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In this blog, we explore the financially inspiring rise of Padcare, an Indian startup gaining rapid attention. Dive into the Padcare Company Profile as we uncover the story behind this innovative company, including its founder, revenue, funding, valuation, and more. Join us to learn how Padcare is transforming menstrual hygiene management.
- What exactly is Padcare Labs, and what solutions do they offer?
- Who is the visionary founder behind the brand?
- The company’s impressive net worth in 2024
- Total revenue generated to date
- Details of their funding journey and current valuation
- Competitors in the market
- The company’s turnover in 2024
Join us as we uncover how Padcare Labs is making waves in its industry and driving its financial growth.
But before we dive into the details, let’s start with a brief introduction to this innovative company and explore what exactly Padcare Labs does to generate such impressive revenue. From revolutionizing waste management to driving sustainable solutions, this startup is turning heads—and profits—across the country.
PadCare Labs Introduction: In PadCare Company Profile:
Table of Contents
This company was founded and established in year 2018 along with that Padcare has received an Indian patent for product process and design and has filed for patents in the US and Europe.
What Is Padcare Company Do In India?
They wanted to create an holistic approach which will not only helps in raising awareness about menstrual hygiene but also ensures the safe and sustainable disposal of sanitary waste.
Padcare’s innovative business model revolves around offering comprehensive menstrual hygiene management as a service, addressing critical aspects like awareness, accessibility, disposal, and recycling.
Now that we’ve covered the brief intro about the company, it’s time to move on to the next topic: getting to know the visionary founder behind the creation of this innovative company by delving into the Padcare Company Profile.
PadCare Owner:
Ajinkya Dha, the visionary co-founder ,Owner and driving force behind Padcare Labs, set out with a mission to revolutionize menstrual hygiene management.
His goal? To not only provide a service that ensures proper disposal of used pads but also to protect the environment from the staggering 113,000 tons of pad waste generated each year.
By tackling both menstrual hygiene and environmental sustainability, Padcare Labs is addressing two critical issues that impact habitats and ecosystems worldwide.
PadCare Founder Age:
According to an article released by Forbes, Ajinkya Dha, the 28-year-old founder of Padcare Labs, hails from the small town of Mhasla in the Raigard district of Maharashtra. His humble beginnings have only fueled his determination to bring impactful change through his innovative startup.
PadCare Founder Net Worth:
According to a recent update published by Forbes on June 21, 2024, Ajinkya Dha, the founder of PadCare Labs, has a total net worth of Rs 15-20 crore. This financial strength could indirectly fuel the growth of the company, positioning it for even greater success in the future.
For more details about the founder profession, education and more I will recomend you to have a visit to its LinkedIn Profile.
Now, let’s move on to the next key topic of our blog about “Padcare Company Profile,” where we will be talking about the essential financial factor that highlights the company’s growth—its Net Worth. Understanding Padcare Lab net worth will give us a clear picture of how this innovative startup has scaled financially, reflecting its impact and market position in 2024.
PadCare Net Worth:
In a recent update from a news article published at the end of financial year 2023-2024 in Mar 31, 2024, Padcare has increase its net worth from $0.5 million Doller in financial year 2022-2023 to $ 2.52 million Doller in financial fear 2024 which is roughly equal to Rs 19 Crore.
The company has nearly tripled its net worth in just a two-year span—a remarkable achievement for such a young startup. This impressive growth not only highlights Padcare’s strong market presence but also showcases its tremendous potential for continued success in the years ahead.
Moving on to the next crucial aspect of the “Padcare Company Profile,” let’s delve into the financial parameter that is vital for the company’s growth: Funding. Understanding how Padcare has secured its financial backing will shed light on its ability to scale operations and drive future success.
PadCare Funding:
Currently, Padcare has raised a total funding of $1.43 million (approx. Rs 11 crore) across five funding rounds. The latest of these was a seed round on February 9, 2023. Since then, the company has not sought additional capital from the market.
| Date of Funding | Funding Amount | Round Name | Investors |
|---|---|---|---|
| Feb 09, 2023 | $605K | Seed | Social Alpha, Lavni Ventures, and 3 more |
| Feb 03, 2023 | $122K | Angel | Peyush Bansal, Anupam Mittal, and 2 more |
| Dec 30, 2022 | $605K | Seed | Wellfound, Social Alpha, and 6 more |
| Dec 25, 2020 | $102K | Seed | BIRAC, Startups at Venture Center |
| Jul 24, 2018 | Undisclosed | Grant (Prize Money) | Not disclosed |
PadCare Investors (In India):
Investors play a crucial role in fueling the growth of any company, and in the case of Padcare Labs, approximately 19-20 investors have collectively contributed a total of $1.43 million, which is roughly Rs 11 crore. The names of key investors and the capital they have invested are mentioned in the table above for your reference.
For your convenience, I will also provide the complete list of all investors below this paragraph.
List of PadCare Labs Institutional Investors:
- Social Alpha, located in Bengaluru (India), made their first investment in Padcare Labs on Dec 30, 2022, in its Seed round.
- Lavni Ventures, located in Newark (United States), made their first investment in Padcare Labs on Dec 30, 2022, in its Seed round.
- Wellfound, located in New York City (United States), made their first investment in Padcare Labs on Dec 30, 2022, in its Seed round.
- BIRAC, located in Delhi (India), made their first investment in Padcare Labs on Dec 25, 2020, in its Seed round.
- Startups at Venture Center, located in India, made their first investment in Padcare Labs on Dec 25, 2020, in its Seed round.
- Maharashtra State Innovation Society, located in Mumbai (India), made their first investment in Padcare Labs on Jul 24, 2018, in its Grant (prize money) round.
Now moving to the next part of our blog about “Padcare Company Profile,” where we will be talking about the total revenue the company has done till now.
PadCare Labs Revenue (2023-2024):
At this stage of rapid growth, the exact revenue figure for Padcare Labs is not readily available. However, based on past data, the company is estimated to be operating within a revenue range of roughly Rs 1 crore to Rs 100 crore for the financial year ending on March 31, 2023. This wide range reflects the dynamic nature of the company’s expansion by the end of Financial Year 2024.
Now moving on to the next part of our blog in “Padcare Company Profile” where we will be talking about the competitors of PadCare Labs.
PadCare Competitors:
Competitors play a vital role in determining the growth and market of the company and it also effects the financial of the company like net worth, valuation ,revenue and other parameters like sales of a company.
PadCare Competitors List In India:
- FibroHeal Woundcare: A healthcare company that offers a silky touch.
- StepChange: A company that helps businesses achieve net-zero status.
- E-Trnl Energy: A company that offers cells that keep cool.
Now moving on to the next part of our blog in “Padcare Company Profile” where we will be talking about the current valuation of the company.
PadCare Valuation:
PadCare Labs, a clean-tech startup, was valued at Rs 25 crore during its spotlight moment on Shark Tank India Season 2, which aired in 2023.
In a striking display of faith in the company’s potential, judge Aman Gupta went as far as offering PadCare’s founder, Ajinkya Dhariya, a blank cheque—demonstrating his strong belief in the startup’s future growth and impact.
Recently, PadCare Labs secured Rs 5 crore in seed funding from prominent investors, including Social Alpha, Lavni Ventures, 3i Partners, Rainmatter, and Spectrum Impact.
This new round of funding has boosted the company’s valuation to an estimated range of Rs 30-40 crore, further solidifying its position as a rising player in the clean-tech space for year 2024.
Now, let’s move on to the final financial topic in the “Padcare Company Profile”—Turnover, a key indicator of the company’s overall growth. Turnover reflects Padcare’s ability to generate revenue from its operations and provides insights into its market presence and financial health.
PadCare Turnover:
Currently, the company consistently generates a turnover of Rs 10-15 crore each annually. These impressive numbers for a startup are a result of the Investors guidance and past experience in building a brand in this sector.
With nearly 250 clients, including Mahindra, P&G, Goldman Sachs, and Hero Group, Padcare Labs is generating a turnover of ₹2.2 crore. The company turnover is sure to grow ten folds by the end of financial year 2024-2025.
Let’s end this blog on the most asked FAQ question related to “Padcare Company Profile and its financials so lets start.
FAQ question:
How much funding has PadCareLabs raised till date?
PadCare has raised a total funding of roughly $1.43M over 5 rounds of funding.
How much funding did PadCareLabs raise in its latest funding round?
In last round of funding PadCareLabs has raised $605K , which was Seed round held on Feb 09, 2023.
Who are the lead investors in PadCareLabs’s latest funding round?
Social Alpha is the lead investor in PadCare Labs Company who has done the latest funding round held on Feb 09, 2023 investing over $605 K.
How many investors does PadCare Labs have?
PadCare roughly has 19-20 investors in which 14 are institutional investors including Social Alpha and 13 others ,6 are Angel investors including Peyush Bansal and 5 others.
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