About Comat Technologies
Comat Technologies is a Government & Social Sector company based in Bengaluru (India) founded in 1996 by Sriram Raghavan, and was acquired by Glodyne Technoserve in June 2011. E-governance solutions are delivered via ICT in rural areas. Comat Technologies has raised $22.7 million across 3 funding rounds from investors including Omidyar Network, Elevar Equity and Avigo Capital Partners. Comat Technologies was last valued at $41.44 million in October 2008. Its chief executive, as recorded, is Sriram Raghavan. Its focus areas include Enterprise Applications, GovTech, Public Service Delivery and Municipal Service Delivery. Its legal entity in India is Comat Technologies Private Limited (U72200KA1996PTC020127).
Company details
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.
- Headquarters Bengaluru, India
- Founders Sriram Raghavan
- Stage Acquired
- SectorsGovernment & Social Sector
- Email••••••••
- Phone•••• ••••
- Website comat.com
- Social LinkedIn X
- Acquired by Glodyne Technoserve (Jun 2011)
- Legal Name Comat Technologies Private Limited
- Date of Incorporation 22 Mar, 1996
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹87,222
FY 2018 · -2% YoY
- Net Loss-₹67.6 Lakh
FY 2018 · -7755% margin
- EBITDA-₹67.6 Lakh
FY 2018 · -7755% margin
- Total Equity Funding$22.7M (USD)
in 3 rounds
- Latest Funding Round$12.5M (USD), Series C
Oct 2008
- InvestorsOmidyar Network
& 4 more
- Acquired byGlodyne Technoserve
(Jun 2011)
Associated legal entities of Comat Technologies
Comat Technologies operates through Comat Technologies Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Comat Technologies Private Limited CIN U72200KA1996PTC020127 | Under Liquidation | 22 Mar 1996 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details |
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 $22.7M
- Total Rounds 3
- Last Round Series C — $12.5M
- First Round $4M
(Jan 2007)
- Investors Count 4
All 3 funding rounds of Comat Technologies 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 |
|---|---|---|---|---|---|
| Oct 2008 | $12.5M | Series C | $41.44M | Omidyar Network | |
| Nov 2007 | $6.2M | Series B | – | Avigo Capital Partners | – |
| Jan 2007 | $4M | Series A | – | Intel Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2008 | $41.44M | •••••••• |
Last known valuation $41.44M (Oct 2008). 5 investors in total: 5 institutional.
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 |
|---|---|---|---|---|
Investing in technology, digital culture, governance, and business initiatives. | 2004 | omidyar.com | Redwood City, United States | |
Investing in early growth for inclusive businesses in education, healthcare, and e-commerce. | 2006 | elevarequity.com | Bengaluru, India | |
PE firm invests in India | 2005 | avigocapital.com | Delhi, India | |
Investment in technology startups focusing on compute, AI, and related innovations. | intelcapital.com | |||
Delivers comprehensive IT suite services and solutions for businesses. | 1997 | glodynetechnoserve.in | Mumbai, India |
Investor details for Comat Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Comat Technologies Private Limited (Comat Technologies)
Comat Technologies Private Limited is the primary company behind Comat Technologies. The board of Comat Technologies Private Limited currently have 2 directors; the longest-serving is Ravi Rangan Srinivasa, appointed in 1996. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ravi Rangan Srinivasa DIN 01880937 | Director | 22 Mar 1996 | 30 yrs 7 mo | Comat Technologies Private Limited |
| Sriram Raghavan DIN 02505461 | Director | 27 Aug 2004 | 22 yrs 2 mo | Comat Technologies Private Limited |
People of Comat Technologies
2 people are tracked at Comat Technologies (1 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Shaila Nayak | Sr Executive - HR | Team |
Complete people profiles for Comat Technologies
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Comat Technologies
Figures of Comat Technologies Private Limited, the primary company behind Comat Technologies, for FY 2018. Revenue was ₹87,222 (-2% year on year). Net loss was -₹67.6 Lakh (-7755% margin). EBITDA was -₹67.6 Lakh (-7755% margin). Revenue has grown at a compounded annual rate of -4% over three years.
- ₹87,222Revenue · FY 2018 · -2% YoY
- -₹67.6 LakhNet loss · -7755% margin
- -₹67.6 LakhEBITDA · -7755% margin
- ₹11.08 CrPaid-up capital
- -4%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Comat Technologies Private Limited are on its company page.
Detailed financial statements for Comat Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Comat Technologies
5 dated milestones of Comat Technologies across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Comat Technologies is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series C, of $12.5M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Glodyne Technoserve.
Top companies in GovTech
2 companies that operate in the same segment as Comat Technologies (GovTech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of digital signature certificates, PKI, and e-signature solutions | 2008 | Bengaluru, Karnataka, India | USD 26.23 M | USD 76.01 M | 604 | |
Technology platform that enables users to access information on government and private welfare schemes | 2015 | Bengaluru, Karnataka, India | USD 3.29 M | USD 3.37 M | 234 |
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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 CEO of Comat Technologies, as recorded in our data. 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. The company's 1st funding round was a Series A of $4M, raised on Jan 2007.
The primary company behind Comat Technologies, Comat Technologies Private Limited, reported revenue of ₹87,222 for FY 2018, down 2% year on year.
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 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.
Comat Technologies operates through Comat Technologies Private Limited.
Yes. Comat Technologies was acquired by Glodyne Technoserve in June 2011.
The legal entities of Comat Technologies currently have 2 directors, including Sriram Raghavan, Ravi Rangan Srinivasa.