About Racetrack
Racetrack was a Technology company based in Bengaluru (India) founded in 2015 by Navneet Gupta, Shejil Balakrishnan, Jai Prakash Mishra, and Ambika Prasad Senapati. It offers an AI-driven suite for sales enablement applications. It operates on a B2B model. Racetrack has raised $5.6 million across 3 funding rounds from investors including Prajwal Mathais, Tasena Kusum Aslam Rahaman and Vivek Nathan. The company has 26 employees. Racetrack was last valued at $7.39 million in March 2017. Its Indian entity Futemind Technologies Private Limited reported revenue of ₹6.58 Cr. The company is recorded as dissolved. Its focus areas include Artificial Intelligence, Sales Enablement and AI-Driven Suites.
Company details
Racetrack, based in Bengaluru, focuses on leveraging cutting-edge technology, developing AI-driven solutions, sales enablement, and ai-driven suites. Offers an AI-driven suite for sales enablement applications. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Employees 26
- Founders Navneet Gupta, Shejil Balakrishnan, Jai Prakash Mishra, Ambika Prasad Senapati
- Stage Minicorn
- SectorsTechnology
- Website racetrack.ai
- Social X Facebook
- Legal Name Futemind Technologies Private Limited
- Date of Incorporation 09 Oct, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹6.58 Cr
FY 2019 · +233% YoY
- Net Profit₹42.5 Lakh
FY 2019 · 6% margin
- EBITDA₹82.1 Lakh
FY 2019 · 12% margin
- Total Equity Funding$5.6M (USD)
in 3 rounds
- Latest Funding Round$5M (USD), Seed
May 2018
- Employee Count26
Associated legal entities of Racetrack
Racetrack operates through Futemind Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Futemind Technologies Private Limited CIN U72900KA2015PTC083280 | Active | 09 Oct 2015 | Bangalore, Karnataka | ₹6.6 Cr | 26 | 3 | View details |
Funding Insights of Racetrack
Racetrack has successfully raised a total of $5.6M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $5 million completed in May 2018. 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 $5.6M
- Total Rounds 3
- Last Round Seed — $5M
- Investors Count 16
All 3 funding rounds of Racetrack 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 |
|---|---|---|---|---|---|
| May 2018 | $5M | Seed | – | Smk Family Private Trust | |
| Mar 2017 | $598,991 | Angel Round | $7.39M | – | |
| Sep 2016 | Angel Round | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2017 | $7.39M | •••••••• |
Last known valuation $7.39M (Mar 2017). 16 investors in total: 1 institutional and 15 angel.
Investors in Racetrack
Racetrack has secured backing from 16 investors, including angel investors. Prominent investors backing the company include Prajwal Mathais, Tasena Kusum Aslam Rahaman and Vivek Nathan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
PM Prajwal Mathais | unknown_b5c6425af1744b718 | |||
TK Tasena Kusum Aslam Rahaman | unknown_a12a704258b547db8 | |||
VN Vivek Nathan | unknown_198a97b93d274bd48 | |||
SC Shemboosingh Cheekhooree | unknown_44d14926a9fc4c7ea | |||
HS Harpreet Singh Jolly | unknown_d097d06684b54a3d8 | |||
JC Jayalakshmi Charan | unknown_1b18f765f8e14e7aa | |||
SD Shailesh D Souza | unknown_6159f7c12fa645faa | |||
RH Radhakrishna Hegde | unknown_84c3a4c1f50b4d1d8 | |||
PK Prasanth Kavullapura | unknown_a909f63d274d4e6cb | |||
GS Ganesh Shastri | unknown_c634c00f602048c68 |
Investor details for Racetrack
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Futemind Technologies Private Limited (Racetrack)
Futemind Technologies Private Limited is the primary company behind Racetrack. The board of Futemind Technologies Private Limited currently have 3 directors; the longest-serving is Shejil Balakrishnan, appointed in 2015. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shejil Balakrishnan DIN 02983416 | Director | 09 Oct 2015 | 11 yrs | Futemind Technologies Private Limited |
| Subrat Kumar Parida DIN 02908012 | Managing Director | 16 Jan 2017 | 9 yrs 9 mo | Futemind Technologies Private Limited |
| Ambika Prasad Senapati DIN 07897124 | Additional Director | 25 Oct 2019 | 7 yrs | Futemind Technologies Private Limited |
People of Racetrack
4 people are tracked at Racetrack (4 in leadership); the tracked headcount is 26.
| Name | Role | Group |
|---|---|---|
| ex-Co-Founder | Leadership | |
| Co-Founder, Director | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Racetrack
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 Racetrack
Figures of Futemind Technologies Private Limited, the primary company behind Racetrack, for FY 2019. Revenue was ₹6.58 Cr (+233% year on year). Net profit was ₹42.5 Lakh (6% margin). EBITDA was ₹82.1 Lakh (12% margin). Revenue has grown at a compounded annual rate of +503% over three years.
- ₹6.58 CrRevenue · FY 2019 · +233% YoY
- ₹42.5 LakhNet profit · 6% margin
- ₹82.1 LakhEBITDA · 12% margin
- ₹10.3 LakhPaid-up capital
- 26Employees (provident fund records)
- +503%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Futemind Technologies Private Limited are on its company page.
Detailed financial statements for Racetrack
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 Racetrack
4 dated milestones of Racetrack across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Racetrack is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $5.0M.
Top companies in AI in Sales
3 companies that operate in the same segment as Racetrack (AI in Sales) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI platform for unifying customer care, marketing insights, and social interactions across channels. | 2011 | Mumbai, Maharashtra, India | USD 1.99 M | 43 | ||
Cloud-based platform for business phone systems, AI communication, and integrations. | 2016 | Ahmedabad, Gujarat, India | ||||
I2CE delivers AI-enabled platforms to enhance sales and revenue marketing strategies. | 2016 | India | USD 256.8 K | USD 1.16 M | 73 |
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Related news about Racetrack
Complete news archive for Racetrack
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Frequently Asked Questions about Racetrack
Racetrack was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Racetrack is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Racetrack is a funded company, having raised a total of $5.6M across 3 funding rounds to date.
Racetrack has 26 employees.
The primary company behind Racetrack, Futemind Technologies Private Limited, reported revenue of ₹6.58 Cr for FY 2019, up 233% year on year.
Racetrack, based in Bengaluru, focuses on leveraging cutting-edge technology, developing AI-driven solutions, sales enablement, and ai-driven suites. Offers an AI-driven suite for sales enablement applications. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Racetrack has 16 investors. Key investors include Prajwal Mathais, Tasena Kusum Aslam Rahaman, Vivek Nathan, Shemboosingh Cheekhooree, and Harpreet Singh Jolly.
The valuation of Racetrack is $7.39M as of Mar 2017.
Racetrack operates through Futemind Technologies Private Limited.
The legal entities of Racetrack currently have 3 directors, including Shejil Balakrishnan, Subrat Kumar Parida, Ambika Prasad Senapati.