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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People of Adda
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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 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.
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.
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Development financing is extended to African projects across sectors.
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Zaheer Rattonsey |
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Investor details for Adda
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Investments & Acquisitions by Adda
Investment portfolio details for Adda
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Financial Statements - Adda
Detailed financials for Adda
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Adda Comparisons
Peer comparison for Adda
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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.
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End-to-end energy management solutions are provided for utilities worldwide.
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Energy efficiency and smart grid management solutions
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Smart grid communication solutions are provided for utilities by Tantalus.
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Cloud-based invoicing and billing solution for businesses
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AI-based software for medical coding and PHI de-identification is provided.
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Developer of electricity transmission based utility projects
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Detailed competitors of Adda
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Latest news on Adda
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Frequently Asked Questions about Adda
Adda was founded in 2008.
Adda is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
San Banerjee is the current CEO of Adda. They have also founded this company.
Adda is a funded company, having raised a total of $644.38K across 4 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Adda is 84.
Annual revenue of Adda is $1.29M as on Mar 31, 2023.
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.
Adda's top competitors include Landis+Gyr, Arcadia and PowerSecure.
Adda has 14 investors. Key investors include African Development Bank Group, Zaheer Rattonsey, Bhupen Shah, Raghu Tarra, and Sharad Sharma.
The valuation of Adda is $4.47M as of Jun 2016.