Foyer Technology

Chennai, India Founded: 2011 • Age: 15 yrs
Provider of application development, software testing, and AI services
Annual revenue $52,801 Latest available
Total funding $8.4M 1 rounds
Employees - Tracked headcount
Investors - Known backers
Products - Services tracked
Competitors 11 Brand Intelligence

About Foyer Technology

Foyer Technology is a company based in Chennai (India) founded in 2011. Foyer Technology has raised $8.36 million across 1 funding round. Foyer Technology operates in a competitive market with competitors including AlmavivA, Hedgehog lab, Hancom, AKQA and Waracle, among others.

  • Headquarter Chennai, India
  • Sectors
    Technology
  • Email
    Locked
  • Phone
    Locked
  • Website
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  • Social
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  • Legal Name Foyer Technology Private Limited
  • Date of Incorporation 26 Jul, 2011
  • Jurisdiction Tambaram, Tamil Nadu, India
Operational Areas
Technology → Enterprise IT Services & Distribution Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $52.8 K (USD)
    12.19
    as on Mar 31, 2022
  • Net Profit
    $3.21 K (USD)
    62.01
    as on Mar 31, 2022
  • EBITDA
    $8.69 K (USD)
    77.86
    as on Mar 31, 2022
  • Total Equity Funding
    $8.36 M (USD)

    in 1 rounds

  • Latest Funding Round
    $8.36 M (USD), Series A

    May 30, 2023

  • Investors
    Not available
  • Employee Count
    Not available
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People of Foyer Technology

Headcount 1-10
Employee Profiles 4
Employee Profiles
People
Sowmi Kannan
Human Resources Executive
People
Joseph Vinothkumar
Director
People
Karthik K
Software Developer

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Funding Insights of Foyer Technology

Foyer Technology has successfully raised a total of $8.36M through 1 strategic funding round. The most recent funding activity was a Series A round of $8.36 million completed in May 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.

Investments & Acquisitions by Foyer Technology

Investments
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Investment portfolio details for Foyer Technology

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Financial Statements - Foyer Technology

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Detailed financials for Foyer Technology

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Foyer Technology Comparisons

Foyer Technology Primary company
Description
Provider of application development, software testing, and A...
Location
Chennai, India
Founded Year
2011
Annual Revenue
$52.8 K (USD)
Net Profit
$3.21 K (USD)
EBITDA
$8.69 K (USD)
Employees
Not available
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Peer comparison for Foyer Technology

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Competitors of Foyer Technology

Foyer Technology 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 AlmavivA, Hedgehog lab, Hancom, AKQA and Waracle, among others.

Company Name Domain Founded year HQ Location Description
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IT services suite solutions are provided globally by AlmavivA.
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Mobile application development and UX design services are provided.
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Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions.
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Integrated digital marketing campaigns are developed and executed across channels.
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Mobile apps and IoT solutions are developed across platforms.
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IT services for application modernization and development are offered.
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Detailed competitors of Foyer Technology

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Latest news on Foyer Technology

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Complete news archive for Foyer Technology

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Frequently Asked Questions about Foyer Technology

Foyer Technology was founded in 2011 and raised its 1st funding round 12 years after it was founded.

Foyer Technology is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.

Foyer Technology is a funded company, having raised a total of $8.36M across 1 funding round to date.

Annual revenue of Foyer Technology is $52.8K as on Mar 31, 2022.

Foyer Technology, led by Patnaik Nalini Ranjan as Managing Director, specializes in providing business support, providing IT services, application development, and horizontal. Provider of application development, software testing, and AI services. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.

Foyer Technology's top competitors include Hedgehog lab, AlmavivA and AKQA.

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