About KIIT
KIIT is a company based in Bhubaneswar (India) founded in 1992 by Achyuta Samanta.. The company has 348 employees as of March 30, 2024. KIIT operates in a competitive market with competitors including Indian Institute Of Technology Kharagpur, The Open University, IIIT-Delhi, Indian Institute of Technology Roorkee and Symbiosis International, among others.
- Headquarter Bhubaneswar, India
- Employees 348 as on 30 Mar, 2024
- Founders Achyuta Samanta
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Sectors
Education
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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 Kiit Hospitality Private Limited
- Date of Incorporation 25 Nov, 2013
- Jurisdiction Bhubaneswar, Orissa, India
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Annual Revenue
$3.95 M (USD)120.08as on Mar 31, 2023
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Net Profit
$189.86 K (USD)110.72as on Mar 31, 2023
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EBITDA
$467.5 K (USD)249.86as on Mar 31, 2023
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Latest Funding Round
$253.74 K (USD), Grant
Jan 15, 2019
- Investors
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Employee Count
348
as on Mar 30, 2024
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Funding Insights of KIIT
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $253,740
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First Round
First Round
(15 Oct 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Grant - KIIT | Valuation |
investors |
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| Oct, 2016 | Amount | Grant - KIIT | Valuation |
investors |
| 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 KIIT
KIIT has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 KIIT
| 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 - KIIT
| 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 |
Kiit Comparisons
Competitors of KIIT
KIIT 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 Indian Institute Of Technology Kharagpur, The Open University, IIIT-Delhi, Indian Institute of Technology Roorkee and Symbiosis International, 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 |
Academic programs in engineering, technology, and research are provided.
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| domain | founded_year | HQ Location |
Multiple courses and degrees are offered across diversified academic streams.
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| domain | founded_year | HQ Location |
Degrees in information technology and computer science are offered.
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| domain | founded_year | HQ Location |
College offering multiple courses and degrees
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| domain | founded_year | HQ Location |
Multiple undergraduate and postgraduate courses are offered across diversified streams.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Kiit
Frequently Asked Questions about KIIT
When was KIIT founded?
KIIT was founded in 1992 and raised its 1st funding round 24 years after it was founded.
Where is KIIT located?
KIIT is headquartered in Bhubaneswar, India. It is registered at Bhubaneswar, Odisha, India.
How many employees does KIIT have?
As of Mar 30, 2024, the latest employee count at KIIT is 348.
What is the annual revenue of KIIT?
Annual revenue of KIIT is $3.95M as on Mar 31, 2023.
What does KIIT do?
KIIT was established in 1992 in Bhubaneswar, India, within the higher education sector. Undergraduate and postgraduate degrees in areas including engineering, law, biotechnology, and media sciences are provided. Operations focus on academic instruction and research across these disciplines. Admission processes are managed through the KIITEE entrance examination, with the institution serving students primarily from the region and beyond.
Who are the top competitors of KIIT?
KIIT's top competitors include Indian Institute Of Technology Kharagpur, IIIT-Delhi and The Open University.
Who are KIIT's investors?
KIIT has 1 investor. Key investors include European Union.
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