When was Carbonado founded?

Carbonado was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Carbonado located?

Carbonado is headquartered in Bengaluru, India. It is registered at #12/7-1, 5th Cross, 1st Stage, Okalipuram, Bangalore, Bengaluru, Karnataka, India, 560021.

Which legal entities is Carbonado associated with?

Carbonado is associated with BPLUGD IOT PRIVATE LIMITED.

How many employees does Carbonado have?

As of May 31, 2026, the latest employee count at Carbonado is 4.

Is Carbonado a funded company?

Carbonado is a funded company, having raised a total of $295K across 4 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Nov 19, 2016.

How much is Carbonado worth?

The latest valuation of Carbonado is $***** as of Dec 15, 2022.

When was the latest funding round of Carbonado?

Carbonado's latest funding was a $***** Angel round on Dec 15, 2022, with participation from 3 investors.

What is the annual revenue of Carbonado?

Annual revenue of Carbonado is between ₹10 Cr and ₹50 Cr as on Mar 31, 2024

Where does Carbonado rank among its competitors?

Carbonado ranks 16th amongst 45 active competitors, of which 16 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was uppercase, which secured $2.15M in Apr, 2026.

Who are the top competitors of Carbonado?

Carbonado's top competitors include Mokobara, uppercase and Nasher Miles. Among them, uppercase secured the most recent funding round in April, 2026.

Carbonado - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Online platform offering luggage and travel accessories. The site features items such as backpacks, duffel bags, hard-case suitcases, and travel organizers. Products are designed for short trips, long journeys, and everyday commuting. Offerings are suitable for personal, business, and adventure travel use.

Website: www.thecarbonado.com/
Social
Email ID: *****@carbonado.in
Part Of
Registered Address: #12/7-1, 5th Cross, 1st Stage, Okalipuram, Bangalore, Bengaluru, Karnataka, India, 560021

Key Metrics

Founded Year

2016

Location

Bengaluru, India

Stage

Seed

Total Funding

$295K in 4 rounds

Latest Funding Round

Angel, Dec 15, 2022, $*****

Post Money Valuation

$***** as on Dec 15, 2022

Investors

Balachandra Tholpady & 4 more

Ranked

16^th among 45 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2024

Employee Count

4 as on May 31, 2026

Similar Companies

Mokobara & 183 more

View Carbonado's full profile

Carbonado is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BPLUGD IOT PRIVATE LIMITED CIN: U74999KA2016PTC095032 , India, Active	Jul 15, 2016	$1M - $10M (As on Mar 31, 2024)	-

Carbonado has raised a total funding of $295K over 4 rounds. Its first funding round was on Nov 19, 2016. Its latest funding round was a Angel round on Dec 15, 2022 for $*****. 3 investors participated in its latest round. Carbonado has 5 angel investors.

Here is the list of recent funding rounds of Carbonado:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 15, 2022	6691298	Angel	8870314	5683581	4651107	5312374
Feb 12, 2021	3368169	Angel	6726954	9199185	4748593	Pushpa Tholpady
Apr 05, 2019	3805261	Seed	2015207	7635206	1616320	2993885

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View details of Carbonado's funding rounds and investors

The founders of Carbonado is Pradeep Reddy.

Here are the details of Carbonado's key team members:

Pradeep Reddy: Founder of Carbonado and founder of 1 other company. They serve on the board of 1 company.

Carbonado's Board of Directors

Carbonado's board has 2 active members. Pradeep Reddy is part of team and Abdul Rashid Kola is independent board member.

Here is the list of Carbonado's board of directors:

Name	Type	Representing	Status	Duration
Pradeep Reddy	Team	-	Current	9y 10m
Abdul Rashid Kola	Independent board member	-	Current	9y 10m

View details of Carbonado's Founder profiles and Board Members

Carbonado's employee count trend

Carbonado has 4 employees as of May 26. Here is Carbonado's employee count trend over the years:

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Top competitors of Carbonado include Mokobara, uppercase and Nasher Miles. Here is the list of Top 10 competitors of Carbonado, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Mokobara 2019, Bengaluru (India), Series B	Provider of luggage, backpacks, totes, handbags, briefcases, and travel accessories	$24.1M	Sauce, Saama & 58 others	74/100
2nd	uppercase 2021, Mumbai (India), Series B	Online retailer of eco-friendly backpacks, trolley bags, duffle bags, and accessories	$22.1M	Sixth Sense Ventures, Accel & 24 others	68/100
3rd	Nasher Miles 2017, Mumbai (India), Seed	Online retailer of travel luggage, backpacks, and related travel accessories	$5.96M	Mfour Advisory, Singularity AMC & 58 others	58/100
4th	EUME 2018, Mumbai (India), Series A	Online retailer offering luggage, bags, and accessories	$5.23M	Himalaya Finance & Investment, Mumbai Angels ... & 33 others	58/100
5th	Assembly 2018, Gurugram (India), Series A	Online retailer of travel bags, luggage, backpacks, and accessories	$2.48M	Invstt, Prath Ventures & 41 others	56/100
6th	Arctic Fox 2018, Bengaluru (India), Unfunded	Internet-first brand offering bags and luggage	-	-	54/100
7th	Urban Jungle 2022, Mumbai (India), Unfunded	Internet first brand of luggage and travel accessories	-	-	51/100
8th	Fur Jaden 2015, Mumbai (India), Seed	Designer and retailer of luggage and backpacks	$1.1M	Gruhas Collective Consumer Fund, Glance Finance ... & 6 others	51/100
9th	Gokyo 2020, Mumbai (India), Seed	Platform offering outdoor clothing and gear for trekking and travel	$198K	Samco	46/100
10th	Urban Tribe 2015, Mumbai (India), Seed	Stylish, durable bags for modern lifestyles	$656K	Dinero Wealth Advisors	45/100
16th	Carbonado 2016, Bengaluru (India), Seed	Online platform offering luggage and travel accessories	$295K	-	36/100

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Founders (largest shareholder) own 77.29% and Other People own 22.72%. The net worth of Carbonado's founders is INR 26.5Cr as of Dec 15, 2022.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	77.29%	26.5Cr	9281618	1463850	6048955	5418271
Abdul Rashid Kola	3556460	7920071	6728304	9769077	3336807	3454064
Other People	22.72%	7.78Cr	4385598	5873583	7249081	2343628
Total	100.00%	34.2Cr	2991956	6859879	3857862	6593983