About Utopic Tech
Utopic Tech is a Healthcare company based in Pune (India) founded in 2019 by Mehul Baldwa. Medical device for kidney diagnosis and management is developed. Utopic Tech has raised $39.94 thousand across 2 funding rounds from investors including Pfizer, Startups at Venture Center and Social Alpha. Utopic Tech was last valued at $345.57 thousand in October 2021. Its chief executive, as recorded, is Mehul Baldwa. Its Indian entity Utopic Tech Private Limited reported revenue of ₹20 Lakh. Utopic Tech offers products and services including Creasens. Its focus areas include Life Sciences, Nephrology, Medical Devices and Monitoring Devices.
Company details
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.
- Headquarters Pune, India
- Founders Mehul Baldwa
- SectorsHealthcare
- Website utopictech.com
- Social LinkedIn
- Legal Name Utopic Tech Private Limited
- Date of Incorporation 14 Oct, 2019
- Jurisdiction Indore, Madhya Pradesh, India
- Annual Revenue₹20 Lakh
FY 2024 · -19% YoY
- Net Loss-₹9.7 Lakh
FY 2024 · -49% margin
- EBITDA-₹12.4 Lakh
FY 2024 · -62% margin
- Total Equity Funding$39.94K (USD)
in 2 rounds
- Latest Funding Round$29.62K (USD), Grant
Nov 2024
- InvestorsPfizer
& 2 more
Associated legal entities of Utopic Tech
Utopic Tech operates through Utopic Tech 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 |
|---|---|---|---|---|---|---|---|
| Utopic Tech Private Limited CIN U29308MP2019PTC049816 | Active | 14 Oct 2019 | Indore, Madhya Pradesh | ₹0.2 Cr | 2 | View details |
Products & Services of Utopic Tech
Utopic Tech offers a comprehensive portfolio of products and services, including Creasens.
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 $39,942
- Total Rounds 2
- Last Round Grant — $29,620
- First Round $39,942
(Oct 2021)
- Investors Count 3
All 2 funding rounds of Utopic Tech 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 |
|---|---|---|---|---|---|
| Nov 2024 | $29,620 | Grant | – | Pfizer | |
| Oct 2021 | $39,942 | Seed | $345,570 | Startups at Venture Center | – |
Last known valuation $345,570 (Oct 2021). 3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sustainable startups are supported via innovation curation and venture funding. | socialalpha.org | Bengaluru, India | ||
Startup incubator focused on science business | startups.venturecenter.co.in | |||
Pharmaceutical products for treating multiple diseases are provided. | 1849 | pfizer.com | New York, United States |
Investor details for Utopic Tech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Utopic Tech Private Limited (Utopic Tech)
Utopic Tech Private Limited is the primary company behind Utopic Tech. The board of Utopic Tech Private Limited currently have 2 directors; the longest-serving is Mehul Baldwa, appointed in 2019. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mehul Baldwa DIN 08586408 | Director | 14 Oct 2019 | 7 yrs 1 mo | Utopic Tech Private Limited |
| Sanjay Kumar Baldwa DIN 08586409 | Director | 14 Oct 2019 | 7 yrs 1 mo | Utopic Tech Private Limited |
People of Utopic Tech
1 people are tracked at Utopic Tech (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Utopic Tech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Utopic Tech
Figures of Utopic Tech Private Limited, the primary company behind Utopic Tech, for FY 2024. Revenue was ₹20 Lakh (-19% year on year). Net loss was -₹9.7 Lakh (-49% margin). EBITDA was -₹12.4 Lakh (-62% margin). Revenue has grown at a compounded annual rate of +35% over three years.
- ₹20 LakhRevenue · FY 2024 · -19% YoY
- -₹9.7 LakhNet loss · -49% margin
- -₹12.4 LakhEBITDA · -62% margin
- ₹1.1 LakhPaid-up capital
- +35%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Utopic Tech Private Limited are on its company page.
Detailed financial statements for Utopic Tech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Utopic Tech
3 dated milestones of Utopic Tech across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Utopic Tech is founded.
- Funding First funding round of $40K.
- Funding Latest funding round, Grant, of $30K.
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Frequently Asked Questions about Utopic Tech
Utopic Tech was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Utopic Tech is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Mehul Baldwa is the CEO of Utopic Tech, as recorded in our data. They have also founded this 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 2021.
The primary company behind Utopic Tech, Utopic Tech Private Limited, reported revenue of ₹20 Lakh for FY 2024, down 19% year on year.
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.
Utopic Tech offers Creasens.
Utopic Tech has 3 investors. Key investors include Pfizer, Startups at Venture Center, and Social Alpha.
The valuation of Utopic Tech is $345.57K as of Oct 2021.
Utopic Tech operates through Utopic Tech Private Limited.
The legal entities of Utopic Tech currently have 2 directors, including Mehul Baldwa, Sanjay Kumar Baldwa.