About Spintly
Spintly is a company based in India founded in 2017 by Malcolm Dsouza and Rohin Parkar.. Spintly has raised $5.87 million across 8 funding rounds from investors including Accel, LetsVenture and Government of Goa. The company has 112 employees as of March 23, 2024. Spintly offers products and services including KREO, ZEON, Gateway Cloud, UNO Reader, and Smart Lock. Spintly operates in a competitive market with competitors including Openpath, Brivo, Ajax Systems, Proxyclick and Minut, among others.
- Headquarter Salcete, India
- Employees 112 as on 23 Mar, 2024
- Founders Malcolm Dsouza, Rohin Parkar
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Sectors
Industrial Goods & ManufacturingBusiness Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Spintly India Private Limited
- Date of Incorporation 01 Oct, 2021
- Jurisdiction Goa, Goa, India
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Annual Revenue
$1.09 M (USD)2056.04as on Mar 31, 2023
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Net Profit
$-19.58 K (USD)69.16as on Mar 31, 2023
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EBITDA
$-6.75 K (USD)89.05as on Mar 31, 2023
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Total Equity Funding
$5.87 M (USD)
in 8 rounds
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Latest Funding Round
$408.07 K (USD), Seed
Jan 06, 2025
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Investors
Accel
& 18 more
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Employee Count
112
as on Mar 23, 2024
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Products & Services of Spintly
Spintly offers a comprehensive portfolio of products and services, including KREO, ZEON, Gateway Cloud, UNO Reader, and Smart Lock. 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.
QR-based reader for secure mobile access control systems
Non-keypad reader supporting NFC and BLE technologies
Cloud-based API for credential management and integrations
Device for wireless access control in various environments
Lock system with Apple Wallet integration for keyless entry
Unlock access to complete
Funding Insights of Spintly
Spintly has successfully raised a total of $5.87M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $408.07 thousand completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Seed — $408,072
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First Round
First Round
(01 Apr 2020)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Seed - Spintly | Valuation | Spyre | |
| Apr, 2024 | Amount | Seed - Spintly | Valuation | Accel , Chakra Growth Fund |
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| Mar, 2024 | Amount | Seed - Spintly | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spintly
Spintly has secured backing from 19 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accel, LetsVenture and Government of Goa. 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.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital firm investing in clean energy, electrification, and mobility technologies for global decarbonization.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spintly
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spintly
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spintly Comparisons
Competitors of Spintly
Spintly 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 Openpath, Brivo, Ajax Systems, Proxyclick and Minut, 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 |
Cloud-based access control systems with mobile credentials are provided.
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| domain | founded_year | HQ Location |
Developer of AI and cloud-based integrated access control systems
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| domain | founded_year | HQ Location |
Connected security systems with detectors and hubs are provided.
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| domain | founded_year | HQ Location |
Cloud-driven visitor management software is provided for workplaces.
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| domain | founded_year | HQ Location |
Security sensors for residential hazard detection are developed.
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| domain | founded_year | HQ Location |
Cloud-based visitor management software is offered for commercial spaces.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spintly
Frequently Asked Questions about Spintly
When was Spintly founded?
Spintly was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Spintly located?
Spintly is headquartered in India. It is registered at Goa, India.
Who is the current CEO of Spintly?
Rohin Parkar is the current CEO of Spintly. They have also founded this company.
Is Spintly a funded company?
Spintly is a funded company, having raised a total of $5.87M across 8 funding rounds to date.
How many employees does Spintly have?
As of Mar 23, 2024, the latest employee count at Spintly is 112.
What is the annual revenue of Spintly?
Annual revenue of Spintly is $1.09M as on Mar 31, 2023.
What does Spintly do?
Provider of a cloud-based, wireless access control platform allowing users to access doors using their smartphones. It is a wireless access control technology company that enables users to access doors and premises using their smartphones, eliminating the need for physical keys and access badges.
Who are the top competitors of Spintly?
Spintly's top competitors include Openpath, Ajax Systems and Minut.
What products or services does Spintly offer?
Spintly offers KREO, ZEON, Gateway Cloud, UNO Reader, and Smart Lock.
Who are Spintly's investors?
Spintly has 19 investors. Key investors include Accel, LetsVenture, Government of Goa, SucSEED Indovation, and Keiretsu Forum.
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