About Verinite
Verinite is a company based in Pune (India) founded in 2011 by Ashish Katkar.. Verinite has raised $29.9 thousand across 1 funding round from investors including Salil Gokhale. The company has 223 employees as of April 09, 2024. Verinite offers products and services including Consulting Services, Independent Testing, Digitalization Services, and Intelligent Automation. Verinite operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Mintoak, among others.
- Headquarter Pune, India
- Employees 223 as on 09 Apr, 2024
- Founders Ashish Katkar
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Sectors
Financial 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 Verinite Technologies Private Limited
- Date of Incorporation 01 Jun, 2011
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$3.02 M (USD)25.04as on Mar 31, 2023
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Net Profit
$56.96 K (USD)-71.78as on Mar 31, 2023
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EBITDA
$185.27 K (USD)-54.18as on Mar 31, 2023
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Total Equity Funding
$29.9 K (USD)
in 1 rounds
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Latest Funding Round
$29.9 K (USD), Angel Round
Aug 29, 2013
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Investors
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Employee Count
223
as on Apr 09, 2024
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Products & Services of Verinite
Verinite offers a comprehensive portfolio of products and services, including Consulting Services, Independent Testing, Digitalization Services, and Intelligent Automation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables businesses to reimagine future through strategic advice.
Delivers quality assurance for financial applications and systems.
Empowers organizations with digital advancement tools.
Unlocks value through process automation in finance.
Unlock access to complete
Funding Insights of Verinite
Verinite has successfully raised a total of $29.9K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $29.9 thousand completed in August 2013. 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 Total Funding
- Total Rounds 1
- Last Round Angel Round — $29,900
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First Round
First Round
(29 Aug 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2013 | Amount | Angel Round - Verinite | Valuation | Salil Gokhale |
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| 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 Verinite
Verinite has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Salil Gokhale. 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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SG
Salil Gokhale |
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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 Verinite
| 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 - Verinite
| 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 |
Verinite Comparisons
Competitors of Verinite
Verinite 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 Stripe, Razorpay, Flutterwave, PayU and Mintoak, 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 |
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| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Digital payments and engagement solutions are offered for MSMEs.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Verinite
Frequently Asked Questions about Verinite
When was Verinite founded?
Verinite was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Verinite located?
Verinite is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Verinite?
Ashish Katkar is the current CEO of Verinite. They have also founded this company.
Is Verinite a funded company?
Verinite is a funded company, having raised a total of $29.9K across 1 funding round to date. The company's 1st funding round was a Angel Round of $29.9K, raised on Aug 29, 2013.
How many employees does Verinite have?
As of Apr 09, 2024, the latest employee count at Verinite is 223.
What is the annual revenue of Verinite?
Annual revenue of Verinite is $3.02M as on Mar 31, 2023.
What does Verinite do?
Verinite was established in 2011 in Pune, India, as a provider of digital solutions in the payments and lending sectors. IT services are delivered to finance businesses, with emphasis on cards, payments, and lending operations. Strategic advisory is extended for card management, loyalty programs, risk and fraud detection, portfolio analysis, and product implementation. Operations center around supporting financial institutions through these specialized areas.
Who are the top competitors of Verinite?
What products or services does Verinite offer?
Verinite offers Consulting Services, Independent Testing, Digitalization Services, and Intelligent Automation.
Who are Verinite's investors?
Verinite has 1 investor. Key investors include Salil Gokhale.
What is Verinite's valuation?
The valuation of Verinite is $245.15K as of Aug 2013.