About UrbanMatrix
UrbanMatrix is an Aerospace, Defense & Maritime company based in Bengaluru (India) founded in 2019 by Ashutosh Kumar, Divyanshu Pundir, and Rishabh Verma. AI-driven hardware and software for drone control are developed. UrbanMatrix has raised $1.24 million across 2 funding rounds from investors including LetsVenture, O2 Angels Network and SARA ELGI. UrbanMatrix was last valued at $3.31 million in July 2021. Its chief executive, as recorded, is Rishabh Verma. Its Indian entity Urbanmatrix Technologies Private Limited reported revenue of ₹1.54 Cr. Its focus areas include High Tech, Drones, Commercial Drones and Aerial Surveying.
Company details
UrbanMatrix was founded in 2019 in Bengaluru, India, focusing on the drone technology sector. AI-based hardware and software solutions are provided for drone control and management. Micro drones are offered to industries for capturing and processing aerial data, enabling real-time decision-making. Tools for drone operations and functional insights from aerial data are accessible through the platform.
- Headquarters Bengaluru, India
- Founders Ashutosh Kumar, Divyanshu Pundir, Rishabh Verma
- Stage Minicorn
- SectorsAerospace, Defense & Maritime
- Email••••••••
- Phone•••• ••••
- Website urbanmatrix.co.in
- Social LinkedIn X Facebook
- Legal Name Urbanmatrix Technologies Private Limited
- Date of Incorporation 05 Aug, 2019
- Jurisdiction Bhopal, Madhya Pradesh, India
- Annual Revenue₹1.54 Cr
FY 2024 · +691% YoY
- Net Loss-₹3.17 Cr
FY 2024 · -206% margin
- EBITDA-₹3.17 Cr
FY 2024 · -206% margin
- Total Equity Funding$1.24M (USD)
in 2 rounds
- Latest Funding Round$721.75K (USD), Seed
Oct 2023
- InvestorsLetsVenture
& 24 more
Associated legal entities of UrbanMatrix
UrbanMatrix operates through Urbanmatrix Technologies 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 |
|---|---|---|---|---|---|---|---|
| Urbanmatrix Technologies Private Limited CIN U72900MP2019PTC049276 | Active | 05 Aug 2019 | Bhopal, Madhya Pradesh | ₹1.5 Cr | 23 | 3 | View details |
Funding Insights of UrbanMatrix
UrbanMatrix has successfully raised a total of $1.24M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $721.75 thousand completed in October 2023. 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 $1.24M
- Total Rounds 2
- Last Round Seed — $721,746
- First Round $517,563
(Jul 2021)
- Investors Count 25
All 2 funding rounds of UrbanMatrix 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 |
|---|---|---|---|---|---|
| Oct 2023 | $721,746 | Seed | – | Inflection Point Ventures | – |
| Jul 2021 | $517,563 | Seed | $3.31M | SARA ELGI, LetsVenture |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2021 | $3.31M | •••••••• |
Last known valuation $3.31M (Jul 2021). 25 investors in total: 8 institutional and 17 angel.
Investors in UrbanMatrix
UrbanMatrix has secured backing from 25 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include LetsVenture, O2 Angels Network and SARA ELGI.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Angel network focused on multiple sectors | 2021 | o2angels.net | Delhi, India | |
Investment, advisory, and compliance services for startups and investors. | 2020 | angelscions.com | Kolkata, India | |
Textile manufacturing, yarn production, and industrial machinery are carried out in Southern India. | 1962 | saraelgi.com | Coimbatore, India | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Provider of market research services | qbusiness.tcc.mode | Leicester, United Kingdom | ||
Integrated logistics services are provided from Bengaluru, India. | intergratedlogistic.tcc.mode | Bengaluru, India | ||
Provides comprehensive logistics services including transportation and supply chain management. | 2021 | prilpl.com | India | |
L Laxminarayana | unknown_bb150b50cd2a416aa | |||
VS Vinay Shyamsunder Sarda | unknown_823a50042f7a4c1fa |
Investor details for UrbanMatrix
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Board of directors of Urbanmatrix Technologies Private Limited (UrbanMatrix)
Urbanmatrix Technologies Private Limited is the primary company behind UrbanMatrix. The board of Urbanmatrix Technologies Private Limited currently have 3 directors; the longest-serving is Rishabh Verma, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rishabh Verma DIN 08528920 | Director | 05 Aug 2019 | 7 yrs 2 mo | Urbanmatrix Technologies Private Limited |
| Ashutosh Kumar DIN 08860246 | Director | 07 Sep 2020 | 6 yrs 1 mo | Urbanmatrix Technologies Private Limited |
| Divyanshu Pundir DIN 09146499 | Director | 15 Apr 2021 | 5 yrs 6 mo | Urbanmatrix Technologies Private Limited |
People of UrbanMatrix
3 people are tracked at UrbanMatrix (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
| Co-Founder & VP | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for UrbanMatrix
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of UrbanMatrix
Figures of Urbanmatrix Technologies Private Limited, the primary company behind UrbanMatrix, for FY 2024. Revenue was ₹1.54 Cr (+691% year on year). Net loss was -₹3.17 Cr (-206% margin). EBITDA was -₹3.17 Cr (-206% margin). Revenue has grown at a compounded annual rate of +152% over three years.
- ₹1.54 CrRevenue · FY 2024 · +691% YoY
- -₹3.17 CrNet loss · -206% margin
- -₹3.17 CrEBITDA · -206% margin
- ₹1.5 LakhPaid-up capital
- 23Employees (provident fund records)
- +152%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Urbanmatrix Technologies Private Limited are on its company page.
Detailed financial statements for UrbanMatrix
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 UrbanMatrix
4 dated milestones of UrbanMatrix across 4 years, from founding to its latest funding, stage changes and deals.
- Founded UrbanMatrix is founded.
- Funding First funding round of $518K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $722K.
Top companies in Drone & Aerial Mobility
2 companies that operate in the same segment as UrbanMatrix (Drone & Aerial Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of unmanned aerial vehicles | 2007 | Navi Mumbai, Maharashtra, India | USD 53.82 M | USD 24.09 M | 595 | |
Manufacturer of drones and provider of drone-based solutions across various sectors | 2015 | Chennai, Tamil Nadu, India | USD 59.3 M | USD 12.94 M | 130 |
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Frequently Asked Questions about UrbanMatrix
UrbanMatrix was founded in 2019 and raised its 1st funding round 2 years after it was founded.
UrbanMatrix is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rishabh Verma is the CEO of UrbanMatrix, as recorded in our data. They have also founded this company.
UrbanMatrix 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 Seed of $517.56K, raised on Jul 2021.
The primary company behind UrbanMatrix, Urbanmatrix Technologies Private Limited, reported revenue of ₹1.54 Cr for FY 2024, up 691% year on year.
UrbanMatrix was founded in 2019 in Bengaluru, India, focusing on the drone technology sector. AI-based hardware and software solutions are provided for drone control and management. Micro drones are offered to industries for capturing and processing aerial data, enabling real-time decision-making. Tools for drone operations and functional insights from aerial data are accessible through the platform.
UrbanMatrix has 25 investors. Key investors include LetsVenture, O2 Angels Network, SARA ELGI, Angel Scions, and P R Integrated Logistics.
The valuation of UrbanMatrix is $3.31M as of Jul 2021.
UrbanMatrix operates through Urbanmatrix Technologies Private Limited.
The legal entities of UrbanMatrix currently have 3 directors, including Rishabh Verma, Ashutosh Kumar, Divyanshu Pundir.