About Velmenni
Velmenni is a Technology company based in Delhi (India) founded in 2013 by Ujjwal Minocha and Deepak Solanki. Data transfer is enabled via visible light using Li-Fi technology. It operates in the Technology and Telecommunications sectors. Velmenni has raised $3.67 million across 7 funding rounds from investors including Rosmerta Technologies, Ministry of Defence and Department of Telecommunications. The company has 18 employees. Velmenni was last valued at $7.42 million in July 2023. Its chief executive, as recorded, is Deepak Solanki. Its Indian entity Velmenni Research & Development Private Limited reported revenue of ₹66 Lakh. Velmenni offers products and services including LiFi for Indoors and LC for Outdoors. Its focus areas include Enterprise Infrastructure, Enterprise Networking, WLAN Infrastructure and LiFi Connectivity.
Company details
Velmenni was founded in 2013 in Delhi, India, focusing on the visible light communications sector. Li-Fi technology is utilized to transmit data through light rather than radio frequencies. File sharing, high-speed internet access, and communication are facilitated via this system. Applications encompass indoor positioning, mapping, security, and localized advertising. Operations are centered on developing and deploying these light-based solutions.
- Headquarters Delhi, India
- Employees 18
- Founders Ujjwal Minocha, Deepak Solanki
- Stage Minicorn
- SectorsTechnologyTelecommunications
- Email••••••••
- Phone•••• ••••
- Website velmenni.com
- Social LinkedIn X Facebook
- Legal Name Velmenni Research & Development Private Limited
- Date of Incorporation 21 Aug, 2017
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹66 Lakh
FY 2023 · -38% YoY
- Net Loss-₹1.16 Cr
FY 2023 · -177% margin
- EBITDA-₹1.14 Cr
FY 2023 · -173% margin
- Total Equity Funding$3.67M (USD)
in 7 rounds
- Latest Funding Round$3.3M (USD), Seed
Mar 2026
- InvestorsRosmerta Technologies
& 5 more
- Employee Count18
Associated legal entities of Velmenni
Velmenni operates through Velmenni Research & Development Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Velmenni Research & Development Private Limited CIN U72900DL2017FTC322390 | Active | 21 Aug 2017 | New Delhi, Delhi | ₹0.7 Cr | 18 | 3 | View details |
Products & Services of Velmenni
Velmenni offers a comprehensive portfolio of products and services, including LiFi for Indoors and LC for Outdoors.
High-speed indoor data transmission using light to avoid RF interference.
Outdoor light-based solutions for secure data transfer in various settings.
Funding Insights of Velmenni
Velmenni has successfully raised a total of $3.67M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $3.3 million completed in March 2026. 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 $3.67M
- Total Rounds 7
- Last Round Seed — $3.3M
- Investors Count 6
All 7 funding rounds of Velmenni 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 |
|---|---|---|---|---|---|
| Mar 2026 | $3.3M | Seed | – | pi Ventures | |
| Jul 2023 | Grant | – | – | ||
| Jul 2023 | $91,017 | Seed | $7.42M | Rosmerta Technologies | – |
| Oct 2022 | $182,216 | Seed | $7.3M | Rosmerta Technologies | – |
| Jul 2022 | Grant | – | – | ||
| Mar 2022 | $96,883 | Seed | $••••• | Rosmerta Technologies | – |
| Jul 2014 | Seed | – | Buildit | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2023 | $7.42M | •••••••• |
| Oct 2022 | $7.3M | •••••••• |
| Mar 2022 | $••••• | •••••••• |
Full valuation and stage history of Velmenni
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $7.42M (Jul 2023). 6 investors in total: 6 institutional.
Investors in Velmenni
Velmenni has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Rosmerta Technologies, Ministry of Defence and Department of Telecommunications.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IOT startups are accelerated by Buildit in Latvia's ecosystem. | 2013 | buildit.lv | Riga, Latvia | |
| piventures.in | ||||
| mounttechindia.com | ||||
Provider of strategic policy direction, resources, and support to the armed forces to ensure national security and defense, while also overseeing the acquisition, procurement, and management of defense-related assets and services | 1947 | mod.gov.in | Delhi, India | |
Driving license, vehicle registration, and loyalty services are provided. | 2006 | rosmertatech.com | Gurugram, India | |
Telecommunication regulation, licensing, and policy services in India. | 2004 | dot.gov.in | Delhi, India |
Investor details for Velmenni
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 Velmenni Research & Development Private Limited (Velmenni)
Velmenni Research & Development Private Limited is the primary company behind Velmenni. The board of Velmenni Research & Development Private Limited currently have 3 directors; the longest-serving is Deepak Solanki, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepak Solanki DIN 07790754 | Director | 21 Aug 2017 | 9 yrs 2 mo | Velmenni Research & Development Private Limited |
| Ujjwal Minocha DIN 08007555 | Additional Director | 20 Oct 2021 | 5 yrs | Velmenni Research & Development Private Limited |
| Sanjay Sharma DIN 08869848 | Nominee Director | 01 Jun 2022 | 4 yrs 4 mo | Velmenni Research & Development Private Limited |
People of Velmenni
4 people are tracked at Velmenni (4 in leadership); the tracked headcount is 18.
| Name | Role | Group |
|---|---|---|
| Co Founder & COO | Leadership | |
| Founder & CEO | Leadership | |
Nikhil Bhulabhai | Co-founder | Leadership |
Vineet Sharma | Global Sales & Business Development Head | Leadership |
Complete people profiles for Velmenni
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 Velmenni
Figures of Velmenni Research & Development Private Limited, the primary company behind Velmenni, for FY 2023. Revenue was ₹66 Lakh (-38% year on year). Net loss was -₹1.16 Cr (-177% margin). EBITDA was -₹1.14 Cr (-173% margin). Revenue has grown at a compounded annual rate of -37% over three years and -3% over five years.
- ₹66 LakhRevenue · FY 2023 · -38% YoY
- -₹1.16 CrNet loss · -177% margin
- -₹1.14 CrEBITDA · -173% margin
- ₹1 LakhPaid-up capital
- 18Employees (provident fund records)
- -37%Revenue CAGR, 3 years
- -3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Velmenni Research & Development Private Limited are on its company page.
Detailed financial statements for Velmenni
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Velmenni
4 dated milestones of Velmenni across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Velmenni is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $3.3M.
Web traffic of Velmenni
The website of Velmenni (velmenni.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▼ 62.7% vs previous month
Websites whose visitors overlap most with Velmenni. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| buildit.ee | 100% | View details | |||
google.ee | google.ee | 60% | – | ||
| linkedin.com | 60% | 1.9B | #18 | View details | |
| facebook.com | 60% | 12.1B | #3 | View details |
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Related news about Velmenni
Complete news archive for Velmenni
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Frequently Asked Questions about Velmenni
Velmenni was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Velmenni is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Deepak Solanki is the CEO of Velmenni, as recorded in our data. They have also founded this company.
Velmenni is a funded company, having raised a total of $3.67M across 7 funding rounds to date.
Velmenni has 18 employees.
The primary company behind Velmenni, Velmenni Research & Development Private Limited, reported revenue of ₹66 Lakh for FY 2023, down 38% year on year.
Velmenni was founded in 2013 in Delhi, India, focusing on the visible light communications sector. Li-Fi technology is utilized to transmit data through light rather than radio frequencies. File sharing, high-speed internet access, and communication are facilitated via this system. Applications encompass indoor positioning, mapping, security, and localized advertising. Operations are centered on developing and deploying these light-based solutions.
Velmenni offers LiFi for Indoors and LC for Outdoors.
Velmenni has 6 investors. Key investors include Rosmerta Technologies, Ministry of Defence, Department of Telecommunications, Buildit, and pi Ventures.
The valuation of Velmenni is $7.42M as of Jul 2023.
Velmenni operates through Velmenni Research & Development Private Limited.
The legal entities of Velmenni currently have 3 directors, including Sanjay Sharma, Deepak Solanki, Ujjwal Minocha.