About Torchfi
Torchfi is a Retail company based in Bengaluru (India) founded in 2015. Beacon-based marketing and customer engagement solutions are delivered. It operates in the Retail and Technology sectors. Its Indian entity Torchfi India Private Limited reported revenue of ₹10.6 Lakh. Torchfi offers products and services including QR Code Ordering, Online Ordering, and Menu Migrator. Its focus areas include In Store Retail Tech, Marketing, Proximity Marketing and Beacon.
Company details
Beacon-based marketing and customer engagement solution. It offers a digital engagement platform for brands, retailers, restaurants, and shopping malls to engage with customers. It allows users to connect to the WiFi hotspot at the store, which loads an interactive web application. which are supported by IoT routers and cloud-hosted captive portal engines. It also provides a cloud-based analytics platform to collect insights on consumer behavior, product recommendation, customer feedback gathering, and loyalty management.
- Headquarters Bengaluru, India
- SectorsRetailTechnology
- Email••••••••
- Website torchfi.com
- Social LinkedIn X Facebook
- Legal Name Torchfi India Private Limited
- Date of Incorporation 21 Sep, 2018
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹10.6 Lakh
FY 2020 · -27% YoY
- Net Loss-₹22,973
FY 2020 · -2% margin
- EBITDA-₹17,219
FY 2020 · -2% margin
- InvestorsCisco
& 1 more
Associated legal entities of Torchfi
Torchfi operates through Torchfi India Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Torchfi India Private Limited CIN U72900MH2018PTC314584 | Strike Off | 21 Sep 2018 | Mumbai, Maharashtra | ₹0.1 Cr | 2 | View details |
Products & Services of Torchfi
Torchfi offers a comprehensive portfolio of products and services, including QR Code Ordering, Online Ordering, and Menu Migrator.
Enables contactless food ordering for restaurants via scans.
Facilitates web-based food ordering and delivery integrations.
Assists in editing and migrating restaurant menus efficiently.
Funding Insights of Torchfi
- Total Rounds 2
- First Round $10,000
(Jan 2017)
- Investors Count 2
All 2 funding rounds of Torchfi 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 |
|---|---|---|---|---|---|
| May 2018 | Seed | – | Alchemist Accelerator | – | |
| Jan 2017 | $10,000 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Torchfi
Torchfi has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Cisco and Alchemist Accelerator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Enterprise startups are accelerated via a 6-month program. | alchemistaccelerator.com | San Francisco, United States | ||
AI and saas based cloud security solutions | 1984 | cisco.com | San Jose, United States |
Investor details for Torchfi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Torchfi India Private Limited (Torchfi)
Torchfi India Private Limited is the primary company behind Torchfi. The board of Torchfi India Private Limited currently have 2 directors; the longest-serving is Sushil Kumar Patodia, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sushil Kumar Patodia DIN 08234551 | Director | 21 Sep 2018 | 8 yrs 1 mo | Torchfi India Private Limited |
| Vinay Sushil Patodia DIN 00899377 | Director | 21 Sep 2018 | 8 yrs 1 mo | Torchfi India Private Limited |
Financials of Torchfi
Figures of Torchfi India Private Limited, the primary company behind Torchfi, for FY 2020. Revenue was ₹10.6 Lakh (-27% year on year). Net loss was -₹22,973 (-2% margin). EBITDA was -₹17,219 (-2% margin).
- ₹10.6 LakhRevenue · FY 2020 · -27% YoY
- -₹22,973Net loss · -2% margin
- -₹17,219EBITDA · -2% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Torchfi India Private Limited are on its company page.
Detailed financial statements for Torchfi
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Torchfi
3 dated milestones of Torchfi across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Torchfi is founded.
- Funding First funding round of $10K.
- Funding Latest funding round, Seed,.
Web traffic of Torchfi
The website of Torchfi (torchfi.com) receives about 4.3K visits a month.
- Monthly visits4.3K
▲ 104.4% vs previous month
Top companies in Autonomous & In-Store Retail Tech
3 companies that operate in the same segment as Torchfi (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 Torchfi
Complete news archive for Torchfi
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Frequently Asked Questions about Torchfi
Torchfi was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Torchfi is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Torchfi, Torchfi India Private Limited, reported revenue of ₹10.6 Lakh for FY 2020, down 27% year on year.
Beacon-based marketing and customer engagement solution. It offers a digital engagement platform for brands, retailers, restaurants, and shopping malls to engage with customers. It allows users to connect to the WiFi hotspot at the store, which loads an interactive web application. which are supported by IoT routers and cloud-hosted captive portal engines. It also provides a cloud-based analytics platform to collect insights on consumer behavior, product recommendation, customer feedback gathering, and loyalty management.
Torchfi offers QR Code Ordering, Online Ordering, and Menu Migrator.
Torchfi has 2 investors. Key investors include Cisco, and Alchemist Accelerator.
Torchfi operates through Torchfi India Private Limited.
The legal entities of Torchfi currently have 2 directors, including Sushil Kumar Patodia, Vinay Sushil Patodia.