FirstCode looking to raise INR 10cr. in Equity - Revenue making AI Company based in Mumbai

Posted On: 05 / Aug / 2023
0 457

Deal Details

Annual

Deal Type

Equity (Fundraise)
Maximum Loan

Industry

Artificial Intelligence
Charge

Deal Status

Active

Deal Description

Description:
1. The company is unlocking the power of data and AI for business transformation.
2. The problem they are solving is: Inefficient Data Management, Delayed Access to Real-Time Data, and Impeding business performance growth

Solutions:
1. Data Engineering Services
2. Business Intelligence Services
3. Advanced Analytics and AI/ML Services

USP of the company:
1. Cutting-edge Expertise
2. Customized Solutions
3. Industry-specific Experience

Traction:
1. Revenue until now = INR 24 lakhs
2. Major Client = 1
3. Orders in Pipeline = 5
4. Solution provided to the major client: A comprehensive approach to managing bank reconciliation that includes features built in that may be adjusted to meet the needs of corporates. Utilizing IBM Planning Analytics (TM1) software, the solution was created.

Usage of Funds:
1. Technology: INR 2 Cr
2. Marketing: INR 1 Cr
3. Expansion: INR 2 Cr
4. Operations: INR 1.5 Cr
5. Talent: INR 1 Cr
6. Research: INR 1.5 Cr
7. Miscellaneous: INR 1 Cr

Attached Files

icon Firstcode Pitch Deck pdf

Deal Value
10 Crore
Targeted Region
Asia Pacific

Revenue

2019-20
Undisclosed
2020-21
25 Lakhs
2021-22
Undisclosed