When was Simplismart founded?

Simplismart was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Simplismart located?

Simplismart is headquartered in San Francisco, United States. It is registered at 133/2, 4th Floor, Janardhan Towers, Residency Road, Bangalore, Bangalore, Karnataka, India, 560025.

Who is the current CEO of Simplismart?

Amritanshu Jain of Simplismart. They have also founded 1 company.

Which legal entities is Simplismart associated with?

Simplismart is associated with VERUTE TECHNOLOGIES PRIVATE LIMITED.

How many employees does Simplismart have?

As of May 31, 2025, the latest employee count at Simplismart is 23.

Is Simplismart a funded company?

Simplismart is a funded company, having raised a total of $7.65M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 27, 2022.

How much is Simplismart worth?

The latest valuation of Simplismart is ₹***** as of Oct 15, 2025. This marks a decline of 23% from its peak valuation of ₹294Cr in Oct, 2022. This marks a decline of 23% from its peak valuation of ₹294Cr in Oct, 2022.

When was the latest funding round of Simplismart?

Simplismart's latest funding was a $***** Seed round on Jul 15, 2025, with participation from 4 investors. Its primary sector is AI Infrastructure. In United States, the AI Infrastructure sector has seen $254B in funding in 2026 to date.

What is the annual revenue of Simplismart?

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

Where does Simplismart rank among its competitors?

Simplismart ranks 8th amongst 1893 active competitors, of which 146 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Fireworks, which secured $1.5B in Jul, 2026.

Who are the top competitors of Simplismart?

Simplismart's top competitors include Fireworks, Goodfire and Cartesia. Among them, Fireworks secured the most recent funding round in July, 2026.

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

Simplismart is a seed company based in San Francisco (United States), founded in 2022 by Devansh Ghatak and Amritanshu Jain. It operates as a Provider of a platform for deploying and scaling inference models. Simplismart has raised $7.65M in funding from Accel and Anicut Capital, with a current valuation of ₹*****. The company has 1893 active competitors, including 146 funded and 21 that have exited. Its top competitors include companies like Fireworks, Goodfire and Cartesia.

Company Details

Provider of a platform for deploying and scaling inference models. It supports large language models, vision language models, diffusion, and speech models. The platform offers model library, custom model imports, and integration with cloud repositories. It provides tools for autoscaling, modular inference stack, and optimization for various use cases.

Website: simplismart.ai
Social
Email ID: *****@simplismart.tech
Registered Address: 133/2, 4th Floor, Janardhan Towers, Residency Road, Bangalore, Bangalore, Karnataka, India, 560025

Key Metrics

Founded Year

2022

Location

San Francisco, United States

Stage

Seed

Total Funding

$7.65M in 4 rounds

Latest Funding Round

Seed, Jul 15, 2025, $*****

Post Money Valuation

₹***** as on Oct 15, 2025

Investors

Accel & 19 more

Ranked

8^th among 1893 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

23 as on May 31, 2025

Similar Companies

Fireworks & 771 more

View Simplismart's full profile

Simplismart is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VERUTE TECHNOLOGIES PRIVATE LIMITED CIN: U72200KA2022PTC165981 , India, Active	Sep 12, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	39 (As on Apr 01, 2026)

Simplismart has raised a total funding of $7.65M over 4 rounds. Its first funding round was on Oct 27, 2022. Its latest funding round was a Seed round on Jul 15, 2025 for $*****. 4 investors participated in its latest round. Simplismart has 12 institutional investors and 8 angel investors.

Here is the list of recent funding rounds of Simplismart:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 15, 2025	8955685	Seed	4445734	8455906	9386232	2971256
Jul 18, 2024	1446179	Grant (prize money)	5989685	3098706	2552648	Google for Startups
Feb 29, 2024	2795969	Seed	9763602	4804168	Accel	Kunal Bahl & 10 more

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View details of Simplismart's funding rounds and investors

The founders of Simplismart are Devansh Ghatak and Amritanshu Jain. Amritanshu Jain is the CEO of Simplismart.

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

Devansh Ghatak: Co-Founder & CTO of Simplismart and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 2 email addresses and 1 phone number
Amritanshu Jain: Co-Founder & CEO of Simplismart.

Simplismart's Board of Directors

Simplismart's board has 2 active members. Devansh Ghatak and Amritanshu Jain are part of team.

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

Name	Type	Representing	Status	Duration
Devansh Ghatak	Team	-	Current	3y 11m
Amritanshu Jain	Team	-	Current	3y 11m

View details of Simplismart's Founder profiles and Board Members

Simplismart's employee count trend

Simplismart has 23 employees as of May 25. Here is Simplismart's employee count trend over the years:

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Top competitors of Simplismart include Fireworks, Goodfire and Cartesia. Here is the list of Top 10 competitors of Simplismart, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fireworks 2022, Redwood City (United States), Series D	Generative AI platform as a service for accelerating product innovation and disruption	$1.81B	Index Ventures, Sequoia Capital & 26 others	72/100
2nd	Goodfire 2024, San Francisco (United States), Series B	Interpretability tooling for generative AI models	$209M	B Capital, Lightspeed Venture Partners & 12 others	71/100
3rd	Cartesia 2023, San Francisco (United States), Series A	Provider of real-time text-to-speech API with AI laughter and emotion	$86M	Index Ventures, Kleiner Perkins & 10 others	67/100
4th	Bria 2020, Tel Aviv (Israel), Series B	Provider of licensed data-trained AI platform for visual content generation	$65M	GFT Ventures, Red Dot Capital Partners & 13 others	66/100
5th	Braintrust 2023, San Francisco (United States), Series B	Provider of an AI observability platform for building quality AI products	$121M	Greylock Partners, Iconiq Capital & 15 others	66/100
6th	MiniMax 2022, Singapore (Singapore), Public	Developer of AI models for text, speech, video, and music generation	$1.15B	Alibaba Group, Visual China Group & 7 others	62/100
7th	Arcee.ai 2023, Miami (United States), Series A	Platform to train, and deploy language models	$29.5M	Emergence Capital, Prosperity7 Ventures & 8 others	62/100
8th	Simplismart 2022, San Francisco (United States), Seed	Provider of a platform for deploying and scaling inference models	$7.65M	LetsVenture, First Cheque & 18 others	61/100
9th	aiXplain 2020, San Jose (United States), Seed	Develops natural language processing technologies	$14.5M	Calibrate Ventures, Transform VC & 5 others	60/100
10th	Guide Labs 2023, San Francisco (United States), Seed	Platform developing interpretable foundation models	$18.8M	Initialized Capital, Pioneer Fund & 10 others	58/100

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Founders (largest shareholder) own 49.21%, Funds own 37.98%, Angels own 4.73% and ESOP Pool own 8.08%. The net worth of Simplismart's founders is INR 112Cr as of Oct 15, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	49.21%	112Cr	5092285	8639055	1359229	3283010
Amritanshu Jain	5019051	4682256	1415486	6301351	5695333	7826122
Devansh Ghatak	9984675	9097743	3888409	2476601	5059063	4049212
Fund	37.98%	86.3Cr	2192422	4175845	6466802	7937150
Accel	5460062	6587037	6428038	5049353	5173134	4110179
Anicut Capital	489	195	322	125	405	949
LetsVenture	2	2	7	1	2	4
Pilani Innovation Entrepreneurship Development	0	0	0	0	0	0
Angel	4.73%	10.7Cr	4584	1474	9896	1584
Kunal Bahl	43	50	47	61	58	92
Dilipkumar Karodimal Khandelwal	0	0	0	0	0	0
ESOP Pool	8.08%	18.4Cr	2083299	1124812	3952990	9410847
Total	100.00%	227Cr	1721933	1213117	4029595	1608114