Forthcode - About the company
Forthcode is a seed company based in Bengaluru (India), founded in 2008 by Ajith Balakumar. It operates as a Developer of cloud-based platforms for airlines and retail. Forthcode has raised $237K in funding from Metamax Technology Ventures, with a current valuation of $*****. The company has 201 active competitors, including 20 funded and 9 that have exited. Its top competitors include companies like Ezetap, Ingenico and Mswipe.
Company Details
Developer of cloud-based platforms for airlines and retail. It offers SaaS solutions designed to streamline ancillary revenue for airlines and provide point-of-sale systems for retailers and wholesalers. The company also develops enterprise IoT solutions focused on improving efficiency. A platform-led approach emphasizes ease of deployment, scalability, and measurable ROI. Its global ecosystem of partners ensures faster turnaround times and access to cutting-edge technologies. The platforms are designed for easy integration with existing systems, enabling rapid scaling and improved customer experiences.
- Website
- www.forthcode.com/
- Social
- Email ID
- *****@forthcode.com
- Phone Number
- +91 **********
- Registered Address
- No. 43, WeWork Galaxy, Residency Road, Richmond Town, Bangalore, Bangalore North, Karnataka, India, 560025
Key Metrics
Founded Year
2008
Location
Bengaluru, India
Stage
Seed
Total Funding
$237K in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on Aug 30, 2023
Investors
Ranked
24th among 201 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
23 as on Sep 30, 2026
Legal entities associated with Forthcode
Forthcode is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
FORTHCODE TECHNOLOGIES INDIA PRIVATE LIMITED CIN: U72900KA2020PTC131847 , India, Active | Jan 22, 2020 | 0 - ₹10 Cr (As on Mar 31, 2025) | 13 (As on Mar 01, 2026) |
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Forthcode's funding and investors
Forthcode has raised a total funding of $237K over 2 rounds. Its first funding round was on Jun 01, 2022. Its latest funding round was a Seed round on Aug 30, 2023 for $*****. 1 investor participated in its latest round. Forthcode has 1 institutional investor and 1 angel investor.
Here is the list of recent funding rounds of Forthcode:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 30, 2023 | 6549036 | Seed | 9628937 | 8769174 | 4655186 | 5831664 |
Jun 01, 2022 | 5552215 | Angel | 2961226 | 9886981 | 6825557 |
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Forthcode's founders and board of directors
Founder? Claim ProfileThe founders of Forthcode is Ajith Balakumar. Ajith Balakumar is the CEO of Forthcode.
Here are the details of Forthcode's key team members:
- Ajith Balakumar: Founder & CEO of Forthcode. Contact Info: 1 email address
Forthcode's Board of Directors
Forthcode's board has 3 active members. Ajith Kumar Kumar Balakumar is part of team and Changaai Mangalote Faiz and Purnima Manhas are independent board members.Here is the list of Forthcode's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 3y 11m | |
Independent board member | - | Current | 3y 11m | |
dvrfucc | Independent board member | - | Current | 1y 9m |
View details of Forthcode's Founder profiles and Board Members
Forthcode's employee count trend
Forthcode has 23 employees as of Sep 26. Here is Forthcode's employee count trend over the years:
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Forthcode's Competitors and alternates
Top competitors of Forthcode include Ezetap, Ingenico and Mswipe. Here is the list of Top 10 competitors of Forthcode, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Cloud-based mPOS software and hardware solutions for businesses | $66.4M | 72/100 | ||
2nd | Provider of payment acceptance devices, estate management, and commerce enhancing solutions | - | 71/100 | ||
3rd | Provider of payment technology solutions for retail and online businesses | $126M | 67/100 | ||
4th | Provider of payment and revenue assurance software for retail businesses | $155M | 65/100 | ||
5th |  RateGain 2004, London (United Kingdom), Public | AI-powered solutions for the travel and hospitality industry | $64.9M | 65/100 | |
6th | Manufacturer of retail interior fixtures lighting technology and service systems | - | 61/100 | ||
7th | Embedded systems and fintech solutions provider | $241K | 54/100 | ||
8th |  Kasir Pintar 2017, Surabaya (Indonesia), Unfunded | Cloud-based mPOS software solutions for offline retailers | - | - | 53/100 |
9th | High frequency sound based money transfer company | - | - | 53/100 | |
10th | Provider of financial and utility services to retailers and distributors | $32.7K | 47/100 | ||
24th | Developer of cloud-based platforms for airlines and retail | $237K | 50/100 |
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Forthcode's Investments and acquisitions
Forthcode has made no investments or acquisitions yet.
Reports related to Forthcode
Here is the latest report on Forthcode's sector:
News related to Forthcode
Media has covered Forthcode for 1 event in last 1 year, It was about company updates.
•
Forthcode Launches Offline-First AI Intelligence Layer for AviationTravolution•Sep 16, 2026•Forthcode
•
Worldline introduces FlexPricing to support software vendorsThe Paypers•Dec 19, 2024•Worldline, Forthcode
•
Worldline partners with Forthcode for in-flight paymentsThe Paypers•Dec 13, 2024•Worldline, Forthcode
•
Worldline Partners With Forthcode To Offer In-flight Payment Solutions On Android Pos In IndiaBusinessnewsthisweek•Dec 13, 2024•Worldline, Forthcode
•
TEAC starts Business collaboration with Forthcode for Integrated Retail Systems in AviationBusiness Wire•Jul 16, 2024•TEAC, Forthcode, Eac-Corp, teac.jp
•
FPT Software and Forthcode are teaming up to revolutionize inflight operationsBusiness Wire•May 13, 2024•Forthcode, FPT Software
•
FPT Software and Forthcode unite their strengths to revolutionize the on -board operationsBusiness Wire•May 13, 2024•FPT Software, Forthcode
•
FPT Software and ForthCode make partnership to revolutionize the on -board service of airlinesBusiness Wire•May 13, 2024•Forthcode, FPT Software
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