About IoTrax
IoTrax is a Technology company based in Bengaluru (India) founded in 2016. IoT solutions everything as a service platform to connect smart devices. Its Indian entity Iotracx Private Limited reported revenue of ₹15.3 Lakh. Its focus areas include Enterprise Applications, Business Process Management Software, BPM Suite and High Tech.
Company details
IoTrax was founded in 2016 in Bengaluru, India, within the IoT sector. An Everything as a Service (EaaS) platform is operated to connect and manage smart devices. Features encompass network monitoring of parameters, usage statistics, event triggers, plug-and-play discovery, diagnostics, reporting, and integrations with ERPCRM systems. Applications include smart lockers, bins, healthcare, parking, metering, and traffic management solutions.
- Headquarters Bengaluru, India
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website iotracx.com
- Social LinkedIn X Facebook
- Legal Name Iotracx Private Limited
- Date of Incorporation 01 Dec, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹15.3 Lakh
FY 2024 · -52% YoY
- Net Loss-₹5.7 Lakh
FY 2024 · -37% margin
- EBITDA-₹3.9 Lakh
FY 2024 · -25% margin
- Investors
Associated legal entities of IoTrax
IoTrax operates through Iotracx Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Iotracx Private Limited CIN U72900KA2016PTC098142 | Active | 01 Dec 2016 | Bangalore, Karnataka | ₹0.2 Cr | 3 | View details |
Funding Insights of IoTrax
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of IoTrax 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 |
|---|---|---|---|---|---|
| Jun 2018 | Grant | – | – |
1 investors in total: 1 institutional.
Investors in IoTrax
IoTrax has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Startup Karnataka.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Support for startups in Karnataka is delivered through policies, funding, and networking services. | 2004 | missionstartupkarnataka.org | Bengaluru, India |
Investor details for IoTrax
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 Iotracx Private Limited (IoTrax)
Iotracx Private Limited is the primary company behind IoTrax. The board of Iotracx Private Limited currently have 3 directors; the longest-serving is Gopinath Sheregar Annappa, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gopinath Sheregar Annappa DIN 07489886 | Director | 01 Dec 2016 | 9 yrs 11 mo | Iotracx Private Limited |
| Shyamsundar Purkayastha DIN 07159166 | Director | 01 Dec 2016 | 9 yrs 11 mo | Iotracx Private Limited |
| Kotekar Sudhindra Rao DIN 10146945 | Director | 20 Jul 2023 | 3 yrs 3 mo | Iotracx Private Limited |
Financials of IoTrax
Figures of Iotracx Private Limited, the primary company behind IoTrax, for FY 2024. Revenue was ₹15.3 Lakh (-52% year on year). Net loss was -₹5.7 Lakh (-37% margin). EBITDA was -₹3.9 Lakh (-25% margin). Revenue has grown at a compounded annual rate of -14% over three years and +2% over five years.
- ₹15.3 LakhRevenue · FY 2024 · -52% YoY
- -₹5.7 LakhNet loss · -37% margin
- -₹3.9 LakhEBITDA · -25% margin
- ₹1 LakhPaid-up capital
- -14%Revenue CAGR, 3 years
- +2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Iotracx Private Limited are on its company page.
Detailed financial statements for IoTrax
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of IoTrax
2 dated milestones of IoTrax across 2 years, from founding to its latest funding, stage changes and deals.
- Founded IoTrax is founded.
- Funding First funding round.
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Frequently Asked Questions about IoTrax
IoTrax was founded in 2016 and raised its 1st funding round 2 years after it was founded.
IoTrax is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind IoTrax, Iotracx Private Limited, reported revenue of ₹15.3 Lakh for FY 2024, down 52% year on year.
IoTrax was founded in 2016 in Bengaluru, India, within the IoT sector. An Everything as a Service (EaaS) platform is operated to connect and manage smart devices. Features encompass network monitoring of parameters, usage statistics, event triggers, plug-and-play discovery, diagnostics, reporting, and integrations with ERPCRM systems. Applications include smart lockers, bins, healthcare, parking, metering, and traffic management solutions.
IoTrax has 1 investor. Key investors include Startup Karnataka.
IoTrax operates through Iotracx Private Limited.
The legal entities of IoTrax currently have 3 directors, including Kotekar Sudhindra Rao, Gopinath Sheregar Annappa, Shyamsundar Purkayastha.