About Thingsup
Thingsup is a company based in Pune (India) founded in 2016 by Akshay J Ghadage and Pranav H Naiknavare. Thingsup has raised $700 thousand across 2 funding rounds from investors including Lead Angels, Udyat and Silverneedle Ventures. The company has 29 employees. Thingsup offers products and services including IoT Platform, Cold Chain Monitoring, Electric Vehicle Monitoring, and Energy Monitoring System. Thingsup operates in a competitive market with competitors including PubNub, Controlant, Seebo, ThingWorx and Winjit, among others.
- Headquarter Pune, India
- Employees 29
- Founders Akshay J Ghadage, Pranav H Naiknavare
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website thingsup.io
- Social LinkedIn X Facebook
- Legal Name Iobot Technologies India Private Limited
- Date of Incorporation 01 Nov, 2016
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹6.04 Cr
FY 2024 · +18% YoY
- Net Loss-₹65.3 Lakh
FY 2024 · -11% margin
- EBITDA-₹59.7 Lakh
FY 2024 · -10% margin
- Total Equity Funding$700K (USD)
in 2 rounds
- Latest Funding Round$600K (USD), Seed
Dec 2022
- InvestorsLead Angels
& 24 more
- Employee Count29
Associated legal entities of Thingsup
Thingsup operates through Iobot Technologies India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Iobot Technologies India Private Limited CIN U72900PN2016PTC166992 | Active | 01 Nov 2016 | Pune, Maharashtra | ₹6.0 Cr | 29 | 3 | View details |
Products & Services of Thingsup
Thingsup offers a comprehensive portfolio of products and services, including IoT Platform, Cold Chain Monitoring, Electric Vehicle Monitoring, and Energy Monitoring System.
Platform for managing and analyzing IoT devices in real time
System for remote temperature tracking of perishable goods
Tool for real-time battery health and route optimization
Solution for tracking and optimizing energy usage in facilities
Funding Insights of Thingsup
Thingsup has successfully raised a total of $700K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $600 thousand completed in December 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 $700,000
- Total Rounds 2
- Last Round Seed — $600,000
- First Round $100,000
(Apr 2021)
- Investors Count 25
All 2 funding rounds of Thingsup 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 |
|---|---|---|---|---|---|
| Dec 2022 | $600,000 | Seed | $3.58M | Silverneedle Ventures, Udyat | |
| Apr 2021 | $100,000 | Seed | $1.09M | Surya Kumari Namburi |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2022 | $3.58M | •••••••• |
| Apr 2021 | $1.09M | •••••••• |
Last known valuation $3.58M (Dec 2022). 25 investors in total: 6 institutional and 19 angel.
Investors in Thingsup
Thingsup has secured backing from 25 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Lead Angels, Udyat and Silverneedle Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund | – | silverneedle.vc | Hyderabad, India | |
Investment in high-growth startups and angel funding services in India. | 2014 | leadangels.in | Mumbai, India | |
Early-stage tech investments are focused on by GSF in India. | – | gsfindia.com | Delhi, India | |
Venture capital fund investment in consumer beauty brands | – | schoolofdesignandenterpreneurship.tcc.mode | Faridabad, India | |
Bro138 is recognized as a trusted online slot platform in Indonesia. | – | gsfaccelerator.com | Delhi, India | |
Supplies water and delivers waste management services. | 2020 | udyat.com | Noida, India | |
RS Rajesh Sawhney | Founder of GSF Accelerator, angel investor, ex-President of Reliance Entertainment | – | unknown_a1071f3f7173459d9 | - |
DA Dinesh Agarwal | Founder of IndiaMART, prominent angel investor in Indian startups | – | unknown_9dc9eb8ee0724cc4b | - |
GK Gaurav Kapur | - | – | unknown_b178daeb5ddd407fa | - |
JM J Murugavel | - | – | unknown_abf4b28dfd8d42d5a | - |
Investor details for Thingsup
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Iobot Technologies India Private Limited (Thingsup)
Iobot Technologies India Private Limited is the primary company behind Thingsup. The board of Iobot Technologies India Private Limited currently have 3 directors; the longest-serving is Pranav Hanumant Naiknavare, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pranav Hanumant Naiknavare DIN 07628887 | Director | 01 Nov 2016 | 9 yrs 11 mo | Iobot Technologies India Private Limited |
| Akshay Jaihind Ghadage DIN 07628928 | Director | 01 Nov 2016 | 9 yrs 11 mo | Iobot Technologies India Private Limited |
| Rahul Gupta DIN 00024732 | Director | 02 Jan 2023 | 3 yrs 9 mo | Iobot Technologies India Private Limited |
People of Thingsup
6 people are tracked at Thingsup (4 in leadership, 2 in team); the tracked headcount is 29.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & CTO | Leadership | |
| Chief Executive Officer | Leadership | |
| Co-founder | Leadership | |
Abhay Pandey | Senior Business Development Manager / Senior Iot Consultant | Team |
Rucha Shinde | EV Iot Consultant | Team |
Complete people profiles for Thingsup
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Thingsup
Figures of Iobot Technologies India Private Limited, the primary company behind Thingsup, for FY 2024. Revenue was ₹6.04 Cr (+18% year on year). Net loss was -₹65.3 Lakh (-11% margin). EBITDA was -₹59.7 Lakh (-10% margin). Revenue has grown at a compounded annual rate of +112% over three years and +58% over five years.
- ₹6.04 CrRevenue · FY 2024 · +18% YoY
- -₹65.3 LakhNet loss · -11% margin
- -₹59.7 LakhEBITDA · -10% margin
- ₹1.4 LakhPaid-up capital
- 29Employees (provident fund records)
- +112%Revenue CAGR, 3 years
- +58%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Iobot Technologies India Private Limited are on its company page.
Detailed financial statements for Thingsup
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Thingsup
4 dated milestones of Thingsup across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Thingsup is founded.
- Funding First funding round of $100K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $600K.
Competitors of Thingsup
Thingsup 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 PubNub, Controlant, Seebo, ThingWorx and Winjit, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pubnub.com | 2010 | San Francisco, United States | $134.6M | 55 | Real-time app development is facilitated via cloud-based infrastructure. | |
| controlant.com | 2007 | Reykjavik, Iceland | $92.47M | 15 | Cloud-based visibility is offered for cold chain supply management. | |
| seebo.com | 2012 | Tel Aviv, Israel | $40.5M | – | Cloud-based digital twin platform for IoT lifecycle management is provided. | |
| thingworx.com | 2009 | Boston, United States | $18.4M | 2,559 | Platform to build and run applications for connected devices | |
| winjit.com | 2004 | Nashik, India | $2.93M | 916 | IoT application development platform and mobility solutions are provided. | |
| clearblade.com | 2007 | Austin, United States | $12.84M | 37 | Provider of cloud-based edge computing platform | |
| dongpin.cn | 2015 | Fuzhou, China | $39.49M | – | B2B frozen food supply chain is enabled via mobile platform. | |
| losant.com | 2015 | Cincinnati, United States | $25.21M | 15 | Cloud-based platform for IoT application development is provided. | |
| sensitech.com | 1990 | Beverly, United States | – | – | Cold-chain visibility solutions are provided for perishables. | |
| golioth.io | 2020 | San Francisco, United States | $7.5M | 9 | Infrastructure for IoT device connection, management, and deployment is provided. |
Detailed competitors of Thingsup
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Thingsup
The website of Thingsup (thingsup.io) receives about 2K visits a month.
- Monthly visits2K
▼ 22.4% vs previous month
Websites whose visitors overlap most with Thingsup. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
automationmag.com | automationmag.com | 100% | – | #2,257,572 | – |
| leccygenesis.com | 97% | – | #1,864,164 | View details | |
| messung.com | 94% | 1.7K | #9,099,901 | View details |
Latest news on Thingsup
Complete news archive for Thingsup
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Thingsup
10 companies that operate in the same segment as Thingsup (Industrial IoT & Smart Manufacturing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 3,500 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 | |
Wireless security platform for IoT applications is provided. | 2015 | Palo Alto, California, United States | USD 1.17 B | – | – | |
Blockchain-based connectivity for IoT applications is facilitated. | 2017 | Menlo Park, California, United States | USD 50 M | – | – | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based smart locks for residential and commercial access are provided. | 2014 | New York, New York, United States | USD 158.55 M | USD 70.12 M | – | |
Keyless smart locks are developed for consumer and commercial applications. | 2015 | Singapore, Singapore | USD 32.28 M | – | – | |
Provider of cyber security solutions for asset visibility and threat management | 2000 | San Jose, California, United States | USD 120.28 M | USD 4.03 M | 136 | |
Mesh-based connectivity solutions for IoT applications are provided. | 2014 | San Francisco, California, United States | USD 90 M | – | – |
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Frequently Asked Questions about Thingsup
Thingsup was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Thingsup is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Akshay J Ghadage is the current CEO of Thingsup. They have also founded this company.
Thingsup is a funded company, having raised a total of $700K across 2 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Apr 2021.
Thingsup has 29 employees.
The primary company behind Thingsup, Iobot Technologies India Private Limited, reported revenue of ₹6.04 Cr for FY 2024, up 18% year on year.
Thingsup was founded in 2016 in Pune, India, focusing on the IoT and cloud sector for supply chain management. Solutions for monitoring electric vehicles, assets, temperature, humidity, cold chains, and fuel are delivered. Operations center on visibility tools that track and manage logistics in real-time, serving industries requiring precise environmental and asset oversight across various geographies.
Thingsup's top competitors include Winjit, PubNub and Controlant.
Thingsup offers IoT Platform, Cold Chain Monitoring, Electric Vehicle Monitoring, and Energy Monitoring System.
Thingsup has 25 investors. Key investors include Lead Angels, Udyat, Silverneedle Ventures, GSF India, and Rajesh Sawhney.
The valuation of Thingsup is $3.58M as of Dec 2022.
Thingsup operates through Iobot Technologies India Private Limited.