When was Parallel founded?

Parallel was founded in 2014 and raised its 1st funding round 10 years after it was founded.

Where is Parallel located?

Parallel is headquartered in Bengaluru, India. It is registered at 101-102, Sriram Apartment, Shakti Vihar Colony, Satna, Satna, Madhya Pradesh, India, 485001.

Which legal entities is Parallel associated with?

Parallel is associated with PARALLEL DIGITAL PRIVATE LIMITED.

How many employees does Parallel have?

As of Aug 31, 2025, Parallel has 23 employees, reflecting a 28% year-over-year decline in headcount.

Is Parallel a funded company?

Parallel is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Nov 12, 2024.

When was the latest funding round of Parallel?

Parallel's latest funding was a $***** Seed round on Nov 12, 2024, with participation from 2 investors. Its primary sector is IT Services. In India, the IT Services sector has seen $18.5M in funding in 2026 to date.

What is the annual revenue of Parallel?

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

Where does Parallel rank among its competitors?

Parallel ranks 196th amongst 27536 active competitors, of which 124 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Parallel, which secured $2.99M in Nov, 2024.

Who are the top competitors of Parallel?

Parallel's top competitors include Goodpatch, Carnival Corporation and Social Panga. Among them, Parallel secured the most recent funding round in November, 2024.

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

Parallel is a seed company based in Bengaluru (India), founded in 2014 by Robin Dhanwani. It operates as a Provider of UI/UX development services. Parallel has raised $2.99M in funding from Lifeline Ventures. The company has 27536 active competitors, including 124 funded and 1145 that have exited. Its top competitors include companies like Goodpatch, Carnival Corporation and Social Panga.

Company Details

Website: www.parallelhq.com/
Social
Registered Address: 101-102, Sriram Apartment, Shakti Vihar Colony, Satna, Satna, Madhya Pradesh, India, 485001

Key Metrics

Founded Year

2014

Location

Bengaluru, India

Stage

Seed

Total Funding

$2.99M in 1 round

Latest Funding Round

Seed, Nov 12, 2024, $*****

Investors

Lifeline Ventures & 2 more

Ranked

196^th among 27536 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

23 as on Aug 31, 2025

Similar Companies

Goodpatch & 29473 more

View Parallel's full profile

Parallel is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PARALLEL DIGITAL PRIVATE LIMITED CIN: U72300MP2013PTC031837 , India, Active	Nov 26, 2013	$0 - $1M (As on Mar 31, 2025)	23 (As on Aug 31, 2025)

Parallel has raised a total funding of $2.99M over 1 round. Its latest funding round was a Seed round on Nov 12, 2024 for $*****. 2 investors participated in its latest round. Parallel has 2 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Parallel:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 12, 2024	4548272	Seed	4871435	2065793	7511148	7755653

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View details of Parallel's funding rounds and investors

The founders of Parallel is Robin Dhanwani.

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

Robin Dhanwani: Founder of Parallel and founder of 1 other company.
Contact Info: 1 email address

View details of Parallel's Founder profiles and Board Members

Parallel's employee count trend

Parallel has 23 employees as of Aug 25. The total employee count is 28.0% lower than what it was in Aug 24. Here is Parallel's employee count trend over the years:

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Top competitors of Parallel include Goodpatch, Carnival Corporation and Social Panga. Here is the list of Top 10 competitors of Parallel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Goodpatch 2011, Shibuya (Japan), Public	UI design company and development based in Tokyo and Berlin	$8.13M	DG Ventures, SMBC Venture Capital & 6 others	67/100
2nd	Carnival Corporation 1972, Miami (United States), Public	Provider of brand design services	-	Central Creek Capital, Europa & 2 others	66/100
3rd	Social Panga 2013, Bengaluru (India), Acquired	Provider of digital marketing, branding, and application development services	-	-	61/100
4th	USIO 1998, London (United Kingdom), Public	Services related to the development of UX/UI for enterprises	-	Voyager, Topline Capital	60/100
5th	Visual Electric 2022, Sausalito (United States), Acquired	Developer of an AI-powered platform for generating images and videos	$2.5M	Designer Fund, Sequoia Capital & 2 others	59/100
6th	Pico Group 1969, Hong Kong (China), Late Stage	Provider of marketing and branding services	$11M	Stripe, Precursor Ventures & 10 others	59/100
7th	Tegna 1926, Mclean (United States), Acquired	Digital content, TV Channels and broadcasting services	-	Cerity Partners Ventures	58/100
8th	Forum Brands 2020, Palo Alto (United States), Series A	Platform offering brand management solutions	$51.4M	Norwest, Concrete Rose & 2 others	57/100
9th	Wasserman 2002, Los Angeles (United States), Late Stage	Provider of digital marketing, branding SMM services	-	Madrone Capital Partners, Providence Equity Partners ... & 1 others	56/100
10th	HALO 1997, Sterling (United States), Acquired	Provider of branding and promotional marketing solutions	-	Knox Lane, Maranon Capital & 3 others	54/100
196th	Parallel 2014, Bengaluru (India), Seed	Provider of UI/UX development services	$2.99M	Notion, Lifeline Ventures & 1 others	35/100