About Magnaquest
Magnaquest is a Technology company based in Hyderabad (India) founded in 1997 by Tiru Bollam and Rajiv Debbad. Subscription billing management platform is provided for automating revenue processes. It operates in the Technology and Media & Entertainment sectors. Magnaquest has raised $1.19 million across 9 funding rounds from investors including Rachana G, Keerthana G and Vikram Koka. The company has 174 employees. Magnaquest has completed 1 acquisition, including eVapt. Magnaquest was last valued at $29.82 million in June 2013. Its website magnaquest.com draws about 35 thousand monthly visits. Its Indian entity Magnaquest Technologies Limited reported revenue of ₹30.87 Cr. Magnaquest offers products and services including Sure. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Quote to Cash.
Company details
Founded in 1997 in Hyderabad, India, Magnaquest operates in the software sector, offering a platform for subscription billing management. Subscription processes are automated, billing and revenue are handled, and customer churn is addressed through features like registration, payment processing, and reporting tools. Various billing models, including usage-based and recurring subscriptions, are supported, along with integrations to CRM and marketing systems. Operations focus on revenue optimization and relationship management.
- Headquarters Hyderabad, India
- Employees 174
- Founders Tiru Bollam, Rajiv Debbad
- Stage Minicorn
- SectorsTechnologyMedia & Entertainment
- Email••••••••
- Phone•••• ••••
- Website magnaquest.com
- Social LinkedIn X Facebook Instagram
- Legal Name Magnaquest Technologies Limited
- Date of Incorporation 14 Oct, 1997
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹30.87 Cr
FY 2024 · +3% YoY
- Net Profit₹1.63 Cr
FY 2024 · 5% margin
- EBITDA₹8.02 Cr
FY 2024 · 26% margin
- Total Equity Funding$1.19M (USD)
in 9 rounds
- Latest Funding Round$104.69K (USD), Angel Round
Mar 2014
- Employee Count174
- Investments & Acquisitions
Associated legal entities of Magnaquest
Magnaquest operates through Magnaquest Technologies 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 |
|---|---|---|---|---|---|---|---|
| Magnaquest Technologies Limited CIN U72200TG1997PLC028163 | Active | 14 Oct 1997 | Hyderabad, Telangana | ₹30.9 Cr | 174 | 3 | View details |
Products & Services of Magnaquest
Magnaquest offers a comprehensive portfolio of products and services, including Sure.
Automates billing, revenue, and customer retention for businesses.
Funding Insights of Magnaquest
Magnaquest has successfully raised a total of $1.19M across 9 strategic funding rounds. The most recent funding activity was a Angel Round of $104.69 thousand completed in March 2014. 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 $1.19M
- Total Rounds 9
- Last Round Angel Round — $104,689
- First Round $58,693
(Mar 2008)
- Investors Count 18
All 9 funding rounds of Magnaquest 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 |
|---|---|---|---|---|---|
| Mar 2014 | $104,689 | Angel Round | – | – | |
| Jun 2013 | $167,940 | Angel Round | $29.82M | Vikram Koka | |
| Mar 2012 | $101,000 | Angel Round | $17.86M | – | |
| Jun 2011 | $377,405 | Angel Round | $••••• | Archana Parwatikar | |
| May 2010 | $56,061 | Angel Round | $••••• | – | |
| Sep 2009 | $64,369 | Angel Round | $••••• | – | |
| Jun 2009 | $134,769 | Angel Round | $••••• | – | |
| Sep 2008 | $120,700 | Angel Round | $••••• | Vikram Koka | |
| Mar 2008 | $58,693 | Angel Round | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2013 | $29.82M | •••••••• |
| Mar 2012 | $17.86M | •••••••• |
| Jun 2011 | $••••• | •••••••• |
| May 2010 | $••••• | •••••••• |
| Sep 2009 | $••••• | •••••••• |
| Jun 2009 | $••••• | •••••••• |
| Sep 2008 | $••••• | •••••••• |
| Mar 2008 | $••••• | •••••••• |
Full valuation and stage history of Magnaquest
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $29.82M (Jun 2013). 18 investors in total: 0 institutional and 18 angel.
Investors in Magnaquest
Magnaquest has secured backing from 18 investors, including angel investors. Prominent investors backing the company include Rachana G, Keerthana G and Vikram Koka.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
RG Rachana G | unknown_71d86e55c0314b709 | |||
KG Keerthana G | unknown_f2edb156992045078 | |||
VK Vikram Koka | unknown_ecb0b7ced6e042b58 | |||
MS Mashetty Sailaja | unknown_61d4521d933d403bb | |||
AV A Vishnodaya | unknown_08b8461fd52c41668 | |||
KR Kantha Rao | unknown_82a3ac9e031b492e9 | |||
CN Charka Nageshwar Rao | unknown_8ad4954ba100447ba | |||
PP Prithvinath Pala | unknown_187589e921b1420a8 | |||
PP Pashupathinath Pala | unknown_76ee7d1224ee46479 | |||
BN Bommireddy Nirmala | unknown_d4c5d9a4cf624780b |
Investor details for Magnaquest
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 Magnaquest Technologies Limited (Magnaquest)
Magnaquest Technologies Limited is the primary company behind Magnaquest. The board of Magnaquest Technologies Limited currently have 3 directors; the longest-serving is Vijay Kumar Debbad, appointed in 1997. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vijay Kumar Debbad DIN 00157796 | Managing Director | 14 Nov 1997 | 28 yrs 11 mo | Magnaquest Technologies Limited |
| Pasupathinath Pala DIN 06863290 | Director | 02 May 2014 | 12 yrs 6 mo | Magnaquest Technologies Limited |
| Savita Shamsunder DIN 00398129 | Director | 01 Feb 2017 | 9 yrs 9 mo | Magnaquest Technologies Limited |
People of Magnaquest
12 people are tracked at Magnaquest (6 in leadership, 6 in team); the tracked headcount is 174.
| Name | Role | Group |
|---|---|---|
Tiru Bollam | Co-Founder & CTO | Leadership |
| Co-Founder | Leadership | |
| Managing Director | Leadership | |
| Head Of Product Development | Leadership | |
Raju Prasad | Chief Operating Officer | Leadership |
Anshul Gelani | Director Of Data Analysis | Leadership |
Vishnu Vardhan | Manager , Product Development | Team |
David Sudharma T | Manager Product Development | Team |
Yamini Kumar Dasari | Principal - Solution Architect And Product Marketing | Team |
Murali Banisetti | Principal - Product Architect | Team |
Somnath Das | Senior AMS Engineer | Team |
Parag Nandedkar | Program Manager | Team |
Complete people profiles for Magnaquest
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Magnaquest
Figures of Magnaquest Technologies Limited, the primary company behind Magnaquest, for FY 2024. Revenue was ₹30.87 Cr (+3% year on year). Net profit was ₹1.63 Cr (5% margin). EBITDA was ₹8.02 Cr (26% margin). Revenue has grown at a compounded annual rate of +7% over three years and 0% over five years.
- ₹30.87 CrRevenue · FY 2024 · +3% YoY
- ₹1.63 CrNet profit · 5% margin
- ₹8.02 CrEBITDA · 26% margin
- ₹2.31 CrPaid-up capital
- 174Employees (provident fund records)
- +7%Revenue CAGR, 3 years
- 0%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Magnaquest Technologies Limited are on its company page.
Detailed financial statements for Magnaquest
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.
Investments & Acquisitions by Magnaquest
Magnaquest has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include eVapt.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud billing, metering, and subscription management are facilitated by eVapt. | evapt.com | Austin, United States | 2006 | Oct 2009 | •••• |
Complete acquisition details for Magnaquest
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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Timeline of Magnaquest
5 dated milestones of Magnaquest across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Magnaquest is founded.
- Funding First funding round of $59K.
- Milestone Reaches Minicorn status.
- Acquisition Acquires eVapt.
- Funding Latest funding round, Angel Round, of $105K.
Web traffic of Magnaquest
The website of Magnaquest (magnaquest.com) receives about 34.5K visits a month.
- Monthly visits34.5K
▼ 34.9% vs previous month
Websites whose visitors overlap most with Magnaquest. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| hotspotexpress.in | 100% | 2.4K | #7,897,379 | View details | |
| cusi.com | 91% | 3.1K | #5,521,914 | View details | |
| busy.in | 76% | 234.7K | #169,786 | View details | |
| dotnetinvoice.com | 76% | View details | |||
ea-inc.com | ea-inc.com | 75% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 19 similar websites and full traffic analytics for Magnaquest
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 19 similar websites
- Audience overlap
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Related news about Magnaquest
Complete news archive for Magnaquest
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Frequently Asked Questions about Magnaquest
Magnaquest was founded in 1997 and raised its 1st funding round 11 years after it was founded.
Magnaquest is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Magnaquest is a funded company, having raised a total of $1.19M across 9 funding rounds to date. The company's 1st funding round was a Angel Round of $58.69K, raised on Mar 2008.
Magnaquest has 174 employees.
The primary company behind Magnaquest, Magnaquest Technologies Limited, reported revenue of ₹30.87 Cr for FY 2024, up 3% year on year.
Founded in 1997 in Hyderabad, India, Magnaquest operates in the software sector, offering a platform for subscription billing management. Subscription processes are automated, billing and revenue are handled, and customer churn is addressed through features like registration, payment processing, and reporting tools. Various billing models, including usage-based and recurring subscriptions, are supported, along with integrations to CRM and marketing systems. Operations focus on revenue optimization and relationship management.
Magnaquest offers Sure.
Magnaquest has made 1 acquisition, including eVapt.
Magnaquest has 18 investors. Key investors include Rachana G, Keerthana G, Vikram Koka, Mashetty Sailaja, and A Vishnodaya.
The valuation of Magnaquest is $29.82M as of Jun 2013.
Magnaquest operates through Magnaquest Technologies Limited.
The legal entities of Magnaquest currently have 3 directors, including Vijay Kumar Debbad, Pasupathinath Pala, Savita Shamsunder.