Roamsoft Tech

Chennai, India Founded: 2007 • Age: 19 yrs Acquired By IppoPay
Application development services are provided by Roamsoft Tech in India.

About Roamsoft Tech

Roamsoft Tech is a Technology company based in Chennai (India) founded in 2007, and was acquired by IppoPay in December 2022. Application development services are provided by Roamsoft Tech in India. The company has 18 employees. Its Indian entity Roamsoft Technologies Private Limited reported revenue of β‚Ή1.42 Cr. Roamsoft Tech offers products and services including Paytm Clone, Instacart Clone, and UberEats Clone. Its focus areas include Business Services, IT Services, Application Development and Horizontal.

Company details

Roamsoft Tech was founded in 2007 and is located in Chennai, India. Application development services are offered within the information technology sector. Operations are centered in Chennai, where software solutions are developed for clients. The companys domain, roamsofttech.com, supports its digital operations. Focus is placed on custom applications, with activities conducted primarily in the Indian market.

Operational Areas
Key Metrics
  • Annual Revenue
    ₹1.42 Cr

    FY 2024 · -49% YoY

  • Net Profit
    ₹21,096

    FY 2024 · 0% margin

  • EBITDA
    ₹6 Lakh

    FY 2024 · 4% margin

  • Investors
  • Employee Count
    18
  • Acquired by
    IppoPay

    (Dec 2022)

Products & Services of Roamsoft Tech

Roamsoft Tech offers a comprehensive portfolio of products and services, including Paytm Clone, Instacart Clone, and UberEats Clone.

Paytm Clone
Digital Wallet

App clone for secure online payments and transactions

Instacart Clone
On-Demand Grocery

Platform for online grocery ordering and delivery services

UberEats Clone
Food Delivery

App for on-demand food ordering from various restaurants

Investors in Roamsoft Tech

Roamsoft Tech has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include IppoPay.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
QR codes and UPIs are used for business payment acceptance.
2020ippopay.comChennai, India
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Investor details for Roamsoft Tech

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Board of directors of Roamsoft Technologies Private Limited (Roamsoft Tech)

Roamsoft Technologies Private Limited is the primary company behind Roamsoft Tech. The board of Roamsoft Technologies Private Limited currently have 2 directors; the longest-serving is Eugene Joseph, appointed in 2013. 1 earlier director has ceased.

DirectorDesignationAppointedTenureEntity
Eugene Joseph
DIN 06461976
Director11 Jan 201313 yrs 9 moRoamsoft Technologies Private Limited
Thangaraj Sofiya
DIN 07625261
Director01 Jun 20224 yrs 4 moRoamsoft Technologies Private Limited

Financials of Roamsoft Tech

Figures of Roamsoft Technologies Private Limited, the primary company behind Roamsoft Tech, for FY 2024. Revenue was ₹1.42 Cr (-49% year on year). Net profit was ₹21,096 (0% margin). EBITDA was ₹6 Lakh (4% margin). Revenue has grown at a compounded annual rate of -9% over three years and -1% over five years.

  • ₹1.42 CrRevenue · FY 2024 · -49% YoY
  • ₹21,096Net profit · 0% margin
  • ₹6 LakhEBITDA · 4% margin
  • ₹1 LakhPaid-up capital
  • 18Employees (provident fund records)
  • -9%Revenue CAGR, 3 years
  • -1%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Roamsoft Technologies Private Limited are on its company page.

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Detailed financial statements for Roamsoft Tech

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Timeline of Roamsoft Tech

2 dated milestones of Roamsoft Tech across 15 years, from founding to its latest funding, stage changes and deals.

  1. Founded Roamsoft Tech is founded.
  2. Exit Acquired by IppoPay.

Web traffic of Roamsoft Tech

Websites that share an audience with Roamsoft Tech (roamsofttech.com).

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Frequently Asked Questions about Roamsoft Tech

Roamsoft Tech was founded in 2007.

Roamsoft Tech is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.

Roamsoft Tech has 18 employees.

The primary company behind Roamsoft Tech, Roamsoft Technologies Private Limited, reported revenue of β‚Ή1.42 Cr for FY 2024, down 49% year on year.

Roamsoft Tech was founded in 2007 and is located in Chennai, India. Application development services are offered within the information technology sector. Operations are centered in Chennai, where software solutions are developed for clients. The companys domain, roamsofttech.com, supports its digital operations. Focus is placed on custom applications, with activities conducted primarily in the Indian market.

Roamsoft Tech offers Paytm Clone, Instacart Clone, and UberEats Clone.

Roamsoft Tech has 1 investor. Key investors include IppoPay.

Roamsoft Tech operates through Roamsoft Technologies Private Limited.

Yes. Roamsoft Tech was acquired by IppoPay in December 2022.

The legal entities of Roamsoft Tech currently have 2 directors, including Eugene Joseph, Thangaraj Sofiya.

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