About MathCo
MathCo is a company based in Bengaluru (India) founded in 2016 by Sayandeb Banerjee, Anuj Krishna, and Aditya Kumbakonam.. MathCo has raised $56.41 million across 3 funding rounds from investors including Patni Financial Advisors, Brighton Park Capital and Arihant Patni. The company has 1,138 employees as of September 21, 2024. MathCo offers products and services including NucliOS, Data Science Consulting, Engineering Services, and Generative AI Services. MathCo operates in a competitive market with competitors including EXL, eClerx, Tredence, Dun & Bradstreet and Sia Partners, among others.
- Headquarter Bengaluru, India
- Employees 1138 as on 21 Sep, 2024
- Founders Sayandeb Banerjee, Anuj Krishna, Aditya Kumbakonam
- Stage Minicorn
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Sectors
Technology
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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 Themathcompany Private Limited
- Date of Incorporation 26 Aug, 2016
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$52.46 M (USD)89.91as on Mar 31, 2023
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Net Profit
$504.33 K (USD)-86.31as on Mar 31, 2023
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EBITDA
$1.06 M (USD)-79.5as on Mar 31, 2023
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Total Equity Funding
$56.41 M (USD)
in 3 rounds
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Latest Funding Round
$50 M (USD), Series A
Jan 10, 2022
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Investors
Patni Financial Advisors
& 6 more
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Employee Count
1138
as on Sep 21, 2024
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Products & Services of MathCo
MathCo offers a comprehensive portfolio of products and services, including NucliOS, Data Science Consulting, Engineering Services, and Generative AI Services. 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.
Foundation for connected intelligence and data-driven decisions.
Offers insights through AI and data analysis for businesses.
Provides technical solutions for data engineering challenges.
Delivers AI applications for problem-solving and innovation.
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Software Development Team
30 people
Product Management Team
19 people
Associate Team
7 people
Creative and Marketing Team
6 people
Senior Team
6 people
Data Analysis and Operations Team
5 people
Principal Team
5 people
Leadership Team
4 people
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Funding Insights of MathCo
MathCo has successfully raised a total of $56.41M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $50 million completed in January 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 Total Funding
- Total Rounds 3
- Last Round Series A — $50.0M
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First Round
First Round
(06 May 2019)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - MathCo | Valuation | Brighton Park Capital , Brighton Park Capital | |
| Jan, 2020 | Amount | Series A - MathCo | Valuation | Patni Financial Advisors | |
| May, 2019 | Amount | Series A - MathCo | Valuation | Patni Financial Advisors |
| 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 MathCo
MathCo has secured backing from 7 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Patni Financial Advisors, Brighton Park Capital and Arihant Patni. 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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Brighton Park Capital is focused on growth equity investments.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments
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Founded Year | Domain | Location | |
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Diversified investment management firm
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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 MathCo
| 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 - MathCo
| 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 |
Mathco Comparisons
Competitors of MathCo
MathCo 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 EXL, eClerx, Tredence, Dun & Bradstreet and Sia Partners, 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 |
Analytics and digital solutions for healthcare and banking are provided.
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Provider of business processes, change management, analytics, and data-driven insights services
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AI consulting, supply chain, and customer analytics services are provided.
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| domain | founded_year | HQ Location |
Financial analysis and risk assessment solutions are provided to businesses.
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Management consulting services are provided for business transformations.
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Digital marketing services provider
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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 Mathco
Frequently Asked Questions about MathCo
When was MathCo founded?
MathCo was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is MathCo located?
MathCo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of MathCo?
Sayandeb Banerjee is the current CEO of MathCo. They have also founded this company.
Is MathCo a funded company?
MathCo is a funded company, having raised a total of $56.41M across 3 funding rounds to date. The company's 1st funding round was a Series A of $4.33M, raised on May 06, 2019.
How many employees does MathCo have?
As of Sep 21, 2024, the latest employee count at MathCo is 1,138.
What is the annual revenue of MathCo?
Annual revenue of MathCo is $52.46M as on Mar 31, 2023.
What does MathCo do?
MathCo was established in 2016 and is headquartered in Bengaluru, India. Operations span the global enterprise AI and analytics sector, with services encompassing cloud engineering, data and enterprise BI migration, MLOps, data as a service, data operations and governance, predictive and statistical modeling, strategy and roadmap design, optimization systems, and enterprise data management. Focus is placed on supporting data-driven decision-making for clients worldwide.
What products or services does MathCo offer?
MathCo offers NucliOS, Data Science Consulting, Engineering Services, and Generative AI Services.
Who are MathCo's investors?
MathCo has 7 investors. Key investors include Patni Financial Advisors, Brighton Park Capital, Arihant Patni, Sonakshi Patni, and Adeesh Patni.
What is MathCo's valuation?
The valuation of MathCo is $317.08M as of Jan 2022.
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