About AssureEdge
AssureEdge is a company based in Mumbai (India) founded in 1989 by Bhupesh Tambe was acquired by EbixCash in November 2020.. AssureEdge has raised $1.37 million across 3 funding rounds from investors including EbixCash, Synthesis Equity Research Foundation and M A Murugappan. The company has 961 employees as of April 09, 2024. AssureEdge operates in a competitive market with competitors including Genpact, Datamatics, Quess, Sutherland and TaskUs, among others.
- Headquarter Mumbai, India
- Employees 961 as on 09 Apr, 2024
- Founders Bhupesh Tambe
- Stage Minicorn
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ebixcash Global Services Private Limited
- Date of Incorporation 08 Feb, 1989
- Jurisdiction Noida, Uttar Pradesh, India
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Annual Revenue
$17.37 M (USD)83.09as on Mar 31, 2023
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Net Profit
$1.84 M (USD)29.92as on Mar 31, 2023
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EBITDA
$6.31 M (USD)97.27as on Mar 31, 2023
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Total Equity Funding
$1.37 M (USD)
in 3 rounds
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Latest Funding Round
$203.3 K (USD), Unspecified
May 16, 2009
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Investors
EbixCash
& 3 more
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Employee Count
961
as on Apr 09, 2024
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Acquired by
EbixCash
(Nov 23, 2020)
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Funding Insights of AssureEdge
AssureEdge has successfully raised a total of $1.37M across 3 strategic funding rounds. The most recent funding activity was a Unspecified round of $203.3 thousand completed in May 2009. 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 3
- Last Round Unspecified — $203,300
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First Round
First Round
(11 Oct 2006)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2009 | Amount | Unspecified - AssureEdge | Valuation |
investors |
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| Oct, 2007 | Amount | Unspecified - AssureEdge | Valuation |
investors |
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| Oct, 2006 | Amount | Unspecified - AssureEdge | Valuation |
investors |
| 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 AssureEdge
AssureEdge has secured backing from 4 investors, including institutional and angel investors. Prominent investors backing the company include EbixCash, Synthesis Equity Research Foundation and M A Murugappan. 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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Founded Year | Domain | Location | |
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SS
Shyam Sunder |
Co-founder of Peak XV Partners, prominent Indian angel investor
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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 AssureEdge
| 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 - AssureEdge
| 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 |
Assureedge Comparisons
Competitors of AssureEdge
AssureEdge 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 Genpact, Datamatics, Quess, Sutherland and TaskUs, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud-based text analytics and cognitive automation services are provided.
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| domain | founded_year | HQ Location |
Provider of outsourcing and business services
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| domain | founded_year | HQ Location |
Business process and technology management services are provided globally.
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| domain | founded_year | HQ Location |
Provider of customer care and back office support services for multiple sectors
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| domain | founded_year | HQ Location |
Electricity generation and distribution are provided in eastern India.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about AssureEdge
When was AssureEdge founded?
AssureEdge was founded in 1989 and raised its 1st funding round 17 years after it was founded.
Where is AssureEdge located?
AssureEdge is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is AssureEdge a funded company?
AssureEdge is a funded company, having raised a total of $1.37M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $231.5K, raised on Oct 11, 2006.
How many employees does AssureEdge have?
As of Apr 09, 2024, the latest employee count at AssureEdge is 961.
What is the annual revenue of AssureEdge?
Annual revenue of AssureEdge is $17.37M as on Mar 31, 2023.
What does AssureEdge do?
AssureEdge was founded in 1989 by Bhupesh Tambe and is headquartered in Mumbai, India. Business process outsourcing services are delivered by the company, focusing on operational support across various sectors. Activities include process management and client-specific solutions, with operations centered in the Indian market but extending to international clients. The firm maintains a structure led by its founder as managing director.
Who are the top competitors of AssureEdge?
AssureEdge's top competitors include Quess, Datamatics and TaskUs.
Who are AssureEdge's investors?
AssureEdge has 4 investors. Key investors include EbixCash, Synthesis Equity Research Foundation, M A Murugappan, and Shyam Sunder.
What is AssureEdge's valuation?
The valuation of AssureEdge is $3.04M as of May 2009.