About InnovazIT
InnovazIT is a company based in Dubai (United Arab Emirates) founded in 2013 was acquired by Happiest Minds in February 2025.. InnovazIT offers products and services including Payment Solutions, Cloud SaaS, Risk Management, and Project Management. InnovazIT operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Dubai, United Arab Emirates
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Sectors
Technology
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Phone
*********
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Website
*********
- Legal Name Innovazit Technologies
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Happiest Minds
(Feb 03, 2025)
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Products & Services of InnovazIT
InnovazIT offers a comprehensive portfolio of products and services, including Payment Solutions, Cloud SaaS, Risk Management, and Project Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Handles payment processing and card services for businesses.
Offers software as a service for cloud-based operations.
Provides tools for fraud prevention and risk assessment.
Delivers implementation support and delivery oversight.
Funding Insights of InnovazIT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in InnovazIT
InnovazIT has secured backing from 1 investor. Prominent investors backing the company include Happiest Minds. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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IT outsourcing services are delivered across multiple business lines.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by InnovazIT
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - InnovazIT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Innovazit Comparisons
Competitors of InnovazIT
InnovazIT 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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about InnovazIT
When was InnovazIT founded?
InnovazIT was founded in 2013.
Where is InnovazIT located?
InnovazIT is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
What does InnovazIT do?
Founded in 2013 and based in Dubai, United Arab Emirates, InnovazIT operates as a provider of comprehensive IT solutions across sectors such as finance, insurance, healthcare, oil and gas, and telecommunications. Services encompass business discovery, implementation, and project management, with offerings including payment systems, paperless office setups, omni-banking, smart card technologies, mobile NFC, fraud prevention, GPS tracking, cloud computing, Microsoft integrations, Siebel CRM, and loyalty programs.
Who are the top competitors of InnovazIT?
InnovazIT's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does InnovazIT offer?
InnovazIT offers Payment Solutions, Cloud SaaS, Risk Management, and Project Management.
Who are InnovazIT's investors?
InnovazIT has 1 investor. Key investors include Happiest Minds.
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