About Enegma
Enegma is a Technology company based in Mumbai (India) founded in 2024 by Prashanth K. It operates as an AI platform automating procurement from intake to payment for businesses. It operates on a B2B and SaaS model. Enegma offers products and services including Intake to Procure, Procure to Pay, and AP Automation. Its focus areas include FinTech, Procurement Solutions, Invoice Automation and AP Management. Its legal entity in India is TANGERINE VENTURES PVT. LTD (U41002MH2023PTC410363). Similar companies include Sage Group, Coupa, Airbase, Bizongo and Procurify and 5 more; 8 of its 10 listed similar companies have raised funding.
Company details
Enegma is an AI-driven procurement platform that manages processes from intake to payment, automating approvals, supplier management, and invoices. It uses intelligent tools to enhance efficiency and decision-making for enterprises. Based in Thane, Maharashtra, India, it serves businesses by streamlining operations and reducing costs through analytics and recommendations.
- Headquarters Mumbai, India
- Founders Prashanth K
- SectorsTechnology
- Website enegma.in
- Social LinkedIn
- Legal Name Tangerine Ventures Pvt. Ltd.
- Date of Incorporation 13 Sep, 2023
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹31,310
FY 2025
- Net Loss-₹12.4 Lakh
FY 2025 · -3961% margin
- EBITDA-₹14.7 Lakh
FY 2025 · -4685% margin
Associated legal entities of Enegma
Enegma operates through Tangerine Ventures 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 |
|---|---|---|---|---|---|---|---|
| Tangerine Ventures Private Limited CIN U41002MH2023PTC410363 | Active | 13 Sep 2023 | Thane, Maharashtra | ₹0.0 Cr | – | 2 | View details |
Products & Services of Enegma
Enegma offers a comprehensive portfolio of products and services, including Intake to Procure, Procure to Pay, and AP Automation.
Automates purchase requests and approvals for efficient operations.
Handles RFx, approvals, and reconciliation to speed up processes.
Manages invoices and payments with automated workflows.
Board of directors of Tangerine Ventures Private Limited (Enegma)
Tangerine Ventures Private Limited is the primary company behind Enegma. The board of Tangerine Ventures Private Limited currently have 2 directors; the longest-serving is Sameer Mahajan, appointed in 2023. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sameer Mahajan DIN 10317877 | Director | 13 Sep 2023 | 3 yrs 1 mo | Tangerine Ventures Private Limited |
| Koyyamalai Pankajavalli Sri Prashanth DIN 10926935 | Director | 28 Jan 2025 | 1 yr 8 mo | Tangerine Ventures Private Limited |
People of Enegma
4 people are tracked at Enegma (2 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Prashanth K | Co-Founder | Leadership |
Hicham Oudghiri | CEO | Leadership |
Zohair Hussain | Founding Sales Executive | Team |
Anisha Nakhate | Founding Sales Executive | Team |
Complete people profiles for Enegma
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- Full employee list
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Financials of Enegma
Figures of Tangerine Ventures Private Limited, the primary company behind Enegma, for FY 2025. Revenue was ₹31,310. Net loss was -₹12.4 Lakh (-3961% margin). EBITDA was -₹14.7 Lakh (-4685% margin).
- ₹31,310Revenue · FY 2025
- -₹12.4 LakhNet loss · -3961% margin
- -₹14.7 LakhEBITDA · -4685% margin
- ₹4.5 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Tangerine Ventures Private Limited are on its company page.
Detailed financial statements for Enegma
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Similar companies to Enegma
Enegma has 10 listed similar companies in our database, 8 of them funded. They include Sage Group, Coupa, Airbase, Bizongo and Procurify, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sage.com | 1981 | United States | – | 1,877 | Cloud-based accounting and payroll solutions for small and medium businesses | |
| coupa.com | 2006 | San Mateo, United States | $169M | 643 | Cloud-based end-to-end spend management software is delivered for businesses. | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| procurify.com | 2012 | Vancouver, Canada | $82.49M | – | SaaS spend management software is used to automate procure-to-pay operations. | |
| ivalua.com | 2000 | Redwood, United States | $134.45M | 236 | Procurement management solutions are delivered for business operations. | |
| esker.com | 1985 | Middleton, United States | – | 223 | AI and cloud-enabled source-to-pay automation solutions are provided for businesses. | |
| sciquest.com | 1995 | Cary, United States | $63.8M | – | Cloud-based SaaS for procurement automation and spend management is offered. | |
| logicsource.com | 2009 | Norwalk, United States | $205.68M | 196 | Cloud-based sourcing and procurement solutions are provided for multiple industries. | |
| jaggaer.com | 1995 | Durham, United States | $37.5M | 363 | Web-based source-to-pay solutions are provided for key industries. |
Detailed similar companies of Enegma
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Top companies in API Management
10 companies that operate in the same segment as Enegma (API Management), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
API management software is provided for lifecycle development and monitoring. | 2004 | Alameda, California, United States | USD 45 M | – | – | |
Cloud-based API management and integration solutions are offered. | 2006 | San Francisco, California, United States | USD 259.35 M | – | 1,053 | |
Cloud-based API security is delivered via distributed tracing and analytics. | 2018 | San Francisco, California, United States | USD 110.25 M | – | – | |
Platform offering API hubs | 2014 | Tel Aviv, Tel Aviv, Israel | USD 272.5 M | – | 341 | |
Cloud-based robotic process automation software is developed and provided. | 2005 | Bucharest, Romania | USD 1.96 B | USD 1.61 B | 3,868 | |
Kong Inc. is recognized for providing a unified API platform. | 2009 | San Francisco, California, United States | USD 345 M | – | 1,085 | |
API design, testing, and management platform is developed for teams. | 2014 | San Francisco, California, United States | USD 433.98 M | – | 273 | |
API security is provided through AI-driven detection and protection. | 2016 | Palo Alto, California, United States | USD 280.86 M | – | 207 | |
API integration solutions are facilitated via a workflow platform. | 2019 | Los Angeles, California, United States | USD 21 M | – | – | |
API testing and monitoring tools are provided for developers. | 2016 | San Francisco, California, United States | USD 15.5 M | – | 9 |
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Frequently Asked Questions about Enegma
Enegma was founded in 2024.
Enegma is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Enegma, Tangerine Ventures Private Limited, reported revenue of ₹31,310 for FY 2025.
Enegma is an AI-driven procurement platform that manages processes from intake to payment, automating approvals, supplier management, and invoices. It uses intelligent tools to enhance efficiency and decision-making for enterprises. Based in Thane, Maharashtra, India, it serves businesses by streamlining operations and reducing costs through analytics and recommendations.
Enegma's top competitors include Coupa, Sage Group and Airbase.
Enegma offers Intake to Procure, Procure to Pay, and AP Automation.
Enegma operates through Tangerine Ventures Private Limited.
The legal entities of Enegma currently have 2 directors, including Sameer Mahajan, Koyyamalai Pankajavalli Sri Prashanth.