Acidaes Solutions Pvt. Ltd.
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Acidaes Solutions Pvt. Ltd. - overview
Established
2001
Location
Noida, -, India
Primary Industry
Software
About
Acidaes Solutions Pvt. Ltd. provides innovative customer relationship management (CRM) solutions that enhance customer engagement and streamline business operations across multiple sectors, including banking, insurance, and manufacturing. Acidaes Solutions Pvt.
Ltd. was founded in 2001 and operates from Noida, India. The company specializes in CRM solutions, enabling businesses to effectively manage customer interactions. The company successfully raised INR 1.
2 billion in Series B funding on July 8, 2021, co-led by Ascent Capital and Avataar Venture Partners, bringing the total amount raised to INR 1. 2 billion. The firm has completed 3 deals to date. Manoj Singh is the founder, while Nishant Singh and Sobug Biswas serve as CEOs.
Acidaes Solutions Pvt. Ltd. specializes in delivering comprehensive CRM solutions tailored to enhance customer engagement and optimize business processes. Their offerings empower organizations across diverse industries, such as banking and manufacturing, to efficiently manage customer interactions through robust analytics, automation, and customizable workflows.
Key functionalities of their platform include lead management, sales automation, and customer support tools, aimed at improving service delivery and boosting customer satisfaction. The company markets its solutions in North America, Europe, and Asia, catering to the varying needs of businesses in these regions. In 2023, Acidaes Solutions Pvt. Ltd.
reported revenue of INR 33,393,854. 90 with an EBITDA of INR 1,151,504. 90, primarily generated through a subscription-based business model that offers clients tiered access to their CRM services. Following its recent Series B funding, Acidaes Solutions Pvt.
Ltd. plans to utilize the INR 1. 2 billion raised for geographical expansion and to double its workforce. The company is focused on launching new products tailored to the evolving needs of their clients, with specific plans to enter additional markets in North America and Europe by the end of 2024.
Current Investors
Avataar Venture Partners, Ascent Capital
Primary Industry
Software
Sub Industries
Sales & Marketing Software, Customer Relationship Management, Content Management Software, Analytics & Performance Software
Website
www.crmnext.com
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Acidaes Solutions Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | 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) | - | - | 367,625,141 | 460,634,296 | 849,223,856 | 1,002,928,864 | 1,230,930,162 | 1,336,453,332 | 1,739,267,930 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | 25.3% | 84.4% | 18.1% | 22.7% | 8.6% | 30.1% | - | - | - |
| EBITDA (USD) | 77,211,767 | 66,783,639 | 41,965,282 | 39,895,036 | 115,823,568 | 107,470,100 | 215,035,482 | 89,958,605 | 103,205,816 | - | - | - |
| Operating Income (USD) | 68,657,152 | 58,226,333 | 23,245,208 | 23,449,282 | 94,419,458 | 85,462,743 | 197,644,518 | 68,681,617 | 76,332,177 | - | - | - |
| Operating Margin | - | - | 6.3% | 5.1% | 11.1% | 8.5% | 16.1% | 5.1% | 4.4% | - | - | - |
| % EBITDA Margin | - | - | 11.4% | 8.7% | 13.6% | 10.7% | 17.5% | 6.7% | 5.9% | - | - | - |
| NET Income (USD) | 46,406,151 | 39,731,377 | 9,512,471 | 28,604,543 | 56,787,979 | 56,318,533 | 147,046,568 | 44,237,264 | 78,295,671 | - | - | - |
| % Net Margin | - | - | 2.6% | 6.2% | 6.7% | 5.6% | 11.9% | 3.3% | 4.5% | - | - | - |
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