About Recordent
Recordent is a Technology company based in Hyderabad (India) founded in 2018 by Harish Mamtani, Winny Patro, and Jay Sheth. Accounts receivables and credit management solutions are provided for businesses. It operates in the Technology and Financial Services sectors. Recordent has raised $400 thousand across 2 funding rounds from investors including IIMCIP and Family Office of Kantamaneni. The company has 28 employees. Its chief executive, as recorded, is Winny Patro. Its Indian entity Recordent Private Limited reported revenue of ₹86.6 Lakh. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Quote to Cash. Its competitors include IppoPay, Biz Analyst and Fundflo; 2 of its 3 listed competitors have raised funding.
Company details
Recordent was founded in 2018 in Hyderabad, India, within the fintech sector. Accounts receivables and credit management solutions are delivered to businesses through a platform where dues are added, notifications are sent, and customer payments are collected. Payment history is tracked, automated reminders about due dates are issued, and digital payment methods are integrated. Credit risk assessment tools are also included to support operational needs.
- Headquarters Hyderabad, India
- Employees 28
- Founders Harish Mamtani, Winny Patro, Jay Sheth
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website recordent.com
- Social LinkedIn X Facebook
- Legal Name Recordent Private Limited
- Date of Incorporation 04 May, 2018
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹86.6 Lakh
FY 2024 · -24% YoY
- Net Loss-₹1.74 Cr
FY 2024 · -201% margin
- EBITDA-₹1.71 Cr
FY 2024 · -198% margin
- Total Equity Funding$400K (USD)
in 2 rounds
- Latest Funding Round$400K (USD), Angel Round
Nov 2021
- InvestorsIIMCIP
& 1 more
- Employee Count28
Associated legal entities of Recordent
Recordent operates through Recordent Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Recordent Private Limited CIN U74999TG2018PTC124275 | Active | 04 May 2018 | Hyderabad, Telangana | ₹0.9 Cr | 28 | 4 | View details |
Funding Insights of Recordent
Recordent has successfully raised a total of $400K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $400 thousand completed in November 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.
- Total Funding $400,000
- Total Rounds 2
- Last Round Angel Round — $400,000
- Investors Count 2
All 2 funding rounds of Recordent 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 |
|---|---|---|---|---|---|
| Nov 2021 | $400,000 | Angel Round | – | IIMCIP | |
| Sep 2020 | Angel Round | – | – | – |
2 investors in total: 2 institutional.
Investors in Recordent
Recordent has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include IIMCIP and Family Office of Kantamaneni.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Incubation and acceleration services for startups in innovation and regional development. | 2014 | iimcip.org | Kolkata, India | |
Investments are directed by the angel network across multiple sectors. | familyofficeofkantamaneni.tcc.mode |
Investor details for Recordent
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Verified entity values are shown only after access is granted.
Board of directors of Recordent Private Limited (Recordent)
Recordent Private Limited is the primary company behind Recordent. The board of Recordent Private Limited currently have 4 directors; the longest-serving is Harish Inder Mamtani, appointed in 2018. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harish Inder Mamtani DIN 05171807 | Director | 04 May 2018 | 8 yrs 5 mo | Recordent Private Limited |
| Vamsi Sai Krishna Vepakomma DIN 07579475 | Director | 04 May 2018 | 8 yrs 5 mo | Recordent Private Limited |
| Karuna Venigalla DIN 02060447 | Director | 20 Dec 2021 | 4 yrs 10 mo | Recordent Private Limited |
| Sai Winny Patro Rajapatruni DIN 06797678 | Director | 15 Apr 2022 | 4 yrs 6 mo | Recordent Private Limited |
People of Recordent
11 people are tracked at Recordent (5 in leadership, 6 in team); the tracked headcount is 28.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Jay Sheth | Co-Founder | Leadership |
Tarun Rumalla | Chief Business Officer | Leadership |
Manish Ghosal | Vice President & Head of Products | Leadership |
Ravi Kiran | Frontend Developer | Team |
Shruti Garg | Product Manager | Team |
Chaitanya Sudha Nimmagadda | Business Development Manager | Team |
Jatobeda Chattopadhyay | Marketing Product Development Manager | Team |
Avinash Ajjarapu | Business Analyst | Team |
Vamshi Goli | Development Team Lead | Team |
Complete people profiles for Recordent
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Recordent
Figures of Recordent Private Limited, the primary company behind Recordent, for FY 2024. Revenue was ₹86.6 Lakh (-24% year on year). Net loss was -₹1.74 Cr (-201% margin). EBITDA was -₹1.71 Cr (-198% margin). Revenue has grown at a compounded annual rate of +194% over three years.
- ₹86.6 LakhRevenue · FY 2024 · -24% YoY
- -₹1.74 CrNet loss · -201% margin
- -₹1.71 CrEBITDA · -198% margin
- ₹39.5 LakhPaid-up capital
- 28Employees (provident fund records)
- +194%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Recordent Private Limited are on its company page.
Detailed financial statements for Recordent
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Recordent
3 dated milestones of Recordent across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Recordent is founded.
- Funding First funding round.
- Funding Latest funding round, Angel Round, of $400K.
Competitors of Recordent
Recordent has 3 listed competitors in our database, 2 of them funded. They include IppoPay, Biz Analyst and Fundflo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ippopay.com | 2020 | Chennai, India | $4.65M | 229 | QR codes and UPIs are used for business payment acceptance. | |
| bizanalyst.in | 2016 | Mumbai, India | 63 | Cloud based data reporting platform for enterprises | ||
| fundflo.ai | 2021 | Pune, India | $357,554 | AI-driven financial automation is provided for manufacturers and dealers. |
Detailed competitors of Recordent
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Web traffic of Recordent
The website of Recordent (recordent.com) receives about 8.1K visits a month.
- Monthly visits8.1K
▲ 103.7% vs previous month
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Related news about Recordent
Complete news archive for Recordent
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Frequently Asked Questions about Recordent
Recordent was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Recordent is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Winny Patro is the CEO of Recordent, as recorded in our data. They have also founded this company.
Recordent is a funded company, having raised a total of $400K across 2 funding rounds to date.
Recordent has 28 employees.
The primary company behind Recordent, Recordent Private Limited, reported revenue of ₹86.6 Lakh for FY 2024, down 24% year on year.
Recordent was founded in 2018 in Hyderabad, India, within the fintech sector. Accounts receivables and credit management solutions are delivered to businesses through a platform where dues are added, notifications are sent, and customer payments are collected. Payment history is tracked, automated reminders about due dates are issued, and digital payment methods are integrated. Credit risk assessment tools are also included to support operational needs.
Recordent's top competitors include IppoPay, Biz Analyst and Fundflo.
Recordent has 2 investors. Key investors include IIMCIP, and Family Office of Kantamaneni.
Recordent operates through Recordent Private Limited.
The legal entities of Recordent currently have 4 directors, including Karuna Venigalla, Harish Inder Mamtani, Sai Winny Patro Rajapatruni and others.