About Meritto
Meritto is a company based in Gurugram (India) founded in 2017 by Suraj Sapra, Ankita Goyal, and Naveen Goyal.. Meritto has raised $5.06 million across 3 funding rounds from investors including Info Edge and Trifecta Capital. The company has 262 employees as of March 06, 2025. Meritto has completed 1 acquisition, including Intelli Admissions. Meritto operates in a competitive market with competitors including PowerSchool, Anthology, GoGuardian, LEAD School and Frontline Education, among others.
- Headquarter Gurugram, India
- Employees 262 as on 06 Mar, 2025
- Founders Suraj Sapra, Ankita Goyal, Naveen Goyal
- Stage Minicorn
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Sectors
TechnologyEducation
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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 Nopaperforms Solutions Private Limited
- Date of Incorporation 08 Feb, 2017
- Jurisdiction Delhi, India
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Annual Revenue
$8.6 M (USD)48.08as on Mar 31, 2024
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Net Profit
$4.67 K (USD)100.26as on Mar 31, 2024
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EBITDA
$15.42 K (USD)100.91as on Mar 31, 2024
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Total Equity Funding
$5.06 M (USD)
in 3 rounds
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Latest Funding Round
$183.44 K (USD), Series B
May 02, 2023
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Investors
Info Edge
& 1 more
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Employee Count
262
as on Mar 06, 2025
- Investments & Acquisitions
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Funding Insights of Meritto
Meritto has successfully raised a total of $5.06M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $183.44 thousand completed in May 2023. 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 B — $183,435
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First Round
First Round
(07 Nov 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series B - Meritto | Valuation | Trifecta Capital |
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| Dec, 2018 | Amount | Series B - Meritto | Valuation | Info Edge |
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| Nov, 2017 | Amount | Seed - Meritto | Valuation | Info Edge |
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| 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 Meritto
Meritto has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Info Edge and Trifecta Capital. 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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Private debt and equity funds are managed for technology sectors.
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Founded Year | Domain | Location | |
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A multi-group online classifieds company operating across diversified sectors
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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 Meritto
Meritto has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Intelli Admissions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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School discovery and admissions are enabled via an online portal.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Meritto
| 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 |
Meritto Comparisons
Competitors of Meritto
Meritto 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 PowerSchool, Anthology, GoGuardian, LEAD School and Frontline Education, 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 |
Cloud-based software for K-12 education is provided.
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| domain | founded_year | HQ Location |
LMS and CRM solutions are provided for educational institutions.
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| domain | founded_year | HQ Location |
School devices and student activities are monitored via AI platform.
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| domain | founded_year | HQ Location |
Integrated edtech systems are provided for K-12 schools.
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| domain | founded_year | HQ Location |
SaaS-based platform offering management solutions for schools
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| domain | founded_year | HQ Location |
Schools and families are assisted with admissions and enrollment management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Meritto
Frequently Asked Questions about Meritto
When was Meritto founded?
Meritto was founded in 2017.
Where is Meritto located?
Meritto is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Meritto?
Naveen Goyal is the current CEO of Meritto. They have also founded this company.
Is Meritto a funded company?
Meritto is a funded company, having raised a total of $5.06M across 3 funding rounds to date. The company's 1st funding round was a Seed of $879.86K, raised on Nov 07, 2017.
How many employees does Meritto have?
As of Mar 06, 2025, the latest employee count at Meritto is 262.
What is the annual revenue of Meritto?
Annual revenue of Meritto is $8.6M as on Mar 31, 2024.
What does Meritto do?
Meritto was founded in 2017 in Gurugram, India, as a provider of software solutions in the education technology sector. Enrollment and customer relationship management tools are offered to support sales, marketing, admissions, finance, and operations for Ed-tech firms, coaching institutes, study abroad consultants, and K-12 schools. A comprehensive view of the admission lifecycle is facilitated through products including enrollment cloud, education CRM, application platform, chatbot, and payment cloud.
Who are the top competitors of Meritto?
Meritto's top competitors include PowerSchool, LEAD School and GoGuardian.
How many acquisitions has Meritto made?
Meritto has made 1 acquisition, including Intelli Admissions.
Who are Meritto's investors?
Meritto has 2 investors. Key investors include Info Edge, and Trifecta Capital.
What is Meritto's valuation?
The valuation of Meritto is $44.03M as of May 2023.