About Carmatec
Carmatec is a company based in Bengaluru (India) founded in 2003. Carmatec has raised $37.61 thousand across 2 funding rounds from investors including FasterCapital and Lf Augustine. The company has 10 employees as of April 03, 2024. Carmatec offers products and services including Web App Development, Mobile App Development, Cloud Adoption, and Digital Transformation. Carmatec operates in a competitive market with competitors including AlmavivA, Hedgehog lab, Hancom, AKQA and Waracle, among others.
- Headquarter Bengaluru, India
- Employees 10 as on 03 Apr, 2024
- Stage Minicorn
-
Sectors
Technology
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Carmatec It Solutions Private Limited
- Date of Incorporation 23 Aug, 2004
- Jurisdiction Bangalore North, Karnataka, India
-
Annual Revenue
$585.99 K (USD)23.32as on Mar 31, 2023
-
Net Profit
$39.66 K (USD)184.32as on Mar 31, 2023
-
EBITDA
$113.42 K (USD)18.03as on Mar 31, 2023
-
Total Equity Funding
$37.61 K (USD)
in 2 rounds
-
Latest Funding Round
Not available
-
Investors
FasterCapital
& 1 more
-
Employee Count
10
as on Apr 03, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Carmatec
Carmatec offers a comprehensive portfolio of products and services, including Web App Development, Mobile App Development, Cloud Adoption, and Digital Transformation.
Service for building custom web applications for businesses.
Development of apps for iOS and Android platforms.
Assistance in migrating to cloud for efficient operations.
Strategies to enhance business through technology integration.
People of Carmatec
Unlock access to complete
Unlock access to complete
Funding Insights of Carmatec
Carmatec has successfully raised a total of $37.61K across 2 strategic funding rounds. 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.
Investors in Carmatec
Carmatec has secured backing from 2 investors, including venture fund and angel investors. Prominent investors backing the company include FasterCapital and Lf Augustine.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture building, startup incubation, and funding services are provided by FasterCapital.
|
Locked | Locked | Locked | |
|
LA
Lf Augustine |
-
|
Locked | Locked | Locked |
Investor details for Carmatec
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Carmatec
Investment portfolio details for Carmatec
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Carmatec
Detailed financials for Carmatec
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Carmatec Comparisons
Peer comparison for Carmatec
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Carmatec
Carmatec 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 AlmavivA, Hedgehog lab, Hancom, AKQA and Waracle, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
IT services suite solutions are provided globally by AlmavivA.
|
|
| Locked | Locked | Locked |
Mobile application development and UX design services are provided.
|
|
| Locked | Locked | Locked |
Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions.
|
|
| Locked | Locked | Locked |
Integrated digital marketing campaigns are developed and executed across channels.
|
|
| Locked | Locked | Locked |
Mobile apps and IoT solutions are developed across platforms.
|
|
| Locked | Locked | Locked |
IT services for application modernization and development are offered.
|
Detailed competitors of Carmatec
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Carmatec
Complete news archive for Carmatec
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Carmatec
Carmatec was founded in 2003 and raised its 1st funding round 5 years after it was founded.
Carmatec is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Carmatec is a funded company, having raised a total of $37.61K across 2 funding rounds to date.
As of Apr 03, 2024, the latest employee count at Carmatec is 10.
Annual revenue of Carmatec is $585.99K as on Mar 31, 2023.
Carmatec was founded in 2003 in Bengaluru, India, within the IT sector. End-to-end web solutions and managed IT services are provided, including custom web design, mobile applications for Android, iOS, and Windows, UIUX design, and desktop applications. Operations focus on web presence and software development. Clients served include Move, ZeeTV, ADS, Obtrix, Joes TGN, Gabby, Laird, and Provision Host.
Carmatec's top competitors include Hedgehog lab, AlmavivA and AKQA.
Carmatec offers Web App Development, Mobile App Development, Cloud Adoption, and Digital Transformation.
Carmatec has 2 investors. Key investors include FasterCapital, and Lf Augustine.
The valuation of Carmatec is $1.08M as of Feb 2008.