Stovekraft Pvt. Ltd manufactures small appliances, solar water heaters and modular kitchens under the Pigeon and Gilma brands. The company operates manufacturing facilities in Bangalore and Baddi, Himachal Pradesh. According to the report, it received a Rs50 crore investment from Sequoia Capital. The firm will use the funds to further expand across India. The article does not provide revenue, user metrics, past funding rounds, or founding year. Stovekraft manufactures small household appliances, notably pressure cookers and LPG stoves, and sells under the Pigeon and Gilma brands. The company is the largest LPG stove manufacturer and the third largest pressure cooker manufacturer in the country. It currently operates around 26 stores in Southern markets and plans to expand retail presence to about 200 stores across South, Maharashtra and Gujarat. Management intends to broaden the Gilma product line to include chimneys, modular kitchens and solar water heaters (launch planned by November). Stovekraft plans to set up a new manufacturing unit in Bangalore and already has manufacturing capacity in Himachal Pradesh. The company has stated an intent to pursue a public issue in 2010-2011.

Total raised

$17M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2010