About Evolute
Evolute is a company based in Mumbai (India) founded in 1970 by Amit Mehta, Ramachandra Babu Hanumanthappa, and Amitha Mehta. It operates as a FinTech and Direct-to-Consumer (D2C). Evolute has raised $240.67 thousand across 2 funding rounds from investors including Vertex Financial Solutions. Evolute offers products and services including Fintech Innovations, Cleantech Solutions, Industrial Electronics, and Digital Payment Solutions. Evolute operates in a competitive market with competitors including Ezetap, Presto, Mswipe, ITAB and Innoviti, among others.
- Headquarter Mumbai, India
- Founders Amit Mehta, Ramachandra Babu Hanumanthappa, Amitha Mehta
- Stage Minicorn
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Sectors
RetailFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Evolute Group
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Annual Revenue
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Net Profit
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EBITDA
Not available
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Total Equity Funding
$240.67 K (USD)
in 2 rounds
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Latest Funding Round
$45.09 K (USD), Unspecified
Oct 31, 2011
- Investors
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Employee Count
Not available
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Products & Services of Evolute
Evolute offers a comprehensive portfolio of products and services, including Fintech Innovations, Cleantech Solutions, Industrial Electronics, and Digital Payment Solutions.
Solutions for payments and biometric authentication are provided.
Energy storage and alternative energy systems are developed.
Components for IoT and automation are manufactured here.
Merchant acquiring and retail digitization solutions are offered.
Funding Insights of Evolute
Evolute has successfully raised a total of $240.67K across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $45.09 thousand completed in October 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.
Investors in Evolute
Evolute has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Vertex Financial Solutions.
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Investor details for Evolute
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Investments & Acquisitions by Evolute
Investment portfolio details for Evolute
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Evolute
Detailed financials for Evolute
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
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Evolute Comparisons
Peer comparison for Evolute
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of Evolute
Evolute 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 Ezetap, Presto, Mswipe, ITAB and Innoviti, among others.
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Cloud-based mPOS software and hardware solutions are provided for businesses.
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Drive-through automation solutions for restaurants are provided using AI.
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Point-of-sale machines, soundboxes, and merchant payment solutions are offered.
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Self-checkout solutions are provided for retail businesses worldwide.
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Integrated online and offline payment solutions are provided for businesses.
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App-based self-checkout is enabled for offline retail stores.
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Detailed competitors of Evolute
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
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Verified entity values are shown only after access is granted.
Latest news on Evolute
Complete news archive for Evolute
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Frequently Asked Questions about Evolute
Evolute was founded in 1970 and raised its 1st funding round 40 years after it was founded.
Evolute is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Evolute is a funded company, having raised a total of $240.67K across 2 funding rounds to date.
Evolute, based in India, is established as a prominent electronic technology conglomerate. Operations are focused on fintech, cleantech, and industrial electronics sectors. Solutions in digital payments, biometric authentication, energy storage, and power management are developed to serve diverse ecosystems, including remote areas globally. A commitment to the triple bottom line of people, planet, and profits is maintained through indigenous technology. Growth strategies under Vision 2025 are being implemented to achieve long-term goals across brand, culture, and digital transformation.
Evolute offers Fintech Innovations, Cleantech Solutions, Industrial Electronics, and Digital Payment Solutions.
Evolute has 1 investor. Key investors include Vertex Financial Solutions.
The valuation of Evolute is $5.69M as of Oct 2011.