About AVASOFT
AVASOFT is a company based in Blue Bell (United States) founded in 2009 by Radhakrishnan Rav.. AVASOFT has raised $274.05 thousand across 1 funding round from investors including Prathiba Padmanabhan and Vivek Dhamodharan. AVASOFT offers products and services including AVAMIGRATRON and Microsoft Copilot Setup. AVASOFT operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Blue Bell, United States
- Founders Radhakrishnan Rav
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Ava Software Private Limited
- Date of Incorporation 24 Mar, 2009
- Jurisdiction Kancheepuram, Tamil Nadu, India
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Annual Revenue
$9.09 M (USD)267.31as on Mar 31, 2023
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Net Profit
$1.17 M (USD)352.82as on Mar 31, 2023
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EBITDA
$1.74 M (USD)271.6as on Mar 31, 2023
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Total Equity Funding
$274.05 K (USD)
in 1 rounds
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Latest Funding Round
$274.05 K (USD), Angel Round
Feb 06, 2021
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Investors
& 1 more
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Employee Count
Employee Count
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Products & Services of AVASOFT
AVASOFT offers a comprehensive portfolio of products and services, including AVAMIGRATRON and Microsoft Copilot Setup. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates data migration to Microsoft platforms for seamless transitions.
Facilitates AI adoption for productivity and efficiency in enterprises.
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Software Development Team
18 people
Sales and Marketing
13 people
Data Analysis and Operations Team
9 people
Integration Team
4 people
Trainee Team
3 people
Human Resources and Administration
3 people
Leadership Team
2 people
Cloud Team
2 people
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Funding Insights of AVASOFT
AVASOFT has successfully raised a total of $274.05K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $274.05 thousand completed in February 2021. 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 1
- Last Round Angel Round — $274,054
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First Round
First Round
(06 Feb 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Angel Round - AVASOFT | Valuation | Prathiba Padmanabhan , Vivek Dhamodharan |
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| 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 AVASOFT
AVASOFT has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Prathiba Padmanabhan and Vivek Dhamodharan. 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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PP
Prathiba Padmanabhan |
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Founded Year | Domain | Location |
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VD
Vivek Dhamodharan |
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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 AVASOFT
| 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 - AVASOFT
| 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 |
Avasoft Comparisons
Competitors of AVASOFT
AVASOFT 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 UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, 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 |
High-quality office furniture is provided by UST for various needs.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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AI, cloud, and blockchain services are provided globally.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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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 Avasoft
Frequently Asked Questions about AVASOFT
When was AVASOFT founded?
AVASOFT was founded in 2009 and raised its 1st funding round 12 years after it was founded.
Where is AVASOFT located?
AVASOFT is headquartered in Blue Bell, United States. It is registered at Blue Bell, Pennsylvania, United States.
Is AVASOFT a funded company?
AVASOFT is a funded company, having raised a total of $274.05K across 1 funding round to date. The company's 1st funding round was a Angel Round of $274.05K, raised on Feb 06, 2021.
What is the annual revenue of AVASOFT?
Annual revenue of AVASOFT is $9.09M as on Mar 31, 2023.
What does AVASOFT do?
AVASOFT was established in 2009 in Blue Bell, United States, within the information technology sector. A range of IT suite solutions is offered, including artificial intelligence development, data analytics, managed IT services, cloud security, cybersecurity measures, identity and access management, and mobile application development. Licensing and security adoption for Microsoft solutions are supported, alongside guidance for security enhancements.
Who are the top competitors of AVASOFT?
AVASOFT's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
What products or services does AVASOFT offer?
AVASOFT offers AVAMIGRATRON and Microsoft Copilot Setup.
Who are AVASOFT's investors?
AVASOFT has 2 investors. Key investors include Prathiba Padmanabhan, and Vivek Dhamodharan.
What is AVASOFT's valuation?
The valuation of AVASOFT is $563.03K as of Feb 2021.