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. 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.
High-speed fiber internet plans for home connectivity and streaming.
Mobile app for managing accounts and troubleshooting connections.
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series C — $11.5M
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First Round
First Round
(11 Oct 2018)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series C - Excitel | Valuation | Svetozar Georgiev , Stefan Ivanov |
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| Oct, 2018 | Amount | Series B - Excitel | Valuation | NEVEQ , Impetus Capital |
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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 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. 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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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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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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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 Excitel
| 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 - Excitel
| 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 |
Excitel Comparisons
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. 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 |
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Mobile and fixed-line telecommunication services are provided across Europe.
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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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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Excitel
Frequently Asked Questions about Excitel
When was Excitel founded?
Excitel was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Excitel located?
Excitel is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Excitel?
Vivek Raina is the current CEO of Excitel. They have also founded this company.
Is Excitel a funded company?
Excitel is a funded company, having raised a total of $16.11M across 2 funding rounds to date. The company's 1st funding round was a Series B of $4.61M, raised on Oct 11, 2018.
How many employees does Excitel have?
As of Apr 08, 2024, the latest employee count at Excitel is 2,442.
What is the annual revenue of Excitel?
Annual revenue of Excitel is $47.13M as on Mar 31, 2023.
What does Excitel do?
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.
Who are the top competitors of Excitel?
Excitel's top competitors include KPN, Ciena and Orange Polska.
What products or services does Excitel offer?
Excitel offers Broadband Plans and Excitel App.
Who are Excitel's investors?
Excitel has 8 investors. Key investors include Svetozar Georgiev, Stefan Ivanov, Hristo Tenchev, Svetlin Nakov, and Tenko Nikolov.
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