Veta
About Veta
Veta is a company based in Chennai (India) founded in 1981 was acquired by T.I.M.E. (Triumphant Institute of Management Education) in September 2011.. Veta has raised $10 million across 1 funding round from investors including T.I.M.E. (Triumphant Institute of Management Education) and Elevation Capital. The company has 1 employees as of April 09, 2024.
- Headquarter Chennai, India
- Employees 1 as on 09 Apr, 2024
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Sectors
Education
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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 Amoha Education Private Limited
- Date of Incorporation 19 Oct, 1988
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$548.08 K (USD)-22.99as on Mar 31, 2020
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Net Profit
$7.73 K (USD)103.12as on Mar 31, 2020
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EBITDA
$-35.78 K (USD)85.19as on Mar 31, 2020
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
Sep 17, 2007
- Investors
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Employee Count
1
as on Apr 09, 2024
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Acquired by
T.I.M.E. (Triumphant Institute of Management Education)
(Sep 01, 2011)
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Funding Insights of Veta
Veta has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in September 2007. 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 Series A — $10.0M
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First Round
First Round
(17 Sep 2007)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2007 | Amount | Series A - Veta | Valuation | Elevation Capital |
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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 Veta
Veta has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include T.I.M.E. (Triumphant Institute of Management Education) and Elevation Capital. 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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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Entrance exam preparation is provided for graduate and postgraduate levels.
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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 Veta
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Veta
| 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 |
Veta Comparisons
Competitors of Veta
| 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 Veta
When was Veta founded?
Veta was founded in 1981 and raised its 1st funding round 26 years after it was founded.
Where is Veta located?
Veta is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Veta?
Ganesh Ram is the current CEO of Veta.
Is Veta a funded company?
Veta is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on Sep 17, 2007.
How many employees does Veta have?
As of Apr 09, 2024, the latest employee count at Veta is 1.
What is the annual revenue of Veta?
Annual revenue of Veta is $548.08K as on Mar 31, 2020.
What does Veta do?
Veta was founded in 1981 in Chennai, India, as an offline academy focused on English language instruction. Training services are extended to schools, corporates, and individual students through various institutes nationwide. Corporate packages are delivered at client headquarters, while a school-plus program targets children in classes 1 to 5. Courses emphasize phonetics and speaking fluency over 40 hours, including assessments and certificates upon completion.
Who are Veta's investors?
Veta has 2 investors. Key investors include T.I.M.E. (Triumphant Institute of Management Education), and Elevation Capital.