About JK Tech
JK Tech is a company based in Noida (India) founded in 1993 by Abhishek Singhania was acquired by Jaykay Enterprises in February 2024.. JK Tech has raised $13.42 million across 1 funding round from investors including Jaykay Enterprises, Shyam Verma and Satish Kumar Gupta. The company has 739 employees as of April 05, 2024. JK Tech offers products and services including Hyperautomation, Data Transformation, Cloud Engineering, and AI/ML. JK Tech operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Noida, India
- Employees 739 as on 05 Apr, 2024
- Founders Abhishek Singhania
- Stage Minicorn
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Sectors
Business ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name J K Technosoft Limited
- Date of Incorporation 07 Mar, 1988
- Jurisdiction Ghaziabad, Uttar Pradesh, India
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Annual Revenue
$26.01 M (USD)-18.2as on Mar 31, 2023
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Net Profit
$1.55 M (USD)-35.59as on Mar 31, 2023
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EBITDA
$1.34 M (USD)-53.66as on Mar 31, 2023
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Total Equity Funding
$13.42 M (USD)
in 1 rounds
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Latest Funding Round
$13.42 M (USD), Angel Round
Jul 22, 2021
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Investors
Jaykay Enterprises
& 9 more
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Employee Count
739
as on Apr 05, 2024
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Acquired by
Jaykay Enterprises
(Feb 18, 2024)
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Products & Services of JK Tech
JK Tech offers a comprehensive portfolio of products and services, including Hyperautomation, Data Transformation, Cloud Engineering, and AI/ML. 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.
Automates business processes to improve efficiency and agility.
Utilizes analytics for strategic data growth and insights.
Provides cloud support for enhanced business performance.
Delivers AI solutions for innovative data-driven outcomes.
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Funding Insights of JK Tech
JK Tech has successfully raised a total of $13.42M through 1 strategic funding round. The most recent funding activity was a Angel Round round of $13.42 million completed in July 2021. 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 Total Funding
- Total Rounds 1
- Last Round Angel Round — $13.4M
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First Round
First Round
(22 Jul 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Angel Round - JK Tech | Valuation | Shyam Verma , Satish Kumar Gupta |
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| 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 JK Tech
JK Tech has secured backing from 10 investors, including angel investors. Prominent investors backing the company include Jaykay Enterprises, Shyam Verma and Satish Kumar Gupta. 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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SV
Shyam Verma |
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Founded Year | Domain | Location |
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SK
Satish Kumar Gupta |
Angel investor, founder of Cradlewise, focused on consumer tech and innovation
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Founded Year | Domain | Location |
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PK
Parthopratim Kar |
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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 JK Tech
| 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 - JK Tech
| 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 |
Jk Tech Comparisons
Competitors of JK Tech
JK Tech 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, NTT DATA, Breed Reply, Globant and 1&1 IONOS, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
AI, cloud, and blockchain services are provided globally.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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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 |
Provider of end-to-end business process outsourcing services
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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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| domain | founded_year | HQ Location |
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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Latest news on Jk Tech
Frequently Asked Questions about JK Tech
When was JK Tech founded?
JK Tech was founded in 1993 and raised its 1st funding round 28 years after it was founded.
Where is JK Tech located?
JK Tech is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Who is the current CEO of JK Tech?
Aloke Paskar is the current CEO of JK Tech.
Is JK Tech a funded company?
JK Tech is a funded company, having raised a total of $13.42M across 1 funding round to date. The company's 1st funding round was a Angel Round of $13.42M, raised on Jul 22, 2021.
How many employees does JK Tech have?
As of Apr 05, 2024, the latest employee count at JK Tech is 739.
What is the annual revenue of JK Tech?
Annual revenue of JK Tech is $26.01M as on Mar 31, 2023.
What does JK Tech do?
JK Tech was established in 1993 and is based in Noida, India. A range of IT and digital transformation services is offered, encompassing business consulting, hyperautomation, data transformation, cloud engineering, AI solutions, and IT consulting. Focus is placed on the implementation, upgrading, and support of various technologies. These services are directed toward the retail, CPG, insurance, healthcare, and life sciences sectors.
Who are the top competitors of JK Tech?
JK Tech's top competitors include 1&1 IONOS, Booz Allen Hamilton and Genpact.
What products or services does JK Tech offer?
JK Tech offers Hyperautomation, Data Transformation, Cloud Engineering, and AI/ML.
Who are JK Tech's investors?
JK Tech has 10 investors. Key investors include Jaykay Enterprises, Shyam Verma, Satish Kumar Gupta, Parthopratim Kar, and Abhraham Babu.
What is JK Tech's valuation?
The valuation of JK Tech is $19.46M as of Jul 2021.
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