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
***********
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Phone
*********
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Website
*********
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Social
*********
- 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $441,625
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First Round
First Round
(30 Mar 2009)
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2012 | Amount | Seed - Springtek | Valuation | Baba Commercial And Finvest | |
| Mar, 2010 | Amount | Seed - Springtek | Valuation | Excello Fin Lea | |
| Mar, 2009 | Amount | Seed - Springtek | Valuation | Apeksha Securities |
| 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 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. 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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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Hotels in Kolkata, India, are operated by Vindus Holding.
|
Founded Year | Domain | Location | |
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Wholesaler of agricultural raw material, live animals, food beverages, and tobacco products
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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.
|
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 Springtek
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
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 - Springtek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Springtek Comparisons
Competitors of Springtek
| 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.
|
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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.
|
Frequently Asked Questions about Springtek
When was Springtek founded?
Springtek was founded in 2009.
Where is Springtek located?
Springtek is headquartered in Bareilly, India. It is registered at Bareilly, Uttar Pradesh, India.
Is Springtek a funded company?
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 30, 2009.
How many employees does Springtek have?
As of Oct 18, 2024, the latest employee count at Springtek is 168.
What is the annual revenue of Springtek?
Annual revenue of Springtek is $15.04M as on Mar 31, 2023.
What does Springtek do?
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.
Who are Springtek's investors?
Springtek has 28 investors. Key investors include Matrix Distributor, Vindus Holding, Baba Commercial And Finvest, Mohitdealers, and Sreenath Fivest.
What is Springtek's valuation?
The valuation of Springtek is $5.41M as of Mar 2012.