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Simplismart - About the company

Simplismart is a series B company based in Bengaluru (India), founded in 2022 by Devansh Ghatak and Amritanshu Jain. It operates as a Provider of an artificial intelligence inference and deployment platform for scaling machine learning models. Simplismart has raised $22M in funding from investors like Accel, Anicut Capital and Dallas Venture Capital, with a current valuation of $*****. The company has 257 active competitors, including 12 that are funded. Its top competitors include companies like Nuro, Ollama and Nscale.

Company Details

Provider of an artificial intelligence inference and deployment platform for scaling machine learning models. The platform enables the deployment and management of open-source and custom models across various cloud environments and private infrastructure. It offers modular inference stacks with optimized runtimes, custom kernels, and auto-scaling capabilities to manage traffic and latency requirements. The service supports a wide range of model types including large language models, vision models, and speech processing tools. It provides a unified control plane for managing deployments, integrating with multiple cloud providers and hardware configurations to ensure performance and cost efficiency.
Social
X
Email ID
*****@simplismart.ai
Registered Address
133/2, 4th Floor, Janardhan Towers, Residency Road, Bangalore, Bangalore, Karnataka, India, 560025
Key Metrics
Founded Year
2022
Location
Bengaluru, India
Stage
Series B
Total Funding
$22M in 6 rounds
Latest Funding Round
Post Money Valuation
$***** as on Oct 27, 2026
Investors
Ranked
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
39 as on May 31, 2026
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Simplismart's funding and investors

Simplismart has raised a total funding of $22M over 6 rounds. Its first funding round was on Oct 27, 2022. Its latest funding round was a Series B round on Oct 27, 2026 for $*****. 5 investors participated in its latest round. Simplismart has 14 institutional investors and 10 angel investors.

Here is the list of recent funding rounds of Simplismart:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Oct 27, 2026
9121881
Series B
2988251
9819681
7215333
3396303
Jul 15, 2025
7894416
Series A
4513854
8567713
3882378
Aug 19, 2024
7995577
Series A
3682916
5256245
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Simplismart's founders and board of directors

Founder? Claim Profile
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:

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
Team
-
Current
4y 1m
Team
-
Current
4y 1m

Simplismart's employee count trend

Simplismart has 39 employees as of May 26. The total employee count is 30.0% more than what it was in May 25. Here is Simplismart's employee count trend over the years:
Employee count trend for Simplismart
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Simplismart's Competitors and alternates

Top competitors of Simplismart include Nuro, Ollama and Nscale. 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
Logo for Nuro
Nuro
2016, Mountain View (United States), Series E
Developer of autonomous driving technology for automakers and mobility providers
$2.34B
73/100
2nd
Logo for Ollama
Ollama
2023, Palo Alto (United States), Series B
Platform offering open-source tools for running large language models locally
$88M
66/100
3rd
Logo for Simplismart
Simplismart
2022, Bengaluru (India), Series B
Provider of an artificial intelligence inference and deployment platform for scaling machine learning models
$22M
66/100
4th
Logo for Nscale
Nscale
2023, London (United Kingdom), Series C
Provider of specialized infrastructure and cloud services for artificial intelligence
$7.08B
61/100
5th
Logo for Gruve
Gruve
2024, Redwood City (United States), Series A
Provider of AI infrastructure, inference solutions, and enterprise AI agents
$87.5M
59/100
6th
Logo for Beyond Limits
Beyond Limits
2014, Glendale (United States), Series C
Developer of hybrid artificial intelligence solutions for industrial enterprise applications
$158M
58/100
7th
Logo for Bigmodel
Bigmodel
China, Unfunded
AI-based large language model platform provider, offering a range of API services for conversational AI
-
-
42/100
8th
Logo for LYS Labs
LYS Labs
Bucharest (Romania), Seed
Developer of data and execution infrastructure for automated markets
$4M
40/100
9th
Logo for Infinigence AI
Infinigence AI
2023, Haidian (China), Series C
Developer of artificial intelligence infrastructure and model inference software platforms
$587M
37/100
10th
Provider of access to multiple artificial intelligence models and search
-
-
37/100
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Financials of SimplismartFY 25 Available

VERUTE TECHNOLOGIES PRIVATE LIMITED, the legal entity associated with Simplismart, generated less than ₹10 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of VERUTE TECHNOLOGIES PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 134% in the last 1 year.

Financial Statement Summary

Metrics
FY 2024-25
FY 2023-24
FY 2022-23
Income Statement
Revenue
3974
1440
3079
Total Sales
5355
7649
5896
Total Expenses
2237
9707
6782
Operating Expenses
5807
6654
3313
Employee Expenses
1270
9610
3421
Operating Income (EBIT)
4782
1364
4583
Interest Expenses
6044
9873
1043
Expenses from other activities
4273
5337
6016
EBITDA
3107
9925
5076
Taxes
4351
8381
6158
Net Profit
5850
3979
2377
Balance Sheet
Assets
9733
6760
7072
Accounts Receivables
5774
5543
7439
Inventory
1267
2679
1132
Liabilities
3761
5943
5777
Total Debt
7106
6519
2476
Accounts Payable
9046
3633
3653
Equities
9401
6080
3272

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

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of this entity
$10.99$2.53(excl. taxes)
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What documents will you get?
  • Financial Summary & Charts
  • Detailed Income Statement, Balance Sheet, Cashflow Statement
  • Profitability Ratios, Liquidity Ratios, Growth Ratios
  • Audited Financial Statement (AOC-4), Shareholding Pattern

Simplismart's Latest cap tables and shareholding

Founders own 41.96%, Funds (largest shareholder) own 43.22%, Enterprises own 3.81% and Angels own 4.12%. The net worth of Simplismart's founders is INR 359Cr as of Oct 08, 2026. The cap table displayed below is for VERUTE TECHNOLOGIES PRIVATE LIMITED which is the legal entity associated with Simplismart.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
41.96%
359Cr
3846512
6183290
3560107
8770810
9072969
3175451
3287095
4655271
6582020
4659686
1567707
2059440
1803160
9139878
6593674
4101671
Fund
43.22%
370Cr
3924938
9228076
7596265
9611911
8977506
9127669
3844419
8598398
6001721
1682877
8277166
7894899
3474007
2435584
3225037
1157009
280
204
918
607
218
463
Enterprise
3.81%
32.6Cr
820
280
828
552
Angel
4.12%
35.2Cr
4318
9059
3120
3972
5
3
6
2
2
3
0
0
0
0
0
0
ESOP Pool
6.89%
58.9Cr
786672
618188
552178
618410
Total
100.00%
855Cr
6688056
2185026
6918355
1556240
Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
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shareholding pattern of this entity
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What documents will you get?
  • Latest Shareholding Summary - Ownership breakdown across founders, investors, and other stakeholders
  • Round-by-Round Cap Tables - Evolution of shareholding across funding rounds
  • Year-on-Year Cap Tables - Dilution trends over time

Simplismart's Investments and acquisitions

Simplismart has made no investments or acquisitions yet.

Reports related to Simplismart

Here is the latest report on Simplismart's sector:

News related to Simplismart

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Media has covered Simplismart for a total of 16 events in the last 1 year, 7 of them have been about company updates.
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