MeitY Startup Hub onboards MergerDomo to strengthen start-up ecosystem in India
Posted By - Investment Banker
The company was started way back in 2009 as design led engineering firm with strong Outsourced Product Development capabilities. They have been growing year on year with a positive bottom line on financials and are currently 60 plus people strong team, having built their expertise in DEVOPS and MICRO SERVICES. They have worked on more than 500 projects in the last 10 years, with clients like Tech Mahindra, STL , Bilcare, Book My Show, Affinity and Translations.com to name a few from the 200 odd list. The venture has raised 2 rounds of funding in their journey so far and are open to M&A proposition, with full or partial exit options.
Deal Size
INR 30 - 35 Cr
Motives For Sellout
Strategic Realignment
Justification
They have 2 product platforms with some marquee clients and long term projects. The venture has raised 2 rounds of funding from institutional investors and have the valuations validated.
Industry
Information and Communications Technology-ICT
Sub-Industry
IT Consulting
Management is open to continue with the business for handholding the new investor/buyers
Industry
Information and Communications Technology-ICT
Sub-Industry
IT Consulting
Division
Division`s Buyers/Customers
Division`s Plant Location
Division`s Products/Services
Division`s Products/Services
Division`s Products/Services
Division`s Products/Services
Division`s Products/Services
Justification
Strong Marquee Clients- Tech Mahindra, Book My show, Affinity etc.
Justification
Consistent growing Revenues and Profitable
| 2017 (in Cr) | 2018 (in Cr) | 2019 (in Cr) | 2020 (in Cr) | ||
|---|---|---|---|---|---|
| Sales | N.D | INR 3.98 Cr | INR 8.13 Cr | INR 10.33 Cr | |
| EBITDA | N.D | ||||
| PAT | N.D | ||||
| TOTAL DEBT | N.D | N.D | N.D | N.D | |
If you are interested to connect with this party, please send an Expression of Interest and receive Information Memo to take this opportunity further
Other
Information memo
