Heckyl Technologies Pvt. Ltd.
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Heckyl Technologies Pvt. Ltd. - overview
Established
2010
Location
Mumbai, Maharashtra, India
Primary Industry
Software
About
Heckyl Technologies Pvt. Ltd. is a financial technology company specializing in providing advanced analytics solutions and real-time data for investors and traders to enhance their decision-making processes. Heckyl Technologies Pvt.
Ltd. was founded in 2010 in Mumbai, India, focusing on delivering financial information and analytics tools. The company has undergone no significant pivots in its business strategy and operates independently. Founded by Abhijit Vedak and Jaison Mathews, Heckyl has successfully raised a total of INR 176.
44 million in funding, with its most recent deal on October 18, 2017, during a Series C round led by Notion Capital, alongside Chiratae Ventures. The company has achieved a current valuation of INR 917. 32 million. Heckyl Technologies specializes in advanced financial information platforms designed to enhance decision-making for investors, traders, and researchers.
Their core offerings include a comprehensive suite of financial analytics tools, real-time news analytics, sentiment analysis, and an integrated trading and analysis platform. The Heckyl Big Data Platform serves as the backbone of their services, providing insights into historical data, current market conditions, and future trends. This platform employs state-of-the-art technology to aggregate and analyze data from over 1. 5 million sources, covering more than 35,000 companies across seven global markets, including North America, Europe, and Asia-Pacific.
The primary end users of these services include financial institutions, hedge funds, and individual traders, who utilize these tools for market surveillance, risk management, and strategy development. Heckyl Technologies reported a revenue of INR 944,422. 10 in the most recent year, 2022, with an EBITDA of INR 92,957 for the same period. The company generates revenue through a subscription-based model, providing clients access to their suite of financial analytics and trading tools.
Clients engage with the firm under various transactional structures, primarily through B2B partnerships with financial institutions and brokerage firms that integrate Heckyl's platforms into their existing systems. This includes flagship products such as the FIND news analytics tool and the advanced options and futures analytics platform. Pricing structures are tailored to the specific needs of clients, with different tiers based on the level of access and features required. Revenue is derived from both direct user subscriptions and partnerships with institutional clients, enhancing the value proposition of their service offerings in the competitive financial analytics market.
Heckyl Technologies intends to leverage its recent funding of INR 176. 44 million raised in October 2017 to expand its product offerings and enter new markets. The company is in the process of designing new analytics tools aimed at enhancing user experience and data insights, with anticipated releases slated for 2023. Geographically, Heckyl plans to extend its reach into Southeast Asian markets, targeting this expansion by the end of 2024.
This strategy aligns with their goal of enhancing their technological capabilities and broadening their market presence.
Current Investors
Seedfund, Chiratae Ventures, Notion Capital
Primary Industry
Software
Sub Industries
Data Centers, Financial Services, Internet, Accounting/Finance Software, Analytics & Performance Software, Information Services
Website
www.heckyl.com
Company Stage
Series C
Total Amount Raised
Subscriber access only
Heckyl Technologies Pvt. Ltd. - timeline of key events
Heckyl Technologies Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2012 | 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) | 221,667 | 3,536,210 | 14,477,742 | 18,404,045 | 47,657,605 | 82,303,779 | 117,480,750 | 117,569,511 | 98,042,023 | 86,911,138 | - | - | - |
| % Revenue Growth (YoY) | - | 1495.3% | 309.4% | 27.1% | 159.0% | 72.7% | 42.7% | 0.1% | (16.6%) | (11.4%) | - | - | - |
| EBITDA (USD) | (1,301,797) | (3,505,525) | (2,263,158) | (6,898,843) | (27,881,671) | (40,062,434) | (40,300,176) | 6,815,496 | (8,786,955) | (33,744,071) | - | - | - |
| Operating Income (USD) | (1,441,715) | (5,337,305) | (8,147,855) | (18,100,817) | (49,858,081) | (74,279,691) | (83,507,693) | (61,892,889) | (61,746,092) | (86,220,804) | - | - | - |
| Operating Margin | (650.4%) | (150.9%) | (56.3%) | (98.4%) | (104.6%) | (90.3%) | (71.1%) | (52.6%) | (63.0%) | (99.2%) | - | - | - |
| % EBITDA Margin | (587.3%) | (99.1%) | (15.6%) | (37.5%) | (58.5%) | (48.7%) | (34.3%) | 5.8% | (9.0%) | (38.8%) | - | - | - |
| NET Income (USD) | (865,606) | (3,914,331) | (866,666) | (2,269,552) | (49,563,747) | (73,300,572) | (82,729,215) | (62,024,901) | (61,245,796) | (127,108,567) | - | - | - |
| % Net Margin | (390.5%) | (110.7%) | (6.0%) | (12.3%) | (104.0%) | (89.1%) | (70.4%) | (52.8%) | (62.5%) | (146.3%) | - | - | - |
Heckyl Technologies Pvt. Ltd. - employee data
Heckyl Technologies Pvt. Ltd. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board Director | BM |
BM Board Member
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