About Racetrack
Racetrack is a company based in Bengaluru (India) founded in 2015 by Navneet Gupta, Shejil Balakrishnan, Jai Prakash Mishra, and Ambika Prasad Senapati. It operates as a B2B. 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 as of March 31, 2019. Racetrack operates in a competitive market with competitors including Gupshup, LivePerson, Drift, [24]7.ai and AB Tasty, among others.
- Headquarter Bengaluru, India
- Employees 26 as on 31 Mar, 2019
- Founders Navneet Gupta, Shejil Balakrishnan, Jai Prakash Mishra, Ambika Prasad Senapati
- Stage Minicorn
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Futemind Technologies Private Limited
- Date of Incorporation 09 Oct, 2015
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$921.2 K (USD)232.81as on Mar 31, 2019
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Net Profit
$59.48 K (USD)1992.09as on Mar 31, 2019
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EBITDA
$130.17 K (USD)443.18as on Mar 31, 2019
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Total Equity Funding
$5.6 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Seed
May 25, 2018
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Investors
Smk Family Private Trust
& 15 more
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Employee Count
26
as on Mar 31, 2019
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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 Total Funding
- Total Rounds 3
- Last Round Seed — $5.0M
- First Round First Round
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Seed - Racetrack | Valuation | Smk Family Private Trust | |
| Mar, 2017 | Amount | Angel Round - Racetrack | Valuation |
investors |
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| Sep, 2016 | Amount | Angel Round - Racetrack | Valuation |
investors |
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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 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. 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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PM
Prajwal Mathais |
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Founded Year | Domain | Location |
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TK
Tasena Kusum Aslam Rahaman |
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Founded Year | Domain | Location |
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VN
Vivek Nathan |
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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 Racetrack
| 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 - Racetrack
| 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 |
Racetrack Comparisons
Competitors of Racetrack
Racetrack 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 Gupshup, LivePerson, Drift, [24]7.ai and AB Tasty, 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 |
Tools for customer engagement across multiple channels are provided.
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| domain | founded_year | HQ Location |
Conversational AI platform is provided for digital customer experiences.
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| domain | founded_year | HQ Location |
Solutions for energy trading and tracking are provided by Drift.
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| domain | founded_year | HQ Location |
AI-powered platforms and services for customer experience management are provided.
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| domain | founded_year | HQ Location |
Website content is optimized via A/B testing and multivariate analysis.
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| domain | founded_year | HQ Location |
Outbound calling software is offered by LeadDesk for sales automation.
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![[24]7.ai logo](https://img.thecompanycheck.com/b/247_logo.webp){kind=logo}
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Racetrack
Frequently Asked Questions about Racetrack
When was Racetrack founded?
Racetrack was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Racetrack located?
Racetrack is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Racetrack a funded company?
Racetrack is a funded company, having raised a total of $5.6M across 3 funding rounds to date.
How many employees does Racetrack have?
As of Mar 31, 2019, the latest employee count at Racetrack is 26.
What is the annual revenue of Racetrack?
Annual revenue of Racetrack is $921.2K as on Mar 31, 2019.
What does Racetrack do?
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.
Who are the top competitors of Racetrack?
Racetrack's top competitors include LivePerson, Gupshup and Wingify.
Who are Racetrack's investors?
Racetrack has 16 investors. Key investors include Prajwal Mathais, Tasena Kusum Aslam Rahaman, Vivek Nathan, Shemboosingh Cheekhooree, and Harpreet Singh Jolly.
What is Racetrack's valuation?
The valuation of Racetrack is $7.39M as of Mar 2017.