About Tan90
Tan90 is a Transportation, Automotive & Logistics company based in Chennai (India) founded in 2019 by Karan Sharma, Soumalya Mukherjee, Shiv Sharma, and Rajnikant Rai. Tan90 has raised $7.56 million across 7 funding rounds from investors including Cisco, NABARD and NABVENTURES. The company has 25 employees. Tan90 was last valued at $16.63 million in February 2025. Its chief executive, as recorded, is Karan Sharma. Its Indian entity Tan90 Thermal Solutions Private Limited reported revenue of ₹26.71 Cr. Tan90 offers products and services including Products for Food, Products for Pharma, and CAAS. Its focus areas include Consumer, Logistics Tech, Freight and Cold Chain Monitoring.
Company details
Offers smart cold storage containers. The platform offers storage and packaging solutions to manage the transportation of vegetables, fruits, dairy products, meat, and fish. It offers a micro cold storage box with charging features to store for different hours. The products are available in different temperature ranges.
- Headquarters Chennai, India
- Employees 25
- Founders Karan Sharma, Soumalya Mukherjee, Shiv Sharma, Rajnikant Rai
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website tan90thermal.com
- Social LinkedIn X Facebook
- Legal Name Tan90 Thermal Solutions Private Limited
- Date of Incorporation 08 Jan, 2019
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹26.71 Cr
FY 2025 · +108% YoY
- Net Loss-₹5.34 Cr
FY 2025 · -20% margin
- EBITDA-₹3.96 Cr
FY 2025 · -15% margin
- Total Equity Funding$7.56M (USD)
in 7 rounds
- Latest Funding Round$620.29K (USD), Series A
Apr 2026
- InvestorsCisco
& 16 more
- Employee Count25
Associated legal entities of Tan90
Tan90 operates through Tan90 Thermal Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tan90 Thermal Solutions Private Limited CIN U74999TN2019PTC126786 | Active | 08 Jan 2019 | Chennai, Tamil Nadu | ₹26.7 Cr | 25 | 5 | View details |
Products & Services of Tan90
Tan90 offers a comprehensive portfolio of products and services, including Products for Food, Products for Pharma, and CAAS.
Maintains food texture and taste during transit
Ensures pharmaceuticals stay at targeted temperatures
Provides subscription-based cooling as a service
Funding Insights of Tan90
Tan90 has successfully raised a total of $7.56M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $620.29 thousand completed in April 2026. 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 $7.56M
- Total Rounds 7
- Last Round Series A — $620,292
- First Round $122,766
(Sep 2020)
- Investors Count 17
All 7 funding rounds of Tan90 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 |
|---|---|---|---|---|---|
| Apr 2026 | $620,292 | Series A | – | Equentis Wealth Advisory Services | – |
| May 2025 | $2.34M | Series A | – | NABVENTURES | |
| Feb 2025 | $2.32M | Series A | $16.63M | Blue Ashva Capital | |
| Apr 2023 | $1.37M | Seed | $11.79M | Blue Ashva Capital, Capital A | |
| Apr 2022 | $791,262 | Seed | $••••• | Blue Ashva Capital | |
| Jun 2021 | $57,230 | Grant | – | Social Alpha | |
| Sep 2020 | $122,766 | Seed | $••••• | Social Alpha |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2025 | $16.63M | •••••••• |
| Apr 2023 | $11.79M | •••••••• |
| Apr 2022 | $••••• | •••••••• |
Full valuation and stage history of Tan90
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $16.63M (Feb 2025). 17 investors in total: 11 institutional and 6 angel.
Investors in Tan90
Tan90 has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Cisco, NABARD and NABVENTURES.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment and incubation services in innovative and sustainable sectors. | 2019 | blueashvacapital.com | Singapore, Singapore | |
Venture capital funding is provided to Indian startups. | capital-a.in | Bengaluru, India | ||
Impact investments are directed toward UK and Indian tech companies. | impactinvestmentpartners.com | London, United Kingdom | ||
| 3ipartners.vc | ||||
Investment management for agriculture, food, and rural ventures in India. | 2018 | nabventures.in | Mumbai, India | |
Sustainable startups are supported via innovation curation and venture funding. | socialalpha.org | Bengaluru, India | ||
Early-stage tech startups are supported via venture capital and acceleration. | iimaventures.com | Ahmedabad, India | ||
| equentis.com | ||||
AI and saas based cloud security solutions | 1984 | cisco.com | San Jose, United States | |
Startup incubator | ciie.co | Ahmedabad, India |
Investor details for Tan90
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Tan90 Thermal Solutions Private Limited (Tan90)
Tan90 Thermal Solutions Private Limited is the primary company behind Tan90. The board of Tan90 Thermal Solutions Private Limited currently have 4 directors; the longest-serving is Soumalya Mukherjee, appointed in 2019. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Soumalya Mukherjee DIN 08324655 | Director | 08 Jan 2019 | 7 yrs 9 mo | Tan90 Thermal Solutions Private Limited |
| Rajani Kant Rai DIN 08324656 | Director | 08 Jan 2019 | 7 yrs 9 mo | Tan90 Thermal Solutions Private Limited |
| Shiv Kumar Sharma DIN 08389536 | Director | 03 Sep 2019 | 7 yrs 2 mo | Tan90 Thermal Solutions Private Limited |
| Yash Mahendra Jain DIN 10060239 | Nominee Director | 27 Aug 2024 | 2 yrs 2 mo | Tan90 Thermal Solutions Private Limited |
People of Tan90
8 people are tracked at Tan90 (6 in leadership, 2 in team); the tracked headcount is 25.
| Name | Role | Group |
|---|---|---|
Karan Sharma | Co-Founder & Co-CEO | Leadership |
| Co-Founder & Co-CEO | Leadership | |
| Co-Founder | Leadership | |
Rajnikant Rai | Co-Founder | Leadership |
ABHISHEK KUMAR SHARMA | Head Of Operations | Leadership |
Vishvanath R.k | Channel Partner | Leadership |
Shaji Sidney | Research And Development Engineer | Team |
Sanga Mithran | Manager - International Sales | Team |
Complete people profiles for Tan90
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Tan90
Figures of Tan90 Thermal Solutions Private Limited, the primary company behind Tan90, for FY 2025. Revenue was ₹26.71 Cr (+108% year on year). Net loss was -₹5.34 Cr (-20% margin). EBITDA was -₹3.96 Cr (-15% margin). Revenue has grown at a compounded annual rate of +125% over three years and +175% over five years.
- ₹26.71 CrRevenue · FY 2025 · +108% YoY
- -₹5.34 CrNet loss · -20% margin
- -₹3.96 CrEBITDA · -15% margin
- ₹2.3 LakhPaid-up capital
- 25Employees (provident fund records)
- +125%Revenue CAGR, 3 years
- +175%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Tan90 Thermal Solutions Private Limited are on its company page.
Detailed financial statements for Tan90
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Tan90
4 dated milestones of Tan90 across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Tan90 is founded.
- Funding First funding round of $123K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $620K.
Web traffic of Tan90
The website of Tan90 (tan90thermal.com) receives about 2.3K visits a month.
- Monthly visits2.3K
▼ 8.5% vs previous month
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Tan90 (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Related news about Tan90
Complete news archive for Tan90
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Frequently Asked Questions about Tan90
Tan90 was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Tan90 is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Karan Sharma is the CEO of Tan90, as recorded in our data. They have also founded this company.
Tan90 is a funded company, having raised a total of $7.56M across 7 funding rounds to date. The company's 1st funding round was a Seed of $122.77K, raised on Sep 2020.
Tan90 has 25 employees.
The primary company behind Tan90, Tan90 Thermal Solutions Private Limited, reported revenue of ₹26.71 Cr for FY 2025, up 108% year on year.
Offers smart cold storage containers. The platform offers storage and packaging solutions to manage the transportation of vegetables, fruits, dairy products, meat, and fish. It offers a micro cold storage box with charging features to store for different hours. The products are available in different temperature ranges.
Tan90 offers Products for Food, Products for Pharma, and CAAS.
Tan90 has 17 investors. Key investors include Cisco, NABARD, NABVENTURES, Blue Ashva Capital, and Capital A.
The valuation of Tan90 is $16.63M as of Feb 2025.
Tan90 operates through Tan90 Thermal Solutions Private Limited.
The legal entities of Tan90 currently have 4 directors, including Yash Mahendra Jain, Soumalya Mukherjee, Shiv Kumar Sharma and others.