About Insteract
Insteract is a company based in Bengaluru (India) founded in 2015. Insteract has raised $268.28 thousand across 1 funding round from investors including TPF Software. Insteract operates in a competitive market with competitors including TravelPerk, Deem, Egencia, Tripeur and Spotnana, among others.
- Headquarter Bengaluru, India
- Stage Minicorn
- SectorsTechnologyTravel & Hospitality
- Website insteract.com
- Social LinkedIn X
- Legal Name Insteract Technologies Private Limited
- Date of Incorporation 28 Oct, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹3.8 Lakh
FY 2023 · -91% YoY
- Net Profit₹3.2 Lakh
FY 2023 · 85% margin
- EBITDA₹3.2 Lakh
FY 2023 · 85% margin
- Total Equity Funding$268.28K (USD)
in 1 rounds
- Latest Funding Round$268.28K (USD), Seed
Sep 2016
- Investors
Associated legal entities of Insteract
Insteract operates through Insteract Technologies Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Insteract Technologies Private Limited CIN U74120KA2015PTC124055 | Strike Off | 28 Oct 2015 | Bangalore, Karnataka | ₹0.0 Cr | – | 2 | View details |
Funding Insights of Insteract
Insteract has successfully raised a total of $268.28K through 1 strategic funding round. The most recent funding activity was a Seed round of $268.28 thousand completed in September 2016. 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 $268,279
- Total Rounds 1
- Last Round Seed — $268,279
- First Round $268,279
(Sep 2016)
- Investors Count 1
All 1 funding rounds of Insteract 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 |
|---|---|---|---|---|---|
| Sep 2016 | $268,279 | Seed | $1M | TPF Software | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2016 | $1M | •••••••• |
Last known valuation $1M (Sep 2016). 1 investors in total: 1 institutional.
Investors in Insteract
Insteract has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include TPF Software.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Ramp information display systems are provided to airlines. | 1986 | tpfsoftware.com | Pembroke Pines, United States |
Investor details for Insteract
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Insteract Technologies Private Limited (Insteract)
Insteract Technologies Private Limited is the primary company behind Insteract. The board of Insteract Technologies Private Limited currently have 2 directors; the longest-serving is Chandran Anandkumar, appointed in 2015. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chandran Anandkumar DIN 06766432 | Director | 28 Oct 2015 | 10 yrs 11 mo | Insteract Technologies Private Limited |
| Balaji Ramakrishnan DIN 02302013 | Director | 28 Oct 2015 | 10 yrs 11 mo | Insteract Technologies Private Limited |
Financials of Insteract
Figures of Insteract Technologies Private Limited, the primary company behind Insteract, for FY 2023. Revenue was ₹3.8 Lakh (-91% year on year). Net profit was ₹3.2 Lakh (85% margin). EBITDA was ₹3.2 Lakh (85% margin). Revenue has grown at a compounded annual rate of +473% over three years and +35% over five years.
- ₹3.8 LakhRevenue · FY 2023 · -91% YoY
- ₹3.2 LakhNet profit · 85% margin
- ₹3.2 LakhEBITDA · 85% margin
- ₹1.4 LakhPaid-up capital
- +473%Revenue CAGR, 3 years
- +35%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Insteract Technologies Private Limited are on its company page.
Detailed financial statements for Insteract
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Insteract
3 dated milestones of Insteract across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Insteract is founded.
- Funding First funding round of $268K.
- Milestone Reaches Minicorn status.
Competitors of Insteract
Insteract 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 TravelPerk, Deem, Egencia, Tripeur and Spotnana, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| travelperk.com | 2015 | Barcelona, Spain | $714.78M | 67 | SaaS-driven corporate travel management & booking engine platform | |
| deem.com | 2000 | San Francisco, United States | $668.37M | 540 | Provider of corporate travel management solutions | |
| egencia.com | 2000 | Bellevue, United States | $23.52M | 244 | Corporate travel solutions are offered to business travelers worldwide. | |
| tripeur.com | 2015 | Bengaluru, India | $2.86M | 128 | AI and cloud-driven corporate travel management solutions are provided. | |
| spotnana.com | 2019 | New York, United States | $116M | 139 | SaaS API-based travel ecosystem and management solutions are offered. | |
| lanes-planes.com | 2017 | Munich, Germany | $45M | 55 | SaaS travel management is offered for business travelers' bookings. | |
| serko.com | 2007 | Auckland, New Zealand | – | – | Travel and expense management solutions are provided for businesses. | |
| comtravo.com | 2015 | Berlin, Germany | $43.07M | 70 | Corporate travel bookings are managed via a text-based online platform. | |
| travelbank.com | 2015 | Daly, United States | $35M | 36 | Cloud-based expense management and booking tools SMBs | |
| naboo.app | 2021 | Paris, France | $28.95M | – | Corporate travel and villa bookings are enabled for business telecommuting. |
Detailed competitors of Insteract
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.
Latest news on Insteract
Complete news archive for Insteract
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Insteract
10 companies that operate in the same segment as Insteract (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | – | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, United States | USD 235.41 M | USD 4.95 M | 260 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 20,400 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Cloud-based HRMS software is offered for small and medium-sized businesses. | 2016 | Barcelona, Catalonia, Spain | USD 369.25 M | – | – |
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Frequently Asked Questions about Insteract
Insteract was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Insteract is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Insteract is a funded company, having raised a total of $268.28K across 1 funding round to date. The company's 1st funding round was a Seed of $268.28K, raised on Sep 2016.
The primary company behind Insteract, Insteract Technologies Private Limited, reported revenue of ₹3.8 Lakh for FY 2023, down 91% year on year.
Cloud-based platform for employee mobility management. It is a corporate travel management platform which provides a software which uses data analytics to help employees to make travel choices in compliance with the travel policies of the company. Savings, compliance and passenger experience can be managed based on business employee behaviour with the help of guidance template. It searches and displays top travel platforms like airlines, hotels, OTAs etc based on the score it provides complying companys guidelines. User can also compare multiple trip options based on fares benchmarks tracked.
Insteract's top competitors include TravelPerk, Egencia and Lanes & Planes.
Insteract has 1 investor. Key investors include TPF Software.
The valuation of Insteract is $1M as of Sep 2016.
Insteract operates through Insteract Technologies Private Limited.
The legal entities of Insteract currently have 2 directors, including Chandran Anandkumar, Balaji Ramakrishnan.