About Technosport
Technosport is a company based in Bengaluru (India) founded in 2015 by Sunil JhunJhunWala and Sumit Kumar Santhalia.. Technosport has raised $25.54 million across 3 funding rounds from investors including A91 Partners, Prachi Exports and Jeyavishnu Clothing. The company has 418 employees as of April 08, 2024. Technosport operates in a competitive market with competitors including Terractive, TEGO, Silvertraq, Efficult and Gullyactive, among others.
- Headquarter Bengaluru, India
- Employees 418 as on 08 Apr, 2024
- Founders Sunil JhunJhunWala, Sumit Kumar Santhalia
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Techno Sportswear Private Limited
- Date of Incorporation 20 Oct, 2015
- Jurisdiction Tiruppur, Tamil Nadu, India
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Annual Revenue
$34.51 M (USD)28.03as on Mar 31, 2023
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Net Profit
$3.52 M (USD)108.5as on Mar 31, 2023
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EBITDA
$13.01 M (USD)32.7as on Mar 31, 2023
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Total Equity Funding
$25.54 M (USD)
in 3 rounds
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Latest Funding Round
$1.8 M (USD), Seed
Nov 10, 2023
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Investors
A91 Partners
& 13 more
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Employee Count
418
as on Apr 08, 2024
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Funding Insights of Technosport
Technosport has successfully raised a total of $25.54M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.8 million completed in November 2023. 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 3
- Last Round Seed — $1.8M
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First Round
First Round
(06 Apr 2023)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series A - Technosport | Valuation | A91 Partners | |
| Nov, 2023 | Amount | Seed - Technosport | Valuation | Prachiexports , KM Knitwear | |
| Apr, 2023 | Amount | Seed - Technosport | Valuation | Prachiexports |
| 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 Technosport
Technosport has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include A91 Partners, Prachi Exports and Jeyavishnu Clothing. 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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Investment partnerships and support for founders in software, financial services, and consumer sectors.
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Founded Year | Domain | Location | |
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Prachi Exports is engaged in exporting Indian food products.
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Founded Year | Domain | Location | |
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Provides dyeing, printing, and supplying of knitted fabrics with sustainable practices.
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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 Technosport
| 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 - Technosport
| 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 |
Technosport Comparisons
Competitors of Technosport
Technosport 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 Terractive, TEGO, Silvertraq, Efficult and Gullyactive, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Designer and retailer of comfortable, versatile sportswear
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| domain | founded_year | HQ Location |
Premium fitness apparel and accessories are designed and retailed.
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| domain | founded_year | HQ Location |
Women's high-performance activewear is manufactured for active pursuits.
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| domain | founded_year | HQ Location |
Online retailer selling sports wear including T-Shirts, Shorts, and Tracks.
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| domain | founded_year | HQ Location |
Specializes in high-quality technical athletic wear for men.
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| 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 Technosport
Frequently Asked Questions about Technosport
When was Technosport founded?
Technosport was founded in 2015 and raised its 1st funding round 8 years after it was founded.
Where is Technosport located?
Technosport is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Technosport?
Puspen Maity is the current CEO of Technosport.
Is Technosport a funded company?
Technosport is a funded company, having raised a total of $25.54M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.74M, raised on Apr 06, 2023.
How many employees does Technosport have?
As of Apr 08, 2024, the latest employee count at Technosport is 418.
What is the annual revenue of Technosport?
Annual revenue of Technosport is $34.51M as on Mar 31, 2023.
What does Technosport do?
Online brand offering multi-category sportswear for men and women. The product catalog includes t-shirts, polos, sweatshirts, jackets, track pants, and shorts.
Who are the top competitors of Technosport?
Technosport's top competitors include Terractive, Silvertraq and TEGO.
Who are Technosport's investors?
Technosport has 14 investors. Key investors include A91 Partners, Prachi Exports, Jeyavishnu Clothing, KM Knitwear, and K Chandra Sekar.
What is Technosport's valuation?
The valuation of Technosport is $42.19M as of Apr 2023.