About Engage IT Services
Engage IT Services is a company based in Bengaluru (India) founded in 2008 by Naresh Munipalli was acquired by Elys Game Technology in February 2023. It operates as a Managed Services, and White Label. Engage IT Services has raised $14.85 thousand across 2 funding rounds from investors including Elys Game Technology, Naveen B and Narayanan Chandramathi. The company has 30 employees as of April 08, 2024. Engage IT Services offers products and services including RADIS IT, ENGAGE 365, and AUTOMATE IT. Engage IT Services operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Bengaluru, India
- Employees 30 as on 08 Apr, 2024
- Founders Naresh Munipalli
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Engage It Services Pvt Ltd
- Date of Incorporation 29 Nov, 2011
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$900.2 K (USD)-30.71as on Mar 31, 2022
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Net Profit
$156.41 K (USD)-60.26as on Mar 31, 2022
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EBITDA
$162.32 K (USD)-67.64as on Mar 31, 2022
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Total Equity Funding
$14.85 K (USD)
in 2 rounds
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Latest Funding Round
$14.85 K (USD), Angel Round
Mar 30, 2015
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Investors
Elys Game Technology
& 4 more
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Employee Count
30
as on Apr 08, 2024
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Acquired by
Elys Game Technology
(Feb 02, 2023)
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Products & Services of Engage IT Services
Engage IT Services offers a comprehensive portfolio of products and services, including RADIS IT, ENGAGE 365, and AUTOMATE IT. 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.
IT solutions are provided for managed service providers.
Continuous IT support is offered for client infrastructure.
Automation tools are designed for IT operation efficiency.
Funding Insights of Engage IT Services
Engage IT Services has successfully raised a total of $14.85K across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $14.85 thousand completed in March 2015. 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 Angel Round — $14,849
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2015 | Amount | Angel Round - Engage IT Services | Valuation | Naveen B | |
| Mar, 2014 | Amount | Angel Round - Engage IT Services | Valuation | Naveen B |
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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 Engage IT Services
Engage IT Services has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Elys Game Technology, Naveen B and Narayanan Chandramathi. 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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NB
Naveen B |
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Founded Year | Domain | Location |
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NC
Narayanan Chandramathi |
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Founded Year | Domain | Location |
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PN
Pratima Naresh |
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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 Engage IT Services
| 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 - Engage IT Services
| 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 |
Engage It Services Comparisons
Competitors of Engage IT Services
Engage IT Services 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 UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, 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 |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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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 Engage It Services
Frequently Asked Questions about Engage IT Services
When was Engage IT Services founded?
Engage IT Services was founded in 2008 and raised its 1st funding round 6 years after it was founded.
Where is Engage IT Services located?
Engage IT Services is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Engage IT Services a funded company?
Engage IT Services is a funded company, having raised a total of $14.85K across 2 funding rounds to date.
How many employees does Engage IT Services have?
As of Apr 08, 2024, the latest employee count at Engage IT Services is 30.
What is the annual revenue of Engage IT Services?
Annual revenue of Engage IT Services is $900.2K as on Mar 31, 2022.
What does Engage IT Services do?
IT infrastructure solutions are designed, deployed, and managed for managed service providers worldwide. Services cover advanced technology areas including network, IP voice, convergence security, wireless, storage virtualization, datacenter, and cloud. Support is provided through white label managed services and enterprise-level assistance. Operations are maintained 247365 with proactive monitoring, data center management, and security operations.
Who are the top competitors of Engage IT Services?
Engage IT Services's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does Engage IT Services offer?
Engage IT Services offers RADIS IT, ENGAGE 365, and AUTOMATE IT.
Who are Engage IT Services's investors?
Engage IT Services has 5 investors. Key investors include Elys Game Technology, Naveen B, Narayanan Chandramathi, Pratima Naresh, and Naresh Munipalli.
What is Engage IT Services's valuation?
The valuation of Engage IT Services is $200.94K as of Mar 2015.