- The capital will be used to optimise product development and deployment processes, as well as increase operational footprint across India and international markets like the US and Europe
- The company will also look to increase the workforce, improve its tech `infrastructure, and enhance R&D of cybersecurity products
Kratikal, an end-to-end product-based cybersecurity solutions provider has recently raised $1 million in pre-series A funding led by Gilda VC, Art Venture and Rajeev Chitrabhanu. Madhusudan Gopinath, Shangrila Infotech LLP, Equentia Natural Resources, Artha Ventures & LetsVenture also participated in the round. The fresh capital will be utilized to streamline product development and deployment, as well as to drive feet-on-the-street marketing and field merchandising initiatives.
The latest capital infusion will also help Kratikal augment its business expansion strategy and scale up its workforce, improve its tech infrastructure, and enhance R&D of cybersecurity products – while also unlocking access to stronger business support and network. The association with Gilda VC will help the company capitalise on emerging business opportunities in the Middle East market, while Art Venture will assist its expansion in the BFSI sector. Mr. Rajeev Chitrabhanu, one of the top financial experts in India, will also guide the company as it seeks to achieve positive ROIs.
[caption id="attachment_138942" align="alignleft" width="300"]
Pavan Kushwaha, CEO, Kratikal[/caption]Pavan Kushwaha, CEO – Kratikal, said, “Our latest funding round is an important milestone for us, as it underlines the strength of our product innovation capabilities, robust unit economics, and deep cybersecurity expertise. It also brings the right mix of domain expertise and business networking opportunities to the table. This capital funding will help us to unlock the next phase of our business growth by optimising operations and rapidly scaling up our market footprint, both in India and across other high-growth international markets.”
Gilda VC is a Dubai-based venture capital firm that provides a growth platform to early-stage companies, thus helping them to flourish in their respective businesses. Some of the most well-known start-ups funded by Gilda VC include Bombay Play, IamHere, Sensiwise and InstaCar. ART Venture is owned 100% by The Three Sisters: Institutional Office (TTSIO) and has played a major role in helping Kratikal expand its operations across the BFSI sector.
The third lead investor, Mr. Rajeev Chitrabhanu who is known for his enterprising spirit, creativity, and business acumen in the finance domain, has backed several successful start-ups such as Rentomojo, Safari, Lenskart, Fisdom, Beato and Livspace, amongst others.
Mr. Rajeev Chitrabhanu, Founder, Magnetic added “With its co-founder team, marquee client list, and market-leading products, Kratikal is well-positioned to take advantage of the growing push towards stronger cybersecurity. As one of the few cybersecurity companies to have achieved even cashflows in a short span since its operational launch, I believe that it is bound to achieve exponential success. We need more players like Kratikal to keep businesses and systems secure from advanced cyber threats across the globe.”
Kratikal was founded by alumni of NIT Allahabad, Pavan Kushwaha (CEO), Paratosh Bansal (CTO) and Dip Jung Thapa (COO) in 2013. Since its inception, Kratikal has launched various innovative security solutions to tackle the growing threat risk in cyberspace. These include ThreatCop, an AI and ML-based simulation product designed for employee risk assessment & cyber awareness, and KDMARC, a revolutionary email authentication and anti-spoofing tool that aims to address the cyber threats posed by email-based attacks. The company is catering to 100+ clients including Kotak Mahindra Bank, Aditya Birla Capital, Himalaya Wellness, PVR Cinemas, Fortis Healthcare, Cars24, Pine Labs and Drivezy, among others.
The latest funding will give a major fillip to Kratikal’s long-term vision while helping it deliver more unmatched cybersecurity products and solutions to tackle the ever-evolving threat landscape. With offices established in Noida, Mumbai, and Bangalore, the company is now looking to expand its footprint to three more cities – including the emerging IT hubs of Hyderabad, Chennai, and Pune – within the next 2 months.
Founded in 2013 by alumni of NIT Allahabad Pavan Kushwaha (CEO), Paratosh Bansal (CTO) and Dip Jung Thapa (COO), Kratikal is an end-to-end product-based cybersecurity solutions provider. The company is backed by Gilda VC, Art Venture, Rajeev Chitrabhanu, Madhusudan Gopinath, Shangrila Infotech LLP, Equentia Natural Resources, Artha Ventures & LetsVenture. The new age cybersecurity start-up Kratikal was incubated under the Ministry of Telecom, recognised under Startup India and also counted as one of the top 6 companies in Nasscom Product Conclave showcase 2018.
Advertisements