About Sparc Technologies
Sparc Technologies is a Technology company based in Hyderabad (India) founded in 2008. It operates as an application development and data analytics services are provided globally. Sparc Technologies has raised $3.5 million across 1 funding round. The company has 58 employees. Sparc Technologies has completed 1 acquisition, including Lucky Brand. Its Indian entity Sparc Cybertech Private Limited reported revenue of ₹13.87 Cr. Its focus areas include Business Services, IT Services and Suite. Its competitors include UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture and 4 more; 3 of its 9 listed competitors have raised funding.
Company details
SPARC was founded in 2008 and is headquartered in Hyderabad, India. Operations focus on the information technology sector, where custom application development and data analytics solutions are delivered to various clients. Services encompass software engineering, data processing, and analytical tools tailored for business needs. The company maintains its primary presence in India, supporting regional and international projects through its domain at sparctechnologies.com.
- Headquarters Hyderabad, India
- Employees 58
- SectorsTechnology
- Website sparctechnologies.com
- Legal Name Sparc Cybertech Private Limited
- Date of Incorporation 09 Apr, 2008
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹13.87 Cr
FY 2023 · +53% YoY
- Net Profit₹1.37 Cr
FY 2023 · 10% margin
- EBITDA₹2.31 Cr
FY 2023 · 17% margin
- Total Equity Funding$3.5M (USD)
in 1 rounds
- Latest Funding Round$3.5M (USD), Series A
Nov 2022
- Employee Count58
- Investments & Acquisitions
Associated legal entities of Sparc Technologies
Sparc Technologies is associated with 2 registered companies on The Company Check; the primary company is Sparc Cybertech Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sparc Cybertech Private Limited CIN U72900TG2008PTC058606 | Active | 09 Apr 2008 | Hyderabad, Telangana | ₹13.9 Cr | 58 | 4 | View details |
| Doux Foodworks Llp CIN AAO-2266 | Active | 07 Feb 2019 | Secunderabad, Telangana | – | 24 | 2 | View details |
Funding Insights of Sparc Technologies
Sparc Technologies has successfully raised a total of $3.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.5 million completed in November 2022. 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 $3.5M
- Total Rounds 1
- Last Round Series A — $3.5M
- First Round $3.5M
(Nov 2022)
All 1 funding rounds of Sparc Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | $3.5M | Series A | – | – | – |
Board of directors of Sparc Cybertech Private Limited (Sparc Technologies)
Sparc Cybertech Private Limited is the primary company behind Sparc Technologies. The boards of the 2 registered companies of Sparc Technologies currently have 6 directors; the longest-serving is Sigatapu Veeralakshmana Vardhan, appointed in 2008. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sigatapu Veeralakshmana Vardhan DIN 02118200 | Director | 09 Apr 2008 | 18 yrs 6 mo | Sparc Cybertech Private Limited |
| Pinnapureddy Jaya Aditya Reddy DIN 02969610 | Director | 27 Apr 2012 | 14 yrs 5 mo | Sparc Cybertech Private Limited |
| Alekhya Sigatapu DIN 05181238 | Director | 02 Jan 2017 | 9 yrs 9 mo | Sparc Cybertech Private Limited |
| Pilly Shilpa DIN 08010528 | Director | 02 Jan 2017 | 9 yrs 9 mo | Sparc Cybertech Private Limited |
| Sahil Taneja DIN 06445371 | Designated Partner | 07 Feb 2019 | 7 yrs 8 mo | Doux Foodworks Llp |
| Pooja Reddy DIN 08237070 | Designated Partner | 07 Feb 2019 | 7 yrs 8 mo | Doux Foodworks Llp |
Financials of Sparc Technologies
Figures of Sparc Cybertech Private Limited, the primary company behind Sparc Technologies, for FY 2023. Revenue was ₹13.87 Cr (+53% year on year). Net profit was ₹1.37 Cr (10% margin). EBITDA was ₹2.31 Cr (17% margin). Revenue has grown at a compounded annual rate of +113% over three years and +47% over five years.
- ₹13.87 CrRevenue · FY 2023 · +53% YoY
- ₹1.37 CrNet profit · 10% margin
- ₹2.31 CrEBITDA · 17% margin
- ₹27.5 LakhPaid-up capital
- 58Employees (provident fund records)
- +113%Revenue CAGR, 3 years
- +47%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sparc Cybertech Private Limited are on its company page.
Detailed financial statements for Sparc Technologies
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Investments & Acquisitions by Sparc Technologies
Sparc Technologies has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lucky Brand.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Internet first brand of denim brand for men and women | luckybrand.com | Los Angeles, United States | 1990 | Aug 2020 | $140.1M |
Complete acquisition details for Sparc Technologies
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Timeline of Sparc Technologies
3 dated milestones of Sparc Technologies across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Sparc Technologies is founded.
- Acquisition Acquires Lucky Brand.
- Funding First funding round of $3.5M.
Competitors of Sparc Technologies
Sparc Technologies has 9 listed competitors in our database, 3 of them funded. They include UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ust.com.tw | 1998 | Taiwan | – | – | High-quality office furniture is provided by UST for various needs. | |
| genpact.com | 1997 | New York, United States | – | 129,140 | Provider of end-to-end business process outsourcing services | |
| ionos.com | 1988 | Chesterbrook, United States | – | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | |
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| accenture.com | 1989 | Dublin, Ireland | – | 29 | IT and management consultancy services are provided globally. | |
| nttdata.com | 1967 | Koto, Japan | – | 4 | Application development, cloud, cybersecurity, and business intelligence services are provided. | |
| mavenir.com | 2005 | Richardson, United States | $105.36M | 363 | Multi-access edge networking computing platform is provided for mobile services. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| endava.com | 2000 | London, United Kingdom | – | 12,063 | Endava is engaged in digital transformation and AI-driven solutions. |
Detailed competitors of Sparc Technologies
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Top companies in IT Services & Operations
10 companies that operate in the same segment as Sparc Technologies (IT Services & Operations), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | 1,898 | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Converged data management solutions are provided for backup and recovery. | 2014 | Palo Alto, California, United States | USD 553 M | USD 1.32 B | 5,196 | |
IT backup and recovery solutions are provided via cloud platform. | 2006 | Columbus, Ohio, United States | USD 1.04 B | – | 7,596 | |
IT outsourcing services are delivered across multiple business lines. | 2011 | Bengaluru, Karnataka, India | USD 64.83 M | USD 246.74 M | 5,260 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 |
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Frequently Asked Questions about Sparc Technologies
Sparc Technologies was founded in 2008 and raised its 1st funding round 14 years after it was founded.
Sparc Technologies is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Sparc Technologies is a funded company, having raised a total of $3.5M across 1 funding round to date. The company's 1st funding round was a Series A of $3.5M, raised on Nov 2022.
Sparc Technologies has 58 employees.
The primary company behind Sparc Technologies, Sparc Cybertech Private Limited, reported revenue of ₹13.87 Cr for FY 2023, up 53% year on year.
SPARC was founded in 2008 and is headquartered in Hyderabad, India. Operations focus on the information technology sector, where custom application development and data analytics solutions are delivered to various clients. Services encompass software engineering, data processing, and analytical tools tailored for business needs. The company maintains its primary presence in India, supporting regional and international projects through its domain at sparctechnologies.com.
Sparc Technologies's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Sparc Technologies has made 1 acquisition, including Lucky Brand.
Sparc Technologies is associated with 2 legal entities: Sparc Cybertech Private Limited, Doux Foodworks Llp.
The legal entities of Sparc Technologies currently have 6 directors, including Sahil Taneja, Pooja Reddy, Alekhya Sigatapu and others.