Velmenni
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Velmenni - overview
Established
2012
Location
New Delhi, -, India
Primary Industry
Consumer Products
About
Velmenni is an innovative company focused on light communication technologies, specializing in advanced solutions like Visible Light Communication (VLC) and Light Fidelity (LiFi) for efficient wireless data transmission. Founded in 2012 in New Delhi, India, Velmenni is engaged in developing light communication technologies that enhance wireless data transmission. Deepak Solanki, one of the co-founders, serves as the CEO. Velmenni specializes in light communication technologies, offering products that utilize the visible and infrared light spectrum for bi-directional wireless data transmission.
Their key offerings include Visible Light Communication (VLC), Free Space Optics (FSO), and Light Fidelity (LiFi), designed for efficient wireless data transfer in enterprise and home environments. These technologies address challenges where traditional radio frequency (RF) communication is inadequate, serving clients such as smart building developers, airlines for in-flight entertainment, and industries needing secure communication in electromagnetically sensitive areas. In 2021, Velmenni reported a revenue of USD 76,915. 70 with an EBITDA of USD -119,593.
60. Their revenue model is focused on B2B transactions, primarily through direct sales and service agreements, leveraging their flagship products, including LiFi technology, to meet the growing demand for secure wireless communication across various sectors. Velmenni aims to enhance its product offerings by designing new technologies. In March 2026, Velmenni raised USD 3.
3 million in pre-series A funding led by pi Ventures, with participation from other investors Mounttech Growth Fund and Apekso. Velmenni is also targeting expansion into new markets, particularly urban centers globally, to meet the increasing demand for high-density connectivity solutions by the end of the next fiscal year.
Current Investors
Kalaari Capital, pi Ventures, Apekso Tradecom LLP
Primary Industry
Consumer Products
Sub Industries
Consumer Electronics, Internet Service Providers
Website
www.velmenni.com
Verticals
IoT (Internet of Things)
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Velmenni - financials
| Fiscal Year Ended | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 |
|---|---|---|---|---|
| Revenue (USD) | 7,859,434 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - |
| EBITDA (USD) | (1,374,493) | - | - | - |
| Operating Income (USD) | (1,375,585) | - | - | - |
| Operating Margin | (17.5%) | - | - | - |
| % EBITDA Margin | (17.5%) | - | - | - |
| NET Income (USD) | (1,387,988) | - | - | - |
| % Net Margin | (17.7%) | - | - | - |

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