2014-10-06

Kenscio Digital set to raise about Rs 30 crore

The company is also targeting a top-line of $4 million (Rs 25 crore) for the current financial year. It earned revenue of $3 million (Rs 19 crore) in the last fiscal

Kenscio Digital set to raise about Rs 30 crore

Bangalore-headquartered Kenscio Digital Marketing is looking to raise about $5 million (about Rs 30 crore), which, if successful, will the first round of institutional funding for the five year-old company, says the PTI report.

 

"We are a profitable company, and we plan to use the proceeds towards our product and business development," Saurav Patnaik, co-founder and chief business officer, Kenscio told ET.

 

The report further stated that a profit projection for 2014-15 is Rs 3.5 crore. 
 

The company, which was co-founded by Patnaik and former Hewlett Packard and Bharat Electronics Limited executive Manjunatha KG, along with two others, is also targeting a top-line of $4 million (Rs 25 crore) for the current financial year. It earned revenue of $3 million (Rs 19 crore) in the last fiscal. 



Kenscio offers host of solutions to businesses, such as email marketing solutions and services, social media marketing, media services, real time email personalisation, email list cleansing, multi-channel marketing intelligence and analytics. 



"We are expanding, and we feel this is a very good time to raise our first round, given the positive market sentiments," added Patnaik. 

 

Bangalore-headquartered Kenscio Digital Marketing is looking to raise about $5 million (about Rs 30 crore), which, if successful, will the first round of institutional funding for the five year-old company, says the PTI report.

 

"We are a profitable company, and we plan to use the proceeds towards our product and business development," Saurav Patnaik, co-founder and chief business officer, Kenscio told ET.

 

The report further stated that a profit projection for 2014-15 is Rs 3.5 crore. 


 

The company, which was co-founded by Patnaik and former Hewlett Packard and Bharat Electronics Limited executive Manjunatha KG, along with two others, is also targeting a top-line of $4 million (Rs 25 crore) for the current financial year. It earned revenue of $3 million (Rs 19 crore) in the last fiscal. 

 

Kenscio offers host of solutions to businesses, such as email marketing solutions and services, social media marketing, media services, real time email personalisation, email list cleansing, multi-channel marketing intelligence and analytics. 



"We are expanding, and we feel this is a very good time to raise our first round, given the positive market sentiments," added Patnaik. 


 

Related opportunities
  • Kids Entertainment Zones
    KID’S INDOOR SOFT PLAY AREA Xeno’s Play Space is the brainchild..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2023
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater MUMBAI Maharashtra
  • Clinics & Nursing Homes
    He foremost learning of Dr. Kochar's is to "embrace the..
    Locations looking for expansion Chandigarh
    Establishment year 2000
    Franchising Launch Date 2022
    Investment size Rs. 10lakh - 20lakh
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chandigarh Chandigarh
  • Casual Dine Restaurants
    Multi-Cuisine restaurant is designed with the highest standards. You will relish..
    Locations looking for expansion Tamil nadu
    Establishment year 2019
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Fine Dine Restaurants
    Three Quarter Indian is a Modern Indian casual fine dining..
    Locations looking for expansion Gujrat
    Establishment year 2019
    Franchising Launch Date 2023
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 6000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater ahemdabad Gujrat
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads