When was Covalensedigital founded?

Covalensedigital was founded in 2006 and raised its 1st funding round 13 years after it was founded.

Where is Covalensedigital located?

Covalensedigital is headquartered in Bengaluru, India. It is registered at Venus Building, Ground Floor, No.1/2 Kalyanmantapa Road, 3rd Main, Jakkasandra Koramangala, 1st Block, Bangalore, Bangalore, Karnataka, India, 560034.

Who is the current CEO of Covalensedigital?

Sreenivas Peesapati of Covalensedigital. They have also founded 1 company.

Which legal entities is Covalensedigital associated with?

Covalensedigital is associated with COVALENSE DIGITAL SOLUTIONS PRIVATE LIMITED.

How many employees does Covalensedigital have?

As of Aug 31, 2025, Covalensedigital has 555 employees, reflecting a 3% year-over-year decline in headcount.

Is Covalensedigital a funded company?

Covalensedigital is a funded company, having raised a total of $678K across 3 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Mar 31, 2019.

How much is Covalensedigital worth?

The latest valuation of Covalensedigital is ₹***** as of Oct 20, 2022.

When was the latest funding round of Covalensedigital?

Covalensedigital's latest funding was a $***** Seed round on Jul 29, 2022, with participation from 2 investors. Its primary sector is IT Services. In India, the IT Services sector has seen $18.5M in funding in 2026 to date.

What is the annual revenue of Covalensedigital?

Annual revenue of Covalensedigital is ₹132Cr as on Mar 31, 2025.

Where does Covalensedigital rank among its competitors?

Covalensedigital ranks 2089th amongst 119515 active competitors, of which 934 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Accenture, which secured an undisclosed amount in Mar, 2024.

Who are the top competitors of Covalensedigital?

Covalensedigital's top competitors include Hewlett Packard Enterprise, UST and Mindtree. Among them, Accenture secured the most recent funding round in March, 2024.

Covalensedigital - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Website: covalensedigital.com
Registered Address: Venus Building, Ground Floor, No.1/2 Kalyanmantapa Road, 3rd Main, Jakkasandra Koramangala, 1st Block, Bangalore, Bangalore, Karnataka, India, 560034

Key Metrics

Founded Year

2006

Location

Bengaluru, India

Stage

Seed

Total Funding

$678K in 3 rounds

Latest Funding Round

Seed, Jul 29, 2022, $*****

Post Money Valuation

₹***** as on Oct 20, 2022

Investors

Ajay Kumar Sangabathula & 11 more

Ranked

2089^th among 119515 active competitors

Annual Revenue

₹132Cr as on Mar 31, 2025

Employee Count

555 as on Aug 31, 2025

Similar Companies

Hewlett Packard Enterprise & 143183 more

View Covalensedigital's full profile

Covalensedigital is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
COVALENSE DIGITAL SOLUTIONS PRIVATE LIMITED CIN: U72900KA2018PTC170059 , India, Active	Mar 12, 2018	$15.6M (As on Mar 31, 2025)	555 (As on Aug 31, 2025)

Covalensedigital has raised a total funding of $678K over 3 rounds. Its first funding round was on Mar 31, 2019. Its latest funding round was a Seed round on Jul 29, 2022 for $*****. 2 investors participated in its latest round. Covalensedigital has 1 institutional investor and 11 angel investors.

Here is the list of recent funding rounds of Covalensedigital:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 29, 2022	3850955	Seed	4467053	8582841	5281853	9154523
Dec 20, 2021	5233953	Angel	4658153	5947695	4585892	3316318
Mar 31, 2019	2426597	Angel	8557944	3998708	Apparao Kilaparthi & 1 more	8323092

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View details of Covalensedigital's funding rounds and investors

The founders of Covalensedigital is Sreenivas Peesapati. Sreenivas Peesapati is the CEO of Covalensedigital.

Here are the details of Covalensedigital's key team members:

Sreenivas Peesapati: Founder & CEO of Covalensedigital and founder of 2 other companies, Covalense Global and Covalense. They serve on the boards of 3 companies.
Contact Info: 1 email address

Covalensedigital's Board of Directors

Covalensedigital's board has 2 active members. Sreenivas Peesapati is part of team and Anjana Arunashree is independent board member.

Here is the list of Covalensedigital's board of directors:

Name	Type	Representing	Status	Duration
Sreenivas Peesapati	Team	-	Current	5y 2m
Anjana Arunashree	Independent board member	-	Current	6y 4m

View details of Covalensedigital's Founder profiles and Board Members

Covalensedigital's employee count trend

Covalensedigital has 555 employees as of Aug 25. The total employee count is 3.0% lower than what it was in Aug 24. Here is Covalensedigital's employee count trend over the years:

Employee count trend for Covalensedigital

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Top competitors of Covalensedigital include Hewlett Packard Enterprise, UST and Mindtree. Here is the list of Top 10 competitors of Covalensedigital, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Hewlett Packard Enterprise 2015, Houston (United States), Public	Provider of edge-to-cloud solutions, products, and services for enterprise organizations	-	Kleiner Perkins, Draper Athena & 2 others	81/100
2nd	UST 1999, Aliso Viejo (United States), Late Stage	Provider of data analytics, cloud modernization, management strategy, and digital transformation services	$250M	Temasek, MFAR & 1 others	80/100
3rd	Mindtree 1999, Bengaluru (India), Acquired	Consulting and implementations company	$23.9M	Global Technology Ventures, Capital Group ... & 9 others	79/100
4th	Happiest Minds 2011, Bengaluru (India), Public	Provider of IT suite services	$64.8M	Canaan, Trident Trust & 40 others	76/100
5th	Accenture 1989, Dublin (Ireland), Public	Provider of IT consulting, technology, and outsourcing services	-	ngn-capital.com, Bondeinvest.com & 6 others	75/100
6th	Infosys 1981, Bengaluru (India), Public	Provider of digital marketing, data analytics, and IT services	-	Seaside Private Capital, ChrysCapital & 1 others	75/100
7th	EPAM 1993, Newtown (United States), Public	Provider of software development, data analytics, and other IT suite services	$50M	Merifin Capital, RTP Global & 8 others	74/100
8th	Virtusa 1996, Westborough (United States), Acquired	IT services company	$45.2M	Back Bay Group, Focus Ventures & 8 others	73/100
9th	Sutherland 1986, Pittsford (United States), Late Stage	Provider of business process and technology management services	$60M	Affirma Capital, Oak Investment Partners & 3 others	73/100
10th	Datamatics 1975, Mumbai (India), Public	Provider of digital technologies, business process management, analytics, and automation services	$3M	IIML	73/100
2089th	Covalensedigital 2006, Bengaluru (India), Seed	Provider of IT services suite solutions	$678K	SIDBI Venture Capital & 11 others	37/100

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Founders (largest shareholder) own 44.08%, Funds own 0.00%, Angels own 5.96% and Other People own 40.28%. The net worth of Covalensedigital's founders is INR 46.3Cr as of Oct 20, 2022.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	44.08%	46.3Cr	9161577	9228484	8009975	5225975
Sreenivas Peesapati	2543289	8836601	8172193	2458623	9691346	9108945
Fund	-	404	0	0	0	0
SIDBI Venture Capital	0	0	0	0	0	0
Angel	5.96%	6.25Cr	83201	99509	74995	34933
Prasanti Kalavala	6	6	6	4	8	7
Apparao Kilaparthi	16	63	42	67	79	89
Ajay Kumar Sangabathula	4	7	3	8	3	1
Other People	40.28%	42.3Cr	8054942	6453943	6172049	9608615
Other Investors	9.68%	10.2Cr	8322631	1456246	5023939	2411015
Total	100.00%	105Cr	3158945	3399933	6727894	1908918