About Zvolv
Zvolv is a company based in Pune (India) founded in 2016 by Hardik Gandhi and Sujoy Chakravarty. Zvolv has raised $4.42 million across 6 funding rounds from investors including JSW Ventures, Gemba Capital and PitchRight Ventures. The company has 46 employees. Zvolv offers products and services including ZAi Hyperautomation, Supply Chain Management, and HR Operations. Zvolv operates in a competitive market with competitors including Airtable, Pipefy, Creatio, airSlate and Newgen, among others.
- Headquarter Pune, India
- Employees 46
- Founders Hardik Gandhi, Sujoy Chakravarty
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website zvolv.com
- Social LinkedIn X Facebook
- Legal Name Zestl Software Private Limited
- Date of Incorporation 28 Aug, 2015
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹5.89 Cr
FY 2025 · -22% YoY
- Net Loss-₹6.44 Cr
FY 2025 · -109% margin
- EBITDA-₹7.01 Cr
FY 2025 · -119% margin
- Total Equity Funding$4.42 M (USD)
in 6 rounds
- Latest Funding Round$2 M (USD), Series A
Feb 28, 2024
- InvestorsJSW Ventures
& 57 more
- Employee Count46
Associated legal entities of Zvolv
Zvolv operates through Zestl Software 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 |
|---|---|---|---|---|---|---|---|
| Zestl Software Private Limited CIN U72900PN2015PTC156334 | Active | 28 Aug 2015 | Pune, Maharashtra | ₹5.9 Cr | 46 | 2 | View details |
Products & Services of Zvolv
Zvolv offers a comprehensive portfolio of products and services, including ZAi Hyperautomation, Supply Chain Management, and HR Operations.
AI service for orchestrating business workflows and decision-making.
Platform for managing and automating supply chain processes.
Application for streamlining human resources and employee tasks.
Funding Insights of Zvolv
Zvolv has successfully raised a total of $4.42M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $2 million 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 $4.4M
- Total Rounds 6
- Last Round Series A — $2.0M
- First Round $139,752
(30 Aug 2016)
- Investors Count 58
All 6 funding rounds of Zvolv 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 |
|---|---|---|---|---|---|
| 28 Feb 2024 | $2.0M | Series A | – | Silverneedle Ventures | |
| 04 Sep 2023 | $193,413 | Series A | – | JSW Ventures | |
| 17 Jun 2022 | $96,194 | Angel Round | – | – | – |
| 12 Nov 2021 | $1.5M | Series A | $4.4M | RiSo Capital | |
| 20 Oct 2018 | $487,324 | Seed | $1.7M | Sujay Chakravarty , Contrarian Drishti Partners | |
| 30 Aug 2016 | $139,752 | Seed | $••••• | Prakash Babulal Gandhi |
| Date | Valuation | Stage |
|---|---|---|
| 12 Nov 2021 | $4.4M | •••••••• |
| 20 Oct 2018 | $1.7M | •••••••• |
| 30 Aug 2016 | $••••• | •••••••• |
Full valuation and stage history of Zvolv
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $4.4M (Nov 2021). 58 investors in total: 11 institutional and 47 angel.
Investors in Zvolv
Zvolv has secured backing from 58 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include JSW Ventures, Gemba Capital and PitchRight Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund | – | silverneedle.vc | Hyderabad, India | |
JSW Ventures is engaged in venture capital funding for startups. | 2015 | jswvc.com | Mumbai, India | |
Venture capital firm investing in tech sectors | – | risocapital.com | Saratoga, United States | |
Early-stage venture capital firm investing in diverse sectors with a founder-first approach. | 2016 | pitchright.ventures | Mumbai, India | |
Early-stage VC fund | 2013 | contrariandrishti.com | Mumbai, India | |
Venture capital firm backing startups in Fintech and Consumer Tech sectors. | 2017 | gembacapital.in | Bengaluru, India | |
Early-stage investments are made by Omphalos Ventures in US firms. | – | omphalosventures.net | Shakopee, United States | |
- | – | asrcptrust.tcc.mode | - | |
Provides comprehensive brand and digital display services for businesses. | 1998 | gitil.com | Bengaluru, India | |
Consultancy services are provided by Vnete in Bengaluru, India. | – | vneteconsultancyprivatelimited.tcc.mode | Bengaluru, India |
Investor details for Zvolv
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Zestl Software Private Limited (Zvolv)
Zestl Software Private Limited is the primary company behind Zvolv. The board of Zestl Software Private Limited currently have 2 directors; the longest-serving is Hardik Prakash Gandhi, appointed in 2018. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hardik Prakash Gandhi DIN 07219708 | Managing Director | 01 Oct 2018 | 8 yrs | Zestl Software Private Limited |
| Sachin Tagra DIN 08550833 | Director | 03 Dec 2021 | 4 yrs 10 mo | Zestl Software Private Limited |
People of Zvolv
22 people are tracked at Zvolv (8 in leadership, 14 in team); the tracked headcount is 46.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Sujoy Chakravarty | Co-Founder & COO | Leadership |
Akshay Jadhav | Director of Technology | Leadership |
Rahul Bhageeradhan | Vice President - Digital Solutions | Leadership |
Akilan Vajravelu | Chief Digital Solutions Officer | Leadership |
Siddharth Munot | Head Of Product Management | Leadership |
Sachin Tanpure | Director Of Engineering | Leadership |
Prashant Pansare | Chief Revenue Officer (cro) | Leadership |
Sayali Deshpande | Product Manager | Team |
S.Keren Deborah | Implementation Engineer | Team |
Shubham Chincholkar | Full Stack Developer | Team |
Onkar Babras | DevOps Engineer | Team |
Nishant Sharma | Python Developer | Team |
Shubham Thite | Implementation Engineer | Team |
Supriya Padamwar | Python Developer | Team |
Safir M. | Lead AI Engineer | Team |
Yogesh Jadhav | Software Engineer | Team |
Shrutika Lokhande | Full-stack Developer | Team |
Gayatri Nair | Marketing Lead | Team |
Tejas Kulkarni | Growth Consultant | Team |
2 more people are available in the full profile.
Complete people profiles for Zvolv
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of Zvolv
Figures of Zestl Software Private Limited, the primary company behind Zvolv, for FY 2025. Revenue was ₹5.89 Cr (-22% year on year). Net loss was -₹6.44 Cr (-109% margin). EBITDA was -₹7.01 Cr (-119% margin). Revenue has grown at a compounded annual rate of +52% over three years and +44% over five years.
- ₹5.89 CrRevenue · FY 2025 · -22% YoY
- -₹6.44 CrNet loss · -109% margin
- -₹7.01 CrEBITDA · -119% margin
- ₹1.24 CrPaid-up capital
- 46Employees (provident fund records)
- +52%Revenue CAGR, 3 years
- +44%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Zestl Software Private Limited are on its company page.
Detailed financial statements for Zvolv
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Zvolv
4 dated milestones of Zvolv across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Zvolv is founded.
- Funding First funding round of $140K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $2.0M.
Competitors of Zvolv
Zvolv operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Airtable, Pipefy, Creatio, airSlate and Newgen, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| airtable.com | 2013 | San Francisco, United States | $1.4B | 548 | Cloud and AI based low code workflow and app development platform | |
| pipefy.com | 2015 | San Francisco, United States | $148.7M | – | SaaS-based workflow and task management solution provider | |
| creatio.com | 2002 | Boston, United States | $272.8M | – | A cloud-based platform for CRM and low-code automation is provided. | |
| airslate.com | 2006 | Brookline, United States | $161.5M | 41 | Provider of no code business automation solutions | |
| newgensoft.com | 1992 | Delhi, India | $17.7M | 4,043 | Cloud-based content service platforms are provided for enterprise automation. | |
| jojonomic.com | 2015 | Jakarta, Indonesia | $4.2M | – | Cloud-based low-code platform for business process management is provided. | |
| ninox.com | 2013 | Berlin, Germany | $11.5M | 29 | Cloud-based low-code platform for database application development is offered. | |
| pega.com | 1983 | Cambridge, United States | – | 5,406 | Wealth management solutions via AI decisioning and automation are provided. |
Detailed competitors of Zvolv
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Latest news on Zvolv
Complete news archive for Zvolv
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Zvolv
10 companies that operate in the same segment as Zvolv (Enterprise Workflow & Process Management), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based platform for secure collaboration and content management is utilized. | 2005 | Redwood City, California, United States | USD 692.63 M | USD 1.18 B | 2,810 | |
Cloud-based business process management suite solutions are delivered. | 2010 | San Mateo, California, United States | USD 872.56 M | USD 838.81 M | 4,400 | |
Cloud-based low-code platform enables application development and automation. | 1999 | Reston, Virginia, United States | USD 47.5 M | USD 726.94 M | 2,029 | |
Cloud and AI based low code workflow and app development platform | 2013 | San Francisco, California, United States | USD 1.35 B | – | – | |
Digital adoption platform is provided for software optimization. | 2011 | San Francisco, California, United States | USD 307.5 M | USD 10.51 M | – | |
SaaS-based workflow and task management solution provider | 2015 | San Francisco, California, United States | USD 148.74 M | – | – | |
SaaS-driven solutions for fitness business management are offered. | 1986 | New York, New York, United States | – | USD 785.01 M | 3,020 | |
Cloud-based process mining and execution management software is offered. | 2011 | Munchen, Bayern, Germany | USD 1.77 B | USD 5.27 M | 114 | |
Provider of integrated back-office solutions across finance, accounting, HR, compliance, and staffing | 2002 | Gurugram, Haryana, India | USD 28.49 M | – | – | |
Cloud-based business process management software | 2005 | Bochum, North Rhine-westphalia, Germany | USD 34 M | – | 107 |
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Frequently Asked Questions about Zvolv
Zvolv was founded in 2016.
Zvolv is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Hardik Gandhi is the current CEO of Zvolv. They have also founded this company.
Zvolv is a funded company, having raised a total of $4.42M across 6 funding rounds to date. The company's 1st funding round was a Seed of $139.75K, raised on Aug 30, 2016.
Zvolv has 46 employees.
The primary company behind Zvolv, Zestl Software Private Limited, reported revenue of ₹5.89 Cr for FY 2025, down 22% year on year.
Provider of AI-driven process orchestration and automation platform to accelerate digital transformation and streamline enterprise workflows. It allows users to structure and unify processes, perform an AI-based analytics solution to manage projects. It enables users to manage templates, documents, checklists and collaborates to provide actionable insights. Other features include structured workflow management, cognitive automation bots, task and resource management, AI-based dashboards. The software is available on the Apple App Store and Google Play Store.
Zvolv offers ZAi Hyperautomation, Supply Chain Management, and HR Operations.
Zvolv has 58 investors. Key investors include JSW Ventures, Gemba Capital, PitchRight Ventures, Contrarian Drishti Partners, and Genesis IT Innovations.
The valuation of Zvolv is $4.36M as of Nov 2021.
Zvolv operates through Zestl Software Private Limited.