About Formcept
Formcept is a Technology company based in Bengaluru (India) founded in 2011 by Suresh Srinivasan and Anuj Kumar. AI powered visual data analytics and decision support software. Formcept has raised $1.15 million across 2 funding rounds from investors including Gujarat Venture Finance, IIMA Ventures and Suresh Srinivasan. The company has 7 employees. Formcept was last valued at $4.1 million in June 2017. Its chief executive, as recorded, is Suresh Srinivasan. Its website formcept.com draws about 20 thousand monthly visits. Its Indian entity Formcept Technologies & Solutions Private Limited reported revenue of ₹1.45 Cr. Formcept offers products and services including MecBot and MecGPT. Its focus areas include Enterprise Applications, Big Data Analytics, Data Analytics and Suite.
Company details
Formcept was founded in 2011 and is based in Bengaluru, India. The company operates in the AI software sector, focusing on visual data analytics and decision support. A metaspace is provided for accessing and analyzing datasets, allowing insights to be extracted by teams. Natural language queries are supported for data interaction, alongside visualization tools to aid decision-making processes.
- Headquarters Bengaluru, India
- Employees 7
- Founders Suresh Srinivasan, Anuj Kumar
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Website formcept.com
- Social LinkedIn X Facebook YouTube
- Legal Name Formcept Technologies & Solutions Private Limited
- Date of Incorporation 10 Oct, 2011
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.45 Cr
FY 2023 · -22% YoY
- Net Loss-₹7.4 Lakh
FY 2023 · -5% margin
- EBITDA₹44.1 Lakh
FY 2023 · 30% margin
- Total Equity Funding$1.15M (USD)
in 2 rounds
- Latest Funding Round$1.08M (USD), Series A
Jun 2017
- InvestorsGujarat Venture Finance
& 4 more
- Employee Count7
Associated legal entities of Formcept
Formcept operates through Formcept Technologies & Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Formcept Technologies & Solutions Private Limited CIN U72900KA2011PTC060726 | Active | 10 Oct 2011 | Bangalore, Karnataka | ₹1.4 Cr | 7 | 3 | View details |
Products & Services of Formcept
Formcept offers a comprehensive portfolio of products and services, including MecBot and MecGPT.
Contextual data interpretation is offered for business users to analyze relationships and patterns.
Data relations are mapped and analyzed to draw conclusions from large datasets.
Apps and channels of Formcept
its YouTube channel FORMCEPT has 13 subscribers and 10 videos.
Videos from Formcept
The most watched videos on Formcept's YouTube channel, FORMCEPT (13 subscribers). Click a video to play it here.
More on FORMCEPT.
Funding Insights of Formcept
Formcept has successfully raised a total of $1.15M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.08 million completed in June 2017. 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 $1.15M
- Total Rounds 2
- Last Round Series A — $1.08M
- First Round $68,951
(Jul 2013)
- Investors Count 5
All 2 funding rounds of Formcept with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2017 | $1.08M | Series A | $4.1M | Gujarat Venture Finance | – |
| Jul 2013 | $68,951 | Seed | $1.44M | IIMA Ventures, CIIE |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2017 | $4.1M | •••••••• |
| Jul 2013 | $1.44M | •••••••• |
Last known valuation $4.1M (Jun 2017). 5 investors in total: 3 institutional and 2 angel.
Investors in Formcept
Formcept has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Gujarat Venture Finance, IIMA Ventures and Suresh Srinivasan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in Indian startups across multiple sectors. | 1990 | gvfl.com | Ahmedabad, India | |
Early-stage tech startups are supported via venture capital and acceleration. | iimaventures.com | Ahmedabad, India | ||
Startup incubator | ciie.co | Ahmedabad, India | ||
SS Suresh Srinivasan | Angel investor and tech entrepreneur, focused on early-stage Indian startups | unknown_55bcc14d6fb5445fa | ||
AK Anuj Kumar | Angel investor and entrepreneur, co-founder of Affle, active in tech startups | unknown_a70c25935b494233b |
Investor details for Formcept
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Formcept Technologies & Solutions Private Limited (Formcept)
Formcept Technologies & Solutions Private Limited is the primary company behind Formcept. The board of Formcept Technologies & Solutions Private Limited currently have 3 directors; the longest-serving is Suresh Srinivasan, appointed in 2011. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Suresh Srinivasan DIN 03612148 | Whole-time director | 10 Oct 2011 | 15 yrs 1 mo | Formcept Technologies & Solutions Private Limited |
| Anuj Kumar DIN 03612151 | Whole-time director | 10 Oct 2011 | 15 yrs 1 mo | Formcept Technologies & Solutions Private Limited |
| Mihirkumar Arvind Joshi DIN 00823615 | Nominee Director | 15 May 2018 | 8 yrs 5 mo | Formcept Technologies & Solutions Private Limited |
People of Formcept
6 people are tracked at Formcept (2 in leadership, 4 in team); the tracked headcount is 7.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Ankayarkanni R | Principal Engineer | Team |
Darwin J | Software Engineer | Team |
Harini Sri | Software Engineer | Team |
Aldo Sujin G | Software Engineer | Team |
Complete people profiles for Formcept
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Formcept
Figures of Formcept Technologies & Solutions Private Limited, the primary company behind Formcept, for FY 2023. Revenue was ₹1.45 Cr (-22% year on year). Net loss was -₹7.4 Lakh (-5% margin). EBITDA was ₹44.1 Lakh (30% margin). Revenue has grown at a compounded annual rate of -1% over three years and +5% over five years.
- ₹1.45 CrRevenue · FY 2023 · -22% YoY
- -₹7.4 LakhNet loss · -5% margin
- ₹44.1 LakhEBITDA · 30% margin
- ₹2.01 CrPaid-up capital
- 7Employees (provident fund records)
- -1%Revenue CAGR, 3 years
- +5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Formcept Technologies & Solutions Private Limited are on its company page.
Detailed financial statements for Formcept
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Formcept
4 dated milestones of Formcept across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Formcept is founded.
- Funding First funding round of $69K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $1.1M.
Web traffic of Formcept
The website of Formcept (formcept.com) receives about 20K visits a month.
- Monthly visits20K
▲ 433.3% vs previous month
Websites whose visitors overlap most with Formcept. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.co.in | 100% | 77M | #407 | View details | |
| engadget.com | 67% | 6.8M | #12,531 | View details |
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Related news about Formcept
Complete news archive for Formcept
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Frequently Asked Questions about Formcept
Formcept was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Formcept is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Suresh Srinivasan is the CEO of Formcept, as recorded in our data. They have also founded this company.
Formcept is a funded company, having raised a total of $1.15M across 2 funding rounds to date. The company's 1st funding round was a Seed of $68.95K, raised on Jul 2013.
Formcept has 7 employees.
The primary company behind Formcept, Formcept Technologies & Solutions Private Limited, reported revenue of ₹1.45 Cr for FY 2023, down 22% year on year.
Formcept was founded in 2011 and is based in Bengaluru, India. The company operates in the AI software sector, focusing on visual data analytics and decision support. A metaspace is provided for accessing and analyzing datasets, allowing insights to be extracted by teams. Natural language queries are supported for data interaction, alongside visualization tools to aid decision-making processes.
Formcept offers MecBot and MecGPT.
Formcept has 5 investors. Key investors include Gujarat Venture Finance, IIMA Ventures, Suresh Srinivasan, CIIE, and Anuj Kumar.
The valuation of Formcept is $4.1M as of Jun 2017.
Formcept operates through Formcept Technologies & Solutions Private Limited.
The legal entities of Formcept currently have 3 directors, including Suresh Srinivasan, Anuj Kumar, Mihirkumar Arvind Joshi.