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, the latest employee count at GraspIO is 4.

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.

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.

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 43rd amongst 216 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, Raspberry Pi and Arduino. 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, Shanmugha Tumkur Srinivas and Kishore Varma Konduru. It operates as a Prototyping platform for IoT. GraspIO has raised $519K in funding, with a current valuation of $*****. The company has 216 active competitors, including 17 funded and 11 that have exited. Its top competitors include companies like Alif Semiconductor, Raspberry Pi and Arduino.

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

43^rd among 216 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2023

Employee Count

4 as on Jan 31, 2023

Similar Companies

Alif Semiconductor & 287 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	Reports
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	7400713	Angel	7953217	1312638	1225047	2527913
Oct 02, 2016	3791546	Seed	7439661	8790415	2883654	IIMA Ventures
Jun 19, 2015	4400706	Seed	2439303	1878833	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, Shanmugha Tumkur Srinivas and Kishore Varma Konduru.

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.
Shanmugha Tumkur Srinivas: Co-Founder of GraspIO. They serve on the board of 1 company.
Kishore Varma Konduru: Co-Founder of GraspIO. They serve on the board of 1 company.

GraspIO's Board of Directors

GraspIO's board has 3 active members. Shanmugha Tumkur Srinivas, Kishore Varma Konduru 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 5m
rcequqv	Team	-	Past	4y 8m
uvqpjvd	Team	-	Past	8y 7m
zkxlwdy	Team	-	Current	3y 4m
egwcvci	Independent board member	-	Past	6y 1m

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, Raspberry Pi and Arduino. 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	69/100
2nd	Raspberry Pi 2012, Cambridge (United Kingdom), Public	Developer and manufacturer of computing hardware and software solutions for businesses and individuals	$45M	Lansdowne Partners, Arm & 2 others	66/100
3rd	Arduino 2005, Malmo (Sweden), Acquired	Provider of an open-source electronics prototyping platform	$54M	Robert Bosch Venture Capital, Anzu Partners ... & 4 others	65/100
4th	Raspberry Pi 2008, Cambridge (United Kingdom), Series C	Provider of single board computers for educational purposes	$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	M5Stack 2015, Guangdong (China), Seed	Open source, modular toolkit for IoT development	-	HAX, SOSV & 1 others	47/100
7th	Vivoka 2015, Metz (France), Seed	Provider of speech recognition software for various sectors	$3.45M	Etchart, MCH Gestion & 3 others	47/100
8th	SDT Inc 2017, Seoul (South Korea), Funding Raised	Provider of cloud-based IoT development kits	-	Now IB Capital, Spacetime Investment	43/100
9th	OpenBCI 2013, Brooklyn (United States), Seed	Provider of an open-source brain-computer interface	$2.06M	NaHCO3, re.Mind Capital & 2 others	42/100
10th	Edgehax 2025, Bengaluru (India), Seed	Manufacturer of industrial grade hardware for edge artificial intelligence applications	$163K	Inflection Point Ventures, Pontaq & 18 others	40/100
43rd	GraspIO 2011, Bengaluru (India), Seed	Prototyping platform for IoT	$519K	IIMA Ventures, Dalal & Broacha & 27 others	27/100

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GRASP IO INNOVATIONS PRIVATE LIMITED, the legal entity associated with GraspIO, generated less than ₹10 Cr in revenue for the financial year ending on Mar 31, 2023. The revenue of GRASP IO INNOVATIONS PRIVATE LIMITED has a compounded annual growth rate (CAGR) of -16% in the last 1 year.

Financial Statement Summary

Metrics	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20	FY 2018-19
Income Statement
Revenue	8936	9009	8256	1859	9009
Total Sales	8970	9225	2076	4717	4591
Total Expenses	8436	8026	4175	4157	5154
Operating Expenses	5322	3827	8294	9215	4739
Employee Expenses	3045	8493	1457	2466	9180
Operating Income (EBIT)	2861	3388	1650	4078	3812
Interest Expenses	9655	9722	2811	1360	3703
Expenses from other activities	9964	8498	5456	4435	2039
EBITDA	3641	5992	2826	4309	7123
Taxes	6410	5713	5082	6862	2056
Net Profit	7187	8323	7592	9723	4993
Balance Sheet
Assets	6566	4423	2457	1250	8842
Accounts Receivables	9669	5457	3091	4613	9731
Inventory	6561	7584	6333	9680	2071
Liabilities	7072	2758	2970	5614	1101
Total Debt	9081	6006	3410	9787	1513
Accounts Payable	5793	9098	3712	6706	8606
Equities	7275	2705	1714	4494	3644

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

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. The cap table displayed below is for GRASP IO INNOVATIONS PRIVATE LIMITED which is the legal entity associated with GraspIO.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	51.00%	10.2Cr	3491567	5202650	7517039	2769554
Shanmugha Tumkur Srinivas	4138653	7301206	3207343	3902406	3294700	7079917
Kishore Varma Konduru	9056142	7608673	3003116	1267801	1347392	9319575
Fund	1.00%	20L	3	6	5	3
Enterprise	9.55%	1.91Cr	1321041	2179011	8344443	7911890
Angel	38.45%	7.69Cr	5787842	8118012	7025162	6935434
Salim Pyarali Govani	2351083	9799817	9081086	3371500	7926657	6052149
Total	100.00%	20Cr	4483561	9017150	8343386	7061526