PipeCandy Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
PipeCandy Inc. - overview
Established
2016
Location
Walnut, CA-California, US
Primary Industry
Software
About
PipeCandy Inc. is a digital services provider focused on enhancing online visibility for businesses through website hosting, domain registration, and digital marketing solutions. Founded in 2016 in Chennai, India, PipeCandy Inc. specializes in digital services aimed at improving businesses' online presence.
The company has undergone strategic iterations but has remained focused on its core offerings. The founders, Murali Vivekanandan and Sujay Seetharaman, have previous entrepreneurial experience. PipeCandy has raised a total of INR 73. 000 mn through Seed funding, with Axilor Ventures, Chiratae Ventures, Emergent Ventures, and Indian Angel Network as its investors.
The latest funding round occurred on February 25, 2022. PipeCandy Inc. offers a comprehensive suite of digital services designed to enhance online presence for businesses across various sectors. Their core offerings include website hosting, domain registration, website building tools, and digital marketing solutions.
These services address challenges like establishing a reliable online identity and improving visibility among target audiences. Clients range from small to medium-sized enterprises (SMEs) to established corporations, with operations across North America, Europe, and parts of Asia. In 2023, PipeCandy Inc. generated revenue of INR 2,704,401.
90, with an EBITDA of INR 370,818. 60. The company employs a combination of subscription-based models and one-time service fees, enabling a steady revenue stream through annual plans and premium features. PipeCandy Inc.
is strategizing to enhance its offerings with new products expected to launch in the coming year, aiming to further refine their service suite. The company also plans to expand its operations into additional regions, specifically targeting markets in Europe and Southeast Asia by the end of 2024. The recent Seed funding round will support these initiatives, enabling PipeCandy to invest in product development and market expansion efforts.
Primary Industry
Software
Sub Industries
eMarketing/Digital Marketing, Analytics & Performance Software, Sales & Marketing Software
Website
http://www.pipecandy.com
Verticals
Big Data, Big Data, Big Data, Big Data, Big Data
Company Stage
Acquired
Total Amount Raised
Subscriber access only
PipeCandy Inc. - timeline of key events
PipeCandy Inc. - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 14,815,703 | 37,146,774 | 24,765,223 | 26,106,589 | - | - | - |
| % Revenue Growth (YoY) | - | 150.7% | (33.3%) | 5.4% | - | - | - |
| EBITDA (USD) | 1,932,484 | 2,751,613 | 1,834,461 | 1,933,821 | - | - | - |
| Operating Income (USD) | 1,851,857 | 2,205,849 | 1,186,688 | 1,346,083 | - | - | - |
| Operating Margin | 12.5% | 5.9% | 4.8% | 5.2% | - | - | - |
| % EBITDA Margin | 13.0% | 7.4% | 7.4% | 7.4% | - | - | - |
| NET Income (USD) | 1,352,099 | 1,233,943 | 729,878 | 825,197 | - | - | - |
| % Net Margin | 9.1% | 3.3% | 2.9% | 3.2% | - | - | - |
PipeCandy Inc. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | PipeCandy Inc. | - | ||||||||
| Seed | Completed | PipeCandy Inc. | - | ||||||||
| Seed | Completed | PipeCandy Inc. | - |
Displaying 1 - 3 of 3
PipeCandy Inc. - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.