About SquarePlums
SquarePlums was a Travel & Hospitality company based in Bengaluru (India) founded in 2016. A branded marketplace for listing and renting furnished flats. It operates on a B2C model. SquarePlums has raised $1.17 million across 3 funding rounds from investors including Mahindra Lifespaces, Vertexperts Consulting and Texport Industries. The company has 2 employees. SquarePlums was last valued at $4.79 million in September 2018. The company is recorded as dissolved. Its focus areas include Real Estate, Rental Services, Online Marketplaces and Furnished Rentals. Its legal entity in India is Urban Stay Technologies Private Limited (U72200KA2016PTC086416). Its competitors include Stanza Living and Housr; 2 of its 2 listed competitors have raised funding.
Company details
SquarePlums operates with a B2C model, focusing on involved in property dealings, providing rental services, online marketplaces, and furnished rentals. A branded marketplace for listing and renting furnished flats. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Bengaluru, India
- Employees 2
- Stage Minicorn
- SectorsTravel & Hospitality
- Website squareplums.com
- Social X Facebook
- Legal Name Urban Stay Technologies Private Limited
- Date of Incorporation 23 Feb, 2016
- Jurisdiction Bangalore, Karnataka, India
- Net Loss-₹52.7 Lakh
FY 2022 · 0% margin
- EBITDA-₹29.9 Lakh
FY 2022 · 0% margin
- Total Equity Funding$1.17M (USD)
in 3 rounds
- Latest Funding Round$695.58K (USD), Series A
Sep 2018
- InvestorsMahindra Lifespaces
& 53 more
- Employee Count2
Associated legal entities of SquarePlums
SquarePlums operates through Urban Stay Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Urban Stay Technologies Private Limited CIN U72200KA2016PTC086416 | Active | 23 Feb 2016 | Bangalore, Karnataka | 2 | 2 | View details |
Funding Insights of SquarePlums
SquarePlums has successfully raised a total of $1.17M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $695.58 thousand completed in September 2018. 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 $1.17M
- Total Rounds 3
- Last Round Series A — $695,584
- First Round $470,758
(Jul 2016)
- Investors Count 54
All 3 funding rounds of SquarePlums 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 |
|---|---|---|---|---|---|
| Sep 2018 | $695,584 | Series A | $4.79M | Mahindra Lifespaces | – |
| Dec 2017 | Series A | – | – | – | |
| Jul 2016 | $470,758 | Seed | $1.83M | VGN Prakash |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2018 | $4.79M | •••••••• |
| Jul 2016 | $1.83M | •••••••• |
Last known valuation $4.79M (Sep 2018). 54 investors in total: 13 institutional and 41 angel.
Investors in SquarePlums
SquarePlums has secured backing from 54 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Mahindra Lifespaces, Vertexperts Consulting and Texport Industries.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial blogging, market analysis, and subscription services. | 2009 | telnetventures.com | Mumbai, India | |
Operations in real estate, jewellery, restaurants, e-commerce, skincare, food and beverage, and luxury retail sectors in India. | 2004 | shreesharda.co.in | Delhi, India | |
Angel investor network investing in early-stage startups | iangroup.vc | Delhi, India | ||
Offering seed funding and incubation services to early-stage companies in India. | 2010 | vertexperts.com | Bengaluru, India | |
Venture capital firm focused on seed-stage investments | parekhmarketing.tcc.mode | Mumbai, India | ||
Residential and commercial infrastructure development services are provided. | 1994 | mahindralifespaces.com | Mumbai, India | |
Manufacturer of apparels for men, women, and children | 1978 | texportgarments.com | Mumbai, India | |
Funding is provided to technology-driven startups by BDG Angels. | bdgangels.fund | Kolkata, India | ||
| vireetinvestment.tcc.mode | ||||
Diversified investment management services are provided across sectors. | quibusresources.tcc.mode | Chennai, India |
Investor details for SquarePlums
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 Urban Stay Technologies Private Limited (SquarePlums)
Urban Stay Technologies Private Limited is the primary company behind SquarePlums. The board of Urban Stay Technologies Private Limited currently have 2 directors; the longest-serving is Ranjan Shankar Shetty, appointed in 2023. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ranjan Shankar Shetty DIN 06377130 | Director | 27 Mar 2023 | 3 yrs 7 mo | Urban Stay Technologies Private Limited |
| Udai Prashanth Muntimadugu DIN 07658199 | Director | 27 Mar 2023 | 3 yrs 7 mo | Urban Stay Technologies Private Limited |
Financials of SquarePlums
Figures of Urban Stay Technologies Private Limited, the primary company behind SquarePlums, for FY 2022. Net loss was -₹52.7 Lakh (0% margin). EBITDA was -₹29.9 Lakh (0% margin). Revenue has grown at a compounded annual rate of -100% over three years and -100% over five years.
- -₹52.7 LakhNet loss · 0% margin
- -₹29.9 LakhEBITDA · 0% margin
- ₹60 LakhPaid-up capital
- 2Employees (provident fund records)
- -100%Revenue CAGR, 3 years
- -100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Urban Stay Technologies Private Limited are on its company page.
Detailed financial statements for SquarePlums
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 SquarePlums
4 dated milestones of SquarePlums across 2 years, from founding to its latest funding, stage changes and deals.
- Founded SquarePlums is founded.
- Funding First funding round of $471K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $696K.
Competitors of SquarePlums
SquarePlums has 2 listed competitors in our database, 2 of them funded. They include Stanza Living and Housr.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stanzaliving.com | 2017 | Gurugram, India | $232.71M | 210 | Operator of managed accommodations providing fully-furnished living spaces with essential amenities | |
| housr.in | 2018 | Gurugram, India | $13.74M | 126 | Fully furnished coliving spaces and serviced apartments are managed. |
Detailed competitors of SquarePlums
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Alternative Accommodation
3 companies that operate in the same segment as SquarePlums (Alternative Accommodation) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform for booking hotel rooms on hourly basis in Indian cities for short-term needs. | 2020 | Mumbai, Maharashtra, India | USD 1.74 K | |||
Offers luxurious accommodations including hostels, hotels, and resorts in India. | 2015 | Jaipur, Rajasthan, India | USD 582.33 K | USD 277.18 K | 49 | |
Offers travel news, destination guides, hotel recommendations, and booking services. | 2013 | Gurugram, Haryana, India |
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Related news about Squareplums
Complete news archive for SquarePlums
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Frequently Asked Questions about SquarePlums
SquarePlums was founded in 2016.
SquarePlums is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
SquarePlums is a funded company, having raised a total of $1.17M across 3 funding rounds to date. The company's 1st funding round was a Seed of $470.76K, raised on Jul 2016.
SquarePlums has 2 employees.
SquarePlums operates with a B2C model, focusing on involved in property dealings, providing rental services, online marketplaces, and furnished rentals. A branded marketplace for listing and renting furnished flats. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
SquarePlums's top competitors include Stanza Living and Housr.
SquarePlums has 54 investors. Key investors include Mahindra Lifespaces, Vertexperts Consulting, Texport Industries, Shree Sharda Group, and Telnet Ventures.
The valuation of SquarePlums is $4.79M as of Sep 2018.
SquarePlums operates through Urban Stay Technologies Private Limited.
The legal entities of SquarePlums currently have 2 directors, including Ranjan Shankar Shetty, Udai Prashanth Muntimadugu.