About Candela Labs
Candela Labs is a company based in Bengaluru (India) founded in 1996 by Cyrus Shavak Patel was acquired by Sapiens in April 2025.. Candela Labs has raised $97.33 thousand across 3 funding rounds from investors including Sapiens, Azentio and Sunil Savara. The company has 62 employees as of October 31, 2024. Candela Labs operates in a competitive market with competitors including Fiserv, Comviva, Jack Henry, Blend and Infibeam Avenues, among others.
- Headquarter Bengaluru, India
- Employees 62 as on 31 Oct, 2024
- Founders Cyrus Shavak Patel
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Sectors
Financial 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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Annual Revenue
$38.44 M (USD)10607711as on Mar 31, 2022
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Net Profit
$-1.47 M (USD)-523as on Mar 31, 2022
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EBITDA
$1.86 M (USD)931as on Mar 31, 2022
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Total Equity Funding
$97.33 K (USD)
in 3 rounds
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Latest Funding Round
$74.69 K (USD), Angel Round
Mar 24, 2017
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Investors
Sapiens
& 3 more
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Employee Count
62
as on Oct 31, 2024
- Acquired by
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Funding Insights of Candela Labs
Candela Labs has successfully raised a total of $97.33K across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $74.69 thousand completed in March 2017. 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 — $74,689
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Angel Round - Candela Labs | Valuation |
investors |
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| Jan, 2014 | Amount | Angel Round - Candela Labs | Valuation | Sunil Savara | |
| Jan, 2010 | Amount | Angel Round - Candela Labs | Valuation |
investors |
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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 Candela Labs
Candela Labs has secured backing from 4 investors, including angel investors. Prominent investors backing the company include Sapiens, Azentio and Sunil Savara. 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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SS
Sunil Savara |
Angel investor and entrepreneur, focused on early-stage Indian startups.
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Founded Year | Domain | Location |
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RT
Romil Turakhia |
Angel investor, tech enthusiast, supporting Indian startups in fintech and consumer tech.
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Founded Year | Domain | Location |
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Insurance policy administration and compliance solutions for the insurance industry
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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 Candela Labs
| 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 - Candela Labs
| 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 |
Candela Labs Comparisons
Competitors of Candela Labs
Candela Labs 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 Fiserv, Comviva, Jack Henry, Blend and Infibeam Avenues, 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 |
Diversified financial solutions for business processing and management are provided.
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| domain | founded_year | HQ Location |
Software platforms for telecommunications, digital payments, and experiences are provided.
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| domain | founded_year | HQ Location |
Banking and payments solutions are provided through a dedicated platform.
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| domain | founded_year | HQ Location |
Digital solutions for mortgage and consumer lending are provided.
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| domain | founded_year | HQ Location |
Digital payment solutions and enterprise software platforms are provided.
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| domain | founded_year | HQ Location |
API-enabled open banking platform is provided for financial institutions.
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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 Candela Labs
Frequently Asked Questions about Candela Labs
When was Candela Labs founded?
Candela Labs was founded in 1996 and raised its 1st funding round 14 years after it was founded.
Where is Candela Labs located?
Candela Labs is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Candela Labs a funded company?
Candela Labs is a funded company, having raised a total of $97.33K across 3 funding rounds to date.
How many employees does Candela Labs have?
As of Oct 31, 2024, the latest employee count at Candela Labs is 62.
What is the annual revenue of Candela Labs?
Annual revenue of Candela Labs is $38.44M as on Mar 31, 2022.
What does Candela Labs do?
Candela Labs offers Robotics Process Automation (RPA) and Machine Learning (ML)-based automation solutions to insurers and banks. The company offers Rapid Application Development (RAD) platform that allows clients to build digital apps, Point of Sale solutions such as the product configurator that allows insurance companies to customize insurance products, Business Process Management (BPM), and Enterprise Content Management (ECM) platforms.
Who are the top competitors of Candela Labs?
Who are Candela Labs's investors?
What is Candela Labs's valuation?
The valuation of Candela Labs is $648.93K as of Mar 2017.