About Synoverge
Synoverge is a company based in Ahmedabad (India) founded in 2010 by Namrata Gupta, Jayanta Sarkar, Prashant Halari, Nirmala Desai, and Ritesh Dave.. Synoverge has raised $31.39 thousand across 3 funding rounds from investors including Sonal Shah, Anita Upadhyay and Venkat Gandhi Poddutoori. The company has 69 employees as of June 18, 2024. Synoverge offers products and services including Digital Transformation, Platform Engineering, Enterprise Applications, Verification and Validation, and AI and BI Services. Synoverge operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Ahmedabad, India
- Employees 69 as on 18 Jun, 2024
- Founders Namrata Gupta, Jayanta Sarkar, Prashant Halari, Nirmala Desai, Ritesh Dave
-
Sectors
Business ServicesTechnology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Synoverge Technologies Private Limited
- Date of Incorporation 01 Apr, 2010
- Jurisdiction Ahmedabad, Gujarat, India
-
Annual Revenue
$3.35 M (USD)9.37as on Mar 31, 2023
-
Net Profit
$383.95 K (USD)-14.66as on Mar 31, 2023
-
EBITDA
$965.04 K (USD)16.76as on Mar 31, 2023
-
Total Equity Funding
$31.39 K (USD)
in 3 rounds
-
Latest Funding Round
$20 K (USD), Angel Round
Aug 28, 2018
-
Investors
& 7 more
-
Employee Count
69
as on Jun 18, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Synoverge
Synoverge offers a comprehensive portfolio of products and services, including Digital Transformation, Platform Engineering, Enterprise Applications, Verification and Validation, and AI and BI Services. 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.
Service to prepare businesses for digital challenges and scalability
Solutions for innovative product delivery and tech advancement
Custom solutions for organizational efficiency and operations
Processes to streamline software development and reduce costs
Tools for data analysis and value realization at scale
Unlock access to complete
Funding Insights of Synoverge
Synoverge has successfully raised a total of $31.39K across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $20 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 3
- Last Round Angel Round — $19,998
-
First Round
First Round
(05 Apr 2013)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Angel Round - Synoverge | Valuation | Anita Upadhyay | |
| May, 2014 | Amount | Angel Round - Synoverge | Valuation | Sonal Shah , Anita Upadhyay |
|
| Apr, 2013 | Amount | Angel Round - Synoverge | Valuation | Venkat Gandhi Poddutoori |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Synoverge
Synoverge has secured backing from 8 investors, including angel investors. Prominent investors backing the company include Sonal Shah, Anita Upadhyay and Venkat Gandhi Poddutoori. 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 |
|---|---|---|---|---|
|
SS
Sonal Shah |
-
|
Founded Year | Domain | Location |
|
AU
Anita Upadhyay |
-
|
Founded Year | Domain | Location |
|
VG
Venkat Gandhi Poddutoori |
Angel investor and tech leader, ex-Microsoft, passionate about startups
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Synoverge
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Synoverge
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Synoverge Comparisons
Competitors of Synoverge
Synoverge 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.
|
|
| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
|
|
| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
|
|
| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
|
|
| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
|
|
| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Synoverge
When was Synoverge founded?
Synoverge was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is Synoverge located?
Synoverge is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Who is the current CEO of Synoverge?
Prashant Halari is the current CEO of Synoverge. They have also founded this company.
Is Synoverge a funded company?
Synoverge is a funded company, having raised a total of $31.39K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $11.39K, raised on Apr 05, 2013.
How many employees does Synoverge have?
As of Jun 18, 2024, the latest employee count at Synoverge is 69.
What is the annual revenue of Synoverge?
Annual revenue of Synoverge is $3.35M as on Mar 31, 2023.
What does Synoverge do?
Synoverge was established in 2010 in Ahmedabad, India, within the IT sector. A range of services including IT suite solutions, digital transformation, and IoT implementations is offered to clients. Operations are centered on technology integration and support, with leadership provided by co-founders such as Prashant Halari, who serves as CEO and Managing Director. Focus remains on practical applications in digital and connected systems across the region.
Who are the top competitors of Synoverge?
Synoverge's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
What products or services does Synoverge offer?
Synoverge offers Digital Transformation, Platform Engineering, Enterprise Applications, Verification and Validation, and AI and BI Services.
Who are Synoverge's investors?
Synoverge has 8 investors. Key investors include Sonal Shah, Anita Upadhyay, Venkat Gandhi Poddutoori, Jayant Sharma, and Vaseein Lahori.
What is Synoverge's valuation?
The valuation of Synoverge is $947.47K as of Aug 2018.