iSTAR Skill Development Pvt Ltd
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iSTAR Skill Development Pvt Ltd - overview
Established
2009
Location
-, DE-Delaware, US
Primary Industry
Software
About
iSTAR Skill Development Pvt Ltd, through its platform Salesken. ai, enhances sales productivity with AI-driven insights and comprehensive analytics tailored for sales teams and organizations across various industries. iSTAR Skill Development Pvt Ltd specializes in AI-powered sales solutions. Founded in 2009 in Lewes, US, the company raised INR 1.
67 billion in Series C funding in December 2021, with participation from investors including M12, Gaingels, and Sequoia Capital. Sreeraman Vaidyanathan is the founder who has a history of developing innovative tech solutions. The company's valuation post-funding stands at INR 7. 19 billion.
Salesken. ai enhances sales efficiency through its AI-powered platform that offers real-time insights, automated call reviews, and analytics tailored for sales teams. The platform is designed to assist sales managers and representatives by providing AI-driven coaching and performance evaluation, serving over 200 businesses globally across North America, Europe, and Asia. For the fiscal year 2021, iSTAR Skill Development Pvt Ltd reported a revenue of INR 254.
14 million. The company operates a subscription-based revenue model, catering primarily to B2B clients with various pricing tiers to suit different organizational needs. iSTAR Skill Development Pvt Ltd plans to utilize the INR 1. 67 billion raised in Series C funding to accelerate its expansion into the North American market and enhance its proprietary deep tech products.
The company aims to launch new offerings designed for sales teams, with specific timelines for rollout yet to be announced.
Current Investors
Sequoia, Singularity AMC, Innoven Private Equity
Primary Industry
Software
Sub Industries
Analytics & Performance Software
Website
www.salesken.ai
Verticals
Artificial Intelligence
Total Amount Raised
Subscriber access only
iSTAR Skill Development Pvt Ltd - timeline of key events
iSTAR Skill Development 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 2,291,050 | 6,359,559 | 12,608,884 | 36,618,669 | 54,995,870 | 60,208,272 | - | - | - |
| % Revenue Growth (YoY) | - | - | 177.6% | 98.3% | 190.4% | 50.2% | 9.5% | - | - | - |
| EBITDA (USD) | - | (2,722,141) | (4,212,397) | 1,245,630 | (8,211,824) | 2,805,581 | 493 | - | - | - |
| Operating Income (USD) | - | (2,817,892) | (4,320,824) | 1,082,019 | (8,844,311) | 578,005 | (4,546,470) | - | - | - |
| Operating Margin | - | (123.0%) | (67.9%) | 8.6% | (24.2%) | 1.1% | (7.6%) | - | - | - |
| % EBITDA Margin | - | (118.8%) | (66.2%) | 9.9% | (22.4%) | 5.1% | 0.0% | - | - | - |
| NET Income (USD) | (5,372,815) | (2,928,928) | (4,769,371) | 673,970 | (7,768,776) | 322,391 | (4,670,570) | - | - | - |
| % Net Margin | - | (127.8%) | (75.0%) | 5.3% | (21.2%) | 0.6% | (7.8%) | - | - | - |
iSTAR Skill Development Pvt Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series C | Completed | iSTAR Skill Development Pvt Ltd | - | ||||||||
| Series A | Completed | iSTAR Skill Development Pvt Ltd | - | ||||||||
| Unspecified Exit | Completed | iSTAR Skill Development Pvt Ltd | - | ||||||||
| Series A | Completed | iSTAR Skill Development Pvt Ltd | - | ||||||||
| Series A | Completed | iSTAR Skill Development Pvt Ltd | - |
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iSTAR Skill Development Pvt Ltd - employee data
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