About Syska
Syska is a company based in Pune (India) founded in 2012. It operates as a Direct-to-Consumer (D2C). Syska has raised $62 million across 1 funding round from investors including KIFS Trade Capital, Rare Enterprises and Nishtha Jhunjhunwala Discretionary Trust. The company has 3 employees as of April 09, 2024. Syska offers products and services including LED Lighting, Smart Watches, Personal Care Products, and Home Appliances.
- Headquarter Pune, India
- Employees 3 as on 09 Apr, 2024
- Stage Minicorn
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Sectors
Energy & UtilitiesConsumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Syska Led Lights Private Limited
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$148.76 M (USD)0as on Mar 31, 2022
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Net Profit
$-2.23 M (USD)0as on Mar 31, 2022
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EBITDA
$5.46 M (USD)0as on Mar 31, 2022
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Total Equity Funding
$62 M (USD)
in 1 rounds
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Latest Funding Round
$62 M (USD), Seed
Dec 13, 2021
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Investors
KIFS Trade Capital
& 27 more
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Employee Count
3
as on Apr 09, 2024
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Products & Services of Syska
Syska offers a comprehensive portfolio of products and services, including LED Lighting, Smart Watches, Personal Care Products, and Home Appliances. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
LED bulbs and battens are offered for illumination.
Smart watches are provided for wearable technology needs.
Trimmers and hair dryers are sold for grooming.
Irons and extension cords are available for homes.
Unlock access to complete
Funding Insights of Syska
Syska has successfully raised a total of $62M through 1 strategic funding round. The most recent funding activity was a Seed round of $62 million completed in December 2021. 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 Seed — $62.0M
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First Round
First Round
(13 Dec 2021)
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Syska | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Syska
Syska has secured backing from 28 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include KIFS Trade Capital, Rare Enterprises and Nishtha Jhunjhunwala Discretionary Trust. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Jhunjhunwala family
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Founded Year | Domain | Location | |
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Blockchain and digital assets startups are funded by Connect Capital.
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Founded Year | Domain | Location | |
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Provider of stock trading services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Syska
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Syska
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Syska Comparisons
Competitors of Syska
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Syska
Frequently Asked Questions about Syska
When was Syska founded?
Syska was founded in 2012 and raised its 1st funding round 9 years after it was founded.
Where is Syska located?
Syska is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Is Syska a funded company?
Syska is a funded company, having raised a total of $62M across 1 funding round to date. The company's 1st funding round was a Seed of $62M, raised on Dec 13, 2021.
How many employees does Syska have?
As of Apr 09, 2024, the latest employee count at Syska is 3.
What is the annual revenue of Syska?
Annual revenue of Syska is $148.76M as on Mar 31, 2022.
What does Syska do?
Syska is involved in the production and distribution of a wide range of electronic and lighting solutions. The company offers products such as LED lighting, smart lights, personal care items, home appliances, and accessories like smart watches. Operations are focused on providing innovative and efficient solutions for home improvement and personal needs. Products are made in India, catering to the domestic market with a strong emphasis on quality and accessibility. Various sectors including consumer electronics and personal care are served through an online platform and exclusive lounge stores.
What products or services does Syska offer?
Syska offers LED Lighting, Smart Watches, Personal Care Products, and Home Appliances.
Who are Syska's investors?
Syska has 28 investors. Key investors include KIFS Trade Capital, Rare Enterprises, Nishtha Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust, and Aryaman Jhunjhunwala Discretionary Trust.
What is Syska's valuation?
The valuation of Syska is $142.94M as of Dec 2021.