UrbanMatrix - Technologies Pvt Ltd.
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UrbanMatrix - Technologies Pvt Ltd. - overview
Established
2019
Location
Bangalore, KA, India
Primary Industry
Aerospace
About
UrbanMatrix - Technologies Pvt Ltd. is an Indian company focused on delivering innovative smart city solutions and urban planning technologies to enhance urban living and improve city management. Founded in 2019 and headquartered in Bangalore, India, UrbanMatrix - Technologies Pvt Ltd. specializes in providing advanced technology solutions for urban planning.
The company has successfully completed 3 deals, with the most recent funding round occurring in October 2023, raising INR 60 mn in PRE-SERIES A funding led by Inflection Point Ventures. The co-founders, Ajay Karthik, Divyanshu Pundir, and Rishabh Verma, have a history of innovation and leadership within the tech industry, with Rishabh Verma serving as the current CEO. UrbanMatrix specializes in innovative solutions aimed at enhancing urban living through its core product offerings, which include smart city technologies, urban planning software, and real-time data analytics platforms. These products streamline city management and improve infrastructure efficiency, directly addressing challenges such as traffic congestion, waste management, and resource allocation.
UrbanMatrix’s services cater to municipal governments, urban developers, and public sector agencies, facilitating effective decision-making processes across diverse global regions, including North America, Europe, and parts of Asia. In the most recent fiscal year 2024, UrbanMatrix generated revenue amounting to INR 1,839,525. 70 and reported an EBITDA of INR -385,015. 30.
The company's revenue model includes subscription services, partnerships with governmental agencies, and direct sales of its software solutions, emphasizing long-term client relationships and ongoing support. In October 2023, UrbanMatrix - Technologies Pvt Ltd. raised INR 60 mn in funding to further develop and enhance its product offerings, hire additional staff, and expand into new markets. The company plans to launch several new products aimed at improving urban infrastructure efficiency and is targeting expansion into North American and European markets by the end of 2024.
Current Investors
Sara Elgi Group, LVX, Inflection Point Ventures
Primary Industry
Aerospace
Sub Industries
Aerospace, Systems Management Software
Website
www.urbanmatrix.co.in
Verticals
Artificial Intelligence, Manufacturing, Robotics
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
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