About NSOFT
NSOFT is a company based in Bengaluru (India) founded in 2006 by Naagaraj Subramanya, H Subramanya, and Mangala Nagaraj. NSOFT has raised $1.78 million across 3 funding rounds from investors including Canbank VC, Seetha Lakshmi and Meena Ravikrishna. The company has 708 employees as of April 01, 2024. NSOFT offers products and services including Smart Metering, TRM Solution, and Utility ERP. NSOFT operates in a competitive market with competitors including Particle, Signify, Danfoss, Landis+Gyr and Tibber, among others.
- Headquarter Bengaluru, India
- Employees 708 as on 01 Apr, 2024
- Founders Naagaraj Subramanya, H Subramanya, Mangala Nagaraj
- Stage Minicorn
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Sectors
TechnologyBusiness Services Energy & Utilities Real Estate & Construction
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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 Nsoft (India) Services Private Limited
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$7.39 M (USD)24.86as on Mar 31, 2024
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Net Profit
$249.25 K (USD)17.76as on Mar 31, 2024
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EBITDA
$1.62 M (USD)6.82as on Mar 31, 2024
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Total Equity Funding
$1.78 M (USD)
in 3 rounds
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Latest Funding Round
$963.23 K (USD), Seed
Nov 03, 2017
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Investors
Canbank VC
& 3 more
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Employee Count
708
as on Apr 01, 2024
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Products & Services of NSOFT
NSOFT offers a comprehensive portfolio of products and services, including Smart Metering, TRM Solution, and Utility ERP.
End-to-end system for automatic meter reading and data management.
Software for billing, collections, and operational analytics.
Platform for financial and process automation in utilities.
Funding Insights of NSOFT
NSOFT has successfully raised a total of $1.78M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $963.23 thousand completed in November 2017. 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 NSOFT
NSOFT has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Canbank VC, Seetha Lakshmi and Meena Ravikrishna.
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Seetha Lakshmi |
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Meena Ravikrishna |
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Investor details for NSOFT
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Investments & Acquisitions by NSOFT
Investment portfolio details for NSOFT
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Financial Statements - NSOFT
Detailed financials for NSOFT
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Nsoft Comparisons
Peer comparison for NSOFT
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Competitors of NSOFT
NSOFT 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 Particle, Signify, Danfoss, Landis+Gyr and Tibber, among others.
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IoT connectivity platform from prototype to production is developed.
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Signify is recognized as a global leader in lighting solutions.
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Manufacturer of energy efficiency products
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End-to-end energy management solutions are provided for utilities worldwide.
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Provider of solutions for energy monitoring for residential building
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Energy efficiency and smart grid management solutions
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Detailed competitors of NSOFT
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Latest news on Nsoft
Complete news archive for NSOFT
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Frequently Asked Questions about NSOFT
NSOFT was founded in 2006 and raised its 1st funding round 3 years after it was founded.
NSOFT is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
NSOFT is a funded company, having raised a total of $1.78M across 3 funding rounds to date.
As of Apr 01, 2024, the latest employee count at NSOFT is 708.
Annual revenue of NSOFT is $7.39M as on Mar 31, 2024.
Provider of IoT-based billing and energy management solutions. It provides advanced metering infrastructure and software solutions for billing and energy management to utility services provides and electricity distribution companies. Provides a module that can be integrated with existing meters at the consumer end and can transmit energy data to the system installed at the utility end using RF, LoRaWan technologies over the electricity lines. Allows integration with mobile app and other systems. Also, provides an ERP system for automation at utility service providers end with features like finance accounts, works projects department, inventory, revenues and expenses, receivable management, and others.
NSOFT's top competitors include Particle, Landis+Gyr and Danfoss.
NSOFT offers Smart Metering, TRM Solution, and Utility ERP.
NSOFT has 4 investors. Key investors include Canbank VC, Seetha Lakshmi, Meena Ravikrishna, and Madhavi Radhakrishna.
The valuation of NSOFT is $7.09M as of Nov 2017.