SMIT Digital Marketing
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SMIT Digital Marketing - overview
Established
2011
Location
Ahmedabad, IN-GJ-Gujarat, India
Primary Industry
Software
About
SMIT Digital Marketing is a comprehensive digital marketing firm focused on enhancing the online presence of small and mid-sized businesses through tailored marketing strategies and services. SMIT Digital Marketing provides a range of digital marketing solutions to businesses across various sectors. Founded in Ahmedabad, India, the company has evolved to serve clients in hospitality, retail, and healthcare. The founder has a background in entrepreneurship, having previously established other ventures.
The firm currently operates primarily in North America, Europe, and Asia, expanding its reach to serve a global clientele. SMIT Digital Marketing Services operates as a full-service digital marketing back-office catering primarily to small and mid-sized businesses across various sectors, including hospitality, retail, healthcare, and automotive. The company offers a comprehensive suite of digital marketing services, encompassing search optimization and marketing, social media management, content creation, video production, and performance marketing. With over 12 years of industry experience, SMIT has successfully established its expertise across more than 23 industries, serving clients worldwide, including branding and marketing agencies, e-commerce platforms, and event management firms.
Their core services aim to empower businesses by enhancing their online presence and optimizing marketing strategies to drive sales and engagement. SMIT operates in international markets including North America, Europe, and Asia, ensuring a broad reach and diverse clientele. In 2023, SMIT Digital Marketing reported a revenue of USD 37,793. 40 and an EBITDA of USD 12,588.
50. The revenue structure is based on service fees for various offerings, including performance-based pricing models, project-based fees, and retained agreements, enabling a steady income stream from long-term client partnerships. SMIT Digital Marketing plans to introduce new digital marketing tools and services in the upcoming quarters to enhance their offerings further. The company aims to expand into emerging markets in Southeast Asia by the end of 2024.
Recent funding will be utilized to support these development initiatives and geographic expansion, ensuring that SMIT remains competitive in the evolving digital marketing landscape.
Primary Industry
Software
Sub Industries
Sales & Marketing Software
Website
www.smitdigitalmarketing.com
Verticals
AdTech
Total Amount Raised
Subscriber access only
SMIT Digital Marketing - timeline of key events
SMIT Digital Marketing - 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) | 1,143,046 | 1,120,230 | 3,545,591 | 3,522,019 | 303,791 | - | - | - | 820,540 | - | - | - |
| % Revenue Growth (YoY) | - | (2.0%) | 216.5% | (0.7%) | (91.4%) | (100.0%) | - | - | - | - | - | - |
| EBITDA (USD) | (3,784,105) | (1,472,288) | 673,659 | 989,603 | (253,677) | (7,000) | - | 2,749,999 | 635,136.2 | - | - | - |
| Operating Income (USD) | (4,134,025) | (1,801,129) | 243,234 | 559,178 | (278,130) | (19,867) | (7,631) | 2,740,286 | 633,081.2 | - | - | - |
| Operating Margin | (361.7%) | (160.8%) | 6.9% | 15.9% | (91.6%) | - | - | - | 77.2% | - | - | - |
| % EBITDA Margin | (331.1%) | (131.4%) | 19.0% | 28.1% | (83.5%) | - | - | - | 77.4% | - | - | - |
| NET Income (USD) | (4,338,239) | (2,242,031) | 115,048 | 115,048 | (314,810) | (19,867) | (7,631) | 2,740,286 | 630,125 | - | - | - |
| % Net Margin | (379.5%) | (200.1%) | 3.2% | 3.3% | (103.6%) | - | - | - | 76.8% | - | - | - |
SMIT Digital Marketing - 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 B | Completed | iBoxPay | - |
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SMIT Digital Marketing - employee data
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