About Tericsoft
Tericsoft is a company based in Hyderabad (India) founded in 2018 by Anand Reddy K S and Abdul Rahman. Tericsoft has raised $105.25 thousand across 4 funding rounds from investors including Shyam Vala, Shashidhar Kedareswara and Ghanashyam D R. The company has 40 employees as of March 27, 2024. Tericsoft offers products and services including Product Development Services, Technology Partner, Offshore Development Team, AI Services, and Product Design Services. Tericsoft operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Hyderabad, India
- Employees 40 as on 27 Mar, 2024
- Founders Anand Reddy K S, Abdul Rahman
- Stage Minicorn
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Sectors
Business ServicesTechnology
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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 Tericsoft Technology Solutions Private Limited
- Date of Incorporation 25 Jun, 2018
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$425.46 K (USD)187.81as on Mar 31, 2022
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Net Profit
$21.97 K (USD)94.36as on Mar 31, 2022
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EBITDA
$42.02 K (USD)106.12as on Mar 31, 2022
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Total Equity Funding
$105.25 K (USD)
in 4 rounds
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Latest Funding Round
$26.41 K (USD), Angel Round
Mar 30, 2022
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Investors
& 6 more
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Employee Count
40
as on Mar 27, 2024
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Products & Services of Tericsoft
Tericsoft offers a comprehensive portfolio of products and services, including Product Development Services, Technology Partner, Offshore Development Team, AI Services, and Product Design Services.
Delivers end-to-end solutions for fixed-scope projects.
Provides long-term strategic support for product lifecycle.
Offers remote teams in India for business expansion.
Builds intelligent solutions using machine learning models.
Crafts user interfaces and experiences for products.
People of Tericsoft
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Funding Insights of Tericsoft
Tericsoft has successfully raised a total of $105.25K across 4 strategic funding rounds. The most recent funding activity was a Angel Round of $26.41 thousand completed in March 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.
Investors in Tericsoft
Tericsoft has secured backing from 7 investors, including angel investors. Prominent investors backing the company include Shyam Vala, Shashidhar Kedareswara and Ghanashyam D R.
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Shyam Vala |
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Shashidhar Kedareswara |
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Ghanashyam D R |
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Investor details for Tericsoft
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Investments & Acquisitions by Tericsoft
Investment portfolio details for Tericsoft
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Financial Statements - Tericsoft
Detailed financials for Tericsoft
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Tericsoft Comparisons
Peer comparison for Tericsoft
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Competitors of Tericsoft
Tericsoft 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.
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High-quality office furniture is provided by UST for various needs.
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Provider of end-to-end business process outsourcing services
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Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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IT outsourcing services are delivered across multiple business lines.
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IT and management consultancy services are provided globally.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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Detailed competitors of Tericsoft
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Latest news on Tericsoft
Complete news archive for Tericsoft
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Frequently Asked Questions about Tericsoft
Tericsoft was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Tericsoft is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Abdul Rahman is the current CEO of Tericsoft. They have also founded this company.
Tericsoft is a funded company, having raised a total of $105.25K across 4 funding rounds to date.
As of Mar 27, 2024, the latest employee count at Tericsoft is 40.
Annual revenue of Tericsoft is $425.46K as on Mar 31, 2022.
Tericsoft was established in 2018 in Hyderabad, India, as a technology agency. Operations center on digital transformation within the tech sector, with services encompassing product development and design, including web design, mobile application and software development, and UIUX solutions. Additional offerings cover infrastructure architecture, AI integration, and business consulting to support client needs.
Tericsoft's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Tericsoft offers Product Development Services, Technology Partner, Offshore Development Team, AI Services, and Product Design Services.
Tericsoft has 7 investors. Key investors include Shyam Vala, Shashidhar Kedareswara, Ghanashyam D R, Iqra Mehmood Mithani, and Adil Mohammed.
The valuation of Tericsoft is $3.4M as of Mar 2022.