LetzConnect Technologies Private Limited
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LetzConnect Technologies Private Limited - overview
Established
2016
Location
Chennai, Tamil Nadu, India
Primary Industry
Internet
About
LetzConnect Technologies Private Limited is a Chennai-based firm specializing in innovative digital solutions aimed at enhancing operational efficiency and user engagement across various sectors, including healthcare, finance, and retail. Founded in 2016 in Chennai, India, LetzConnect Technologies Private Limited focuses on delivering digital solutions tailored for businesses. The company raised INR 13. 80 million in funding on April 12, 2019, from Obopay and SucSEED Venture Partners, valuing it at INR 754.
89 million post-money. The founders, Aarati GhanaShyam and Praveen Ganesh, have been pivotal in its establishment and growth. LetzConnect Technologies Private Limited offers a suite of digital tools designed to improve operational efficiency, user engagement, and communication across multiple sectors. Their flagship product is an AI-integrated platform that streamlines business processes for industries such as healthcare, finance, and retail, catering to both small and large enterprises.
The company has established a diverse client base across North America, Europe, and parts of Asia, serving both B2B and B2C markets. In the most recent fiscal year of 2023, LetzConnect Technologies Private Limited reported a revenue of INR 0 and an EBITDA of -INR 94,178. 1. LetzConnect Technologies Private Limited is focused on product development, with plans to launch new offerings aimed at enhancing user engagement by mid-2024.
The company is also targeting expansion into new geographic markets in Southeast Asia and Europe by late 2025. The recent funding of INR 13. 80 million will support these initiatives, allowing for enhanced product development and market penetration efforts.
Current Investors
Obopay, SucSEED Venture Partners
Primary Industry
Internet
Sub Industries
Education & Training Website, Education & Training Services, Web Applications, Social Networking & Communication Platform
Website
www.letzconnect.com
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
LetzConnect Technologies Private Limited - timeline of key events
LetzConnect Technologies Private Limited - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | 15,020,420 | 1,008,749 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | (93.3%) | - | - | - |
| EBITDA (USD) | - | (5,650,397) | (26,115,735) | (17,163,909) | (17,686,562) | - | - | - |
| Operating Income (USD) | - | (6,172,882) | (27,739,333) | (19,050,535) | (26,569,932) | - | - | - |
| Operating Margin | - | - | - | (126.8%) | (2633.9%) | - | - | - |
| % EBITDA Margin | - | - | - | (114.3%) | (1753.3%) | - | - | - |
| NET Income (USD) | - | (6,172,882) | (28,398,170) | (19,604,735) | (27,076,172) | - | - | - |
| % Net Margin | - | - | - | (130.5%) | (2684.1%) | - | - | - |
LetzConnect Technologies Private Limited - employee data
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