About Magnaquest
Magnaquest is a company based in Hyderabad (India) founded in 1997 by Tiru Bollam and Rajiv Debbad. 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 as of April 05, 2024. Magnaquest has completed 1 acquisition, including eVapt. Magnaquest offers products and services including Sure. Magnaquest operates in a competitive market with competitors including Salesforce, HubSpot, Freshworks, SugarCRM and Recurly, among others.
- Headquarter Hyderabad, India
- Employees 174 as on 05 Apr, 2024
- Founders Tiru Bollam, Rajiv Debbad
- Stage Minicorn
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Sectors
TechnologyMedia & Entertainment
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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 Magnaquest Technologies Limited
- Date of Incorporation 14 Oct, 1997
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$3.61 M (USD)1.69as on Mar 31, 2023
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Net Profit
$136.2 K (USD)11.24as on Mar 31, 2023
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EBITDA
$760.34 K (USD)0.38as on Mar 31, 2023
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Total Equity Funding
$1.19 M (USD)
in 9 rounds
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Latest Funding Round
$104.69 K (USD), Angel Round
Mar 31, 2014
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Investors
& 17 more
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Employee Count
174
as on Apr 05, 2024
- Investments & Acquisitions
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Products & Services of Magnaquest
Magnaquest offers a comprehensive portfolio of products and services, including Sure.
Automates billing, revenue, and customer retention for businesses.
People of Magnaquest
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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.
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.
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Rachana G |
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KG
Keerthana G |
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Vikram Koka |
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Investor details for Magnaquest
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Investments & Acquisitions by Magnaquest
Magnaquest has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include eVapt.
Investment portfolio details for Magnaquest
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- Transaction dates
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Cloud billing, metering, and subscription management are facilitated by eVapt.
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Complete acquisition details for Magnaquest
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Financial Statements - Magnaquest
Detailed financials for Magnaquest
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Magnaquest Comparisons
Peer comparison for Magnaquest
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Competitors of Magnaquest
Magnaquest 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 Salesforce, HubSpot, Freshworks, SugarCRM and Recurly, among others.
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Cloud-based CRM and collaboration solutions are provided for enterprises.
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Provider of AI-powered customer relationship management software
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Cloud-based business process management suite solutions are delivered.
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AI-based open-source CRM software is offered for customer lifecycle collaboration.
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Subscription billing automation is provided for business operations.
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Cloud-based invoice and subscription management solutions for businesses
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Detailed competitors of Magnaquest
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Latest news on 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.
As of Apr 05, 2024, the latest employee count at Magnaquest is 174.
Annual revenue of Magnaquest is $3.61M as on Mar 31, 2023.
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's top competitors include HubSpot, Salesforce and Freshworks.
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.