About Svarochi
Svarochi was a Consumer company based in Delhi (India) founded in 2016 by Rajeev Chopra, Kunal Chowdhury, and Arjun Shahani. It manufactures smart home lighting products for modern, efficient living spaces. It operates on a B2C model. Svarochi has raised $6 million across 1 funding round from investors including Sequoia Capital. The company has 7 employees. Svarochi was last valued at $14.59 million in February 2017. Its chief executive is Rajeev Chopra. Its Indian entity Ibahn Illumination Private Limited reported revenue of ₹9.24 Cr. The company is recorded as dissolved. Its focus areas include Manufacturing, Consumer Electronics, Home Automation and Lighting Products. Its competitors include Particle, Signify, Landis+Gyr, Span.IO and PowerSecure and 3 more; 4 of its 8 listed competitors have raised funding.
Company details
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.
- Headquarters Delhi, India
- Employees 7
- Founders Rajeev Chopra, Kunal Chowdhury, Arjun Shahani
- Stage Minicorn
- SectorsConsumer
- Website svarochi.com
- Social X Facebook
- Legal Name Ibahn Illumination Private Limited
- Date of Incorporation 13 May, 2016
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹9.24 Cr
FY 2023 · +18% YoY
- Net Profit₹1.59 Cr
FY 2023 · 17% margin
- EBITDA₹2.00 Cr
FY 2023 · 22% margin
- Total Equity Funding$6M (USD)
in 1 rounds
- Latest Funding Round$6M (USD), Series A
Feb 2017
- Investors
- Employee Count7
Associated legal entities of Svarochi
Svarochi operates through Ibahn Illumination Private Limited (dissolved under section 59(8)). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ibahn Illumination Private Limited CIN U36998DL2016PTC299702 | Dissolved Under Section 59(8) | 13 May 2016 | New Delhi, Delhi | ₹9.2 Cr | 7 | 3 | View details |
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 $6M
- Total Rounds 1
- Last Round Series A — $6M
- First Round $6M
(Feb 2017)
- Investors Count 1
All 1 funding rounds of Svarochi 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 |
|---|---|---|---|---|---|
| Feb 2017 | $6M | Series A | $14.59M | Sequoia Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2017 | $14.59M | •••••••• |
Last known valuation $14.59M (Feb 2017). 1 investors in total: 1 institutional.
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 |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - |
Investor details for Svarochi
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 Ibahn Illumination Private Limited (Svarochi)
Ibahn Illumination Private Limited is the primary company behind Svarochi. The board of Ibahn Illumination Private Limited currently have 3 directors; the longest-serving is Rajeev Chopra, appointed in 2016. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajeev Chopra DIN 03396723 | Director | 13 May 2016 | 10 yrs 5 mo | Ibahn Illumination Private Limited |
| Arjun Balram Shahani DIN 02997246 | Director | 14 Feb 2017 | 9 yrs 8 mo | Ibahn Illumination Private Limited |
| Adarsh Sharma DIN 01935543 | IRP/RP/Liquidator | 15 May 2023 | 3 yrs 5 mo | Ibahn Illumination Private Limited |
People of Svarochi
3 people are tracked at Svarochi (3 in leadership); the tracked headcount is 7.
| Name | Role | Group |
|---|---|---|
| Co-Founder, CEO | Leadership | |
Kunal Chowdhury | Co-Founder, CTO | Leadership |
| Co-Founder, COO | Leadership |
Complete people profiles for Svarochi
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 Svarochi
Figures of Ibahn Illumination Private Limited, the primary company behind Svarochi, for FY 2023. Revenue was ₹9.24 Cr (+18% year on year). Net profit was ₹1.59 Cr (17% margin). EBITDA was ₹2.00 Cr (22% margin). Revenue has grown at a compounded annual rate of -15% over three years and +16% over five years.
- ₹9.24 CrRevenue · FY 2023 · +18% YoY
- ₹1.59 CrNet profit · 17% margin
- ₹2.00 CrEBITDA · 22% margin
- ₹20.60 CrPaid-up capital
- 7Employees (provident fund records)
- -15%Revenue CAGR, 3 years
- +16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ibahn Illumination Private Limited are on its company page.
Detailed financial statements for Svarochi
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 Svarochi
3 dated milestones of Svarochi across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Svarochi is founded.
- Funding First funding round of $6.0M.
- Milestone Reaches Minicorn status.
Competitors of Svarochi
Svarochi has 8 listed competitors in our database, 4 of them funded. They include Particle, Signify, Landis+Gyr, Span.IO and PowerSecure, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| particle.io | 2011 | San Francisco, United States | $134.87M | 109 | IoT connectivity platform from prototype to production is developed. | |
| signify.com | 1891 | Eindhoven, Netherlands | – | – | Signify is recognized as a global leader in lighting solutions. | |
| landisgyr.com | 1896 | Zug, Switzerland | $1.03B | 996 | End-to-end energy management solutions are provided for utilities worldwide. | |
| span.io | 2014 | San Francisco, United States | $255.56M | – | Smart panels for home energy management are provided by Span.IO. | |
| powersecure.com | 1991 | Wake Forest, United States | – | 1,030 | Energy efficiency and smart grid management solutions | |
| osram.com | 1919 | Munich, Germany | – | 13 | Automotive lighting equipment is manufactured by Osram in Germany. | |
| nanoleaf.me | 2012 | Toronto, Canada | $2.9M | 94 | Energy-efficient smart lightbulbs are developed by Nanoleaf. | |
| resideo.com | 2018 | Wilmington, United States | – | 293 | Smart home products for security and energy efficiency are provided. |
Detailed competitors of Svarochi
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 Home & Living Products
10 companies that operate in the same segment as Svarochi (Home & Living Products), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 511.55 M | USD 172.66 M | 4,353 | |
App based platform to connect users with local service professionals | 2008 | San Francisco, California, United States | USD 698.85 M | – | 1,807 | |
Provider of FMCG conglomerate products | 1837 | United States | – | USD 457.23 M | 923 | |
Multi-category products are rented via subscription model. | 2014 | Bengaluru, Karnataka, India | USD 58.71 M | USD 14.82 M | 422 | |
Multi-category home improvement products are sold online by Wayfair. | 2002 | Boston, Massachusetts, United States | USD 368.2 M | USD 12.46 B | 3 | |
AI-enabled smart mattress covers and thermoregulated bedding are provided. | 2014 | New York, New York, United States | USD 323.07 M | – | 272 | |
Multi-category home improvement products are sold through an internet-first brand. | 2010 | London, England, United Kingdom | USD 135.9 M | – | – | |
Developer and manufacturer of heating, ventilation, air conditioning and refrigeration equipment | 1924 | Osaka, Osaka Prefecture, Japan | – | USD 29.47 B | 96,337 | |
Mattresses and bedding are provided by an internet-first brand. | 2014 | New York, New York, United States | USD 339.7 M | USD 497 M | 806 | |
Internet-first brand offering multi-category home furniture | 2012 | Bengaluru, Karnataka, India | USD 108.06 M | USD 26.92 B | 43,024 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Svarochi
Complete news archive for Svarochi
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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 2017.
Svarochi has 7 employees.
The primary company behind Svarochi, Ibahn Illumination Private Limited, reported revenue of ₹9.24 Cr for FY 2023, up 18% year on year.
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.
Svarochi operates through Ibahn Illumination Private Limited.
The legal entities of Svarochi currently have 3 directors, including Adarsh Sharma, Rajeev Chopra, Arjun Balram Shahani.