About TESSOL
TESSOL is a company based in Mumbai (India) founded in 2013 by Niranjana Neelakantan and Rajat Gupta.. TESSOL has raised $3.27 million across 5 funding rounds from investors including Ankur Capital, 1Crowd and Sat Industries. The company has 29 employees as of March 22, 2024. TESSOL operates in a competitive market with competitors including Stellar Value Chain, Snowman Logistics, Schedulers, Indicold and CONCOR, among others.
- Headquarter Mumbai, India
- Employees 29 as on 22 Mar, 2024
- Founders Niranjana Neelakantan, Rajat Gupta
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Thermal Energy Service Solutions Private Limited
- Date of Incorporation 07 Feb, 2013
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$1.6 M (USD)22.83as on Mar 31, 2023
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Net Profit
$-277.37 K (USD)-217.84as on Mar 31, 2023
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EBITDA
$-241.1 K (USD)-291.34as on Mar 31, 2023
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Total Equity Funding
$3.27 M (USD)
in 5 rounds
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Latest Funding Round
$1.24 M (USD), Series B
Jun 15, 2022
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Investors
Ankur Capital
& 78 more
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Employee Count
29
as on Mar 22, 2024
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Funding Insights of TESSOL
TESSOL has successfully raised a total of $3.27M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $1.24 million completed in June 2022. 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 5
- Last Round Series B — $1.2M
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First Round
First Round
(11 Aug 2014)
- Investors Count 79
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series B - TESSOL | Valuation | Credentia Trustee | |
| Mar, 2020 | Amount | Series A - TESSOL | Valuation | Piramal Fund Management | |
| Jan, 2018 | Amount | Series A - TESSOL | Valuation | Anirudh Malpani |
| 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 TESSOL
TESSOL has secured backing from 79 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Ankur Capital, 1Crowd and Sat Industries. 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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Investments in early-stage technology-led and consumer businesses.
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Founded Year | Domain | Location | |
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Investments are made in B2B technology startups focusing on climate tech, enterprise SaaS, and deep tech.
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Founded Year | Domain | Location | |
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Fund management and investment services focused on real estate and domestic strategies in India.
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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 TESSOL
| 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 - TESSOL
| 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 |
Tessol Comparisons
Competitors of TESSOL
TESSOL 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 Stellar Value Chain, Snowman Logistics, Schedulers, Indicold and CONCOR, 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 |
Provider of warehousing, cold & supply chain management, and LTL transportation services
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| domain | founded_year | HQ Location |
Integrated temperature-controlled logistics services are provided for sensitive products.
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| domain | founded_year | HQ Location |
Temperature-controlled warehousing and logistics services are offered for perishable goods.
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| domain | founded_year | HQ Location |
End-to-end cold supply chain and warehouse logistics services are provided.
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| domain | founded_year | HQ Location |
Inland container transport by rail and port management are provided.
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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 Tessol
Frequently Asked Questions about TESSOL
When was TESSOL founded?
TESSOL was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is TESSOL located?
TESSOL is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of TESSOL?
Rajat Gupta is the current CEO of TESSOL. They have also founded this company.
Is TESSOL a funded company?
TESSOL is a funded company, having raised a total of $3.27M across 5 funding rounds to date. The company's 1st funding round was a Series A of $567.85K, raised on Aug 11, 2014.
How many employees does TESSOL have?
As of Mar 22, 2024, the latest employee count at TESSOL is 29.
What is the annual revenue of TESSOL?
Annual revenue of TESSOL is $1.6M as on Mar 31, 2023.
What does TESSOL do?
TESSOL was founded in 2013 in Mumbai, India, as a provider of technology solutions in the temperature-controlled logistics and storage sector. Operations focus on end-to-end services that utilize proprietary innovations and phase-change materials to maintain product integrity during transport and storage. Emphasis is placed on environmental sustainability through reduced energy consumption in cold chain applications. The company serves clients requiring reliable preservation for sensitive goods across various industries.
Who are the top competitors of TESSOL?
TESSOL's top competitors include Snowman Logistics, CONCOR and Stellar Value Chain.
Who are TESSOL's investors?
TESSOL has 79 investors. Key investors include Ankur Capital, 1Crowd, Sat Industries, Malpani Ventures, and Mela Ventures.
What is TESSOL's valuation?
The valuation of TESSOL is $12M as of Jun 2022.
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