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
*********
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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
Employee Count
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Acquired by
Glodyne Technoserve
(Jun 10, 2011)
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $12.5M
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First Round
First Round
(24 Jan 2007)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2008 | Amount | Series C - Comat Technologies | Valuation | Omidyar Network | |
| Nov, 2007 | Amount | Series B - Comat Technologies | Valuation | Avigo Capital Partners |
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| Jan, 2007 | Amount | Series A - Comat Technologies | Valuation | Intel Capital |
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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 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. 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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Investing in technology, digital culture, governance, and business initiatives.
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Founded Year | Domain | Location | |
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Investing in early growth for inclusive businesses in education, healthcare, and e-commerce.
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Founded Year | Domain | Location | |
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PE firm invests in India
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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 Comat Technologies
| 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 - Comat Technologies
| 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 |
Comat Technologies Comparisons
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. 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 |
Digital solutions and payment processing are provided to government agencies.
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| domain | founded_year | HQ Location |
Cloud-based platform for government licensing and permitting is offered.
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| domain | founded_year | HQ Location |
eGovernment solutions are delivered for agencies and citizens worldwide.
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| domain | founded_year | HQ Location |
Cloud-based platform for municipal communication and citizen services is provided.
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| domain | founded_year | HQ Location |
Digital solutions for public sector services are managed online.
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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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Frequently Asked Questions about Comat Technologies
When was Comat Technologies founded?
Comat Technologies was founded in 1996 and raised its 1st funding round 11 years after it was founded.
Where is Comat Technologies located?
Comat Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Comat Technologies?
Sriram Raghavan is the current CEO of Comat Technologies. They have also founded this company.
Is Comat Technologies a funded company?
Comat Technologies is a funded company, having raised a total of $22.7M across 3 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Jan 24, 2007.
What is the annual revenue of Comat Technologies?
Annual revenue of Comat Technologies is $1.25K as on Mar 31, 2018.
What does Comat Technologies do?
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.
Who are the top competitors of Comat Technologies?
Comat Technologies's top competitors include Simplicity, CrimsonLogic and adam.
Who are Comat Technologies's investors?
Comat Technologies has 5 investors. Key investors include Omidyar Network, Elevar Equity, Avigo Capital Partners, Intel Capital, and Glodyne Technoserve.
What is Comat Technologies's valuation?
The valuation of Comat Technologies is $41.44M as of Oct 2008.
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