About StoryTech
StoryTech is a Technology company based in Hyderabad (India) founded in 2016. Mobile application development services are provided by StoryTech. StoryTech has raised $507.07 thousand across 1 funding round from investors including Family Office of Kantamaneni. The company has 24 employees. StoryTech was last valued at $2.44 million in August 2022. Its Indian entity Storytech Private Limited reported revenue of ₹1.07 Cr. Its focus areas include Business Services, IT Services, Application Development and Mobile App Development.
Company details
StoryTech was founded in 2016 and is based in Hyderabad, India. Mobile application development services are offered within the technology sector. Custom apps for iOS and Android platforms are created, along with related design and maintenance support. Operations focus on client needs in the IT industry, with services accessible via the domain storytech.in. The company maintains a presence in the Indian market for software solutions.
- Headquarters Hyderabad, India
- Employees 24
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website storytech.in
- Social X Facebook Instagram
- Legal Name Storytech Private Limited
- Date of Incorporation 22 Aug, 2016
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹1.07 Cr
FY 2024 · -35% YoY
- Net Loss-₹3.24 Cr
FY 2024 · -303% margin
- EBITDA-₹3.12 Cr
FY 2024 · -292% margin
- Total Equity Funding$507.07K (USD)
in 1 rounds
- Latest Funding Round$507.07K (USD), Seed
Aug 2022
- Employee Count24
Associated legal entities of StoryTech
StoryTech operates through Storytech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Storytech Private Limited CIN U74999TG2016PTC111587 | Active | 22 Aug 2016 | Hyderabad, Telangana | ₹1.1 Cr | 24 | 2 | View details |
Funding Insights of StoryTech
StoryTech has successfully raised a total of $507.07K through 1 strategic funding round. The most recent funding activity was a Seed round of $507.07 thousand completed in August 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 $507,071
- Total Rounds 1
- Last Round Seed — $507,071
- First Round $507,071
(Aug 2022)
- Investors Count 1
All 1 funding rounds of StoryTech 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 |
|---|---|---|---|---|---|
| Aug 2022 | $507,071 | Seed | $2.44M | Family Office of Kantamaneni | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2022 | $2.44M | •••••••• |
Last known valuation $2.44M (Aug 2022). 1 investors in total: 1 institutional.
Investors in StoryTech
StoryTech has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Family Office of Kantamaneni.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are directed by the angel network across multiple sectors. | familyofficeofkantamaneni.tcc.mode |
Investor details for StoryTech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Storytech Private Limited (StoryTech)
Storytech Private Limited is the primary company behind StoryTech. The board of Storytech Private Limited currently have 2 directors; the longest-serving is Lakshmi Challa, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Lakshmi Challa DIN 02742392 | Director | 22 Aug 2016 | 10 yrs 2 mo | Storytech Private Limited |
| Prasanna Challa DIN 01630300 | Director | 22 Aug 2016 | 10 yrs 2 mo | Storytech Private Limited |
Financials of StoryTech
Figures of Storytech Private Limited, the primary company behind StoryTech, for FY 2024. Revenue was ₹1.07 Cr (-35% year on year). Net loss was -₹3.24 Cr (-303% margin). EBITDA was -₹3.12 Cr (-292% margin). Revenue has grown at a compounded annual rate of -10% over three years.
- ₹1.07 CrRevenue · FY 2024 · -35% YoY
- -₹3.24 CrNet loss · -303% margin
- -₹3.12 CrEBITDA · -292% margin
- ₹67.9 LakhPaid-up capital
- 24Employees (provident fund records)
- -10%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Storytech Private Limited are on its company page.
Detailed financial statements for StoryTech
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of StoryTech
3 dated milestones of StoryTech across 6 years, from founding to its latest funding, stage changes and deals.
- Founded StoryTech is founded.
- Funding First funding round of $507K.
- Milestone Reaches Minicorn status.
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Related news about Storytech
Complete news archive for StoryTech
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- Full article archive
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Frequently Asked Questions about StoryTech
StoryTech was founded in 2016 and raised its 1st funding round 6 years after it was founded.
StoryTech is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
StoryTech is a funded company, having raised a total of $507.07K across 1 funding round to date. The company's 1st funding round was a Seed of $507.07K, raised on Aug 2022.
StoryTech has 24 employees.
The primary company behind StoryTech, Storytech Private Limited, reported revenue of ₹1.07 Cr for FY 2024, down 35% year on year.
StoryTech was founded in 2016 and is based in Hyderabad, India. Mobile application development services are offered within the technology sector. Custom apps for iOS and Android platforms are created, along with related design and maintenance support. Operations focus on client needs in the IT industry, with services accessible via the domain storytech.in. The company maintains a presence in the Indian market for software solutions.
StoryTech has 1 investor. Key investors include Family Office of Kantamaneni.
The valuation of StoryTech is $2.44M as of Aug 2022.
StoryTech operates through Storytech Private Limited.
The legal entities of StoryTech currently have 2 directors, including Lakshmi Challa, Prasanna Challa.