Iqlect Software Solutions Pvt. Ltd.
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Iqlect Software Solutions Pvt. Ltd. - overview
Established
2015
Location
Bangalore, Karnataka, India
Primary Industry
Software
About
Iqlect Software Solutions Pvt. Ltd. offers advanced analytics and real-time data processing solutions to improve business efficiency across various sectors, including finance, retail, and telecommunications. Founded in 2015 and headquartered in Bangalore, India, Iqlect Software Solutions Pvt.
Ltd. specializes in data analytics solutions. The company has completed 6 deals, with its most recent funding round occurring on December 27, 2021, when it raised INR 117. 250 mn from investors including Exfinity Venture Partners and Ventureast.
The firm has a current valuation of INR 716. 838 mn. The founder, Sachin Sinha, who also serves as CEO, has a background in technology entrepreneurship. Iqlect specializes in advanced analytics and real-time data processing solutions aimed at enhancing operational efficiency for businesses across various sectors.
Their flagship product is a comprehensive analytics platform that enables organizations to capture, analyze, and visualize large volumes of data in real-time, facilitating informed decision-making and operational insights. This platform serves a diverse client base, including enterprises in finance, retail, and telecommunications. Iqlect's solutions address specific end-use cases such as fraud detection, customer behavior analysis, and supply chain optimization across global markets including North America, Europe, and Asia. In 2023, Iqlect generated revenue of INR 106,710.
1 mn. The company's revenue primarily comes from a subscription-based model with tiered pricing plans, allowing clients access to the analytics platform alongside ongoing support and updates. This model fosters long-term partnerships with both small to medium-sized enterprises and larger corporations, ensuring continuous engagement and value delivery. Following its most recent deal in December 2021, Iqlect Software Solutions Pvt.
Ltd. plans to leverage funding to enhance research and product development, as well as to expand its user base. The company aims to establish new sales channels to attract high-profile enterprise accounts. Specific plans for product launches and geographic expansion have not been detailed, but the focus is on increasing their market presence and operational capabilities.
Current Investors
A&E Investment, Ventureast, Exfinity Venture Partners
Primary Industry
Software
Sub Industries
Systems Management Software, Content Management Software, Analytics & Performance Software
Website
www.iqlect.com
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Iqlect Software Solutions Pvt. Ltd. - timeline of key events
Iqlect Software 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) | 2,000,000 | 2,822,090 | 5,763,456 | - | 577,942 | 6,001,811 | 13,403,521 | 9,191,046 | 186,020 | - | - | - |
| % Revenue Growth (YoY) | - | 41.1% | 104.2% | (100.0%) | - | 938.5% | 123.3% | (31.4%) | (98.0%) | - | - | - |
| EBITDA (USD) | 542,019 | 457,304 | 1,645,247 | (27,240,831) | (70,808,089) | (47,457,847) | (31,792,647) | (45,461,606) | (26,893,695) | - | - | - |
| Operating Income (USD) | 542,019 | 422,273 | 1,572,506 | (28,181,598) | (72,783,385) | (48,798,172) | (34,692,149) | (47,231,046) | (28,057,471) | - | - | - |
| Operating Margin | 27.1% | 15.0% | 27.3% | - | (12593.5%) | (813.1%) | (258.8%) | (513.9%) | (15083.0%) | - | - | - |
| % EBITDA Margin | 27.1% | 16.2% | 28.5% | - | (12251.8%) | (790.7%) | (237.2%) | (494.6%) | (14457.4%) | - | - | - |
| NET Income (USD) | 374,535 | 285,209 | 1,052,475 | (28,239,056) | (72,602,914) | (48,616,809) | (34,434,167) | (47,158,919) | (28,056,637) | - | - | - |
| % Net Margin | 18.7% | 10.1% | 18.3% | - | (12562.3%) | (810.0%) | (256.9%) | (513.1%) | (15082.6%) | - | - | - |
Iqlect Software Solutions Pvt. Ltd. - employee data
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