About Tessact
Tessact is a Technology company based in Mumbai (India) founded in 2016 by Manas Mati and Apurv Gandhwani. AI-powered video editing and workflow automation solutions are provided. The company has 1 employees. Its Indian entity Tessact Private Limited reported revenue of ₹18.6 Lakh. Tessact offers products and services including Tessact AI, Content Library, Smart Search, and Remix Tool. Its focus areas include Enterprise Applications, Video Creation Tools, Video Editors and Enterprise Video Editors.
Company details
Provider of AI-powered video editing and workflow automation solutions. This company offers a platform that automates video edits and workflow tasks at scale, leveraging a proprietary large video context model to understand video content and narrative. The platform facilitates content creation, collaboration, and delivery, including features for reframing content for various platforms and generating rich metadata. It also provides a content library with smart search capabilities and custom AI metadata options. The solution is designed to increase video productivity for creative teams across various industries.
- Headquarters Mumbai, India
- Employees 1
- Founders Manas Mati, Apurv Gandhwani
- SectorsTechnology
- Website tessact.ai
- Social LinkedIn X Facebook
- Legal Name Tessact Private Limited
- Date of Incorporation 13 Jul, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹18.6 Lakh
FY 2024 · -83% YoY
- Net Loss-₹4.40 Cr
FY 2024 · -2372% margin
- EBITDA-₹4.39 Cr
FY 2024 · -2366% margin
- Employee Count1
Associated legal entities of Tessact
Tessact operates through Tessact 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 |
|---|---|---|---|---|---|---|---|
| Tessact Private Limited CIN U74999MH2016PTC283592 | Active | 13 Jul 2016 | Mumbai, Maharashtra | ₹0.2 Cr | 3 | View details |
Products & Services of Tessact
Tessact offers a comprehensive portfolio of products and services, including Tessact AI, Content Library, Smart Search, and Remix Tool.
AI tool for automating video edits and generating content remixes.
System for storing and auto-enriching video and media assets.
Feature to locate key video moments based on contextual understanding.
Utility for creating platform-specific video remixes quickly.
Funding Insights of Tessact
- Total Rounds 1
All 1 funding rounds of Tessact 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 |
|---|---|---|---|---|---|
| Jun 2018 | Seed | – | – | – |
Board of directors of Tessact Private Limited (Tessact)
Tessact Private Limited is the primary company behind Tessact. The board of Tessact Private Limited currently have 3 directors; the longest-serving is Apurv Gandhwani, appointed in 2017. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Apurv Gandhwani DIN 07661851 | Director | 10 Feb 2017 | 9 yrs 8 mo | Tessact Private Limited |
| Manas Ranjan Mati DIN 06483830 | Director | 19 May 2023 | 3 yrs 5 mo | Tessact Private Limited |
| Ravi Balasaheb Thakur DIN 02023994 | Nominee Director | 01 Aug 2023 | 3 yrs 3 mo | Tessact Private Limited |
People of Tessact
2 people are tracked at Tessact (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Tessact
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Tessact
Figures of Tessact Private Limited, the primary company behind Tessact, for FY 2024. Revenue was ₹18.6 Lakh (-83% year on year). Net loss was -₹4.40 Cr (-2372% margin). EBITDA was -₹4.39 Cr (-2366% margin). Revenue has grown at a compounded annual rate of -44% over three years and -12% over five years.
- ₹18.6 LakhRevenue · FY 2024 · -83% YoY
- -₹4.40 CrNet loss · -2372% margin
- -₹4.39 CrEBITDA · -2366% margin
- ₹1.3 LakhPaid-up capital
- -44%Revenue CAGR, 3 years
- -12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Tessact Private Limited are on its company page.
Detailed financial statements for Tessact
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 Tessact
2 dated milestones of Tessact across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Tessact is founded.
- Funding First funding round.
Web traffic of Tessact
The website of Tessact (tessact.ai) receives about 1.7K visits a month.
- Monthly visits1.7K
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Frequently Asked Questions about Tessact
Tessact was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Tessact is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Tessact has 1 employees.
The primary company behind Tessact, Tessact Private Limited, reported revenue of ₹18.6 Lakh for FY 2024, down 83% year on year.
Provider of AI-powered video editing and workflow automation solutions. This company offers a platform that automates video edits and workflow tasks at scale, leveraging a proprietary large video context model to understand video content and narrative. The platform facilitates content creation, collaboration, and delivery, including features for reframing content for various platforms and generating rich metadata. It also provides a content library with smart search capabilities and custom AI metadata options. The solution is designed to increase video productivity for creative teams across various industries.
Tessact offers Tessact AI, Content Library, Smart Search, and Remix Tool.
Tessact operates through Tessact Private Limited.
The legal entities of Tessact currently have 3 directors, including Ravi Balasaheb Thakur, Apurv Gandhwani, Manas Ranjan Mati.