About Springtek
Springtek is a Consumer company based in Bareilly (India) founded in 2009 by Namit Goel. Mattresses and home furnishings are sold online by Springtek. Springtek has raised $2.14 million across 3 funding rounds from investors including Matrix Distributor, Vindus Holding and Baba Commercial And Finvest. The company has 168 employees. Springtek was last valued at $5.41 million in March 2012. Its website springtek.in draws about 91 thousand monthly visits. Its Indian entity Ashoka Foam Multi Plast Private Limited reported revenue of ₹142 Cr. Its focus areas include Retail, Home Improvements, B2C Commerce and Mattress.
Company details
Springtek was founded in 2009 in Bareilly, India, as an internet-first brand in the mattress and home furnishings sector. A range of mattresses, including latex, coir, foam, and spring varieties, is provided with features such as hypoallergenic materials, non-toxicity, pushback support, and pressure distribution. Additional products like chairs, pillows, bed sheets, and sofas are also offered through its online catalog.
- Headquarters Bareilly, India
- Employees 168
- Founders Namit Goel
- Stage Minicorn
- SectorsConsumer
- Website category Finance · Banking Credit and Lending
- Email••••••••
- Phone•••• ••••
- Website springtek.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Ashoka Foam Multi Plast Private Limited
- Date of Incorporation 24 May, 2006
- Jurisdiction Bareilly, Uttar Pradesh, India
- Annual Revenue₹142 Cr
FY 2025
- Net Profit₹1.45 Cr
FY 2025 · 1% margin
- EBITDA₹8.71 Cr
FY 2025 · 6% margin
- Total Equity Funding$2.14M (USD)
in 3 rounds
- Latest Funding Round$441.63K (USD), Seed
Mar 2012
- InvestorsMatrix Distributor
& 27 more
- Employee Count168
Associated legal entities of Springtek
Springtek operates through Ashoka Foam Multi Plast Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ashoka Foam Multi Plast Private Limited CIN U25191UP2006PTC031876 | Active | 24 May 2006 | Bareilly, Uttar Pradesh | ₹142 Cr | 168 | 15 | View details |
Apps and channels of Springtek
its YouTube channel Springtek Mattress has 1.63K subscribers and 30 videos.
Videos from Springtek
The most watched videos on Springtek's YouTube channel, Springtek Mattress (1.63K subscribers). Click a video to play it here.
More on Springtek Mattress.
Funding Insights of Springtek
Springtek has successfully raised a total of $2.14M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $441.63 thousand completed in March 2012. 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 $2.14M
- Total Rounds 3
- Last Round Seed — $441,625
- First Round $527,843
(Mar 2009)
- Investors Count 28
All 3 funding rounds of Springtek with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2012 | $441,625 | Seed | $5.41M | Baba Commercial And Finvest | |
| Mar 2010 | $1.17M | Seed | $5.58M | Excello Fin Lea | |
| Mar 2009 | $527,843 | Seed | $••••• | Apeksha Securities |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2012 | $5.41M | •••••••• |
| Mar 2010 | $5.58M | •••••••• |
| Mar 2009 | $••••• | •••••••• |
Full valuation and stage history of Springtek
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $5.41M (Mar 2012). 27 investors in total: 26 institutional and 1 angel.
Investors in Springtek
Springtek has secured backing from 27 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Matrix Distributor, Vindus Holding and Baba Commercial And Finvest.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on multiple sectors | yulanmarketing.tcc.mode | Kolkata, India | ||
Hotels in Kolkata, India, are operated by Vindus Holding. | vindusholding.tcc.mode | Kolkata, India | ||
Wholesaler of agricultural raw material, live animals, food beverages, and tobacco products | babacommercialandfinvest.tcc.mode | Kolkata, India | ||
| mohitdealers.tcc.mode | ||||
| sreenathfivest.tcc.mode | ||||
| muskandistributors.tcc.mode | ||||
| jackpotvintrade.tcc.mode | ||||
| gloriousdealmark.tcc.mode | ||||
| kamnacommercial.tcc.mode | ||||
| rajhansdealers.tcc.mode |
Investor details for Springtek
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Ashoka Foam Multi Plast Private Limited (Springtek)
Ashoka Foam Multi Plast Private Limited is the primary company behind Springtek. The board of Ashoka Foam Multi Plast Private Limited currently have 15 directors; the longest-serving is Vivek Agrawal, appointed in 2006. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vivek Agrawal DIN 01314635 | Director | 24 May 2006 | 20 yrs 5 mo | Ashoka Foam Multi Plast Private Limited |
| Ashok Goel Kumar DIN 01122554 | Director | 24 May 2006 | 20 yrs 5 mo | Ashoka Foam Multi Plast Private Limited |
| Udit Goel DIN 01588670 | Managing Director | 01 Jun 2007 | 19 yrs 4 mo | Ashoka Foam Multi Plast Private Limited |
| Neeraj Goel DIN 01588664 | Director | 01 Jun 2007 | 19 yrs 4 mo | Ashoka Foam Multi Plast Private Limited |
| Yogesh Kumar Goel DIN 01308833 | Director | 01 Jun 2007 | 19 yrs 4 mo | Ashoka Foam Multi Plast Private Limited |
| Vibhore Goel DIN 01308823 | Director | 01 Jun 2007 | 19 yrs 4 mo | Ashoka Foam Multi Plast Private Limited |
| Namit Goel DIN 03173446 | Director | 01 Apr 2015 | 11 yrs 6 mo | Ashoka Foam Multi Plast Private Limited |
| Shallu Goel DIN 10323659 | Additional Director | 08 Dec 2025 | 10 mo | Ashoka Foam Multi Plast Private Limited |
| Aayushi Pratap DIN 10323660 | Additional Director | 08 Dec 2025 | 10 mo | Ashoka Foam Multi Plast Private Limited |
| Yogendra Goel DIN 00741534 | Additional Director | 08 Dec 2025 | 10 mo | Ashoka Foam Multi Plast Private Limited |
| Naman Goel DIN 07245151 | Additional Director | 08 Dec 2025 | 10 mo | Ashoka Foam Multi Plast Private Limited |
| Aastha Goyal DIN 06503765 | Additional Director | 08 Dec 2025 | 10 mo | Ashoka Foam Multi Plast Private Limited |
| Saksham Goel DIN 10121729 | Additional Director | 08 Dec 2025 | 10 mo | Ashoka Foam Multi Plast Private Limited |
| Divyansh Goel DIN 10121637 | Additional Director | 08 Dec 2025 | 10 mo | Ashoka Foam Multi Plast Private Limited |
| Shivang Goel DIN 10122229 | Additional Director | 08 Dec 2025 | 10 mo | Ashoka Foam Multi Plast Private Limited |
People of Springtek
1 people are tracked at Springtek (1 in leadership); the tracked headcount is 168.
| Name | Role | Group |
|---|---|---|
| Founder & Owner | Leadership |
Complete people profiles for Springtek
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Springtek
Figures of Ashoka Foam Multi Plast Private Limited, the primary company behind Springtek, for FY 2025. Revenue was ₹142 Cr. Net profit was ₹1.45 Cr (1% margin). EBITDA was ₹8.71 Cr (6% margin). Revenue has grown at a compounded annual rate of +8% over three years and +10% over five years.
- ₹142 CrRevenue · FY 2025
- ₹1.45 CrNet profit · 1% margin
- ₹8.71 CrEBITDA · 6% margin
- ₹7.58 CrPaid-up capital
- 168Employees (provident fund records)
- +8%Revenue CAGR, 3 years
- +10%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ashoka Foam Multi Plast Private Limited are on its company page.
Detailed financial statements for Springtek
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Springtek
4 dated milestones of Springtek across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Springtek is founded.
- Funding First funding round of $528K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $442K.
Web traffic of Springtek
The website of Springtek (springtek.in) receives about 90.9K visits a month and ranks #392,401 among all websites worldwide, #5,546 in Banking Credit and Lending.
- Monthly visits90.9K
▲ 21.6% vs previous month
- Unique visitors35.7K
per month
- Global rank#392,401
among all websites
- Category rank#5,546
Finance · Banking Credit and Lending
- Bounce rate36%
- Pages per visit3.8
- Average visit1 min 21 sec
- DevicesDesktop 11% · Mobile 89%
Websites whose visitors overlap most with Springtek. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
sleepspa.in | sleepspa.in | 100% | #3,638,650 | – | |
| sleepycat.in | 88% | 506.4K | #138,446 | View details | |
| thewhitewillow.in | 83% | 117.7K | #325,586 | View details | |
| thesleepcompany.in | 82% | 2.8M | #24,666 | View details | |
| mmfoam.com | 72% | 23K | #1,314,606 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 28 similar websites and full traffic analytics for Springtek
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 28 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Home & Living Products
3 companies that operate in the same segment as Springtek (Home & Living Products) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 511.55 M | USD 172.66 M | 4,353 | |
Multi-category products are rented via subscription model. | 2014 | Bengaluru, Karnataka, India | USD 58.71 M | USD 14.82 M | 422 | |
Internet-first brand offering multi-category home furniture | 2012 | Bengaluru, Karnataka, India | USD 108.06 M | USD 26.92 B | 43,024 |
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Articles about Springtek on our blog
Frequently Asked Questions about Springtek
Springtek was founded in 2009.
Springtek is headquartered in Bareilly, India. It is registered at Bareilly, Uttar Pradesh, India.
Springtek is a funded company, having raised a total of $2.14M across 3 funding rounds to date. The company's 1st funding round was a Seed of $527.84K, raised on Mar 2009.
Springtek has 168 employees.
The primary company behind Springtek, Ashoka Foam Multi Plast Private Limited, reported revenue of ₹142 Cr for FY 2025.
Springtek was founded in 2009 in Bareilly, India, as an internet-first brand in the mattress and home furnishings sector. A range of mattresses, including latex, coir, foam, and spring varieties, is provided with features such as hypoallergenic materials, non-toxicity, pushback support, and pressure distribution. Additional products like chairs, pillows, bed sheets, and sofas are also offered through its online catalog.
Springtek has 27 investors. Key investors include Matrix Distributor, Vindus Holding, Baba Commercial And Finvest, Mohitdealers, and Sreenath Fivest.
The valuation of Springtek is $5.41M as of Mar 2012.
Springtek operates through Ashoka Foam Multi Plast Private Limited.
The legal entities of Springtek currently have 15 directors, including Shallu Goel, Aayushi Pratap, Vivek Agrawal and others.