Seagrass Tech Private Limited
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.
Seagrass Tech Private Limited - overview
Location
Chennai, Tamil Nadu, India
Primary Industry
Biotechnology
About
Seagrass Tech Private Limited creates innovative technology solutions that enhance digital experiences for businesses. Their offerings include a robust content management system that supports various enterprises in improving their online presence and user engagement. Seagrass Tech Private Limited specializes in technology solutions that improve digital experiences. Founded by Monisha Basivi and Swaminathan Detchanamurthy, the company is headquartered in Chennai, India.
In December 2019, Seagrass Tech raised USD 0. 02 million in PRE SEED funding from investors Brinc and Artesian. The company has engaged in a total of 1 deal, with the latest event occurring on 2019-12-01. Seagrass Tech focuses on delivering technology solutions that improve digital experiences.
Their primary product is a content management system that is designed for flexibility and scalability, catering to businesses looking to enhance their online presence. This product supports a wide range of clients from startups to large corporations, helping them manage content efficiently and increase user engagement. The solutions are utilized across North America, Europe, and parts of Asia, where businesses are transitioning to digital operations to expand their market reach. In 2023, Seagrass Tech reported a revenue of USD 152,285.
60 and an EBITDA of USD 19,995, demonstrating the effectiveness of their subscription-based revenue model. This model allows clients to access a variety of technology solutions, with pricing tiers shaped to meet the needs of individual creators through to large corporations. Transactions are typically handled through annual or monthly subscriptions, augmented by premium add-ons, which bolster the core products. Seagrass Tech plans to launch new features within its content management system, with a focus on improving functionality and user engagement anticipated in the upcoming year.
The company aims to expand its operations into Europe and parts of Asia by 2025. The funding raised in December 2019 will be utilized to support these initiatives, facilitating product development and market entry as the company seeks to enhance its offerings and reach a broader client base.
Current Investors
Artesian, Brinc
Primary Industry
Biotechnology
Sub Industries
Biotechnology, Agribusiness
Website
www.seagrasstech.com
Verticals
Agtech
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Seagrass Tech Private Limited - timeline of key events
Seagrass Tech Private Limited - 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 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 17,500 | - | 1,059,845 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | (100.0%) | - | - | - | - |
| EBITDA (USD) | (109,476.5) | (1,650,942) | (2,063,708) | (4,429,880) | (1,984,200) | - | - | - |
| Operating Income (USD) | (109,476.5) | (1,650,942) | (2,063,708) | (4,429,880) | (1,984,200) | - | - | - |
| Operating Margin | - | - | (11792.6%) | - | (187.2%) | - | - | - |
| % EBITDA Margin | - | - | (11792.6%) | - | (187.2%) | - | - | - |
| NET Income (USD) | (109,476.5) | (1,650,942) | (3,139,222) | (5,678,677) | (3,020,623) | - | - | - |
| % Net Margin | - | - | (17938.4%) | - | (285.0%) | - | - | - |
Seagrass Tech Private Limited - 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.