About UDMA Technologies
UDMA Technologies is a company based in Manipal (India) founded in 2016 by Prashanth B and Shankar Naik. UDMA Technologies has raised $1.73 million across 10 funding rounds from investors including Startup Karnataka, Incisive Ventures and Mainstage Hub. The company has 26 employees as of April 08, 2024. UDMA Technologies operates in a competitive market with competitors including PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
- Headquarter Manipal, India
- Employees 26 as on 08 Apr, 2024
- Founders Prashanth B, Shankar Naik
- Stage Minicorn
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Udma Technologies Private Limited
- Date of Incorporation 09 Jun, 2016
- Jurisdiction Udupi, Karnataka, India
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Annual Revenue
$39.5 K (USD)132.19as on Mar 31, 2021
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Net Profit
-$214.07 K (USD)-122.91as on Mar 31, 2021
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EBITDA
-$188.01 K (USD)-89.77as on Mar 31, 2021
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Total Equity Funding
$1.73 M (USD)
in 10 rounds
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Latest Funding Round
$412.73 K (USD), Series B
Oct 26, 2021
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Investors
Startup Karnataka
& 11 more
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Employee Count
26
as on Apr 08, 2024
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Funding Insights of UDMA Technologies
UDMA Technologies has successfully raised a total of $1.73M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $412.73 thousand completed in October 2021. 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 UDMA Technologies
UDMA Technologies has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Startup Karnataka, Incisive Ventures and Mainstage Hub.
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Startups across sectors are incubated by Mainstage Hub.
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Influencer marketing, branding, and communication services are provided.
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Investor details for UDMA Technologies
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Investments & Acquisitions by UDMA Technologies
Investment portfolio details for UDMA Technologies
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Financial Statements - UDMA Technologies
Detailed financials for UDMA Technologies
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Udma Technologies Comparisons
Peer comparison for UDMA Technologies
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Competitors of UDMA Technologies
UDMA Technologies 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 PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
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Payment, financial, investment, and lending services are provided digitally.
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Operator of platform for online mobile, DTH recharge, and bill payments
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Digital payments, financial services, and e-commerce platforms are provided.
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Digital wallet services for bill payments and recharges are facilitated.
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Cross-border payments are enabled via wallet solutions for consumers.
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Wallet-based payment solutions are provided for consumers and businesses.
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Detailed competitors of UDMA Technologies
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Latest news on Udma Technologies
Complete news archive for UDMA Technologies
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Frequently Asked Questions about UDMA Technologies
UDMA Technologies was founded in 2016 and raised its 1st funding round 1 year after it was founded.
UDMA Technologies is headquartered in Manipal, India. It is registered at Manipal, Karnataka, India.
Prashanth B is the current CEO of UDMA Technologies. They have also founded this company.
UDMA Technologies is a funded company, having raised a total of $1.73M across 10 funding rounds to date.
As of Apr 08, 2024, the latest employee count at UDMA Technologies is 26.
Annual revenue of UDMA Technologies is $39.5K as on Mar 31, 2021.
UDMA Technologies was founded in 2016 in Manipal, India, within the fintech sector. A mobile wallet solution is offered for consumer payments, with operations focused on simplifying digital transactions. Accessibility is targeted for average Indian users through this service, which supports everyday financial activities in the region. Key leadership includes Prashanth B as Founder and CEO, and Shankar Naik as Co-Founder and Director.
UDMA Technologies has 12 investors. Key investors include Startup Karnataka, Incisive Ventures, Mainstage Hub, Mainstage Incubator, and Expert DOJO.
The valuation of UDMA Technologies is $17.77M as of Oct 2021.