About Excitel
Excitel is a company based in Delhi (India) founded in 2015 by Plamen Petkov, Victor Francess, Vivek Raina, and Nikolai Gorchilov. Excitel has raised $16.11 million across 2 funding rounds from investors including Svetozar Georgiev, Stefan Ivanov and Hristo Tenchev. The company has 2,442 employees as of April 08, 2024. Excitel offers products and services including Broadband Plans and Excitel App. Excitel operates in a competitive market with competitors including KPN, Orange Polska, Ciena, Hong Kong Broadband Network and FPT Telecom, among others.
- Headquarter Delhi, India
- Employees 2442 as on 08 Apr, 2024
- Founders Plamen Petkov, Victor Francess, Vivek Raina, Nikolai Gorchilov
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Sectors
Telecommunications
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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 Excitel Broadband Pvt Ltd
- Jurisdiction Delhi, India
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Annual Revenue
$47.13 M (USD)32.36as on Mar 31, 2023
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Net Profit
-$18.65 M (USD)-109.59as on Mar 31, 2023
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EBITDA
$23 M (USD)1.77as on Mar 31, 2023
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Total Equity Funding
$16.11 M (USD)
in 2 rounds
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Latest Funding Round
$11.5 M (USD), Series C
May 03, 2022
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Investors
NEVEQ
& 7 more
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Employee Count
2442
as on Apr 08, 2024
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Products & Services of Excitel
Excitel offers a comprehensive portfolio of products and services, including Broadband Plans and Excitel App.
High-speed fiber internet plans for home connectivity and streaming.
Mobile app for managing accounts and troubleshooting connections.
People of Excitel
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Funding Insights of Excitel
Excitel has successfully raised a total of $16.11M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $11.5 million completed in May 2022. 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 Excitel
Excitel has secured backing from 8 investors, including angel and venture fund investors. Prominent investors backing the company include Svetozar Georgiev, Stefan Ivanov and Hristo Tenchev.
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Seed, early, and growth-stage investments are made in Bulgarian ventures.
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Growth equity and expansion capital are invested in mid-sized firms.
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Investments in multiple sectors are managed by BlackPeak Capital.
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Investor details for Excitel
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Investments & Acquisitions by Excitel
Investment portfolio details for Excitel
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Financial Statements - Excitel
Detailed financials for Excitel
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Excitel Comparisons
Peer comparison for Excitel
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Competitors of Excitel
Excitel 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 KPN, Orange Polska, Ciena, Hong Kong Broadband Network and FPT Telecom, among others.
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Telephony, internet, and data transmission services are provided in Poland.
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Cloud-based network management software is provided for infrastructure planning.
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Provider of fibre optic broadband internet services
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Broadband internet, IPTV, and data services are offered in Vietnam.
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Telecom services provider in Israel
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Detailed competitors of Excitel
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Latest news on Excitel
Complete news archive for Excitel
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Frequently Asked Questions about Excitel
Excitel was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Excitel is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Vivek Raina is the current CEO of Excitel. They have also founded this company.
Excitel is a funded company, having raised a total of $16.11M across 2 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Excitel is 2,442.
Annual revenue of Excitel is $47.13M as on Mar 31, 2023.
Excitel was established in 2015 and is headquartered in Delhi, India. Fiber-optic internet services are delivered by the company within the telecommunications sector, emphasizing fiber-to-the-home connections. Unlimited high-speed plans are provided, along with free Wi-Fi routers, no installation charges, OTT and IPTV bundles, streaming app access, family protection features, relocation options, support services, and billing management. Operations target residential users across India.
Excitel's top competitors include KPN, Ciena and Orange Polska.
Excitel offers Broadband Plans and Excitel App.
Excitel has 8 investors. Key investors include Svetozar Georgiev, Stefan Ivanov, Hristo Tenchev, Svetlin Nakov, and Tenko Nikolov.