About EFRAC
EFRAC is a company based in Kolkata (India) founded in 1921 by Balwinder Singh Bajwa was acquired by Mandala Capital in June 2016.. EFRAC has raised $5.62 million across 4 funding rounds from investors including Keventer, DSK Legal and MKJ Enterprises. The company has 202 employees as of April 05, 2024. EFRAC offers products and services including Food Testing, Water Testing, and Drug Testing. EFRAC operates in a competitive market with competitors including Centivo, Access Healthcare, MultiPlan, Omega Healthcare and Light Wave Dental, among others.
- Headquarter Kolkata, India
- Employees 202 as on 05 Apr, 2024
- Founders Balwinder Singh Bajwa
- Stage Minicorn
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Sectors
HealthcareBusiness Services
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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 Edward Food Research & Analysis Centre Limited
- Date of Incorporation 29 Aug, 1921
- Jurisdiction Kolkata, West Bengal, India
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Annual Revenue
$3.61 M (USD)19.39as on Mar 31, 2023
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Net Profit
$107 K (USD)122.56as on Mar 31, 2023
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EBITDA
$1.3 M (USD)33.32as on Mar 31, 2023
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Total Equity Funding
$5.62 M (USD)
in 4 rounds
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Latest Funding Round
$2.77 M (USD), Private Equity Round
Jun 23, 2016
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Investors
Keventer
& 6 more
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Employee Count
202
as on Apr 05, 2024
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Acquired by
Mandala Capital
(Jun 30, 2016)
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Products & Services of EFRAC
EFRAC offers a comprehensive portfolio of products and services, including Food Testing, Water Testing, and Drug Testing. 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.
Conducts analysis for food safety and nutritional content
Performs testing for water purity and contaminants
Analyzes pharmaceutical products for quality assurance
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Funding Insights of EFRAC
EFRAC has successfully raised a total of $5.62M across 4 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $2.77 million completed in June 2016. 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 Private Equity Round — $2.8M
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First Round
First Round
(25 Mar 2010)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Private Equity Round - EFRAC | Valuation | Mandala Capital | |
| Mar, 2013 | Amount | Unspecified - EFRAC | Valuation |
investors |
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| Sep, 2010 | Amount | Unspecified - EFRAC | Valuation | MKJ Enterprises |
| 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 EFRAC
EFRAC has secured backing from 7 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Keventer, DSK Legal and MKJ Enterprises. 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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Tech & Offline focused VC firm investing in geographies such as India
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Founded Year | Domain | Location | |
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Trading stainless steel products with focus on domestic business in India.
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Founded Year | Domain | Location | |
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Purchase and sale of securities and real estate services in India.
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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
|
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 EFRAC
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - EFRAC
| 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 |
Efrac Comparisons
Competitors of EFRAC
EFRAC 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 Centivo, Access Healthcare, MultiPlan, Omega Healthcare and Light Wave Dental, 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 |
Provider of self funded health plan
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| domain | founded_year | HQ Location |
Provider of revenue cycle management, BPO, IT, and finance and accounting services
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| domain | founded_year | HQ Location |
Medical payment integrity and analytics services are provided by MultiPlan.
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| domain | founded_year | HQ Location |
Healthcare outsourcing services are provided to various sectors.
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| domain | founded_year | HQ Location |
Dental practice brokerage services are provided to facilitate transactions.
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| domain | founded_year | HQ Location |
Software solutions for laboratory diagnostics are provided to healthcare.
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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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Frequently Asked Questions about EFRAC
When was EFRAC founded?
EFRAC was founded in 1921 and raised its 1st funding round 89 years after it was founded.
Where is EFRAC located?
EFRAC is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Who is the current CEO of EFRAC?
Balwinder Singh Bajwa is the current CEO of EFRAC. They have also founded this company.
Is EFRAC a funded company?
EFRAC is a funded company, having raised a total of $5.62M across 4 funding rounds to date. The company's 1st funding round was a Unspecified of $666.06K, raised on Mar 25, 2010.
How many employees does EFRAC have?
As of Apr 05, 2024, the latest employee count at EFRAC is 202.
What is the annual revenue of EFRAC?
Annual revenue of EFRAC is $3.61M as on Mar 31, 2023.
What does EFRAC do?
EFRAC was founded in 1921 in Kolkata, India, and operates in the food and drug testing sector. Services encompass detection of heavy metals, mycotoxins, PAHs, PCBs, pesticide residues, synthetic dyes, and ethylene oxide. Pathogen testing covers Salmonella, EHEC, Listeria monocytogenes, and total plate count. Additional offerings include allergen detection for egg, milk proteins, gluten, nuts, and soy, along with food packaging safety assessments and training programs.
Who are the top competitors of EFRAC?
EFRAC's top competitors include Centivo, Access Healthcare and Rennova Health.
What products or services does EFRAC offer?
EFRAC offers Food Testing, Water Testing, and Drug Testing.
Who are EFRAC's investors?
EFRAC has 7 investors. Key investors include Keventer, DSK Legal, MKJ Enterprises, Madanlal, and Mandala Capital.
What is EFRAC's valuation?
The valuation of EFRAC is $3.22M as of Mar 2013.
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