About TEGO
TEGO is a company based in Mumbai (India) founded in 2014 by Ashish Naik and Krishna Chandak.. TEGO has raised $482.6 thousand across 2 funding rounds from investors including Sailesh T Desai. TEGO offers products and services including Stance Yoga Mat, Core Shorts, Summit T-Shirt, and Rise Bottle. TEGO operates in a competitive market with competitors including Technosport, Terractive, Silvertraq, Efficult and Gullyactive, among others.
- Headquarter Mumbai, India
- Founders Ashish Naik, Krishna Chandak
- 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
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- Legal Name Asepco Solutions Private Limited
- Date of Incorporation 05 Jun, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$696.28 K (USD)1.85as on Mar 31, 2023
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Net Profit
$-432.41 K (USD)-66.22as on Mar 31, 2023
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EBITDA
$-394.74 K (USD)-40.22as on Mar 31, 2023
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Total Equity Funding
$482.6 K (USD)
in 2 rounds
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Latest Funding Round
$422.7 K (USD), Angel Round
Oct 24, 2019
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Investors
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Employee Count
Employee Count
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Products & Services of TEGO
TEGO offers a comprehensive portfolio of products and services, including Stance Yoga Mat, Core Shorts, Summit T-Shirt, and Rise Bottle. 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.
Provides stability and grip for yoga and workouts.
Comfortable shorts designed for everyday fitness activities.
Breathable T-shirt suitable for various exercise routines.
Insulated bottle that keeps drinks cold for extended periods.
Funding Insights of TEGO
TEGO has successfully raised a total of $482.6K across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $422.7 thousand completed in October 2019. 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 2
- Last Round Angel Round — $422,700
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First Round
First Round
(20 Oct 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2019 | Amount | Angel Round - TEGO | Valuation | Sailesh T Desai |
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| Oct, 2016 | Amount | Angel Round - TEGO | Valuation | Sailesh T Desai |
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| 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 TEGO
TEGO has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Sailesh T Desai. 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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ST
Sailesh T Desai |
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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 TEGO
| 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 - TEGO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Tego Comparisons
Competitors of TEGO
TEGO 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 Technosport, Terractive, 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 |
Online brand offering multi-category sports wear for men and women
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| domain | founded_year | HQ Location |
Designer and retailer of comfortable, versatile sportswear
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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 |
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| 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 Tego
Frequently Asked Questions about TEGO
When was TEGO founded?
TEGO was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is TEGO located?
TEGO is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is TEGO a funded company?
TEGO is a funded company, having raised a total of $482.6K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $59.9K, raised on Oct 20, 2016.
What is the annual revenue of TEGO?
Annual revenue of TEGO is $696.28K as on Mar 31, 2023.
What does TEGO do?
TEGO was founded in 2014 in Mumbai, India, and operates in the fitness apparel sector. Premium clothing and equipment for athletes are designed and retailed through a curated selection. Apparel for men and women, including t-shirts, shorts, sports bras, and yoga pants, is offered alongside accessories such as socks, water bottles, yoga mats, and resistance bands. Kits and packs are provided for streamlined purchasing options.
Who are the top competitors of TEGO?
TEGO's top competitors include Technosport, Terractive and Silvertraq.
What products or services does TEGO offer?
TEGO offers Stance Yoga Mat, Core Shorts, Summit T-Shirt, and Rise Bottle.
Who are TEGO's investors?
TEGO has 1 investor. Key investors include Sailesh T Desai.
What is TEGO's valuation?
The valuation of TEGO is $1.69M as of Oct 2019.
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