About EffiaSoft
EffiaSoft is a company based in Hyderabad (India) founded in 2012 by Krishna Rao Akula, Joydeep Sarkar, and Koushik Shee was acquired by Zaggle in March 2025. EffiaSoft has raised $447.52 thousand across 4 funding rounds from investors including Zaggle, Ian Beveridge and Ian Beveridge. The company has 147 employees as of April 08, 2024. EffiaSoft offers products and services including JustBilling, Restaurant Management Software, Distribution Management Software, and In-Flight Management Software. EffiaSoft operates in a competitive market with competitors including Square, SpotOn, Bazaarvoice, Clover and Clip, among others.
- Headquarter Hyderabad, India
- Employees 147 as on 08 Apr, 2024
- Founders Krishna Rao Akula, Joydeep Sarkar, Koushik Shee
- Stage Minicorn
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Sectors
TechnologyRetail
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
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- Legal Name Effiasoft Private Limited
- Date of Incorporation 08 Nov, 2012
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$1.62 M (USD)59.36as on Mar 31, 2023
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Net Profit
$86.21 K (USD)441.21as on Mar 31, 2023
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EBITDA
$237.54 K (USD)191.2as on Mar 31, 2023
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Total Equity Funding
$447.52 K (USD)
in 4 rounds
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Latest Funding Round
$197.35 K (USD), Angel Round
Sep 07, 2018
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Investors
Zaggle
& 6 more
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Employee Count
147
as on Apr 08, 2024
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Acquired by
Zaggle
(Mar 27, 2025)
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Products & Services of EffiaSoft
EffiaSoft offers a comprehensive portfolio of products and services, including JustBilling, Restaurant Management Software, Distribution Management Software, and In-Flight Management Software.
Cloud-based POS solution for billing, inventory, and customer management.
Platform for restaurant operations, orders, and reporting.
Software for managing distribution, inventory, and logistics.
Tool for in-flight sales, billing, and passenger services.
People of EffiaSoft
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Software Development Team
2 people
Business Team
2 people
Founder Team
1 people
Lead Team
1 people
Android Team
1 people
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Funding Insights of EffiaSoft
EffiaSoft has successfully raised a total of $447.52K across 4 strategic funding rounds. The most recent funding activity was a Angel Round of $197.35 thousand completed in September 2018. 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.
Investors in EffiaSoft
EffiaSoft has secured backing from 7 investors, including angel and institutional investors. Prominent investors backing the company include Zaggle, Ian Beveridge and Ian Beveridge.
| Investor | Description | Founded Year | Domain | Location |
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Business spends, payments, and rewards are streamlined by automated workflows.
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IB
Ian Beveridge |
Angel investor, ex-Google, focused on Indian startups and technology
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IB
Ian Beveridge |
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Investor details for EffiaSoft
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Investments & Acquisitions by EffiaSoft
Investment portfolio details for EffiaSoft
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Financial Statements - EffiaSoft
Detailed financials for EffiaSoft
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Effiasoft Comparisons
Peer comparison for EffiaSoft
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Competitors of EffiaSoft
EffiaSoft 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 Square, SpotOn, Bazaarvoice, Clover and Clip, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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POS solutions are provided for retail businesses.
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Provider of cloud-based POS software solutions for businesses and service providers
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Provider of SaaS based marking solution
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Cloud-based mPOS system for small business operations is offered.
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POS solutions are provided to offline retailers via mobile devices.
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Cloud-based point-of-sale software is provided for retailers and restaurants.
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Detailed competitors of EffiaSoft
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Latest news on Effiasoft
Complete news archive for EffiaSoft
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Frequently Asked Questions about EffiaSoft
EffiaSoft was founded in 2012 and raised its 1st funding round 2 years after it was founded.
EffiaSoft is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Koushik Shee is the current CEO of EffiaSoft. They have also founded this company.
EffiaSoft is a funded company, having raised a total of $447.52K across 4 funding rounds to date.
As of Apr 08, 2024, the latest employee count at EffiaSoft is 147.
Annual revenue of EffiaSoft is $1.62M as on Mar 31, 2023.
EffiaSoft was founded in 2012 in Hyderabad, India, within the software sector. Cloud-based ERP systems are delivered to small and medium-sized organizations. Modules covered include supply chain management, customer relationship management, human resources management, manufacturing resource planning, financial and asset management, as well as an Android point-of-sale solution. Focus is placed on operational efficiency through cloud deployment for these enterprises.
EffiaSoft offers JustBilling, Restaurant Management Software, Distribution Management Software, and In-Flight Management Software.
EffiaSoft has 7 investors. Key investors include Zaggle, Ian Beveridge, Ian Beveridge, Thodla Narayana Sekhar, and M V S Ananthakrishnan.
The valuation of EffiaSoft is $2.1M as of Sep 2018.