About Utopic Tech
Utopic Tech is a company based in Pune (India) founded in 2019 by Mehul Baldwa.. Utopic Tech has raised $39.94 thousand across 2 funding rounds from investors including Pfizer, Startups at Venture Center and Social Alpha. Utopic Tech offers products and services including Creasens. Utopic Tech operates in a competitive market with competitors including MediBeacon, Physidia, FAST BioMedical, Accunea and Prantae Solutions, among others.
- Headquarter Pune, India
- Founders Mehul Baldwa
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Utopic Tech Private Limited
- Date of Incorporation 14 Oct, 2019
- Jurisdiction Indore, Madhya Pradesh, India
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Annual Revenue
$12.99 K (USD)0as on Mar 31, 2022
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Net Profit
$-10.8 K (USD)0as on Mar 31, 2022
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EBITDA
$-22.9 K (USD)0as on Mar 31, 2022
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Total Equity Funding
$39.94 K (USD)
in 2 rounds
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Latest Funding Round
$29.62 K (USD), Grant
Nov 11, 2024
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Investors
Pfizer
& 2 more
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Employee Count
Employee Count
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Products & Services of Utopic Tech
Utopic Tech offers a comprehensive portfolio of products and services, including Creasens. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Measures creatinine from finger prick for quick kidney diagnosis.
Funding Insights of Utopic Tech
Utopic Tech has successfully raised a total of $39.94K across 2 strategic funding rounds. The most recent funding activity was a Grant round of $29.62 thousand completed in November 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 Grant — $29,620
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First Round
First Round
(25 Oct 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Grant - Utopic Tech | Valuation | Pfizer | |
| Oct, 2021 | Amount | Seed - Utopic Tech | Valuation | Startups at Venture Center |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Utopic Tech
Utopic Tech has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Pfizer, Startups at Venture Center and Social Alpha. 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 |
|---|---|---|---|---|
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Sustainable startups are supported via innovation curation and venture funding.
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Startup incubator focused on science business
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Pharmaceutical products for treating multiple diseases are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Utopic Tech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Utopic Tech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Utopic Tech Comparisons
Competitors of Utopic Tech
Utopic Tech 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 MediBeacon, Physidia, FAST BioMedical, Accunea and Prantae Solutions, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Non-invasive optical monitoring of kidney function is developed.
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| domain | founded_year | HQ Location |
Manufacturer of a hemodialysis monitoring device
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| domain | founded_year | HQ Location |
Develops fluorescent in-vivo markers for measuring plasma volume and mGFR.
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| domain | founded_year | HQ Location |
Monitoring devices for kidney function are developed by Accunea.
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| domain | founded_year | HQ Location |
Medical imaging and devices for pregnancy monitoring are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Utopic Tech
When was Utopic Tech founded?
Utopic Tech was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Utopic Tech located?
Utopic Tech is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Utopic Tech?
Mehul Baldwa is the current CEO of Utopic Tech. They have also founded this company.
Is Utopic Tech a funded company?
Utopic Tech is a funded company, having raised a total of $39.94K across 2 funding rounds to date. The company's 1st funding round was a Seed of $39.94K, raised on Oct 25, 2021.
What is the annual revenue of Utopic Tech?
Annual revenue of Utopic Tech is $12.99K as on Mar 31, 2022.
What does Utopic Tech do?
Utopic Tech was founded in 2019 in Pune, India, and operates in the medical devices sector. Focus is placed on kidney-related health solutions, with the primary product Creasens enabling creatinine measurement from finger-prick samples in under a minute. Development and management of diagnostic tools for renal conditions are prioritized, supporting clinical applications in healthcare settings across the region.
Who are the top competitors of Utopic Tech?
Utopic Tech's top competitors include MediBeacon, Physidia and Prantae Solutions.
What products or services does Utopic Tech offer?
Utopic Tech offers Creasens.
Who are Utopic Tech's investors?
Utopic Tech has 3 investors. Key investors include Pfizer, Startups at Venture Center, and Social Alpha.
What is Utopic Tech's valuation?
The valuation of Utopic Tech is $345.57K as of Oct 2021.