About Simpliance
Simpliance is a company based in Bengaluru (India) founded in 2015 by Subramanya Raju, Preetha Chrisma, Veena Anumandala, and Madhu Damodaran was acquired by Aparajitha Corporate Services in October 2022.. Simpliance has raised $658.73 thousand across 2 funding rounds from investors including Quess and Aparajitha Corporate Services. The company has 42 employees as of April 04, 2024. Simpliance operates in a competitive market with competitors including Contractor Compliance, Globalworks, Scrum System, Social Security App and Working Status, among others.
- Headquarter Bengaluru, India
- Employees 42 as on 04 Apr, 2024
- Founders Subramanya Raju, Preetha Chrisma, Veena Anumandala, Madhu Damodaran
- 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
*********
- Legal Name Simpliance Technologies Private Limited
- Date of Incorporation 27 Apr, 2016
- Jurisdiction Madurai North, Tamil Nadu, India
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Annual Revenue
$2.88 M (USD)94.78as on Mar 31, 2023
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Net Profit
$369.74 K (USD)15.19as on Mar 31, 2023
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EBITDA
$560.92 K (USD)14.28as on Mar 31, 2023
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Total Equity Funding
$658.73 K (USD)
in 2 rounds
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Latest Funding Round
$291.39 K (USD), Seed
Aug 10, 2018
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Investors
Quess
& 1 more
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Employee Count
42
as on Apr 04, 2024
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Acquired by
Aparajitha Corporate Services
(Oct 07, 2022)
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Funding Insights of Simpliance
Simpliance has successfully raised a total of $658.73K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $291.39 thousand completed in August 2018. 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 2
- Last Round Seed — $291,392
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First Round
First Round
(02 Jan 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Seed - Simpliance | Valuation | Quess |
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| Jan, 2017 | Amount | Seed - Simpliance | Valuation | Quess |
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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 Simpliance
Simpliance has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Quess and Aparajitha Corporate Services. 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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Provider of outsourcing and business services
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Founded Year | Domain | Location | |
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End-to-end HR services are provided to various organizations.
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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 Simpliance
| 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 - Simpliance
| 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 |
Simpliance Comparisons
Competitors of Simpliance
Simpliance 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 Contractor Compliance, Globalworks, Scrum System, Social Security App and Working Status, 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 |
Contractor management software for the construction industry is offered.
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| domain | founded_year | HQ Location |
Social risks in workplaces are identified through social media analysis.
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| domain | founded_year | HQ Location |
Provides EHS compliance management software for enterprises.
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| domain | founded_year | HQ Location |
App tracks business travels and ensures EU social security compliance for employees.
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| domain | founded_year | HQ Location |
UK right-to-work compliance and document scanning software is provided.
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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 Simpliance
Frequently Asked Questions about Simpliance
When was Simpliance founded?
Simpliance was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Simpliance located?
Simpliance is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Simpliance a funded company?
Simpliance is a funded company, having raised a total of $658.73K across 2 funding rounds to date. The company's 1st funding round was a Seed of $367.33K, raised on Jan 02, 2017.
How many employees does Simpliance have?
As of Apr 04, 2024, the latest employee count at Simpliance is 42.
What is the annual revenue of Simpliance?
Annual revenue of Simpliance is $2.88M as on Mar 31, 2023.
What does Simpliance do?
Simpliance was founded in 2015 in Bengaluru, India, as a SaaS platform in the compliance management sector. Central and state laws are consolidated and auto-configured on the platform, with recurring compliances scheduled centrally. Operations include a dashboard for real-time status updates and risk scores, customizable internal checklists, stakeholder collaboration tools, evidence management, audit logs, and retrieval of historical compliances. Detailed requirements, recurrences, penalties, and execution resources are also made available.
Who are the top competitors of Simpliance?
Simpliance's top competitors include Contractor Compliance, Globalworks and Scrum System.
Who are Simpliance's investors?
Simpliance has 2 investors. Key investors include Quess, and Aparajitha Corporate Services.
What is Simpliance's valuation?
The valuation of Simpliance is $2M as of Aug 2018.