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.

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 ₹12.7Cr as on Mar 31, 2024.

Where does Carbonado rank among its competitors?

Carbonado ranks 14th amongst 44 active competitors, of which 15 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was EUME, which secured $2.94M in May, 2025.

Who are the top competitors of Carbonado?

Carbonado's top competitors include Mokobara, uppercase and Assembly. Among them, EUME secured the most recent funding round in May, 2025.

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

Carbonado is a seed company based in Bengaluru (India), founded in 2016 by Pradeep Reddy. It operates as an Online platform offering luggage and travel accessories. Carbonado has raised $295K in funding, with a current valuation of $*****. The company has 44 active competitors, including 15 that are funded. Its top competitors include companies like Mokobara, uppercase and Assembly.

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

14^th among 44 active competitors

Annual Revenue

₹12.7Cr as on Mar 31, 2024

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	$1.54M (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	7674571	Angel	3526222	9017991	2803780	7079354
Feb 12, 2021	8327528	Angel	5729552	8346032	5814522	Pushpa Tholpady
Apr 05, 2019	2789654	Seed	7367296	5844610	5748467	1571772

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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 8m
Abdul Rashid Kola	Independent board member	-	Current	9y 8m

View details of Carbonado's Founder profiles and Board Members

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Top competitors of Carbonado include Mokobara, uppercase and Assembly. 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 Capital & 59 others	74/100
2nd	uppercase 2021, Bengaluru (India), Series B	Online retailer of eco-friendly backpacks, trolley bags, duffle bags, and accessories	$19.9M	Sixth Sense Ventures, Trifecta Capital & 24 others	68/100
3rd	Assembly 2018, Gurugram (India), Series A	Online retailer of travel bags, luggage, backpacks, and accessories	$2.48M	Anicut Capital, Blume Venture & 41 others	66/100
4th	EUME 2018, Mumbai (India), Series A	Online retailer offering luggage, bags, and accessories	$5.23M	Himalaya Finance and Investment, Mumbai Angels ... & 32 others	61/100
5th	Arctic Fox 2018, Bengaluru (India), Unfunded	Internet-first brand offering bags and luggage	-	-	54/100
6th	Urban Jungle 2022, Mumbai (India), Unfunded	Internet first brand of luggage and travel accessories	-	-	51/100
7th	Nasher Miles 2017, Mumbai (India), Seed	Online retailer of travel luggage, backpacks, and related travel accessories	$5.96M	Mfour Advisory, Singularity AMC & 58 others	48/100
8th	Gokyo 2020, Mumbai (India), Seed	Platform offering outdoor clothing and gear for trekking and travel	$198K	Samco	45/100
9th	Urban Tribe 2015, Mumbai (India), Seed	Stylish, durable bags for modern lifestyles	$656K	Dinero Wealth Advisors	45/100
10th	Gear Bags 2022, Kolkata (India), Unfunded	Internet first brand offering bags and laguage for consumers	-	-	44/100
14th	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	9221607	9106177	2913808	3678262
Abdul Rashid Kola	4711678	8664322	2524448	3045461	9199312	9725839
Other People	22.72%	7.78Cr	2810818	2834674	6364267	6215020
Total	100.00%	34.2Cr	2659908	5325229	9677527	8283996