About Gray Matters India
Gray Matters India is an Education company based in Hyderabad (India) founded in 2013, and was acquired by ConveGenius in August 2020. Education administration programs are provided by Gray Matters India. Gray Matters India has raised $1.33 million across 2 funding rounds from investors including ConveGenius, Michael & Susan Dell Foundation and Gray Matters Capital. The company has 32 employees. Gray Matters India was last valued at $2.98 million in October 2015. Its Indian entity Convegenius Insights Private Limited reported revenue of ₹9.94 Cr. Its focus areas include Educational Support Services, B2B and Diversified.
Company details
Gray Matters India was founded in 2013 and is headquartered in Hyderabad, India. Operations focus on the education sector, where administration programs are delivered to support institutional management and efficiency. Services include program development and implementation tailored for educational organizations. The company maintains an online presence through its domain, graymatters.in, facilitating access to resources and consultations across India. Activities emphasize practical solutions for administrative challenges in education.
- Headquarters Hyderabad, India
- Employees 32
- Stage Acquired
- SectorsEducation
- Phone•••• ••••
- Website graymatters.in
- Social X Facebook
- Acquired by ConveGenius (Aug 2020)
- Legal Name Convegenius Insights Private Limited
- Date of Incorporation 20 Sep, 2013
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹9.94 Cr
FY 2025 · +3% YoY
- Net Profit₹38.1 Lakh
FY 2025 · 4% margin
- EBITDA₹99.6 Lakh
FY 2025 · 10% margin
- Total Equity Funding$1.33M (USD)
in 2 rounds
- Latest Funding Round$615.6K (USD), Seed
Oct 2015
- InvestorsConveGenius
& 3 more
- Employee Count32
- Acquired byConveGenius
(Aug 2020)
Associated legal entities of Gray Matters India
Gray Matters India operates through Convegenius Insights 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 |
|---|---|---|---|---|---|---|---|
| Convegenius Insights Private Limited CIN U80301TG2013FTC090121 | Active | 20 Sep 2013 | Hyderabd, Telangana | ₹9.9 Cr | 32 | 2 | View details |
Funding Insights of Gray Matters India
Gray Matters India has successfully raised a total of $1.33M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $615.6 thousand completed in October 2015. 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 $1.33M
- Total Rounds 2
- Last Round Seed — $615,604
- First Round $717,844
(Jan 2014)
- Investors Count 3
All 2 funding rounds of Gray Matters India 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 2015 | $615,604 | Seed | $2.98M | Gray Matters Capital, Michael & Susan Dell Foundation | – |
| Jan 2014 | $717,844 | Seed | $2.36M | Michael & Susan Dell Foundation |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2015 | $2.98M | •••••••• |
| Jan 2014 | $2.36M | •••••••• |
Last known valuation $2.98M (Oct 2015). 4 investors in total: 4 institutional.
Investors in Gray Matters India
Gray Matters India has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include ConveGenius, Michael & Susan Dell Foundation and Gray Matters Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Potato farming, grain marketing, and equipment services in Maine. | 2006 | graymatterscap.com | Atlanta, United States | |
A foundation focused on transforming lives through education and health. | 1999 | dell.org | Austin, United States | |
Education and poverty initiatives are funded by the foundation. | msdf.org | Austin, United States | ||
AI-powered platforms are developed for personalized educational learning and assessments. | 2013 | convegenius.com | Noida, India |
Investor details for Gray Matters India
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Convegenius Insights Private Limited (Gray Matters India)
Convegenius Insights Private Limited is the primary company behind Gray Matters India. The board of Convegenius Insights Private Limited currently have 2 directors; the longest-serving is Jairaj Bhattacharya, appointed in 2020. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jairaj Bhattacharya DIN 06449290 | Director | 30 Jul 2020 | 6 yrs 3 mo | Convegenius Insights Private Limited |
| Shashank Pandey DIN 06449289 | Director | 30 Jul 2020 | 6 yrs 3 mo | Convegenius Insights Private Limited |
Financials of Gray Matters India
Figures of Convegenius Insights Private Limited, the primary company behind Gray Matters India, for FY 2025. Revenue was ₹9.94 Cr (+3% year on year). Net profit was ₹38.1 Lakh (4% margin). EBITDA was ₹99.6 Lakh (10% margin). Revenue has grown at a compounded annual rate of +50% over three years and +11% over five years.
- ₹9.94 CrRevenue · FY 2025 · +3% YoY
- ₹38.1 LakhNet profit · 4% margin
- ₹99.6 LakhEBITDA · 10% margin
- ₹1.8 LakhPaid-up capital
- 32Employees (provident fund records)
- +50%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Convegenius Insights Private Limited are on its company page.
Detailed financial statements for Gray Matters India
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Gray Matters India
5 dated milestones of Gray Matters India across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Gray Matters India is founded.
- Funding First funding round of $718K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $616K.
- Exit Acquired by ConveGenius.
Top companies in Educational Support & Administration Systems
2 companies that operate in the same segment as Gray Matters India (Educational Support & Administration Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Management services to the education sector are provided. | 2014 | Hyderabad, Telangana, India | USD 75 M | USD 285.42 M | 12,084 | |
Education services are provided to schools and institutes. | 2010 | Bengaluru, Karnataka, India | USD 194 M | USD 52.3 M | 701 |
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Frequently Asked Questions about Gray Matters India
Gray Matters India was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Gray Matters India is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Gray Matters India is a funded company, having raised a total of $1.33M across 2 funding rounds to date. The company's 1st funding round was a Seed of $717.84K, raised on Jan 2014.
Gray Matters India has 32 employees.
The primary company behind Gray Matters India, Convegenius Insights Private Limited, reported revenue of ₹9.94 Cr for FY 2025, up 3% year on year.
Gray Matters India was founded in 2013 and is headquartered in Hyderabad, India. Operations focus on the education sector, where administration programs are delivered to support institutional management and efficiency. Services include program development and implementation tailored for educational organizations. The company maintains an online presence through its domain, graymatters.in, facilitating access to resources and consultations across India. Activities emphasize practical solutions for administrative challenges in education.
Gray Matters India has 4 investors. Key investors include ConveGenius, Michael & Susan Dell Foundation, Gray Matters Capital, and MSDF.
The valuation of Gray Matters India is $2.98M as of Oct 2015.
Gray Matters India operates through Convegenius Insights Private Limited.
Yes. Gray Matters India was acquired by ConveGenius in August 2020.
The legal entities of Gray Matters India currently have 2 directors, including Jairaj Bhattacharya, Shashank Pandey.