AIPALETTE INDIA PRIVATE LIMITED

Business Overview

• Aipalette India Private Limited is the Bengaluru-registered Indian subsidiary of Singapore-based Ai Palette, Aipalette Pte Ltd, an AI-powered consumer-insights platform for the Consumer Packaged Goods (CPG) industry.
• Per the parent's official site (aipalette.com): the platform's modules include Foresight Engine, real-time trend detection across 24 countries/18 languages, Concept Genie, generative-AI new-product-concept creation, Screen Winner, virtual concept validation, and Arya, an agentic AI assistant for food-industry innovation, launched December 2025.
• It aggregates roughly 61 billion data points from search, social media and e-retail sources.
• Client base includes Diageo, PepsiCo, Mondelez, L'Oreal, Kellogg's, Dole, Pringles and Shiseido.
• MCA/aggregator filings classify the Indian entity's registered activity as an "Other IT consulting services" (NIC 72900) company, consistent with it being an India-based R&D/support subsidiary of the Singapore product company.
• Falconebiz separately reports the Indian entity as an "Active Foreign Private Limited Company", i.e., an Indian company with foreign shareholding, corroborating the Singapore-parent relationship.
• Registered EPFO headcount at the India entity is 56, Source: Falconebiz; single source, not cross-verified.

Sector & Classification

Computer Related Services — "Other IT consulting services" (NIC 72900, matching CIN prefix U72900). Falconebiz classifies broadly as "Information Technology, IT Consulting & Support Services." Business is actually an AI/SaaS platform for CPG consumer-insights, filed under an IT-services NIC code (common for SaaS subsidiaries).

Directors & Key Management

GST Registrations

Primary GSTIN: 29AATCA2588H1Z0 (Karnataka). Confirmed via a primary GSTN-backed compliance API (ClearTax's per-GSTIN endpoint, which returns live GST-portal data): legal name "AIPALETTE INDIA PRIVATE LIMITED" (exact match), status Active, constitution "Private Limited Company," registration date 29/02/2020, state jurisdiction LGSTO 015 - Bengaluru, central jurisdiction RANGE-ASD5, nature of business "Supplier of Services," filing frequency quarterly. PAN embedded in GSTIN (AATCA2588H) matches the PAN reported by Tofler. This is the only GST registration identified for this entity (single home state: Karnataka) — no evidence of multi-state registration was found, consistent with a single-city SaaS/services operation.

Financials

• FY2024, most recent, per TheCompanyCheck, standalone, unaudited-aggregator figure: Revenue ~Rs 16.81 crore, up ~130% YoY.
• EBITDA and Net Profit for FY24 are paywalled ("locked") on TheCompanyCheck — not obtained.
• FY2023, per Tofler, standalone: Revenue band Rs 1-10 crore with 178.2% YoY growth, directionally consistent with a ~Rs 7.3 crore FY23 base implied by the FY24 130% growth figure — two sources corroborate the trend though neither gives an exact FY23 absolute figure
• Net worth declined -39.52% YoY
• Operating margin -37.15%
• Net profit margin -36.11% (loss-making)
• ROE -62.54%
• ROCE -53.77%
• Debt-to-Equity 0.18.
• Net worth and total borrowings in absolute Rs terms: not obtained (paywalled).
• No FY2025 filing was found yet, FY25 filings not typically due until ~Oct/Nov 2025-Sep2026 filing window.
• All figures above are standalone, the Indian subsidiary only, — no consolidated group financials were found or expected, since group reporting would sit with the Singapore parent.

Funding History

• Funding is reported at the Singapore parent, Ai Palette / Aipalette Pte Ltd, level, not separately for the Indian subsidiary, which is standard for such structures.
• Per aggregated web sources, Tracxn/Crunchbase-derived, corroborated across 3 independent articles: total raised ~US$12.7M+ across rounds since first funding on 23 Aug 2019.
• Series A: ~US$5.8M led by Tin Men Capital, announced ~March 2024.
• Series A1 extension: additional ~US$1.45M from InnoVen Capital (~June 2024), bringing combined Series A + A1 to ~US$7.7M.
• Other named investors across rounds: Exfinity Ventures, Pi Ventures, 11 institutional investors + 1 angel investor total, per aggregator.
• NOTE: round names/investor list should be treated as Tracxn-derived per this task's sourcing rules, round names only, and were not independently re-verified on Tracxn directly, Tracxn's own page could not be fetched — 404
• Triangulated instead via secondary press summaries, so treat as partial/unconfirmed rather than fully confirmed.

Shareholding

• Not obtained.
• Shareholding pattern for the Indian entity is paywalled on both Tofler and TheCompanyCheck/Falconebiz free tiers.
• It is reasonable to infer near-100% ownership by Aipalette Pte Ltd (Singapore) given Falconebiz's explicit classification of the entity as an "Active Foreign Private Limited Company" and its listing of Aipalette Pte Ltd as parent, but no cap-table percentage could be confirmed from an accessible source.

Loans & Charges

Related Parties

• Immediate parent: Aipalette Pte Ltd (Singapore) — per Falconebiz, which classifies the Indian entity as a foreign-owned private limited company.
• Ultimate parent (as of Oct 2025): GlobalData Plc, UK-based data & analytics company, which announced its acquisition of Ai Palette on/around 3 Oct 2025 — corroborated by 3 independent sources: GlobalData's own corporate press release, Ai Palette's own press release, "Ai Palette joins forces with GlobalData", and an independent trade write-up, Asia Tech Daily, which also cites a deal value of ~US$11.5M.
• This resolves what would otherwise look like a parent-name conflict between aggregator data, Aipalette Pte Ltd, and the current corporate site (GlobalData) — both are correct at different levels of the ownership chain, pre- and post-acquisition.
• No other group/related entities were identified for the Indian subsidiary specifically, no sister-company or common-director overlaps found in the two director records available.

Credit Ratings

• None found.
• No CRISIL/ICRA/CARE rating could be located for this entity on any searched source — plausible given its small paid-up capital and startup-subsidiary profile, such entities typically do not carry bank-facility ratings unless borrowing significantly; the one identified charge, Rs 2 crore from IDFC First Bank, is modest and may not require a public rating.

Legal & Compliance

• None found. A search on Indian Kanoon for "Aipalette India Private Limited" returned no matching results, 0 judgments/orders. No litigation could be identified via any other accessible source either.

Competitive Landscape

• AI-driven consumer-insights / trend-forecasting-for-CPG peers, named, with rough scale tags: 1.
• Spate, US, AI trend-forecasting for beauty/CPG — similar-stage venture-funded startup.
• 2.
• Trendalytics, US, retail trend intelligence for consumer brands — similar-stage startup.
• 3.
• Suzy, US, on-demand consumer-insights/research platform — growth-stage, larger funded startup.
• 4.
• Kantar, UK, global market-research and consumer-insights group — large multinational incumbent.
• 5.
• Brandwatch, owned by Cision, social-listening & consumer-intelligence platform — large enterprise incumbent.
• 6.
• Circana, formerly IRI, US, CPG/retail data & analytics — large enterprise incumbent.
• Ai Palette itself sits at the smaller/venture-funded end of this set pre-acquisition, now backed by GlobalData's larger data-and-analytics scale post-Oct-2025 deal.

Frequently Asked Questions

Sources

Tofler (tofler.in) — identity, capital, directors, FY23 financial ratios, IDFC First Bank charge. Falconebiz (falconebiz.com) — identity, capital, directors w/ appointment dates, parent company, EPFO headcount, charges summary. TheCompanyCheck (thecompanycheck.com) — status, capital, directors, FY24 revenue. ClearTax per-GSTIN compliance API (cleartax.in/f/compliance-report/{GSTIN}) — primary GST-portal-backed record for GSTIN 29AATCA2588H1Z0. aipalette.com (official site) — business overview, products, clients, offices. GlobalData corporate press release + Ai Palette's own press release + Asia Tech Daily — GlobalData acquisition of Ai Palette (~Oct 2025, ~US$11.5M). Secondary press aggregation (via search) citing Tracxn/Crunchbase — funding history (Series A/A1, investors). Indian Kanoon (indiankanoon.org) — legal search, zero results.