About SSP Advantage
SSP Advantage is a company based in Mumbai (India) founded in 2012 by Praful Wadyalkar. SSP Advantage has raised $2.39 million across 3 funding rounds from investors including SIDBI Venture Capital, Padma Jalan and Taha Nabee. SSP Advantage operates in a competitive market with competitors including JustLikeNew, Seva Services, Mobile Solution, iService and Gadget Restore, among others.
- Headquarter Mumbai, India
- Founders Praful Wadyalkar
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website sspadvantage.com
- Social LinkedIn X Facebook
- Legal Name Pickme E-Solutions India Private Limited
- Date of Incorporation 16 Mar, 2012
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹29.2 Lakh
FY 2021 · -49% YoY
- Net Loss-₹18.6 Lakh
FY 2021 · -64% margin
- EBITDA-₹7.6 Lakh
FY 2021 · -26% margin
- Total Equity Funding$2.39M (USD)
in 3 rounds
- Latest Funding Round$1.8M (USD), Seed
Mar 2017
- InvestorsSIDBI Venture Capital
& 40 more
Associated legal entities of SSP Advantage
SSP Advantage operates through Pickme E-Solutions India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pickme E-Solutions India Private Limited CIN U27310MH2012PTC228275 | Active | 16 Mar 2012 | Thane, Maharashtra | ₹0.3 Cr | 8 | 3 | View details |
Funding Insights of SSP Advantage
SSP Advantage has successfully raised a total of $2.39M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.8 million completed in March 2017. 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 $2.39M
- Total Rounds 3
- Last Round Seed — $1.8M
- First Round $313,417
(Apr 2013)
- Investors Count 41
All 3 funding rounds of SSP Advantage 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 2017 | $1.8M | Seed | $6.56M | SIDBI Venture Capital | – |
| Jun 2015 | $282,042 | Angel Round | $5.01M | Padma Jalan, Neeraj Goenka | |
| Apr 2013 | $313,417 | Angel Round | $••••• | Nitesh Damani, Rajesh Sehgal |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2017 | $6.56M | •••••••• |
| Jun 2015 | $5.01M | •••••••• |
| Apr 2013 | $••••• | •••••••• |
Full valuation and stage history of SSP Advantage
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 $6.56M (Mar 2017). 41 investors in total: 1 institutional and 40 angel.
Investors in SSP Advantage
SSP Advantage has secured backing from 41 investors, including venture fund and angel investors. Prominent investors backing the company include SIDBI Venture Capital, Padma Jalan and Taha Nabee.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital management for SMEs and startups in India. | 1999 | sidbiventure.co.in | Mumbai, India | |
PJ Padma Jalan | - | – | unknown_d705138dba484e148 | - |
TN Taha Nabee | Angel investor and entrepreneur, co-founder of Snackible, focused on consumer startups | – | unknown_5be98f34e6b14e89b | - |
NG Neeraj Goenka | - | – | unknown_ce7961c127094fcfa | - |
NP Nayan Parkh | - | – | unknown_b14be0adaefb4b45b | - |
AK Ashok Kumar Damani | Indian angel investor, active in early-stage startups, based in Mumbai. | – | unknown_cf8a7fcc0691400aa | - |
BP Bino Pathiparampil | Angel investor and tech leader, ex-Google, focused on Indian startups | – | unknown_1a5315c5cfb44bff8 | - |
RB Rishi Bhasin | - | – | unknown_292bacbc5cf94eb28 | - |
BM Bhupendra Mehta | - | – | unknown_e8486d5f686848e9a | - |
AS Arik Shah | - | – | unknown_65391d29932d404e9 | - |
Investor details for SSP Advantage
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 Pickme E-Solutions India Private Limited (SSP Advantage)
Pickme E-Solutions India Private Limited is the primary company behind SSP Advantage. The board of Pickme E-Solutions India Private Limited currently have 3 directors; the longest-serving is Wilbret Durairaj, appointed in 2012. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Wilbret Durairaj DIN 02810758 | Director | 09 Nov 2012 | 13 yrs 11 mo | Pickme E-Solutions India Private Limited |
| Nisha Rajesh Shah DIN 03361536 | Additional Director | 24 Jul 2020 | 6 yrs 2 mo | Pickme E-Solutions India Private Limited |
| Bal Govind Shukla DIN 08807640 | Additional Director | 24 Jul 2020 | 6 yrs 2 mo | Pickme E-Solutions India Private Limited |
People of SSP Advantage
1 people are tracked at SSP Advantage (1 in leadership).
| Name | Role | Group |
|---|---|---|
Praful Wadyalkar | Co-Founder | Leadership |
Complete people profiles for SSP Advantage
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 SSP Advantage
Figures of Pickme E-Solutions India Private Limited, the primary company behind SSP Advantage, for FY 2021. Revenue was ₹29.2 Lakh (-49% year on year). Net loss was -₹18.6 Lakh (-64% margin). EBITDA was -₹7.6 Lakh (-26% margin). Revenue has grown at a compounded annual rate of -64% over three years and -45% over five years.
- ₹29.2 LakhRevenue · FY 2021 · -49% YoY
- -₹18.6 LakhNet loss · -64% margin
- -₹7.6 LakhEBITDA · -26% margin
- ₹9.1 LakhPaid-up capital
- 8Employees (provident fund records)
- -64%Revenue CAGR, 3 years
- -45%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pickme E-Solutions India Private Limited are on its company page.
Detailed financial statements for SSP Advantage
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 SSP Advantage
4 dated milestones of SSP Advantage across 5 years, from founding to its latest funding, stage changes and deals.
- Founded SSP Advantage is founded.
- Funding First funding round of $313K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.8M.
Competitors of SSP Advantage
SSP Advantage 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 JustLikeNew, Seva Services, Mobile Solution, iService and Gadget Restore, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| justlikenew.in | 2014 | Hyderabad, India | $842,589 | 1 | Provides online repair services for smartphones and tablets. | |
| sevaservices.com | 2010 | Jaipur, India | – | – | Mobile repair services are delivered via an app-based platform. | |
| msolution.in | 2014 | Delhi, India | – | – | App-based platform for booking mobile device repair services conveniently. | |
| iservice.co.in | 2011 | Bengaluru, India | $439,922 | 3 | Repair services for Apple products are offered by iService. | |
| gadgetrestore.in | 2018 | Gurugram, India | – | 19 | Creates unique, high-quality designed products for gifting and diverse tastes. | |
| itweak.in | 2008 | Bengaluru, India | – | – | Offers online repair services for mobile devices. | |
| repairbee.in | 2017 | Bengaluru, India | – | – | Provides professional smartphone repair services. |
Detailed competitors of SSP Advantage
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.
Similar companies to SSP Advantage
10 companies that operate in the same segment as SSP Advantage (Consumer Electronics E-Commerce), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital entertainment, e-commerce, and financial services are provided globally. | 2006 | Singapore | USD 721.47 M | USD 22.94 B | 80,700 | |
VR-based head-mounted displays for gaming are provided by Oculus. | 2012 | Menlo Park, California, United States | USD 107.05 M | – | – | |
Refurbished and new gadgets are offered through an online marketplace. | 2009 | Gurugram, Haryana, India | USD 130.05 M | USD 99.25 M | 1,264 | |
Internet first brand offering wearable breast pumps | 2013 | London, England, United Kingdom | USD 157.63 M | – | – | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 | |
Multi-category consumer electronics are offered through an internet-first model. | 2010 | Beijing, China | USD 1.45 B | USD 63.71 B | 43,690 | |
Health-tracking smart rings and biosensors are developed for biometric monitoring. | 2013 | Oulu, North Ostrobothnia, Finland | USD 1.32 B | – | – | |
Personal audio products, wearables, and mobile accessories are retailed. | 2016 | Gurugram, Haryana, India | USD 171.3 M | USD 366.28 M | 471 | |
Smartwatches and fitness trackers are provided for activity monitoring. | 2007 | San Francisco, California, United States | USD 65.05 M | USD 3.88 | – | |
Energy-efficient ceiling fans and smart home appliances are provided. | 2012 | Mumbai, Maharashtra, India | USD 119.2 M | USD 101.01 M | 770 |
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Frequently Asked Questions about SSP Advantage
SSP Advantage was founded in 2012 and raised its 1st funding round 1 year after it was founded.
SSP Advantage is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
SSP Advantage is a funded company, having raised a total of $2.39M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $313.42K, raised on Apr 2013.
The primary company behind SSP Advantage, Pickme E-Solutions India Private Limited, reported revenue of ₹29.2 Lakh for FY 2021, down 49% year on year.
Founded in 2012 in Mumbai, India, SSP Advantage operates in the smartphone after-sales sector. Services including doorstep pickup, device diagnostics, repairs, antivirus protection, extended warranties, and insurance coverage are delivered. Integration with partners occurs through a mobile app for service requests and real-time updates. Expansion of professional repair and protection infrastructure is pursued beyond traditional brand service centers to support device longevity.
SSP Advantage's top competitors include Seva Services, JustLikeNew and iService.
SSP Advantage has 41 investors. Key investors include SIDBI Venture Capital, Padma Jalan, Taha Nabee, Neeraj Goenka, and Nayan Parkh.
The valuation of SSP Advantage is $6.56M as of Mar 2017.
SSP Advantage operates through Pickme E-Solutions India Private Limited.
The legal entities of SSP Advantage currently have 3 directors, including Nisha Rajesh Shah, Bal Govind Shukla, Wilbret Durairaj.