About Purpleslate
Purpleslate is a Technology company based in Chennai (India) founded in 2017 by Sivaram Parameswaran and Magesh Mahadevan. Conversational AI solutions are developed through a specialized platform. Purpleslate has raised $239.95 thousand across 1 funding round from investors including iLink Digital. Purpleslate was last valued at $501.72 thousand in January 2019. Its Indian entity Purpleslate Private Limited reported revenue of ₹14.74 Cr. Its focus areas include High Tech, Chatbots, Industry Agnostic and Customer Support.
Company details
Purpleslate was established in 2017 in Chennai, India, within the conversational AI sector. NLP-based custom text and voice bots are created for customer experience and engagement purposes. A low-code platform is offered for virtual data analytics solutions and customized virtual assistants. Operations focus on enabling businesses to build and deploy these AI tools efficiently.
- Headquarters Chennai, India
- Founders Sivaram Parameswaran, Magesh Mahadevan
- SectorsTechnology
- Email••••••••
- Website purpleslate.com
- Social LinkedIn Facebook
- Legal Name Purpleslate Private Limited
- Date of Incorporation 02 Jan, 2017
- Jurisdiction Mylapore - Triplicane, Tamil Nadu, India
- Annual Revenue₹14.74 Cr
FY 2022 · +46% YoY
- Net Profit₹2.28 Cr
FY 2022 · 15% margin
- EBITDA₹3.37 Cr
FY 2022 · 23% margin
- Total Equity Funding$239.95K (USD)
in 1 rounds
- Latest Funding Round$239.95K (USD), Seed
Jan 2019
- Investors
Associated legal entities of Purpleslate
Purpleslate operates through Purpleslate Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Purpleslate Private Limited CIN U74999TN2017PTC113976 | Active | 02 Jan 2017 | Chennai, Tamil Nadu | ₹14.7 Cr | 92 | 2 | View details |
Funding Insights of Purpleslate
Purpleslate has successfully raised a total of $239.95K through 1 strategic funding round. The most recent funding activity was a Seed round of $239.95 thousand completed in January 2019. 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 $239,950
- Total Rounds 1
- Last Round Seed — $239,950
- First Round $239,950
(Jan 2019)
- Investors Count 1
All 1 funding rounds of Purpleslate with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2019 | $239,950 | Seed | $501,715 | – |
Last known valuation $501,715 (Jan 2019). 1 investors in total: 1 institutional.
Investors in Purpleslate
Purpleslate has secured backing from 1 investor. Prominent investors backing the company include iLink Digital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Digital transformation, AI, IoT, and data analytics services are provided. | 2002 | ilink-digital.com | Bothell, United States |
Investor details for Purpleslate
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Purpleslate Private Limited (Purpleslate)
Purpleslate Private Limited is the primary company behind Purpleslate. The board of Purpleslate Private Limited currently have 2 directors; the longest-serving is Magesh Mahadevan, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Magesh Mahadevan DIN 07661924 | Director | 02 Jan 2017 | 9 yrs 9 mo | Purpleslate Private Limited |
| Sivaram Parameswaran DIN 07661926 | Managing Director | 02 Jan 2017 | 9 yrs 9 mo | Purpleslate Private Limited |
People of Purpleslate
2 people are tracked at Purpleslate (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Purpleslate
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Purpleslate
Figures of Purpleslate Private Limited, the primary company behind Purpleslate, for FY 2022. Revenue was ₹14.74 Cr (+46% year on year). Net profit was ₹2.28 Cr (15% margin). EBITDA was ₹3.37 Cr (23% margin). Revenue has grown at a compounded annual rate of +171% over three years.
- ₹14.74 CrRevenue · FY 2022 · +46% YoY
- ₹2.28 CrNet profit · 15% margin
- ₹3.37 CrEBITDA · 23% margin
- ₹2 LakhPaid-up capital
- 92Employees (provident fund records)
- +171%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Purpleslate Private Limited are on its company page.
Detailed financial statements for Purpleslate
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Purpleslate
2 dated milestones of Purpleslate across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Purpleslate is founded.
- Funding First funding round of $240K.
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Frequently Asked Questions about Purpleslate
Purpleslate was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Purpleslate is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Purpleslate is a funded company, having raised a total of $239.95K across 1 funding round to date. The company's 1st funding round was a Seed of $239.95K, raised on Jan 2019.
The primary company behind Purpleslate, Purpleslate Private Limited, reported revenue of ₹14.74 Cr for FY 2022, up 46% year on year.
Purpleslate was established in 2017 in Chennai, India, within the conversational AI sector. NLP-based custom text and voice bots are created for customer experience and engagement purposes. A low-code platform is offered for virtual data analytics solutions and customized virtual assistants. Operations focus on enabling businesses to build and deploy these AI tools efficiently.
Purpleslate has 1 investor. Key investors include iLink Digital.
The valuation of Purpleslate is $501.72K as of Jan 2019.
Purpleslate operates through Purpleslate Private Limited.
The legal entities of Purpleslate currently have 2 directors, including Magesh Mahadevan, Sivaram Parameswaran.