About Devnagri
Devnagri is a company based in Noida (India) founded in 2019 by Nakul Kundra.. Devnagri has raised $1.66 million across 3 funding rounds from investors including Venture Catalysts, LetsVenture and Z Nation Lab. The company has 47 employees as of April 03, 2024. Devnagri offers products and services including DOTA Web, DOTA App, Waani, Document Translation, and Image Translation. Devnagri operates in a competitive market with competitors including Lilt, Unbabel, Reverie Language Technologies, Language I/O and Reverso, among others.
- Headquarter Noida, India
- Employees 47 as on 03 Apr, 2024
- Founders Nakul Kundra
- Stage Minicorn
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Sectors
Technology
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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 Devnagri Ai Private Limited
- Date of Incorporation 11 Dec, 2019
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$493.58 K (USD)10.25as on Mar 31, 2023
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Net Profit
$-292.3 K (USD)-288.56as on Mar 31, 2023
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EBITDA
$-217.84 K (USD)-214.28as on Mar 31, 2023
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Total Equity Funding
$1.66 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Venture Catalysts
& 32 more
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Employee Count
47
as on Apr 03, 2024
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Products & Services of Devnagri
Devnagri offers a comprehensive portfolio of products and services, including DOTA Web, DOTA App, Waani, Document Translation, and Image Translation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for translating websites into multiple languages.
Tool for translating mobile applications efficiently.
Multilingual bot for conversational translations.
Service for translating various document formats.
AI tool for translating text within images.
App for on-the-go image translation services.
API for converting scripts in real-time.
API for automated content translation.
Funding Insights of Devnagri
Devnagri has successfully raised a total of $1.66M across 3 strategic funding rounds. 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 Last Round
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First Round
First Round
(19 Oct 2021)
- Investors Count 33
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - Devnagri | Valuation | Inflection Point Ventures |
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| Aug, 2023 | Amount | Seed - Devnagri | Valuation | Z Nation Lab | |
| Oct, 2021 | Amount | Seed - Devnagri | Valuation | Inflection Point Ventures , Venture Catalysts |
| 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 Devnagri
Devnagri has secured backing from 33 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Venture Catalysts, LetsVenture and Z Nation Lab. 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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Investments are made in early-stage tech startups across sectors.
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Founded Year | Domain | Location | |
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Startup accelerator
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Founded Year | Domain | Location | |
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Venture capital investment in tech-startups
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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 Devnagri
| 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 - Devnagri
| 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 |
Devnagri Comparisons
Competitors of Devnagri
Devnagri 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 Lilt, Unbabel, Reverie Language Technologies, Language I/O and Reverso, 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 |
Cloud-based machine translation tools and services are provided by Lilt.
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| domain | founded_year | HQ Location |
AI-based translation platform is provided for multilingual operations.
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| domain | founded_year | HQ Location |
AI-powered translation, localization, and voice solutions are provided.
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| domain | founded_year | HQ Location |
Translation of support content is automated for customer service agents.
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| domain | founded_year | HQ Location |
An online tool for accurate language translation and linguistic support.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Devnagri
Frequently Asked Questions about Devnagri
When was Devnagri founded?
Devnagri was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Devnagri located?
Devnagri is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Is Devnagri a funded company?
Devnagri is a funded company, having raised a total of $1.66M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.17M, raised on Oct 19, 2021.
How many employees does Devnagri have?
As of Apr 03, 2024, the latest employee count at Devnagri is 47.
What is the annual revenue of Devnagri?
Annual revenue of Devnagri is $493.58K as on Mar 31, 2023.
What does Devnagri do?
Devnagri was founded in 2019 in Noida, India, as a provider of an AI-powered human translation platform targeted at enterprises. Neural machine translation is integrated with machine learning algorithms and a community-driven approach to enable accurate translations. Operations focus on scaling business translation services through a hybrid AI-human model, supporting global enterprises in multilingual content management.
Who are the top competitors of Devnagri?
Devnagri's top competitors include Unbabel, Lilt and Reverie Language Technologies.
What products or services does Devnagri offer?
Devnagri offers DOTA Web, DOTA App, Waani, Document Translation, and 4 more products and services.
Who are Devnagri's investors?
Devnagri has 33 investors. Key investors include Venture Catalysts, LetsVenture, Z Nation Lab, Sat Industries, and Capital Quotient.
What is Devnagri's valuation?
The valuation of Devnagri is $8.24M as of Aug 2023.
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