About Comat Technologies
Comat Technologies is a company based in Bengaluru (India) founded in 1996 by Sriram Raghavan was acquired by Glodyne Technoserve in June 2011. Comat Technologies has raised $22.7 million across 3 funding rounds from investors including Omidyar Network, Elevar Equity and Avigo Capital Partners. Comat Technologies operates in a competitive market with competitors including NiC, CityGrows, CrimsonLogic, Simplicity and adam, among others.
- Headquarter Bengaluru, India
- Founders Sriram Raghavan
- Stage Minicorn
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Sectors
Government & Social Sector
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Comat Technologies Private Limited
- Date of Incorporation 22 Mar, 1996
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.25 K (USD)-1.61as on Mar 31, 2018
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Net Profit
-$97.14 K (USD)-473.05as on Mar 31, 2018
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EBITDA
-$98.39 K (USD)-439.89as on Mar 31, 2018
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Total Equity Funding
$22.7 M (USD)
in 3 rounds
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Latest Funding Round
$12.5 M (USD), Series C
Oct 01, 2008
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Investors
Omidyar Network
& 4 more
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Employee Count
Not available
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Acquired by
Glodyne Technoserve
(Jun 10, 2011)
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People of Comat Technologies
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Funding Insights of Comat Technologies
Comat Technologies has successfully raised a total of $22.7M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $12.5 million completed in October 2008. 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 Comat Technologies
Comat Technologies has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Omidyar Network, Elevar Equity and Avigo Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
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Investing in technology, digital culture, governance, and business initiatives.
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Investing in early growth for inclusive businesses in education, healthcare, and e-commerce.
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PE firm invests in India
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Investor details for Comat Technologies
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Investments & Acquisitions by Comat Technologies
Investment portfolio details for Comat Technologies
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Financial Statements - Comat Technologies
Detailed financials for Comat Technologies
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Comat Technologies Comparisons
Peer comparison for Comat Technologies
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Competitors of Comat Technologies
Comat Technologies 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 NiC, CityGrows, CrimsonLogic, Simplicity and adam, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Digital solutions and payment processing are provided to government agencies.
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Cloud-based platform for government licensing and permitting is offered.
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eGovernment solutions are delivered for agencies and citizens worldwide.
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Cloud-based platform for municipal communication and citizen services is provided.
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Digital solutions for public sector services are managed online.
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Detailed competitors of Comat Technologies
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Latest news on Comat Technologies
Complete news archive for Comat Technologies
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Frequently Asked Questions about Comat Technologies
Comat Technologies was founded in 1996 and raised its 1st funding round 11 years after it was founded.
Comat Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sriram Raghavan is the current CEO of Comat Technologies. They have also founded this company.
Comat Technologies is a funded company, having raised a total of $22.7M across 3 funding rounds to date.
Annual revenue of Comat Technologies is $1.25K as on Mar 31, 2018.
Comat Technologies was established in 1996 and is headquartered in Bengaluru, India. E-governance solutions are offered by the company within the information technology sector, with operations centered on deploying ICT-based G2C and B2C services in rural and semi-urban regions. Employability training, job creation initiatives, financial inclusion programs, and government services are included among the provided offerings. Acquisition by Glodyne Technoserve occurred in May 2012.
Comat Technologies's top competitors include Simplicity, CrimsonLogic and adam.
Comat Technologies has 5 investors. Key investors include Omidyar Network, Elevar Equity, Avigo Capital Partners, Intel Capital, and Glodyne Technoserve.
The valuation of Comat Technologies is $41.44M as of Oct 2008.