About Sparc Technologies
Sparc Technologies is a company based in Hyderabad (India) founded in 2008.. Sparc Technologies has raised $3.5 million across 1 funding round. The company has 58 employees as of March 22, 2024. Sparc Technologies has completed 1 acquisition, including Lucky Brand. Sparc Technologies operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Hyderabad, India
- Employees 58 as on 22 Mar, 2024
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Sectors
Technology
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Phone
*********
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Website
*********
- Legal Name Sparc Cybertech Private Limited
- Date of Incorporation 09 Apr, 2008
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$1.67 M (USD)429.69as on Mar 31, 2023
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Net Profit
$164.51 K (USD)845.2as on Mar 31, 2023
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EBITDA
$287.63 K (USD)138.43as on Mar 31, 2023
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Total Equity Funding
$3.5 M (USD)
in 1 rounds
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Latest Funding Round
$3.5 M (USD), Series A
Nov 02, 2022
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Investors
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Employee Count
58
as on Mar 22, 2024
- Investments & Acquisitions
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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 Total Funding
- Total Rounds 1
- Last Round Series A — $3.5M
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First Round
First Round
(02 Nov 2022)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series A - Sparc Technologies | Valuation |
investors |
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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 |
Investments & Acquisitions by Sparc Technologies
Sparc Technologies has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lucky Brand. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Internet first brand of denim brand for men and women
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1990 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sparc Technologies
| 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 |
Sparc Technologies Comparisons
Competitors of Sparc Technologies
Sparc Technologies 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are 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 Sparc Technologies
Frequently Asked Questions about Sparc Technologies
When was Sparc Technologies founded?
Sparc Technologies was founded in 2008 and raised its 1st funding round 14 years after it was founded.
Where is Sparc Technologies located?
Sparc Technologies is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Sparc Technologies a funded company?
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 02, 2022.
How many employees does Sparc Technologies have?
As of Mar 22, 2024, the latest employee count at Sparc Technologies is 58.
What is the annual revenue of Sparc Technologies?
Annual revenue of Sparc Technologies is $1.67M as on Mar 31, 2023.
What does Sparc Technologies do?
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.
Who are the top competitors of Sparc Technologies?
Sparc Technologies's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
How many acquisitions has Sparc Technologies made?
Sparc Technologies has made 1 acquisition, including Lucky Brand.