About Polymatech
Polymatech is a company based in Kanchipuram (India) founded in 2007 by Eswara Rao Nandam was acquired by Nandam Family in August 2018.. Polymatech has raised $37.38 million across 3 funding rounds from investors including Walkaroo, EMS Limited and Capital Trade Link. The company has 21 employees as of October 09, 2025. Polymatech has completed 1 acquisition, including Nisene Technology Group. Polymatech offers products and services including Opto-Semiconductor Solutions and Customized Applications.
- Headquarter Kanchipuram, India
- Employees 21 as on 09 Oct, 2025
- Founders Eswara Rao Nandam
- 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
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- Legal Name Polymatech Electronics Limited
- Jurisdiction Oragadam, Tamil Nadu, India
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Annual Revenue
$232.66 K (USD)0as on Mar 31, 2020
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Net Profit
$-34.16 K (USD)-80.21as on Mar 31, 2020
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EBITDA
$-18.52 K (USD)0as on Mar 31, 2020
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Total Equity Funding
$37.38 M (USD)
in 3 rounds
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Latest Funding Round
$24.53 M (USD), Series C
Aug 03, 2023
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Investors
Walkaroo
& 30 more
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Employee Count
21
as on Oct 09, 2025
- Investments & Acquisitions
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Acquired by
Nandam Family
(Aug 01, 2018)
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Products & Services of Polymatech
Polymatech offers a comprehensive portfolio of products and services, including Opto-Semiconductor Solutions and Customized Applications. 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.
Delivers innovative solutions for data connectivity and business efficiency.
Develops versatile apps for mobiles and tablets with lower power use.
Funding Insights of Polymatech
Polymatech has successfully raised a total of $37.38M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $24.53 million completed in August 2023. 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 3
- Last Round Series C — $24.5M
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First Round
First Round
(30 Jan 2023)
- Investors Count 30
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series C - Polymatech | Valuation | Turning Leaf Asset Management , SKG | |
| Mar, 2023 | Amount | Series B - Polymatech | Valuation | Ayan Corporate Advisors , Corporatemakers | |
| Jan, 2023 | Amount | Series A - Polymatech | Valuation | pesopie.com , Mahabir Trade Ventures |
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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 Polymatech
Polymatech has secured backing from 31 investors, including institutional and venture fund investors. Prominent investors backing the company include Walkaroo, EMS Limited and Capital Trade Link. 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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Seed-stage venture capital investments are targeted by Singhvi Heritage.
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Founded Year | Domain | Location | |
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Investment funding and strategic guidance are provided by Auxano.
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Founded Year | Domain | Location | |
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Provides investment management services as an asset management company.
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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 Polymatech
Polymatech has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Nisene Technology Group. 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
|
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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Automated decapsulation technology is provided for semiconductor manufacturing.
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1979 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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.
|
2014 |
Financial Statements - Polymatech
| 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 |
Polymatech Comparisons
Competitors of Polymatech
| 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 Polymatech
Frequently Asked Questions about Polymatech
When was Polymatech founded?
Polymatech was founded in 2007 and raised its 1st funding round 16 years after it was founded.
Where is Polymatech located?
Polymatech is headquartered in Kanchipuram, India. It is registered at Kanchipuram, Tamil Nadu, India.
Who is the current CEO of Polymatech?
Eswara Rao Nandam is the current CEO of Polymatech. They have also founded this company.
Is Polymatech a funded company?
Polymatech is a funded company, having raised a total of $37.38M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6.01M, raised on Jan 30, 2023.
How many employees does Polymatech have?
As of Oct 09, 2025, the latest employee count at Polymatech is 21.
What is the annual revenue of Polymatech?
Annual revenue of Polymatech is $232.66K as on Mar 31, 2020.
What does Polymatech do?
Provider of design, development, and manufacturer of semiconductor chips. It offers a range of products includes microcontrollers, Opto-Semiconductor chips, 5G and 6G semiconductor components, and memory modules. It also catering their products to applications such as horticulture night vision lights, photodynamic therapy, print curing surgery lights, vein finders, and water sanitisation.
What products or services does Polymatech offer?
Polymatech offers Opto-Semiconductor Solutions and Customized Applications.
How many acquisitions has Polymatech made?
Polymatech has made 1 acquisition, including Nisene Technology Group.
Who are Polymatech's investors?
Polymatech has 31 investors. Key investors include Walkaroo, EMS Limited, Capital Trade Link, Pesopie, and Mi Lifestyle.
What is Polymatech's valuation?
The valuation of Polymatech is $288.6M as of Aug 2023.