About TorchIt
TorchIt is a company based in Ahmedabad (India) founded in 2016 by Hunny Bhagchandani and Jagdish Arjandas Bhagchandani. TorchIt has raised $67.1 thousand across 3 funding rounds from investors including Sonal Chauhan and K-Startup Grand Challenge. TorchIt offers products and services including White Cane, Saarthi, Jyoti, and Saksharta Kit. TorchIt operates in a competitive market with competitors including Freedom Scientific, NuEyes, EnChroma, BindiMaps and iMerciv, among others.
- Headquarter Ahmedabad, India
- Founders Hunny Bhagchandani, Jagdish Arjandas Bhagchandani
- Stage Minicorn
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Torchit Electronics Private Limited
- Date of Incorporation 19 Aug, 2016
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$415.26 K (USD)-8.76as on Mar 31, 2023
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Net Profit
$75.9 K (USD)22.91as on Mar 31, 2023
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EBITDA
$83.49 K (USD)25.89as on Mar 31, 2023
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Total Equity Funding
$67.1 K (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
K-Startup Grand Challenge
& 1 more
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Employee Count
Not available
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Products & Services of TorchIt
TorchIt offers a comprehensive portfolio of products and services, including White Cane, Saarthi, Jyoti, and Saksharta Kit.
Device for navigation assistance for visually impaired individuals.
Smart aid for enhancing independence in daily mobility tasks.
AI reader that supports education for visually impaired users.
Comprehensive kit for empowering visually impaired through learning.
People of TorchIt
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Funding Insights of TorchIt
TorchIt has successfully raised a total of $67.1K across 3 strategic funding rounds. 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.
Investors in TorchIt
TorchIt has secured backing from 2 investors, including angel and venture fund investors. Prominent investors backing the company include Sonal Chauhan and K-Startup Grand Challenge.
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Sonal Chauhan |
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Investor details for TorchIt
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Investments & Acquisitions by TorchIt
Investment portfolio details for TorchIt
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Financial Statements - TorchIt
Detailed financials for TorchIt
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Torchit Comparisons
Peer comparison for TorchIt
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Competitors of TorchIt
TorchIt 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 Freedom Scientific, NuEyes, EnChroma, BindiMaps and iMerciv, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Assistive technology products for visually impaired individuals are supplied.
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Visual magnification aids are supplied for sight-impaired individuals.
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Provider of eyewear for color blind people
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Bluetooth-beacon-based indoor navigation is provided for visually impaired users.
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Wearable sensor clip developed for visually impaired obstacle detection.
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Detailed competitors of TorchIt
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Latest news on Torchit
Complete news archive for TorchIt
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Frequently Asked Questions about TorchIt
TorchIt was founded in 2016 and raised its 1st funding round 2 years after it was founded.
TorchIt is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Hunny Bhagchandani is the current CEO of TorchIt. They have also founded this company.
TorchIt is a funded company, having raised a total of $67.1K across 3 funding rounds to date.
Annual revenue of TorchIt is $415.26K as on Mar 31, 2023.
TorchIt was founded in 2016 in Ahmedabad, India, and operates in the assistive technology sector. Mobility devices known as Saarthi are offered to support visually impaired individuals in navigating indoor and outdoor environments. These products incorporate AI and ML technologies to detect obstacles along paths. The company focuses on electronic solutions tailored for accessibility needs.
TorchIt's top competitors include Freedom Scientific, BindiMaps and EnChroma.
TorchIt offers White Cane, Saarthi, Jyoti, and Saksharta Kit.
TorchIt has 2 investors. Key investors include Sonal Chauhan, and K-Startup Grand Challenge.
The valuation of TorchIt is $1.15M as of Mar 2020.