About TUNGA
TUNGA is a company based in Chennai (India) founded in 2020 by Ramesh Madhavan and Ganeshram Nandakumar.. TUNGA has raised $1.24 million across 2 funding rounds from investors including Kanav Kumar Gupta, Krishan Gupta and Anil Gupta. The company has 46 employees as of March 31, 2024.
- Headquarter Chennai, India
- Employees 46 as on 31 Mar, 2024
- Founders Ramesh Madhavan, Ganeshram Nandakumar
- Stage Minicorn
-
Sectors
Aerospace, Defense & Maritime
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Tunga Aerospace Industries Private Limited
- Date of Incorporation 16 Dec, 2015
- Jurisdiction Chennai City Corporation, Tamil Nadu, India
-
Annual Revenue
$989.95 K (USD)613.65as on Mar 31, 2023
-
Net Profit
$11.42 K (USD)103.27as on Mar 31, 2023
-
EBITDA
$128.88 K (USD)138.75as on Mar 31, 2023
-
Total Equity Funding
$1.24 M (USD)
in 2 rounds
-
Latest Funding Round
$879.42 K (USD), Angel Round
Feb 12, 2024
-
Investors
& 28 more
-
Employee Count
46
as on Mar 31, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of TUNGA
TUNGA has successfully raised a total of $1.24M across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $879.42 thousand completed in February 2024. 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 Angel Round — $879,416
-
First Round
First Round
(18 Feb 2023)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Angel Round - TUNGA | Valuation |
investors |
|
| Feb, 2023 | Amount | Angel Round - TUNGA | Valuation | Muruganandam Sundaram |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TUNGA
TUNGA has secured backing from 29 investors, including angel investors. Prominent investors backing the company include Kanav Kumar Gupta, Krishan Gupta and Anil Gupta. 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 |
|---|---|---|---|---|
|
KK
Kanav Kumar Gupta |
-
|
Founded Year | Domain | Location |
|
KG
Krishan Gupta |
Angel investor and entrepreneur, focused on tech startups in India.
|
Founded Year | Domain | Location |
|
AG
Anil Gupta |
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by TUNGA
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - TUNGA
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tunga Comparisons
Competitors of TUNGA
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about TUNGA
When was TUNGA founded?
TUNGA was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is TUNGA located?
TUNGA is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Is TUNGA a funded company?
TUNGA is a funded company, having raised a total of $1.24M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $362.33K, raised on Feb 18, 2023.
How many employees does TUNGA have?
As of Mar 31, 2024, the latest employee count at TUNGA is 46.
What is the annual revenue of TUNGA?
Annual revenue of TUNGA is $989.95K as on Mar 31, 2023.
What does TUNGA do?
TUNGA was founded in 2020 and is headquartered in Chennai, India. UAVs are designed, developed, and produced indigenously by the company for commercial and mission-critical uses in defense and enterprise fields. Operations focus on systems that enable straightforward deployment and allow payload adjustments to meet specific needs. The sector involves aerospace technology tailored to operational requirements.
Who are TUNGA's investors?
TUNGA has 29 investors. Key investors include Kanav Kumar Gupta, Krishan Gupta, Anil Gupta, Dheeraj Khurana, and Aarushi Gupta.
What is TUNGA's valuation?
The valuation of TUNGA is $12.09M as of Feb 2024.