About Eternus Solutions
Eternus Solutions is a company based in Pune (India) founded in 2010 by Jitendra Tanna was acquired by InfoBeans in October 2021.. Eternus Solutions has raised $176.12 thousand across 1 funding round from investors including InfoBeans, Navinchandra Lakhani and Shital Pandit. Eternus Solutions operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Pune, India
- Founders Jitendra Tanna
- Stage Minicorn
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Infobeans Cloudtech Limited
- Date of Incorporation 14 Oct, 2010
- Jurisdiction Indore, Madhya Pradesh, India
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Annual Revenue
$5.55 M (USD)37.68as on Mar 31, 2021
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Net Profit
$1.18 M (USD)329.25as on Mar 31, 2021
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EBITDA
$1.68 M (USD)206.17as on Mar 31, 2021
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Total Equity Funding
$176.12 K (USD)
in 1 rounds
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Latest Funding Round
$176.12 K (USD), Seed
Aug 13, 2011
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Investors
InfoBeans
& 7 more
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Employee Count
Employee Count
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Acquired by
InfoBeans
(Oct 28, 2021)
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Funding Insights of Eternus Solutions
Eternus Solutions has successfully raised a total of $176.12K through 1 strategic funding round. The most recent funding activity was a Seed round of $176.12 thousand completed in August 2011. 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 — $176,121
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First Round
First Round
(13 Aug 2011)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2011 | Amount | Seed - Eternus Solutions | Valuation | Priyanka Malhotra |
| 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 Eternus Solutions
Eternus Solutions has secured backing from 8 investors, including angel and institutional investors. Prominent investors backing the company include InfoBeans, Navinchandra Lakhani and Shital Pandit. 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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Software solutions are developed for global enterprises across verticals.
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Founded Year | Domain | Location | |
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NL
Navinchandra Lakhani |
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Founded Year | Domain | Location |
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SP
Shital Pandit |
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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 Eternus Solutions
| 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 - Eternus Solutions
| 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 |
Eternus Solutions Comparisons
Competitors of Eternus Solutions
Eternus Solutions 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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Frequently Asked Questions about Eternus Solutions
When was Eternus Solutions founded?
Eternus Solutions was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Eternus Solutions located?
Eternus Solutions is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Eternus Solutions?
Jitendra Tanna is the current CEO of Eternus Solutions. They have also founded this company.
Is Eternus Solutions a funded company?
Eternus Solutions is a funded company, having raised a total of $176.12K across 1 funding round to date. The company's 1st funding round was a Seed of $176.12K, raised on Aug 13, 2011.
What is the annual revenue of Eternus Solutions?
Annual revenue of Eternus Solutions is $5.55M as on Mar 31, 2021.
What does Eternus Solutions do?
Eternus Solutions was founded in 2010 and is headquartered in Pune, India. IT services are provided by the company, focusing on application development, consulting, and data analytics. Operations are centered in the technology sector, with support for various business needs through customized solutions. The firm is led by its founder and CEO, Jitendra Tanna.
Who are the top competitors of Eternus Solutions?
Eternus Solutions's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Who are Eternus Solutions's investors?
Eternus Solutions has 8 investors. Key investors include InfoBeans, Navinchandra Lakhani, Shital Pandit, Priyanka Malhotra, and Harbinder Saini.
What is Eternus Solutions's valuation?
The valuation of Eternus Solutions is $1.78M as of Aug 2011.
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