About Netmagic Solutions
Netmagic Solutions is a company based in Mumbai (India) founded in 1999 was acquired by NTT Communications in January 2012.. Netmagic Solutions has raised $48.61 million across 4 funding rounds from investors including Nexus Venture Partners, Fidelity International and Cisco Investments. Netmagic Solutions has completed 1 acquisition, including ActOnCloud. Netmagic Solutions operates in a competitive market with competitors including Equinix, IBM, Hewlett Packard Enterprise, Oracle and Nutanix, among others.
- Headquarter Mumbai, India
- Stage Minicorn
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$341.48 M (USD)22as on Mar 31, 2024
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Net Profit
$4.86 M (USD)-78as on Mar 31, 2024
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EBITDA
$129.37 M (USD)16as on Mar 31, 2024
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Total Equity Funding
$48.61 M (USD)
in 4 rounds
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Latest Funding Round
$8.76 M (USD), Series B
Jun 30, 2011
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Investors
Nexus Venture Partners
& 9 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
NTT Communications
(Jan 25, 2012)
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Operations Team
18 people
Software Development Team
18 people
Sales and Marketing
6 people
Senior Team
4 people
Data Analysis and Operations Team
4 people
Finance and Accounting
4 people
Human Resources and Administration
3 people
Project Team
3 people
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Funding Insights of Netmagic Solutions
Netmagic Solutions has successfully raised a total of $48.61M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $8.76 million completed in June 2011. 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 4
- Last Round Series B — $8.8M
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First Round
First Round
(01 Jun 2000)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2011 | Amount | Series B - Netmagic Solutions | Valuation | NGP Capital | |
| Oct, 2010 | Amount | Series B - Netmagic Solutions | Valuation | NGP Capital , Cisco Investments | |
| Jan, 2008 | Amount | Series B - Netmagic Solutions | Valuation | Nexus Venture Partners , Eight Roads Ventures |
| 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 Netmagic Solutions
Netmagic Solutions has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Nexus Venture Partners, Fidelity International and Cisco Investments. 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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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location | |
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Technology investments and expertise in networking, cloud, and security services.
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Founded Year | Domain | Location | |
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Venture capital firm focused on B2B companies
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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 Netmagic Solutions
Netmagic Solutions has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ActOnCloud. 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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Cloud platform for customer analytics and churn reduction is provided.
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2014 |
| 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 - Netmagic Solutions
| 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 |
Netmagic Solutions Comparisons
Competitors of Netmagic Solutions
Netmagic Solutions 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 Equinix, IBM, Hewlett Packard Enterprise, Oracle and Nutanix, 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 |
Provider of colocation data center services
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| domain | founded_year | HQ Location |
Hybrid cloud and DevOps automation are delivered to enterprises.
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| domain | founded_year | HQ Location |
HPC solutions are delivered via supercomputers and storage systems.
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| domain | founded_year | HQ Location |
Hybrid cloud infrastructure solutions are delivered for business management.
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| domain | founded_year | HQ Location |
AI-powered cloud management software is delivered for enterprises.
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| domain | founded_year | HQ Location |
Hybrid cloud solutions are delivered to enterprises in diverse industries.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Netmagic Solutions
Frequently Asked Questions about Netmagic Solutions
When was Netmagic Solutions founded?
Netmagic Solutions was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Where is Netmagic Solutions located?
Netmagic Solutions is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Netmagic Solutions a funded company?
Netmagic Solutions is a funded company, having raised a total of $48.61M across 4 funding rounds to date. The company's 1st funding round was a Series B of $20.15M, raised on Jun 01, 2000.
What is the annual revenue of Netmagic Solutions?
Annual revenue of Netmagic Solutions is $341.48M as on Mar 31, 2024.
What does Netmagic Solutions do?
Netmagic Solutions was founded in 1999 and is headquartered in Mumbai, India. Operations focus on the data center and cloud infrastructure sector, where colocation services including racks, cabinets, and cages are offered across facilities. IT infrastructure for mission-critical applications is planned, designed, managed, supported, and migrated. Infrastructure as a Service (IaaS) encompasses public cloud, hybrid cloud, managed security, and cloud object storage, serving various industries through lifecycle management solutions.
Who are the top competitors of Netmagic Solutions?
Netmagic Solutions's top competitors include Equinix, Kingsoft Cloud and Oracle.
How many acquisitions has Netmagic Solutions made?
Netmagic Solutions has made 1 acquisition, including ActOnCloud.
Who are Netmagic Solutions's investors?
Netmagic Solutions has 10 investors. Key investors include Nexus Venture Partners, Fidelity International, Cisco Investments, NTT Communications, and Eight Roads Ventures.
What is Netmagic Solutions's valuation?
The valuation of Netmagic Solutions is $85.89M as of Jun 2011.
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