When was GraspIO founded?

GraspIO was founded in 2011 and raised its 1st funding round 4 years after it was founded.

Where is GraspIO located?

GraspIO is headquartered in Bengaluru, India. It is registered at #5, 1st Floor , 4th Stage, 3rd Block, Basaveshwaranagar, Bangalore, Bangalore, Karnataka, India, 560079.

Which legal entities is GraspIO associated with?

GraspIO is associated with GRASP IO INNOVATIONS PRIVATE LIMITED.

How many employees does GraspIO have?

As of Jan 31, 2023, GraspIO has 4 employees, reflecting a 20% year-over-year decline in headcount.

Is GraspIO a funded company?

GraspIO is a funded company, having raised a total of $519K across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 19, 2015.

How much is GraspIO worth?

The latest valuation of GraspIO is $***** as of Oct 02, 2016. This marks a decline of 3% from its peak valuation of $3.08M in Jun, 2015. This marks a decline of 3% from its peak valuation of $3.08M in Jun, 2015.

When was the latest funding round of GraspIO?

GraspIO's latest funding was a $***** Angel round on May 23, 2017, with participation from 9 investors. Its primary sector is Embedded Systems. In India, the Embedded Systems sector has seen $30M in funding in 2026 to date.

What is the annual revenue of GraspIO?

Annual revenue of GraspIO is less than ₹10 Cr as on Mar 31, 2023

Where does GraspIO rank among its competitors?

GraspIO ranks 38th amongst 210 active competitors, of which 17 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Edgehax, which secured an undisclosed amount in Nov, 2025.

Who are the top competitors of GraspIO?

GraspIO's top competitors include Alif Semiconductor, Arduino and Raspberry Pi. Among them, Edgehax secured the most recent funding round in November, 2025.

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

GraspIO is a seed company based in Bengaluru (India), founded in 2011 by Sacheth Kadam, Kishore Varma Konduru and Shanmugha Tumkur Srinivas. It operates as a Prototyping platform for IoT. GraspIO has raised $519K in funding, with a current valuation of $*****. The company has 210 active competitors, including 17 funded and 11 that have exited. Its top competitors include companies like Alif Semiconductor, Arduino and Raspberry Pi.

Company Details

Grasp IO offers a prototyping platform enabling users to quickly build IoT and Robotics. It offers Cloudio, a DIY Raspberry Pi add-on board with drag-n-drop programming interface on iOS and Android devices. The board is equipped with a 0.96-inch OLED display, IR sensor, light sensor, temperature sensor, tactile switch, three ADC ports, a mini servomotor port for external sensors, three digital output ports, an RGB LED, and a buzzer. Applications include voice control, speech output, IFTTT integration, sensor monitoring, custom and camera notifications etc. As of March 2018, it is priced at $39.99. The product is manufactured and distributed by Premier Farnell UK Limited and member companies of Premier Farnell Group.

Website: grasp.io
Social
Email ID: *****@grasp.io
Registered Address: #5, 1st Floor , 4th Stage, 3rd Block, Basaveshwaranagar, Bangalore, Bangalore, Karnataka, India, 560079

Key Metrics

Founded Year

2011

Location

Bengaluru, India

Stage

Seed

Total Funding

$519K in 3 rounds

Latest Funding Round

Angel, May 23, 2017, $*****

Post Money Valuation

$***** as on Oct 02, 2016

Investors

Salim Pyarali Govani & 28 more

Ranked

38^th among 210 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2023

Employee Count

4 as on Jan 31, 2023

Similar Companies

Alif Semiconductor & 282 more

View GraspIO's full profile

GraspIO is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
GRASP IO INNOVATIONS PRIVATE LIMITED CIN: U72200KA2011PTC060040 , India, Active	Aug 18, 2011	0 - ₹10 Cr (As on Mar 31, 2023)	4 (As on Jan 31, 2023)

GraspIO has raised a total funding of $519K over 3 rounds. Its first funding round was on Jun 19, 2015. Its latest funding round was a Angel round on May 23, 2017 for $*****. 9 investors participated in its latest round. GraspIO has 2 institutional investors and 27 angel investors.

Here is the list of recent funding rounds of GraspIO:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 23, 2017	3269206	Angel	3506446	4251966	6110263	8800983
Oct 02, 2016	4927483	Seed	6645872	5869456	7983178	IIMA Ventures
Jun 19, 2015	4598249	Seed	4816396	1908156	Salim Pyarali Govani & 1 more	Dalal & Broacha & 12 more

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View details of GraspIO's funding rounds and investors

The founders of GraspIO are Sacheth Kadam, Kishore Varma Konduru and Shanmugha Tumkur Srinivas.

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

Sacheth Kadam: Co-Founder of GraspIO and founder of 2 other companies, ARMOUR and 56 Secure. They serve on the boards of 2 companies.
Kishore Varma Konduru: Co-Founder of GraspIO. They serve on the board of 1 company.
Shanmugha Tumkur Srinivas: Co-Founder of GraspIO. They serve on the board of 1 company.

GraspIO's Board of Directors

GraspIO's board has 3 active members. Kishore Varma Konduru, Shanmugha Tumkur Srinivas and Abhijit Adiga are part of team.

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

Name	Type	Representing	Status	Duration
Kishore Varma Konduru	Team	-	Current	11y 4m
wnkc{go	Team	-	Past	1y 7m
hvqlowc	Team	-	Past	7y 1m
jcal{kh	Team	-	Current	2y 5m
olxljwq	Independent board member	-	Past	6y 7m

View details of GraspIO's Founder profiles and Board Members

GraspIO's employee count trend

GraspIO has 4 employees as of Jan 23. The total employee count is 20.0% lower than what it was in Jan 22. Here is GraspIO's employee count trend over the years:

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Top competitors of GraspIO include Alif Semiconductor, Arduino and Raspberry Pi. Here is the list of Top 10 competitors of GraspIO, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Alif Semiconductor 2019, Pleasanton (United States), Acquired	Provider of processors and microcontrollers for AI computing	$72.4M	Celesta Capital, Kleiner Perkins & 3 others	67/100
2nd	Arduino 2005, Malmo (Sweden), Acquired	Provider of an open-source electronics prototyping platform	$54M	Robert Bosch Venture Capital, Anzu Partners ... & 4 others	64/100
3rd	Raspberry Pi 2008, Cambridge (United Kingdom), Series C	Provider of single board computers for educational purposes	$45M	Lansdowne Partners, Arm & 1 others	64/100
4th	Raspberry Pi 2012, Cambridge (United Kingdom), Public	Developer and manufacturer of computing hardware and software solutions for businesses and individuals	$45M	Lansdowne Partners, Arm & 1 others	64/100
5th	IAR Systems 1983, Uppsala (Sweden), Public	Developer of embedded development software and tools for various industries	-	-	50/100
6th	Vivoka 2015, Metz (France), Seed	Provider of speech recognition software for various sectors	$3.45M	Etchart, MCH Gestion & 3 others	50/100
7th	OpenBCI 2013, Brooklyn (United States), Seed	Provider of an open-source brain-computer interface	$2.06M	NaHCO3, re.Mind Capital & 2 others	44/100
8th	M5Stack 2015, Guangdong (China), Seed	Open source, modular toolkit for IoT development	-	HAX, SOSV & 1 others	44/100
9th	Edgehax 2025, Bengaluru (India), Seed	Manufacturer of industrial grade hardware for edge artificial intelligence applications	$163K	Inflection Point Ventures, Pontaq & 18 others	40/100
10th	SDT Inc 2017, Seoul (South Korea), Funding Raised	Provider of cloud-based IoT development kits	-	Now IB Capital, Spacetime Investment	40/100
38th	GraspIO 2011, Bengaluru (India), Seed	Prototyping platform for IoT	$519K	IIMA Ventures, Dalal & Broacha & 27 others	28/100

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Founders (largest shareholder) own 51.00%, Funds own 1.00%, Enterprises own 9.55% and Angels own 38.45%. The net worth of GraspIO's founders is INR 10.2Cr as of Oct 02, 2016.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	51.00%	10.2Cr	1211627	1262704	4311711	3745066
Shanmugha Tumkur Srinivas	8580427	7890031	2370945	1449019	5930029	7540295
Kishore Varma Konduru	5870495	3400782	6159503	5031755	8414570	3925901
Fund	1.00%	20L	6	5	2	5
Enterprise	9.55%	1.91Cr	6623525	4042474	6729795	2998670
Angel	38.45%	7.69Cr	8197298	2489280	5135865	2558300
Salim Pyarali Govani	6908007	3898013	2534296	3806210	2011964	6442520
Total	100.00%	20Cr	2158258	5180683	3942561	4421859