About ThreadSol
ThreadSol is a Retail company based in Delhi (India) founded in 2012, and was acquired by Coats in December 2018. Material planning software for apparel is optimized using AI. ThreadSol has raised $208.65 thousand across 1 funding round from investors including Mumbai Angels, Coats and Texport. ThreadSol was last valued at $707.37 thousand in March 2014. Its focus areas include In Store Retail Tech, Category specific IT suite and Apparel Stores.
Company details
ThreadSol was founded in 2012 and is based in Delhi, India. Software tools for material planning and optimization are developed for the apparel and textiles sectors. Utilization of materials and productivity levels are measured, predicted, and improved through AI-driven solutions. Operations focus on supporting businesses in these industries with data-based efficiency enhancements.
- Headquarters Delhi, India
- Stage Acquired
- SectorsRetail
- Website threadsol.com
- Social X
- Acquired by Coats (Dec 2018)
- Annual Revenue$480.69 K (USD)-52as on Mar 31, 2017
- Net Profit-$51.15 K (USD)41as on Mar 31, 2018
- EBITDA-$30.05 K (USD)39as on Mar 31, 2018
- Total Equity Funding$208.65K (USD)
in 1 rounds
- Latest Funding Round$208.65K (USD), Seed
Mar 2014
- InvestorsMumbai Angels
& 9 more
- Acquired byCoats
(Dec 2018)
Associated legal entities of ThreadSol
ThreadSol is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Intellosol Softwares India Private Limited CIN U72200DL2015FTC287649 | Active | 20 Nov 2015 | New Delhi, Delhi | ₹14.5 Cr | 58 | 2 | View details |
| Teak Softwares Private Limited CIN U72200DL2012PTC232332 | Strike Off | 02 Mar 2012 | Delhi, Delhi | 2 | 2 | View details |
Funding Insights of ThreadSol
ThreadSol has successfully raised a total of $208.65K through 1 strategic funding round. The most recent funding activity was a Seed round of $208.65 thousand completed in March 2014. 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 $208,654
- Total Rounds 1
- Last Round Seed — $208,654
- First Round $208,654
(Mar 2014)
- Investors Count 9
All 1 funding rounds of ThreadSol 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 |
|---|---|---|---|---|---|
| Mar 2014 | $208,654 | Seed | $707,371 | Blume Ventures |
Last known valuation $707,371 (Mar 2014). 10 investors in total: 6 institutional and 4 angel.
Investors in ThreadSol
ThreadSol has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Mumbai Angels, Coats and Texport.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments and mentoring services are conducted by Astir Ventures in various locations. | astir.vc | San Jose, United States | ||
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Early-stage venture investments are facilitated by Mumbai Angels network. | 2006 | mumbaiangels.com | Mumbai, India | |
Manufactures and exports readymade garments and home furnishings sustainably. | 1993 | indian-designs.com | Bengaluru, India | |
Contract manufacturing of fabrics is handled by Texport in India. | 1978 | texport.com | Bengaluru, India | |
Industrial thread is manufactured by Coats for global industries. | 1755 | coats.com | Uxbridge, United Kingdom | |
RA Rajan Anandan | Managing Director at Peak XV, ex-Google India head, prolific angel investor | unknown_dd941e5a35bd476a8 | ||
AD Amit Dalmia | Angel investor, ex-Blackstone executive, focused on Indian startups | unknown_ca1924f7c0dd43599 | ||
KG Kishore Ganji | Angel investor, entrepreneur, focused on tech startups, based in India and US. | unknown_2c4b12928e814da6b | ||
AD Ashish Dahiya | unknown_1952288c483f4f498 |
Investor details for ThreadSol
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of ThreadSol
The boards of the 2 registered companies of ThreadSol currently have 4 directors; the longest-serving is Anzar Abbas, appointed in 2016. 21 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anzar Abbas DIN 07586526 | Director | 10 Aug 2016 | 10 yrs 2 mo | Teak Softwares Private Limited |
| Srajan Saxena Kumar DIN 07586532 | Director | 10 Aug 2016 | 10 yrs 2 mo | Teak Softwares Private Limited |
| Adrian John Elliott DIN 08434521 | Director | 13 May 2019 | 7 yrs 5 mo | Intellosol Softwares India Private Limited |
| Kunal Kapur DIN 02335683 | Director | 21 Aug 2023 | 3 yrs 2 mo | Intellosol Softwares India Private Limited |
Financials of ThreadSol
Figures of Intellosol Softwares India Private Limited, the primary company behind ThreadSol, for FY 2022. Revenue was ₹14.53 Cr (+2% year on year). Net profit was ₹1.94 Cr (14% margin). EBITDA was ₹1.86 Cr. Revenue has grown at a compounded annual rate of -11% over three years and +14% over five years.
- ₹14.53 CrRevenue · FY 2022 · +2% YoY
- ₹1.94 CrNet profit · 14% margin
- ₹1.86 CrEBITDA
- ₹3.3 LakhPaid-up capital
- 58Employees (provident fund records)
- -11%Revenue CAGR, 3 years
- +14%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Intellosol Softwares India Private Limited are on its company page.
Detailed financial statements for ThreadSol
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 ThreadSol
3 dated milestones of ThreadSol across 6 years, from founding to its latest funding, stage changes and deals.
- Founded ThreadSol is founded.
- Funding First funding round of $209K.
- Exit Acquired by Coats.
Top companies in Autonomous & In-Store Retail Tech
3 companies that operate in the same segment as ThreadSol (Autonomous & In-Store Retail Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based bookkeeping solutions are offered for small business management. | 2018 | Bengaluru, Karnataka, India | USD 186.62 M | USD 165.88 K | ||
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 | |
Platform powering online and in-store retail operations using AI-driven tools | 2012 | Mumbai, Maharashtra, India | USD 16.02 M | USD 43.86 M | 851 |
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Related news about Threadsol
Complete news archive for ThreadSol
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Frequently Asked Questions about ThreadSol
ThreadSol was founded in 2012 and raised its 1st funding round 2 years after it was founded.
ThreadSol is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
ThreadSol is a funded company, having raised a total of $208.65K across 1 funding round to date. The company's 1st funding round was a Seed of $208.65K, raised on Mar 2014.
Annual revenue of ThreadSol is $480.69K as on Mar 31, 2017.
ThreadSol was founded in 2012 and is based in Delhi, India. Software tools for material planning and optimization are developed for the apparel and textiles sectors. Utilization of materials and productivity levels are measured, predicted, and improved through AI-driven solutions. Operations focus on supporting businesses in these industries with data-based efficiency enhancements.
ThreadSol has 10 investors. Key investors include Mumbai Angels, Coats, Texport, Astir Ventures, and Indian Designs Exports.
The valuation of ThreadSol is $707.37K as of Mar 2014.
ThreadSol is associated with 2 legal entities: Teak Softwares Private Limited, Intellosol Softwares India Private Limited.
Yes. ThreadSol was acquired by Coats in December 2018.
The legal entities of ThreadSol currently have 4 directors, including Anzar Abbas, Srajan Saxena Kumar, Kunal Kapur and others.