About Usha Yarns
Usha Yarns is a company based in Chandigarh (India) founded in 1996. Usha Yarns has raised $842.3 thousand across 2 funding rounds from investors including Rajesh Gupta, Nikhil Goel and Ashok Kansal. The company has 890 employees as of April 08, 2024. Usha Yarns offers products and services including Puneh Popular, Puneh Signature, Puneh Iconic, Puneh Vintage, and Puneh Natural.
- Headquarter Chandigarh, India
- Employees 890 as on 08 Apr, 2024
- Stage Minicorn
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Sectors
Environment
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Email
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Phone
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Website
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Social
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- Legal Name Usha Yarns Limited
- Date of Incorporation 06 Feb, 1995
- Jurisdiction Punjab, Punjab, India
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Annual Revenue
$29.33 M (USD)-4.4as on Mar 31, 2023
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Net Profit
$4.49 M (USD)-27.81as on Mar 31, 2023
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EBITDA
$7.54 M (USD)-24.93as on Mar 31, 2023
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Total Equity Funding
$842.3 K (USD)
in 2 rounds
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Latest Funding Round
$676.26 K (USD), Angel Round
Sep 07, 2016
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Investors
& 9 more
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Employee Count
890
as on Apr 08, 2024
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Products & Services of Usha Yarns
Usha Yarns offers a comprehensive portfolio of products and services, including Puneh Popular, Puneh Signature, Puneh Iconic, Puneh Vintage, and Puneh Natural.
Blend of recycled cotton and polyester for garment applications
Innovative blend with regenerated cellulose for sustainable fabrics
Combination of recycled cotton and virgin viscose for quality textiles
Recycled denim yarns with minimal environmental footprint
Sustainable yarns from recycled materials for eco-conscious products
Custom blended yarns tailored for specific manufacturing needs
Funding Insights of Usha Yarns
Usha Yarns has successfully raised a total of $842.3K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $676.26 thousand completed in September 2016. 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 Usha Yarns
Usha Yarns has secured backing from 10 investors, including angel investors. Prominent investors backing the company include Rajesh Gupta, Nikhil Goel and Ashok Kansal.
| Investor | Description | Founded Year | Domain | Location |
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RG
Rajesh Gupta |
Angel investor, founder of Busy Accounting Software, supports Indian startups
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Locked | Locked | Locked |
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NG
Nikhil Goel |
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Locked | Locked | Locked |
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AK
Ashok Kansal |
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Locked | Locked | Locked |
Investor details for Usha Yarns
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Investments & Acquisitions by Usha Yarns
Investment portfolio details for Usha Yarns
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Financial Statements - Usha Yarns
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Usha Yarns Comparisons
Peer comparison for Usha Yarns
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Competitors of Usha Yarns
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Latest news on Usha Yarns
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Frequently Asked Questions about Usha Yarns
Usha Yarns was founded in 1996 and raised its 1st funding round 18 years after it was founded.
Usha Yarns is headquartered in Chandigarh, India.
Usha Yarns is a funded company, having raised a total of $842.3K across 2 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Usha Yarns is 890.
Annual revenue of Usha Yarns is $29.33M as on Mar 31, 2023.
Usha Yarns was established in 1996 in Chandigarh, India, within the textile recycling sector. Operations focus on manufacturing recycled yarn products by converting pre-consumer garment cutting waste and polyester derived from recycled PET bottles. Solutions are provided for producing quality pre-dyed yarn, supporting sustainable textile practices across the region.
Usha Yarns offers Puneh Popular, Puneh Signature, Puneh Iconic, Puneh Vintage, and 2 more products and services.
Usha Yarns has 10 investors. Key investors include Rajesh Gupta, Nikhil Goel, Ashok Kansal, Jugal Kansal, and Karan Kansal.
The valuation of Usha Yarns is $3.12M as of Sep 2016.