About MeritTrac
MeritTrac is a company based in Bengaluru (India) founded in 2000 by Madan Padaki was acquired by Manipal Group in May 2007. MeritTrac has raised $7.67 million across 2 funding rounds from investors including Manipal Group. The company has 164 employees as of April 07, 2024. MeritTrac offers products and services including TalentNext, MeritTrac Pariksha, Remote Proctoring, and SpeechTrac. MeritTrac operates in a competitive market with competitors including Cappfinity, Aspiring Minds, TestGorilla, Mikiwame and The Selection Lab, among others.
- Headquarter Bengaluru, India
- Employees 164 as on 07 Apr, 2024
- Founders Madan Padaki
- 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 Merittrac Services Private Limited
- Date of Incorporation 04 Aug, 2000
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$10.21 M (USD)20.14as on Mar 31, 2023
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Net Profit
-$3.51 M (USD)-34.16as on Mar 31, 2023
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EBITDA
-$2.35 M (USD)-80.85as on Mar 31, 2023
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Total Equity Funding
$7.67 M (USD)
in 2 rounds
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Latest Funding Round
$4.06 M (USD), Series A
May 25, 2007
- Investors
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Employee Count
164
as on Apr 07, 2024
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Acquired by
Manipal Group
(May 29, 2007)
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Products & Services of MeritTrac
MeritTrac offers a comprehensive portfolio of products and services, including TalentNext, MeritTrac Pariksha, Remote Proctoring, and SpeechTrac.
Software for streamlining recruitment and talent acquisition processes
System for online exams, proctoring, and digital evaluations
AI-driven tool for secure remote assessment monitoring
Platform for evaluating communication and behavioral skills
People of MeritTrac
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Funding Insights of MeritTrac
MeritTrac has successfully raised a total of $7.67M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.06 million completed in May 2007. 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 MeritTrac
MeritTrac has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Manipal Group.
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Education, healthcare, insurance, and research services are provided globally.
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Investor details for MeritTrac
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Investments & Acquisitions by MeritTrac
Investment portfolio details for MeritTrac
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Financial Statements - MeritTrac
Detailed financials for MeritTrac
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Merittrac Comparisons
Peer comparison for MeritTrac
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Competitors of MeritTrac
MeritTrac 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 Cappfinity, Aspiring Minds, TestGorilla, Mikiwame and The Selection Lab, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cappfinity is recognized as a leader in talent acquisition and management solutions.
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AI-based assessments for enterprise candidate skills are provided.
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Cloud-based software for pre-employment testing and recruitment automation is offered.
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Cloud-based aptitude and personality test platform for enterprises
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Enterprise recruitment is managed via software with analytics and assessments.
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Detailed competitors of MeritTrac
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Latest news on Merittrac
Complete news archive for MeritTrac
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Frequently Asked Questions about MeritTrac
MeritTrac was founded in 2000 and raised its 1st funding round 5 years after it was founded.
MeritTrac is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sujatha Kumaraswamy. is the current CEO of MeritTrac.
MeritTrac is a funded company, having raised a total of $7.67M across 2 funding rounds to date.
As of Apr 07, 2024, the latest employee count at MeritTrac is 164.
Annual revenue of MeritTrac is $10.21M as on Mar 31, 2023.
MeritTrac was founded in 2000 and is based in Bengaluru, India. Operations focus on the assessment sector, where services are extended to enterprises for talent acquisition and skills development through recruitment tools, psychometric tests, and evaluations. Educational institutions receive examination management, remote proctoring, and digital platforms. AI-driven systems are employed to handle secure delivery, spanning test design, execution, reporting, and analytics across the lifecycle.
MeritTrac's top competitors include Cappfinity, Mikiwame and TestGorilla.
MeritTrac offers TalentNext, MeritTrac Pariksha, Remote Proctoring, and SpeechTrac.
MeritTrac has 1 investor. Key investors include Manipal Group.
The valuation of MeritTrac is $8.52M as of May 2007.