About Blazeclan
Blazeclan is a company based in Pune (India) founded in 2010 by Gurmeet Singh, Varoon Rajani, and Veeraj Thaploo was acquired by ITC Infotech in April 2024.. Blazeclan has raised $1.77 million across 2 funding rounds from investors including ITC Infotech, Naman Ashokbhai Popat and Gopinath Latpate. The company has 621 employees as of July 12, 2024. Blazeclan operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
- Headquarter Pune, India
- Employees 621 as on 12 Jul, 2024
- Founders Gurmeet Singh, Varoon Rajani, Veeraj Thaploo
- Stage Minicorn
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Sectors
Business ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Blazeclan Technologies Private Limited
- Date of Incorporation 25 May, 2010
- Jurisdiction Pune City, Maharashtra, India
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Annual Revenue
$30.01 M (USD)28.24as on Mar 31, 2023
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Net Profit
$1.85 M (USD)108.42as on Mar 31, 2023
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EBITDA
$3.04 M (USD)119.05as on Mar 31, 2023
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Total Equity Funding
$1.77 M (USD)
in 2 rounds
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Latest Funding Round
$1.47 M (USD), Angel Round
Aug 01, 2020
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Investors
ITC Infotech
& 11 more
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Employee Count
621
as on Jul 12, 2024
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Acquired by
ITC Infotech
(Apr 18, 2024)
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Software Development Team
4 people
Leadership Team
3 people
Head Team
1 people
Managing Team
1 people
Cloud Team
1 people
Unlock access to complete
Funding Insights of Blazeclan
Blazeclan has successfully raised a total of $1.77M across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $1.47 million completed in August 2020. 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 2
- Last Round Angel Round — $1.5M
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First Round
First Round
(25 Aug 2016)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Angel Round - Blazeclan | Valuation | Naman Ashokbhai Popat | |
| Aug, 2016 | Amount | Angel Round - Blazeclan | Valuation | Naman Ashokbhai Popat , Priyanka Varoon Rajani |
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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 Blazeclan
Blazeclan has secured backing from 12 investors, including angel investors. Prominent investors backing the company include ITC Infotech, Naman Ashokbhai Popat and Gopinath Latpate. 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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NA
Naman Ashokbhai Popat |
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Founded Year | Domain | Location |
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GL
Gopinath Latpate |
Angel investor and tech leader, ex-Amazon, focused on Indian startups
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Founded Year | Domain | Location |
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SK
Shashwat Kumar |
Angel investor and entrepreneur, focused on tech startups, ex-Urban Company.
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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 Blazeclan
| 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 - Blazeclan
| 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 |
Blazeclan Comparisons
Competitors of Blazeclan
Blazeclan 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, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, 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 |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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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 |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
Multi-access edge networking computing platform is provided for mobile services.
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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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Latest news on Blazeclan
Frequently Asked Questions about Blazeclan
When was Blazeclan founded?
Blazeclan was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Where is Blazeclan located?
Blazeclan is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Blazeclan?
Varoon Rajani is the current CEO of Blazeclan. They have also founded this company.
Is Blazeclan a funded company?
Blazeclan is a funded company, having raised a total of $1.77M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $297.41K, raised on Aug 25, 2016.
How many employees does Blazeclan have?
As of Jul 12, 2024, the latest employee count at Blazeclan is 621.
What is the annual revenue of Blazeclan?
Annual revenue of Blazeclan is $30.01M as on Mar 31, 2023.
What does Blazeclan do?
Provider of cloud consulting, DevOps, and digital transformation services. It offers a range of services, include cloud advisory migration, application assessment, data analytics, BI modernization, SaaS Product Development, Managed IT, and Infrastructure Security.
Who are the top competitors of Blazeclan?
Blazeclan's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
Who are Blazeclan's investors?
Blazeclan has 12 investors. Key investors include ITC Infotech, Naman Ashokbhai Popat, Gopinath Latpate, Shashwat Kumar, and Priyanka Varoon Rajani.
What is Blazeclan's valuation?
The valuation of Blazeclan is $19.34M as of Aug 2020.
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