# RevosAuto Tech Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/revosauto-tech-private

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.revos.in
- Total disclosed funding: $4.5M
- Latest round: Series A (Sep 1, 2021)
- Investors on record: 6

## About

RevosAuto Tech Private Limited is a technology firm focused on enhancing operational efficiency through innovative software solutions, targeting diverse industries such as retail, manufacturing, and e-commerce.Founded in 2017 in Bangalore, India, RevosAuto Tech Private Limited specializes in developing software platforms aimed at improving business processes. The company has successfully completed three deals, with the latest being a Series A round in September 2021 that raised USD 4.00 mn, co-led by Prime Venture Partners and Union Square Ventures. The founders, Ashwathej Purushothaman, Jyotiranjan Harichandan, Mohit Yadav, and Sagar K, have driven the company from its inception, while Andres Ortiz currently serves as the CEO.Revos specializes in providing innovative technology solutions aimed at enhancing operational efficiency for businesses across various sectors. Their core product offerings focus on advanced software platforms that streamline processes such as inventory management, customer relationship management, and supply chain logistics. These products are designed to address specific challenges faced by businesses, such as reducing operational costs and improving service delivery. Revos targets a diverse client base, including small to medium-sized enterprises (SMEs) and larger corporations, primarily in industries such as retail, manufacturing, and e-commerce. Their technology solutions are marketed in regions such as North America, Europe, and parts of Asia, emphasizing a global approach to meeting customer needs.Revos generated revenue of USD 31,201.30 in 2023, with an EBITDA of USD -3,993. The company utilizes a combination of subscription-based models and direct sales for its software solutions, with clients typically engaging in annual subscription agreements that provide access to the latest software updates and customer support services. The structured transaction model facilitates long-term partnerships, ensuring steady revenue streams while delivering tailored solutions to their customers.Following the Series A funding of USD 4.00 mn raised in September 2021, RevosAuto Tech Private Limited plans to utilize this capital to deploy electric vehicle (EV) chargers across India and further strengthen its technology team. The company is also focused on expanding its product offerings and intends to enter new geographic markets, although specific regions and timelines for this expansion have not been disclosed.

## Funding rounds

- Series A, Sep 1, 2021, $4M — Union Square Ventures, Prime Venture Partners
- Seed, Oct 5, 2020, $0.3M — Prime Venture Partners, ITI Growth Opportunities
- Seed, Dec 24, 2018, $0.2M — Hyderabad Angels, ITI Growth Opportunities, Sun Mobility Private Limited, Xseed Partners

## Investors

- Hyderabad Angels (https://capitalatlas.ai/funds/hyderabad-angels) — Seed
- ITI Growth Opportunities (https://capitalatlas.ai/funds/iti-growth-opportunities) — Seed
- Sun Mobility Private Limited — Seed
- Xseed Partners — Seed
- Prime Venture Partners (https://capitalatlas.ai/funds/prime-venture-partners) — Seed, Series A
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A