UrbanMatrix

Bengaluru, India Founded: 2019 • Age: 7 yrs
AI-driven hardware and software for drone control are developed.
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About UrbanMatrix

UrbanMatrix is a company based in Bengaluru (India) founded in 2019 by Ashutosh Kumar, Divyanshu Pundir, and Rishabh Verma.. UrbanMatrix has raised $1.24 million across 2 funding rounds from investors including LetsVenture, O2 Angels Network and SARA ELGI. UrbanMatrix operates in a competitive market with competitors including Wingtra, Delair, FlightWave Aerospace, Exyn Technologies and Silent Flyer, among others.

  • Headquarter Bengaluru, India
  • Founders Ashutosh Kumar, Divyanshu Pundir, Rishabh Verma
  • Stage Minicorn
  • Sectors
    Aerospace, Defense & Maritime
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Urbanmatrix Technologies Private Limited
  • Date of Incorporation 05 Aug, 2019
  • Jurisdiction Huzur, Madhya Pradesh, India
Operational Areas
Aerospace, Defense & Maritime → Aerospace Manufacturing & Engineering → →
Key Metrics
  • Annual Revenue
    $6.94 K (USD)
    -40.23
    as on Mar 31, 2022
  • Net Profit
    $-245.27 (USD)
    42.84
    as on Mar 31, 2022
  • EBITDA
    $-2.05 K (USD)
    -197.73
    as on Mar 31, 2022
  • Total Equity Funding
    $1.24 M (USD)

    in 2 rounds

  • Latest Funding Round
    $721.75 K (USD), Seed

    Oct 26, 2023

  • Investors
    LetsVenture

    & 24 more

  • Employee Count
    Employee Count
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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
  • Total Rounds 2
  • Last Round Seed — $721,746
  • First Round

    (27 Jul 2021)

  • Investors Count 25
Date Amount Transaction Name Valuation Lead Investors Investors
Oct, 2023 Amount Seed - UrbanMatrix Valuation Inflection Point Ventures
Jul, 2021 Amount Seed - UrbanMatrix Valuation SARA ELGI , LetsVenture
O2 Angels Network , Laxminarayana
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

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. 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.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
IP Ventures
Investments are made in early-stage tech startups across sectors.
Founded Year Domain Location
O2 Angels Network
Angel network focused on multiple sectors
Founded Year Domain Location
Angel Scions
Investment, advisory, and compliance services for startups and investors.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by UrbanMatrix

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - UrbanMatrix

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Urbanmatrix Comparisons

Employees
+
Add Comparison
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Competitors of UrbanMatrix

UrbanMatrix 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 Wingtra, Delair, FlightWave Aerospace, Exyn Technologies and Silent Flyer, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
Wingtra
domain founded_year HQ Location
Developer of drone-based surveying solutions
Delair
domain founded_year HQ Location
Aerial imagery services are delivered via proprietary drones.
FlightWave Aerospace
domain founded_year HQ Location
UAVs for aerial surveying and data collection are manufactured.
Exyn Technologies
domain founded_year HQ Location
Fully autonomous aerial robotic systems developer
Silent Flyer
domain founded_year HQ Location
Provider of autonomous drones
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Urbanmatrix

Frequently Asked Questions about UrbanMatrix

When was UrbanMatrix founded?

UrbanMatrix was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is UrbanMatrix located?

UrbanMatrix is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Who is the current CEO of UrbanMatrix?

Rishabh Verma is the current CEO of UrbanMatrix. They have also founded this company.

Is UrbanMatrix a funded 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 27, 2021.

What is the annual revenue of UrbanMatrix?

Annual revenue of UrbanMatrix is $6.94K as on Mar 31, 2022.

What does UrbanMatrix do?

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.

Who are the top competitors of UrbanMatrix?

UrbanMatrix's top competitors include Wingtra, Delair and Exyn Technologies.

Who are UrbanMatrix's investors?

UrbanMatrix has 25 investors. Key investors include LetsVenture, O2 Angels Network, SARA ELGI, Angel Scions, and P R Integrated Logistics.

What is UrbanMatrix's valuation?

The valuation of UrbanMatrix is $3.31M as of Jul 2021.

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