About Idealake
Idealake is a company based in Mumbai (India) founded in 2000 by Sudhir Shetty and Viraj Savant. It operates as a B2B. Idealake has raised $178.89 thousand across 1 funding round from investors including Lastaki, Dev Raman and Asit Shah. The company has 139 employees. Idealake operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Mumbai, India
- Employees 139
- Founders Sudhir Shetty, Viraj Savant
- Stage Minicorn
- SectorsBusiness Services
- Email••••••••
- Website idealake.com
- Social LinkedIn Facebook Instagram
- Legal Name Idea Lake Information Technologies Private Limited
- Date of Incorporation 24 May, 2000
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹26.45 Cr
FY 2025 · +30% YoY
- Net Profit₹2.23 Cr
FY 2025 · 8% margin
- EBITDA₹3.40 Cr
FY 2025 · 13% margin
- Total Equity Funding$178.89K (USD)
in 1 rounds
- Latest Funding Round$178.89K (USD), Unspecified
Jul 2012
- InvestorsLastaki
& 6 more
- Employee Count139
Associated legal entities of Idealake
Idealake operates through Idea Lake Information 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 |
|---|---|---|---|---|---|---|---|
| Idea Lake Information Technologies Private Limited CIN U72900MH2000PTC126724 | Active | 24 May 2000 | Mumbai, Maharashtra | ₹26.5 Cr | 139 | 2 | View details |
Funding Insights of Idealake
Idealake has successfully raised a total of $178.89K through 1 strategic funding round. The most recent funding activity was a Unspecified round of $178.89 thousand completed in July 2012. 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 $178,891
- Total Rounds 1
- Last Round Unspecified — $178,891
- First Round $178,891
(Jul 2012)
- Investors Count 7
All 1 funding rounds of Idealake with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Jul 2012 | $1.66M | •••••••• |
Last known valuation $1.66M (Jul 2012). 7 investors in total: 1 institutional and 6 angel.
Investors in Idealake
Idealake has secured backing from 7 investors, including institutional and angel investors. Prominent investors backing the company include Lastaki, Dev Raman and Asit Shah.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment banking and advisory services for mid-market businesses and startups. | 2002 | lastaki.com | Mumbai, India | |
DR Dev Raman | Managing Partner at DSP Group, active angel investor in Indian startups | – | unknown_ea65f3acb1864ae08 | - |
AS Asit Shah | Angel investor and entrepreneur, co-founder of Hetvi Group, active in Indian startups | – | unknown_61dd6013fe1f4b3f8 | - |
DS Deb Sudeep | - | – | unknown_ce7fa726c6b74ae48 | - |
SV Sandeep Vasant Mulay | - | – | unknown_7bd1bad457204a118 | - |
DR Dev Raman | - | – | unknown_4d79135b5f234febb | - |
AS Asit Shah | - | – | unknown_01959ba005704737b | - |
Investor details for Idealake
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 Idea Lake Information Technologies Private Limited (Idealake)
Idea Lake Information Technologies Private Limited is the primary company behind Idealake. The board of Idea Lake Information Technologies Private Limited currently have 2 directors; the longest-serving is Ganviraj Krishnanand Savant, appointed in 2000. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ganviraj Krishnanand Savant DIN 01582884 | Director | 24 May 2000 | 26 yrs 4 mo | Idea Lake Information Technologies Private Limited |
| Asha Krishnanand Sawant DIN 02112950 | Director | 24 May 2000 | 26 yrs 4 mo | Idea Lake Information Technologies Private Limited |
People of Idealake
12 people are tracked at Idealake (7 in leadership, 5 in team); the tracked headcount is 139.
| Name | Role | Group |
|---|---|---|
Sudhir Shetty | Co-Founder, COO | Leadership |
Viraj Savant | Co-Founder, CEO | Leadership |
Monica Advani | Vice President | Leadership |
Chetan Mane | President | Leadership |
Prachi Jain | Head - Mobile & Products | Leadership |
Ishaq Ticklye | Vp-operations & PMO | Leadership |
Rachit Koradia | Vice President Business | Leadership |
Ayushi Shah | Senior Account Executive | Team |
Ashwin Sevak | Consultant | Team |
Jayprakash Pal | Mobile Developer | Team |
Yash Chauhan | Senior Technical Project Manager | Team |
Jinto Jones | Business Development Lead | Team |
Complete people profiles for Idealake
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
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Financials of Idealake
Figures of Idea Lake Information Technologies Private Limited, the primary company behind Idealake, for FY 2025. Revenue was ₹26.45 Cr (+30% year on year). Net profit was ₹2.23 Cr (8% margin). EBITDA was ₹3.40 Cr (13% margin). Revenue has grown at a compounded annual rate of +16% over three years and +18% over five years.
- ₹26.45 CrRevenue · FY 2025 · +30% YoY
- ₹2.23 CrNet profit · 8% margin
- ₹3.40 CrEBITDA · 13% margin
- ₹11.4 LakhPaid-up capital
- 139Employees (provident fund records)
- +16%Revenue CAGR, 3 years
- +18%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Idea Lake Information Technologies Private Limited are on its company page.
Detailed financial statements for Idealake
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Idealake
3 dated milestones of Idealake across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Idealake is founded.
- Funding First funding round of $179K.
- Milestone Reaches Minicorn status.
Competitors of Idealake
Idealake 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 UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, 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. | |
| genpact.com | 1997 | New York, United States | – | 129,140 | Provider of end-to-end business process outsourcing services | |
| ionos.com | 1988 | Chesterbrook, United States | $19.5M | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | |
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| accenture.com | 1989 | Dublin, Ireland | – | 29 | IT and management consultancy services are provided globally. | |
| nttdata.com | 1967 | Koto, Japan | – | 4 | Application development, cloud, cybersecurity, and business intelligence services are provided. | |
| mavenir.com | 2005 | Richardson, United States | $105.36M | 363 | Multi-access edge networking computing platform is provided for mobile services. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| endava.com | 2000 | London, United Kingdom | – | 12,063 | Endava is engaged in digital transformation and AI-driven solutions. |
Detailed competitors of Idealake
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.
Web traffic of Idealake
The website of Idealake (idealake.com) receives about 6.2K visits a month.
- Monthly visits6.2K
▼ 13.9% vs previous month
Websites whose visitors overlap most with Idealake. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| cedge.in | 100% | 18.5K | #862,978 | View details | |
| tmb.in | 68% | 24.4K | #955,258 | View details | |
| glassdoor.com | 40% | 30.5M | #1,976 | View details | |
| greggsmith.com | 29% | – | – | View details |
Latest news on Idealake
Complete news archive for Idealake
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Idealake
10 companies that operate in the same segment as Idealake (Digital Transformation & Automation Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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 | |
Provider of data analytics, cloud modernization, management strategy, and digital transformation services | 1998 | Aliso Viejo, California, United States | USD 250 M | USD 59.61 M | 1,905 | |
Artificial intelligence and analytics solutions are provided for enterprise transformation. | 2000 | New York, New York, United States | USD 685 M | USD 270.83 M | 4,620 | |
Analytics, cybersecurity, and digital transformation services are provided. | 1914 | Mclean, Virginia, United States | USD 2.64 M | USD 11.22 B | 35,800 | |
Enterprise AI models are developed and tuned for business integration. | 2022 | Palo Alto, California, United States | USD 1.53 B | – | 35 | |
Provider of end-to-end business process outsourcing services | 1997 | New York, New York, United States | – | USD 5.08 B | 140,000 | |
IT consulting, data analytics, and digital transformation services are provided. | 1990 | Pune, Maharashtra, India | USD 19.8 M | USD 1.57 B | 24,590 | |
Provider of digital signature certificates, PKI, and e-signature solutions | 2008 | Bengaluru, Karnataka, India | USD 26.23 M | USD 74.82 M | 851 | |
Application development, cloud, cybersecurity, and business intelligence services are provided. | 1967 | Koto, Tokyo, Japan | – | USD 31.05 B | 197,780 |
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Frequently Asked Questions about Idealake
Idealake was founded in 2000 and raised its 1st funding round 12 years after it was founded.
Idealake is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Viraj Savant is the current CEO of Idealake. They have also founded this company.
Idealake is a funded company, having raised a total of $178.89K across 1 funding round to date. The company's 1st funding round was a Unspecified of $178.89K, raised on Jul 2012.
Idealake has 139 employees.
The primary company behind Idealake, Idea Lake Information Technologies Private Limited, reported revenue of ₹26.45 Cr for FY 2025, up 30% year on year.
Idealake operates with a B2B model, focusing on leveraging cutting-edge technology, providing IT services, driving digital transformation, and consulting and solutions. Delivers comprehensive digital transformation and IT services to businesses. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Idealake's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Idealake has 7 investors. Key investors include Lastaki, Dev Raman, Asit Shah, Deb Sudeep, and Sandeep Vasant Mulay.
The valuation of Idealake is $1.66M as of Jul 2012.
Idealake operates through Idea Lake Information Technologies Private Limited.
The legal entities of Idealake currently have 2 directors, including Ganviraj Krishnanand Savant, Asha Krishnanand Sawant.