Sparkyo Technology Pvt. Ltd.
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Sparkyo Technology Pvt. Ltd. - overview
Established
2016
Location
Bangalore, IN-KA-Karnataka, India
Primary Industry
Software
About
Sparkyo Technology Pvt. Ltd. is a provider of Real Time Locating System (RTLS) solutions aimed at enhancing operational efficiency and safety across multiple sectors. Founded in 2016, Sparkyo Technology Pvt.
Ltd. , based in Bangalore, India, focuses on developing and implementing RTLS technology. The company was established by Aman Aggarwal, Arjun Nagarajan, and Saurabh Sharma, with Arjun Nagarajan currently serving as CEO. Sparkyo has successfully completed 2 funding deals, including a Series A round in August 2021, raising USD 1.
000 mn from investors including Oil and Natural Gas Corporation and IP Ventures. The total amount raised by the company stands at USD 1. 000 mn. Syook specializes in Real Time Locating System (RTLS) solutions designed to enhance operational efficiency, safety, and compliance across various industries.
Their core offerings include people management, asset management, and the Truck-in Truck-out ™ solution, all of which are accessible through a user-friendly digital dashboard that allows for real-time tracking and monitoring. The people management solution enables organizations to track personnel movements within facilities or geofenced areas, while the asset management solution provides visibility and management of assets, significantly reducing the time spent locating them. The Truck-in Truck-out ™ solution focuses on monitoring the movement of trucks within designated locations. These solutions have been successfully implemented by Fortune 500 companies and serve a diverse client base across manufacturing, healthcare, retail, oil and gas, and logistics sectors.
Syook's products are deployed globally, reaching markets in North America, Europe, and Asia, showcasing its commitment to providing innovative tracking solutions worldwide. In the most recent fiscal year of 2023, Syook reported a revenue of USD 578,940 and an EBITDA of USD -288,188. 6. The company operates under a revenue model that combines subscription services and partnerships tailored to the needs of its enterprise clients.
Businesses engage with Syook through B2B transactions, typically subscribing to their RTLS solutions to improve operational efficiencies. The pricing structure reflects the comprehensive nature of their offerings, with potential tiers based on the scale of deployment and the specific solutions chosen by clients. Following the Series A funding round in August 2021, Sparkyo Technology Pvt. Ltd.
intends to use the USD 1. 000 mn raised to pursue growth in international markets and to enhance its engineering team. The company is focused on expanding its RTLS solutions into new geographic regions and aims to introduce new products designed to meet the evolving needs of its clients, although specific details on upcoming products or targeted release dates have not been disclosed. Sparkyo's growth strategy includes enhancing its presence in North America, Europe, and Asia.
Current Investors
Inflection Point Ventures, Oil and Natural Gas Corporation
Primary Industry
Software
Sub Industries
Systems Management Software, Logistics Software
Website
www.syook.com
Verticals
IoT (Internet of Things)
Company Stage
Series A
Total Amount Raised
Subscriber access only
Sparkyo Technology Pvt. Ltd. - timeline of key events
Sparkyo Technology Pvt. Ltd. - financials
| Fiscal Year Ended | 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 | Mar 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 222,588.7 | 3,794,280.4 | 6,177,923.2 | 8,634,006.7 | 10,373,765 | 34,964,690 | - | - | - |
| % Revenue Growth (YoY) | - | - | 1604.6% | 62.8% | 39.8% | 20.2% | 237.0% | - | - | - |
| EBITDA (USD) | (75,000) | (921,773.1) | (191,806.2) | (3,598,038) | (7,775,662.7) | (14,792,613) | (11,310,110) | - | - | - |
| Operating Income (USD) | (75,000) | (954,267.1) | (399,186.2) | (4,431,847) | (9,131,002.9) | (16,897,321) | (18,862,420) | - | - | - |
| Operating Margin | - | (428.7%) | (10.5%) | (71.7%) | (105.8%) | (162.9%) | (53.9%) | - | - | - |
| % EBITDA Margin | - | (414.1%) | (5.1%) | (58.2%) | (90.1%) | (142.6%) | (32.3%) | - | - | - |
| NET Income (USD) | - | (965,209.9) | (285,604.3) | (4,348,887.7) | (8,954,668.2) | (17,626,919) | (18,247,090) | - | - | - |
| % Net Margin | - | (433.6%) | (7.5%) | (70.4%) | (103.7%) | (169.9%) | (52.2%) | - | - | - |
Sparkyo Technology 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 A | Completed | Sparkyo Technology Pvt. Ltd. | - | ||||||||
| Unspecified Round | Completed | Sparkyo Technology Pvt. Ltd. | - |
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Sparkyo Technology Pvt. Ltd. - employee data
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