# Frappe Technologies Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/frappe-technologies-pvt

- Industry: Software
- Headquarters: Mumbai, India
- Website: www.erpnext.com
- Total disclosed funding: $1.4M
- Latest round: Seed (Dec 4, 2020)
- Investors on record: 1

## About

Frappe Technologies Pvt. Ltd. is a Mumbai-based company that develops ERPNext, an open-source ERP solution that enhances operational efficiency for businesses across various sectors worldwide.Founded in 2008, Frappe Technologies Pvt. Ltd. provides an open-source ERP solution called ERPNext that streamlines business processes. The company has not undergone any significant pivots in its strategy and does not have subsidiaries. The founders, Rushabh Mehta and Sayyed Umair, have experience in developing software solutions. The company secured INR 100.02 million in Seed funding from Rainmatter in December 2020, which contributes to a total capital of INR 100.02 million and a current valuation of INR 823.53 million.ERPNext, created by Frappe, is an open-source ERP system designed to optimize various business functions across multiple industries. It includes modules for Accounting, Sales, CRM, Manufacturing, HR & Payroll, and Quality Management, catering to organizations of all sizes. With over 30,000 users globally, ERPNext serves sectors including retail, healthcare, education, and non-profits, facilitating growth and productivity through its user-friendly interface and integration capabilities with Frappe applications.In the most recent fiscal year 2023, the company reported a revenue of INR 2,336,333 with an EBITDA of INR 159,808.8. ERPNext's revenue model is based on hosting fees and implementation services, allowing clients to engage with the platform through subscription-based hosting on Frappe Cloud, which is cost-effective and scalable as businesses grow.Frappe Technologies aims to leverage its recent Seed funding of INR 100.02 million, raised in December 2020, to enhance product development and expand its reach. Plans include launching new features within ERPNext to enhance user experience and targeting expansion into North American and European markets by 2024. The funding will support these initiatives, allowing for further enhancements and a broader market presence.

## Funding rounds

- Seed, Dec 4, 2020, $1.4M — Rainmatter

## Investors

- Rainmatter (https://capitalatlas.ai/funds/rainmatter) — Seed