About CimplyFive
CimplyFive is a company based in Bengaluru (India) founded in 2014 was acquired by Clear in July 2022.. CimplyFive has raised $802.55 thousand across 4 funding rounds from investors including Clear, 3one4 Capital and Tarento. The company has 18 employees as of March 28, 2024. CimplyFive offers products and services including BLISS, CAIRR, BLISS DOCS, and BLISS GLOBAL. CimplyFive operates in a competitive market with competitors including Diligent, DiliTrust, acsense, Govenda and Kuberno, among others.
- Headquarter Bengaluru, India
- Employees 18 as on 28 Mar, 2024
- Stage Minicorn
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Cimplyfive Corporate Secretarial Services Private Limited
- Date of Incorporation 03 Sep, 2014
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$416.52 K (USD)58.66as on Mar 31, 2023
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Net Profit
$-435.18 K (USD)-127.62as on Mar 31, 2023
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EBITDA
$-345.05 K (USD)-318.24as on Mar 31, 2023
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Total Equity Funding
$802.55 K (USD)
in 4 rounds
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Latest Funding Round
$367.77 K (USD), Seed
May 16, 2018
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Investors
Clear
& 16 more
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Employee Count
18
as on Mar 28, 2024
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Acquired by
Clear
(Jul 06, 2022)
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Products & Services of CimplyFive
CimplyFive offers a comprehensive portfolio of products and services, including BLISS, CAIRR, BLISS DOCS, and BLISS GLOBAL. 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.
Cloud-hosted tool for automating regulatory compliance tracking.
Free platform providing real-time updates on company laws.
Software for creating and storing secretarial documents.
Solution for tracking overseas subsidiary compliance.
Funding Insights of CimplyFive
CimplyFive has successfully raised a total of $802.55K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $367.77 thousand completed in May 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 4
- Last Round Seed — $367,773
- First Round First Round
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Seed - CimplyFive | Valuation | 3one4 Capital , Tarento | |
| Sep, 2016 | Amount | Seed - CimplyFive | Valuation | Suresh Senapaty , Mohandas Pai | |
| Feb, 2015 | Amount | Angel Round - CimplyFive | Valuation | Mohandas Pai , Suresh Senapaty |
| 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 CimplyFive
CimplyFive has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Clear, 3one4 Capital and Tarento. 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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Venture capital investments in technology sectors like SaaS and Fintech in India.
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Founded Year | Domain | Location | |
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Technology-enabled accounting and finance solutions are offered for SMBs.
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Founded Year | Domain | Location | |
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PB
Priya Balasubramaniam |
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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 CimplyFive
| 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 - CimplyFive
| 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 |
Cimplyfive Comparisons
Competitors of CimplyFive
CimplyFive 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 Diligent, DiliTrust, acsense, Govenda and Kuberno, 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 |
Diligent is recognized as a leader in GRC software solutions.
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| domain | founded_year | HQ Location |
Corporate governance and data governance solutions are provided to organizations.
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| domain | founded_year | HQ Location |
Resilience platform for identity and access management is provided.
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| domain | founded_year | HQ Location |
Cloud-based software for corporate governance and board management is offered.
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| domain | founded_year | HQ Location |
Legal entity governance platform for businesses
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| domain | founded_year | HQ Location |
Platform offering legal entity management software
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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 Cimplyfive
Frequently Asked Questions about CimplyFive
When was CimplyFive founded?
CimplyFive was founded in 2014.
Where is CimplyFive located?
CimplyFive is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is CimplyFive a funded company?
CimplyFive is a funded company, having raised a total of $802.55K across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $210.06K, raised on Dec 27, 2014.
How many employees does CimplyFive have?
As of Mar 28, 2024, the latest employee count at CimplyFive is 18.
What is the annual revenue of CimplyFive?
Annual revenue of CimplyFive is $416.52K as on Mar 31, 2023.
What does CimplyFive do?
Its flagship product Board Leaders Integrated Software Solution (BLISS) helps companies be compliant with MCA requirements. Also acts as a digital productivity tool for company secretaries that automates routines and provides timely alerts to ensure good corporate governance. Features includes overview of Board, Shareholder and Board Sub-committee meetings, integrated modules for agendas, minutes, registers, returns and action trackers, timely alerts(board and shareholder meetings) and an informative dashboard. Raised funding from ex-Infosys CFOs Suresh Senapaty and Mohandas Pai.
Who are the top competitors of CimplyFive?
What products or services does CimplyFive offer?
CimplyFive offers BLISS, CAIRR, BLISS DOCS, and BLISS GLOBAL.
Who are CimplyFive's investors?
CimplyFive has 17 investors. Key investors include Clear, 3one4 Capital, Tarento, Priya Balasubramaniam, and Rajesh Ramaiah.
What is CimplyFive's valuation?
The valuation of CimplyFive is $1.68M as of May 2018.
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