About Simelabs
Simelabs is a company based in Ernakulam (India) founded in 2014 by Prakash Bare, Derrick Sebastian, and Tom Antony was acquired by Astek in February 2024. It operates as a Professional Services, and Managed Services. The company has 172 employees as of April 09, 2024. Simelabs offers products and services including Digital Transformation Solutions, Data Engineering and Science, and Artificial Intelligence. Simelabs operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Ernakulam, India
- Employees 172 as on 09 Apr, 2024
- Founders Prakash Bare, Derrick Sebastian, Tom Antony
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Sectors
Business ServicesTechnology
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Phone
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- Legal Name Sinergia Media Labs Private Limited
- Date of Incorporation 07 Feb, 2022
- Jurisdiction Kanayannur, Kerala, India
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Products & Services of Simelabs
Simelabs offers a comprehensive portfolio of products and services, including Digital Transformation Solutions, Data Engineering and Science, and Artificial Intelligence. 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.
Digital solutions are provided for business transformation needs.
Data solutions are offered for business growth strategies.
AI solutions are developed for accelerated business innovation.
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Funding Insights of Simelabs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Simelabs
Simelabs has secured backing from 1 investor. Prominent investors backing the company include Astek. 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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IT service suites and AI solutions are provided by Astek.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Simelabs
| 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 - Simelabs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Simelabs Comparisons
Competitors of Simelabs
Simelabs 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 Accenture, 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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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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IT outsourcing services are delivered across multiple business lines.
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IT and management consultancy services are provided globally.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Simelabs
Frequently Asked Questions about Simelabs
When was Simelabs founded?
Simelabs was founded in 2014.
Where is Simelabs located?
Simelabs is headquartered in Ernakulam, India. It is registered at Ernakulam, Kerala, India.
Who is the current CEO of Simelabs?
Derrick Sebastian is the current CEO of Simelabs. They have also founded this company.
How many employees does Simelabs have?
As of Apr 09, 2024, the latest employee count at Simelabs is 172.
What is the annual revenue of Simelabs?
Annual revenue of Simelabs is $6.6M as on Mar 31, 2023.
What does Simelabs do?
Simelabs is involved in delivering digital transformation, software development, and data technology solutions globally. Services are provided across various sectors including healthcare, retail, manufacturing, BFSI, life sciences, and satellite communication. Cutting-edge digital solutions are offered to enhance customer experiences, streamline operations, and drive revenue growth. The company is focused on empowering businesses with innovative tools and technologies to improve efficiency and achieve business goals.
Who are the top competitors of Simelabs?
Simelabs's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does Simelabs offer?
Simelabs offers Digital Transformation Solutions, Data Engineering and Science, and Artificial Intelligence.
Who are Simelabs's investors?
Simelabs has 1 investor. Key investors include Astek.