# Avataar

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/avataar

- Industry: Software
- Headquarters: Bengaluru, India
- Website: www.avataar.ai
- Total disclosed funding: $40M
- Latest round: Series B (Dec 17, 2021)
- Investors on record: 2

## About

Soul Vision Creations Private Limited, trading under the name Avataar, specializes in augmented reality (AR) solutions, enhancing user engagement across various sectors through immersive experiences and innovative platforms tailored to client needs.Founded in 2014 and headquartered in Bangalore, India, Soul Vision Creations Private Limited operates in the AR industry, providing solutions designed for diverse sectors. The company has engaged in five deals with its most recent funding round, a Series B, occurring on December 17, 2021, where it raised INR 2.52 billion led by Tiger Global Management, with participation from Sequoia Capital. The total amount raised by the company amounts to INR 2.52 billion, leading to a current valuation of INR 18,401.352 mn.Avataar, the company's primary product, offers an advanced AR platform that empowers businesses to create customized immersive experiences. Targeting sectors like retail, real estate, and automotive, the platform enables virtual try-ons, product visualizations, and interactive tours to enhance customer engagement and reduce product returns. The company markets its products across North America, Europe, and parts of Asia, catering to both enterprise clients and individual consumers.In 2022, Soul Vision Creations reported a revenue of INR 2,143,995.3, while facing an EBITDA loss of INR 5,164,389.1 for the same year. The company's revenue model is based on B2B partnerships and direct-to-consumer transactions, leveraging subscription-based services and customized agreements to generate income.Following its Series B funding round in December 2021, which raised INR 2.52 billion, Soul Vision Creations is focusing on expanding its AR solutions into new markets. The company plans to enhance its product offerings, including new features designed to elevate user interaction, aiming for a broader international presence by the end of 2024.

## Funding rounds

- Series B, Dec 17, 2021, $33M — Hong Shan, Tiger Global Management
- Series A, Oct 16, 2020, $7M — Hong Shan

## Investors

- Hong Shan — Series A, Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B