About SAVIC
SAVIC is a company based in Navi Mumbai (India) founded in 2016.. SAVIC has raised $414.2 thousand across 4 funding rounds from investors including Lalitha Prasuna Konakanchi and Ramasamy Pillai Mohan. The company has 116 employees as of October 15, 2024. SAVIC offers products and services including SAVIC App Store, SAP S/4HANA, and Microsoft Azure Solutions. SAVIC operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Navi Mumbai, India
- Employees 116 as on 15 Oct, 2024
- Stage Minicorn
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Sectors
Business ServicesTechnology
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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 Savic Technologies Private Limited
- Date of Incorporation 08 Apr, 2016
- Jurisdiction Navi Mumbai, Maharashtra, India
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Annual Revenue
$3.4 M (USD)28.57as on Mar 31, 2023
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Net Profit
$94.08 K (USD)288.75as on Mar 31, 2023
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EBITDA
$60.57 K (USD)167.8as on Mar 31, 2023
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Total Equity Funding
$414.2 K (USD)
in 4 rounds
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Latest Funding Round
$73.08 K (USD), Angel Round
Jan 10, 2019
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Investors
& 1 more
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Employee Count
116
as on Oct 15, 2024
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Products & Services of SAVIC
SAVIC offers a comprehensive portfolio of products and services, including SAVIC App Store, SAP S/4HANA, and Microsoft Azure Solutions. 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.
Platform connecting customers and partners for services
Cloud-based system for business resource planning
Infrastructure and security solutions for enterprises
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Funding Insights of SAVIC
SAVIC has successfully raised a total of $414.2K across 4 strategic funding rounds. The most recent funding activity was a Angel Round round of $73.08 thousand completed in January 2019. 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 4
- Last Round Angel Round — $73,076
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First Round
First Round
(29 Jul 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Angel Round - SAVIC | Valuation | Lalitha Prasuna Konakanchi |
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| Jun, 2017 | Amount | Angel Round - SAVIC | Valuation |
investors |
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| Feb, 2017 | Amount | Angel Round - SAVIC | 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 SAVIC
SAVIC has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Lalitha Prasuna Konakanchi and Ramasamy Pillai Mohan. 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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LP
Lalitha Prasuna Konakanchi |
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Founded Year | Domain | Location |
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RP
Ramasamy Pillai Mohan |
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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 SAVIC
| 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 - SAVIC
| 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 |
Savic Comparisons
Competitors of SAVIC
SAVIC 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, NTT DATA, Breed Reply, Globant and 1&1 IONOS, 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 |
High-quality office furniture is provided by UST for various needs.
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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 |
AI, cloud, and blockchain services are provided globally.
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| domain | founded_year | HQ Location |
IT and digital transformation services are delivered to various industries.
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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 |
Provider of end-to-end business process outsourcing services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Savic
Frequently Asked Questions about SAVIC
When was SAVIC founded?
SAVIC was founded in 2016.
Where is SAVIC located?
SAVIC is headquartered in Navi Mumbai, India. It is registered at Navi Mumbai, Maharashtra, India.
Is SAVIC a funded company?
SAVIC is a funded company, having raised a total of $414.2K across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $24.55K, raised on Jul 29, 2016.
How many employees does SAVIC have?
As of Oct 15, 2024, the latest employee count at SAVIC is 116.
What is the annual revenue of SAVIC?
Annual revenue of SAVIC is $3.4M as on Mar 31, 2023.
What does SAVIC do?
SAVIC provider of application development, cloud, cybersecurity, and other services through providing business support, providing IT services, and suite. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of SAVIC?
SAVIC's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
What products or services does SAVIC offer?
SAVIC offers SAVIC App Store, SAP S/4HANA, and Microsoft Azure Solutions.
Who are SAVIC's investors?
SAVIC has 2 investors. Key investors include Lalitha Prasuna Konakanchi, and Ramasamy Pillai Mohan.
What is SAVIC's valuation?
The valuation of SAVIC is $3.45M as of Jan 2019.
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