About Verchaska
Verchaska is a Travel & Hospitality company based in Navi Mumbai (India) founded in 2000 by Aniket Upganlawar. SaaS software for travel industry transaction management is provided. Verchaska has raised $20.64 million across 7 funding rounds from investors including Times Internet, Peak XV Partners and Alteria Capital. The company has 1 employees. Verchaska was last valued at $55.69 million in April 2020. Its chief executive, as recorded, is Rajiv Menon. Its Indian entity Varank Tech Private Limited reported revenue of ₹12.85 Cr. Verchaska offers products and services including VE.Enterprise and VE.Mobile. Its focus areas include Consumer, Online Travel, Technology Enablers and Suite.
Company details
Verchaska was founded in 2000 in Navi Mumbai, India. Business management software is delivered through a SaaS model for the travel sector. Complete transaction processing is handled for travel companies, with integrations to GDS, CRS, and payment gateways. Support is extended to B2C, B2B, and B2E models. Various sales channels are integrated, including corporate self-booking tools and expense management systems.
- Headquarters Navi Mumbai, India
- Employees 1
- Founders Aniket Upganlawar
- Stage Minicorn
- SectorsTravel & Hospitality
- Email••••••••
- Website vesimplify.com
- Social LinkedIn
- Legal Name Varank Tech Private Limited
- Date of Incorporation 18 Feb, 2020
- Jurisdiction Navi Mumbai, Maharashtra, India
- Annual Revenue₹12.85 Cr
FY 2025 · +27% YoY
- Net Profit₹1.82 Cr
FY 2025 · 14% margin
- EBITDA₹2.95 Cr
FY 2025 · 23% margin
- Total Equity Funding$20.64M (USD)
in 7 rounds
- Latest Funding Round$78.12K (USD), Series B
Apr 2020
- InvestorsTimes Internet
& 9 more
- Employee Count1
Associated legal entities of Verchaska
Verchaska is associated with 2 registered companies on The Company Check; the primary company is Varank Tech Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Varank Tech Private Limited CIN U72900MH2020PTC337913 | Active | 18 Feb 2020 | Navi Mumbai, Maharashtra | ₹12.9 Cr | 1 | 4 | View details |
| Va Tech Ventures Private Limited CIN U72200KA2012PTC086479 | Active | 04 Jul 2012 | Bangalore, Karnataka | ₹41.2 Cr | 276 | 2 | View details |
Products & Services of Verchaska
Verchaska offers a comprehensive portfolio of products and services, including VE.Enterprise and VE.Mobile.
Manages transaction processing and integrations for travel companies.
Enables 24/7 booking of flights and hotels for travel agencies.
Funding Insights of Verchaska
Verchaska has successfully raised a total of $20.64M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $78.12 thousand completed in April 2020. 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 $20.64M
- Total Rounds 7
- Last Round Series B — $78,116
- First Round $18,601
(Apr 2013)
- Investors Count 10
All 7 funding rounds of Verchaska 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 |
|---|---|---|---|---|---|
| Apr 2020 | $78,116 | Series B | $55.69M | Alteria Capital | – |
| May 2019 | $2.98M | Series B | $152.19M | Greyhound Capital Management | – |
| Nov 2017 | $10.25M | Series B | $••••• | Peak XV Partners | |
| May 2015 | $7.34M | Series A | $••••• | Peak XV Partners | |
| Oct 2014 | $162,572 | Unspecified | $••••• | – | |
| Jan 2014 | $161,743 | Unspecified | $••••• | Prime Venture Partners | – |
| Apr 2013 | $18,601 | Unspecified | $••••• | Times Internet | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2020 | $55.69M | •••••••• |
| May 2019 | $152.19M | •••••••• |
| Nov 2017 | $••••• | •••••••• |
| May 2015 | $••••• | •••••••• |
| Oct 2014 | $••••• | •••••••• |
| Jan 2014 | $••••• | •••••••• |
Full valuation and stage history of Verchaska
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $55.69M (Apr 2020). 10 investors in total: 8 institutional and 2 angel.
Investors in Verchaska
Verchaska has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Times Internet, Peak XV Partners and Alteria Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Venture capital fund focused on making growth equity investments across tech startups | greyhoundcapital.com | London, United Kingdom | ||
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
AME Cloud Ventures is focused on investing in data-driven technology companies. | amecloudventures.com | Palo Alto, United States | ||
Venture capital fund focused on tech startups | primevp.in | Bengaluru, India | ||
Comprehensive investment banking services are provided to clients. | axiomcapital.com | New York, United States | ||
Provider of digital content, advertising solutions, and technology services | 1999 | timesinternet.in | Gurugram, India | |
BG Brad Garlinghouse | unknown_75fe63179e374e2bb | |||
BN Ben Nelson | Angel investor focusing on Indian startups, limited public data available. | unknown_28e05689cbc144319 |
Investor details for Verchaska
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Varank Tech Private Limited (Verchaska)
Varank Tech Private Limited is the primary company behind Verchaska. The boards of the 2 registered companies of Verchaska currently have 6 directors; the longest-serving is Naresh Tulsidas Chandak, appointed in 2020. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Naresh Tulsidas Chandak DIN 00791923 | Director | 18 Feb 2020 | 6 yrs 8 mo | Varank Tech Private Limited |
| Rajiv Menon DIN 00791988 | Director | 18 Feb 2020 | 6 yrs 8 mo | Varank Tech Private Limited |
| Karthikeyan Suriyanarayanan DIN 08494602 | Director | 18 Feb 2020 | 6 yrs 8 mo | Varank Tech Private Limited |
| Aniket Vasant Upganlawar DIN 00784541 | Director | 18 Feb 2020 | 6 yrs 8 mo | Varank Tech Private Limited |
| Kunal Naresh Shah DIN 01653176 | Director | 03 May 2022 | 4 yrs 6 mo | Va Tech Ventures Private Limited |
| Rohan Shah Naresh DIN 07878167 | Director | 03 May 2022 | 4 yrs 6 mo | Va Tech Ventures Private Limited |
People of Verchaska
2 people are tracked at Verchaska (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| CEO | Leadership |
Complete people profiles for Verchaska
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 Verchaska
Figures of Varank Tech Private Limited, the primary company behind Verchaska, for FY 2025. Revenue was ₹12.85 Cr (+27% year on year). Net profit was ₹1.82 Cr (14% margin). EBITDA was ₹2.95 Cr (23% margin). Revenue has grown at a compounded annual rate of +19% over three years.
- ₹12.85 CrRevenue · FY 2025 · +27% YoY
- ₹1.82 CrNet profit · 14% margin
- ₹2.95 CrEBITDA · 23% margin
- ₹1.3 LakhPaid-up capital
- 1Employees (provident fund records)
- +19%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Varank Tech Private Limited are on its company page.
Detailed financial statements for Verchaska
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 Verchaska
4 dated milestones of Verchaska across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Verchaska is founded.
- Funding First funding round of $19K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $78K.
Web traffic of Verchaska
Websites that share an audience with Verchaska (vesimplify.com).
Websites whose visitors overlap most with Verchaska. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| travlinq.net | 100% | 680.7K | #12,608,960 | View details |
Top companies in Online Travel
3 companies that operate in the same segment as Verchaska (Online Travel) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online bookings for flights, hotels, and travel packages are facilitated. | 2000 | Gurugram, Haryana, India | USD 39 M | USD 1.04 B | 399 | |
Online platform providing multiple travel booking services | 2007 | Gurugram, Haryana, India | USD 96.62 M | USD 130.88 M | 465 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 425 |
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Frequently Asked Questions about Verchaska
Verchaska was founded in 2000 and raised its 1st funding round 13 years after it was founded.
Verchaska is headquartered in Navi Mumbai, India. It is registered at Navi Mumbai, Maharashtra, India.
Rajiv Menon is the CEO of Verchaska, as recorded in our data.
Verchaska is a funded company, having raised a total of $20.64M across 7 funding rounds to date. The company's 1st funding round was a Unspecified of $18.6K, raised on Apr 2013.
Verchaska has 1 employees.
The primary company behind Verchaska, Varank Tech Private Limited, reported revenue of ₹12.85 Cr for FY 2025, up 27% year on year.
Verchaska was founded in 2000 in Navi Mumbai, India. Business management software is delivered through a SaaS model for the travel sector. Complete transaction processing is handled for travel companies, with integrations to GDS, CRS, and payment gateways. Support is extended to B2C, B2B, and B2E models. Various sales channels are integrated, including corporate self-booking tools and expense management systems.
Verchaska offers VE.Enterprise and VE.Mobile.
Verchaska has 10 investors. Key investors include Times Internet, Peak XV Partners, Alteria Capital, Greyhound Capital Management, and AXIOM Capital.
The valuation of Verchaska is $55.69M as of Apr 2020.
Verchaska is associated with 2 legal entities: Varank Tech Private Limited, Va Tech Ventures Private Limited.
The legal entities of Verchaska currently have 6 directors, including Kunal Naresh Shah, Rohan Shah Naresh, Naresh Tulsidas Chandak and others.