About Sankalp semi
Sankalp semi is a company based in Hubli (India) founded in 2005 by Samir Anuprasad Patel, Mrinal Das, and Alok Kumar Pugalia was acquired by HCL Technologies in September 2019.. Sankalp semi has raised $5 million across 1 funding round from investors including HCL Technologies and Stakeboat Capital. The company has 119,879 employees as of October 31, 2024. Sankalp semi has completed 1 acquisition, including Interra EDA Solutions.
- Headquarter Hubli, India
- Employees 119879 as on 31 Oct, 2024
- Founders Samir Anuprasad Patel, Mrinal Das, Alok Kumar Pugalia
- Stage Minicorn
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$19.98 M (USD)-10as on Mar 31, 2024
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Net Profit
$2.27 M (USD)-23as on Mar 31, 2024
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EBITDA
$4 M (USD)-13as on Mar 31, 2024
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Series A
Jun 20, 2017
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Investors
HCL Technologies
& 1 more
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Employee Count
119879
as on Oct 31, 2024
- Investments & Acquisitions
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Acquired by
HCL Technologies
(Sep 09, 2019)
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Funding Insights of Sankalp semi
Sankalp semi has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in June 2017. 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 1
- Last Round Series A — $5.0M
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First Round
First Round
(20 Jun 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Series A - Sankalp semi | Valuation | Stakeboat Capital |
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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 Sankalp semi
Sankalp semi has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include HCL Technologies and Stakeboat Capital. 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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Investments in healthcare, manufacturing, and B2B technology with a focus on strategic growth and sustainability.
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Founded Year | Domain | Location | |
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Provider of data analytics, cloud, networking, cyber security, support, and other outsourcing services
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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 Sankalp semi
Sankalp semi has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Interra EDA Solutions. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Semiconductor EDA solutions and digital media software are developed.
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Sankalp semi
| 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sankalp Semi Comparisons
Competitors of Sankalp semi
| 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 Sankalp Semi
Frequently Asked Questions about Sankalp semi
When was Sankalp semi founded?
Sankalp semi was founded in 2005 and raised its 1st funding round 12 years after it was founded.
Where is Sankalp semi located?
Sankalp semi is headquartered in Hubli, India. It is registered at Hubli, Karnataka, India.
Is Sankalp semi a funded company?
Sankalp semi is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Series A of $5M, raised on Jun 20, 2017.
How many employees does Sankalp semi have?
As of Oct 31, 2024, the latest employee count at Sankalp semi is 119,879.
What is the annual revenue of Sankalp semi?
Annual revenue of Sankalp semi is $19.98M as on Mar 31, 2024.
What does Sankalp semi do?
Sankalp Semi was founded in 2005 and is located in Hubli, India. Customized designing and modeling solutions are offered to the manufacturing industry. Operations focus on tailored services that support product development and prototyping needs. The company was co-founded by Samir Anuprasad Patel, Mrinal Das, and Alok Kumar Pugalia, with expertise directed toward industrial applications across various sectors.
How many acquisitions has Sankalp semi made?
Sankalp semi has made 1 acquisition, including Interra EDA Solutions.
Who are Sankalp semi's investors?
Sankalp semi has 2 investors. Key investors include HCL Technologies, and Stakeboat Capital.
What is Sankalp semi's valuation?
The valuation of Sankalp semi is $8.36M as of Jun 2017.