About TrakItNow
TrakItNow is a Technology company based in Columbia (United States) founded in 2016. Provider of IoT based vehicle tracking solution. It operates in the Technology and Transportation, Automotive & Logistics sectors. TrakItNow has raised $1.23 million across 2 funding rounds. Its chief executive, as recorded, is Satish Cherukumalli. Its Indian entity Trakitnow Technologies Private Limited reported revenue of ₹60.2 Lakh. TrakItNow offers products and services including Moskeet. Its focus areas include High Tech, IoT Applications, Industry Specific and Supply Chain. Its competitors include Spireon, EquipmentShare and SkyBitz; 3 of its 3 listed competitors have raised funding.
Company details
TrakItNow provides an IoT-based vehicle tracking solution for transportation companies, automotive manufacturers and owners. Offers a GPS enabled device known as VTS through which real-time location and vehicle diagnostic information are in mobile and web applications. Supports CAN protocol and is compatible with IP67 standard.
- Headquarters Columbia, United States
- SectorsTechnologyTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website trakitnow.com
- Social LinkedIn X Facebook YouTube
- Legal Name Trakitnow Technologies Private Limited
- Date of Incorporation 05 Feb, 2016
- Indian entity revenue₹60.2 Lakh
FY 2024 · -26% YoY
- Indian entity net loss-₹23.3 Lakh
FY 2024 · -39% margin
- Indian entity EBITDA-₹22.6 Lakh
FY 2024 · -38% margin
- Total Equity Funding$1.23M (USD)
in 2 rounds
- Latest Funding Round$225K (USD), Seed
Feb 2019
Associated legal entities of TrakItNow
TrakItNow operates through Trakitnow Technologies 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 |
|---|---|---|---|---|---|---|---|
| Trakitnow Technologies Private Limited CIN U72200TG2016PTC103133 | Active | 05 Feb 2016 | Hyderabad, Telangana | ₹0.6 Cr | 6 | 2 | View details |
Products & Services of TrakItNow
TrakItNow offers a comprehensive portfolio of products and services, including Moskeet.
Smart trap for detecting mosquito species and real-time data collection.
Apps and channels of TrakItNow
its YouTube channel TrakItNow has 16 subscribers and 6 videos.
Videos from TrakItNow
The most watched videos on TrakItNow's YouTube channel, TrakItNow (16 subscribers). Click a video to play it here.
More on TrakItNow.
Funding Insights of TrakItNow
TrakItNow has successfully raised a total of $1.23M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $225 thousand 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 $1.23M
- Total Rounds 2
- Last Round Seed — $225,000
- First Round $1M
(May 2017)
All 2 funding rounds of TrakItNow 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 |
|---|---|---|---|---|---|
| Feb 2019 | $225,000 | Seed | – | – | – |
| May 2017 | $1M | Seed | – | – | – |
Board of directors of Trakitnow Technologies Private Limited (TrakItNow)
Trakitnow Technologies Private Limited is the primary company behind TrakItNow. The board of Trakitnow Technologies Private Limited currently have 2 directors; the longest-serving is Satish Krishna Cherukumalli, appointed in 2016. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Satish Krishna Cherukumalli DIN 03544904 | Director | 05 Feb 2016 | 10 yrs 8 mo | Trakitnow Technologies Private Limited |
| Venkatesh Nounla DIN 09160099 | Director | 28 Apr 2021 | 5 yrs 5 mo | Trakitnow Technologies Private Limited |
People of TrakItNow
2 people are tracked at TrakItNow (2 in leadership).
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Avinash Arora | Executive Director & Global CIO | Leadership |
Complete people profiles for TrakItNow
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 TrakItNow
Figures of Trakitnow Technologies Private Limited, the primary company behind TrakItNow, for FY 2024. Revenue was ₹60.2 Lakh (-26% year on year). Net loss was -₹23.3 Lakh (-39% margin). EBITDA was -₹22.6 Lakh (-38% margin). Revenue has grown at a compounded annual rate of -11% over three years and -37% over five years.
- ₹60.2 LakhRevenue · FY 2024 · -26% YoY
- -₹23.3 LakhNet loss · -39% margin
- -₹22.6 LakhEBITDA · -38% margin
- ₹1 LakhPaid-up capital
- 6Employees (provident fund records)
- -11%Revenue CAGR, 3 years
- -37%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Trakitnow Technologies Private Limited are on its company page.
Detailed financial statements for TrakItNow
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 TrakItNow
3 dated milestones of TrakItNow across 3 years, from founding to its latest funding, stage changes and deals.
- Founded TrakItNow is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Seed, of $225K.
Competitors of TrakItNow
TrakItNow has 3 listed competitors in our database, 3 of them funded. They include Spireon, EquipmentShare and SkyBitz.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| spireon.com | 2003 | Knoxville, United States | $7.71M | 364 | SaaS-enabled solutions for fleet and field service management are offered. | |
| equipmentshare.com | 2014 | Columbia, United States | $806.48M | 2,377 | Equipment rental marketplace and digital tools for construction are offered. | |
| skybitz.com | 1995 | Sterling, United States | $48M | Remote asset tracking and management solutions are provided globally. |
Detailed competitors of TrakItNow
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Industrial IoT & Smart Manufacturing
3 companies that operate in the same segment as TrakItNow (Industrial IoT & Smart Manufacturing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 |
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Frequently Asked Questions about TrakItNow
TrakItNow was founded in 2016 and raised its 1st funding round 1 year after it was founded.
TrakItNow is headquartered in Columbia, United States.
Satish Cherukumalli is the CEO of TrakItNow, as recorded in our data.
TrakItNow is a funded company, having raised a total of $1.23M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on May 2017.
The primary company behind TrakItNow, Trakitnow Technologies Private Limited, reported revenue of ₹60.2 Lakh for FY 2024, down 26% year on year.
TrakItNow provides an IoT-based vehicle tracking solution for transportation companies, automotive manufacturers and owners. Offers a GPS enabled device known as VTS through which real-time location and vehicle diagnostic information are in mobile and web applications. Supports CAN protocol and is compatible with IP67 standard.
TrakItNow's top competitors include EquipmentShare, Spireon and SkyBitz.
TrakItNow offers Moskeet.
TrakItNow operates through Trakitnow Technologies Private Limited.
The legal entities of TrakItNow currently have 2 directors, including Satish Krishna Cherukumalli, Venkatesh Nounla.