When was Velmenni founded?

Velmenni was founded in 2014 and raised its 1st funding round within a year of its incorporation.

Where is Velmenni located?

Velmenni is headquartered in Delhi, India. It is registered at PLOT NO. 2, SHAMBHU DAYAL MARG, South Delhi, NEW DELHI, Delhi, India, 110020.

Who is the current CEO of Velmenni?

Deepak Solanki of Velmenni. They have also founded 1 company and are an angel investors in 1 startup.

Which legal entities is Velmenni associated with?

Velmenni is associated with VELMENNI RESEARCH & DEVELOPMENT PRIVATE LIMITED.

How many employees does Velmenni have?

As of Jan 31, 2026, the latest employee count at Velmenni is 2.

Is Velmenni a funded company?

Velmenni is a funded company, having raised a total of $3.67M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jul 2014.

How much is Velmenni worth?

The latest valuation of Velmenni is ₹***** as of Apr 01, 2026.

When was the latest funding round of Velmenni?

Velmenni's latest funding was a $***** Seed round on Mar 17, 2026, with participation from 2 investors.

What is the annual revenue of Velmenni?

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

Where does Velmenni rank among its competitors?

Velmenni ranks 9th amongst 219 active competitors, of which 15 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Velmenni, which secured $3.3M in Mar, 2026.

Who are the top competitors of Velmenni?

Velmenni's top competitors include pureLiFi, Nordic Semiconductor and Ackcio. Among them, Velmenni secured the most recent funding round in March, 2026.

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

Company Details

Developer of wireless data transmission systems using light spectrum technology. This technology utilizes visible and infrared light to transmit data, providing an alternative to radio frequency communication. The systems facilitate wireless connectivity in environments where radio frequency signals are restricted or subject to interference. Applications include indoor wireless networks, industrial machine communication, and backhaul infrastructure for telecommunications. The hardware transmits data through light waves, enabling connectivity in settings such as manufacturing plants, hospitals, and transportation vehicles.

Website: www.velmenni.com/
Social
Email ID: *****@velmenni.com
Registered Address: PLOT NO. 2, SHAMBHU DAYAL MARG, South Delhi, NEW DELHI, Delhi, India, 110020

Key Metrics

Founded Year

2014

Location

Delhi, India

Stage

Seed

Total Funding

$3.67M in 7 rounds

Latest Funding Round

Seed, Mar 17, 2026, $*****

Post Money Valuation

₹***** as on Apr 01, 2026

Investors

Rosmerta Technologies & 11 more

Ranked

9^th among 219 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

2 as on Jan 31, 2026

Similar Companies

pureLiFi & 242 more

View Velmenni's full profile

Velmenni is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VELMENNI RESEARCH & DEVELOPMENT PRIVATE LIMITED CIN: U72900DL2017FTC322390 , India, Active	Aug 21, 2017	0 - ₹10 Cr (As on Mar 31, 2025)	2 (As on Jan 31, 2026)

Velmenni has raised a total funding of $3.67M over 7 rounds. Its first funding round was on Jul 2014. Its latest funding round was a Seed round on Mar 17, 2026 for $*****. 2 investors participated in its latest round. Velmenni has 10 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Velmenni:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 17, 2026	1155622	Seed	7708304	3536111	8593646	1953758
Jul 29, 2023	4901704	Grant (prize money)	3905710	1767635	5484364	Ministry of Defence
Jul 26, 2023	7775792	Seed	9998561	2403094	Rosmerta Technologies	2734989

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View details of Velmenni's funding rounds and investors

The founders of Velmenni are Deepak Solanki and Ujjwal Minocha. Deepak Solanki is the CEO of Velmenni.

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

Deepak Solanki: Co-Founder & CEO of Velmenni. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Ujjwal Minocha: Co-Founder & COO of Velmenni.
Contact Info: 1 phone number

Velmenni's Board of Directors

Velmenni's board has 2 active members. Deepak Solanki and Ujjwal Minocha are part of team.

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

Name	Type	Representing	Status	Duration
Deepak Solanki	Team	-	Current	9y 0m
Ujjwal Minocha	Team	-	Current	4y 10m

View details of Velmenni's Founder profiles and Board Members

Velmenni's employee count trend

Velmenni has 2 employees as of Jan 26. The total employee count is the same as what it was in Jan 25. Here is Velmenni's employee count trend over the years:

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Top competitors of Velmenni include pureLiFi, Nordic Semiconductor and Ackcio. Here is the list of Top 10 competitors of Velmenni, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	pureLiFi 2012, Edinburgh (United Kingdom), Series B	Developer of LiFi technology	$50.3M	Temasek, Scottish Enterprise & 18 others	62/100
2nd	Nordic Semiconductor 1983, Trondheim (Norway), Public	Provider of wireless communication technology solutions for the IoT industry	-	Herald Investment Management	56/100
3rd	Ackcio 2016, Singapore (Singapore), Series A	Provider of IoT-based geotechnical monitoring solutions for multiple industries	$3.51M	Wavemaker Partners, Atlas Ventures & 11 others	56/100
4th	MultiTech Systems 1970, Ramsey (United States), Acquired	IoT connectivity solutions provider: devices, gateways, modems, sensors, and services	-	IoT Evolution, Northlane Capital Partners	54/100
5th	HMS Networks 1988, Halmstad (Sweden), Acquired	Provider of industrial communication products for device connectivity and remote access	-	Latour, Edastra Venture Capital & 1 others	53/100
6th	CoreTigo 2017, Netanya (Israel), Series B	Provider of industrial wireless automation solutions	$27M	Qualcomm Ventures, Magma Venture Partners ... & 15 others	50/100
7th	Teltonika 2019, Vilnius (Lithuania), Unfunded	Provider of IoT network communication solutions	-	-	48/100
8th	Franklin Wireless 2001, San Diego (United States), Public	Provider of mobile broadband, router, hotspot, IoT, and MDM solutions	-	-	47/100
9th	Velmenni 2014, Delhi (India), Seed	Developer of wireless data transmission systems using light spectrum technology	$3.67M	Cisco, Airbus Official & 10 others	46/100
10th	Enfora 1999, Richardson (United States), Acquired	Wireless Asset Management Platform based on distributed intelligence architecture	$19M	Adams Street Partners, Kodiak Venture Partners ... & 2 others	44/100

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Founders own 23.43%, Funds (largest shareholder) own 33.14%, Enterprises own 1.85% and Angels own 15.82%. The net worth of Velmenni's founders is INR 35.1Cr as of Apr 01, 2026.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	23.43%	35.1Cr	7822575	5168167	9586447	7496545
Deepak Solanki	9561335	5218348	1378312	3946843	5814551	6829406
Ujjwal Minocha	5	1	3	8	7	2
Fund	33.14%	49.7Cr	3161787	1229594	8085897	8639169
pi Ventures	4618043	1368922	3335243	5203543	4929929	5180949
Enterprise	1.85%	2.77Cr	4	6	2	5
Angel	15.82%	23.7Cr	1304541	4603276	4068855	5541669
Other People	0.76%	1.14Cr	0	0	0	0
ESOP Pool	25.00%	37.5Cr	8395851	4015385	7509761	5986136
Total	100.00%	150Cr	4013892	2073214	7042154	9907617