# Suvidhaa Infoserve

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/suvidhaa-infoserve

- Industry: Consumer Services
- Headquarters: Mumbai, India
- Website: www.mysuvidhaa.com
- Total disclosed funding: $24M
- Latest round: Series C (Nov 15, 2011)
- Investors on record: 4

## About

Suvidhaa Infoserve is a digital solutions provider that streamlines day-to-day transactions for businesses and consumers, offering services such as bill payments, mobile recharges, and ticket bookings through its online platform.Suvidhaa Infoserve, founded in 2007 in Mumbai, India, specializes in facilitating digital transactions for consumers and businesses. The company was co-founded by Gautam Prabhakar and Paresh Rajde. In November 2011, Suvidhaa raised USD 12 mn in a Series C funding round led by Mitsui Global Investment, which brought its total raised amount to USD 12 mn. The company has completed four deals, with the most recent deal occurring on November 15, 2011.The platform mysuvidhaa.com provides a variety of digital solutions aimed at enhancing efficiency for users. Services include bill payments, mobile recharges, and ticket bookings, catering to both individual consumers and businesses. The company operates predominantly in urban centers across India, where the demand for digital payment solutions is increasing.In the most recent fiscal year 2023, Suvidhaa Infoserve generated revenue of USD 3,898,323.30 and an EBITDA of USD 1,477,368.20. The company's revenue model relies on transaction fees and service charges linked to its platform, with additional earnings from partnerships with various service providers.Following the Series C financing in November 2011, Suvidhaa Infoserve plans to leverage its funding to enhance its platform and expand its offerings. The company is focusing on developing new products aimed at improving user engagement, with plans for market expansion in additional urban areas within India. The funding will support these initiatives, allowing Suvidhaa to scale its operations effectively.

## Funding rounds

- Series C, Nov 15, 2011, $12M — Norwest Venture Partners, Mitsui Global Investment, Reliance Ventures
- Series B, Aug 13, 2010, $6.9M — Norwest Venture Partners, IFC Asset Management Company, Reliance Ventures
- Series A, Sep 8, 2008, $5.1M — Norwest Venture Partners, Reliance Ventures

## Investors

- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A, Series B, Series C
- Reliance Ventures — Series A, Series B, Series C
- IFC Asset Management Company (https://capitalatlas.ai/funds/ifc-asset-management-company) — Series B
- Mitsui Global Investment (https://capitalatlas.ai/funds/mitsui-global-investment) — Series C