# S-Ancial Technologies Private

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

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.s-ancial.com
- Total disclosed funding: $1.1M
- Latest round: Seed (Jun 5, 2021)
- Investors on record: 5

## About

Based in Mumbai, India, S-Ancial Technologies Private Limited offers advanced financial technology solutions that enhance capital market interactions, focusing on investor relations and streamlined communication for listed companies.S-Ancial Technologies Private Limited, established in 2015, operates out of Mumbai, India. The company specializes in financial technology products and services aimed at improving capital market engagement. Founded by Pradip Seth and Shailendra Mehta, S-Ancial has completed 6 deals, with the most recent funding round occurring on November 18, 2022, during which it raised INR 33.69 million. The latest funding round marks the total amount raised at INR 33.69 million, which has contributed to its current valuation of INR 745.538 million.S-Ancial Corporate Solutions specializes in providing a comprehensive suite of financial technology products and services designed to enhance capital market engagement. Their core offerings include the ExchangeConnect platform, which facilitates effective communication between listed companies and investors through automated information flows powered by data intelligence and artificial intelligence. This platform is tailored for the financial community, helping companies streamline their processes related to pre-IPO and IPO needs, fundraising, and Environmental, Social, and Governance (ESG) reporting. The company serves a diverse client base across various geographical markets, actively engaging in regions such as Asia and beyond.In 2023, S-Ancial Corporate Solutions reported a revenue of INR 312,723.70, with an EBITDA of -INR 343,451.20. Their revenue model primarily revolves around subscription-based access to their flagship products, such as ExchangeConnect, along with additional services tailored for corporate clients. Partnerships typically involve subscription agreements for ongoing access to the platform, paired with fees for supplementary services related to pre-IPO and IPO engagements. The transaction structure is predominantly B2B, focusing on listed companies as direct clients utilizing the platform for investor relations and capital market activities.Following their recent funding deal on November 18, 2022, S-Ancial Technologies Private Limited plans to develop new products and enhance their existing offerings. The company is targeting expansion into additional markets in Asia, with plans to establish a stronger presence by the end of 2024. Funding from the recent deal will support these initiatives, allowing for the development of new features within the ExchangeConnect platform and facilitating entry into emerging markets.

## Funding rounds

- Seed, Jun 5, 2021, $1.1M — New York Society of Security Analysts, Subhkam Ventures, Rank Group, JITO Incubation & Innovation Foundation, Authum Investment & Infrastructure Ltd

## Investors

- New York Society of Security Analysts — Seed
- Subhkam Ventures (https://capitalatlas.ai/funds/subhkam-ventures) — Seed
- Rank Group — Seed
- JITO Incubation & Innovation Foundation — Seed
- Authum Investment & Infrastructure Ltd — Seed