About Fornax Consulting
Fornax Consulting is a company based in Bengaluru (India) founded in 2020 by Subrata Nag. Fornax Consulting has raised $19.67 million across 4 funding rounds from investors including Carpediem Capital Partners, Livermore Investments Group and Duane Ventures. The company has 5 employees as of April 08, 2024. Fornax Consulting has completed 1 acquisition, including Oremus Corp. Fornax Consulting offers products and services including BPO Services, Staffing Services, Payroll Services, and IT Staffing. Fornax Consulting operates in a competitive market with competitors including Genpact, Datamatics, Quess, Sutherland and TaskUs, among others.
- Headquarter Bengaluru, India
- Employees 5 as on 08 Apr, 2024
- Founders Subrata Nag
- Stage Minicorn
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Sectors
Business Services
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Phone
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Website
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Social
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- Legal Name Fornax Corporate Services Private Limited
- Date of Incorporation 19 Jun, 2020
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$27.35 K (USD)0as on Mar 31, 2023
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Net Profit
-$157.09 K (USD)-130648540as on Mar 31, 2023
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EBITDA
-$119.75 K (USD)-99595650as on Mar 31, 2023
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Total Equity Funding
$19.67 M (USD)
in 4 rounds
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Latest Funding Round
$6.73 M (USD), Series A
Apr 17, 2024
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Investors
Carpediem Capital Partners
& 8 more
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Employee Count
5
as on Apr 08, 2024
- Investments & Acquisitions
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Products & Services of Fornax Consulting
Fornax Consulting offers a comprehensive portfolio of products and services, including BPO Services, Staffing Services, Payroll Services, and IT Staffing.
Delivers revenue cycle management for healthcare.
Provides temporary staffing for banks and manufacturing.
Handles payroll processing and tax management.
Offers IT roles like developers and architects.
Funding Insights of Fornax Consulting
Fornax Consulting has successfully raised a total of $19.67M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $6.73 million completed in April 2024. 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 Fornax Consulting
Fornax Consulting has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Carpediem Capital Partners, Livermore Investments Group and Duane Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments in Indian SMEs focusing on consumption opportunities and growth capital provision.
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Duane Ventures is engaged in startup investment activities.
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Single family office venture capital fund backed by GCC business family
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Investor details for Fornax Consulting
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Investments & Acquisitions by Fornax Consulting
Fornax Consulting has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Oremus Corp.
Investment portfolio details for Fornax Consulting
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Accounting, payroll, compliance, and advisory services are provided by Oremus.
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Complete acquisition details for Fornax Consulting
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Financial Statements - Fornax Consulting
Detailed financials for Fornax Consulting
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Fornax Consulting Comparisons
Peer comparison for Fornax Consulting
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Competitors of Fornax Consulting
Fornax Consulting 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 Genpact, Datamatics, Quess, Sutherland and TaskUs, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of end-to-end business process outsourcing services
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Cloud-based text analytics and cognitive automation services are provided.
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Provider of outsourcing and business services
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Business process and technology management services are provided globally.
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Provider of customer care and back office support services for multiple sectors
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Electricity generation and distribution are provided in eastern India.
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Detailed competitors of Fornax Consulting
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Latest news on Fornax Consulting
Complete news archive for Fornax Consulting
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Frequently Asked Questions about Fornax Consulting
Fornax Consulting was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Fornax Consulting is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Subrata Nag is the current CEO of Fornax Consulting. They have also founded this company.
Fornax Consulting is a funded company, having raised a total of $19.67M across 4 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Fornax Consulting is 5.
Annual revenue of Fornax Consulting is $27.35K as on Mar 31, 2023.
Fornax Consulting was established in 2020 and is based in Bengaluru, India. Services are offered across business strategy, operations, technology, finance, and related areas within the consulting sector. Operations focus on delivering advisory support to clients, with expertise led by founder Subrata Nag, who serves as CEO and managing director. The firm operates primarily from its Indian headquarters, addressing needs in professional services.
Fornax Consulting's top competitors include Quess, Datamatics and TaskUs.
Fornax Consulting offers BPO Services, Staffing Services, Payroll Services, and IT Staffing.
Fornax Consulting has made 1 acquisition, including Oremus Corp.
Fornax Consulting has 9 investors. Key investors include Carpediem Capital Partners, Livermore Investments Group, Duane Ventures, Cardbytes Digital Solutions, and Zent International.
The valuation of Fornax Consulting is $26.47M as of Jan 2024.