Ergos Business Solutions Private Limited
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Ergos Business Solutions Private Limited - overview
Established
2010
Location
Bangalore, Karnataka, India
Primary Industry
Agribusiness
About
Ergos Business Solutions Private Limited, based in India, focuses on providing innovative supply chain and logistics solutions that enhance operational efficiency for businesses across various sectors. Founded in 2010 and headquartered in Bangalore, India, Ergos Business Solutions Private Limited specializes in supply chain management solutions. The company has completed a total of 12 deals, with the most recent funding round being a Series B on September 22, 2023, where it raised USD 7. 00 mn led by Abler Nordic, alongside Aavishkaar Capital, Chiratae Ventures, and Trifecta Venture.
The total amount raised by the company to date is USD 7. 00 mn. Kishor Jha is the founder, who has a history of driving innovation in technology solutions. Ergos specializes in innovative solutions designed to enhance productivity and efficiency within the supply chain and logistics sectors.
The company's core product offerings include advanced supply chain management systems and technology-driven logistical solutions that streamline operations for businesses. These products cater to a diverse clientele, including manufacturers, retailers, and wholesalers, primarily in the Asia-Pacific region, where there is a growing demand for effective supply chain management. The solutions are engineered to address common challenges, such as inventory management, order fulfillment, and real-time tracking, enabling businesses to optimize their processes and reduce operational costs. With a focus on empowering end users, Ergos aims to significantly improve the efficiency and reliability of logistics operations across various industries.
In the most recent fiscal year 2023, Ergos reported a revenue of USD 27. 87 mn. The company generated an EBITDA of USD -2. 62 mn during the same period.
Ergos generates revenue through a combination of direct sales and subscription-based models for its suite of products and services, primarily targeting enterprises that require robust supply chain management solutions. Following the Series B funding round in September 2023, where Ergos raised USD 7. 00 mn, the company plans to utilize this capital to scale up its operations and deepen its presence in the farming community. Additionally, Ergos is focused on designing new products aimed at enhancing its supply chain solutions while also targeting expansion into new geographic markets in the Asia-Pacific region by the end of 2024.
Current Investors
Aavishkaar Venture Management Services, Aavishkaar Capital, Chiratae Ventures
Primary Industry
Agribusiness
Sub Industries
Web Applications, Farm Support Services
Website
www.ergos.in
Verticals
Agtech, IoT (Internet of Things), Mobile Apps
Company Stage
Series B
Total Amount Raised
Subscriber access only
Ergos Business Solutions Private Limited - timeline of key events
Ergos Business Solutions Private Limited - financials
| Fiscal Year Ended | 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) | 2,012.4 | 201,610,242 | 89,259,697.3 | 88,873,390.7 | 174,107,510.2 | 190,499,201.2 | 240,149,683 | 408,127,811 | - | - | - |
| % Revenue Growth (YoY) | - | 10018298.0% | (55.7%) | (0.4%) | 95.9% | 9.4% | 26.1% | 69.9% | - | - | - |
| EBITDA (USD) | 16.1 | (5,046,533.6) | (8,718,294) | (9,906,084.4) | (3,871,863.1) | (8,142,728.9) | (33,694,446) | (30,681,989) | - | - | - |
| Operating Income (USD) | 15.7 | (6,268,497.6) | (10,777,045) | (12,109,304.4) | (5,574,455.3) | (9,584,970.9) | (35,011,651) | (43,581,574) | - | - | - |
| Operating Margin | 0.8% | (3.1%) | (12.1%) | (13.6%) | (3.2%) | (5.0%) | (14.6%) | (10.7%) | - | - | - |
| % EBITDA Margin | 0.8% | (2.5%) | (9.8%) | (11.1%) | (2.2%) | (4.3%) | (14.0%) | (7.5%) | - | - | - |
| NET Income (USD) | - | (6,900,552.2) | (11,232,714.4) | (12,269,431.3) | (5,650,189.6) | (13,891,649.9) | (43,192,207) | (58,017,309) | - | - | - |
| % Net Margin | - | (3.4%) | (12.6%) | (13.8%) | (3.2%) | (7.3%) | (18.0%) | (14.2%) | - | - | - |
Ergos Business Solutions Private Limited - employee data
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