Springtek - About the company
Springtek is a seed company based in Bareilly (India), founded in 2009 by Namit Goel. It operates as an Internet first brand offering mattresses. Springtek has raised $2.14M in funding from investors like Apeksha Securities, Baba Commercial And Finvest and Excello Fin Lea, with a current valuation of ₹*****.
Company Details
Internet first brand offering mattresses. The product catalog includes a range of mattresses such as latex, coir, foam, and spring. The mattresses are provided with hypoallergenic, non-toxic, pushback support, pressure distribution, and more. It also provides chairs, pillows, bed sheets, sofas, and more.
- Website
- springtek.in
- Social
- Email ID
- *****@ashokafoam.com
- Phone Number
- +91 **********
- Registered Address
- VILLAGE DAHLAU FARIDPUR ROAD, Bareilly, BAREILLY, Uttar Pradesh, India, 243503
Key Metrics
Founded Year
2009
Location
Bareilly, India
Stage
Seed
Total Funding
$2.14M in 3 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Mar 31, 2012
Investors
Ranked
1st among 1 active competitor
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
245 as on Aug 31, 2025
Legal entities associated with Springtek
Springtek is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
ASHOKA FOAM MULTI PLAST PRIVATE LIMITED CIN: U25191UP2006PTC031876 , India, Active | May 24, 2006 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 245 (As on Aug 31, 2025) |
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Springtek's funding and investors
Springtek has raised a total funding of $2.14M over 3 rounds. Its first funding round was on Mar 30, 2009. Its latest funding round was a Seed round on Mar 31, 2012 for $*****. 13 investors participated in its latest round. Springtek has 41 institutional investors and 18 angel investors.
Here is the list of recent funding rounds of Springtek:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 31, 2012 | 3918086 | Seed | 4329437 | 6642940 | 5809696 | 5927038 |
Mar 31, 2010 | 1720630 | Seed | 1847060 | 5380704 | 7319917 | |
Mar 30, 2009 | 1053016 | Seed | 5425342 | 6602077 |
Access funding benchmarks and valuations. Sign up today!View details of Springtek's funding rounds and investors
Springtek's founders and board of directors
Founder? Claim ProfileThe founders of Springtek is Namit Goel.
Here are the details of Springtek's key team members:
- Namit Goel: Founder & Owner of Springtek. They serve on the board of 1 company.Contact Info: 1 email address
Springtek's Board of Directors
Springtek's board has 6 active members. Namit Goel is part of team and Yogesh Goel, Vivek Agrawal, Udit Goel, Ashok Goel Kumar and Vibhore Kumar are independent board members.Here is the list of Springtek's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 5m | |
Independent board member | - | Current | 19y 3m | |
largovl | Independent board member | - | Current | 9y 4m |
hndfeav | Independent board member | - | Current | 8y 6m |
ctjsygz | Independent board member | - | Current | 9y 5m |
{umwgps | Independent board member | - | Current | 3y 3m |
ixwhorh | Independent board member | - | Past | 6y 8m |
View details of Springtek's Founder profiles and Board Members
Springtek's employee count trend
Springtek has 245 employees as of Aug 25. The total employee count is 1.0% more than what it was in Aug 24. Here is Springtek's employee count trend over the years:
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Springtek's Latest cap tables and shareholding
Founders own 2.11%, Enterprises (largest shareholder) own 80.80% and Other People own 17.03%. The net worth of Springtek's founders is INR 58.2L as of Mar 31, 2012.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 2.11% | 58.2L | 49 | 74 | 92 | 29 |
68 | 58 | 16 | 33 | 58 | 10 | |
Enterprise | 80.80% | 22.3Cr | 7831842 | 4191570 | 5733370 | 6957859 |
Other People | 17.03% | 4.69Cr | 5233945 | 1446104 | 4090201 | 2264119 |
Total | 99.94% | 27.6Cr | 8700888 | 6506279 | 5959499 | 8964716 |
To unlock detailed Cap Table of Springtek Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Springtek's Shareholding
Springtek's Investments and acquisitions
Springtek has made no investments or acquisitions yet.
Reports related to Springtek
Here is the latest report on Springtek's sector:
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