Company Intelligence Profile
Paralleldots Technology Private Limited
ParallelDots is a retail-tech / computer-vision AI company.
Last updated 21 August 2026
Paralleldots Technology Private Limited, incorporated in 2017 and based in New Delhi, is a retail-tech and computer-vision AI company. Its flagship product, ShelfWatch, uses AI image recognition on shelf photographs to monitor product availability, price compliance, planogram adherence and competitor activity for consumer goods brands and retailers. Other products include Saarthi and SmartGaze. It is a DPIIT-recognised startup and a subsidiary of a foreign company.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Paralleldots Technology Private Limited |
|---|---|
| CIN | U74999DL2017FTC326321 |
| PAN | Not available in the public sources reviewed. |
| Status | Active |
| Listing | Unlisted / Not listed (private limited company) |
| Incorporated | 22 November 2017 |
| ROC | RoC Delhi |
| Sector (NIC) | Business services / software development and information communication services; classified as a private company that is a subsidiary of a foreign company (i.e., foreign-owned/controlled) |
| Registered address | 14, 2nd Floor, Arjun Nagar, Safdarjung Enclave, South Delhi, New Delhi, Delhi, India – 110029 |
| Authorized capital | ₹1 Lakh |
| Paid-up capital | ₹1 Lakh |
Business Overview
- ParallelDots is a retail-tech / computer-vision AI company
- Its flagship product ShelfWatch uses AI image recognition on shelf photographs to monitor product availability, price compliance, planogram adherence, and competitor activity for CPG brands and retailers
- Other products include Saarthi (rapid AI training for new SKU detection) and SmartGaze (gaze-coding for eye-tracking research)
- Stated deployment across 50+ countries, 2.5M+ retail outlets, 15M+ photos processed monthly; customers named include Mondelez, Unilever, Heineken, BAT, Asahi, Reckitt, ITC, Kraft Heinz
- Corporate registry classifies it as a "private subsidiary of a foreign company" operating in IT consulting/support services, and it is recognised as a DPIIT startup
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Muktabh Mayank Srivastava | 07511796 | - | 22 Nov 2017 |
Financials
- Revenue ₹27.7 Cr (approx. 14% YoY growth)
- EBITDA and Net Profit not accessible (paywalled)
- Employee count ~121 (as of 30 Mar 2024). Standalone vs. consolidated basis not specified. Last AGM held 30 Sep 2025 for FY ended 31 Mar 2025. No second source corroborates these figures — flag as partial, not confirmed
Funding
- Series A of $4.5M led by Btomorrow Ventures, plus additional $1.4M from Multipoint Capital
- Round dates and post-money valuation not obtained
- Not independently corroborated by Tracxn/Entrackr/Inc42 in this pass — treat as partial pending a second source
Legal (Indian Kanoon)
- No matching results on Indian Kanoon for "ParallelDots" — no indexed litigation found (searched 19 Aug 2026)
- Absence of hits is not conclusive proof of no litigation, only that none is indexed there
Competitors
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