About Eckovation
Eckovation is a company based in Delhi (India) founded in 2015 was acquired by Imarticus Learning in July 2021. Eckovation has raised $213.22 thousand across 3 funding rounds from investors including Imarticus Learning, Manoj Vatwani and Hemant Sood. The company has 1 employees. Eckovation operates in a competitive market with competitors including Coursera, Pluralsight, PowerSchool, upGrad and Brightwheel, among others.
- Headquarter Delhi, India
- Employees 1
- Stage Minicorn
- SectorsTechnologyEducation
- Email••••••••
- Phone•••• ••••
- Website eckovation.com
- Social LinkedIn Facebook
- Acquired by Imarticus Learning (Jul 2021)
- Legal Name Eckovation Solutions Private Limited
- Date of Incorporation 19 May, 2015
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹73.3 Lakh
FY 2024 · -50% YoY
- Net Loss-₹4.3 Lakh
FY 2024 · -6% margin
- EBITDA-₹3.9 Lakh
FY 2024 · -5% margin
- Total Equity Funding$213.22K (USD)
in 3 rounds
- InvestorsImarticus Learning
& 21 more
- Employee Count1
- Acquired byImarticus Learning
(Jul 2021)
Associated legal entities of Eckovation
Eckovation operates through Eckovation Solutions 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 |
|---|---|---|---|---|---|---|---|
| Eckovation Solutions Private Limited CIN U72200DL2015PTC280429 | Active | 19 May 2015 | New Delhi, Delhi | ₹0.7 Cr | – | 2 | View details |
Funding Insights of Eckovation
Eckovation has successfully raised a total of $213.22K 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 $213,216
- Total Rounds 3
- First Round $101,164
(Sep 2015)
- Investors Count 21
All 3 funding rounds of Eckovation 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 |
|---|---|---|---|---|---|
| Nov 2018 | – | Angel Round | $2.65M | Manoj Vatwani | – |
| Dec 2016 | $112,052 | Angel Round | $2.91M | Rohit Chadha | |
| Sep 2015 | $101,164 | Angel Round | $••••• | Rohit Chadha |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2018 | $2.65M | •••••••• |
| Dec 2016 | $2.91M | •••••••• |
Last known valuation $2.65M (Nov 2018). 22 investors in total: 1 institutional and 21 angel.
Investors in Eckovation
Eckovation has secured backing from 22 investors, including angel investors. Prominent investors backing the company include Imarticus Learning, Manoj Vatwani and Hemant Sood.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
MV Manoj Vatwani | - | – | unknown_a99449c5a6194b629 | - |
HS Hemant Sood | Angel investor, founder of Findoc, focusing on fintech and startups | – | unknown_3f6d07158f2946d19 | - |
DS Dharminder Singh Sandhu | - | – | unknown_813c0f606c404753a | - |
MS Mihir Somaiya | - | – | unknown_ea41e635c3d54d869 | - |
GD Girish Dinakaran | - | – | unknown_99b0aaa938d1430cb | - |
RV Rachana Vidhi | - | – | unknown_b02d7453d6f848d1a | - |
PS P Sucheendra Kumar | - | – | unknown_a1790778c2b44bc4a | - |
MW Mano Watwani | - | – | unknown_85c59d8fc8b84e2b9 | - |
RC Rohit Chadha | Angel investor and entrepreneur, co-founder of Zappfresh, focused on agritech | – | unknown_c37ad040be374363b | - |
PS P Sucheendra Kumar | - | – | unknown_96b841cb8fca4237a | - |
Investor details for Eckovation
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 Eckovation Solutions Private Limited (Eckovation)
Eckovation Solutions Private Limited is the primary company behind Eckovation. The board of Eckovation Solutions Private Limited currently have 2 directors; the longest-serving is Akshat Goel, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Akshat Goel DIN 06706255 | Director | 19 May 2015 | 11 yrs 4 mo | Eckovation Solutions Private Limited |
| Ritesh Singh DIN 06888422 | Director | 19 May 2015 | 11 yrs 4 mo | Eckovation Solutions Private Limited |
People of Eckovation
1 people are tracked at Eckovation (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| – | Leadership |
Complete people profiles for Eckovation
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 Eckovation
Figures of Eckovation Solutions Private Limited, the primary company behind Eckovation, for FY 2024. Revenue was ₹73.3 Lakh (-50% year on year). Net loss was -₹4.3 Lakh (-6% margin). EBITDA was -₹3.9 Lakh (-5% margin). Revenue has grown at a compounded annual rate of -31% over three years and -29% over five years.
- ₹73.3 LakhRevenue · FY 2024 · -50% YoY
- -₹4.3 LakhNet loss · -6% margin
- -₹3.9 LakhEBITDA · -5% margin
- ₹1.2 LakhPaid-up capital
- -31%Revenue CAGR, 3 years
- -29%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Eckovation Solutions Private Limited are on its company page.
Detailed financial statements for Eckovation
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 Eckovation
5 dated milestones of Eckovation across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Eckovation is founded.
- Funding First funding round of $101K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round,.
- Exit Acquired by Imarticus Learning.
Competitors of Eckovation
Eckovation 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 Coursera, Pluralsight, PowerSchool, upGrad and Brightwheel, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coursera.org | 2012 | Mountain View, United States | $443.17M | 443 | An online platform for multi-course education is operated. | |
| pluralsight.com | 2004 | Farmington, United States | $235.41M | 315 | Cloud-based LMS platform for IT industry | |
| powerschool.com | 1997 | Folsom, United States | $32M | 2,270 | Cloud-based software for K-12 education is provided. | |
| upgrad.com | 2015 | Mumbai, India | $329.18M | 7,972 | Professional certification training courses are provided via an online platform. | |
| mybrightwheel.com | 2014 | San Francisco, United States | $88.8M | 404 | Online platform for preschool management and parent updates is offered. | |
| codecademy.com | 2011 | New York, United States | $82.53M | 191 | Mobile and SaaS-based platform to learn coding | |
| udemy.com | 2010 | San Francisco, United States | $273.59M | 883 | Online courses in diverse subjects are provided via a marketplace. | |
| udacity.com | 2011 | Mountain View, United States | $160M | 276 | Online platform for professional development courses in software is provided. | |
| masterclass.com | 2012 | San Francisco, United States | $461.4M | 623 | Online courses in creative fields are delivered by celebrity experts. | |
| anthology.com | 1996 | Boca Raton, United States | $128.6M | – | LMS and CRM solutions are provided for educational institutions. |
Detailed competitors of Eckovation
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Eckovation
Complete news archive for Eckovation
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Eckovation
10 companies that operate in the same segment as Eckovation (Enterprise Resource Planning), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based ERP software is offered for multiple industries. | 1991 | Loughborough, England, United Kingdom | USD 1.49 B | – | – | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 20,400 | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Cloud-based software for K-12 education is provided. | 1997 | Folsom, California, United States | USD 32 M | USD 47.59 M | 1,308 | |
Cloud-based ERP software is provided for automotive and manufacturing sectors. | 1972 | Austin, Texas, United States | USD 229.28 M | – | 834 | |
Cloud-based ERP software is provided for project-driven organizations. | 1983 | Herndon, Virginia, United States | USD 107.08 M | – | – | |
Cloud-based ERP software is offered for multiple industries. | 2002 | New York, New York, United States | USD 1.52 B | – | – | |
Online platform for preschool management and parent updates is offered. | 2014 | San Francisco, California, United States | USD 88.8 M | – | – | |
Cloud-based accounting and payroll solutions for small and medium businesses | 1981 | United States | – | USD 4.54 M | – | |
Cloud-based ERP software is delivered for multiple industries. | 1998 | Redwood City, California, United States | USD 119.92 M | – | – |
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Frequently Asked Questions about Eckovation
Eckovation was founded in 2015.
Eckovation is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Eckovation is a funded company, having raised a total of $213.22K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $101.16K, raised on Sep 2015.
Eckovation has 1 employees.
The primary company behind Eckovation, Eckovation Solutions Private Limited, reported revenue of ₹73.3 Lakh for FY 2024, down 50% year on year.
Eckovations flagship product Pathshala is an IT solution for management of schools and colleges. Provides all-over managerial view to school institutions administration and reports to parents about their childs performance through various channels. Founded by IIM Ahmedabad, IIT Delhi team.
Eckovation's top competitors include upGrad, Pluralsight and PowerSchool.
Eckovation has 22 investors. Key investors include Imarticus Learning, Manoj Vatwani, Hemant Sood, Dharminder Singh Sandhu, and Mihir Somaiya.
The valuation of Eckovation is $2.65M as of Nov 2018.
Eckovation operates through Eckovation Solutions Private Limited.
Yes. Eckovation was acquired by Imarticus Learning in July 2021.
The legal entities of Eckovation currently have 2 directors, including Akshat Goel, Ritesh Singh.