About Adda
Adda is a company based in Bengaluru (India) founded in 2008 by Venkat Kandaswamy, Aashika Sripathi, and San Banerjee.. Adda has raised $644.38 thousand across 4 funding rounds from investors including African Development Bank Group, Zaheer Rattonsey and Bhupen Shah. The company has 84 employees as of April 05, 2024. Adda operates in a competitive market with competitors including Landis+Gyr, PowerSecure, Tantalus, Amberflo and Fathom, among others.
- Headquarter Bengaluru, India
- Employees 84 as on 05 Apr, 2024
- Founders Venkat Kandaswamy, Aashika Sripathi, San Banerjee
- Stage Minicorn
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Sectors
Real Estate & ConstructionBusiness Services Energy & Utilities Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name 3Five8 Technologies Private Limited
- Date of Incorporation 01 Jul, 2009
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.29 M (USD)12.79as on Mar 31, 2023
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Net Profit
$1.37 K (USD)-99.19as on Mar 31, 2023
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EBITDA
$101.25 K (USD)-56.83as on Mar 31, 2023
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Total Equity Funding
$644.38 K (USD)
in 4 rounds
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Latest Funding Round
$22.38 K (USD), Angel Round
Jun 22, 2016
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Investors
African Development Bank Group
& 13 more
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Employee Count
84
as on Apr 05, 2024
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Funding Insights of Adda
Adda has successfully raised a total of $644.38K across 4 strategic funding rounds. The most recent funding activity was a Angel Round round of $22.38 thousand completed in June 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Angel Round — $22,381
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First Round
First Round
(30 Sep 2008)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Angel Round - Adda | Valuation | Kiran Chatrabhuj Sampat |
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| Aug, 2015 | Amount | Seed - Adda | Valuation | Zaheer Rattonsey | |
| Nov, 2013 | Amount | Angel Round - Adda | Valuation | Bhupen Shah , Raghu Tarra |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Adda
Adda has secured backing from 14 investors, including angel and institutional investors. Prominent investors backing the company include African Development Bank Group, Zaheer Rattonsey and Bhupen Shah. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Development financing is extended to African projects across sectors.
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Founded Year | Domain | Location | |
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ZR
Zaheer Rattonsey |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Adda
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Adda
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Adda Comparisons
Competitors of Adda
Adda operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Landis+Gyr, PowerSecure, Tantalus, Amberflo and Fathom, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Energy efficiency and smart grid management solutions
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| domain | founded_year | HQ Location |
Smart grid communication solutions are provided for utilities by Tantalus.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and billing solution for businesses
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| domain | founded_year | HQ Location |
AI-based software for medical coding and PHI de-identification is provided.
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| domain | founded_year | HQ Location |
Developer of electricity transmission based utility projects
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Adda
Frequently Asked Questions about Adda
When was Adda founded?
Adda was founded in 2008.
Where is Adda located?
Adda is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Adda?
San Banerjee is the current CEO of Adda. They have also founded this company.
Is Adda a funded company?
Adda is a funded company, having raised a total of $644.38K across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $392.49K, raised on Sep 30, 2008.
How many employees does Adda have?
As of Apr 05, 2024, the latest employee count at Adda is 84.
What is the annual revenue of Adda?
Annual revenue of Adda is $1.29M as on Mar 31, 2023.
What does Adda do?
ADDA was founded in 2008 and is headquartered in Bengaluru, India. Software as a service solutions are offered by the company for managing residential communities, including apartments, villas, smart cities, and townships. Key functionalities include a private social network, multi-property oversight, visitor management, bill payments, and emergency assistance. Operations focus on the real estate technology sector, serving urban housing needs across India.
Who are the top competitors of Adda?
Adda's top competitors include Landis+Gyr, Arcadia and PowerSecure.
Who are Adda's investors?
Adda has 14 investors. Key investors include African Development Bank Group, Zaheer Rattonsey, Bhupen Shah, Raghu Tarra, and Sharad Sharma.
What is Adda's valuation?
The valuation of Adda is $4.47M as of Jun 2016.