# qZense Labs Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qzense-labs-pvt

- Industry: Hardware
- Headquarters: Bangalore, India
- Website: www.qzense.com
- Total disclosed funding: $1.1M
- Latest round: Seed (Feb 13, 2021)
- Investors on record: 8

## About

qZense Labs Pvt. Ltd. is an IoT solutions provider focused on minimizing food spoilage, enhancing quality management in the food supply chain, and optimizing inventory through advanced sensor technology and analytics.Founded in 2019, qZense Labs Pvt. Ltd. operates from Bangalore, India, specializing in IoT solutions that address food spoilage issues. The company's co-founders are Rubal Chib and Srishti Batra, with Rubal serving as the CEO. In February 2021, the firm raised INR 34.76 million in a Seed funding round from investors including HAX and SOSV, bringing the total amount raised to INR 34.76 million. The company has completed three deals so far, with a current valuation of INR 239.646 million.QZense Labs specializes in providing IoT solutions designed to minimize food spoilage, specifically targeting issues related to internal spoilage, ripeness, sweetness, and shelf life. The core product offerings utilize advanced sensor technology and analytics to monitor and manage the quality of fresh food throughout the supply chain. This technology is particularly beneficial for stakeholders in the seafood supply chain, including producers, distributors, and retailers, who seek to enhance operational efficiency and reduce waste. By delivering real-time data and insights, QZense enables its clients to make informed decisions that maintain product quality and optimize inventory management. The company's services are predominantly targeted at markets in India and the broader South Asian region, addressing the unique challenges of fresh food supply chains in these areas.In 2023, qZense Labs reported a revenue of INR 272,800.80 with an EBITDA of INR -145,233.30. Revenue generation primarily stems from B2B transactions with seafood suppliers and retailers, involving IoT-based automation and analytics solutions, typically offered through tiered subscription plans that provide varying levels of data analytics and support.Following its recent Seed funding round in February 2021, qZense Labs Pvt. Ltd. aims to enhance its product offerings and expand into new geographic markets. The company plans to leverage the INR 34.76 million raised to develop additional IoT solutions tailored for the seafood industry and other perishable goods sectors. Specific regions for market expansion include Southeast Asia, with a targeted timeline for launching new products and entering these markets by late 2024.

## Funding rounds

- Seed, Feb 13, 2021, $0.5M — SOSV, HAX, Sat Industries Limited
- Seed, Dec 12, 2020, $0.6M — Lumis Partners, The Chennai Angels, Entrepreneur First, Venture Catalysts, 100Unicorns
- Seed, Sep 14, 2019, $0.1M — SOSV, HAX

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- HAX — Seed
- Lumis Partners (https://capitalatlas.ai/funds/lumis-partners) — Seed
- The Chennai Angels (https://capitalatlas.ai/funds/the-chennai-angels) — Seed
- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Seed
- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Seed
- 100Unicorns (https://capitalatlas.ai/funds/100unicorns) — Seed
- Sat Industries Limited — Seed