About Plustxt
Plustxt is a Telecommunications company based in Bengaluru (India) founded in 2012, and was acquired by One97 Communications in August 2013. Text messaging application for Indian languages is provided. It operates in the Telecommunications and Media & Entertainment sectors. The company was acqui-hired. Its focus areas include Consumer, Communication Apps, Messaging and Generic. Its legal entity in India is Plustext Mobile Solutions Private Limited (U72200KA2012PTC063859).
Company details
Plustxt is a text messaging application optimized for India languages. The application offers Indic word predictions based on the letter the user types. It also enables users to send and receive text messages and replaces their default SMS application with Plustxt. It provides full control to the sender over the text heshe sends by allowing the sender to decide whether the recipient cancant copy or forward the text to others. Supported languages include Hindi, Tamil, Marathi, Punjabi, Malayalam, and Gujarati. It is compatible with Android and iOS devices. In 2013, it had a registered user base of 2.5 lakh and was acquired by One97 Communications for approximately 2 million in the same year.
- Headquarters Bengaluru, India
- Stage Acquired
- SectorsTelecommunicationsMedia & Entertainment
- Email••••••••
- Website plustxt.com
- Social LinkedIn X Facebook
- Acquired by One97 Communications (Aug 2013)
- Legal Name Plustext Mobile Solutions Private Limited
- Date of Incorporation 07 May, 2012
- Jurisdiction Bangalore, Karnataka, India
- Net Profit-$22.15 K (USD)as on Mar 31, 2013
- EBITDA-$22.02 K (USD)as on Mar 31, 2013
- InvestorsMumbai Angels
& 2 more
- Acquired byOne97 Communications
(Aug 2013)
Associated legal entities of Plustxt
Plustxt operates through Plustext Mobile Solutions Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Plustext Mobile Solutions Private Limited CIN U72200KA2012PTC063859 | Strike Off | 07 May 2012 | Bangalore, Karnataka | 2 | View details |
Funding Insights of Plustxt
- Total Rounds 1
- Investors Count 2
All 1 funding rounds of Plustxt 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 |
|---|---|---|---|---|---|
| Apr 2013 | Angel Round | – | Mumbai Angels, Amit Gupta | – |
3 investors in total: 2 institutional and 1 angel.
Investors in Plustxt
Plustxt has secured backing from 3 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Mumbai Angels, One97 Communications and Amit Gupta.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture investments are facilitated by Mumbai Angels network. | 2006 | mumbaiangels.com | Mumbai, India | |
Wallet-based payment solutions are provided for consumers and businesses. | 2000 | one97.com | Noida, India | |
AG Amit Gupta | Founder of Asianet News, active angel investor in Indian startups | unknown_c00942397c4c4b80a |
Investor details for Plustxt
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 Plustext Mobile Solutions Private Limited (Plustxt)
Plustext Mobile Solutions Private Limited is the primary company behind Plustxt. The board of Plustext Mobile Solutions Private Limited currently have 2 directors; the longest-serving is Pratyush Prasanna, appointed in 2012. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pratyush Prasanna DIN 03372347 | Managing Director | 07 May 2012 | 14 yrs 6 mo | Plustext Mobile Solutions Private Limited |
| Debendra Kumar Biswal DIN 06868032 | Director | 13 May 2014 | 12 yrs 5 mo | Plustext Mobile Solutions Private Limited |
Timeline of Plustxt
3 dated milestones of Plustxt across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Plustxt is founded.
- Funding First funding round.
- Exit Acquired by One97 Communications.
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Frequently Asked Questions about Plustxt
Plustxt was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Plustxt is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Plustxt is a text messaging application optimized for India languages. The application offers Indic word predictions based on the letter the user types. It also enables users to send and receive text messages and replaces their default SMS application with Plustxt. It provides full control to the sender over the text heshe sends by allowing the sender to decide whether the recipient cancant copy or forward the text to others. Supported languages include Hindi, Tamil, Marathi, Punjabi, Malayalam, and Gujarati. It is compatible with Android and iOS devices. In 2013, it had a registered user base of 2.5 lakh and was acquired by One97 Communications for approximately 2 million in the same year.
Plustxt has 3 investors. Key investors include Mumbai Angels, One97 Communications, and Amit Gupta.
Plustxt operates through Plustext Mobile Solutions Private Limited.
Yes. Plustxt was acquired by One97 Communications in August 2013.
The legal entities of Plustxt currently have 2 directors, including Debendra Kumar Biswal, Pratyush Prasanna.