Charmeuse Technologies Pvt. Ltd.

Charmeuse Technologies Pvt. Ltd. specializes in enterprise resource planning (ERP) software tailored for the textile and garment manufacturing sector in India, enhancing operational efficiency through automated processes and real-time data management. Founded in 2018, Charmeuse Technologies Pvt.

Ltd. is based in Ahmedabad, India. The company focuses on providing ERP solutions specifically for the textile industry. The founders, Harish Rajpurohit and Vikash Rajpurohit, bring prior entrepreneurial experience to the venture.

The company has engaged in 3 funding deals, with its latest funding round securing INR 3. 150 mn, matching the total amount raised of INR 3. 150 mn, and giving the company a current valuation of INR 117. 215 mn.

Charmeuse Technologies Pvt. Ltd. offers VastraApp, an ERP software designed for the textile and garment manufacturing industry in India. It facilitates essential business functions, including inventory management, production tracking, billing, and order management, all accessible via mobile devices.

The platform supports users in generating GST invoices, E-way bills, and monitoring sales and purchase orders in real time. VastraApp caters to a wide range of clients, having over 100,000 businesses utilizing its services across India, aiming to improve productivity and reduce administrative burdens. In the most recent fiscal year 2023, Charmeuse Technologies Pvt. Ltd.

reported revenue of INR 214,496. 9, with an EBITDA of -INR 242,643. 7. The company relies on a subscription-based model, charging clients for access to its ERP software, which includes advanced features for operational management.

This structured approach ensures a steady revenue stream from its predominantly textile industry clientele. Charmeuse Technologies Pvt. Ltd. plans to expand its offerings with new product features aimed at enhancing user experience and operational capabilities.

Future geographic expansion is targeted towards regions outside India, although specific timelines and markets have not been disclosed. The recent funding round of INR 3. 150 mn from Desai Ventures will support the development of new products and facilitate entry into these new markets.