About Glitterbug
Glitterbug is a Technology company based in Mumbai (India) founded in 2010. It operates as a cloud computing, software development, and marketing services are offered. Glitterbug has raised $63.38 million across 8 funding rounds from investors including Accel, International Finance Corporation and Aegon. Glitterbug was last valued at $104.51 million in March 2019. Its Indian entity Coverstack Technologies Private Limited reported revenue of ₹56.00 Cr. Glitterbug offers products and services including Coverfox.com. Its focus areas include Business Services, IT Services and Suite. Its competitors include UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS and 5 more; 5 of its 10 listed competitors have raised funding.
Company details
Glitterbug was established in 2010 and operates from Mumbai, India. Services encompassing cloud computing, software development, and marketing solutions are delivered to support business needs. The company functions within the information technology sector, providing operational tools and strategies for clients across industries. Its online platform is accessible via glitterbug.in, facilitating service inquiries and engagements.
- Headquarters Mumbai, India
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Website glitterbug.in
- Social LinkedIn X
- Legal Name Coverstack Technologies Private Limited
- Date of Incorporation 15 Nov, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹56.00 Cr
FY 2025 · +1698% YoY
- Net Loss-₹11.71 Cr
FY 2025 · -21% margin
- EBITDA-₹5.97 Cr
FY 2025 · -11% margin
- Total Equity Funding$63.38M (USD)
in 8 rounds
- Latest Funding Round$7.32M (USD), Series B
Oct 2025
- InvestorsAccel
& 15 more
Associated legal entities of Glitterbug
Glitterbug operates through Coverstack Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Coverstack Technologies Private Limited CIN U72200MH2010PTC210076 | Active | 15 Nov 2010 | Mumbai, Maharashtra | ₹56.0 Cr | 54 | 5 | View details |
Products & Services of Glitterbug
Glitterbug offers a comprehensive portfolio of products and services, including Coverfox.com.
Online platform for insurance services in India.
Funding Insights of Glitterbug
Glitterbug has successfully raised a total of $63.38M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $7.32 million completed in October 2025. 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 $63.38M
- Total Rounds 8
- Last Round Series B — $7.32M
- First Round $2.11M
(Oct 2014)
- Investors Count 16
All 8 funding rounds of Glitterbug 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 |
|---|---|---|---|---|---|
| Oct 2025 | $7.32M | Series B | – | Elevar Equity | – |
| Mar 2019 | $13.56M | Series B | $104.51M | Accel | |
| Nov 2018 | $4.31M | Series B | $95.1M | AVANA Capital | |
| Jan 2018 | $14.8M | Series B | $••••• | Aegon | |
| May 2017 | $3.43M | Series A | $••••• | Transamerica Ventures | |
| Dec 2016 | $3.96M | Series A | $••••• | Accel | |
| Jul 2015 | $13.9M | Series A | $••••• | Accel | |
| Oct 2014 | $2.11M | Seed | $••••• | Accel, SAIF Partners |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2019 | $104.51M | •••••••• |
| Nov 2018 | $95.1M | •••••••• |
| Jan 2018 | $••••• | •••••••• |
| May 2017 | $••••• | •••••••• |
| Dec 2016 | $••••• | •••••••• |
| Jul 2015 | $••••• | •••••••• |
| Oct 2014 | $••••• | •••••••• |
Full valuation and stage history of Glitterbug
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $104.51M (Mar 2019). 16 investors in total: 9 institutional and 7 angel.
Investors in Glitterbug
Glitterbug has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accel, International Finance Corporation and Aegon.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | - | |
Corporate-backed venture capital firm focused on fintech, healthcare, and multiple sectors | – | transamericaventures.com | New York, United States | |
Elevation Capital is focused on early-stage tech investments in India. | – | elevationcapital.com | Delhi, India | |
Catamaran is engaged in venture capital and private equity investments. | – | catamaran.in | Bengaluru, India | |
- | – | elevarequity.com | - | |
Operations are focused on life insurance, pensions, and asset management. | 1844 | aegon.com | The Hague, Netherlands | |
Direct lending in real estate is provided by AVANA Capital. | 2002 | avanacapital.com | Glendale, United States | |
Multiple sectors in India are invested in by SAIF Partners. | – | saifpartners.com | Gurugram, India | |
AB Anjali Bansal | Founder of Avaana Capital, ex-McKinsey Partner, active angel investor | – | unknown_11da55b0aa5748d59 | - |
Investor details for Glitterbug
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 Coverstack Technologies Private Limited (Glitterbug)
Coverstack Technologies Private Limited is the primary company behind Glitterbug. The board of Coverstack Technologies Private Limited currently have 4 directors; the longest-serving is Sanjib Jha, appointed in 2020. 20 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjib Jha DIN 02277191 | Director | 21 Aug 2020 | 6 yrs 2 mo | Coverstack Technologies Private Limited |
| Rahul Dhanasing Bhapkar DIN 09337679 | Director | 01 Oct 2021 | 5 yrs | Coverstack Technologies Private Limited |
| Sandeep Singhal DIN 00422796 | Additional Director | 04 Oct 2025 | 1 yr | Coverstack Technologies Private Limited |
| Jyotsna Krishnan DIN 06572288 | Nominee Director | 20 Nov 2025 | 11 mo | Coverstack Technologies Private Limited |
Financials of Glitterbug
Figures of Coverstack Technologies Private Limited, the primary company behind Glitterbug, for FY 2025. Revenue was ₹56.00 Cr (+1698% year on year). Net loss was -₹11.71 Cr (-21% margin). EBITDA was -₹5.97 Cr (-11% margin). Revenue has grown at a compounded annual rate of +161% over three years and +40% over five years.
- ₹56.00 CrRevenue · FY 2025 · +1698% YoY
- -₹11.71 CrNet loss · -21% margin
- -₹5.97 CrEBITDA · -11% margin
- ₹13.7 LakhPaid-up capital
- 54Employees (provident fund records)
- +161%Revenue CAGR, 3 years
- +40%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Coverstack Technologies Private Limited are on its company page.
Detailed financial statements for Glitterbug
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 Glitterbug
4 dated milestones of Glitterbug across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Glitterbug is founded.
- Funding First funding round of $2.1M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $7.3M.
Competitors of Glitterbug
Glitterbug has 10 listed competitors in our database, 5 of them funded. They include UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ust.com.tw | 1998 | Taiwan | – | – | High-quality office furniture is provided by UST for various needs. | |
| nttdata.com | 1967 | Koto, Japan | – | 4 | Application development, cloud, cybersecurity, and business intelligence services are provided. | |
| reply.com | 1996 | Turin, Italy | $24.33M | – | AI, cloud, and blockchain services are provided globally. | |
| globant.com | 2003 | Buenos Aires, Argentina | $30M | 564 | IT and digital transformation services are delivered to various industries. | |
| ionos.com | 1988 | Chesterbrook, United States | – | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | |
| genpact.com | 1997 | New York, United States | – | 129,140 | Provider of end-to-end business process outsourcing services | |
| accenture.com | 1989 | Dublin, Ireland | – | 29 | IT and management consultancy services are provided globally. | |
| persistent.com | 1990 | Pune, India | $18.8M | 20,909 | IT consulting, data analytics, and digital transformation services are provided. | |
| epam.com | 1993 | Newtown Square, United States | $50M | – | Provider of software development, data analytics, and other IT suite services | |
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. |
Detailed competitors of Glitterbug
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in IT Services & Operations
10 companies that operate in the same segment as Glitterbug (IT Services & Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | 1,898 | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 5,196 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | 7,596 | |
IT outsourcing services are delivered across multiple business lines. | 2011 | Bengaluru, Karnataka, India | USD 64.83 M | USD 246.74 M | 5,260 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 |
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Frequently Asked Questions about Glitterbug
Glitterbug was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Glitterbug is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Glitterbug is a funded company, having raised a total of $63.38M across 8 funding rounds to date. The company's 1st funding round was a Seed of $2.11M, raised on Oct 2014.
The primary company behind Glitterbug, Coverstack Technologies Private Limited, reported revenue of ₹56.00 Cr for FY 2025, up 1698% year on year.
Glitterbug was established in 2010 and operates from Mumbai, India. Services encompassing cloud computing, software development, and marketing solutions are delivered to support business needs. The company functions within the information technology sector, providing operational tools and strategies for clients across industries. Its online platform is accessible via glitterbug.in, facilitating service inquiries and engagements.
Glitterbug's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
Glitterbug offers Coverfox.com.
Glitterbug has 16 investors. Key investors include Accel, International Finance Corporation, Aegon, AVANA Capital, and Transamerica Ventures.
The valuation of Glitterbug is $104.51M as of Mar 2019.
Glitterbug operates through Coverstack Technologies Private Limited.
The legal entities of Glitterbug currently have 5 directors, including Sanjib Jha, Rahul Dhanasing Bhapkar, Sanjib Kumar Jha and others.