About Springtek
Springtek is a company based in Bareilly (India) founded in 2009 by Namit Goel. 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 as of October 18, 2024.
- Headquarter Bareilly, India
- Employees 168 as on 18 Oct, 2024
- Founders Namit Goel
- Stage Minicorn
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Sectors
Consumer
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Ashoka Foam Multi Plast Private Limited
- Date of Incorporation 24 May, 2006
- Jurisdiction Bareilly, Uttar Pradesh, India
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Annual Revenue
$15.04 M (USD)10.77as on Mar 31, 2023
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Net Profit
$115.39 K (USD)0.31as on Mar 31, 2023
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EBITDA
$878.21 K (USD)5.25as on Mar 31, 2023
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Total Equity Funding
$2.14 M (USD)
in 3 rounds
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Latest Funding Round
$441.63 K (USD), Seed
Mar 31, 2012
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Investors
Matrix Distributor
& 27 more
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Employee Count
168
as on Oct 18, 2024
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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.
Investors in Springtek
Springtek has secured backing from 28 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 |
|---|---|---|---|---|
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Venture capital firm focused on multiple sectors
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Locked | Locked | Locked | |
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Hotels in Kolkata, India, are operated by Vindus Holding.
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Locked | Locked | Locked | |
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Wholesaler of agricultural raw material, live animals, food beverages, and tobacco products
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Locked | Locked | Locked |
Investor details for Springtek
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Investments & Acquisitions by Springtek
Investment portfolio details for Springtek
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Financial Statements - Springtek
Detailed financials for Springtek
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Springtek Comparisons
Peer comparison for Springtek
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Competitors of Springtek
Detailed competitors of Springtek
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Latest news on Springtek
Complete news archive for Springtek
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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.
As of Oct 18, 2024, the latest employee count at Springtek is 168.
Annual revenue of Springtek is $15.04M as on Mar 31, 2023.
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 28 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.