GraspIO - About the company
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 198 active competitors, including 18 funded and 10 that have exited. Its top competitors include companies like Raspberry Pi, 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
Post Money Valuation
₹***** as on Oct 02, 2016
Investors
Ranked
38th among 198 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2023
Employee Count
4 as on Jan 31, 2023
Similar Companies
Legal entities associated with GraspIO
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) |
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GraspIO's funding and investors
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 | 6697656 | Angel | 4877759 | 4541553 | 7900384 | 2638051 |
Oct 02, 2016 | 3926079 | Seed | 9410712 | 9175723 | 7073944 | |
Jun 19, 2015 | 6632467 | Seed | 1111127 | 7572524 |
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GraspIO's founders and board of directors
Founder? Claim ProfileHere 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 |
|---|---|---|---|---|
Team | - | Current | 11y 1m | |
ulupmwe | Team | - | Past | 4y 7m |
yjwyoay | Team | - | Past | 7y 1m |
aepzjj{ | Team | - | Current | 6y 2m |
jcxsxop | Independent board member | - | Past | 7y 4m |
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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GraspIO's Competitors and alternates
Top competitors of GraspIO include Raspberry Pi, Arduino and Raspberry Pi. Here is the list of Top 10 competitors of GraspIO, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Raspberry Pi 2012, Cambridge (United Kingdom), Public | Developer and manufacturer of computing hardware and software solutions for businesses and individuals | $45M | 68/100 | |
2nd | Provider of an open-source electronics prototyping platform | $54M | 65/100 | ||
3rd | Raspberry Pi 2008, Cambridge (United Kingdom), Series C | Provider of single board computers for educational purposes | $45M | 64/100 | |
4th | Alif Semiconductor 2019, Pleasanton (United States), Series B | Provider of processors and microcontrollers for AI computing | $72.4M | 64/100 | |
5th |  IAR Systems 1983, Uppsala (Sweden), Public | Developer of embedded development software and tools for various industries | - | - | 54/100 |
6th | Provider of speech recognition software for various sectors | $3.45M | 50/100 | ||
7th | Adafruit Industries 2005, New York City (United States), Unfunded | Provider of microcontroller board for embedded systems | - | - | 44/100 |
8th | Open source, modular toolkit for IoT development | - | 44/100 | ||
9th | Bread 2015, Reno (United States), Acquired | Innovative holding company driving growth through strategic alignment and employee empowerment | - | 42/100 | |
10th | Tinkerforge 2011, Schloss Holte Stukenbrock (Germany), Unfunded | Manufacturer of open-source stackable microcontroller building blocks | - | - | 38/100 |
38th | Prototyping platform for IoT | $519K | 28/100 |
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GraspIO's Latest cap tables and shareholding
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 | 8102740 | 3199724 | 3754858 | 3576924 |
4708249 | 8164825 | 9355983 | 5084027 | 6220171 | 7220741 | |
1139503 | 6333753 | 4719225 | 3022856 | 7277716 | 4668299 | |
Fund | 1.00% | 20L | 2 | 8 | 5 | 8 |
Enterprise | 9.55% | 1.91Cr | 9210494 | 7063977 | 2643331 | 9393744 |
Angel | 38.45% | 7.69Cr | 6439886 | 4466004 | 6093739 | 9622912 |
9272846 | 6885224 | 5981391 | 6625032 | 7407441 | 5978374 | |
Total | 100.00% | 20Cr | 1107174 | 2824868 | 8288524 | 6248007 |
To unlock detailed Cap Table of GraspIO Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of GraspIO's Shareholding
GraspIO's Investments and acquisitions
GraspIO has made no investments or acquisitions yet.
Reports related to GraspIO
Here is the latest report on GraspIO's geography:
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