Hotline: 1800 102 2007
X
Search Business Opportunities
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

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
  • Pharmacies
    About Us: |Reliable, Experienced, Trusted pharma product provider| The most trusted name..
    Locations looking for expansion New Delhi
    Establishment year 2006
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Cosmetics & Beauty Product Stores
    Gulnare Skincare offers skin care solutions for the socially conscious...
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 270
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Beauty Salons
    Studio99 – Unisex Salons & Spa A journey from Coffee Shop..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • About Us: Credence International Schools is a K-12 Venture of Credence..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2014
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 20000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
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