About Prodapt
Prodapt is a company based in Chennai (India) founded in 1999 by Vedant Jhaver.. Prodapt has raised $75.45 million across 3 funding rounds from investors including ServiceNow, Liberty Global and Affirma Capital. The company has 3,648 employees as of April 03, 2024. Prodapt has completed 3 acquisitions, including Innovative Logic, SLR Dynamics and Synophic. Prodapt offers products and services including Generative Enterprise Modernization, Generative Digital Engineering, Data Modernization & AI, Autonomous Operations, and ServiceNow. Prodapt operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
- Headquarter Chennai, India
- Employees 3648 as on 03 Apr, 2024
- Founders Vedant Jhaver
- 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 Prodapt Solutions Pvt. Ltd.
- Jurisdiction Chennai City Corporation, Tamil Nadu, India
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Annual Revenue
$218.96 M (USD)45.7as on Mar 31, 2023
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Net Profit
$26.26 M (USD)10.2as on Mar 31, 2023
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EBITDA
$39.07 M (USD)52.38as on Mar 31, 2023
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Total Equity Funding
$75.45 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
ServiceNow
& 2 more
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Employee Count
3648
as on Apr 03, 2024
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Investments & Acquisitions
Innovative Logic
& 2 more
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Products & Services of Prodapt
Prodapt offers a comprehensive portfolio of products and services, including Generative Enterprise Modernization, Generative Digital Engineering, Data Modernization & AI, Autonomous Operations, and ServiceNow. 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.
AI suite for modernizing tech stacks in telecommunications.
Services for accelerating product engineering and testing.
Solutions for designing enterprise data platforms and AI adoption.
AI-first managed services for IT and network operations.
Accelerators for business workflows and cloud integration.
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Funding Insights of Prodapt
Prodapt has successfully raised a total of $75.45M across 3 strategic funding rounds. 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 Last Round
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First Round
First Round
(16 Jan 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Unspecified - Prodapt | Valuation | ServiceNow |
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| Sep, 2019 | Amount | Unspecified - Prodapt | Valuation | Affirma Capital |
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| Jan, 2017 | Amount | Unspecified - Prodapt | Valuation | Liberty Global |
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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 Prodapt
Prodapt has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include ServiceNow, Liberty Global and Affirma Capital. 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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Acquisitions and buyouts are targeted by the private equity firm.
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Founded Year | Domain | Location | |
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Unified IT management is delivered through a cloud-based platform.
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Founded Year | Domain | Location | |
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Mobile communication and broadband network services are provided worldwide.
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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 Prodapt
Prodapt has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Innovative Logic, SLR Dynamics and Synophic. 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
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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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Managed IT services are provided to businesses by SLR Dynamics.
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2018 | ||||
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IT service suite solutions are provided to clients.
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2009 | ||||
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ASIC, FPGA, and firmware design services with IP are provided.
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2005 |
| 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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Prodapt
| 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 |
Prodapt Comparisons
Competitors of Prodapt
Prodapt 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 UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
Multi-access edge networking computing platform is provided for mobile services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Prodapt
Frequently Asked Questions about Prodapt
When was Prodapt founded?
Prodapt was founded in 1999 and raised its 1st funding round 18 years after it was founded.
Where is Prodapt located?
Prodapt is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Prodapt?
Manish Vyas is the current CEO of Prodapt.
Is Prodapt a funded company?
Prodapt is a funded company, having raised a total of $75.45M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $454.11K, raised on Jan 16, 2017.
How many employees does Prodapt have?
As of Apr 03, 2024, the latest employee count at Prodapt is 3,648.
What is the annual revenue of Prodapt?
Annual revenue of Prodapt is $218.96M as on Mar 31, 2023.
What does Prodapt do?
Prodapt was founded in 1999 and is headquartered in Chennai, India. Operations are focused on the IT services sector, where solutions are delivered to businesses globally. Services encompass IT agility, digital transformation, network design and implementation, and product engineering. The company supports various industries through these technical offerings, with leadership including a founder and CEO.
Who are the top competitors of Prodapt?
Prodapt's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
What products or services does Prodapt offer?
Prodapt offers Generative Enterprise Modernization, Generative Digital Engineering, Data Modernization & AI, Autonomous Operations, and ServiceNow.
How many acquisitions has Prodapt made?
Prodapt has made 3 acquisitions, including Innovative Logic, SLR Dynamics, and Synophic.
Who are Prodapt's investors?
Prodapt has 3 investors. Key investors include ServiceNow, Liberty Global, and Affirma Capital.
What is Prodapt's valuation?
The valuation of Prodapt is $23.86M as of Jan 2017.
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