About SOAIS
SOAIS is a company based in Bengaluru (India) founded in 2006 by Ravi Ayyalaraju, Nimish Sanghi, and Muru Manickam.. SOAIS has raised $580.06 thousand across 3 funding rounds from investors including Gururaja Upendra, Samira Rao and Lalit Kumar. The company has 184 employees as of April 06, 2024. SOAIS offers products and services including Robotic Process Automation, Test Automation, and Oracle Cloud. SOAIS operates in a competitive market with competitors including QualiTest, Cigniti, Logigear, SQS and App Labs, among others.
- Headquarter Bengaluru, India
- Employees 184 as on 06 Apr, 2024
- Founders Ravi Ayyalaraju, Nimish Sanghi, Muru Manickam
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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 Soa It Solutions Private Limited
- Date of Incorporation 02 May, 2006
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$2.45 M (USD)10.65as on Mar 31, 2022
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Net Profit
$266.75 K (USD)33.4as on Mar 31, 2022
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EBITDA
$360.8 K (USD)45.98as on Mar 31, 2022
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Total Equity Funding
$580.06 K (USD)
in 3 rounds
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Latest Funding Round
$102.78 K (USD), Angel Round
Mar 25, 2010
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Investors
Arman Commercial
& 25 more
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Employee Count
184
as on Apr 06, 2024
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Products & Services of SOAIS
SOAIS offers a comprehensive portfolio of products and services, including Robotic Process Automation, Test Automation, and Oracle Cloud. 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.
Automates business processes to boost efficiency and reduce costs.
Automates testing for enterprise applications using various tools.
Provides cloud solutions for ERP and business operations management.
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Funding Insights of SOAIS
SOAIS has successfully raised a total of $580.06K across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $102.78 thousand completed in March 2010. 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 3
- Last Round Angel Round — $102,775
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First Round
First Round
(12 Jan 2007)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2010 | Amount | Angel Round - SOAIS | Valuation | Murugappan Nagamanikkam | |
| Jan, 2009 | Amount | Angel Round - SOAIS | Valuation | Ravichandran Nagamanikkam | |
| Jan, 2007 | Amount | Seed - SOAIS | Valuation | Jamunarani Ramraj |
| 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 SOAIS
SOAIS has secured backing from 26 investors, including angel and institutional investors. Prominent investors backing the company include Gururaja Upendra, Samira Rao and Lalit Kumar. 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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Founded Year | Domain | Location | |
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GU
Gururaja Upendra |
Angel investor and tech entrepreneur, co-founder of Speedy Hire, active in startups
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Founded Year | Domain | Location |
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SR
Samira Rao |
Angel investor and entrepreneur, co-founder of Nykaa, focusing on consumer and beauty tech.
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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 SOAIS
| 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 - SOAIS
| 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 |
Soais Comparisons
Competitors of SOAIS
SOAIS 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 QualiTest, Cigniti, Logigear, SQS and App Labs, 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 |
Software testing services are provided across multiple industries.
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| domain | founded_year | HQ Location |
Independent software testing services are provided with proprietary tools.
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| domain | founded_year | HQ Location |
Provider of software testing services
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| domain | founded_year | HQ Location |
Software testing services are provided across various industries by SQS.
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| domain | founded_year | HQ Location |
Provider of software testing services
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| domain | founded_year | HQ Location |
Software testing services are delivered to support quality assurance needs.
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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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Frequently Asked Questions about SOAIS
When was SOAIS founded?
SOAIS was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is SOAIS located?
SOAIS is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is SOAIS a funded company?
SOAIS is a funded company, having raised a total of $580.06K across 3 funding rounds to date. The company's 1st funding round was a Seed of $439.15K, raised on Jan 12, 2007.
How many employees does SOAIS have?
As of Apr 06, 2024, the latest employee count at SOAIS is 184.
What is the annual revenue of SOAIS?
Annual revenue of SOAIS is $2.45M as on Mar 31, 2022.
What does SOAIS do?
SOAIS was founded in 2006 in Bengaluru, India, within the IT sector focused on cloud technologies. Enterprise cloud support is delivered, including Oracle Cloud implementations, PaaS solution development, and maintenance for cloud-based applications. Test automation and advisory services for cloud transformation roadmaps are also extended. Clients served include Medtronic, Concentrix, eBay, and Mphasis.
Who are the top competitors of SOAIS?
What products or services does SOAIS offer?
SOAIS offers Robotic Process Automation, Test Automation, and Oracle Cloud.
Who are SOAIS's investors?
SOAIS has 26 investors. Key investors include Gururaja Upendra, Samira Rao, Lalit Kumar, Upendra Ramaswamy, and P V Arvind.
What is SOAIS's valuation?
The valuation of SOAIS is $502.68K as of Mar 2010.
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