About Forthcode
Forthcode is a company based in Bengaluru (India) founded in 2008 by Ajith Balakumar. It operates as a SaaS (Software-as-a-Service) and Managed Services. Forthcode has raised $237.44 thousand across 2 funding rounds from investors including Metamax Technology Ventures and Faiz Mohammed Ismail Khalander Shah. Forthcode offers products and services including nGO Airlines, nGO Smart Retail, and IoT Modernization. Forthcode operates in a competitive market with competitors including Square, Zettle, ShopKeep, POSaBIT and Clip, among others.
- Headquarter Bengaluru, India
- Founders Ajith Balakumar
- Stage Minicorn
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Sectors
RetailTechnology Financial Services
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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 Forthcode Technologies India Private Limited
- Date of Incorporation 22 Jan, 2020
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$65.85 K (USD)0as on Mar 31, 2021
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Net Profit
$1.5 K (USD)0as on Mar 31, 2021
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EBITDA
$12.37 K (USD)0as on Mar 31, 2021
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Total Equity Funding
$237.44 K (USD)
in 2 rounds
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Latest Funding Round
$108.65 K (USD), Seed
Aug 30, 2023
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Investors
Metamax Technology Ventures
& 1 more
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Employee Count
Not available
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Products & Services of Forthcode
Forthcode offers a comprehensive portfolio of products and services, including nGO Airlines, nGO Smart Retail, and IoT Modernization.
Integrated platform for airlines to streamline ancillary revenue.
Cloud-based POS platform for retailers and wholesalers.
Cost-effective IoT solutions for enterprise efficiency gains.
Funding Insights of Forthcode
Forthcode has successfully raised a total of $237.44K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $108.65 thousand completed in August 2023. 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 Forthcode
Forthcode has secured backing from 2 investors, including institutional and angel investors. Prominent investors backing the company include Metamax Technology Ventures and Faiz Mohammed Ismail Khalander Shah.
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Faiz Mohammed Ismail Khalander Shah |
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Investor details for Forthcode
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Investments & Acquisitions by Forthcode
Investment portfolio details for Forthcode
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Financial Statements - Forthcode
Detailed financials for Forthcode
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- Profit trends
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Forthcode Comparisons
Peer comparison for Forthcode
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Competitors of Forthcode
Forthcode 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 Square, Zettle, ShopKeep, POSaBIT and Clip, among others.
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POS solutions are provided for retail businesses.
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Payment processing solutions are offered to merchants and businesses.
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Cloud-based point-of-sale software is provided for retailers and restaurants.
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POS software and hardware are provided for cannabis retailers.
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POS solutions are provided to offline retailers via mobile devices.
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White-label payment gateways are built for global e-commerce transactions.
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Detailed competitors of Forthcode
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Latest news on Forthcode
Complete news archive for Forthcode
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Frequently Asked Questions about Forthcode
Forthcode was founded in 2008 and raised its 1st funding round 14 years after it was founded.
Forthcode is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ajith Balakumar is the current CEO of Forthcode. They have also founded this company.
Forthcode is a funded company, having raised a total of $237.44K across 2 funding rounds to date.
Annual revenue of Forthcode is $65.85K as on Mar 31, 2021.
Forthcode is focused on creating customizable enterprise platforms and IoT-based modernization solutions. The company operates in sectors like airlines and retail, offering SaaS products such as nGO Airlines for ancillary revenue management and nGO Smart Retail as a cloud-based POS system. Additionally, IoT solutions are designed to enhance efficiency for enterprises. Partnerships with global technology providers and integrators are leveraged to ensure faster implementation and innovative outcomes for customers.
Forthcode offers nGO Airlines, nGO Smart Retail, and IoT Modernization.
Forthcode has 2 investors. Key investors include Metamax Technology Ventures, and Faiz Mohammed Ismail Khalander Shah.
The valuation of Forthcode is $10.99M as of Aug 2023.