About ClearQuote
ClearQuote is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2012 by Rajat Patni, Sharath Murthy, and Venkat Sreeram. Vehicle damages are inspected and repair estimates automated for dealerships. The company has 30 employees. Its website clearquote.io draws about 29 thousand monthly visits. Its Indian entity Clearquote Technologies India Private Limited reported revenue of ₹4.16 Cr. Its focus areas include Auto Tech, Auto IT, Workshop Management and Operations Management.
Company details
ClearQuote was founded in 2012 in Bengaluru, India, within the automotive sector. Inspection solutions for dealerships are provided, focusing on crash repair, repainting, and replacement costs for vehicle damages. The estimation process for repairs is automated, damages are captured through standardized methods, and repair charges are normalized. Additional features encompass CRM tools, lead management systems, and API integrations to support operations.
- Headquarters Bengaluru, India
- Employees 30
- Founders Rajat Patni, Sharath Murthy, Venkat Sreeram
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website clearquote.io
- Social LinkedIn
- Legal Name Clearquote Technologies India Private Limited
- Date of Incorporation 22 Aug, 2020
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹4.16 Cr
FY 2024 · +8% YoY
- Net Profit₹3.7 Lakh
FY 2024 · 1% margin
- EBITDA₹10 Lakh
FY 2024 · 2% margin
- InvestorsStartupTN
& 2 more
- Employee Count30
Associated legal entities of ClearQuote
ClearQuote is associated with 2 registered companies on The Company Check; the primary company is Clearquote Technologies India Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Clearquote Technologies India Private Limited CIN U72900TN2020PTC137301 | Active | 22 Aug 2020 | Chennai, Tamil Nadu | ₹4.2 Cr | 22 | 2 | View details |
| Xenon Automotive India Private Limited CIN U74999TN2014PTC095787 | Active | 01 Apr 2014 | Chennai, Tamil Nadu | ₹0.1 Cr | 10 | 3 | View details |
Funding Insights of ClearQuote
- Total Rounds 3
- Investors Count 3
All 3 funding rounds of ClearQuote 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 |
|---|---|---|---|---|---|
| Nov 2023 | Seed | – | – | ||
| Nov 2022 | $12,082 | Grant | – | – | |
| Sep 2020 | Seed | – | Alchemist Accelerator | – |
3 investors in total: 3 institutional.
Investors in ClearQuote
ClearQuote has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include StartupTN, Alchemist Accelerator and Hub71.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Potato farming, grain marketing, and equipment services in Maine. | 2021 | startuptn.in | Chennai, India | |
Enterprise startups are accelerated via a 6-month program. | alchemistaccelerator.com | San Francisco, United States | ||
| hub71.com |
Investor details for ClearQuote
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- Round participation
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Board of directors of Clearquote Technologies India Private Limited (ClearQuote)
Clearquote Technologies India Private Limited is the primary company behind ClearQuote. The boards of the 2 registered companies of ClearQuote currently have 3 directors; the longest-serving is Rajat Patni, appointed in 2014. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajat Patni DIN 05265664 | Director | 11 Aug 2014 | 12 yrs 2 mo | Xenon Automotive India Private Limited |
| Sharath Srinivasamurthy Bette DIN 06845800 | Director | 22 Aug 2020 | 6 yrs 2 mo | Clearquote Technologies India Private Limited, Xenon Automotive India Private Limited |
| Venkatrangam Sreeram DIN 06845814 | Managing Director | 22 Aug 2020 | 6 yrs 2 mo | Clearquote Technologies India Private Limited, Xenon Automotive India Private Limited |
People of ClearQuote
8 people are tracked at ClearQuote (4 in leadership, 4 in team); the tracked headcount is 30.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Sharath Murthy | Co-Founder | Leadership |
Venkat Sreeram | Co-Founder | Leadership |
Medinho Ziane | CEO | Leadership |
Marcus Hennecke | Business Development Advisor | Team |
Akhila Jarabani | Senior Product Manager | Team |
Najeeb Shamsudeen | Customer Success Lead | Team |
Arjun Sindhya | Associate Product Manager | Team |
Complete people profiles for ClearQuote
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Financials of ClearQuote
Figures of Clearquote Technologies India Private Limited, the primary company behind ClearQuote, for FY 2024. Revenue was ₹4.16 Cr (+8% year on year). Net profit was ₹3.7 Lakh (1% margin). EBITDA was ₹10 Lakh (2% margin). Revenue has grown at a compounded annual rate of +71% over three years.
- ₹4.16 CrRevenue · FY 2024 · +8% YoY
- ₹3.7 LakhNet profit · 1% margin
- ₹10 LakhEBITDA · 2% margin
- ₹70,000Paid-up capital
- 22Employees (provident fund records)
- +71%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Clearquote Technologies India Private Limited are on its company page.
Detailed financial statements for ClearQuote
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Timeline of ClearQuote
3 dated milestones of ClearQuote across 11 years, from founding to its latest funding, stage changes and deals.
- Founded ClearQuote is founded.
- Funding First funding round.
- Funding Latest funding round, Seed,.
Web traffic of ClearQuote
The website of ClearQuote (clearquote.io) receives about 28.6K visits a month.
- Monthly visits28.6K
▼ 12.8% vs previous month
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Related news about Clearquote
Complete news archive for ClearQuote
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Frequently Asked Questions about ClearQuote
ClearQuote was founded in 2012 and raised its 1st funding round 8 years after it was founded.
ClearQuote is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
ClearQuote has 30 employees.
The primary company behind ClearQuote, Clearquote Technologies India Private Limited, reported revenue of ₹4.16 Cr for FY 2024, up 8% year on year.
ClearQuote was founded in 2012 in Bengaluru, India, within the automotive sector. Inspection solutions for dealerships are provided, focusing on crash repair, repainting, and replacement costs for vehicle damages. The estimation process for repairs is automated, damages are captured through standardized methods, and repair charges are normalized. Additional features encompass CRM tools, lead management systems, and API integrations to support operations.
ClearQuote has 3 investors. Key investors include StartupTN, Alchemist Accelerator, and Hub71.
ClearQuote is associated with 2 legal entities: Clearquote Technologies India Private Limited, Xenon Automotive India Private Limited.
The legal entities of ClearQuote currently have 3 directors, including Sharath Srinivasamurthy Bette, Venkatrangam Sreeram, Rajat Patni.