AsknBid Tech - About the company
AsknBid Tech is a seed company based in Bengaluru (India), founded in 2018 by Suresh Bavisetti and Paarth Dhar. It operates as a Provider of software development, devops management, and data intelligence services. AsknBid Tech has raised $1.09M in funding from ICICI Securities, with a current valuation of ₹*****. The company has 120592 active competitors, including 931 funded and 7071 that have exited. Its top competitors include companies like UST, Hewlett Packard Enterprise and Mindtree.
Company Details
Provider of software development, devops management, and data intelligence services. The company includes infrastructure migration, product architecture & consulting. They also tailored and fully managed technology products like algorithmic trading solutions and stock market gaming platform.
- Website
- asknbid.tech
- Social
- Registered Address
- DOOR NO: 4-35 PANDURU, KAKINADA RURAL MANDAL, East Godavari, KAKINADA, Andhra Pradesh, India, 533005
Key Metrics
Legal entities associated with AsknBid Tech
AsknBid Tech is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ASKNBID INNOVATION FACTORY INDIA PRIVATE LIMITED CIN: U74999AP2018PTC107781 , India, Active | Mar 07, 2018 | $0 (As on Mar 31, 2025) | - |
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AsknBid Tech's funding and investors
AsknBid Tech has raised a total funding of $1.09M over 2 rounds. Its first funding round was on Jan 16, 2020. Its latest funding round was a Seed round on May 28, 2021 for $*****. 7 investors participated in its latest round. AsknBid Tech has 10 institutional investors and 14 angel investors.
Here is the list of recent funding rounds of AsknBid Tech:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 28, 2021 | 4308944 | Seed | 2081861 | 8862566 | 9931137 | 5019777 |
Jan 16, 2020 | 8402977 | Seed | 2204801 | 5248645 |
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AsknBid Tech's founders and board of directors
Founder? Claim ProfileThe founders of AsknBid Tech are Suresh Bavisetti and Paarth Dhar.
Here are the details of AsknBid Tech's key team members:
- Suresh Bavisetti: Co-Founder of AsknBid Tech and founder of 4 other companies, including Entrepreneur First, Dstreet Finance and Dstreet Games. They serve on the boards of 2 companies.Contact Info: 3 email addresses and 1 phone number
- Paarth Dhar: Co-Founder of AsknBid Tech and founder of 4 other companies, including Dstreet Finance, ASKNBID and Dstreet Games. They serve on the boards of 2 companies.Contact Info: 2 email addresses and 1 phone number
AsknBid Tech's Board of Directors
AsknBid Tech's board has 4 active members. Suresh Bavisetti and Paarth Dhar are part of team and Ketan Karkhanis and Paduri Ravikanth Reddy are independent board members.Here is the list of AsknBid Tech's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 8y 1m | |
Team | - | Current | 6y 3m | |
Independent board member | - | Current | 4y 3m | |
rmwblgi | Independent board member | - | Current | 4y 3m |
{mtfhqw | Independent board member | - | Past | 5y 5m |
View details of AsknBid Tech's Founder profiles and Board Members
AsknBid Tech's employee count trend
AsknBid Tech has 14 employees as of Jul 24. Here is AsknBid Tech's employee count trend over the years:
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AsknBid Tech's Competitors and alternates
Top competitors of AsknBid Tech include UST, Hewlett Packard Enterprise and Mindtree. Here is the list of Top 10 competitors of AsknBid Tech, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | UST 1999, Aliso Viejo (United States), Late Stage | Provider of data analytics, cloud modernization, management strategy, and digital transformation services | $250M | 80/100 | |
2nd | Hewlett Packard Enterprise 2015, Houston (United States), Public | Provider of edge-to-cloud solutions, products, and services for enterprise organizations | - | 79/100 | |
3rd | Consulting and implementations company | $23.9M | 79/100 | ||
4th |  Happiest Minds 2011, Bengaluru (India), Public | Provider of IT suite services | $64.8M | 76/100 | |
5th | Provider of IT consulting, technology, and outsourcing services | - | 76/100 | ||
6th | Provider of digital marketing, data analytics, and IT services | - | 75/100 | ||
7th | Virtusa 1996, Westborough (United States), Acquired | IT services company | $45.2M | 73/100 | |
8th |  Sutherland 1986, Pittsford (United States), Late Stage | Provider of business process and technology management services | $60M | 73/100 | |
9th |  Datamatics 1975, Mumbai (India), Public | Provider of digital technologies, business process management, analytics, and automation services | $3M | 73/100 | |
10th | EPAM 1993, Newtown (United States), Public | Provider of software development, data analytics, and other IT suite services | $50M | 73/100 | |
4161st | AsknBid Tech 2018, Bengaluru (India), Seed | Provider of software development, devops management, and data intelligence services | $1.09M | 32/100 |
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AsknBid Tech's Latest cap tables and shareholding
Founders (largest shareholder) own 50.10%, Funds own 8.75%, Enterprises own 12.92% and Angels own 28.23%. The net worth of AsknBid Tech's founders is INR 20.2Cr as of Nov 23, 2021.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 50.10% | 20.2Cr | 7158678 | 6133003 | 6062301 | 1756696 |
8776139 | 1355186 | 9470873 | 3468014 | 4748506 | 4494991 | |
5843226 | 2977056 | 1945608 | 7371323 | 8665449 | 3878248 | |
Fund | 8.75% | 3.52Cr | 8393081 | 5361084 | 2572771 | 8616091 |
156 | 924 | 903 | 172 | 185 | 102 | |
Enterprise | 12.92% | 5.2Cr | 6176737 | 2780704 | 5415841 | 2989233 |
Angel | 28.23% | 11.4Cr | 1462825 | 7911178 | 2365096 | 4758973 |
1 | 1 | 4 | 6 | 6 | 4 | |
Total | 100.00% | 40.2Cr | 9336347 | 1732320 | 2785811 | 6734092 |
To unlock detailed Cap Table of AsknBid Tech Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of AsknBid Tech's Shareholding
AsknBid Tech's Investments and acquisitions
AsknBid Tech has made no investments or acquisitions yet.
News related to AsknBid Tech
•
ICICI Securities invests in Asknbid Innovation FactoryYourStory•Oct 16, 2021•ICICI Securities, AsknBid Tech
•
AsknBid secured funding from Mumbai Angels NetworkTechStory•Apr 27, 2020•AsknBid Tech, Mumbai Angels, ASKNBID, Gatewayventures and 1 other
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