When was Carnot founded?

Carnot was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is Carnot located?

Carnot is headquartered in Mumbai, India. It is registered at GATEWAY BUILDING , APOLLO BUNDER, MUMBAI, Maharashtra, India, 400001.

Which legal entities is Carnot associated with?

Carnot is associated with CARNOT TECHNOLOGIES PRIVATE LIMITED and 1 other.

How many employees does Carnot have?

As of Aug 31, 2025, the latest employee count at Carnot is 15407.

Is Carnot a funded company?

Carnot is a funded company, having raised a total of $1.45M across 4 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Nov 27, 2015.

How much is Carnot worth?

The last known valuation of Carnot was $***** as of Mar 22, 2022.

When was the latest funding round of Carnot?

Carnot's latest funding was a $***** Seed round on Feb 22, 2018, with participation from 2 investors.

What is the annual revenue of Carnot?

Annual revenue of Carnot is between ₹10 Cr and ₹50 Cr as on Mar 31, 2026

Where does Carnot rank among its competitors?

Carnot ranks 17th amongst 1119 active competitors, of which 170 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Onesoil Ai, which secured $1.16M in Jun, 2026.

Who are the top competitors of Carnot?

Carnot's top competitors include The Climate, Aerobotics and Ceres AI. Among them, Onesoil Ai secured the most recent funding round in June, 2026.

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

Q: Is Carnot an acquired company?

Carnot got acquired by Mahindra on Mar 22, 2022.

Company Details

Online platform providing IoT-based solutions for agriculture sector with offerings in farm machinery management. It offers a connected platform for farm machinery and other agricultural applications, utilizing big data and artificial intelligence to improve efficiency and productivity. It provides solutions that enable farmers and agricultural businesses to collect and analyze data to make informed decisions. It aims to transform the agricultural industry by leveraging the Internet of Things (IoT) and data analytics.

Website: www.carnot.co.in
Email ID: *****@carnot.co.in
Phone Number: +91 **********
Part Of
Registered Address: GATEWAY BUILDING , APOLLO BUNDER, MUMBAI, Maharashtra, India, 400001

Key Metrics

Founded Year

2015

Location

Mumbai, India

Stage

Acquired

Total Funding

$1.45M in 4 rounds

Latest Funding Round

Seed, Feb 22, 2018, $*****

Last Known Valuation

$***** as on Mar 22, 2022

Investors

Mahindra & 4 more

Ranked

17^th among 1119 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2026

Employee Count

15,407 as on Aug 31, 2025

Similar Companies

The Climate & 744 more

Exit Details

Acquired by Mahindra (Mar 22, 2022)

View Carnot's full profile

Carnot is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Mahindra And Mahindra Limited CIN: L65990MH1945PLC004558 , India, Active	Oct 02, 1945	₹1,000+ Cr (As on Mar 31, 2026)	22779 (As on Apr 01, 2026)
CARNOT TECHNOLOGIES PRIVATE LIMITED CIN: U72300MH2015PTC267700 , India, Active	Aug 24, 2015	₹10 - ₹50 Cr (As on Mar 31, 2026)	100 (As on May 01, 2026)

Carnot got acquired by Mahindra on Mar 22, 2022 at an acquisition amount of $*****.

Click here to take a look at Carnot's acquisition in detail

Carnot has raised a total funding of $1.45M over 4 rounds. Its first funding round was on Nov 27, 2015. Its latest funding round was a Seed round on Feb 22, 2018 for $*****. 2 investors participated in its latest round. Carnot has 3 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Carnot:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 22, 2018	5999982	Seed	8384063	6462407	2750480	8075062
Jan 17, 2017	2015918	Grant (prize money)	3081847	5505272	4801115	Qualcomm
Apr 12, 2016	3253300	Grant (prize money)	9817545	6228060	2360654	Qualcomm

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View details of Carnot's funding rounds and investors

The founders of Carnot are Pushkar Limaye, Prathamesh Joshi, Rohan Vadgaonkar and Urmil Shah.

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

Pushkar Limaye: Former Co-Founder of Carnot and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 phone number
Prathamesh Joshi: Co-Founder of Carnot.
Rohan Vadgaonkar: Former Co-Founder of Carnot.
Contact Info: 1 phone number
Urmil Shah: Former Co-Founder of Carnot.

Carnot's Board of Directors

Carnot's board has 4 active members. Pushkar Limaye is part of team and Rajeev Goyal, Deven Murarilal Maskara and Ramesh Ramachandran are independent board members.

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

Name	Type	Representing	Status	Duration
Pushkar Limaye	Team	-	Current	11y 0m
Rajeev Goyal	Independent board member	-	Current	4y 5m
ra{fspk	Independent board member	-	Current	7y 6m
ccnqvss	Independent board member	-	Current	2y 3m

View details of Carnot's Founder profiles and Board Members

Carnot's employee count trend

Carnot has 15,407 employees as of Aug 25. The total employee count is 4.0% more than what it was in Aug 24. Here is Carnot's employee count trend over the years:

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Top competitors of Carnot include The Climate, Aerobotics and Ceres AI. Here is the list of Top 10 competitors of Carnot, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	The Climate 2006, St. Louis (United States), Acquired	Digital farming solutions to maximize results and empower farmers	$109M	Index Ventures, New Enterprise Associates ... & 19 others	67/100
2nd	Aerobotics 2014, Cape Town (South Africa), Series B	AI-powered yield forecasting for fruit growers, packers, and marketers	$27.1M	Naspers, Nedbank & 21 others	65/100
3rd	Ceres AI 2014, Oakland (United States), Series D	AI-powered aerial imagery for sustainable agriculture, risk management, and optimized resource use	$96.8M	REMUS, Silicon Badia & 18 others	65/100
4th	Fyllo 2019, Bengaluru (India), Series A	Next-gen agri-intelligence platform using soil, climate, crop sensors, AI analytics, and mobile apps	$6.52M	Shri Goel Investments, India Quotient & 69 others	64/100
5th	SatSure 2017, Bengaluru (India), Series A	Developer of satellite imagery analytics for agriculture and infrastructure monitoring	$28.9M	Baring Private Equity Partners, Promus Ventures ... & 39 others	63/100
6th	IntelinAir 2015, San Jose (United States), Series B	Aerial data insights for agronomic decisions, nitrogen management, and field scouting	$24.5M	Western Technology Investment, Hyde Park Venture Partners ... & 9 others	61/100
7th	Sentera 2014, Saint Paul (United States), Acquired	Developer of precision agriculture technology providing imagery and data-driven insights	$54.7M	S2G Investments, CDPQ & 8 others	61/100
8th	Vivent Biosignals 2012, Gland (Switzerland), Series A	Provider of artificial intelligence solution to decipher plant signals and provides crop health insights directly from plants	$10.3M	AIF, Pymwymic & 4 others	60/100
9th	FarmLogs 2011, Ann Arbor (United States), Acquired	Farm management software for operational, financial insights, and streamlined payments	$37.9M	Hyde Park Venture Partners, HRV & 15 others	59/100
10th	Onesoil Ai 2017, Freienbach (Switzerland), Series A	AI and satellite-based precision farming solutions for farmers	$7.86M	Almaz Capital, Bulba Ventures & 9 others	59/100
17th	Carnot 2015, Mumbai (India), Acquired	Online platform providing IoT-based solutions for agriculture sector with offerings in farm machinery management	$1.45M	Qualcomm, Mahindra & 3 others	56/100