About Sasken
Sasken is a company based in Bengaluru (India) founded in 1989 by Badruddin Agarwala, Krishna Jhaveri, Suresh Dholakia, and Rajiv C Mody.. Sasken has raised $22 million across 5 funding rounds from investors including Nortel, NEA and NGP Capital. The company has 1,760 employees as of March 31, 2024. Sasken has completed 2 acquisitions, including Borqs and Ingenient Technologies. Sasken offers products and services including Hardware Design, Embedded Software Development, and Application Development. Sasken operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
- Headquarter Bengaluru, India
- Employees 1760 as on 31 Mar, 2024
- Founders Badruddin Agarwala, Krishna Jhaveri, Suresh Dholakia, Rajiv C Mody
- Stage Public
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Sectors
Industrial Goods & ManufacturingTechnology
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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 Sasken Technologies Ltd
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Annual Revenue
$64.37 M (USD)35.55as on Mar 31, 2024
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Net Profit
$5.87 M (USD)-36.12as on Mar 31, 2024
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EBITDA
$2.87 M (USD)-25.86as on Mar 31, 2024
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Total Equity Funding
$22 M (USD)
in 5 rounds
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Latest Funding Round
$10 M (USD), Post-IPO
Feb 06, 2013
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Investors
Nortel
& 2 more
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Employee Count
1760
as on Mar 31, 2024
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Investments & Acquisitions
Borqs
& 1 more
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IPO & Listings of Sasken
Sasken is a publicly listed company on the NSE with ticker symbol SASKEN in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Sasken
Sasken offers a comprehensive portfolio of products and services, including Hardware Design, Embedded Software Development, and Application Development. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides design for semiconductor and consumer electronics hardware
Develops software for automotive and industrial devices
Creates applications for Android and enterprise platforms
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Software Development Team
19 people
Leadership Team
18 people
Sales and Marketing
10 people
Human Resources and Administration
9 people
Program Team
8 people
Project Team
7 people
Senior Team
6 people
Finance and Accounting
3 people
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Funding Insights of Sasken
Sasken has successfully raised a total of $22M across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $10 million completed in February 2013. 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 5
- Last Round Post-IPO — $10.0M
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First Round
First Round
(05 Apr 2005)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2013 | Amount | Post-IPO - Sasken | Valuation |
investors |
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| Jan, 2009 | Amount | Post-IPO - Sasken | Valuation |
investors |
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| May, 2005 | Amount | Series A - Sasken | Valuation | New Enterprise Associates |
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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 Sasken
Sasken has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Nortel, NEA and NGP 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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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Venture capital firm focused on B2B companies
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Founded Year | Domain | Location | |
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Provides virtual overlay network solutions for businesses.
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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 Sasken
Sasken has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Borqs and Ingenient Technologies. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Borqs is recognized as a global leader in IoT solutions.
|
2007 | ||||
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Embedded multimedia solutions are provided for content creation and management.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sasken
| 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 |
Sasken Comparisons
Competitors of Sasken
Sasken 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 UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, 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 |
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| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
Multi-access edge networking computing platform is provided for mobile services.
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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 Sasken
Frequently Asked Questions about Sasken
When was Sasken founded?
Sasken was founded in 1989 and raised its 1st funding round 16 years after it was founded.
Where is Sasken located?
Sasken is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Sasken?
Rajiv C Mody is the current CEO of Sasken. They have also founded this company.
Is Sasken a funded company?
Sasken is a funded company, having raised a total of $22M across 5 funding rounds to date. The company's 1st funding round was a Series A of $9M, raised on Apr 05, 2005.
How many employees does Sasken have?
As of Mar 31, 2024, the latest employee count at Sasken is 1,760.
What is the annual revenue of Sasken?
Annual revenue of Sasken is $64.37M as on Mar 31, 2024.
What does Sasken do?
Sasken was established in 1989 and is based in Bengaluru, India. IT services, product engineering, and digital transformation are delivered to clients worldwide. Offerings also encompass IoT, mobility solutions, analytics, blockchain, and DevOps practices. Industries served include semiconductors, automotive, industrials, smart devices and wearables, enterprise-grade devices, satcom, and transportation. Operations focus on supporting global leaders in these sectors.
Who are the top competitors of Sasken?
Sasken's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
What products or services does Sasken offer?
Sasken offers Hardware Design, Embedded Software Development, and Application Development.
Is Sasken publicly traded?
Yes, Sasken is publicly traded on NSE under the ticker symbol SASKEN.
How many acquisitions has Sasken made?
Sasken has made 2 acquisitions, including Borqs, and Ingenient Technologies.
Who are Sasken's investors?
Sasken has 3 investors. Key investors include Nortel, NEA, and NGP Capital.
What is Sasken's ticker symbol?
The ticker symbol of Sasken is SASKEN on NSE.
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