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
***********
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Phone
*********
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Website
*********
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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. 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.
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.
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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 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Angel Round — $197,347
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First Round
First Round
(04 Jan 2014)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Angel Round - EffiaSoft | Valuation | Ian Beveridge , Ian Beveridge |
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| Oct, 2017 | Amount | Angel Round - EffiaSoft | Valuation | Thodla Narayana Sekhar | |
| Oct, 2016 | Amount | Angel Round - EffiaSoft | Valuation | Santhapu Rao Boinapalli |
| 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 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. 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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Business spends, payments, and rewards are streamlined by automated workflows.
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Founded Year | Domain | Location | |
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IB
Ian Beveridge |
Angel investor, ex-Google, focused on Indian startups and technology
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Founded Year | Domain | Location |
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IB
Ian Beveridge |
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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 EffiaSoft
| 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 - EffiaSoft
| 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 |
Effiasoft Comparisons
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. 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 |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Provider of cloud-based POS software solutions for businesses and service providers
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| domain | founded_year | HQ Location |
Provider of SaaS based marking solution
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| domain | founded_year | HQ Location |
Cloud-based mPOS system for small business operations is offered.
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| domain | founded_year | HQ Location |
POS solutions are provided to offline retailers via mobile devices.
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| domain | founded_year | HQ Location |
Cloud-based point-of-sale software is provided for retailers and restaurants.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Effiasoft
Frequently Asked Questions about EffiaSoft
When was EffiaSoft founded?
EffiaSoft was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is EffiaSoft located?
EffiaSoft is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of EffiaSoft?
Koushik Shee is the current CEO of EffiaSoft. They have also founded this company.
Is EffiaSoft a funded company?
EffiaSoft is a funded company, having raised a total of $447.52K across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $119.61K, raised on Jan 04, 2014.
How many employees does EffiaSoft have?
As of Apr 08, 2024, the latest employee count at EffiaSoft is 147.
What is the annual revenue of EffiaSoft?
Annual revenue of EffiaSoft is $1.62M as on Mar 31, 2023.
What does EffiaSoft do?
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.
Who are the top competitors of EffiaSoft?
What products or services does EffiaSoft offer?
EffiaSoft offers JustBilling, Restaurant Management Software, Distribution Management Software, and In-Flight Management Software.
Who are EffiaSoft's investors?
EffiaSoft has 7 investors. Key investors include Zaggle, Ian Beveridge, Ian Beveridge, Thodla Narayana Sekhar, and M V S Ananthakrishnan.
What is EffiaSoft's valuation?
The valuation of EffiaSoft is $2.1M as of Sep 2018.
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