About CIGS Tech Innovations
CIGS Tech Innovations is a company based in Chennai (India) founded in 2008. It operates as a FinTech, and Professional Services. CIGS Tech Innovations has raised $2.61 million across 4 funding rounds from investors including Anjana Software Solutions and Mahesh Ramachandran. The company has 137 employees as of May 31, 2025. CIGS Tech Innovations offers products and services including Business Correspondence Management, Assisted eCommerce, and Trusted Donations.
- Headquarter Chennai, India
- Employees 137 as on 31 May, 2025
- Stage Minicorn
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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
*********
- Legal Name Cigs Tech Innovations
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Annual Revenue
$5.72 M (USD)7as on Mar 31, 2024
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Net Profit
$257.24 K (USD)343as on Mar 31, 2024
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EBITDA
$422.43 K (USD)110as on Mar 31, 2024
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Total Equity Funding
$2.61 M (USD)
in 4 rounds
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Latest Funding Round
$97.97 K (USD), Angel Round
Sep 30, 2022
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Investors
Anjana Software Solutions
& 1 more
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Employee Count
137
as on May 31, 2025
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Products & Services of CIGS Tech Innovations
CIGS Tech Innovations offers a comprehensive portfolio of products and services, including Business Correspondence Management, Assisted eCommerce, and Trusted Donations. 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.
Solution for managing agent networks and banking services.
Facilitates online retail access in rural areas efficiently.
Platform connecting donors with verified NGOs transparently.
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Funding Insights of CIGS Tech Innovations
CIGS Tech Innovations has successfully raised a total of $2.61M across 4 strategic funding rounds. The most recent funding activity was a Angel Round round of $97.97 thousand completed in September 2022. 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 4
- Last Round Angel Round — $97,968
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First Round
First Round
(10 Sep 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Angel Round - CIGS Tech Innovations | Valuation |
investors |
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| Jul, 2022 | Amount | Angel Round - CIGS Tech Innovations | Valuation |
investors |
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| Jun, 2021 | Amount | Seed - CIGS Tech Innovations | Valuation | Anjana Software Solutions |
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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 CIGS Tech Innovations
CIGS Tech Innovations has secured backing from 2 investors, including angel and institutional investors. Prominent investors backing the company include Anjana Software Solutions and Mahesh Ramachandran. 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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Delivers comprehensive mobile app and software development services.
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Founded Year | Domain | Location | |
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MR
Mahesh Ramachandran |
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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 CIGS Tech Innovations
| 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 - CIGS Tech Innovations
| 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 |
Cigs Tech Innovations Comparisons
Competitors of CIGS Tech Innovations
| 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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Frequently Asked Questions about CIGS Tech Innovations
When was CIGS Tech Innovations founded?
CIGS Tech Innovations was founded in 2008 and raised its 1st funding round 7 years after it was founded.
Where is CIGS Tech Innovations located?
CIGS Tech Innovations is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of CIGS Tech Innovations?
Mahesh Ramachandran is the current CEO of CIGS Tech Innovations.
Is CIGS Tech Innovations a funded company?
CIGS Tech Innovations is a funded company, having raised a total of $2.61M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.38M, raised on Sep 10, 2015.
How many employees does CIGS Tech Innovations have?
As of May 31, 2025, the latest employee count at CIGS Tech Innovations is 137.
What is the annual revenue of CIGS Tech Innovations?
Annual revenue of CIGS Tech Innovations is $5.72M as on Mar 31, 2024.
What does CIGS Tech Innovations do?
FinTech solutions are developed and offered by CIGS Tech Innovations to enhance financial inclusion in India. A Phygital Approach is adopted, blending technology with human intervention to revolutionize banking and digital transactions. Services are extended across sectors like bill payments, assisted eCommerce, healthcare, insurance, and agriculture. Rural and semi-urban areas are targeted through Customer Service Points, ensuring accessibility to banking, government schemes, and online retail. Innovation in payment technology, such as tap-and-pay and UPI adoption, is pioneered to redefine modern finance landscapes.
What products or services does CIGS Tech Innovations offer?
CIGS Tech Innovations offers Business Correspondence Management, Assisted eCommerce, and Trusted Donations.
Who are CIGS Tech Innovations's investors?
CIGS Tech Innovations has 2 investors. Key investors include Anjana Software Solutions, and Mahesh Ramachandran.
What is CIGS Tech Innovations's valuation?
The valuation of CIGS Tech Innovations is $76.69M as of Sep 2022.
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