About Profit
Profit is a company based in Fremont (United States) founded in 2010 by Bastin Gerald.. Profit has raised $9 million across 2 funding rounds from investors including Elevation Capital. The company has 164 employees as of January 27, 2025. Profit offers products and services including OKR Management Software, Performance Management Software, Task Management Software, and Employee Engagement Software. Profit operates in a competitive market with competitors including Workday, Kronos, People Strong, Paylocity and Ceridian, among others.
- Headquarter Fremont, United States
- Employees 164 as on 27 Jan, 2025
- Founders Bastin Gerald
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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 Profit Apps India Private Limited
- Date of Incorporation 10 Nov, 2021
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$2.39 M (USD)17.13as on Mar 31, 2024
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Net Profit
$235.89 K (USD)998.44as on Mar 31, 2024
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EBITDA
$313.82 K (USD)401.75as on Mar 31, 2024
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Total Equity Funding
$9 M (USD)
in 2 rounds
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Latest Funding Round
$9 M (USD), Series B
Aug 01, 2022
- Investors
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Employee Count
164
as on Jan 27, 2025
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Products & Services of Profit
Profit offers a comprehensive portfolio of products and services, including OKR Management Software, Performance Management Software, Task Management Software, and Employee Engagement Software. 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.
Tool for setting and tracking objectives to align strategies and measure progress.
Platform for monitoring team performance and conducting reviews effectively.
System to organize tasks and workflows aligned with company goals.
Software for rewards, surveys, and feedback to boost workplace motivation.
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Funding Insights of Profit
Profit has successfully raised a total of $9M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $9 million completed in August 2022. 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 2
- Last Round Series B — $9.0M
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First Round
First Round
(01 Aug 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Debt – Conventional - Profit | Valuation |
investors |
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| Aug, 2022 | Amount | Series B - Profit | Valuation | Elevation Capital |
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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 Profit
Profit has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Elevation 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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Elevation Capital is focused on early-stage tech investments in India.
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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 Profit
| 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 |
Financial Statements - Profit
| 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 |
Profit Comparisons
Competitors of Profit
Profit 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 Workday, Kronos, People Strong, Paylocity and Ceridian, 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 |
Cloud-based HR and financial software is delivered to enterprises.
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| domain | founded_year | HQ Location |
HCM software solutions for enterprise workforce management are provided.
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| domain | founded_year | HQ Location |
Cloud-based human resource management software is offered.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based human capital management software is provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based human capital management software is delivered globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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 Profit
Frequently Asked Questions about Profit
When was Profit founded?
Profit was founded in 2010 and raised its 1st funding round 12 years after it was founded.
Where is Profit located?
Profit is headquartered in Fremont, United States. It is registered at Fremont, California, United States.
Is Profit a funded company?
Profit is a funded company, having raised a total of $9M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $2M, raised on Aug 01, 2022.
How many employees does Profit have?
As of Jan 27, 2025, the latest employee count at Profit is 164.
What is the annual revenue of Profit?
Annual revenue of Profit is $2.39M as on Mar 31, 2024.
What does Profit do?
Profit was founded in 2010 in Fremont, United States, as a provider of cloud-based performance management software. Goal management is facilitated through features including task management, OKR tracking, employee engagement tools, and performance evaluation. The platform is accessible via applications on the Google Play Store and Apple App Store. Operations are supported by subscription-based pricing models in the software sector.
Who are the top competitors of Profit?
Profit's top competitors include Workday, SuccessFactors and GreytHR.
What products or services does Profit offer?
Profit offers OKR Management Software, Performance Management Software, Task Management Software, and Employee Engagement Software.
Who are Profit's investors?
Profit has 1 investor. Key investors include Elevation Capital.