# Uvik Technologies Pvt.

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

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.uvik.in
- Total disclosed funding: $1M
- Latest round: Seed (Dec 21, 2020)
- Investors on record: 1

## About

Uvik Technologies Pvt. Ltd. specializes in networking solutions that enhance connectivity and data communication for various businesses, offering advanced software and hardware to optimize network management.Founded in 2019 and headquartered in Bangalore, India, Uvik Technologies Pvt. Ltd. focuses on delivering innovative networking solutions. The company has successfully completed a total of 4 deals, with the latest funding round being an Add-on Trade Sale on January 22, 2022, amounting to INR 750 million. This deal involved an acquisition by Infibeam Incorporation Ltd., which included a cash consideration of INR 120 million, alongside a preferential issue of equity shares. The company is led by CEO and founder Rahul Hirve, who has a history of entrepreneurial ventures, although specific details regarding previous companies are not available.Uvik specializes in providing networking solutions that facilitate enhanced connectivity and data communication for businesses across various sectors. Their offerings include a range of advanced networking software and hardware aimed at seamless data transmission and robust network management. Uvik's products cater to a diverse clientele, from tech startups to established enterprises, addressing critical use cases such as network optimization, security enhancements, and scalable architecture. They have successfully entered international markets, including North America, Europe, and parts of Asia.For the year 2022, Uvik generated a revenue of INR 49,589.6 million, while reporting an EBITDA of INR -282,220.5 million. The company operates primarily in the B2B sector, leveraging direct client relationships through subscription services and hardware sales, which typically involve multi-year contracts for ongoing support and enhancements.Uvik’s future growth strategy includes the development of new products aimed at addressing emerging networking challenges, with specific launch timelines to be announced. The company plans to expand its market reach into new regions, targeting additional areas in North America and Europe by the end of 2024. The recent funding of INR 750 million will be utilized to support these initiatives, particularly in product development and market expansion efforts to enhance their service offerings.

## Funding rounds

- Seed, Dec 21, 2020, $0.5M — Season Two Ventures
- Seed, Dec 30, 2019, $0.5M — Season Two Ventures

## Investors

- Season Two Ventures (https://capitalatlas.ai/funds/season-two-ventures) — Seed