About Svarochi
Svarochi is a company based in Delhi (India) founded in 2016 by Rajeev Chopra, Kunal Chowdhury, and Arjun Shahani. It operates as a B2C. Svarochi has raised $6 million across 1 funding round from investors including Sequoia Capital. The company has 7 employees as of March 31, 2022. Svarochi operates in a competitive market with competitors including Particle, Signify, Landis+Gyr, Span.IO and PowerSecure, among others.
- Headquarter Delhi, India
- Employees 7 as on 31 Mar, 2022
- Founders Rajeev Chopra, Kunal Chowdhury, Arjun Shahani
- Stage Minicorn
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Sectors
Consumer
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Phone
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Website
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Social
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- Legal Name Ibahn Illumination Private Limited
- Date of Incorporation 13 May, 2016
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$946.96 K (USD)15.63as on Mar 31, 2022
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Net Profit
$370.78 K (USD)502.86as on Mar 31, 2022
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EBITDA
$383.11 K (USD)789.47as on Mar 31, 2022
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Total Equity Funding
$6 M (USD)
in 1 rounds
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Latest Funding Round
$6 M (USD), Series A
Feb 14, 2017
- Investors
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Employee Count
7
as on Mar 31, 2022
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Funding Insights of Svarochi
Svarochi has successfully raised a total of $6M through 1 strategic funding round. The most recent funding activity was a Series A round of $6 million completed in February 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 Total Funding
- Total Rounds 1
- Last Round Series A — $6.0M
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First Round
First Round
(14 Feb 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Series A - Svarochi | Valuation | Sequoia Capital |
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Investors in Svarochi
Svarochi has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Sequoia Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location |
Investments & Acquisitions by Svarochi
Financial Statements - Svarochi
Svarochi Comparisons
Competitors of Svarochi
Svarochi 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 Particle, Signify, Landis+Gyr, Span.IO and PowerSecure, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Energy efficiency and smart grid management solutions
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| domain | founded_year | HQ Location |
Automotive lighting equipment is manufactured by Osram in Germany.
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Frequently Asked Questions about Svarochi
Svarochi was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Svarochi is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Rajeev Chopra is the current CEO of Svarochi. They have also founded this company.
Svarochi is a funded company, having raised a total of $6M across 1 funding round to date. The company's 1st funding round was a Series A of $6M, raised on Feb 14, 2017.
As of Mar 31, 2022, the latest employee count at Svarochi is 7.
Annual revenue of Svarochi is $946.96K as on Mar 31, 2022.
Svarochi, led by Rajeev Chopra as Co-Founder, CEO, Kunal Chowdhury as Co-Founder, CTO, Arjun Shahani as Co-Founder, COO, specializes in producing manufactured goods, producing consumer electronics, offering home automation, and lighting products. Manufactures smart home lighting products for modern, efficient living spaces. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
Svarochi's top competitors include Particle, Landis+Gyr and Signify.
Svarochi has 1 investor. Key investors include Sequoia Capital.
The valuation of Svarochi is $14.59M as of Feb 2017.