About ProvenTech
ProvenTech is a company based in Hyderabad (India) founded in 2020 was acquired by NTT DATA Business Solutions in June 2024. ProvenTech has raised $119.83 thousand across 1 funding round from investors including NTT DATA Business Solutions and Sagitaur. The company has 230 employees as of April 09, 2024. ProvenTech operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Hyderabad, India
- Employees 230 as on 09 Apr, 2024
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Proventech Consulting Private Limited
- Date of Incorporation 14 Feb, 2020
- Jurisdiction Shaikpet, Telangana, India
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Annual Revenue
$3.37 M (USD)82.57as on Mar 31, 2024
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Net Profit
$764.83 K (USD)147.58as on Mar 31, 2024
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EBITDA
$1.22 M (USD)165.03as on Mar 31, 2024
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Total Equity Funding
$119.83 K (USD)
in 1 rounds
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Latest Funding Round
$119.83 K (USD), Seed
Oct 25, 2021
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Investors
NTT DATA Business Solutions
& 1 more
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Employee Count
230
as on Apr 09, 2024
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Acquired by
NTT DATA Business Solutions
(Jun 11, 2024)
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Funding Insights of ProvenTech
ProvenTech has successfully raised a total of $119.83K through 1 strategic funding round. The most recent funding activity was a Seed round of $119.83 thousand completed in October 2021. 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.
Investors in ProvenTech
ProvenTech has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include NTT DATA Business Solutions and Sagitaur.
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Develops solar power parks, infrastructure, and maintenance services for green energy.
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Offers a comprehensive suite of IT services to support and streamline daily business operations.
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Investor details for ProvenTech
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Investments & Acquisitions by ProvenTech
Investment portfolio details for ProvenTech
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Financial Statements - ProvenTech
Detailed financials for ProvenTech
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Proventech Comparisons
Peer comparison for ProvenTech
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Competitors of ProvenTech
ProvenTech 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 Accenture, among others.
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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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IT outsourcing services are delivered across multiple business lines.
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IT and management consultancy services are provided globally.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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Detailed competitors of ProvenTech
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Latest news on Proventech
Complete news archive for ProvenTech
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Frequently Asked Questions about ProvenTech
ProvenTech was founded in 2020 and raised its 1st funding round 1 year after it was founded.
ProvenTech is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Raju Venkata is the current CEO of ProvenTech.
ProvenTech is a funded company, having raised a total of $119.83K across 1 funding round to date.
As of Apr 09, 2024, the latest employee count at ProvenTech is 230.
Annual revenue of ProvenTech is $3.37M as on Mar 31, 2024.
ProvenTech, backed by 119828.0 from Sagitaur, focuses on providing business support, providing IT services, and suite. Provider of data analytics, ERP, blockchain, and other services. Driving innovation, growth, and excellence in its industry sectors. It continues to evolve, meeting industry challenges with strategic approaches.
ProvenTech's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
ProvenTech has 2 investors. Key investors include NTT DATA Business Solutions, and Sagitaur.
The valuation of ProvenTech is $799.06K as of Oct 2021.