About Recordent
Recordent is a company based in Hyderabad (India) founded in 2018 by Harish Mamtani, Winny Patro, and Jay Sheth.. Recordent has raised $400 thousand across 2 funding rounds from investors including IIMCIP and Family Office of Kantamaneni. The company has 28 employees as of April 08, 2024. Recordent operates in a competitive market with competitors including Upflow, IppoPay, Biz Analyst, Fawaterk and Fundflo, among others.
- Headquarter Hyderabad, India
- Employees 28 as on 08 Apr, 2024
- Founders Harish Mamtani, Winny Patro, Jay Sheth
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Recordent Private Limited
- Date of Incorporation 04 May, 2018
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$101.12 K (USD)-24.33as on Mar 31, 2024
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Net Profit
$-203.51 K (USD)13.07as on Mar 31, 2024
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EBITDA
$-199.73 K (USD)11.16as on Mar 31, 2024
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Total Equity Funding
$400 K (USD)
in 2 rounds
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Latest Funding Round
$400 K (USD), Angel Round
Nov 01, 2021
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Investors
IIMCIP
& 1 more
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Employee Count
28
as on Apr 08, 2024
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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 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 Total Funding
- Total Rounds 2
- Last Round Angel Round — $400,000
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Angel Round - Recordent | Valuation | IIMCIP | |
| Sep, 2020 | Amount | Angel Round - Recordent | 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 Recordent
Recordent has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include IIMCIP and Family Office of Kantamaneni. 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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Incubation and acceleration services for startups in innovation and regional development.
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Founded Year | Domain | Location | |
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Investments are directed by the angel network across multiple sectors.
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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 Recordent
| 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 - Recordent
| 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 |
Recordent Comparisons
Competitors of Recordent
Recordent 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 Upflow, IppoPay, Biz Analyst, Fawaterk and Fundflo, 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 |
SaaS solutions for accounts receivables management are delivered to businesses.
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| domain | founded_year | HQ Location |
QR codes and UPIs are used for business payment acceptance.
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| domain | founded_year | HQ Location |
Cloud based data reporting platform for enterprises
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| domain | founded_year | HQ Location |
Cloud-based end-to-end business management tools for e-tailers are offered.
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| domain | founded_year | HQ Location |
AI-driven financial automation is provided for manufacturers and dealers.
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| 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 Recordent
Frequently Asked Questions about Recordent
When was Recordent founded?
Recordent was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Recordent located?
Recordent is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Recordent?
Winny Patro is the current CEO of Recordent. They have also founded this company.
Is Recordent a funded company?
Recordent is a funded company, having raised a total of $400K across 2 funding rounds to date.
How many employees does Recordent have?
As of Apr 08, 2024, the latest employee count at Recordent is 28.
What is the annual revenue of Recordent?
Annual revenue of Recordent is $101.12K as on Mar 31, 2024.
What does Recordent do?
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.
Who are the top competitors of Recordent?
Recordent's top competitors include Upflow, IppoPay and Biz Analyst.
Who are Recordent's investors?
Recordent has 2 investors. Key investors include IIMCIP, and Family Office of Kantamaneni.