# Peel-Works Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/peel-works-private

- Industry: Software
- Headquarters: Mumbai, India
- Website: www.peel-works.com
- Total disclosed funding: $12M
- Latest round: Series C (Dec 3, 2019)
- Investors on record: 9

## About

Peel-Works Private Limited specializes in providing innovative technological solutions that enhance operational efficiency and streamline processes for various industries, including healthcare, finance, and retail.Founded in 2010 in Mumbai, India, Peel-Works Private Limited focuses on delivering technology solutions designed to optimize supply chain operations. The company has executed a total of 15 deals and successfully raised INR 120 million in funding during a venture funding round in April 2021. The company was co-founded by Nidhi Ramachandran, Pushkar Raj, and Sachin Chhabra, who have extensive backgrounds in the technology sector.The company’s core product offerings center around innovative technological solutions that address specific challenges within the industry. These solutions are designed to enhance operational efficiency, streamline processes, and improve user experience across multiple sectors, including healthcare, finance, and retail. The products have been tailored to serve a diverse clientele ranging from small businesses to large corporations, all seeking to leverage technology for better outcome delivery. Geographically, the company’s products have been successfully deployed in North America, Europe, and select markets in Asia-Pacific, reflecting a strong international presence.In the most recent year, 2023, Peel-Works Private Limited achieved a revenue of INR 7,906,259.50, with an EBITDA of INR -36,174.60. The company generates revenue primarily through a subscription-based model, allowing clients to access its suite of products and services on a recurring basis. This transactional structure enables flexible pricing plans tailored to the unique needs of businesses, with options for both B2B and direct-to-consumer engagement. Flagship products are offered at competitive rates, encouraging adoption among a wide range of customers while fostering long-term partnerships.Peel-Works Private Limited plans to utilize the recently raised INR 120 million in venture funding to enable its supply partners to reduce the turnaround time in inventory procurement across a wide assortment of SKUs. The company is focused on expanding its offerings by designing new products that enhance operational workflows and are expected to launch in 2024. Additionally, Peel-Works is targeting expansion into new geographic markets, including Southeast Asia and the Middle East, aiming for a significant presence by the end of 2025.

## Funding rounds

- Series C, Dec 3, 2019, $1.3M — Unilever Ventures, Inventus Capital Partners, Chiratae Ventures, HDFC Bank, Equanimity Investments
- Series B, Mar 29, 2019, $5M — Unilever Ventures, Inventus Capital Partners, Chiratae Ventures, HDFC Bank, Equanimity Investments
- Series B, Dec 28, 2018, $0.8M — Unilever Ventures, Inventus Capital Partners, Chiratae Ventures, Vistra ITCL
- Series B, Nov 28, 2017, $2.1M — Unilever Ventures, Inventus Capital Partners, Chiratae Ventures, Vistra ITCL
- Series A, Apr 22, 2016, $0.5M — Inventus Capital Partners, IDG Ventures India Advisors, Indian Angel Network, Vistra ITCL, BFL Investment GmbH
- Series A, Nov 30, 2015, $0.5M — Inventus Capital Partners, IDG Ventures India Advisors, Indian Angel Network, Vistra ITCL, BFL Investment GmbH
- Series A, Jul 18, 2014, $2M — Inventus Capital Partners, Chiratae Ventures, Vistra ITCL

## Investors

- Inventus Capital Partners (https://capitalatlas.ai/funds/inventus-capital-partners) — Series A, Series B, Series C
- Chiratae Ventures (https://capitalatlas.ai/funds/chiratae-ventures) — Series A, Series B, Series C
- Vistra ITCL — Series A, Series B
- IDG Ventures India Advisors — Series A
- Indian Angel Network (https://capitalatlas.ai/funds/indian-angel-network) — Series A
- BFL Investment GmbH — Series A
- Unilever Ventures (https://capitalatlas.ai/funds/unilever-ventures) — Series B, Series C
- HDFC Bank — Series B, Series C
- Equanimity Investments (https://capitalatlas.ai/funds/equanimity-investments) — Series B, Series C