Evato Technology Private Limited
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Evato Technology Private Limited - overview
Established
2016
Location
Gurgaon, Haryana, India
Primary Industry
Software
About
Evato Technology Private Limited develops advanced software solutions aimed at enhancing operational efficiency for businesses across diverse sectors, including logistics, finance, and healthcare. Founded in 2016 in Gurgaon, India, Evato Technology Private Limited specializes in providing innovative software solutions tailored to businesses. The company has raised INR 450. 000 mn in Series A funding on October 25, 2021, led by Think Investments and including General Catalyst India, bringing their total funding to INR 450.
000 mn. The firm's CEO and co-founder is Divay Kumar, who has a history of founding other ventures prior to Evato. Evato Technology specializes in advanced software solutions designed to improve business operations across various sectors. Their product suite focuses on addressing challenges such as data management, process automation, and performance optimization.
Clients in logistics, finance, and healthcare leverage their technology to enhance operational efficiencies. The company's solutions are deployed globally, with a presence in North America, Europe, and parts of Asia. For the year 2023, Evato Technology reported revenue of INR 931,949. 30, while experiencing an EBITDA loss of INR 2,240,112.
40. Following their Series A funding round in October 2021, Evato Technology plans to use the funds to enhance operations in North America and Southeast Asia. They aim to grow their enterprise customer base to over 500 and increase their workforce to more than 200. Future product launches are expected, although specific dates and details are not disclosed.
Current Investors
General Catalyst India, Startup Buddy Services Pvt. Ltd., Think Investments
Primary Industry
Software
Sub Industries
Logistics Software, Application Integration Software, Analytics & Performance Software
Website
www.o4s.io
Verticals
Cloud Computing, Mobile Apps
Company Stage
Series A
Total Amount Raised
Subscriber access only
Evato Technology Private Limited - financials
| Fiscal Year Ended | 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) | 10,000 | 506,257 | 3,264,368 | 9,024,612 | 19,613,096 | 34,187,897 | - | - | - |
| % Revenue Growth (YoY) | - | 4962.6% | 544.8% | 176.5% | 117.3% | 74.3% | - | - | - |
| EBITDA (USD) | (508,694) | (244,072) | (1,033,954) | (7,979,451) | (45,944,230) | (71,304,560) | - | - | - |
| Operating Income (USD) | (508,694) | (250,072) | (1,102,096) | (8,318,720) | (47,014,551) | (72,920,982) | - | - | - |
| Operating Margin | (5086.9%) | (49.4%) | (33.8%) | (92.2%) | (239.7%) | (213.3%) | - | - | - |
| % EBITDA Margin | (5086.9%) | (48.2%) | (31.7%) | (88.4%) | (234.3%) | (208.6%) | - | - | - |
| NET Income (USD) | (507,237.1) | (249,257) | (267,335) | (5,738,082) | (48,875,617) | (54,739,995) | - | - | - |
| % Net Margin | (5072.4%) | (49.2%) | (8.2%) | (63.6%) | (249.2%) | (160.1%) | - | - | - |
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