About CIGS Tech Innovations
CIGS Tech Innovations is a Financial Services company based in Chennai (India) founded in 2008. FinTech solutions are provided by CIGS Tech Innovations in India. It operates on a FinTech and Professional Services model. CIGS Tech Innovations has raised $2.61 million across 4 funding rounds from investors including Anjana Software Solutions and Mahesh Ramachandran. The company has 137 employees. CIGS Tech Innovations was last valued at $76.69 million in September 2022. Its chief executive, as recorded, is Mahesh Ramachandran. CIGS Tech Innovations offers products and services including Business Correspondence Management, Assisted eCommerce, and Trusted Donations. Its focus areas include Technology, Financial Technology and Digital Payments.
Company details
FinTech solutions are developed and offered by CIGS Tech Innovations to enhance financial inclusion in India. A Phygital Approach is adopted, blending technology with human intervention to revolutionize banking and digital transactions. Services are extended across sectors like bill payments, assisted eCommerce, healthcare, insurance, and agriculture. Rural and semi-urban areas are targeted through Customer Service Points, ensuring accessibility to banking, government schemes, and online retail. Innovation in payment technology, such as tap-and-pay and UPI adoption, is pioneered to redefine modern finance landscapes.
- Annual Revenue$5.72 M (USD)7as on Mar 31, 2024
- Net Profit$257.24 K (USD)343as on Mar 31, 2024
- EBITDA$422.43 K (USD)110as on Mar 31, 2024
- Total Equity Funding$2.61M (USD)
in 4 rounds
- Latest Funding Round$97.97K (USD), Angel Round
Sep 2022
- InvestorsAnjana Software Solutions
& 1 more
- Employee Count137
Products & Services of CIGS Tech Innovations
CIGS Tech Innovations offers a comprehensive portfolio of products and services, including Business Correspondence Management, Assisted eCommerce, and Trusted Donations.
Solution for managing agent networks and banking services.
Facilitates online retail access in rural areas efficiently.
Platform connecting donors with verified NGOs transparently.
Funding Insights of CIGS Tech Innovations
CIGS Tech Innovations has successfully raised a total of $2.61M across 4 strategic funding rounds. The most recent funding activity was a Angel Round of $97.97 thousand completed in September 2022. 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 $2.61M
- Total Rounds 4
- Last Round Angel Round — $97,968
- First Round $30,076
(Sep 2015)
- Investors Count 2
All 4 funding rounds of CIGS Tech Innovations 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 |
|---|---|---|---|---|---|
| Sep 2022 | $97,968 | Angel Round | $76.69M | – | – |
| Jul 2022 | $1.1M | Angel Round | $63.36M | – | |
| Jun 2021 | $1.38M | Seed | $••••• | Anjana Software Solutions | – |
| Sep 2015 | $30,076 | Angel Round | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2022 | $76.69M | •••••••• |
| Jul 2022 | $63.36M | •••••••• |
| Jun 2021 | $••••• | •••••••• |
| Sep 2015 | $••••• | •••••••• |
Full valuation and stage history of CIGS Tech Innovations
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $76.69M (Sep 2022). 2 investors in total: 1 institutional and 1 angel.
Investors in CIGS Tech Innovations
CIGS Tech Innovations has secured backing from 2 investors, including angel and institutional investors. Prominent investors backing the company include Anjana Software Solutions and Mahesh Ramachandran.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Delivers comprehensive mobile app and software development services. | anjanasoft.com | Chennai, India | ||
MR Mahesh Ramachandran | unknown_b786dee17ed84b838 |
Investor details for CIGS Tech Innovations
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.
People of CIGS Tech Innovations
12 people are tracked at CIGS Tech Innovations (5 in leadership, 5 in board & advisors, 2 in team); the tracked headcount is 137.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Swaminathan Periaswamy | Chief Operating Officer | Leadership |
P. Ranganathan | Head of Compliance | Leadership |
P. Swaminathan | Chief Operating Officer | Leadership |
K.Sasikumar | Chief Financial Officer | Leadership |
T. Prabalkumari | Director | Board & advisors |
Trichy Krishnan | Director | Board & advisors |
Mohan Kaul | Chairman | Board & advisors |
Suresh Ramamurthy | Director | Board & advisors |
T.R.Suresh | Director | Board & advisors |
Aravind Aravind | Project Manager | Team |
•Bharath Мє Kumar | Executive | Team |
Complete people profiles for CIGS Tech Innovations
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.
Timeline of CIGS Tech Innovations
4 dated milestones of CIGS Tech Innovations across 14 years, from founding to its latest funding, stage changes and deals.
- Founded CIGS Tech Innovations is founded.
- Funding First funding round of $30K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $98K.
Web traffic of CIGS Tech Innovations
The website of CIGS Tech Innovations (cigs.in) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 215.1% vs previous month
Websites whose visitors overlap most with CIGS Tech Innovations. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| facebook.com | 100% | 12.1B | #3 | View details |
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Frequently Asked Questions about CIGS Tech Innovations
CIGS Tech Innovations was founded in 2008 and raised its 1st funding round 7 years after it was founded.
CIGS Tech Innovations is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Mahesh Ramachandran is the CEO of CIGS Tech Innovations, as recorded in our data.
CIGS Tech Innovations is a funded company, having raised a total of $2.61M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $30.08K, raised on Sep 2015.
CIGS Tech Innovations has 137 employees.
Annual revenue of CIGS Tech Innovations is $5.72M as on Mar 31, 2024.
FinTech solutions are developed and offered by CIGS Tech Innovations to enhance financial inclusion in India. A Phygital Approach is adopted, blending technology with human intervention to revolutionize banking and digital transactions. Services are extended across sectors like bill payments, assisted eCommerce, healthcare, insurance, and agriculture. Rural and semi-urban areas are targeted through Customer Service Points, ensuring accessibility to banking, government schemes, and online retail. Innovation in payment technology, such as tap-and-pay and UPI adoption, is pioneered to redefine modern finance landscapes.
CIGS Tech Innovations offers Business Correspondence Management, Assisted eCommerce, and Trusted Donations.
CIGS Tech Innovations has 2 investors. Key investors include Anjana Software Solutions, and Mahesh Ramachandran.
The valuation of CIGS Tech Innovations is $76.69M as of Sep 2022.
CIGS Tech Innovations operates through Cigs Tech Innovations.