About Vasitars
Vasitars is a company based in Bhubaneswar (India) founded in 2017 by Vishwas Chandra and Tushar Gautam. Vasitars has raised $220.08 thousand across 2 funding rounds from investors including Indian Oil and GAIL. The company has 26 employees as of April 07, 2024.
- Headquarter Bhubaneswar, India
- Employees 26 as on 07 Apr, 2024
- Founders Vishwas Chandra, Tushar Gautam
- Stage Minicorn
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Sectors
Energy & Utilities
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Vasitars Private Limited
- Date of Incorporation 18 Jan, 2017
- Jurisdiction Delhi, India
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Annual Revenue
$366.8 K (USD)382.43as on Mar 31, 2022
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Net Profit
$21.01 K (USD)224.57as on Mar 31, 2022
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EBITDA
$127.1 K (USD)652.53as on Mar 31, 2022
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Total Equity Funding
$220.08 K (USD)
in 2 rounds
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Latest Funding Round
$104.9 K (USD), Seed
Mar 28, 2022
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Investors
Indian Oil
& 1 more
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Employee Count
26
as on Apr 07, 2024
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Funding Insights of Vasitars
Vasitars has successfully raised a total of $220.08K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $104.9 thousand completed in March 2022. 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 Vasitars
Vasitars has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Indian Oil and GAIL.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Natural gas exploration, production, transmission, marketing, and processing are conducted.
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Locked | Locked | Locked | |
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Oil and gas refining, distribution, and marketing services are provided.
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Locked | Locked | Locked |
Investor details for Vasitars
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Investments & Acquisitions by Vasitars
Investment portfolio details for Vasitars
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Financial Statements - Vasitars
Detailed financials for Vasitars
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Vasitars Comparisons
Peer comparison for Vasitars
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Competitors of Vasitars
Detailed competitors of Vasitars
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Latest news on Vasitars
Complete news archive for Vasitars
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Frequently Asked Questions about Vasitars
Vasitars was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Vasitars is headquartered in Bhubaneswar, India. It is registered at Bhubaneswar, Odisha, India.
Vishwas Chandra is the current CEO of Vasitars. They have also founded this company.
Vasitars is a funded company, having raised a total of $220.08K across 2 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Vasitars is 26.
Annual revenue of Vasitars is $366.8K as on Mar 31, 2022.
Vasitars was established in 2017 in Bhubaneswar, India, within the maintenance and repair sector. In-situ solutions for damaged pipelines are offered, where defects are filled with a Nano-Filler dispersed polymer matrix to improve interfacial bond strength, followed by reinforcement using composite materials around the affected areas. Operations are supported by an experienced team, serving infrastructure needs in the region.
Vasitars has 2 investors. Key investors include Indian Oil, and GAIL.
The valuation of Vasitars is $2.35M as of Mar 2022.