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 as of March 31, 2023. 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 as on 31 Mar, 2023
- Founders Sudhir Shetty, Viraj Savant
- Stage Minicorn
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Sectors
Business Services
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Idea Lake Information Technologies Private Limited
- Date of Incorporation 24 May, 2000
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$2.44 M (USD)20.58as on Mar 31, 2023
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Net Profit
$64.31 K (USD)-14.98as on Mar 31, 2023
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EBITDA
$99.01 K (USD)-17.5as on Mar 31, 2023
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Total Equity Funding
$178.89 K (USD)
in 1 rounds
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Latest Funding Round
$178.89 K (USD), Unspecified
Jul 02, 2012
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Investors
Lastaki
& 6 more
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Employee Count
139
as on Mar 31, 2023
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People of Idealake
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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.
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 |
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Investment banking and advisory services for mid-market businesses and startups.
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Dev Raman |
Managing Partner at DSP Group, active angel investor in Indian startups
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Asit Shah |
Angel investor and entrepreneur, co-founder of Hetvi Group, active in Indian startups
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Investor details for Idealake
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Investments & Acquisitions by Idealake
Investment portfolio details for Idealake
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Financial Statements - Idealake
Detailed financials for Idealake
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Idealake Comparisons
Peer comparison for Idealake
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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 year | HQ Location | Description |
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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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IT outsourcing services are delivered across multiple business lines.
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IT and management consultancy services are provided globally.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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Detailed competitors of Idealake
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Latest news on Idealake
Complete news archive for Idealake
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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.
As of Mar 31, 2023, the latest employee count at Idealake is 139.
Annual revenue of Idealake is $2.44M as on Mar 31, 2023.
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.