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SatNav Technologies Pvt Ltd

SatNav Technologies Pvt Ltd

IT Products for Global Markets, closed 2mn US$ funding, operates in 10 countries

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Deal Type

Equity

Funding Goal

$2,000,000

Current Reservations

$2,025,000

Minimum Reservation

$25,000

Pre-money Valuation

$9,000,000

Open Date

02/09/2014

Closing Date

08/31/2014

Traction

  • Listed among top 50 Product Companies from India to be showcased to Global CIOs

    March, 2014
  • SatNav & Synergy IT Group have entered in to a strategic partnership to sell SatNav's IT product SatTracx and a-mantra in the Australia / NZ

    February, 2014
  • SatNav is working with a couple of leading Indian IT services majors in providing Map based solutions for customers on our product platforms

    January, 2014
  • Leading Media house - Star India has chosen a-mantra as their facilities management product to have better control on their space, asset etc

    December, 2013
  • A formal Business Partner model was launched with Bronze at one end and Platinum at the high end, offering a range of benefits.

    November, 2013
  • US Giants in their own domains, Ericsson and United Healthcare Group India to use SatNav's products, our Partner bagged these projects.

    October, 2013
  • In less than 12 months of BD our products have 100mn Transactions, 620k Users, 10 Countries & 8 Partners, indicating the huge potential.

    March, 2014
  • SatNav and Bartinet have signed up a new partnership for tapping mutual customers in the APAC region.

    September, 2013
  • Talisma Inc whose parent company is Campus Management USA, having presence worldwide, signed up as partner for Education vertical.

    July, 2013
  • SatNav and Microsoft in a strategic partnership for B2B domain

    August, 2013
  • Dubai Strategic partner picks up 1% stake in SatNav, to also represent company in the MEA region on a non-exclusive model.

    June, 2013
  • SatTracx deployed as a paid pilot for our customer in Spain, a-mantra gets its first implementation in Singapore thru Japanese Partner Azbil

    May, 2013
  • With product development now completing the first phase, International foray initiated to start bagging projects in markets beyond India

    March, 2013
  • SatNav finalised strategic go-to-market plans to expand into new vertical markets and geographies.

    April, 2013
  • SatNav has won over a dozen awards and recognition since its inception! We have been recognised as pioneers at multiple forums worldwide.

    February, 2013
  • 3 weeks of Australia / New Zealand market analysis done and a network of partners is now being set up

    April, 2014
  • A detailed US market penetration strategy is now being worked upon and 2 weeks of ground work has been completed

    May, 2014
  • One of our co-Founders is now leading our Government Vertical creation efforts, partners are being signed up, bids by next quarter.

    June, 2014
  • SatNav Co-founder Selva implemented SatTracx Tracking Service for Idea Cellular for select business teams in Hyderabad.

    July, 2014
  • Sales Director Dr. Vikas Sharma spent 3 weeks in Singapore scoping the market, meeting with potential partners and customers.

    August, 2014
  • Phase 1 project for tracking Vehicles of the Hyderabad City Police was implemented.

    August, 2014
  • SatNav's GPS Tracker platforms SatTracx has been getting rave media reviews; it can track smartphones, tracker devices & more!

    September, 2014
  • SatNav has initiated market research in Sri Lanka, attended a leading conference Infotel 2014 to start making inroads into the island nation

    October, 2014

Previous Funding

  • $3,500,000 Equity
  • Raise Source: Investors
  • May 2008
  • $2,000,000 Equity
  • Raise Source: Investors
  • August 2014

Documents

Confidential

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