About Xeeed IO
Xeeed IO is a Technology company based in Hyderabad (India) founded in 2021 by Karthik Gurukuntala, Ravi Tej Varanasi, and Kanishka Shah. IoT-integrated systems for asset monitoring in industrial fleets are developed. Xeeed IO has raised $131.25 thousand across 2 funding rounds from investors including AIC-CCMB, Shakun Advisors and Shakun Snazzy. The company has 1 employees. Xeeed IO was last valued at $2.61 million in February 2024. Its chief executive, as recorded, is Kanishka Shah. Its Indian entity Xeeed Io Private Limited reported revenue of ₹52.9 Lakh. Xeeed IO offers products and services including Catalyst OT Platform, EDGE AI Hardware, EDGE AI and ML Solutions, and Custom Solutions. Its focus areas include High Tech, Internet of Things Infrastructure, IoT Platforms and End to End Platforms.
Company details
Xeeed IO was founded in 2021 in Hyderabad, India, within the IoT sector focused on industrial applications. Systems including dashboards, cameras, and sensors are designed and developed to support asset monitoring for fleets. Features such as location tracking, energy consumption analysis, utilization reporting, preventive maintenance alerts, and enterprise billing are enabled through these integrated solutions. Operations emphasize real-time data for enhanced efficiency in industrial environments.
- Headquarters Hyderabad, India
- Employees 1
- Founders Karthik Gurukuntala, Ravi Tej Varanasi, Kanishka Shah
- Stage Minicorn
- SectorsTechnology
- Phone•••• ••••
- Website xeeed.io
- Social LinkedIn
- Legal Name Xeeed Io Private Limited
- Date of Incorporation 06 Jan, 2021
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹52.9 Lakh
FY 2025 · +81% YoY
- Net Loss-₹25.5 Lakh
FY 2025 · -48% margin
- EBITDA-₹22.8 Lakh
FY 2025 · -43% margin
- Total Equity Funding$131.25K (USD)
in 2 rounds
- Latest Funding Round$93.61K (USD), Seed
Feb 2024
- InvestorsAIC-CCMB
& 4 more
- Employee Count1
Associated legal entities of Xeeed IO
Xeeed IO operates through Xeeed Io Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Xeeed Io Private Limited CIN U72900TG2021PTC147488 | Active | 06 Jan 2021 | Hyderabad, Telangana | ₹0.5 Cr | 2 | View details |
Products & Services of Xeeed IO
Xeeed IO offers a comprehensive portfolio of products and services, including Catalyst OT Platform, EDGE AI Hardware, EDGE AI and ML Solutions, and Custom Solutions.
Cloud or on-premise platform for IoT and AI deployment with free plans.
Devices for quick AI solution deployment and integration.
On-device AI for data processing without cloud dependency.
Tailored AI automation for specific industry needs.
Funding Insights of Xeeed IO
Xeeed IO has successfully raised a total of $131.25K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $93.61 thousand completed in February 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 $131,252
- Total Rounds 2
- Last Round Seed — $93,612
- First Round $37,640
(Aug 2022)
- Investors Count 5
All 2 funding rounds of Xeeed IO 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 |
|---|---|---|---|---|---|
| Feb 2024 | $93,612 | Seed | $2.61M | Shakun Advisors, Shakun Snazzy | – |
| Aug 2022 | $37,640 | Seed | $2.55M | AIC-CCMB | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2024 | $2.61M | •••••••• |
| Aug 2022 | $2.55M | •••••••• |
Last known valuation $2.61M (Feb 2024). 5 investors in total: 5 institutional.
Investors in Xeeed IO
Xeeed IO has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include AIC-CCMB, Shakun Advisors and Shakun Snazzy.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sector agnostic startup incubator | 2017 | aic.ccmb.res.in | Hyderabad, India | |
Advisory services are provided by Shakun Advisors in Mumbai, India. | shakunadvisors.tcc.mode | Mumbai, India | ||
| shakunsnazzy.tcc.mode | ||||
| shakununiversal.tcc.mode | ||||
Legal consulting services are provided to clients from Akola, India. | shakunmedicare.tcc.mode | Akola, India |
Investor details for Xeeed IO
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 Xeeed Io Private Limited (Xeeed IO)
Xeeed Io Private Limited is the primary company behind Xeeed IO. The board of Xeeed Io Private Limited currently have 2 directors; the longest-serving is Kanishka Shah, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kanishka Shah DIN 09020663 | Director | 06 Jan 2021 | 5 yrs 9 mo | Xeeed Io Private Limited |
| Hiral Shah DIN 10061558 | Director | 19 Dec 2023 | 2 yrs 10 mo | Xeeed Io Private Limited |
People of Xeeed IO
3 people are tracked at Xeeed IO (3 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Karthik Gurukuntala | Co-Founder & CTO | Leadership |
Ravi Tej Varanasi | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for Xeeed IO
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 Xeeed IO
Figures of Xeeed Io Private Limited, the primary company behind Xeeed IO, for FY 2025. Revenue was ₹52.9 Lakh (+81% year on year). Net loss was -₹25.5 Lakh (-48% margin). EBITDA was -₹22.8 Lakh (-43% margin). Revenue has grown at a compounded annual rate of +184% over three years.
- ₹52.9 LakhRevenue · FY 2025 · +81% YoY
- -₹25.5 LakhNet loss · -48% margin
- -₹22.8 LakhEBITDA · -43% margin
- ₹5.4 LakhPaid-up capital
- +184%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Xeeed Io Private Limited are on its company page.
Detailed financial statements for Xeeed IO
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 Xeeed IO
4 dated milestones of Xeeed IO across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Xeeed IO is founded.
- Funding First funding round of $38K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $94K.
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Frequently Asked Questions about Xeeed IO
Xeeed IO was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Xeeed IO is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Kanishka Shah is the CEO of Xeeed IO, as recorded in our data. They have also founded this company.
Xeeed IO is a funded company, having raised a total of $131.25K across 2 funding rounds to date. The company's 1st funding round was a Seed of $37.64K, raised on Aug 2022.
Xeeed IO has 1 employees.
The primary company behind Xeeed IO, Xeeed Io Private Limited, reported revenue of ₹52.9 Lakh for FY 2025, up 81% year on year.
Xeeed IO was founded in 2021 in Hyderabad, India, within the IoT sector focused on industrial applications. Systems including dashboards, cameras, and sensors are designed and developed to support asset monitoring for fleets. Features such as location tracking, energy consumption analysis, utilization reporting, preventive maintenance alerts, and enterprise billing are enabled through these integrated solutions. Operations emphasize real-time data for enhanced efficiency in industrial environments.
Xeeed IO offers Catalyst OT Platform, EDGE AI Hardware, EDGE AI and ML Solutions, and Custom Solutions.
Xeeed IO has 5 investors. Key investors include AIC-CCMB, Shakun Advisors, Shakun Snazzy, Shakun Universal, and Shakun Medicare.
The valuation of Xeeed IO is $2.61M as of Feb 2024.
Xeeed IO operates through Xeeed Io Private Limited.
The legal entities of Xeeed IO currently have 2 directors, including Hiral Shah, Kanishka Shah.