About Formidium
Formidium is a company based in Downers Grove (United States) founded in 2016 by Shalin Madan, Nitin Somani, Manish Agrawal, Manish Sudrania, and Nilesh Sudrania.. The company has 1 employees as of December 15, 2024. Formidium has completed 1 acquisition, including Triple Leo Consulting. Formidium operates in a competitive market with competitors including Multrees Investor Services, ASCENT, FundAdminChain, Embankment and White Plume Technologies, among others.
- Headquarter Downers Grove, United States
- Employees 1 as on 15 Dec, 2024
- Founders Shalin Madan, Nitin Somani, Manish Agrawal, Manish Sudrania, Nilesh Sudrania
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Sectors
Financial ServicesTechnology
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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 Formidium Ifsc Private Limited
- Date of Incorporation 17 May, 2024
- Jurisdiction Gandhi Nagar, Gujarat, India
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
1
as on Dec 15, 2024
- Investments & Acquisitions
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Funding Insights of Formidium
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2020 | Amount | Seed - Formidium | Valuation |
investors |
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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 |
Investments & Acquisitions by Formidium
Formidium has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Triple Leo Consulting. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of operational consulting services
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Formidium
| 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 |
Formidium Comparisons
Competitors of Formidium
Formidium 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 Multrees Investor Services, ASCENT, FundAdminChain, Embankment and White Plume Technologies, 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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| domain | founded_year | HQ Location |
Modular wealth management outsourcing services are provided.
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| domain | founded_year | HQ Location |
Fund administration, corporate, and fintech solutions are provided.
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| domain | founded_year | HQ Location |
Digital platform connects fund investors, managers, and service providers.
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| domain | founded_year | HQ Location |
Fund administration services are offered to alternative investment managers.
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| domain | founded_year | HQ Location |
Automated charge capture and medical coding software solutions for healthcare providers
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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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Latest news on Formidium
Frequently Asked Questions about Formidium
When was Formidium founded?
Formidium was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Formidium located?
Formidium is headquartered in Downers Grove, United States. It is registered at Downers Grove, Illinois, United States.
Who is the current CEO of Formidium?
Nilesh Sudrania is the current CEO of Formidium. They have also founded this company.
How many employees does Formidium have?
As of Dec 15, 2024, the latest employee count at Formidium is 1.
What does Formidium do?
Formidium was founded in 2016 and is headquartered in Downers Grove, United States. Fund administration and tax services are delivered through technology-enabled platforms, targeting investment funds. Operations incorporate AI and blockchain elements in sales and marketing processes. Core activities focus on administrative support and compliance for fund managers, with services extending to diverse fund structures across the financial sector.
Who are the top competitors of Formidium?
Formidium's top competitors include ASCENT, Multrees Investor Services and FundAdminChain.
How many acquisitions has Formidium made?
Formidium has made 1 acquisition, including Triple Leo Consulting.
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