Tan90 - About the company
Tan90 is a series A company based in Chennai (India), founded in 2019 by Rajnikant Rai, Shiv Sharma and Soumalya Mukherjee. It operates as a Manufacturer of phase change materials and cold chain shipping products. Tan90 has raised $4.6M in funding from investors like Blue Ashva Capital, Social Alpha and NABVENTURES, with a current valuation of ₹*****. The company has 25 active competitors, including 6 funded and 2 that have exited. Its top competitors include companies like Artyc, Coldway and Thaddeus Medical Systems.
Company Details
Manufacturer of phase change materials and cold chain shipping products. The company provides phase change materials for insulated containers. These materials passively absorb heat, maintaining temperature stability. The company offers ice boxes, material packs, insulation bags, delivery bags, and thermal panels. It also provides blast freezers for high-throughput freezing.
- Website
- tan90thermal.com
- Social
- Email ID
- *****@tan90thermal.com
- Phone Number
- +91 **********
- Registered Address
- Axon Mettals 75 Purachithalavi Ngr, Bye Pass Raod, Senneerkuppam, Tiruvallur, Poonamallee, Tamil Nadu, India, 600056
Legal entities associated with Tan90
Tan90 is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
TAN90 THERMAL SOLUTIONS PRIVATE LIMITED CIN: U74999TN2019PTC126786 , India, Active | Jan 08, 2019 | $3.16M (As on Mar 31, 2025) | 35 (As on Aug 01, 2025) |
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Tan90's funding and investors
Tan90 has raised a total funding of $4.6M over 5 rounds. Its first funding round was on Sep 10, 2020. Its latest funding round was a Series A round on Feb 18, 2025 for $*****. 7 investors participated in its latest round. Tan90 has 15 institutional investors and 12 angel investors.
Here is the list of recent funding rounds of Tan90:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 18, 2025 | 7251264 | Series A | 6997663 | 4811909 | 5934431 | 8822826 |
Apr 28, 2023 | 2839047 | Seed | 2926559 | 6084980 | 1691573 | |
Apr 12, 2022 | 3669080 | Seed | 1293487 | 7262173 |
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Tan90's founders and board of directors
Founder? Claim ProfileThe founders of Tan90 are Rajnikant Rai, Shiv Sharma and Soumalya Mukherjee. Soumalya Mukherjee is the CEO of Tan90.
Here are the details of Tan90's key team members:
- Rajnikant Rai: Co-Founder of Tan90. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address
- Shiv Sharma: Co-Founder of Tan90. They serve on the board of 1 company.Contact Info: 1 email address
- Soumalya Mukherjee: Co-Founder & CEO of Tan90. They serve on the board of 1 company.Contact Info: 1 email address
Tan90's Board of Directors
Tan90's board has 3 active members. Rajnikant Rai, Shiv Sharma and Soumalya Mukherjee are part of team.Here is the list of Tan90's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 2m | |
Team | - | Current | 6y 7m | |
Team | - | Current | 7y 2m | |
rubnaps | Independent board member | - | Past | 6y 5m |
View details of Tan90's Founder profiles and Board Members
Tan90's employee count trend
Tan90 has 35 employees as of Aug 25. The total employee count is 13.0% more than what it was in Aug 24. Here is Tan90's employee count trend over the years:
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Tan90's Competitors and alternates
Top competitors of Tan90 include Artyc, Coldway and Thaddeus Medical Systems. Here is the list of Top 10 competitors of Tan90, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Manufacturer of phase change materials and cold chain shipping products | $4.6M | 65/100 | ||
2nd |  Artyc 2021, San Francisco (United States), Series B | Provider of smart containers for cold chain monitoring | $10.7M | 44/100 | |
3rd | Manufacturer of refrigeration units for transporting temperature-sensitive products in insulated containers | $12M | 32/100 | ||
4th | Thaddeus Medical Systems 2015, Rochester (United States), Seed | Provider of active temperature-controlled containers for pharmaceutical supply chain management | $50K | 32/100 | |
5th | Provides solutions for tracking maritime containers | - | - | 32/100 | |
6th | Provider of refrigerated cold storage containers for electric vehicles | - | - | 29/100 | |
7th |  Carnotfleet 2021, San Francisco (United States), Funding Raised | Provider of cold storage smart boxes for transportation | - | 28/100 | |
8th |  Impensus Electronics 2017, Madurai (India), Funding Raised | Provider of integrated solutions for cold chain monitoring and cold storage | - | 26/100 | |
9th | Solar Freeze 2016, Nairobi (Kenya), Unfunded | Developer and supplier of solar-powered cold storage solutions | - | - | 25/100 |
10th | Provides cooling boxes for various industries | - | - | 25/100 |
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Tan90's Latest cap tables and shareholding
Founders own 38.16%, Funds (largest shareholder) own 46.58%, Enterprises own 0.36% and Angels own 6.36%. The net worth of Tan90's founders is INR 53.7Cr as of Jun 10, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 38.16% | 53.7Cr | 3369675 | 4106283 | 7632084 | 2721457 |
6069989 | 8342471 | 7306536 | 1826052 | 2543940 | 3210468 | |
5167256 | 7546331 | 8075594 | 1369306 | 5864641 | 4278276 | |
6530006 | 2913280 | 4213991 | 7983105 | 5278524 | 2413728 | |
Fund | 46.58% | 65.5Cr | 1770714 | 8111814 | 2254709 | 1627559 |
5167983 | 8913244 | 3313637 | 1157372 | 7732726 | 4249068 | |
35220 | 75251 | 37269 | 19054 | 70945 | 85832 | |
5494 | 4210 | 2330 | 4622 | 9825 | 6228 | |
Enterprise | 0.36% | 50.2L | 0 | 0 | 0 | 0 |
Angel | 6.36% | 8.94Cr | 264847 | 424608 | 500072 | 742424 |
ESOP Pool | 8.54% | 12Cr | 7279014 | 5464289 | 2773707 | 5225427 |
Total | 100.00% | 141Cr | 2818513 | 1571892 | 5545256 | 9373862 |
To unlock detailed Cap Table of Tan90 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 Tan90's Shareholding
Tan90's Investments and acquisitions
Tan90 has made no investments or acquisitions yet.
Reports related to Tan90
Here is the latest report on Tan90's sector:
News related to Tan90
Media has covered Tan90 for 1 event in last 1 year.
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Tan90 Thermal Solutions has raised INR 20 Cr in a Series A funding round led by NABVENTURESEnablers•May 20, 2025•Tan90, NABVENTURES, Blue Ashva Capital, Capital A and 1 other
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Tan90 raises Rs 11.32 crore in pre-series A roundEntrackr•May 31, 2023•Tan90, Blue Ashva Capital, Capital A, 3i Partners
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Tan90 raises pre-Series A round led by Blue AshvaEntrackr•May 04, 2022•Tan90, Blue Ashva Capital, 3i Group, 3i Partners
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