About upliance
upliance is a company based in Bengaluru (India) founded in 2021 by Mohit Sharma and Mahek Mody. upliance has raised $5.72 million across 3 funding rounds from investors including Angel List, Khosla Ventures and Rukam Capital. The company has 20 employees. upliance operates in a competitive market with competitors including Mechanical Chef, Generation Infinite Machines, Dosamatic, Buchuk and Aufla, among others.
- Headquarter Bengaluru, India
- Employees 20
- Founders Mohit Sharma, Mahek Mody
- Stage Minicorn
- SectorsConsumerRetail Technology
- Website category Finance · Investing
- Email••••••••
- Phone•••• ••••
- Website upliance.ai
- Social LinkedIn X Instagram YouTube
- Legal Name React Labs Private Limited
- Date of Incorporation 17 Jun, 2021
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹3.43 Cr
FY 2024 · +409% YoY
- Net Loss-₹4.40 Cr
FY 2024 · -128% margin
- EBITDA-₹4.17 Cr
FY 2024 · -122% margin
- Total Equity Funding$5.72M (USD)
in 3 rounds
- InvestorsAngel List
& 33 more
- Employee Count20
Associated legal entities of upliance
upliance operates through React Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| React Labs Private Limited CIN U72900MH2021PTC362284 | Active | 17 Jun 2021 | Mumbai, Maharashtra | ₹3.4 Cr | 20 | 2 | View details |
Apps and channels of upliance
its YouTube channel upliance ai has 8.34K subscribers and 30 videos.
Videos from upliance
The most watched videos on upliance's YouTube channel, upliance ai (8.34K subscribers). Click a video to play it here.
More on upliance ai.
Funding Insights of upliance
upliance has successfully raised a total of $5.72M 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.
- Total Funding $5.72M
- Total Rounds 3
- First Round $1.62M
(Dec 2021)
- Investors Count 34
All 3 funding rounds of upliance 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 |
|---|---|---|---|---|---|
| Jul 2024 | – | Grant | – | – | |
| Dec 2023 | $4.1M | Seed | $15.35M | Khosla Ventures | |
| Dec 2021 | $1.62M | Seed | $6.32M | Draper Associates, Rainmatter |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2023 | $15.35M | •••••••• |
| Dec 2021 | $6.32M | •••••••• |
Last known valuation $15.35M (Dec 2023). 34 investors in total: 9 institutional and 25 angel.
Investors in upliance
upliance has secured backing from 34 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Khosla Ventures and Rukam Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are funded by this venture capital firm. | 2004 | khoslaventures.com | Menlo Park, United States | |
Early-stage technology companies receive venture capital investments. | – | draper.vc | San Mateo, United States | |
Early-stage investment in consumer brands, focusing on bold ideas and founders. | 2019 | rukamcapital.com | Delhi, India | |
Tech startups are funded by a group of angel investors. | – | stanfordangels.co.in | Mumbai, India | |
Indian fund focused on fintech, health, and climate initiatives. | – | rainmatter.com | Bengaluru, India | |
Private debt fund focused on multiple sectors | – | bigleapinnovations.tcc.mode | Surat, India | |
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
Startup jobs are connected to seekers via an online platform. | – | angel.co | San Francisco, United States | |
- | – | googleforstartups.tcc.mode | - | |
JH Jinesh Haresh Shah | - | – | unknown_6296fb5cde874c42a | - |
Investor details for upliance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of React Labs Private Limited (upliance)
React Labs Private Limited is the primary company behind upliance. The board of React Labs Private Limited currently have 2 directors; the longest-serving is Mohit Sharma, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mohit Sharma DIN 09206728 | Director | 17 Jun 2021 | 5 yrs 3 mo | React Labs Private Limited |
| Mahek Chirag Mody DIN 09206727 | Director | 17 Jun 2021 | 5 yrs 3 mo | React Labs Private Limited |
People of upliance
8 people are tracked at upliance (2 in leadership, 6 in team); the tracked headcount is 20.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership | |
Praveen C K | Electronics Design Lead - Consultant | Team |
Amrutha Manjappa | Technical Product Manager | Team |
Anuj Mukeshkumar Daftery | Legal Advisor | Team |
Ankush Singh | Software Developer | Team |
Anushruti Shresth | Software Engineer | Team |
Prasoon Pradeep | Hardware Engineering Manager | Team |
Complete people profiles for upliance
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of upliance
Figures of React Labs Private Limited, the primary company behind upliance, for FY 2024. Revenue was ₹3.43 Cr (+409% year on year). Net loss was -₹4.40 Cr (-128% margin). EBITDA was -₹4.17 Cr (-122% margin).
- ₹3.43 CrRevenue · FY 2024 · +409% YoY
- -₹4.40 CrNet loss · -128% margin
- -₹4.17 CrEBITDA · -122% margin
- ₹7.2 LakhPaid-up capital
- 20Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of React Labs Private Limited are on its company page.
Detailed financial statements for upliance
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of upliance
4 dated milestones of upliance across 3 years, from founding to its latest funding, stage changes and deals.
- Founded upliance is founded.
- Funding First funding round of $1.6M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Grant,.
Competitors of upliance
upliance 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 Mechanical Chef, Generation Infinite Machines, Dosamatic, Buchuk and Aufla, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mechanicalchef.com | 2016 | Bengaluru, India | – | – | A smartphone-connected robot for cooking Indian cuisine is provided. | |
| generationinfinite.com | 2017 | Bengaluru, India | $135,869 | – | IoT-based smart cooking machines are provided with automated features. | |
| dosamatic.com | 2013 | Bengaluru, India | – | 99 | Automated dosa-making machines are supplied by Dosamatic. | |
| buchuk.in | 2018 | Hyderabad, India | – | – | Automated food cooking machines are offered via an IoT platform. | |
| aufla.in | 2019 | Solapur, India | – | – | Runs a direct-to-consumer brand for electric cookers. | |
| makermatics.com | 2019 | Bengaluru, India | – | – | Develops innovative technologies, including automated cooking machines, to enhance kitchen efficiency. |
Detailed competitors of upliance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of upliance
The website of upliance (upliance.ai) receives about 111.2K visits a month and ranks #419,876 among all websites worldwide, #4,293 in Investing.
- Monthly visits111.2K
▲ 32.2% vs previous month
- Unique visitors44.8K
per month
- Global rank#419,876
among all websites
- Category rank#4,293
Finance · Investing
- Bounce rate53%
- Pages per visit2.3
- Average visit2 min 31 sec
- DevicesDesktop 13% · Mobile 87%
Latest news on Upliance
Complete news archive for upliance
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to upliance
10 companies that operate in the same segment as upliance (Food & Beverage Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform food ordering and delivery service | 2008 | Gurugram, Haryana, India | USD 1.69 B | USD 5.79 B | 7,780 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
Food and market delivery services are provided by iFood. | 2011 | Sao Paulo, Brazil | USD 590.8 M | – | – | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 1.15 B | USD 6.15 B | 5,700 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – | |
Food delivery services are offered in major Indian cities. | 2012 | Mumbai, Maharashtra, India | USD 97.72 M | USD 39.01 M | 3,150 |
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Frequently Asked Questions about upliance
upliance was founded in 2021.
upliance is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Mahek Mody is the current CEO of upliance. They have also founded this company.
upliance is a funded company, having raised a total of $5.72M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.62M, raised on Dec 2021.
upliance has 20 employees.
The primary company behind upliance, React Labs Private Limited, reported revenue of ₹3.43 Cr for FY 2024, up 409% year on year.
Manufacturer of AI-powered automated cooking appliances. These appliances automate multiple cooking functions, including chopping, stirring, and cooking complete meals within a single jar. The devices utilize patented technology for optimal nutrition retention and feature touchscreen interfaces with built-in recipes and step-by-step instructions. Connectivity features enable software updates, recipe additions, and remote control via a mobile application. The appliances are designed for ease of use and require minimal user interaction during the cooking process. A warranty covers manufacturing defects, and extended software support is provided.
upliance's top competitors include Dosamatic, Generation Infinite Machines and Mechanical Chef.
upliance has 34 investors. Key investors include Angel List, Khosla Ventures, Rukam Capital, Draper Associates, and Jinesh Haresh Shah.
The valuation of upliance is $15.35M as of Dec 2023.
upliance operates through React Labs Private Limited.
The legal entities of upliance currently have 2 directors, including Mohit Sharma, Mahek Chirag Mody.