When was IndieSemiC founded?

IndieSemiC was founded in 2022 and raised its 1st funding round 2 years after it was founded.

Where is IndieSemiC located?

IndieSemiC is headquartered in Ahmedabad, India. It is registered at A-1101, B-1101, THE FIRST B/H KESHAVBAUG PARTY PLOT, VASTRAPUR, Ahmedabad, Ahmedabad, Gujarat, India, 380015.

Who is the current CEO of IndieSemiC?

Nikul Shah of IndieSemiC. They have also founded 1 company.

Which legal entities is IndieSemiC associated with?

IndieSemiC is associated with INDIESEMIC PRIVATE LIMITED.

How many employees does IndieSemiC have?

As of May 31, 2026, the latest employee count at IndieSemiC is 32.

Is IndieSemiC a funded company?

IndieSemiC is a funded company, having raised a total of $740K across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 23, 2024.

How much is IndieSemiC worth?

The latest valuation of IndieSemiC is ₹***** as of Mar 03, 2026.

When was the latest funding round of IndieSemiC?

IndieSemiC's latest funding was a $***** Seed round on Jan 23, 2026, with participation from 2 investors.

What is the annual revenue of IndieSemiC?

Annual revenue of IndieSemiC is less than ₹10 Cr as on Mar 31, 2025

Where does IndieSemiC rank among its competitors?

IndieSemiC ranks 34th amongst 231 active competitors, of which 36 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Tsinghua Unigroup, which secured $64.9M in Jul, 2026.

Who are the top competitors of IndieSemiC?

IndieSemiC's top competitors include Tsinghua Unigroup, Qorvo and Mindgrove. Among them, Tsinghua Unigroup secured the most recent funding round in July, 2026.

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

IndieSemiC is a seed company based in Ahmedabad (India), founded in 2022 by Nikul Shah and Jinal Shah. It operates as a Manufacturer of semiconductor chipsets and wireless modules. IndieSemiC has raised $740K in funding, with a current valuation of ₹*****. The company has 231 active competitors, including 36 funded and 40 that have exited. Its top competitors include companies like Tsinghua Unigroup, Qorvo and Mindgrove.

Company Details

Manufacturer of semiconductor chipsets and wireless modules. The company specializes in the design and development of integrated circuits and radio frequency modules for embedded systems. Expertise includes the creation of hardware solutions for wireless connectivity and data transmission across various industrial and consumer applications. The focus remains on engineering high-performance components that support modern electronic infrastructure and device integration. PF = Yes

Website: indiesemic.com
Email ID: *****@indiesemic.com
Phone Number: +91 **********
Registered Address: A-1101, B-1101, THE FIRST B/H KESHAVBAUG PARTY PLOT, VASTRAPUR, Ahmedabad, Ahmedabad, Gujarat, India, 380015

Key Metrics

Founded Year

2022

Location

Ahmedabad, India

Stage

Seed

Total Funding

$740K in 3 rounds

Latest Funding Round

Seed, Jan 23, 2026, $*****

Post Money Valuation

₹***** as on Mar 03, 2026

Ranked

34^th among 231 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

32 as on May 31, 2026

Similar Companies

Tsinghua Unigroup & 266 more

View IndieSemiC's full profile

IndieSemiC is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
INDIESEMIC PRIVATE LIMITED CIN: U31909GJ2022PTC134958 , India, Active	Aug 25, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	32 (As on May 31, 2026)

IndieSemiC has raised a total funding of $740K over 3 rounds. Its first funding round was on Sep 23, 2024. Its latest funding round was a Seed round on Jan 23, 2026 for $*****. 2 investors participated in its latest round.

Here is the list of recent funding rounds of IndieSemiC:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 23, 2026	5897675	Seed	8133058	3752798	8913494	3708011
Jun 25, 2025	3495429	Seed	6112826	1003406	3483003	Anilbhai Jaswantlal Mehta & 5 more
Sep 23, 2024	1383544	Seed	9466579	3901952	4699222	AIC GUSEC

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View details of IndieSemiC's funding rounds and investors

The founders of IndieSemiC are Nikul Shah and Jinal Shah. Nikul Shah is the CEO of IndieSemiC.

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

Nikul Shah: Co-Founder & CEO of IndieSemiC. They serve on the board of 1 company.
Contact Info: 1 email address
Jinal Shah: Co-Founder & CMO of IndieSemiC. They serve on the board of 1 company.
Contact Info: 1 email address

IndieSemiC's Board of Directors

IndieSemiC's board has 4 active members. Nikul Shah, Umesh Satishkumar Uttamchandani, Jinal Nikul Shah and Jinal Shah are part of team.

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

Name	Type	Representing	Status	Duration
Jinal Shah	Team	-	Current	4y 0m
qcp{hgw	Team	-	Past	7y 8m
Umesh Satishkumar Uttamchandani	Investor	-	Current	4y 0m

View details of IndieSemiC's Founder profiles and Board Members

IndieSemiC's employee count trend

IndieSemiC has 32 employees as of May 26. The total employee count is 78.0% more than what it was in May 25. Here is IndieSemiC's employee count trend over the years:

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Top competitors of IndieSemiC include Tsinghua Unigroup, Qorvo and Mindgrove. Here is the list of Top 10 competitors of IndieSemiC, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tsinghua Unigroup 1988, Beijing (China), Acquired	Semiconductor and electronics device manufacturer	$1.52B	Zhongwu Investment, Haichen Huitou & 5 others	70/100
2nd	Qorvo 1991, Greensboro (United States), Public	Manufacturer of radio frequency (RF) and power solutions for multiple industries	-	USVP, Tensility Venture Partner & 3 others	69/100
3rd	Mindgrove 2021, Chennai (India), Series A	Developer of system on chips for IoT, vision, and edge applications	$10.6M	Peak XV Partners, Speciale Invest & 13 others	66/100
4th	HrdWyr 2023, Bengaluru (India), Series A	Manufacturer of intelligent edge system on chip hardware for processing	$13M	Ideaspring Capital, Avatar Growth Capital ... & 2 others	62/100
5th	Sensesemi 2014, Bengaluru (India), Seed	Platform offering ultra‑low‑power AIoT SoCs that integrate microcontrollers, wireless connectivity, AI accelerators, and security for smart‑home	$2.7M	Piper Serica, Jainoncor & 9 others	59/100
6th	BigEndian 2024, Bengaluru (India), Seed	Developer of integrated circuits, microprocessors, and custom system-on-chip designs	$9M	Indian Angel Network, Vertex Ventures & 7 others	59/100
7th	Sequans 2003, Colombes (France), Acquired	Provider of cellular IoT chips, modules, and intellectual property solutions	$53.8M	Kennet Partners, Swisscom Ventures & 15 others	58/100
8th	Saankhya Labs 2007, Bengaluru (India), Acquired	Provider of software defined radio based modules for video and data communication	$27.9M	Sinclair Broadcast Group, GM Ventures & 51 others	57/100
9th	Qualinx 2015, Delft (Netherlands), Series B	Developer of reconfigurable GNSS solutions for positioning, tracking, and timing	$42.4M	Waterman Ventures, InnovationQuarter & 4 others	57/100
10th	ClariPhy 2002, Irvine (United States), Acquired	ICs for high speed communication	$117M	Norwest, Padtec & 9 others	56/100
34th	IndieSemiC 2022, Ahmedabad (India), Seed	Manufacturer of semiconductor chipsets and wireless modules	$740K	-	51/100

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Founders (largest shareholder) own 56.24%, Funds own 15.13%, Enterprises own 24.38% and Angels own 4.25%. The net worth of IndieSemiC's founders is INR 60Cr as of Mar 03, 2026.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	56.24%	60Cr	5377905	9980819	4784146	2672662
Jinal Shah	9181291	6050690	7475565	7691769	3352345	9115257
Nikul Shah	8877107	6369193	7743879	2065647	9989492	6317051
Fund	15.13%	16.1Cr	7957466	2206106	1123305	8208719
AIC GUSEC	0	0	0	0	0	0
Gujarat University Startup and Entrepreneurship Council	0	0	0	0	0	0
Enterprise	24.38%	26Cr	1368743	9138316	3299195	5061521
Angel	4.25%	4.54Cr	5088	8939	6603	3459
Anilbhai Jaswantlal Mehta	0	0	0	0	0	0
Anshul Shah	0	0	0	0	0	0
Total	100.00%	107Cr	7948954	1741954	8733482	6136973