About Niveus Solutions
Niveus Solutions is a company based in Udupi (India) founded in 2013 by Rashmi George, Suyog Shetty, Roshan Bava, and Mohsin Maidin Khan was acquired by NTT in November 2024.. Niveus Solutions has raised $728.89 thousand across 2 funding rounds from investors including NTT, Sharad Sanghi and Seema Hitha Shetty. The company has 947 employees as of March 21, 2025. Niveus Solutions offers products and services including Application Modernization, Data Modernization, Infrastructure Modernization, Cloud Security, and Cloud Consulting. Niveus Solutions operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Udupi, India
- Employees 947 as on 21 Mar, 2025
- Founders Rashmi George, Suyog Shetty, Roshan Bava, Mohsin Maidin Khan
- 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
*********
- Legal Name Niveus Solutions Private Limited
- Date of Incorporation 17 Apr, 2013
- Jurisdiction Udupi, Karnataka, India
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Annual Revenue
$24.65 M (USD)64.52as on Mar 31, 2024
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Net Profit
$228.64 K (USD)147.48as on Mar 31, 2024
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EBITDA
$267.5 K (USD)129.02as on Mar 31, 2024
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Total Equity Funding
$728.89 K (USD)
in 2 rounds
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Latest Funding Round
$658.5 K (USD), Angel Round
Apr 11, 2022
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Investors
NTT
& 3 more
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Employee Count
947
as on Mar 21, 2025
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Acquired by
NTT
(Nov 29, 2024)
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Products & Services of Niveus Solutions
Niveus Solutions offers a comprehensive portfolio of products and services, including Application Modernization, Data Modernization, Infrastructure Modernization, Cloud Security, and Cloud Consulting. 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.
Service for modernizing applications using Kubernetes and migration tools
Re-engineering ETL processes for cloud-based analytics and intelligence
VM migration and optimization for hybrid cloud environments
Provides endpoint and compliance security for cloud resources
Strategic planning for cloud adoption and data insights
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Cloud Team
100 people
Software Development Team
23 people
Sales and Marketing
20 people
Product Management Team
8 people
Leadership Team
7 people
Project Team
5 people
Data Analysis and Operations Team
3 people
Human Resources and Administration
3 people
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Funding Insights of Niveus Solutions
Niveus Solutions has successfully raised a total of $728.89K across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $658.5 thousand completed in April 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 2
- Last Round Angel Round — $658,500
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First Round
First Round
(15 Feb 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Angel Round - Niveus Solutions | Valuation | Sharad Sanghi |
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| Feb, 2019 | Amount | Angel Round - Niveus Solutions | Valuation | Seema Hitha Shetty , Sunil Roshan Dsouza |
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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 Niveus Solutions
Niveus Solutions has secured backing from 4 investors, including angel investors. Prominent investors backing the company include NTT, Sharad Sanghi and Seema Hitha Shetty. 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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SS
Sharad Sanghi |
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Founded Year | Domain | Location |
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SH
Seema Hitha Shetty |
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Founded Year | Domain | Location |
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SR
Sunil Roshan Dsouza |
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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 Niveus Solutions
| 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 - Niveus 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 |
Niveus Solutions Comparisons
Competitors of Niveus Solutions
Niveus 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 UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, 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 |
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| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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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 Niveus Solutions
Frequently Asked Questions about Niveus Solutions
When was Niveus Solutions founded?
Niveus Solutions was founded in 2013 and raised its 1st funding round 6 years after it was founded.
Where is Niveus Solutions located?
Niveus Solutions is headquartered in Udupi, India. It is registered at Udupi, Karnataka, India.
Who is the current CEO of Niveus Solutions?
Suyog Shetty is the current CEO of Niveus Solutions. They have also founded this company.
Is Niveus Solutions a funded company?
Niveus Solutions is a funded company, having raised a total of $728.89K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $70.39K, raised on Feb 15, 2019.
How many employees does Niveus Solutions have?
As of Mar 21, 2025, the latest employee count at Niveus Solutions is 947.
What is the annual revenue of Niveus Solutions?
Annual revenue of Niveus Solutions is $24.65M as on Mar 31, 2024.
What does Niveus Solutions do?
Niveus Solutions was founded in 2013 in Udupi, India, and operates within the cloud computing sector. Application, data, and infrastructure modernization services are offered, along with migration support, cloud security, and managed solutions. Cloud consulting and DevOps assistance are also provided to enterprises seeking to optimize their cloud environments and applications.
Who are the top competitors of Niveus Solutions?
Niveus Solutions's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does Niveus Solutions offer?
Niveus Solutions offers Application Modernization, Data Modernization, Infrastructure Modernization, Cloud Security, and Cloud Consulting.
Who are Niveus Solutions's investors?
Niveus Solutions has 4 investors. Key investors include NTT, Sharad Sanghi, Seema Hitha Shetty, and Sunil Roshan Dsouza.
What is Niveus Solutions's valuation?
The valuation of Niveus Solutions is $38.16M as of Apr 2022.