About Digiit Business Service
Digiit Business Service is a Retail company based in Singapore (Singapore) founded in 2015. It delivers comprehensive omni-commerce solutions to enhance offline retail operations. It operates on a B2B model. The company has 1 employees. Its Indian entity Digiit Business Services Private Limited reported revenue of ₹45.5 Lakh. Its focus areas include Technology, Software Services, E-commerce Solutions and Omni-channel Retail. Its competitors include CallidusCloud, RELEX, Wasoko, Bizom and Vend and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
Digiit Business Service, based in Singapore, focuses on leveraging cutting-edge technology, software services, e-commerce solutions, and omni-channel retail. Delivers comprehensive omni-commerce solutions to enhance offline retail operations. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Singapore, Singapore
- Employees 1
- SectorsRetail
- Website digiit.biz
- Legal Name Digiit Business Services Private Limited
- Date of Incorporation 26 Aug, 2020
- Jurisdiction Tiruchirappalli, Tamil Nadu, India
- Annual Revenue₹45.5 Lakh
FY 2024 · +146% YoY
- Net Loss-₹29.2 Lakh
FY 2024 · -64% margin
- EBITDA₹2.9 Lakh
FY 2024 · 6% margin
- Employee Count1
Associated legal entities of Digiit Business Service
Digiit Business Service operates through Digiit Business Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Digiit Business Services Private Limited CIN U72200TN2020PTC137433 | Active | 26 Aug 2020 | Tiruchirappalli, Tamil Nadu | ₹0.5 Cr | 15 | 2 | View details |
Board of directors of Digiit Business Services Private Limited (Digiit Business Service)
Digiit Business Services Private Limited is the primary company behind Digiit Business Service. The board of Digiit Business Services Private Limited currently have 2 directors; the longest-serving is Sivakumar Thiyagarajan, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sivakumar Thiyagarajan DIN 07682273 | Director | 26 Aug 2020 | 6 yrs 1 mo | Digiit Business Services Private Limited |
| Karthikeyan Arumugham DIN 09668126 | Director | 15 Sep 2024 | 2 yrs 1 mo | Digiit Business Services Private Limited |
Financials of Digiit Business Service
Figures of Digiit Business Services Private Limited, the primary company behind Digiit Business Service, for FY 2024. Revenue was ₹45.5 Lakh (+146% year on year). Net loss was -₹29.2 Lakh (-64% margin). EBITDA was ₹2.9 Lakh (6% margin). Revenue has grown at a compounded annual rate of +176% over three years.
- ₹45.5 LakhRevenue · FY 2024 · +146% YoY
- -₹29.2 LakhNet loss · -64% margin
- ₹2.9 LakhEBITDA · 6% margin
- ₹1 LakhPaid-up capital
- 15Employees (provident fund records)
- +176%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Digiit Business Services Private Limited are on its company page.
Detailed financial statements for Digiit Business Service
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Competitors of Digiit Business Service
Digiit Business Service has 8 listed competitors in our database, 8 of them funded. They include CallidusCloud, RELEX, Wasoko, Bizom and Vend, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| calliduscloud.com | 1996 | Pleasanton, United States | $70.5M | 849 | Cloud-based solutions for sales, marketing, and pipeline management are provided. | |
| relexsolutions.com | 2005 | Helsinki, Finland | $816.41M | 169 | Unified platform for retail and supply chain planning is offered. | |
| wasoko.com | 2013 | Nairobi, Kenya | $151.91M | – | Online B2B marketplace offering groceries for enterprises | |
| bizom.com | 2008 | Bengaluru, India | $19.18M | 401 | Retail intelligence platform is developed for brands and B2B retailers. | |
| vendhq.com | 2010 | San Francisco, United States | $45.86M | 38 | Cloud-based retail POS solutions | |
| jushuitan.com | 2014 | Hangzhou, China | $225.2M | – | SaaS-based ERP solutions are provided for e-commerce operations management. | |
| zopsmart.com | 2011 | Bengaluru, India | $12.86M | 464 | Omni-channel solutions are provided for offline businesses. | |
| soundcommerce.com | 2002 | Seattle, United States | $44.25M | 21 | Cloud-based customer data management and analytics platform is utilized. |
Detailed competitors of Digiit Business Service
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Top companies in Fashion & Lifestyle E-Commerce
10 companies that operate in the same segment as Digiit Business Service (Fashion & Lifestyle E-Commerce), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 142.34 M | USD 32.66 M | 711 | |
Photo editing and sharing apps are developed by Meitu. | 2008 | Xiamen, Fujian, China | USD 525 M | USD 536.99 M | 719 | |
Subscription-based jewelry is provided by digital-first brand BlueStone. | 2011 | Bengaluru, Karnataka, India | USD 254.97 M | USD 259.64 M | 3,210 | |
Men's fashion apparel is offered online by Bonobos. | 2007 | New York, New York, United States | USD 127.67 M | – | – | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 | |
Pre-owned fashion products are sold via an online marketplace. | 2008 | Vilnius, Vilnius County, Lithuania | USD 872.04 M | USD 2 M | 4,595 | |
Online rental platform offering multi-category fashion products and accessories | 2009 | New York, New York, United States | USD 326.35 M | USD 306.2 M | 887 | |
Customizable smart lock screen experiences are developed for mobile devices. | 2019 | Bengaluru, Karnataka, India | USD 390 M | USD 73.11 M | 493 |
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Related news about Digiit Business Service
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Frequently Asked Questions about Digiit Business Service
Digiit Business Service was founded in 2015.
Digiit Business Service is headquartered in Singapore, Singapore.
Digiit Business Service has 1 employees.
The primary company behind Digiit Business Service, Digiit Business Services Private Limited, reported revenue of ₹45.5 Lakh for FY 2024, up 146% year on year.
Digiit Business Service, based in Singapore, focuses on leveraging cutting-edge technology, software services, e-commerce solutions, and omni-channel retail. Delivers comprehensive omni-commerce solutions to enhance offline retail operations. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Digiit Business Service operates through Digiit Business Services Private Limited.
The legal entities of Digiit Business Service currently have 2 directors, including Sivakumar Thiyagarajan, Karthikeyan Arumugham.