When was OctoLife founded?

OctoLife was founded in 2024 and raised its 1st funding round within a year of its incorporation.

Where is OctoLife located?

OctoLife is headquartered in Bengaluru, India. It is registered at HD-596, WE WORK PRESTIGE, ATLANTA, 80 FEET ROAD, Koramangala I Block, Bangalore, Bangalore South, Karnataka, India, 560034.

Which legal entities is OctoLife associated with?

OctoLife is associated with OCTOLIFE CLIMATE SOLUTIONS PRIVATE LIMITED.

How many employees does OctoLife have?

As of May 31, 2025, the latest employee count at OctoLife is 10.

Is OctoLife a funded company?

OctoLife is a funded company, having raised a total of $11.9M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Sep 24, 2024.

How much is OctoLife worth?

The latest valuation of OctoLife is ₹***** as of Dec 23, 2025.

When was the latest funding round of OctoLife?

OctoLife's latest funding was a $***** Series A round on Dec 23, 2025, with participation from 7 investors. Its primary sector is Energy Efficiency Tech. In India, the Energy Efficiency Tech sector has seen $15.4M in funding in 2026 to date.

What is the annual revenue of OctoLife?

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

Where does OctoLife rank among its competitors?

OctoLife ranks 3rd amongst 23 active competitors, of which 6 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Frore Systems, which secured $143M in Mar, 2026.

Who are the top competitors of OctoLife?

OctoLife's top competitors include Phononic, Frore Systems and Transaera. Among them, Frore Systems secured the most recent funding round in March, 2026.

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

OctoLife is a series A company based in Bengaluru (India), founded in 2024 by Ashish Goel. It operates as a Developer of sustainable and accessible cooling solutions. OctoLife has raised $11.9M in funding from investors like Accel, Arkam Ventures and Sparrow Capital, with a current valuation of ₹*****. The company has 23 active competitors, including 6 that are funded. Its top competitors include companies like Phononic, Frore Systems and Transaera.

Company Details

Developer of sustainable and accessible cooling solutions. It iffers HVAC solutions and the technology focuses on reducing environmental impact while providing effective thermal comfort. The company's approach involves hands-on engineering and deep technological innovation.

Website: octolife.in
Email ID: *****@octolife.in
Registered Address: HD-596, WE WORK PRESTIGE, ATLANTA, 80 FEET ROAD, Koramangala I Block, Bangalore, Bangalore South, Karnataka, India, 560034

Key Metrics

Founded Year

2024

Location

Bengaluru, India

Stage

Series A

Total Funding

$11.9M in 2 rounds

Latest Funding Round

Series A, Dec 23, 2025, $*****

Post Money Valuation

₹***** as on Dec 23, 2025

Investors

Accel & 34 more

Ranked

3^rd among 23 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

10 as on May 31, 2025

Similar Companies

Frore Systems & 7 more

View OctoLife's full profile

OctoLife is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
OCTOLIFE CLIMATE SOLUTIONS PRIVATE LIMITED CIN: U35302HR2024PTC141789 , India, Active	Aug 09, 2024	0 - ₹10 Cr (As on Mar 31, 2025)	11 (As on Jun 01, 2025)

OctoLife has raised a total funding of $11.9M over 2 rounds. Its first funding round was on Sep 24, 2024. Its latest funding round was a Series A round on Dec 23, 2025 for $*****. 7 investors participated in its latest round. OctoLife has 10 institutional investors and 25 angel investors.

Here is the list of recent funding rounds of OctoLife:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 23, 2025	4113899	Series A	5926976	9949861	5577743	6142123
Sep 24, 2024	1564837	Series A	6015231	6169099	Sparrow Capital & 1 more	Pejavar Rohit Bhat & 17 more

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View details of OctoLife's funding rounds and investors

The founders of OctoLife is Ashish Goel.

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

Ashish Goel: Co-Founder of OctoLife and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 2 email addresses and 1 phone number

OctoLife's Board of Directors

OctoLife's board has 2 active members. Ashish Goel and Pranav Chopra are part of team.

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

Name	Type	Representing	Status	Duration
Ashish Goel	Team	-	Current	1y 8m
Pranav Chopra	Team	-	Current	2y 0m

View details of OctoLife's Founder profiles and Board Members

OctoLife's employee count trend

OctoLife has 10 employees as of May 25. Here is OctoLife's employee count trend over the years:

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Top competitors of OctoLife include Phononic, Frore Systems and Transaera. Here is the list of Top 10 competitors of OctoLife, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Phononic 2009, Durham (United States), Series F	Providing solid state thermal management solutions	$230M	Oak Investment Partners, Venrock & 19 others	70/100
2nd	Frore Systems 2018, San Jose (United States), Series D	Provider of advanced thermal management and cooling technologies	$340M	Fidelity Investments, Qualcomm Ventures & 8 others	59/100
3rd	OctoLife 2024, Bengaluru (India), Series A	Developer of sustainable and accessible cooling solutions	$11.9M	Accel, Blume Venture & 33 others	50/100
4th	Transaera 2017, Cambridge (United States), Seed	Developer of advanced heat pump systems for dehumidifying, cooling, and heating	$12.8M	Clean Energy Ventures, Masscec & 13 others	46/100
5th	RMT 1994, Moscow (Russia), Early Stage	Provider of thermoelectric cooling systems	$10M	Rusnano, S-Group Capital Management & 1 others	40/100
6th	Shift Thermal 2017, Oak Ridge (United States), Seed	Provider of ice thermal energy storage solutions for HVAC systems	$1M	Queen City Angels, 3Rootscapital & 7 others	39/100
7th	II-VI Marlow 1973, Dallas (United States), Unfunded	Provider of technical staffing services for various skill levels	-	-	32/100
8th	TE Technology 1989, Traverse City (United States), Unfunded	Provider of thermoelectric cooling products	-	-	30/100
9th	GemaTEG 2018, Bellevue (United States), Funding Raised	Developer of thermal management solutions for high-performance computing and AI	-	-	30/100
10th	Flash Cryogenics 2024, Mumbai (India), Funding Raised	Provider of cryogenic cooling solutions	-	SINE	29/100

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Founders (largest shareholder) own 52.34%, Funds own 35.16%, Angels own 1.92% and Other People own 2.75%. The net worth of OctoLife's founders is INR 182Cr as of Dec 23, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	52.34%	182Cr	4100474	1472107	7962226	3133540
Ashish Goel	8029629	1513551	9428511	2413784	8827287	3116791
Fund	35.16%	122Cr	1665401	8301881	3857773	3661301
Accel	6100622	6951877	9217051	2352626	9576295	1396287
Arkam Ventures	9742705	1725179	9859862	9156223	9478453	3578605
Sparrow Capital	44	70	38	76	83	73
Angel	1.92%	6.67Cr	3	7	4	8
Other People	2.75%	9.56Cr	70	75	60	35
ESOP Pool	7.83%	27.2Cr	8994273	2314834	3115653	8400201
Total	100.00%	347Cr	6218838	7157931	4871056	1984815