About TeleStax
TeleStax is a company based in Austin (United States) founded in 2011 by Smita Saha was acquired by Mavenir in August 2021.. TeleStax has raised $7.93 million across 3 funding rounds from investors including Mavenir and Live Oak Ventures. TeleStax operates in a competitive market with competitors including RingCentral, Avaya, Vonage, Agora and Bandwidth, among others.
- Headquarter Austin, United States
- Founders Smita Saha
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Sectors
Technology
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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 Telestax Software Solutions India Private Limited
- Date of Incorporation 20 Sep, 2018
- Jurisdiction Kalyani Nagar, Pune, Maharashtra, India
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Annual Revenue
$177.67 K (USD)255.16as on Mar 31, 2020
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Net Profit
$-12.99 K (USD)-644.46as on Mar 31, 2020
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EBITDA
$-2.26 K (USD)-104.81as on Mar 31, 2020
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Total Equity Funding
$7.93 M (USD)
in 3 rounds
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Latest Funding Round
$2.39 M (USD), Series A
Feb 05, 2019
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Investors
Mavenir
& 1 more
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Employee Count
Employee Count
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Acquired by
Mavenir
(Aug 25, 2021)
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Funding Insights of TeleStax
TeleStax has successfully raised a total of $7.93M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.39 million completed in February 2019. 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 Series A — $2.4M
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First Round
First Round
(02 Oct 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2019 | Amount | Series A - TeleStax | Valuation |
investors |
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| Jul, 2017 | Amount | Series A - TeleStax | Valuation |
investors |
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| Oct, 2015 | Amount | Seed - TeleStax | 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 |
Investors in TeleStax
TeleStax has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Mavenir and Live Oak Ventures. 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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Venture capital fund investing across early-stage tech startups
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Founded Year | Domain | Location | |
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Multi-access edge networking computing platform is provided for mobile services.
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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 TeleStax
| 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 - TeleStax
| 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 |
Telestax Comparisons
Competitors of TeleStax
TeleStax 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 RingCentral, Avaya, Vonage, Agora and Bandwidth, 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 |
Cloud-based unified communication solutions are offered to diverse sectors.
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| domain | founded_year | HQ Location |
Cloud-based unified communication software is delivered for businesses.
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| domain | founded_year | HQ Location |
Provider of contact center business communication solutions
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| domain | founded_year | HQ Location |
Real-time communication and conversational AI solutions are provided by Agora.
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| domain | founded_year | HQ Location |
VoIP communication management is facilitated via a cloud-based enterprise platform.
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| domain | founded_year | HQ Location |
Chat APIs and SDKs are provided for app messaging integration.
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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 Telestax
Frequently Asked Questions about TeleStax
When was TeleStax founded?
TeleStax was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is TeleStax located?
TeleStax is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is TeleStax a funded company?
TeleStax is a funded company, having raised a total of $7.93M across 3 funding rounds to date. The company's 1st funding round was a Seed of $810K, raised on Oct 02, 2015.
What is the annual revenue of TeleStax?
Annual revenue of TeleStax is $177.67K as on Mar 31, 2020.
What does TeleStax do?
TeleStax was founded in 2011 in Austin, United States, within the telecommunications sector. An open source platform is offered to enable the development and deployment of real-time communication applications. Business communications and collaboration solutions are supported for organizations. The Restcomm middleware is utilized by enterprises, systems integrators, OEMs, and VARs to implement extensible communication systems. Operations focus on middleware-based services for scalable deployments.
Who are the top competitors of TeleStax?
Who are TeleStax's investors?
TeleStax has 2 investors. Key investors include Mavenir, and Live Oak Ventures.
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