About Veris
Veris is a company based in Gurugram (India) founded in 2016 by Anoop Poonia, Aastha Sharma, Vaibhav Jain, and Utkarsh Jain.. Veris has raised $203.93 thousand across 1 funding round from investors including Garima Sancheti, Aastha Sharma and Utkarsh Jain. Veris operates in a competitive market with competitors including Accruent, Envoy, Eden Workplace, Robin and HqO, among others.
- Headquarter Gurugram, India
- Founders Anoop Poonia, Aastha Sharma, Vaibhav Jain, Utkarsh Jain
- Stage Minicorn
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Sectors
Business ServicesTechnology
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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 Digicred Technologies Private Limited
- Date of Incorporation 08 Mar, 2016
- Jurisdiction Badshahpur, Haryana, India
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Annual Revenue
$761.91 K (USD)80.99as on Mar 31, 2023
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Net Profit
$49.59 K (USD)250.2as on Mar 31, 2023
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EBITDA
$139.63 K (USD)81.5as on Mar 31, 2023
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Total Equity Funding
$203.93 K (USD)
in 1 rounds
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Latest Funding Round
$203.93 K (USD), Angel Round
Sep 10, 2020
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Investors
& 2 more
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Employee Count
Employee Count
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Funding Insights of Veris
Veris has successfully raised a total of $203.93K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $203.93 thousand completed in September 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 Total Funding
- Total Rounds 1
- Last Round Angel Round — $203,930
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First Round
First Round
(10 Sep 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Angel Round - Veris | Valuation | Garima Sancheti |
| 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 Veris
Veris has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Garima Sancheti, Aastha Sharma and Utkarsh Jain. 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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GS
Garima Sancheti |
Angel investor and entrepreneur, focusing on early-stage Indian startups
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Founded Year | Domain | Location |
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AS
Aastha Sharma |
Angel investor and entrepreneur, focusing on early-stage Indian startups.
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Founded Year | Domain | Location |
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UJ
Utkarsh Jain |
Angel investor and entrepreneur, co-founder of Taru Naturals, focused on agritech
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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 Veris
| 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 - Veris
| 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 |
Veris Comparisons
Competitors of Veris
Veris 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 Accruent, Envoy, Eden Workplace, Robin and HqO, 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 |
SaaS-driven IWMS solutions are provided for construction and facilities management.
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| domain | founded_year | HQ Location |
Envoy is recognized for providing workplace management solutions.
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| domain | founded_year | HQ Location |
SaaS-based workplace management software for offices is delivered.
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| domain | founded_year | HQ Location |
Room bookings are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
SaaS-based management solutions are offered for commercial buildings.
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| domain | founded_year | HQ Location |
Facility, maintenance, and workplace management solutions are delivered.
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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 Veris
Frequently Asked Questions about Veris
When was Veris founded?
Veris was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Veris located?
Veris is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Veris?
Utkarsh Jain is the current CEO of Veris. They have also founded this company.
Is Veris a funded company?
Veris is a funded company, having raised a total of $203.93K across 1 funding round to date. The company's 1st funding round was a Angel Round of $203.93K, raised on Sep 10, 2020.
What is the annual revenue of Veris?
Annual revenue of Veris is $761.91K as on Mar 31, 2023.
What does Veris do?
Veris was founded in 2016 in Gurugram, India, as a provider of cloud-based visitor management solutions in the software sector. Pre-registration and check-in processes for employees and visitors are facilitated, along with tracking, meeting room scheduling, emergency notifications, parking access, and badge printing. Operations are supported through a mobile app compatible with Android and iOS devices, targeting front desk efficiency in various organizations.
Who are the top competitors of Veris?
Veris's top competitors include Envoy, Accruent and FM Systems.
Who are Veris's investors?
Veris has 3 investors. Key investors include Garima Sancheti, Aastha Sharma, and Utkarsh Jain.
What is Veris's valuation?
The valuation of Veris is $1.6M as of Sep 2020.