About Quoreka Industries
Quoreka Industries is a Technology company based in Norwalk (United States) founded in 2004 by Manav Garg, and was acquired by STG in April 2024. Procurement management and analytics solutions are powered by AI. It operates on a SaaS (Software-as-a-Service) and Professional Services model. Quoreka Industries has raised $56.75 million across 3 funding rounds from investors including STG, Nexus Venture Partners and Silver Lake. Quoreka Industries has completed 3 acquisitions, including EnCompass Technologies, Matrix Group and Trxiea. Its chief executive, as recorded, is Manav Garg. Its Indian entity Eka Software Solutions Private Limited reported revenue of ₹88.31 Cr. Quoreka Industries offers products and services including Eka CTRM, ETRM, Trinity, Fintrade, and Stockyard Management. Its focus areas include Software, Enterprise Software, Energy and Energy Services. Its competitors include JDA software, Blue Yonder and Amber Road; 2 of its 3 listed competitors have raised funding.
Company details
Quoreka Industries is engaged in delivering commodity trading and risk management solutions. Operations span multiple sectors including agriculture, energy, metals, mining, and food beverage. Tailored solutions are offered for complex trading, logistics, and supply chain challenges. Products like Eka CTRM, ETRM, and Trinity are developed to optimize margins and provide real-time control. Support is extended to global leaders with connected workflows and digitized operations across the commodity value chain.
- Indian entity revenue₹88.31 Cr
FY 2025 · -2% YoY
- Indian entity net profit₹9.88 Cr
FY 2025 · 11% margin
- Indian entity EBITDA₹14.36 Cr
FY 2025 · 16% margin
- Total Equity Funding$56.75M (USD)
in 3 rounds
- Latest Funding Round$40.75M (USD), Series C
Oct 2013
- InvestorsSTG
& 3 more
- Investments & AcquisitionsEnCompass Technologies
& 2 more
- Acquired bySTG
(Apr 2024)
Associated legal entities of Quoreka Industries
Quoreka Industries operates through Eka Software Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Eka Software Solutions Private Limited CIN U72200KA2004PTC034432 | Active | 04 Aug 2004 | Bangalore, Karnataka | ₹88.3 Cr | 205 | 3 | View details |
Products & Services of Quoreka Industries
Quoreka Industries offers a comprehensive portfolio of products and services, including Eka CTRM, ETRM, Trinity, Fintrade, and Stockyard Management.
End-to-end visibility is provided for commodity value chains.
Energy value chain management is optimized with confidence.
Margins are optimized with real-time trading lifecycle control.
Visibility and automation are enhanced for risk management.
Stockyard operations are automated with real-time visibility tools.
Apps and channels of Quoreka Industries
its YouTube channel Eka Software Solutions has 314 subscribers and 30 videos.
Videos from Quoreka Industries
The most watched videos on Quoreka Industries's YouTube channel, Eka Software Solutions (314 subscribers). Click a video to play it here.
More on Eka Software Solutions.
Funding Insights of Quoreka Industries
Quoreka Industries has successfully raised a total of $56.75M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $40.75 million completed in October 2013. 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 $56.75M
- Total Rounds 3
- Last Round Series C — $40.75M
- First Round $6M
(Jun 2005)
- Investors Count 3
All 3 funding rounds of Quoreka Industries 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 |
|---|---|---|---|---|---|
| Oct 2013 | $40.75M | Series C | – | Silver Lake | |
| Oct 2009 | $10M | Series B | – | Nexus Venture Partners | – |
| Jun 2005 | $6M | Series A | – | GP Group | – |
4 investors in total: 4 institutional.
Investors in Quoreka Industries
Quoreka Industries has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include STG, Nexus Venture Partners and Silver Lake.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm that partners with entrepreneurs for product-first companies. | 2006 | nexusvp.com | Menlo Park, United States | |
Technology investing and private equity firm focused on partnerships. | silverlake.com | |||
A private equity firm focused on mid-market software leaders. | 1990 | stg.com | Menlo Park, United States | |
| premjee.com |
Investor details for Quoreka Industries
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 Eka Software Solutions Private Limited (Quoreka Industries)
Eka Software Solutions Private Limited is the primary company behind Quoreka Industries. The board of Eka Software Solutions Private Limited currently have 3 directors; the longest-serving is Subrahmanya Bhat, appointed in 2024. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Subrahmanya Bhat DIN 08312655 | Director | 26 Mar 2024 | 2 yrs 7 mo | Eka Software Solutions Private Limited |
| Samir Duggal DIN 07624537 | Director | 26 Mar 2024 | 2 yrs 7 mo | Eka Software Solutions Private Limited |
| Sumarani Sarkar DIN 11146965 | Whole-time director | 11 Jun 2025 | 1 yr 4 mo | Eka Software Solutions Private Limited |
People of Quoreka Industries
62 people are tracked at Quoreka Industries (19 in leadership, 4 in board & advisors, 39 in team).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Francisco Navarro | Vice President Of Sales, EMEA | Leadership |
Vineet Tripathi | Director Engineering | Leadership |
Max Favoriti | Sales Director | Leadership |
| Chief People Officer | Leadership | |
Amit Sureka | CFO | Leadership |
Mahua Dutta | Senior Human Resources Business Partner | Leadership |
Prachir Dhandhania | Vice President Of Products | Leadership |
Buddhika Abeytunga | Director Of Product Management | Leadership |
Raghu Srinivasan | Vp-finance&legal | Leadership |
Vinni Malik | Vice President | Leadership |
Ravishankar Ml | Associate Director - Products | Leadership |
Rahul Kumar Jain | Chief Technology Officer | Leadership |
Ben Koch | Director Of Engineering | Leadership |
Manjunath B K | Director Of IT Infra And Data Privacy | Leadership |
Sasi D | Group Director- Finance & Legal | Leadership |
Savitha N S | Director -product Management | Leadership |
Jagriti Choithani | Senior Human Resources Business Partner (hrbp) | Leadership |
Senthilkumar Somalinga | Director Of Engineering | Leadership |
Peter Armstrong | DIrector | Board & advisors |
42 more people are available in the full profile.
Complete people profiles for Quoreka Industries
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 Quoreka Industries
Figures of Eka Software Solutions Private Limited, the primary company behind Quoreka Industries, for FY 2025. Revenue was ₹88.31 Cr (-2% year on year). Net profit was ₹9.88 Cr (11% margin). EBITDA was ₹14.36 Cr (16% margin). Revenue has grown at a compounded annual rate of -19% over three years and -4% over five years.
- ₹88.31 CrRevenue · FY 2025 · -2% YoY
- ₹9.88 CrNet profit · 11% margin
- ₹14.36 CrEBITDA · 16% margin
- ₹1.3 LakhPaid-up capital
- 205Employees (provident fund records)
- -19%Revenue CAGR, 3 years
- -4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Eka Software Solutions Private Limited are on its company page.
Detailed financial statements for Quoreka Industries
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.
Investments & Acquisitions by Quoreka Industries
Quoreka Industries has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include EnCompass Technologies, Matrix Group and Trxiea.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based treasury management solutions are offered for banks. | trxiea.com | Bengaluru, India | 2018 | Jun 2021 | •••• | |
Residential and commercial properties are developed in Australia. | matrixgroupco.com.au | Newington, Australia | 2023 | Jul 2013 | $20.22M | |
Provider of software solutions for energy trading | encompass-technologies.com | Calgary, Canada | 1993 | Apr 2013 | •••• |
Complete acquisition details for Quoreka Industries
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Quoreka Industries
7 dated milestones of Quoreka Industries across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Quoreka Industries is founded.
- Funding First funding round of $6.0M.
- Acquisition Acquires EnCompass Technologies.
- Acquisition Acquires Matrix Group.
- Funding Latest funding round, Series C, of $40.8M.
- Acquisition Acquires Trxiea.
- Exit Acquired by STG.
Competitors of Quoreka Industries
Quoreka Industries has 3 listed competitors in our database, 2 of them funded. They include JDA software, Blue Yonder and Amber Road.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jda.com | 1985 | Scottsdale, United States | 1,531 | Cloud-based supply chain and retail solutions are provided. | ||
| blueyonder.com | 1985 | Scottsdale, United States | $800M | AI and cloud-based supply chain management solutions are provided. | ||
| amberroad.com | 1990 | East Rutherford, United States | $69.12M | 315 | Cloud-based global trade management solutions are provided to enterprises. |
Detailed competitors of Quoreka Industries
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.
Web traffic of Quoreka Industries
Websites that share an audience with Quoreka Industries (eka1.com).
Websites whose visitors overlap most with Quoreka Industries. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| procol.io | 95% | View details |
Top companies in GRC, Risk & Compliance Software
3 companies that operate in the same segment as Quoreka Industries (GRC, Risk & Compliance Software) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Identity and access management solutions are provided for developers. | 2013 | Bellevue, Washington, United States | USD 332.75 M | 350 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Quoreka Industries
Complete news archive for Quoreka Industries
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.
Frequently Asked Questions about Quoreka Industries
Quoreka Industries was founded in 2004 and raised its 1st funding round 1 year after it was founded.
Quoreka Industries is headquartered in Norwalk, United States.
Manav Garg is the CEO of Quoreka Industries, as recorded in our data. They have also founded this company.
Quoreka Industries is a funded company, having raised a total of $56.75M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Jun 2005.
The primary company behind Quoreka Industries, Eka Software Solutions Private Limited, reported revenue of ₹88.31 Cr for FY 2025, down 2% year on year.
Quoreka Industries is engaged in delivering commodity trading and risk management solutions. Operations span multiple sectors including agriculture, energy, metals, mining, and food beverage. Tailored solutions are offered for complex trading, logistics, and supply chain challenges. Products like Eka CTRM, ETRM, and Trinity are developed to optimize margins and provide real-time control. Support is extended to global leaders with connected workflows and digitized operations across the commodity value chain.
Quoreka Industries's top competitors include Blue Yonder, Amber Road and JDA software.
Quoreka Industries offers Eka CTRM, ETRM, Trinity, Fintrade, and Stockyard Management.
Quoreka Industries has made 3 acquisitions, including EnCompass Technologies, Matrix Group, and Trxiea.
Quoreka Industries has 4 investors. Key investors include STG, Nexus Venture Partners, Silver Lake, and GP Group.
Quoreka Industries operates through Eka Software Solutions Private Limited.
Yes. Quoreka Industries was acquired by STG in April 2024.