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
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INR 30 - 35 Cr |
| 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. | |
| Motives For Sellout | Strategic Realignment |
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
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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 | |
| EBDITA | N.D | ||||
| PAT | N.D | ||||
| TOTAL DEBT | N.D | N.D | N.D | N.D | |
Other
Information memo
If you are interested in connecting with business please send an Expression of Interest and receive Information Memo to take this opportunity further
EXPRESS INTEREST MARK FAVOURITE
