About Vortex India
Vortex India is a company based in Chennai (India) founded in 2001 by Kannan Lakshminarayan.. Vortex India has raised $24.03 million across 7 funding rounds from investors including Tata Capital, International Finance Corporation and Vakrangee. The company has 301 employees as of April 04, 2024. Vortex India offers products and services including Ecoteller ATMs and Perfo Software. Vortex India operates in a competitive market with competitors including ATMeye and Salzburger Banken Software, among others.
- Headquarter Chennai, India
- Employees 301 as on 04 Apr, 2024
- Founders Kannan Lakshminarayan
- Stage Minicorn
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Vortex Engineering Private Limited
- Date of Incorporation 12 Mar, 2001
- Jurisdiction Chennai, Tamil Nadu, India
-
Annual Revenue
$4.19 M (USD)-8.12as on Mar 31, 2022
-
Net Profit
$-110.61 K (USD)71.7as on Mar 31, 2022
-
EBITDA
$-115.67 K (USD)72.44as on Mar 31, 2022
-
Total Equity Funding
$24.03 M (USD)
in 7 rounds
-
Latest Funding Round
-
Investors
Tata Capital
& 17 more
-
Employee Count
301
as on Apr 04, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Vortex India
Vortex India offers a comprehensive portfolio of products and services, including Ecoteller ATMs and Perfo Software. 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.
Energy-efficient ATMs using Linux for low power and solar viability.
Platform for real-time ATM monitoring and incident management services.
Unlock access to complete
Unlock access to complete
Funding Insights of Vortex India
Vortex India has successfully raised a total of $24.03M across 7 strategic funding rounds. 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 7
- Last Round Last Round
-
First Round
First Round
(06 Jun 2007)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series D - Vortex India | Valuation | Vakrangee , Dinesh Nandwana |
|
| Feb, 2018 | Amount | Series D - Vortex India | Valuation |
investors |
|
| Feb, 2011 | Amount | Series A - Vortex India | Valuation | Aavishkaar Capital , Tata Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Vortex India
Vortex India has secured backing from 18 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Tata Capital, International Finance Corporation and Vakrangee. 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 |
|---|---|---|---|---|
|
Venture capital investments in technology, healthcare, and clean environment sectors since 1997.
|
Founded Year | Domain | Location | |
|
Venture capital firm
|
Founded Year | Domain | Location | |
|
Impact investing platform providing financing for emerging markets.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Vortex India
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Vortex India
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vortex India Comparisons
Competitors of Vortex India
Vortex India 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 ATMeye and Salzburger Banken Software, 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 |
Provides a platform for ATM security, fraud prevention, and video monitoring.
|
|
| domain | founded_year | HQ Location |
Develops custom software for banking self-service devices and managed services.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Vortex India
When was Vortex India founded?
Vortex India was founded in 2001 and raised its 1st funding round 6 years after it was founded.
Where is Vortex India located?
Vortex India is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Vortex India?
Sathyan Gopalan is the current CEO of Vortex India.
Is Vortex India a funded company?
Vortex India is a funded company, having raised a total of $24.03M across 7 funding rounds to date. The company's 1st funding round was a Series A of $14.68M, raised on Jun 06, 2007.
How many employees does Vortex India have?
As of Apr 04, 2024, the latest employee count at Vortex India is 301.
What is the annual revenue of Vortex India?
Annual revenue of Vortex India is $4.19M as on Mar 31, 2022.
What does Vortex India do?
Vortex Engineering was established in 2001 in Chennai, India, within the financial technology sector. ATMs and related self-service systems are produced for banks and financial institutions. Low-power and solar-powered ATM models are developed as key innovations. Monitoring and incident management services for multi-vendor ATMs are offered to support operations across regions.
Who are the top competitors of Vortex India?
Vortex India's top competitors include ATMeye and Salzburger Banken Software.
What products or services does Vortex India offer?
Vortex India offers Ecoteller ATMs and Perfo Software.
Who are Vortex India's investors?
Vortex India has 18 investors. Key investors include Tata Capital, International Finance Corporation, Vakrangee, Ventureast, and Oasis Capital.
What is Vortex India's valuation?
The valuation of Vortex India is $8.15M as of Feb 2011.