When was Portl founded?

Portl was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Portl located?

Portl is headquartered in Hyderabad, India. It is registered at 8-2-283/82/A/321/1 Jubilee Hills, CO-OP H B S, Hyderabad, Hyderabad, Telangana, India, 500033.

Who is the current CEO of Portl?

Indraneel Gupta of Portl. They have also founded 1 company.

Which legal entities is Portl associated with?

Portl is associated with RAINVI TECHNOLOGIES PRIVATE LIMITED.

How many employees does Portl have?

As of Jun 30, 2026, the latest employee count at Portl is 40.

Is Portl a funded company?

Portl is a funded company, having raised a total of $4.01M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 18, 2021.

How much is Portl worth?

The latest valuation of Portl is $***** as of Dec 13, 2023.

When was the latest funding round of Portl?

Portl's latest funding was a $***** Series A round on Oct 13, 2023, with participation from 3 investors.

What is the annual revenue of Portl?

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

Where does Portl rank among its competitors?

Portl ranks 4th amongst 59 active competitors, of which 19 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Oxe Fit, which secured $17.5M in Sep, 2024.

Who are the top competitors of Portl?

Portl's top competitors include Peloton, Tonal and Speediance. Among them, Oxe Fit secured the most recent funding round in September, 2024.

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

Portl is a series A company based in Hyderabad (India), founded in 2021 by Indraneel Gupta, Vishal Chandapeta and Armaan Kandhari. It operates as a Provider of a smart home gym device with an in built personal trainer. Portl has raised $4.01M in funding from Kalaari Capital and Bharat Innovation Fund, with a current valuation of $*****. The company has 59 active competitors, including 19 funded and 4 that have exited. Its top competitors include companies like Peloton, Tonal and Speediance.

Company Details

Provider of a smart home gym device with an in built personal trainer. It offers ultragym device to build personalised workout integrated with an application. Portl Screesn is an AI powered smart mirror that provides personalized and holistic healthcare, real time fitness and wellness with form feedback, telemedicine and embedded health monitoring capabilities.

Website: portl.co
Social
Email ID: *****@portl.co
Phone Number: +91 **********
Registered Address: 8-2-283/82/A/321/1 Jubilee Hills, CO-OP H B S, Hyderabad, Hyderabad, Telangana, India, 500033

Key Metrics

Founded Year

2021

Location

Hyderabad, India

Stage

Series A

Total Funding

$4.01M in 2 rounds

Latest Funding Round

Series A, Oct 13, 2023, $*****

Post Money Valuation

$***** as on Dec 13, 2023

Investors

Kalaari Capital & 4 more

Ranked

4^th among 59 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

40 as on Jun 30, 2026

Similar Companies

Tonal & 65 more

View Portl's full profile

Portl is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
RAINVI TECHNOLOGIES PRIVATE LIMITED CIN: U72900TG2021PTC149917 , India, Active	Mar 22, 2021	0 - ₹10 Cr (As on Mar 31, 2025)	1 (As on Oct 31, 2022)

Portl has raised a total funding of $4.01M over 2 rounds. Its first funding round was on Jun 18, 2021. Its latest funding round was a Series A round on Oct 13, 2023 for $*****. 3 investors participated in its latest round. Portl has 3 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Portl:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 13, 2023	1497612	Series A	9257592	6830792	6630074	3616788
Jun 18, 2021	4778313	Seed	5153975	5884110	Kalaari Capital	7802770

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View details of Portl's funding rounds and investors

The founders of Portl are Indraneel Gupta, Vishal Chandapeta and Armaan Kandhari. Indraneel Gupta is the CEO of Portl.

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

Indraneel Gupta: Co-Founder & CEO of Portl. They serve on the board of 1 company.
Contact Info: 1 email address
Vishal Chandapeta: Founder of Portl. They serve on the board of 1 company.
Armaan Kandhari: Co-Founder & COO of Portl.
Contact Info: 1 email address

Portl's Board of Directors

Portl's board has 5 active members. Ashwin Raguraman, Indraneel Gupta, Vishal Chandapeta and Vamshi Krishna Reddy are part of team and Mantha Ravikanth is independent board member.

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

Name	Type	Representing	Status	Duration
Indraneel Gupta	Team	-	Current	5y 2m
Vishal Chandapeta	Team	-	Current	5y 2m
Ashwin Raguraman	Investor	-	Current	2y 3m
vwisdqe	Investor	drojxaw	Past	8y 8m
Mantha Ravikanth	Independent board member	-	Current	5y 0m
qbbshms	Independent board member	-	Past	1y 1m

View details of Portl's Founder profiles and Board Members

Portl's employee count trend

Portl has 40 employees as of Jun 26. Here is Portl's employee count trend over the years:

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Top competitors of Portl include Peloton, Tonal and Speediance. Here is the list of Top 10 competitors of Portl, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Peloton 2011, New York City (United States), Public	Provider of smart fitness training equipment and training platforms	$996M	Tiger Global Management, TCV & 40 others	83/100
2nd	Tonal 2015, San Francisco (United States), Series E	Provider of smart home gym equipment and personalized workout programs	$535M	L Catterton, Mayfield & 41 others	72/100
3rd	Speediance 2020, Shenzhen (China), Seed	Provider of smart exercising equipment	$1.58M	Frees Fund, Oriza Holdings & 2 others	59/100
4th	Portl 2021, Hyderabad (India), Series A	Provider of a smart home gym device with an in built personal trainer	$4.01M	Kalaari Capital, Bharat Innovation Fund & 3 others	59/100
5th	Tempo 2015, San Francisco (United States), Series C	Provider of AI-based home gym training platform	$398M	Norwest, SoftBank Vision Fund & 11 others	57/100
6th	Flexnest 2020, Gurugram (India), Unfunded	Manufacturer of home fitness equipment and associated app-based classes	-	-	55/100
7th	Vitruvian 2018, Perth (Australia), Series A	Provider of resistance training smart fitness equipment and app	$51.4M	Larsen Ventures, TEN13 & 3 others	53/100
8th	FORME 2020, Los Angeles (United States), Public	Provider of exercising equipment for fitness training	$109M	Redbus Group, Short List Capital & 1 others	52/100
9th	Oxe Fit 2019, Plano (United States), Series A	Provider of AI-integrated smart workout systems	$70M	Lydia Partners, Reform Ventures & 11 others	50/100
10th	Lululemon Studio 2010, New York City (United States), Series B	Provider of online fitness classes	$80.8M	Spark Capital, Route 66 Ventures & 23 others	47/100

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Founders own 29.60%, Funds (largest shareholder) own 47.38%, Angels own 0.62% and Other People own 7.40%. The net worth of Portl's founders is INR 23.9Cr as of Dec 13, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	29.60%	23.9Cr	8729418	8885616	3395143	6985518
Indraneel Gupta	6145780	6415735	2120681	9753662	1247267	8462047
Vishal Chandapeta	6886679	9077149	8219723	9739818	9827862	2252341
Fund	47.38%	38.3Cr	7730137	5040369	9489479	6461230
Bharat Innovation Fund	7450999	1988693	6190283	1526242	9572161	6763865
Kalaari Capital	4417160	2753549	9919464	8742366	5748346	6888726
T-Hub	4	4	4	6	6	8
Angel	0.62%	50L	0	0	0	0
Other People	7.40%	5.98Cr	9671584	8803293	4811437	2693878
ESOP Pool	14.99%	12.1Cr	5221564	2335761	2690402	8882973
Total	99.99%	80.8Cr	4866626	7815390	7029950	3321223