About Eltropy
Eltropy is a company based in Milpitas (United States) founded in 2014.. Eltropy has raised $25 million across 2 funding rounds from investors including CMFG Ventures, Curql and K1 Investment Management. The company has 99 employees as of March 28, 2024. Eltropy has completed 3 acquisitions, including Lexop, Marsview and POPi/o. Eltropy offers products and services including Voice+, Text Messaging, Secure Chat, and Video Banking. Eltropy operates in a competitive market with competitors including Twilio, Dialpad, Front, Podium and Zenvia, among others.
- Headquarter Milpitas, United States
- Employees 99 as on 28 Mar, 2024
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Eltropy India Private Limited
- Date of Incorporation 31 Dec, 2013
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$4.34 M (USD)80.63as on Mar 31, 2023
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Net Profit
$279.13 K (USD)61.73as on Mar 31, 2023
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EBITDA
$513.46 K (USD)98.71as on Mar 31, 2023
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Total Equity Funding
$25 M (USD)
in 2 rounds
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Latest Funding Round
$25 M (USD), Series A
Jun 16, 2021
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Investors
CMFG Ventures
& 3 more
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Employee Count
99
as on Mar 28, 2024
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Investments & Acquisitions
Lexop
& 2 more
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Products & Services of Eltropy
Eltropy offers a comprehensive portfolio of products and services, including Voice+, Text Messaging, Secure Chat, and Video Banking. 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.
Enables voice-based interactions for secure banking services.
Facilitates text-based communication for member engagement.
Provides encrypted chat for private financial discussions.
Supports video interactions for remote banking needs.
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Funding Insights of Eltropy
Eltropy has successfully raised a total of $25M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $25 million completed in June 2021. 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 2
- Last Round Series A — $25.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series A - Eltropy | Valuation | K1 Investment Management | |
| Jun, 2018 | Amount | Seed - Eltropy | Valuation | Plug and Play APAC |
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| 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 Eltropy
Eltropy has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include CMFG Ventures, Curql and K1 Investment Management. 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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Corporate-backed venture capital firm focused on fintech, Insurtech, and multiple sectors
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Founded Year | Domain | Location | |
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Curql is focused on connecting credit unions with fintech investments.
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Founded Year | Domain | Location | |
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B2B enterprise SaaS investments are managed by K1 Investment Management.
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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 Eltropy
Eltropy has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Lexop, Marsview and POPi/o. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based meeting notes management software is provided.
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2018 | ||||
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AI-powered tools for internal and external customer service are provided.
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2013 | ||||
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Video-based banking solutions are provided to financial institutions.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Eltropy
| 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 |
Eltropy Comparisons
Competitors of Eltropy
Eltropy 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 Twilio, Dialpad, Front, Podium and Zenvia, 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 |
Cloud-based omnichannel communication and customer engagement platform is utilized.
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| domain | founded_year | HQ Location |
Cloud-based unified communication solutions including voice and video are provided.
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| domain | founded_year | HQ Location |
Front is recognized as a customer service software provider.
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| domain | founded_year | HQ Location |
Online reviews are collected and managed through a cloud-based platform.
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| domain | founded_year | HQ Location |
Text and voice messages are delivered through an online platform.
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| domain | founded_year | HQ Location |
Cloud-based messaging and communication solutions are provided for enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Eltropy
Frequently Asked Questions about Eltropy
When was Eltropy founded?
Eltropy was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is Eltropy located?
Eltropy is headquartered in Milpitas, United States. It is registered at Milpitas, California, United States.
Is Eltropy a funded company?
Eltropy is a funded company, having raised a total of $25M across 2 funding rounds to date.
How many employees does Eltropy have?
As of Mar 28, 2024, the latest employee count at Eltropy is 99.
What is the annual revenue of Eltropy?
Annual revenue of Eltropy is $4.34M as on Mar 31, 2023.
What does Eltropy do?
Platform offering reputation management software. It enables users to review and rate the services. It manages reviews online and analyzes the reviews against the competition. It offers a platform for sales reps to connect with buyers and share relevant documents related to the solar industry. Also offers a CMS for sales teams to store all collateral on a platform, share it with prospects, and get insights such as click rates, open rates, and view rates.
Who are the top competitors of Eltropy?
What products or services does Eltropy offer?
Eltropy offers Voice+, Text Messaging, Secure Chat, and Video Banking.
How many acquisitions has Eltropy made?
Who are Eltropy's investors?
Eltropy has 4 investors. Key investors include CMFG Ventures, Curql, K1 Investment Management, and Plug and Play APAC.
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