About Cheers Interactive
Cheers Interactive is a Business Services company based in Mumbai (India) founded in 2000 by Nayan Laxmichand Shah. It operates as a research, analytics, and sales marketing solutions are provided. Cheers Interactive has raised $59.51 thousand across 3 funding rounds from investors including Neyaz Ahmad, Manjeej Nara and Peter Ferrao. The company has 295 employees. Cheers Interactive was last valued at $2.17 million in March 2017. Its chief executive is Nayan Laxmichand Shah. Its Indian entity Cheers Interactive (India) Private Limited reported revenue of ₹80.45 Cr. Cheers Interactive offers products and services including FutureBridge, WhatNext, and Cognition-solutions. Its focus areas include BPO Services and Horizontal. Its competitors include Genpact, Datamatics, Quess, Sutherland and TaskUs and 5 more; 3 of its 10 listed competitors have raised funding.
Company details
Cheers Interactive was established in 2000 and is headquartered in Mumbai, India. Focus is placed on delivering research and analytics services alongside sales and marketing solutions. Operations span the analytics and marketing sectors, with tools and strategies developed for client needs in data-driven decision-making. The company serves various industries through its core offerings in Mumbai-based facilities.
- Headquarters Mumbai, India
- Employees 295
- Founders Nayan Laxmichand Shah
- Stage Minicorn
- SectorsBusiness Services
- Website cheersin.com
- Social LinkedIn
- Legal Name Cheers Interactive (India) Private Limited
- Date of Incorporation 18 Jul, 2000
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹80.45 Cr
FY 2025 · -19% YoY
- Net Loss-₹19.23 Cr
FY 2025 · -24% margin
- EBITDA-₹15.69 Cr
FY 2025 · -20% margin
- Total Equity Funding$59.51K (USD)
in 3 rounds
- Latest Funding Round$16.79K (USD), Angel Round
Mar 2017
- Employee Count295
Associated legal entities of Cheers Interactive
Cheers Interactive operates through Cheers Interactive (India) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cheers Interactive (India) Private Limited CIN U72900MH2000PTC127766 | Active | 18 Jul 2000 | Mumbai, Maharashtra | ₹80.4 Cr | 295 | 4 | View details |
Products & Services of Cheers Interactive
Cheers Interactive offers a comprehensive portfolio of products and services, including FutureBridge, WhatNext, and Cognition-solutions.
Platform for tracking and advising on future industry trends
Service for identifying and applying digital technologies
Tool for generating leads and analyzing market data
Funding Insights of Cheers Interactive
Cheers Interactive has successfully raised a total of $59.51K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $16.79 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 $59,509
- Total Rounds 3
- Last Round Angel Round — $16,794
- First Round $19,496
(Aug 2011)
- Investors Count 5
All 3 funding rounds of Cheers Interactive with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2017 | $16,794 | Angel Round | $2.17M | Manjeej Nara | |
| Mar 2014 | $23,219 | Angel Round | $2.33M | Neyaz Ahmad, Manjeej Nara | |
| Aug 2011 | $19,496 | Angel Round | $••••• | Peter Ferrao |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2017 | $2.17M | •••••••• |
| Mar 2014 | $2.33M | •••••••• |
| Aug 2011 | $••••• | •••••••• |
Full valuation and stage history of Cheers Interactive
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $2.17M (Mar 2017). 5 investors in total: 0 institutional and 5 angel.
Investors in Cheers Interactive
Cheers Interactive has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Neyaz Ahmad, Manjeej Nara and Peter Ferrao.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
NA Neyaz Ahmad | - | – | unknown_e1d5405da3be4af29 | - |
MN Manjeej Nara | - | – | unknown_d33f6d4a38ea47dbb | - |
PF Peter Ferrao | - | – | unknown_eca0a628485e40b49 | - |
SV Shibu Varghese | - | – | unknown_a2db924090d54d1ba | - |
SS Suraj Shetty | Angel investor and entrepreneur, focused on tech startups in India. | – | unknown_f3f9de4b33f742218 | - |
Investor details for Cheers Interactive
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Cheers Interactive (India) Private Limited (Cheers Interactive)
Cheers Interactive (India) Private Limited is the primary company behind Cheers Interactive. The board of Cheers Interactive (India) Private Limited currently have 4 directors; the longest-serving is Jigna Nayan Shah, appointed in 2000. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jigna Nayan Shah DIN 00244407 | Whole-time director | 18 Jul 2000 | 26 yrs 2 mo | Cheers Interactive (India) Private Limited |
| Chunilal Meghji Shah DIN 00386573 | Whole-time director | 18 Jul 2000 | 26 yrs 2 mo | Cheers Interactive (India) Private Limited |
| Hitesh Chunilal Shah DIN 00314129 | Whole-time director | 18 Jul 2000 | 26 yrs 2 mo | Cheers Interactive (India) Private Limited |
| Nayan Laxmichand Shah DIN 00244296 | Whole-time director | 08 Jul 2003 | 23 yrs 3 mo | Cheers Interactive (India) Private Limited |
People of Cheers Interactive
61 people are tracked at Cheers Interactive (7 in leadership, 54 in team); the tracked headcount is 295.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Praveen Nayak - Iim (PMP / DASSM) | Associate Director (business Intelligence) | Leadership |
Anshul Agarwal | Head Of Global Marketing | Leadership |
Ram Mohan Narasimhan | Vice President And Practice Area Head - Chemicals, Energy And Utilities | Leadership |
Dinesh Mannan | Chief People Officer | Leadership |
Amitesh Verma | Associate Director, Talent Acquisition | Leadership |
Prashant Mungle | Head Of Data Management | Leadership |
Riya Sawner | Analyst - System | Team |
Vipul Sehrawat | Senior Business Analyst | Team |
Sandhya Nair | Assistant Manager - Data Governance And Compliance | Team |
Sachin Panchal | Quality Analyst | Team |
Sandhya Kadali | Business Analyst | Team |
Namrata Patel | Web Reserach Analyst | Team |
Nilesh Nirbhavne | Web Researcher | Team |
Arvind Lokhande | Business Analyst | Team |
Ronak Jain | Team Lead | Team |
Lawrence Anthony | Full Stack Developer | Team |
Kasheenath Lotnkar | Research Analyst | Team |
Bhagyashree . | Research Analyst | Team |
Paresh Juikar | Deskto Engineer | Team |
41 more people are available in the full profile.
Complete people profiles for Cheers Interactive
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Cheers Interactive
Figures of Cheers Interactive (India) Private Limited, the primary company behind Cheers Interactive, for FY 2025. Revenue was ₹80.45 Cr (-19% year on year). Net loss was -₹19.23 Cr (-24% margin). EBITDA was -₹15.69 Cr (-20% margin). Revenue has grown at a compounded annual rate of -8% over three years and +4% over five years.
- ₹80.45 CrRevenue · FY 2025 · -19% YoY
- -₹19.23 CrNet loss · -24% margin
- -₹15.69 CrEBITDA · -20% margin
- ₹1.13 CrPaid-up capital
- 295Employees (provident fund records)
- -8%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Cheers Interactive (India) Private Limited are on its company page.
Detailed financial statements for Cheers Interactive
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Cheers Interactive
4 dated milestones of Cheers Interactive across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Cheers Interactive is founded.
- Funding First funding round of $19K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $17K.
Competitors of Cheers Interactive
Cheers Interactive has 10 listed competitors in our database, 3 of them funded. They include Genpact, Datamatics, Quess, Sutherland and TaskUs, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| genpact.com | 1997 | New York, United States | – | 129,140 | Provider of end-to-end business process outsourcing services | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| quesscorp.com | 2007 | Bengaluru, India | – | 1,860 | Provider of outsourcing and business services | |
| sutherlandglobal.com | 1986 | Pittsford, United States | $60M | 3,444 | Business process and technology management services are provided globally. | |
| taskus.com | 2008 | San Antonio, United States | $15M | – | Provider of customer care and back office support services for multiple sectors | |
| cesc.co.in | 1879 | Kolkata, India | – | 6,320 | Electricity generation and distribution are provided in eastern India. | |
| eclerx.com | 2000 | Mumbai, India | – | 5,931 | Provider of business processes, change management, analytics, and data-driven insights services | |
| hexaware.com | 1990 | Mumbai, India | – | 23,635 | Provider of IT consulting and BPO services | |
| einfochips.com | 1996 | Ahmedabad, India | – | 3,906 | Provider of product engineering, process automation, IT advisory, software development, and other services | |
| capita.com | 1984 | London, United Kingdom | – | 47,889 | Capita is engaged in providing business process outsourcing and digital services. |
Detailed competitors of Cheers Interactive
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Cheers Interactive
Websites that share an audience with Cheers Interactive (cheersin.com).
Websites whose visitors overlap most with Cheers Interactive. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| leadspace.com | 51% | 8.6K | #2,498,053 | View details |
Top companies in Business Process Outsourcing (BPO)
10 companies that operate in the same segment as Cheers Interactive (Business Process Outsourcing (BPO)), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of outsourcing and business services | 2007 | Bengaluru, Karnataka, India | – | USD 1.63 B | 441,150 | |
Cloud-based text analytics and cognitive automation services are provided. | 1975 | Mumbai, Maharashtra, India | USD 3 M | USD 211.78 M | 4,960 | |
Provider of customer care and back office support services for multiple sectors | 2008 | San Antonio, Texas, United States | USD 15 M | USD 1.18 B | 59,000 | |
Provider of end-to-end business process outsourcing services | 1997 | New York, New York, United States | – | USD 5.08 B | 140,000 | |
Electricity generation and distribution are provided in eastern India. | 1879 | Kolkata, West Bengal, India | – | USD 1.98 B | 5,690 | |
Provider of revenue cycle management, BPO, IT, and finance and accounting services | 2011 | Chennai, Tamil Nadu, India | USD 3.9 M | USD 284.62 M | 17,503 | |
Provider of data analytics, cloud management, and business process outsourcing services | 1986 | Pune, Maharashtra, India | – | USD 6.06 B | 119,340 | |
Business process and technology management services are provided globally. | 1986 | Pittsford, New York, United States | USD 60 M | – | – | |
Provider of business processes, change management, analytics, and data-driven insights services | 2000 | Mumbai, Maharashtra, India | – | USD 438.8 M | 16,630 | |
Provider of IT consulting and BPO services | 1990 | Mumbai, Maharashtra, India | – | USD 1.49 B | 32,310 |
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Frequently Asked Questions about Cheers Interactive
Cheers Interactive was founded in 2000 and raised its 1st funding round 11 years after it was founded.
Cheers Interactive is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Nayan Laxmichand Shah is the current CEO of Cheers Interactive. They have also founded this company.
Cheers Interactive is a funded company, having raised a total of $59.51K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $19.5K, raised on Aug 2011.
Cheers Interactive has 295 employees.
The primary company behind Cheers Interactive, Cheers Interactive (India) Private Limited, reported revenue of ₹80.45 Cr for FY 2025, down 19% year on year.
Cheers Interactive was established in 2000 and is headquartered in Mumbai, India. Focus is placed on delivering research and analytics services alongside sales and marketing solutions. Operations span the analytics and marketing sectors, with tools and strategies developed for client needs in data-driven decision-making. The company serves various industries through its core offerings in Mumbai-based facilities.
Cheers Interactive's top competitors include Quess, Datamatics and TaskUs.
Cheers Interactive offers FutureBridge, WhatNext, and Cognition-solutions.
Cheers Interactive has 5 investors. Key investors include Neyaz Ahmad, Manjeej Nara, Peter Ferrao, Shibu Varghese, and Suraj Shetty.
The valuation of Cheers Interactive is $2.17M as of Mar 2017.
Cheers Interactive operates through Cheers Interactive (India) Private Limited.