About Verifacts
Verifacts is a company based in Bengaluru (India) founded in 2003 was acquired by Modern India in February 2014.. The company has 297 employees as of April 05, 2024. Verifacts operates in a competitive market with competitors including TalentBridge, ATA, Eduquity, Thomas and Candorful, among others.
- Headquarter Bengaluru, India
- Employees 297 as on 05 Apr, 2024
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Sectors
Business Services
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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 Verifacts Services Private Limited
- Date of Incorporation 22 Mar, 2005
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$3 M (USD)15.93as on Mar 31, 2023
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Net Profit
$100.26 K (USD)-32.35as on Mar 31, 2023
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EBITDA
$343.92 K (USD)14.43as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
297
as on Apr 05, 2024
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Acquired by
Modern India
(Feb 04, 2014)
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Funding Insights of Verifacts
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Verifacts
Verifacts has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Modern India. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of real estate development, renewable energy, global sourcing, and HR services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Verifacts
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Verifacts
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Verifacts Comparisons
Competitors of Verifacts
Verifacts 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 TalentBridge, ATA, Eduquity, Thomas and Candorful, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tailored recruitment solutions are delivered across diverse industries.
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| domain | founded_year | HQ Location |
Computerized testing and talent assessment services are provided by ATA.
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| domain | founded_year | HQ Location |
Human resource assessment and examination management solutions for enterprises
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| domain | founded_year | HQ Location |
Candidate assessment services are provided for recruitment purposes.
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| domain | founded_year | HQ Location |
Interview coaching and career consulting services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Verifacts
When was Verifacts founded?
Verifacts was founded in 2003.
Where is Verifacts located?
Verifacts is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Verifacts?
Rajiv Sharma is the current CEO of Verifacts.
How many employees does Verifacts have?
As of Apr 05, 2024, the latest employee count at Verifacts is 297.
What is the annual revenue of Verifacts?
Annual revenue of Verifacts is $3M as on Mar 31, 2023.
What does Verifacts do?
Verifacts was established in 2003 in Bengaluru, India, as a provider of background verification services. Customized checks are conducted across industries, from basic verifications to those tailored for specific sectors. Employee, partner, and client data are authenticated through thorough processes. Operations focus on delivering accurate and timely information to support risk mitigation and decision-making in personnel and business relationships.
Who are the top competitors of Verifacts?
Verifacts's top competitors include Thomas, ATA and TalentBridge.
Who are Verifacts's investors?
Verifacts has 1 investor. Key investors include Modern India.
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