Vymo Solutions Private Limited
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Vymo Solutions Private Limited - overview
Established
2013
Location
Bangalore, Karnataka, India
Primary Industry
Software
About
Vymo Solutions Private Limited, based in India, specializes in AI-driven insurance distribution management solutions, enhancing sales productivity and streamlining operations for insurance companies. Founded in 2013 in Bangalore, India, Vymo Solutions Private Limited operates in the insurance technology sector, providing an AI-powered platform that supports insurance agents and brokers. The company received its latest funding of USD 22. 00 mn in Series C on February 22, 2022, led by Bertelsmann India Investments.
Noteworthy investors include Emergence Capital Partners and Sequoia Capital. The founders, Venkata Malladi and Yamini Natti, have experience that strengthens the company's vision and operations. Vymo Solutions Private Limited offers an AI-powered insurance distribution management platform that enhances sales productivity and streamlines operations for its clients. The platform includes core functionalities such as lead and pipeline management, automated task reminders, and customer relationship management tools tailored specifically for insurance agents, brokers, and financial advisors.
Vymo serves a diverse customer base, including insurance providers and financial institutions across North America, Europe, and parts of Asia, addressing the growing demand for improved processes in insurance sales. For the year 2022, Vymo reported a revenue of USD 0 mn and an EBITDA of USD -13,122. 2. Following the Series C funding secured in February 2022, Vymo Solutions Private Limited plans to utilize the USD 22.
00 mn raised to accelerate growth in two key markets: the U. S. and Japan. The company is focused on expanding its presence in these regions by developing new products designed to enhance its offerings further.
Specific details regarding the timeline for new product launches have not been disclosed.
Current Investors
Sequoia, Emergence Capital, Bertelsmann India Investments
Primary Industry
Software
Sub Industries
eMarketing/Digital Marketing, Web Applications, Analytics & Performance Software, Customer Relationship Management, Sales & Marketing Software
Website
www.vymo.com
Verticals
Cloud Computing, Mobile Apps
Company Stage
Series C
Total Amount Raised
Subscriber access only
Vymo Solutions Private Limited - timeline of key events
Vymo Solutions Private Limited - financials
| Fiscal Year Ended | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 215,200 | 3,671,548 | 28,611,206 | 53,325,459 | 90,627,666 | 210,199,020 | 60,577,848 | - | - | - | - |
| % Revenue Growth (YoY) | - | 1606.1% | 679.3% | 86.4% | 70.0% | 131.9% | (71.2%) | (100.0%) | - | - | - |
| EBITDA (USD) | (208,446) | (24,392.2) | 4,435,172 | (55,764,325) | (98,080,747) | (106,940,869) | 615,257 | (981,614) | - | - | - |
| Operating Income (USD) | (218,978) | (54,555.1) | 4,024,870 | (57,601,297) | (101,069,943) | (110,082,807) | 72,247 | (981,614) | - | - | - |
| Operating Margin | (101.8%) | (1.5%) | 14.1% | (108.0%) | (111.5%) | (52.4%) | 0.1% | - | - | - | - |
| % EBITDA Margin | (96.9%) | (0.7%) | 15.5% | (104.6%) | (108.2%) | (50.9%) | 1.0% | - | - | - | - |
| NET Income (USD) | (155,438.8) | (167,383.5) | 2,952,558 | (51,442,094) | (89,659,283) | (105,490,894) | (1,182,146) | (658,504) | - | - | - |
| % Net Margin | (72.2%) | (4.6%) | 10.3% | (96.5%) | (98.9%) | (50.2%) | (2.0%) | - | - | - | - |
Vymo Solutions Private Limited - employee data
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