About Kaigal
Kaigal is a Technology company based in Namakkal (India) founded in 2019 by Bala Sundararajan. Recruitment services are offered for various sectors by Kaigal. Kaigal has raised $31.59 thousand across 2 funding rounds from investors including STPI and StartupTN. The company has 17 employees. Kaigal was last valued at $2.77 million in July 2022. Its Indian entity Kaigal Services India Private Limited reported revenue of ₹42.3 Lakh. Its focus areas include Enterprise Applications, HRTech, Job Board and Blue Collar. Its competitors include WorkIndia and Skillbee; 2 of its 2 listed competitors have raised funding.
Company details
Kaigal was founded in 2019 in Namakkal, India, by Bala Sundararajan. Recruitment services are provided across multiple sectors, including sourcing and placement of professionals. Operations focus on connecting candidates with employers in diverse industries. The company serves clients primarily in India, with an emphasis on efficient hiring processes tailored to sector-specific needs. Geographic presence is centered in Namakkal, supporting regional and national recruitment demands.
- Headquarters Namakkal, India
- Employees 17
- Founders Bala Sundararajan
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website kaigal.com
- Social LinkedIn X Facebook
- Legal Name Kaigal Services India Private Limited
- Date of Incorporation 09 Apr, 2019
- Jurisdiction Paramathi Velur, Tamil Nadu, India
- Annual Revenue₹42.3 Lakh
FY 2024 · -9% YoY
- Net Loss-₹81.3 Lakh
FY 2024 · -192% margin
- EBITDA-₹79.2 Lakh
FY 2024 · -187% margin
- Total Equity Funding$31.59K (USD)
in 2 rounds
- Latest Funding Round$31.59K (USD), Seed
Jul 2022
- InvestorsSTPI
& 1 more
- Employee Count17
Associated legal entities of Kaigal
Kaigal operates through Kaigal Services India 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 |
|---|---|---|---|---|---|---|---|
| Kaigal Services India Private Limited CIN U93030TN2019PTC128641 | Active | 09 Apr 2019 | Paramathi Velur, Tamil Nadu | ₹0.4 Cr | 17 | 2 | View details |
Funding Insights of Kaigal
Kaigal has successfully raised a total of $31.59K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $31.59 thousand completed in July 2022. 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 $31,592
- Total Rounds 2
- Last Round Seed — $31,592
- First Round $13,292
(Apr 2021)
- Investors Count 2
All 2 funding rounds of Kaigal with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Jul 2022 | $2.77M | •••••••• |
Last known valuation $2.77M (Jul 2022). 2 investors in total: 2 institutional.
Investors in Kaigal
Kaigal has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include STPI and StartupTN.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of incubation services to emerging technologies | 1991 | stpi.in | Delhi, India | |
Potato farming, grain marketing, and equipment services in Maine. | 2021 | startuptn.in | Chennai, India |
Investor details for Kaigal
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Board of directors of Kaigal Services India Private Limited (Kaigal)
Kaigal Services India Private Limited is the primary company behind Kaigal. The board of Kaigal Services India Private Limited currently have 2 directors; the longest-serving is Balamurugan Sundararajan, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Balamurugan Sundararajan DIN 07791431 | Director | 09 Apr 2019 | 7 yrs 6 mo | Kaigal Services India Private Limited |
| Geetha Balakrishnan DIN 08416686 | Director | 09 Apr 2019 | 7 yrs 6 mo | Kaigal Services India Private Limited |
People of Kaigal
1 people are tracked at Kaigal (1 in leadership); the tracked headcount is 17.
| Name | Role | Group |
|---|---|---|
Bala Sundararajan | Founder | Leadership |
Complete people profiles for Kaigal
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Financials of Kaigal
Figures of Kaigal Services India Private Limited, the primary company behind Kaigal, for FY 2024. Revenue was ₹42.3 Lakh (-9% year on year). Net loss was -₹81.3 Lakh (-192% margin). EBITDA was -₹79.2 Lakh (-187% margin). Revenue has grown at a compounded annual rate of +79% over three years.
- ₹42.3 LakhRevenue · FY 2024 · -9% YoY
- -₹81.3 LakhNet loss · -192% margin
- -₹79.2 LakhEBITDA · -187% margin
- ₹4.3 LakhPaid-up capital
- 17Employees (provident fund records)
- +79%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Kaigal Services India Private Limited are on its company page.
Detailed financial statements for Kaigal
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Kaigal
4 dated milestones of Kaigal across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Kaigal is founded.
- Funding First funding round of $13K.
- Funding Latest funding round, Seed, of $32K.
- Milestone Reaches Minicorn status.
Competitors of Kaigal
Kaigal has 2 listed competitors in our database, 2 of them funded. They include WorkIndia and Skillbee.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| workindia.in | 2015 | Bengaluru, India | $34.78M | 910 | Recruitment platform that connects job seekers with employment opportunities | |
| skillbee.com | 2020 | Delhi, India | $3.56M | 37 | Job seekers are connected with employers via a focused platform. |
Detailed competitors of Kaigal
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Web traffic of Kaigal
The website of Kaigal (kaigal.com) receives about 1.4K visits a month.
- Monthly visits1.4K
▼ 6% vs previous month
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Related news about Kaigal
Complete news archive for Kaigal
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Frequently Asked Questions about Kaigal
Kaigal was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Kaigal is headquartered in Namakkal, India. It is registered at Namakkal, Tamil Nadu, India.
Kaigal is a funded company, having raised a total of $31.59K across 2 funding rounds to date. The company's 1st funding round was a Grant of $13.29K, raised on Apr 2021.
Kaigal has 17 employees.
The primary company behind Kaigal, Kaigal Services India Private Limited, reported revenue of ₹42.3 Lakh for FY 2024, down 9% year on year.
Kaigal was founded in 2019 in Namakkal, India, by Bala Sundararajan. Recruitment services are provided across multiple sectors, including sourcing and placement of professionals. Operations focus on connecting candidates with employers in diverse industries. The company serves clients primarily in India, with an emphasis on efficient hiring processes tailored to sector-specific needs. Geographic presence is centered in Namakkal, supporting regional and national recruitment demands.
The valuation of Kaigal is $2.77M as of Jul 2022.
Kaigal operates through Kaigal Services India Private Limited.
The legal entities of Kaigal currently have 2 directors, including Balamurugan Sundararajan, Geetha Balakrishnan.