About Tarnea Technology
Tarnea Technology is a company based in Bengaluru (India) founded in 2011 by Madhav Sitaraman and Suresh Satyamurthy.. Tarnea Technology has raised $6.51 million across 22 funding rounds from investors including Sri Kumaraguru Mill, Exxora Trading and Cowrie Capital. The company has 35 employees as of March 31, 2024. Tarnea Technology offers products and services including Tarnea iPlaza and EasyRx. Tarnea Technology operates in a competitive market with competitors including Morelex, Apozin, MED-REP, MyPharma and Fangzi Technology, among others.
- Headquarter Bengaluru, India
- Employees 35 as on 31 Mar, 2024
- Founders Madhav Sitaraman, Suresh Satyamurthy
- Stage Minicorn
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Sectors
Healthcare
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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 Tarnea Technology Solutions Private Limited
- Date of Incorporation 07 Jul, 2011
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$36.03 K (USD)-20.12as on Mar 31, 2023
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Net Profit
$-210.82 K (USD)35.22as on Mar 31, 2023
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EBITDA
$-157.73 K (USD)41.77as on Mar 31, 2023
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Total Equity Funding
$6.51 M (USD)
in 22 rounds
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Latest Funding Round
$387.37 K (USD), Seed
Jan 26, 2024
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Investors
Sri Kumaraguru Mill
& 139 more
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Employee Count
35
as on Mar 31, 2024
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Products & Services of Tarnea Technology
Tarnea Technology offers a comprehensive portfolio of products and services, including Tarnea iPlaza and EasyRx. 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.
Cloud-based tool for pharmacy management and customer engagement
Real-time system for tracking prescriptions and stock levels
Funding Insights of Tarnea Technology
Tarnea Technology has successfully raised a total of $6.51M across 22 strategic funding rounds. The most recent funding activity was a Seed round of $387.37 thousand completed in January 2024. 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 22
- Last Round Seed — $387,366
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First Round
First Round
(02 Apr 2012)
- Investors Count 140
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Seed - Tarnea Technology | Valuation | Exxora Trading |
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| Sep, 2023 | Amount | Seed - Tarnea Technology | Valuation | Cowrie Capital , Vivek Khemka | |
| Jan, 2023 | Amount | Seed - Tarnea Technology | Valuation | Exxora Trading , Vijay Kumar Sinai Hede |
| 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 Tarnea Technology
Tarnea Technology has secured backing from 140 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Sri Kumaraguru Mill, Exxora Trading and Cowrie Capital. 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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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Seed-stage health-tech startups are funded by Cowrie Capital.
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Founded Year | Domain | Location | |
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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 Tarnea Technology
| 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 - Tarnea Technology
| 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 |
Tarnea Technology Comparisons
Competitors of Tarnea Technology
Tarnea Technology 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 Morelex, Apozin, MED-REP, MyPharma and Fangzi Technology, 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 |
Personalized marketing solutions are offered to pharmacies by Morelex.
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| domain | founded_year | HQ Location |
Offers apps, marketing tools, and consulting services for pharmacies.
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| domain | founded_year | HQ Location |
Cloud-based business intelligence platform for pharmacies is provided.
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| domain | founded_year | HQ Location |
Sales and marketing solutions are provided for pharmacies worldwide.
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| domain | founded_year | HQ Location |
Provides a SaaS-based digital marketing platform designed for pharmacies.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Tarnea Technology
Frequently Asked Questions about Tarnea Technology
When was Tarnea Technology founded?
Tarnea Technology was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Tarnea Technology located?
Tarnea Technology is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Tarnea Technology?
Suresh Satyamurthy is the current CEO of Tarnea Technology. They have also founded this company.
Is Tarnea Technology a funded company?
Tarnea Technology is a funded company, having raised a total of $6.51M across 22 funding rounds to date. The company's 1st funding round was a Seed of $450.32K, raised on Apr 02, 2012.
How many employees does Tarnea Technology have?
As of Mar 31, 2024, the latest employee count at Tarnea Technology is 35.
What is the annual revenue of Tarnea Technology?
Annual revenue of Tarnea Technology is $36.03K as on Mar 31, 2023.
What does Tarnea Technology do?
Tarnea Technology was founded in 2011 and is headquartered in Bengaluru, India. Cloud-based point-of-sale software is provided for retail operations, incorporating features such as real-time alerts, remote access, QR code generation for inventory, and an integrated app for customer ordering from nearby stores and bill management. The platform supports streamlined retail processes in the technology sector.
Who are the top competitors of Tarnea Technology?
What products or services does Tarnea Technology offer?
Tarnea Technology offers Tarnea iPlaza and EasyRx.
Who are Tarnea Technology's investors?
Tarnea Technology has 140 investors. Key investors include Sri Kumaraguru Mill, Exxora Trading, Cowrie Capital, Vivek Khemka, and Manoj Kumar.
What is Tarnea Technology's valuation?
The valuation of Tarnea Technology is $11.05M as of Sep 2023.