Spinkraft Ventures

Mumbai, India Founded: 2021 • Age: 5 yrs Acquired By Aerem
Provider of quality solar products and solutions for sustainable energy needs

About Spinkraft Ventures

Spinkraft Ventures is a company based in Mumbai (India) founded in 2021 by Pravesh Bhargava, Acharan Chandel, and Ajay Patel was acquired by Aerem in May 2024.. The company has 8 employees as of April 08, 2024. Spinkraft Ventures offers products and services including Procurement Platform and Order Support Service. Spinkraft Ventures operates in a competitive market with competitors including Borosil Renewables, Servoteh, Nessa, SuKam Solar and HVR Solar, among others.

  • Headquarter Mumbai, India
  • Employees 8 as on 08 Apr, 2024
  • Founders Pravesh Bhargava, Acharan Chandel, Ajay Patel
  • Sectors
    Energy & Utilities
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Sunstore Solar Private Limited
  • Date of Incorporation 02 Sep, 2021
  • Jurisdiction Mumbai, Maharashtra, India
Operational Areas
Energy & Utilities → Renewable & Clean Energy
Key Metrics
  • Annual Revenue
    $9.35 M (USD)
    33.28
    as on Mar 31, 2023
  • Net Profit
    $1.76 K (USD)
    -97.28
    as on Mar 31, 2023
  • EBITDA
    $-47.16 K (USD)
    -167.65
    as on Mar 31, 2023
  • Latest Funding Round
  • Investors
  • Employee Count
    8

    as on Apr 08, 2024

  • Acquired by
    Aerem

    (May 15, 2024)

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Products & Services of Spinkraft Ventures

Spinkraft Ventures offers a comprehensive portfolio of products and services, including Procurement Platform and Order Support Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Online platform for buying solar equipment with fast delivery options

Assistance for enquiries and order processing on the platform

Funding Insights of Spinkraft Ventures

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Spinkraft Ventures

Spinkraft Ventures has secured backing from 1 investor. Prominent investors backing the company include Aerem. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Investor Description Founded Year Domain Location
Solar financing, equipment, and monitoring solutions are provided for customers.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Spinkraft Ventures

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Spinkraft Ventures

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Spinkraft Ventures Comparisons

Employees
+
Add Comparison
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Competitors of Spinkraft Ventures

Spinkraft Ventures operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Borosil Renewables, Servoteh, Nessa, SuKam Solar and HVR Solar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Solar glass is manufactured by Borosil Renewables for photovoltaic applications.
domain founded_year HQ Location
Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs
domain founded_year HQ Location
Offers solar consumer goods
domain founded_year HQ Location
Provider of range of products and services, including solar panels, inverters, and LED street lights for homes and industries
domain founded_year HQ Location
Manufactures solar panels, batteries, and modules for renewable energy solutions in India.
domain founded_year HQ Location
Manufactures solar modules and power plants with high-efficiency technology in India.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Spinkraft Ventures

Frequently Asked Questions about Spinkraft Ventures

When was Spinkraft Ventures founded?

Spinkraft Ventures was founded in 2021.

Where is Spinkraft Ventures located?

Spinkraft Ventures is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

How many employees does Spinkraft Ventures have?

As of Apr 08, 2024, the latest employee count at Spinkraft Ventures is 8.

What is the annual revenue of Spinkraft Ventures?

Annual revenue of Spinkraft Ventures is $9.35M as on Mar 31, 2023.

What does Spinkraft Ventures do?

Spinkraft Ventures Private Limited was established in 2021 in Mumbai, India, within the renewable energy sector. Solar products are supplied through sales and distribution channels, supported by partnerships and strategic acquisitions. Operations serve as a comprehensive resource for sustainable energy applications, addressing various needs in the market. Milestones have been reached in the sectors development.

Who are the top competitors of Spinkraft Ventures?

Spinkraft Ventures's top competitors include Servoteh, Borosil Renewables and SuKam Solar.

What products or services does Spinkraft Ventures offer?

Spinkraft Ventures offers Procurement Platform and Order Support Service.

Who are Spinkraft Ventures's investors?

Spinkraft Ventures has 1 investor. Key investors include Aerem.

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