About Veritra
Veritra is a Consumer company based in Schaumburg (United States) founded in 2005. Assists entrepreneurs in prototyping, funding, and scaling tech startups. It operates on a B2B model in Consumer and Financial Services sectors. Its Indian entity Veritra It Solutions Private Limited reported revenue of ₹9.16 Cr. Veritra offers products and services including Prototype Services, Startup Funding, Development Services, and Recovery Services. Its focus areas include Food and Agriculture Tech, Online Grocery, E-commerce and Platform Development. Its competitors include 1&1 IONOS, Genpact and Epam; 1 of its 3 listed competitors has raised funding.
Company details
Veritra helps entrepreneurs transform startup ideas into viable products by providing seed funding, development resources, and expert advice. Operating from offices in Inverness, USA, and Hyderabad, India, they guide through stages like prototyping, startup development, and recovery. They partner with clients in areas such as grocery technology and human resource management to achieve scalable solutions.
- Headquarters Schaumburg, United States
- SectorsConsumerFinancial Services
- Website veritra.com
- Social LinkedIn X Facebook
- Legal Name Veritra It Solutions Private Limited
- Date of Incorporation 09 Jun, 2011
- Jurisdiction Hyderabad, Telangana, India
- Indian entity revenue₹9.16 Cr
FY 2025 · +50% YoY
- Indian entity net profit₹36.9 Lakh
FY 2025 · 4% margin
- Indian entity EBITDA₹1.46 Cr
FY 2025 · 16% margin
Associated legal entities of Veritra
Veritra is associated with 3 registered companies on The Company Check; the primary company is Veritra It Solutions 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 |
|---|---|---|---|---|---|---|---|
| Veritra It Solutions Private Limited CIN U62013TG2011PTC074912 | Active | 09 Jun 2011 | Hyderabad, Telangana | ₹9.2 Cr | 21 | 3 | View details |
| Veritra It Solutions Private Limited CIN U72300TG2011PTC074912 | 09 Jun 2011 | Hyderabad, Telangana, India | View details | ||||
| Bg Hot Breads Llp CIN ABC-5073 | Active | 22 Sep 2022 | Hyderabad, Telangana | 2 | View details |
Products & Services of Veritra
Veritra offers a comprehensive portfolio of products and services, including Prototype Services, Startup Funding, Development Services, and Recovery Services.
Assists in turning startup ideas into initial prototypes
Provides seed money and resources for early-stage startups
Offers guidance for building and scaling software products
Helps correct and realign off-track startup projects
Board of directors of Veritra It Solutions Private Limited (Veritra)
Veritra It Solutions Private Limited is the primary company behind Veritra. The boards of the 2 registered companies of Veritra currently have 3 directors; the longest-serving is Radha Krishna Veni Achanta, appointed in 2011. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Radha Krishna Veni Achanta DIN 01366268 | Director | 09 Jun 2011 | 15 yrs 5 mo | Veritra It Solutions Private Limited |
| Gopinath Achanta DIN 01366407 | Designated Partner | 22 Sep 2022 | 4 yrs 1 mo | Bg Hot Breads Llp, Veritra It Solutions Private Limited |
| Balaji Reddymasu DIN 07157873 | Designated Partner | 22 Sep 2022 | 4 yrs 1 mo | Bg Hot Breads Llp, Veritra It Solutions Private Limited |
Financials of Veritra
Figures of Veritra It Solutions Private Limited, the primary company behind Veritra, for FY 2025. Revenue was ₹9.16 Cr (+50% year on year). Net profit was ₹36.9 Lakh (4% margin). EBITDA was ₹1.46 Cr (16% margin). Revenue has grown at a compounded annual rate of +2% over three years and +32% over five years.
- ₹9.16 CrRevenue · FY 2025 · +50% YoY
- ₹36.9 LakhNet profit · 4% margin
- ₹1.46 CrEBITDA · 16% margin
- ₹32.6 LakhPaid-up capital
- 21Employees (provident fund records)
- +2%Revenue CAGR, 3 years
- +32%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Veritra It Solutions Private Limited are on its company page.
Detailed financial statements for Veritra
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.
Competitors of Veritra
Veritra has 3 listed competitors in our database, 1 of them funded. They include 1&1 IONOS, Genpact and Epam.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ionos.com | 1988 | Chesterbrook, United States | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | ||
| genpact.com | 1997 | New York, United States | 129,140 | Provider of end-to-end business process outsourcing services | ||
| epam.com | 1993 | Newtown Square, United States | $50M | Provider of software development, data analytics, and other IT suite services |
Detailed competitors of Veritra
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as Veritra (Food & Beverage Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 900 M | USD 6.15 B | 8,021 |
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Frequently Asked Questions about Veritra
Veritra was founded in 2005.
Veritra is headquartered in Schaumburg, United States. It is registered at Schaumburg, Illinois, United States.
The primary company behind Veritra, Veritra It Solutions Private Limited, reported revenue of ₹9.16 Cr for FY 2025, up 50% year on year.
Veritra helps entrepreneurs transform startup ideas into viable products by providing seed funding, development resources, and expert advice. Operating from offices in Inverness, USA, and Hyderabad, India, they guide through stages like prototyping, startup development, and recovery. They partner with clients in areas such as grocery technology and human resource management to achieve scalable solutions.
Veritra offers Prototype Services, Startup Funding, Development Services, and Recovery Services.
Veritra is associated with 2 legal entities: Veritra It Solutions Private Limited, Bg Hot Breads Llp.
The legal entities of Veritra currently have 3 directors, including Gopinath Achanta, Balaji Reddymasu, Radha Krishna Veni Achanta.