Swipe Technologies

Pune, India Founded: 2012 • Age: 14 yrs
Mobile phones and accessories are manufactured for budget segments.

About Swipe Technologies

Swipe Technologies is a Consumer company based in Pune (India) founded in 2012 by Shripal Gandhi. Mobile phones and accessories are manufactured for budget segments. Swipe Technologies has raised $5.79 million across 2 funding rounds from investors including Kalaari Capital. The company has 13 employees. Its chief executive, as recorded, is Shripal Gandhi. Its Indian entity Starconn Mobility Private Limited reported revenue of β‚Ή184 Cr. Swipe Technologies offers products and services including Project Dhara, Project Manosakha, Waterlily Public School, Label Purnkuti, and Nutrition Support. Its focus areas include Consumer Goods, Mobiles & Accessories, Multi-Category and Internet First Brands. Its competitors include boAt, Qubo and Portronics; 1 of its 3 listed competitors has raised funding.

Company details

Swipe Technologies is a manufacturer of mobile accessories. Launched a 3D tablet in 2013. As of November 2015, its portfolio comprises of multiple smartphones, tablets, and wearables running on Android platform. The products are targeting the budget segment with most of them priced under INR 10k. Also has a cloud storage app that aggregates the storage capacities of multiple free cloud storage providers. Raised INR 32 crore (5M) from Kalaari Capital in April 2014 to set up its manufacturing unit near Pune. As of Nov 2015, its planning to raise INR 250 crore from private equity investors to boost production and RD.

Operational Areas
Key Metrics
  • Annual Revenue
    ₹184 Cr

    FY 2018 · +40% YoY

  • Net Loss
    -₹21.88 Cr

    FY 2018 · -12% margin

  • EBITDA
    -₹20.65 Cr

    FY 2018 · -11% margin

  • Total Equity Funding
    $5.79M (USD)

    in 2 rounds

  • Latest Funding Round
    $834.43K (USD), Series A

    May 2017

  • Investors
  • Employee Count
    13

Products & Services of Swipe Technologies

Swipe Technologies offers a comprehensive portfolio of products and services, including Project Dhara, Project Manosakha, Waterlily Public School, Label Purnkuti, and Nutrition Support.

Project Dhara
Skill Training

Offers skills and health services to female sex workers and LGBTQ communities.

Project Manosakha
Education

Provides education and training for underprivileged children in rural areas.

Waterlily Public School
Schooling

Delivers modern education to students in Bihar's rural settings.

Label Purnkuti
Production Unit

Produces and sells items like tailoring and beauty products for livelihoods.

Nutrition Support
Health Services

Provides nutritional aid to HIV-positive individuals and marginalized groups.

Apps and channels of Swipe Technologies

its YouTube channel Purnkuti Ngo has 29 subscribers and 9 videos.

Purnkuti Ngo
YouTube 29 subscribers 9 videos Nonprofits & Activism
Open channel

Videos from Swipe Technologies

The most watched videos on Swipe Technologies's YouTube channel, Purnkuti Ngo (29 subscribers). Click a video to play it here.

Purnkuti NGO
348 views
About Purnkuti 2023
135 views
Label Purnkuti Launch
70 views
Empowering Women
68 views

More on Purnkuti Ngo.

Funding Insights of Swipe Technologies

Swipe Technologies has successfully raised a total of $5.79M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $834.43 thousand completed in May 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 $5.79M
  • Total Rounds 2
  • Last Round Series A β€” $834,432
  • First Round $4.96M

    (Apr 2014)

  • Investors Count 1

All 2 funding rounds of Swipe Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
May 2017$834,432Series A––
–
Apr 2014$4.96MSeries A–Kalaari Capital
–
Valuation history

1 investors in total: 1 institutional.

Investors in Swipe Technologies

Swipe Technologies has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Kalaari Capital.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
Investments in early-stage technology companies are made by Kalaari Capital.
kalaari.comBengaluru, India
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Investor details for Swipe Technologies

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Board of directors of Starconn Mobility Private Limited (Swipe Technologies)

Starconn Mobility Private Limited is the primary company behind Swipe Technologies. The boards of the 2 registered companies of Swipe Technologies currently have 3 directors; the longest-serving is Vishal Nandlal Gupta, appointed in 2012. 5 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Vishal Nandlal Gupta
DIN 02114047
Director11 Sep 201214 yrs 1 moSwipe Telecom India Private Limited
Aman Nandlal Gupta
DIN 02086026
Director20 Aug 201412 yrs 2 moStarconn Mobility Private Limited
Shripal Chandrakant Gandhi
DIN 02252699
Director20 Aug 201412 yrs 2 moStarconn Mobility Private Limited, Swipe Telecom India Private Limited

People of Swipe Technologies

1 people are tracked at Swipe Technologies (1 in leadership); the tracked headcount is 13.

NameRoleGroup
Founder & CEOLeadership
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Complete people profiles for Swipe Technologies

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Financials of Swipe Technologies

Figures of Starconn Mobility Private Limited, the primary company behind Swipe Technologies, for FY 2018. Revenue was ₹184 Cr (+40% year on year). Net loss was -₹21.88 Cr (-12% margin). EBITDA was -₹20.65 Cr (-11% margin). Revenue has grown at a compounded annual rate of +128% over three years.

  • ₹184 CrRevenue · FY 2018 · +40% YoY
  • -₹21.88 CrNet loss · -12% margin
  • -₹20.65 CrEBITDA · -11% margin
  • ₹7.08 CrPaid-up capital
  • 13Employees (provident fund records)
  • +128%Revenue CAGR, 3 years

Balance sheet, profit and loss, cash flow and ratios of Starconn Mobility Private Limited are on its company page.

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Detailed financial statements for Swipe Technologies

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Timeline of Swipe Technologies

3 dated milestones of Swipe Technologies across 5 years, from founding to its latest funding, stage changes and deals.

  1. Founded Swipe Technologies is founded.
  2. Funding First funding round of $5.0M.
  3. Funding Latest funding round, Series A, of $834K.

Competitors of Swipe Technologies

Swipe Technologies has 3 listed competitors in our database, 1 of them funded. They include boAt, Qubo and Portronics.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
boat-lifestyle.com2016Gurugram, India$206M501
Personal audio products, wearables, and mobile accessories are retailed.
quboworld.com2018Delhi, India165
Online platform offering a wide range of consumer electronics
portronics.com2008Delhi, India128
Sells electronic gadgets and accessories through online retail platforms.
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Detailed competitors of Swipe Technologies

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Web traffic of Swipe Technologies

The website of Swipe Technologies (justswipe.com) receives about 1.9K visits a month.

  • Monthly visits
    1.9K

    ▲ 4.4% vs previous month

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Related news about Swipe Technologies

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Complete news archive for Swipe Technologies

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Frequently Asked Questions about Swipe Technologies

Swipe Technologies was founded in 2012 and raised its 1st funding round 2 years after it was founded.

Swipe Technologies is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.

Shripal Gandhi is the CEO of Swipe Technologies, as recorded in our data. They have also founded this company.

Swipe Technologies is a funded company, having raised a total of $5.79M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.96M, raised on Apr 2014.

Swipe Technologies has 13 employees.

The primary company behind Swipe Technologies, Starconn Mobility Private Limited, reported revenue of β‚Ή184 Cr for FY 2018, up 40% year on year.

Swipe Technologies is a manufacturer of mobile accessories. Launched a 3D tablet in 2013. As of November 2015, its portfolio comprises of multiple smartphones, tablets, and wearables running on Android platform. The products are targeting the budget segment with most of them priced under INR 10k. Also has a cloud storage app that aggregates the storage capacities of multiple free cloud storage providers. Raised INR 32 crore (5M) from Kalaari Capital in April 2014 to set up its manufacturing unit near Pune. As of Nov 2015, its planning to raise INR 250 crore from private equity investors to boost production and RD.

Swipe Technologies's top competitors include boAt, Qubo and Portronics.

Swipe Technologies offers Project Dhara, Project Manosakha, Waterlily Public School, Label Purnkuti, and Nutrition Support.

Swipe Technologies has 1 investor. Key investors include Kalaari Capital.

Swipe Technologies is associated with 2 legal entities: Starconn Mobility Private Limited, Swipe Telecom India Private Limited.

The legal entities of Swipe Technologies currently have 3 directors, including Aman Nandlal Gupta, Shripal Chandrakant Gandhi, Vishal Nandlal Gupta.

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