When was PadCare founded?

PadCare was founded in 2018 and raised its 1st funding round within a year of its incorporation.

Where is PadCare located?

PadCare is headquartered in Pune, India. It is registered at H NO-1399, FLAT NO-102, AT-MHASLA NITA RESIDENCY, Raigarh, MHASLA, Maharashtra, India, 402105.

Who is the current CEO of PadCare?

Ajinkya Vikas Dhariya and Aasawari Kane s of PadCare.

Which legal entities is PadCare associated with?

PadCare is associated with PADCARE LABS PRIVATE LIMITED.

How many employees does PadCare have?

As of May 31, 2026, the latest employee count at PadCare is 161.

Is PadCare a funded company?

PadCare is a funded company, having raised a total of $3.74M across 7 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jul 24, 2018.

How much is PadCare worth?

The latest valuation of PadCare is $***** as of Jan 13, 2026.

When was the latest funding round of PadCare?

PadCare's latest funding was a $***** Seed round on Dec 16, 2025, with participation from 6 investors.

What is the annual revenue of PadCare?

Annual revenue of PadCare is between ₹10 Cr and ₹50 Cr as on Mar 31, 2026

Where does PadCare rank among its competitors?

PadCare ranks 1st amongst 3 active competitors, only 1 of which is funded. PadCare, which secured $3M in Dec, 2025.

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

PadCare is a seed company based in Pune (India), founded in 2018 by Ajinkya Vikas Dhariya. It operates as a Manufacturer of sanitary waste disposal bins and recycling processing systems. PadCare has raised $3.74M in funding from investors like BIRAC, Rainmatter and Wellfound, with a current valuation of $*****. The company has 3 active competitors, including 1 that is funded. Its top competitors are Padverse and Diaper Recycling.

Company Details

Manufacturer of sanitary waste disposal bins and recycling processing systems. These systems collect used hygiene products from commercial and residential washrooms for subsequent material recovery. The process involves specialized technology to break down waste components into reusable materials. This approach diverts hygiene waste from landfills and supports waste management efforts at various facilities.

Website: www.padcarelabs.com
Social
Email ID: *****@padcarelabs.com
Phone Number: +91 **********
Registered Address: H NO-1399, FLAT NO-102, AT-MHASLA NITA RESIDENCY, Raigarh, MHASLA, Maharashtra, India, 402105

Key Metrics

Founded Year

2018

Location

Pune, India

Stage

Seed

Total Funding

$3.74M in 7 rounds

Latest Funding Round

Seed, Dec 16, 2025, $*****

Post Money Valuation

$***** as on Jan 13, 2026

Investors

BIRAC & 27 more

Ranked

1^st among 3 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2026

Employee Count

161 as on May 31, 2026

Similar Companies

Padverse & 1 more

View PadCare's full profile

PadCare is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
PADCARE LABS PRIVATE LIMITED CIN: U37100MH2018PTC311712 , India, Active	Jul 10, 2018	₹10 - ₹50 Cr (As on Mar 31, 2026)	161 (As on May 31, 2026)

PadCare has raised a total funding of $3.74M over 7 rounds. Its first funding round was on Jul 24, 2018. Its latest funding round was a Seed round on Dec 16, 2025 for $*****. 6 investors participated in its latest round. PadCare has 23 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of PadCare:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 16, 2025	9657843	Seed	9754984	5463612	7173551	8694358
Dec 16, 2025	2209574	Conventional Debt	5572677	2283826	1481908	Exim Bank & 1 more
Feb 03, 2023	9323629	Angel	1516652	6573682	Peyush Bansal & 3 more	5620303

Access funding benchmarks and valuations. Sign up today!

View details of PadCare's funding rounds and investors

The founders of PadCare is Ajinkya Vikas Dhariya. Ajinkya Vikas Dhariya and Aasawari Kane are the CEOs of PadCare.

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

Ajinkya Vikas Dhariya: Founder & CEO of PadCare. They serve on the board of 1 company.
Contact Info: 1 email address
Aasawari Kane: CEO of PadCare.

PadCare's Board of Directors

PadCare's board has 3 active members. Ajinkya Vikas Dhariya and Pratul Krishnakant Shroff are part of team and Rekha Vikas Dhariya is independent board member.

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

Name	Type	Representing	Status	Duration
Ajinkya Vikas Dhariya	Team	-	Current	8y 2m
tjtmicq	Investor	-	Past	4y 2m
Rekha Vikas Dhariya	Independent board member	-	Current	8y 2m

View details of PadCare's Founder profiles and Board Members

PadCare's employee count trend

PadCare has 161 employees as of May 26. The total employee count is 56.0% more than what it was in May 25. Here is PadCare's employee count trend over the years:

Uncover PadCare's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of PadCare include Padverse and Diaper Recycling. Here is the list of Top 10 competitors of PadCare, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PadCare 2018, Pune (India), Seed	Manufacturer of sanitary waste disposal bins and recycling processing systems	$3.74M	ICICI Bank, 3one4 Capital & 26 others	63/100
2nd	Padverse 2023, Hyderabad (India), Unfunded	Developer oof solutions for menstrual hygiene and waste management	-	-	21/100
3rd	Diaper Recycling 2020, Ede (Netherlands), Unfunded	Provider of diaper and incontinence-product recycling technology	-	-	15/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on PadCare's competitors? Click here to see the top ones

PADCARE LABS PRIVATE LIMITED, the legal entity associated with PadCare, generated between ₹10 Cr and ₹50 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of PADCARE LABS PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 41% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	7445	3406	8286	1760	6325
Total Sales	6817	4232	8211	3199	5574
Total Expenses	8157	8730	7673	2927	2902
Operating Expenses	7286	3286	9865	6960	5241
Employee Expenses	1798	1894	7895	1444	3028
Operating Income (EBIT)	4944	5195	5184	4234	9077
Interest Expenses	1043	6451	5768	6929	4521
Expenses from other activities	2024	8119	1268	3059	9080
EBITDA	8277	7898	9970	7658	6319
Taxes	6253	5243	9992	2254	4662
Net Profit	7243	5551	2828	3182	7916
Balance Sheet
Assets	6081	8820	9210	7186	9064
Accounts Receivables	8999	6968	5028	8614	4839
Inventory	7466	7070	9313	1152	6537
Liabilities	2869	2281	8087	6519	9821
Total Debt	9978	7167	5485	5115	5706
Accounts Payable	5566	6313	3966	9101	3338
Equities	5350	3678	3726	2148	1838

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

Founders (largest shareholder) own 52.23%, Funds own 39.29%, Angels own 0.31% and Other People own 0.53%. The net worth of PadCare's founders is INR 62Cr as of Jan 13, 2026. The cap table displayed below is for PADCARE LABS PRIVATE LIMITED which is the legal entity associated with PadCare.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	52.23%	62Cr	1078752	2922494	3871924	8081788
Ajinkya Vikas Dhariya	7055916	1722416	2791384	6058274	5978609	4065615
Fund	39.29%	46.7Cr	2099337	2580101	8240990	1806260
Rainmatter	4962145	4435944	4417340	3358981	2741206	1607533
Social Alpha	127766	246736	863921	891166	215422	616088
Startups at Venture Center	67679	70035	30752	66727	88126	98476
Lavni Ventures	7527	8435	2241	2465	1499	7456
Angel	0.31%	36.4L	0	0	0	0
Other People	0.53%	63.5L	0	0	0	0
ESOP Pool	7.63%	9.06Cr	2289110	2747457	2374534	3941749
Total	100.00%	119Cr	8547947	5034430	7671141	9610934