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 as of April 05, 2024. 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 as on 05 Apr, 2024
- Founders Akshay J Ghadage, Pranav H Naiknavare
- Stage Minicorn
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Sectors
Technology
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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 Iobot Technologies India Private Limited
- Date of Incorporation 01 Nov, 2016
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$122.69 K (USD)60.96as on Mar 31, 2022
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Net Profit
$-40.46 K (USD)-428.17as on Mar 31, 2022
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EBITDA
$-39.81 K (USD)-507.08as on Mar 31, 2022
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Total Equity Funding
$700 K (USD)
in 2 rounds
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Latest Funding Round
$600 K (USD), Seed
Dec 13, 2022
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Investors
Lead Angels
& 24 more
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Employee Count
29
as on Apr 05, 2024
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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. 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.
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
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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 Total Funding
- Total Rounds 2
- Last Round Seed — $600,000
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First Round
First Round
(28 Apr 2021)
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Seed - Thingsup | Valuation | Silverneedle Ventures , Udyat | |
| Apr, 2021 | Amount | Seed - Thingsup | Valuation | Surya Kumari Namburi |
| 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 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. 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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Venture capital fund
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Founded Year | Domain | Location | |
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Investment in high-growth startups and angel funding services in India.
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Founded Year | Domain | Location | |
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Early-stage tech investments are focused on by GSF 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 Thingsup
| 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 - Thingsup
| 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 |
Thingsup Comparisons
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. 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 |
Real-time app development is facilitated via cloud-based infrastructure.
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| domain | founded_year | HQ Location |
Cloud-based visibility is offered for cold chain supply management.
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| domain | founded_year | HQ Location |
Cloud-based digital twin platform for IoT lifecycle management is provided.
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| domain | founded_year | HQ Location |
Platform to build and run applications for connected devices
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| domain | founded_year | HQ Location |
IoT application development platform and mobility solutions are provided.
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| domain | founded_year | HQ Location |
Provider of cloud-based edge computing platform
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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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Frequently Asked Questions about Thingsup
When was Thingsup founded?
Thingsup was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is Thingsup located?
Thingsup is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Thingsup?
Akshay J Ghadage is the current CEO of Thingsup. They have also founded this company.
Is Thingsup a funded 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 28, 2021.
How many employees does Thingsup have?
As of Apr 05, 2024, the latest employee count at Thingsup is 29.
What is the annual revenue of Thingsup?
Annual revenue of Thingsup is $122.69K as on Mar 31, 2022.
What does Thingsup do?
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.
Who are the top competitors of Thingsup?
Thingsup's top competitors include Winjit, PubNub and Controlant.
What products or services does Thingsup offer?
Thingsup offers IoT Platform, Cold Chain Monitoring, Electric Vehicle Monitoring, and Energy Monitoring System.
Who are Thingsup's investors?
Thingsup has 25 investors. Key investors include Lead Angels, Udyat, Silverneedle Ventures, GSF India, and Rajesh Sawhney.
What is Thingsup's valuation?
The valuation of Thingsup is $3.58M as of Dec 2022.