Primebook Closes FY 2024-25 with Rs 62 Cr ARR, Sells 60,000 Units
Primebook, a notable startup featured on Shark Tank India, has concluded its fiscal year 2024-25 with impressive results. The company reported an annual revenue run rate (ARR) of Rs 62 crore and sold over 60,000 units of its innovative devices.
The company's strong performance can be attributed to various factors. The fourth quarter contributed Rs 15.6 crore to the annual revenue, driven by increased consumer demand and an optimised conversion funnel. Primebook's devices, running on PrimeOS, the first homegrown Android-based operating system for laptops, offer a true desktop experience with support for Android apps and multi-window multitasking. This unique selling proposition has resonated with consumers, leading to high product adoption.
Primebook's co-founder and CEO, Chitranshu Mahant, expressed satisfaction with the strong product validation, highlighting the need for cost-effective and seamless computing. The company is now gearing up to launch its Gen 2 series, promising enhancements in speed, usability, and design. To support its growth, Primebook raised $2 million in a pre-Series A round in late April, involving equity and debt. The funding round saw participation from Inflection Point Ventures, Auxano Capital, NexG Devices, and high-net-worth individual investors such as Rikant Pittie and Bhavesh Gupta. The company also achieved a significant ARR of Rs 12 crore on the Amazon marketplace during the year.
Primebook's successful fiscal year, marked by increased sales and revenue, underscores the growing demand for its innovative devices. With a strong product pipeline and robust funding, the company is well-positioned to continue its growth trajectory in the coming years.
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