About Buzzworks
Buzzworks is a company based in Chennai (India) founded in 1999 by Prakash R R and V C Karthic.. Buzzworks has raised $1.57 million across 3 funding rounds from investors including Ashish Nanda, Ashish Nanda and V C Karthic. The company has 9,237 employees as of April 06, 2024. Buzzworks offers products and services including Contract Staffing, IT Staffing, Flexydial, and HOPPR HRMS. Buzzworks operates in a competitive market with competitors including Randstad, ADP, Insperity, Alera Group and UKG, among others.
- Headquarter Chennai, India
- Employees 9237 as on 06 Apr, 2024
- Founders Prakash R R, V C Karthic
- Stage Minicorn
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Sectors
Business Services
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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 Buzzworks Business Services Private Limited
- Date of Incorporation 30 Mar, 2006
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$57.25 M (USD)43.19as on Mar 31, 2022
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Net Profit
$230.44 K (USD)13.64as on Mar 31, 2022
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EBITDA
$473.55 K (USD)27.85as on Mar 31, 2022
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Total Equity Funding
$1.57 M (USD)
in 3 rounds
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Latest Funding Round
$766.16 K (USD), Angel Round
Apr 16, 2018
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Investors
& 3 more
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Employee Count
9237
as on Apr 06, 2024
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Products & Services of Buzzworks
Buzzworks offers a comprehensive portfolio of products and services, including Contract Staffing, IT Staffing, Flexydial, and HOPPR HRMS. 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.
Offers temporary workforce solutions for various industries.
Provides skilled IT professionals for business needs.
Dialer system for recruitment and communication tasks.
HR management platform for payroll and operations.
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Funding Insights of Buzzworks
Buzzworks has successfully raised a total of $1.57M across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $766.16 thousand completed in April 2018. 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 Angel Round — $766,155
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First Round
First Round
(21 Sep 2010)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Angel Round - Buzzworks | Valuation | Ashish Nanda , Ashish Nanda |
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| Feb, 2016 | Amount | Angel Round - Buzzworks | Valuation | Ashish Nanda , Ashish Nanda | |
| Sep, 2010 | Amount | Angel Round - Buzzworks | Valuation | Ashish Nanda , Ashish Nanda |
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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 Buzzworks
Buzzworks has secured backing from 4 investors, including angel investors. Prominent investors backing the company include Ashish Nanda, Ashish Nanda and V C Karthic. 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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AN
Ashish Nanda |
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Founded Year | Domain | Location |
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AN
Ashish Nanda |
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Founded Year | Domain | Location |
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VC
V C Karthic |
Founder of Buzzworks, active angel investor in Indian startups
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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 Buzzworks
| 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 - Buzzworks
| 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 |
Buzzworks Comparisons
Competitors of Buzzworks
Buzzworks 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 Randstad, ADP, Insperity, Alera Group and UKG, 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 |
HR consulting, recruitment, and outsourcing services are offered worldwide.
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| domain | founded_year | HQ Location |
Cloud-based HR management solutions are offered for payroll and compliance.
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| domain | founded_year | HQ Location |
HR outsourcing services are provided to businesses by Insperity.
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| domain | founded_year | HQ Location |
HR, insurance, and liability services are provided by Alera Group.
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| domain | founded_year | HQ Location |
Provider of HR and payroll & workforce management solutions
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| domain | founded_year | HQ Location |
HR management, recruitment, and staffing services are provided.
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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 Buzzworks
Frequently Asked Questions about Buzzworks
When was Buzzworks founded?
Buzzworks was founded in 1999 and raised its 1st funding round 11 years after it was founded.
Where is Buzzworks located?
Buzzworks is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Buzzworks?
V C Karthic is the current CEO of Buzzworks. They have also founded this company.
Is Buzzworks a funded company?
Buzzworks is a funded company, having raised a total of $1.57M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $656.89K, raised on Sep 21, 2010.
How many employees does Buzzworks have?
As of Apr 06, 2024, the latest employee count at Buzzworks is 9,237.
What is the annual revenue of Buzzworks?
Annual revenue of Buzzworks is $57.25M as on Mar 31, 2022.
What does Buzzworks do?
Buzzworks was founded in 1999 and is headquartered in Chennai, India. Recruitment services are offered by the company, focusing on talent acquisition across various sectors. Operations are managed by co-founders Prakash R R as Business Head and V C Karthic as CEO. The firm supports hiring needs for businesses in the region through established processes and local expertise.
Who are the top competitors of Buzzworks?
Buzzworks's top competitors include Randstad, CIEL HR and Alera Group.
What products or services does Buzzworks offer?
Buzzworks offers Contract Staffing, IT Staffing, Flexydial, and HOPPR HRMS.
Who are Buzzworks's investors?
Buzzworks has 4 investors. Key investors include Ashish Nanda, Ashish Nanda, V C Karthic, and R R Prakash.
What is Buzzworks's valuation?
The valuation of Buzzworks is $16.36M as of Apr 2018.