When was iXR Labs founded?

iXR Labs was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is iXR Labs located?

iXR Labs is headquartered in Gurugram, India. It is registered at 403, 4th Floor, Mall of Jaipur, Gandhi Path, Vaishali Nagar, Jaipur, Jaipur, Rajasthan, India, 302021.

Who is the current CEO of iXR Labs?

Nihar Madkaiker of iXR Labs. They have also founded 1 company.

Which legal entities is iXR Labs associated with?

iXR Labs is associated with IXRLABS LEARNING SOLUTIONS PRIVATE LIMITED.

How many employees does iXR Labs have?

As of May 31, 2025, iXR Labs has 15 employees, reflecting a 34% year-over-year decline in headcount.

Is iXR Labs a funded company?

iXR Labs is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Dec 12, 2022.

When was the latest funding round of iXR Labs?

iXR Labs' latest funding was a $***** Seed round on Dec 12, 2022, with participation from 0 investor. Its primary sector is Virtual Reality. Globally, the Virtual Reality sector has seen $38.5M in funding in 2026 to date.

What is the annual revenue of iXR Labs?

Annual revenue of iXR Labs is ₹1.12Cr as on Mar 31, 2025.

Where does iXR Labs rank among its competitors?

iXR Labs ranks 29th amongst 286 active competitors, of which 45 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was zSpace, which secured $3M in Jan, 2026.

Who are the top competitors of iXR Labs?

iXR Labs' top competitors include Merge, zSpace and Practically. Among them, zSpace secured the most recent funding round in January, 2026.

iXR Labs - 2026 Company Profile, Team, Funding, Competitors & Financials

iXR Labs is a seed company based in Gurugram (India), founded in 2020 by Nihar Madkaiker. It operates as a Provider of virtual reality based education solution. iXR Labs has raised $800K in funding. The company has 286 active competitors, including 45 funded and 4 that have exited. Its top competitors include companies like Merge, zSpace and Practically.

Company Details

Provider of virtual reality based education solution. It offers VR tours and experiments for engineering education and helps candidates in getting ready for real-world applications. Also allows users to learn and experiment with medical and science education in a real-time virtual environment. Clients include Tata, MBD Group, NIIT, Orient BlackSwan, and others.

Website: www.ixrlabs.com/
Social
Phone Number: +91 **********
Registered Address: 403, 4th Floor, Mall of Jaipur, Gandhi Path, Vaishali Nagar, Jaipur, Jaipur, Rajasthan, India, 302021

Key Metrics

Founded Year

2020

Location

Gurugram, India

Stage

Seed

Total Funding

$800K in 1 round

Latest Funding Round

Seed, Dec 12, 2022, $*****

Ranked

29^th among 286 active competitors

Annual Revenue

₹1.12Cr as on Mar 31, 2025

Employee Count

15 as on May 31, 2025

Similar Companies

Merge & 261 more

View iXR Labs' full profile

iXR Labs is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
IXRLABS LEARNING SOLUTIONS PRIVATE LIMITED CIN: U80904RJ2020PTC070817 , India, Active	Sep 05, 2020	$133K (As on Mar 31, 2025)	16 (As on Aug 01, 2025)

iXR Labs has raised a total funding of $800K over 1 round.

Here is the list of recent funding rounds of iXR Labs:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 12, 2022	1103935	Seed	9680655	7041661	1882782	8000729

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View details of iXR Labs's funding rounds and investors

The founders of iXR Labs is Nihar Madkaiker. Nihar Madkaiker is the CEO of iXR Labs.

Here are the details of iXR Labs' key team members:

Nihar Madkaiker: Co-Founder & CEO of iXR Labs.
Contact Info: 1 email address and 1 phone number

iXR Labs' Board of Directors

iXR Labs's board has 2 active members. Arjun Singh and Poonam Arjun are independent board members.

Here is the list of iXR Labs' board of directors:

Name	Type	Representing	Status	Duration
Arjun Singh	Independent board member	-	Current	5y 7m
wpcalmq	Independent board member	-	Current	5y 9m

View details of iXR Labs's Founder profiles and Board Members

iXR Labs' employee count trend

iXR Labs has 15 employees as of May 25. The total employee count is 35.0% lower than what it was in May 24. Here is iXR Labs's employee count trend over the years:

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Top competitors of iXR Labs include Merge, zSpace and Practically. Here is the list of Top 10 competitors of iXR Labs, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Merge 2014, San Antonio (United States), Series A	Provider of an augmented and virtual reality based educational solution	$11.5M	Rothenberg Ventures, Tech Coast Angels & 4 others	66/100
2nd	zSpace 2007, San Jose (United States), Public	Provider of an AR/VR headset for learning experiences	$79.1M	Runway Growth Capital, Planet One Group & 5 others	64/100
3rd	Practically 2018, Hyderabad (India), Series A	Developer of an experiential self-learning application for students	$24M	Exfinity Venture Partners, Siana Capital ... & 30 others	63/100
4th	Labster 2011, Somerville (United States), Series C	Provider of virtual laboratory simulations and interactive 3D science models	$147M	Balderton Capital, Owl Ventures & 19 others	58/100
5th	EON Reality 1999, Irvine (United States), Funding Raised	Provider of a global leader in AI-assisted XR solutions for education and industry transfer knowledge effectively	-	HHS	57/100
6th	Dreamscape Learn 2019, Culver City (United States), Series A	Online platform offering VR-based learning solutions for students	$20M	Bold Capital Partners, Verizon & 3 others	56/100
7th	3DBear 2016, New York City (United States), Seed	Provider of online gamified learning platform	$4.4M	Brand Capital International, Oppiva Invest ... & 11 others	54/100
8th	Inspirit 2017, Palo Alto (United States), Seed	Provider of virtual labs for Science Education	$3.9M	Sierra Ventures, Unshackled Ventures & 15 others	49/100
9th	ClassVR 2014, Gloucester (United Kingdom), Unfunded	Provide of AR & VR solutions for education and training	-	-	47/100
10th	EnggOnline 2005, Mumbai (India), Seed	Provider of virtual reality and augmented reality engineering training modules	$6.88M	Unbound Venture com India, Sanatan Financial Advisory ... & 44 others	46/100
29th	iXR Labs 2020, Gurugram (India), Seed	Provider of virtual reality based education solution	$800K	-	37/100