About Varmora Plastech
Varmora Plastech is a company based in Ahmedabad (India) founded in 2013 by Bhavesh Varmora. Varmora Plastech has raised $6.28 million across 4 funding rounds from investors including Gujarat Venture Finance, Shri Maruti Industries and Sunshine Fasteners. The company has 92 employees as of April 06, 2024.
- Headquarter Ahmedabad, India
- Employees 92 as on 06 Apr, 2024
- Founders Bhavesh Varmora
- Stage Minicorn
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Sectors
Consumer
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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 Varmora Plastech Private Limited
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$8.89 M (USD)53.66as on Mar 31, 2022
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Net Profit
$144.65 K (USD)51.35as on Mar 31, 2022
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EBITDA
$694.16 K (USD)-0.73as on Mar 31, 2022
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Total Equity Funding
$6.28 M (USD)
in 4 rounds
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Latest Funding Round
$4.62 M (USD), Series A
Mar 31, 2017
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Investors
Gujarat Venture Finance
& 5 more
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Employee Count
92
as on Apr 06, 2024
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Funding Insights of Varmora Plastech
Varmora Plastech has successfully raised a total of $6.28M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $4.62 million completed in March 2017. 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 Varmora Plastech
Varmora Plastech has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Gujarat Venture Finance, Shri Maruti Industries and Sunshine Fasteners.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are made in Indian startups across multiple sectors.
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Manufacturing of stainless steel fasteners and related industrial products.
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Investor details for Varmora Plastech
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Investments & Acquisitions by Varmora Plastech
Investment portfolio details for Varmora Plastech
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Financial Statements - Varmora Plastech
Detailed financials for Varmora Plastech
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Varmora Plastech Comparisons
Peer comparison for Varmora Plastech
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Competitors of Varmora Plastech
Detailed competitors of Varmora Plastech
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Latest news on Varmora Plastech
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Frequently Asked Questions about Varmora Plastech
Varmora Plastech was founded in 2013.
Varmora Plastech is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Hitesh Panchal is the current CEO of Varmora Plastech.
Varmora Plastech is a funded company, having raised a total of $6.28M across 4 funding rounds to date.
As of Apr 06, 2024, the latest employee count at Varmora Plastech is 92.
Annual revenue of Varmora Plastech is $8.89M as on Mar 31, 2022.
Varmora Plastech was founded in 2013 and is based in Ahmedabad, India. Operations focus on the production and export of plastic houseware items within the consumer goods sector. A variety of products is offered, such as bottles, tiffins, dinner sets, dry storage containers, jugs, lunch boxes, and bathroom accessories. Distribution occurs internationally from the Indian facility.
Varmora Plastech has 6 investors. Key investors include Gujarat Venture Finance, Shri Maruti Industries, Sunshine Fasteners, Samruddhi Lubes, and Umiya Fertilizers.
The valuation of Varmora Plastech is $16.92M as of Mar 2017.