# Stovekraft Pvt.

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

- Industry: Consumer Products
- Headquarters: Bangalore, India
- Website: www.stovekraft.com
- Total disclosed funding: $16M
- Latest round: Series B (Apr 2, 2010)
- Investors on record: 2

## About

Based in Karnataka, India, and founded in 1994, Stovekraft Pvt Ltd operates as a manufacturer and distributor of kitchen appliances. The company was founded by its Managing director Rajendra Gandhi. In January 2021, Stovekraft Pvt. Ltd. raised USD 25 million in venture funding led by Bajaj Allianz Life Insurance, Goldman Sachs, and IIFL Special Opportunities Fund. As of 2021 the company is having more than 61000 dealers and has a global presence in more than 12 countries.

The company offers iron boxes, gas stoves, microwave ovens, mixer grinders, cooktops, rechargeable lamps, hand blenders, and other related products under the brand pigeon, Gilma, Black+Decker, and Pigeon LED.

## Funding rounds

- Series B, Apr 2, 2010, $11M — Hong Shan
- Series A, Oct 17, 2007, $5M — SIDBI Venture Capital

## Investors

- SIDBI Venture Capital (https://capitalatlas.ai/funds/sidbi-venture-capital) — Series A
- Hong Shan — Series B