About Pipemonk
Pipemonk is a Technology company based in Bengaluru (India) founded in 2013 by Satya Krishna Ganni and Rajesh Mallipeddi, and was acquired by Freshworks in January 2017. Cloud-based data integration is provided for SMBs across SaaS applications. Pipemonk has raised $2.17 million across 2 funding rounds from investors including Freshworks, Orios Venture Partners and Helion Venture Partners. Pipemonk was last valued at $435.91 thousand in April 2014. Its Indian entity Zapstitch Technologies Private Limited reported revenue of ₹5.1 Lakh. The company was acqui-hired. Its focus areas include Enterprise Applications, Business Intelligence, Data Preparation and Integration.
Company details
Cloud Data Integration platform that seamlessly integratesmigrates data between various SaaS Apps like SalesForce, NetSuite, Workday, Concur etc, useful for integrating e-commerce, CRM, Accounting, e-mail marketing and HR data. Plug-and-play cloud connectors that allow businesses to set up integrations in under 10 minutes. Working with 125 SMBs in North America, Australia, and the UK as of April 2014. Secured seed funding in April 2014 from Anupam Mittal (founder of People Group Shaadi.com) and other angels. Raised Pre-series A funding from Helion Ventures and Orios venture partners. It was formerly called ZapStich. The company got acquired by Freshdesk in Jan 2017.
- Headquarters Bengaluru, India
- Founders Satya Krishna Ganni, Rajesh Mallipeddi
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website pipemonk.com
- Social LinkedIn X Facebook
- Acquired by Freshworks (Jan 2017)
- Legal Name Zapstitch Technologies Private Limited
- Date of Incorporation 12 Aug, 2013
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹5.1 Lakh
FY 2016 · -44% YoY
- Net Loss-₹1.6 Lakh
FY 2016 · -31% margin
- EBITDA-₹1.2 Lakh
FY 2016 · -24% margin
- Total Equity Funding$2.17M (USD)
in 2 rounds
- Latest Funding Round$2M (USD), Seed
May 2015
- InvestorsFreshworks
& 8 more
- Acquired byFreshworks
(Jan 2017)
Associated legal entities of Pipemonk
Pipemonk operates through Zapstitch Technologies Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2016) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Zapstitch Technologies Private Limited CIN U72200KA2013PTC070529 | Strike Off | 12 Aug 2013 | Bangalore, Karnataka | ₹0.1 Cr | 2 | View details |
Funding Insights of Pipemonk
Pipemonk has successfully raised a total of $2.17M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in May 2015. 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 $2.17M
- Total Rounds 2
- Last Round Seed — $2M
- First Round $165,255
(Apr 2014)
- Investors Count 8
All 2 funding rounds of Pipemonk with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2015 | $2M | Seed | – | – | |
| Apr 2014 | $165,255 | Seed | $435,907 | Orios Venture Partners |
Last known valuation $435,907 (Apr 2014). 9 investors in total: 3 institutional and 6 angel.
Investors in Pipemonk
Pipemonk has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Freshworks, Orios Venture Partners and Helion Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early to late-stage venture capital is invested in Indian sectors. | helionvc.com | Gurugram, India | ||
Venture capital firm focused on early-stage investments | 2013 | oriosvp.com | Mumbai, India | |
Cloud-based business process management suite solutions are delivered. | 2010 | freshworks.com | San Mateo, United States | |
CM Chinmoy Mondal | unknown_71359e36176e4d6ea | |||
NS Nagavaram Sekar | unknown_d3c23cbf65b346759 | |||
SB Sneha Bodhanampati | unknown_4b5a53b8360c43d59 | |||
VR Venkateswara Rao Kaja | unknown_c7816cebd6ff4c788 | |||
VS Vijay Sharma | Founder of Paytm, leading Indian fintech innovator and active angel investor | unknown_9e3b805585b044699 | ||
AM Anupam Mittal | Founder of Shaadi.com, angel investor, Shark Tank India judge | unknown_236789e8b46b4a0a8 |
Investor details for Pipemonk
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Zapstitch Technologies Private Limited (Pipemonk)
Zapstitch Technologies Private Limited is the primary company behind Pipemonk. The board of Zapstitch Technologies Private Limited currently have 2 directors; the longest-serving is Satya Padmanabham Devarakonda, appointed in 2013. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Satya Padmanabham Devarakonda DIN 03563636 | Director | 12 Aug 2013 | 13 yrs 2 mo | Zapstitch Technologies Private Limited |
| Ravi Krishna Kishore Madabhushi DIN 07110528 | Additional Director | 07 Oct 2016 | 10 yrs 1 mo | Zapstitch Technologies Private Limited |
People of Pipemonk
2 people are tracked at Pipemonk (2 in leadership).
| Name | Role | Group |
|---|---|---|
Satya Krishna Ganni | Co-Founder | Leadership |
Rajesh Mallipeddi | Co-Founder | Leadership |
Complete people profiles for Pipemonk
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Pipemonk
Figures of Zapstitch Technologies Private Limited, the primary company behind Pipemonk, for FY 2016. Revenue was ₹5.1 Lakh (-44% year on year). Net loss was -₹1.6 Lakh (-31% margin). EBITDA was -₹1.2 Lakh (-24% margin).
- ₹5.1 LakhRevenue · FY 2016 · -44% YoY
- -₹1.6 LakhNet loss · -31% margin
- -₹1.2 LakhEBITDA · -24% margin
- ₹1.6 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Zapstitch Technologies Private Limited are on its company page.
Detailed financial statements for Pipemonk
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Pipemonk
4 dated milestones of Pipemonk across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Pipemonk is founded.
- Funding First funding round of $165K.
- Funding Latest funding round, Seed, of $2.0M.
- Exit Acquired by Freshworks.
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Related news about Pipemonk
Complete news archive for Pipemonk
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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Frequently Asked Questions about Pipemonk
Pipemonk was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Pipemonk is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Pipemonk is a funded company, having raised a total of $2.17M across 2 funding rounds to date. The company's 1st funding round was a Seed of $165.26K, raised on Apr 2014.
The primary company behind Pipemonk, Zapstitch Technologies Private Limited, reported revenue of ₹5.1 Lakh for FY 2016, down 44% year on year.
Cloud Data Integration platform that seamlessly integratesmigrates data between various SaaS Apps like SalesForce, NetSuite, Workday, Concur etc, useful for integrating e-commerce, CRM, Accounting, e-mail marketing and HR data. Plug-and-play cloud connectors that allow businesses to set up integrations in under 10 minutes. Working with 125 SMBs in North America, Australia, and the UK as of April 2014. Secured seed funding in April 2014 from Anupam Mittal (founder of People Group Shaadi.com) and other angels. Raised Pre-series A funding from Helion Ventures and Orios venture partners. It was formerly called ZapStich. The company got acquired by Freshdesk in Jan 2017.
Pipemonk has 9 investors. Key investors include Freshworks, Orios Venture Partners, Helion Venture Partners, Chinmoy Mondal, and Nagavaram Sekar.
The valuation of Pipemonk is $435.91K as of Apr 2014.
Pipemonk operates through Zapstitch Technologies Private Limited.
Yes. Pipemonk was acquired by Freshworks in January 2017.
The legal entities of Pipemonk currently have 2 directors, including Ravi Krishna Kishore Madabhushi, Satya Padmanabham Devarakonda.