# Allygrow Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/allygrow-technologies-private

- Industry: Business Support Services
- Headquarters: Pune, India
- Website: www.allygrow.com
- Total disclosed funding: $19M
- Latest round: Series A (Jan 10, 2019)
- Investors on record: 2

## About

Allygrow Technologies specializes in advanced industrial automation and product design solutions, primarily for the automotive sector, enhancing efficiency through innovative technology integration.Founded in 2015 in Pune, India, Allygrow Technologies focuses on delivering automation and product design solutions for various vehicle types. The company underwent a significant transition in December 2021 when Ceinsys Tech Ltd. acquired it for INR 680 million in a Trade Sale. The company has successfully completed three deals since its inception. The CEO of Allygrow Technologies is Vishal Pawar, who has a background in technology and business management.Allygrow Technologies provides a comprehensive suite of services, including product engineering, styling concepts, feasibility design and validation, CAD and ECM, manufacturing engineering, and industrial automation. Their solutions leverage technologies such as virtual validation and embedded systems, catering to sectors like passenger cars, commercial vehicles, off-highway vehicles, and two- or three-wheelers. Their clientele spans across North America, Europe, and Asia, including automotive manufacturers and industrial firms focused on optimizing production and engineering processes.In the most recent fiscal year 2023, Allygrow Technologies reported a revenue of INR 2,768,523.50 and an EBITDA of INR 3,036,336.20. The company primarily generates revenue through a B2B model, engaging with clients in project-based contracts and long-term partnerships, which include milestone payments based on the completion of specific project phases.Allygrow Technologies is currently focusing on expanding its product offerings and entering new geographic markets. The company is designing innovative solutions that will be launched in the upcoming year, specifically targeting regions in North America and Europe for expansion by the end of 2024. The recent acquisition by Ceinsys Tech Ltd. will provide the necessary capital to support these initiatives, enhancing their capacity for product development and market outreach.

## Funding rounds

- Series A, Jan 10, 2019, $0.9M — Zodius Capital
- Series A, Aug 26, 2015, $18M — Zodius Capital, Vistra ITCL

## Investors

- Zodius Capital (https://capitalatlas.ai/funds/zodius-capital) — Series A
- Vistra ITCL — Series A