About SecurTime
SecurTime is a company based in Bengaluru (India) founded in 2012 by Praveen Gongireddy and Prasanna Kumar Kotha was acquired by ADP in January 2023.. SecurTime has raised $2.15 million across 7 funding rounds from investors including ADP, Axilor Ventures and Parampara Capital. The company has 67 employees as of March 28, 2024. SecurTime operates in a competitive market with competitors including Legion, WorkJam, Harri, Work Market and Eden Workplace, among others.
- Headquarter Bengaluru, India
- Employees 67 as on 28 Mar, 2024
- Founders Praveen Gongireddy, Prasanna Kumar Kotha
- Stage Minicorn
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Sectors
Technology
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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 Securax Tech Solutions (India) Private Limited
- Date of Incorporation 19 Mar, 2012
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$855.2 K (USD)11486296.17as on Mar 31, 2023
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Net Profit
$-455.78 K (USD)-17769859.68as on Mar 31, 2023
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EBITDA
$-219.21 K (USD)-39573266.92as on Mar 31, 2023
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Total Equity Funding
$2.15 M (USD)
in 7 rounds
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Latest Funding Round
$801.5 K (USD), Seed
Mar 24, 2023
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Investors
ADP
& 19 more
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Employee Count
67
as on Mar 28, 2024
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Acquired by
ADP
(Jan 18, 2023)
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Funding Insights of SecurTime
SecurTime has successfully raised a total of $2.15M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $801.5 thousand completed in March 2023. 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 7
- Last Round Seed — $801,504
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First Round
First Round
(31 Oct 2014)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Seed - SecurTime | Valuation | ADP |
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| Oct, 2021 | Amount | Seed - SecurTime | Valuation | Axilor Ventures |
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| Jun, 2020 | Amount | Seed - SecurTime | Valuation | Axilor Ventures |
| 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 SecurTime
SecurTime has secured backing from 20 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include ADP, Axilor Ventures and Parampara 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 firm investing in early-stage startups in technology sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on healthcare, consumer, and multiple sectors
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Founded Year | Domain | Location | |
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Angel investor network 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 SecurTime
| 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 - SecurTime
| 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 |
Securtime Comparisons
Competitors of SecurTime
SecurTime 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 Legion, WorkJam, Harri, Work Market and Eden Workplace, 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 |
Workforce management solutions are provided through intelligent automation technology.
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| domain | founded_year | HQ Location |
Hourly workforce schedules and communications are managed via software.
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| domain | founded_year | HQ Location |
Recruitment and workforce management are offered for hospitality.
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| domain | founded_year | HQ Location |
Freelance management, payments, and reporting are facilitated by AI software.
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| domain | founded_year | HQ Location |
SaaS-based workplace management software for offices is delivered.
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| domain | founded_year | HQ Location |
Cloud-based HCM software is provided for enterprise HR processes.
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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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Frequently Asked Questions about SecurTime
When was SecurTime founded?
SecurTime was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is SecurTime located?
SecurTime is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of SecurTime?
Prasanna Kumar Kotha is the current CEO of SecurTime. They have also founded this company.
Is SecurTime a funded company?
SecurTime is a funded company, having raised a total of $2.15M across 7 funding rounds to date. The company's 1st funding round was a Seed of $122.81K, raised on Oct 31, 2014.
How many employees does SecurTime have?
As of Mar 28, 2024, the latest employee count at SecurTime is 67.
What is the annual revenue of SecurTime?
Annual revenue of SecurTime is $855.2K as on Mar 31, 2023.
What does SecurTime do?
Cloud-based suite solutions for contingent workforce management. It offers features such as live attendance tracking, alerts, and notifications management, shift scheduling, dashboard analytics, reports generation, payroll management, and more. It allows users to apply for leave and manages holidays. It is a tool available on the subscription based pricing model.
Who are the top competitors of SecurTime?
Who are SecurTime's investors?
SecurTime has 20 investors. Key investors include ADP, Axilor Ventures, Parampara Capital, Pratithi Investments, and Naga Raju Kotha.
What is SecurTime's valuation?
The valuation of SecurTime is $16.06M as of Mar 2023.
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