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.
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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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.
| 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 |
Investments & Acquisitions by Polymatech
Polymatech has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Nisene Technology Group.
| 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 |
Financial Statements - Polymatech
Polymatech Comparisons
Competitors of Polymatech
Latest news on Polymatech
Frequently Asked Questions about Polymatech
Polymatech was founded in 2007 and raised its 1st funding round 16 years after it was founded.
Polymatech is headquartered in Kanchipuram, India. It is registered at Kanchipuram, Tamil Nadu, India.
Eswara Rao Nandam is the current CEO of Polymatech. They have also founded this 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.
As of Oct 09, 2025, the latest employee count at Polymatech is 21.
Annual revenue of Polymatech is $232.66K as on Mar 31, 2020.
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.
Polymatech offers Opto-Semiconductor Solutions and Customized Applications.
Polymatech has made 1 acquisition, including Nisene Technology Group.
Polymatech has 31 investors. Key investors include Walkaroo, EMS Limited, Capital Trade Link, Pesopie, and Mi Lifestyle.
The valuation of Polymatech is $288.6M as of Aug 2023.