About Eterno Infotech
Eterno Infotech is a company based in Bengaluru (India) founded in 2005 was acquired by VerSe in March 2012.. Eterno Infotech has raised $1.17 million across 1 funding round from investors including Rediff.com and VerSe. The company has 279 employees as of April 09, 2024. Eterno Infotech offers products and services including Dailyhunt App and Advertising Solutions. Eterno Infotech operates in a competitive market with competitors including Kuaishou Technology, YouTube, Dailymotion, Triller and VerSe, among others.
- Headquarter Bengaluru, India
- Employees 279 as on 09 Apr, 2024
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
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- Legal Name Eterno Infotech Private Limited
- Date of Incorporation 11 Apr, 2005
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$73.78 M (USD)44.47as on Mar 31, 2023
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Net Profit
$1.53 M (USD)37.7as on Mar 31, 2023
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EBITDA
$9.98 M (USD)-9.05as on Mar 31, 2023
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Total Equity Funding
$1.17 M (USD)
in 1 rounds
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Latest Funding Round
$1.17 M (USD), Seed
Sep 11, 2008
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Investors
Rediff.com
& 1 more
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Employee Count
279
as on Apr 09, 2024
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Acquired by
VerSe
(Mar 15, 2012)
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Products & Services of Eterno Infotech
Eterno Infotech offers a comprehensive portfolio of products and services, including Dailyhunt App and Advertising Solutions. 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.
Mobile app for personalized news and content in local languages
Tools for brands to reach vernacular audiences via content aggregation
Funding Insights of Eterno Infotech
Eterno Infotech has successfully raised a total of $1.17M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.17 million completed in September 2008. 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 1
- Last Round Seed — $1.2M
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First Round
First Round
(11 Sep 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2008 | Amount | Seed - Eterno Infotech | Valuation | Rediff.com |
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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 Eterno Infotech
Eterno Infotech has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Rediff.com and VerSe. 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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News, email services, stock quotes, and expert advice are provided.
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Founded Year | Domain | Location | |
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Developer of a short-video platform and technology infrastructure
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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 Eterno Infotech
| 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 - Eterno Infotech
| 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 |
Eterno Infotech Comparisons
Competitors of Eterno Infotech
Eterno Infotech 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 Kuaishou Technology, YouTube, Dailymotion, Triller and VerSe, 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 |
Social platform for sharing short videos
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| domain | founded_year | HQ Location |
User-generated videos and content are shared and streamed online.
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| domain | founded_year | HQ Location |
Web and mobile video sharing and streaming platform
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| domain | founded_year | HQ Location |
Music videos are created and shared through a mobile platform.
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| domain | founded_year | HQ Location |
Developer of a short-video platform and technology infrastructure
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| domain | founded_year | HQ Location |
Short videos are shared via a mobile social networking platform.
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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 Eterno Infotech
When was Eterno Infotech founded?
Eterno Infotech was founded in 2005 and raised its 1st funding round 3 years after it was founded.
Where is Eterno Infotech located?
Eterno Infotech is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Eterno Infotech a funded company?
Eterno Infotech is a funded company, having raised a total of $1.17M across 1 funding round to date. The company's 1st funding round was a Seed of $1.17M, raised on Sep 11, 2008.
How many employees does Eterno Infotech have?
As of Apr 09, 2024, the latest employee count at Eterno Infotech is 279.
What is the annual revenue of Eterno Infotech?
Annual revenue of Eterno Infotech is $73.78M as on Mar 31, 2023.
What does Eterno Infotech do?
Eterno developsnbsp;software applications for MIDP and Symbian operating systems. Its products include a GPRS-based communication solution whichnbsp;allows the operator to generate and push out Indian language SMS. Its customers includenbsp;handset manufacturers, telecom operators, channel partners, system integrators, and online portals.nbsp;Rediff bought a minority stake in the company in 2008 andnbsp;exited its position when Verse acquired the company in 2012. It is widely known for its news application NewsHunt.
Who are the top competitors of Eterno Infotech?
Eterno Infotech's top competitors include Kuaishou Technology, YouTube and Dailymotion.
What products or services does Eterno Infotech offer?
Eterno Infotech offers Dailyhunt App and Advertising Solutions.
Who are Eterno Infotech's investors?
Eterno Infotech has 2 investors. Key investors include Rediff.com, and VerSe.
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