# Kodo Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kodo-technologies-private

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.kodo.in
- Total disclosed funding: $8.7M
- Latest round: Seed (Mar 9, 2021)
- Investors on record: 4

## About

Kodo Technologies Private Limited is a financial technology company that specializes in automating procurement and payment processes for businesses, aiming to enhance operational efficiency and financial visibility through innovative solutions.Founded in 2019 in Mumbai, India, Kodo Technologies Private Limited focuses on streamlining the intake-to-pay processes for enterprises. The company has not undergone any significant changes in its operational strategy since inception. Its founders, Deepti Sanghi and Gaurav Thapa, bring expertise from their previous entrepreneurial ventures. Kodo has successfully raised a total of INR 635 million through a SEED funding round in March 2021, with participation from investors including Brex Inc., Goat Capital, Pioneer Fund, and Y Combinator, making it the target of significant investment.Kodo specializes in streamlining the intake-to-pay process and payment automation for businesses, offering a suite of integrated solutions designed to optimize procurement, expense management, and financial operations. Their core product suite includes a comprehensive Purchase Order management system, automated invoice processing, and payment solutions that facilitate real-time tracking and approvals of expenses. These tools cater primarily to mid-sized and large enterprises across various industries, including technology, manufacturing, and services, with a focus on enhancing operational efficiency and compliance. Kodo's products are utilized by over 2,000 companies, enabling them to automate and streamline their procurement workflows, enforce internal policies, and gain insights into spending patterns. The company serves a global client base, with notable deployments in markets such as India and other regions in Southeast Asia.In the most recent fiscal year, Kodo reported a revenue of INR 1,334,201.70 and an EBITDA of INR -215,148.40, reflecting the company's financial performance in its ongoing operations.Kodo Technologies Private Limited plans to leverage its recent SEED funding round of INR 635 million from March 2021 to enhance its product offerings and expand into new markets. The company is focused on developing new product features aimed at bolstering its procurement solutions and will target expansion in Southeast Asian markets by 2024. The funding will be strategically allocated to support the development of these products and facilitate market entry initiatives.

## Funding rounds

- Seed, Mar 9, 2021, $8.7M — Y Combinator, Pioneer Fund, Brex Inc., Goat Capital

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Pioneer Fund (https://capitalatlas.ai/funds/pioneer-fund) — Seed
- Brex Inc. — Seed
- Goat Capital (https://capitalatlas.ai/funds/goat-capital) — Seed