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Comat Technologies

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Comat empowers rural citizens by creating local economies and giving them access to information and services

Bengaluru, IndiaFounded 1996Event Tech
Valuation $50–100M Last recorded · 2008
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
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About Comat Technologies

Comat Technologies Private Limited was established in Bangalore, India, in 1996 by founder Sriram Raghavan. The company operated as a social enterprise focused on deploying information and communication technology (ICT) to deliver services in rural and semi-urban areas of India.

The core of Comat's business was providing e-governance solutions, acting as a bridge between governmental bodies and citizens. Its business model centered on establishing a network of Rural Business Centers, which served as kiosks for delivering a variety of services. These services included Government-to-Citizen (G2C) and Business-to-Consumer (B2C) offerings. For revenue, the company charged a fee per transaction, a portion of which was shared with the state government.

Among its significant achievements, Comat was involved in the digitization of over 20 million land records in Karnataka through the 'Bhoomi' project, directly benefiting millions of farmers. The company also executed 'Project Nemmadi', setting up telecenters to provide essential government services to rural populations. Services offered through its centers included the issuance of land records and various certificates, management of ration cards, electoral services, and access to financial and insurance services. At one point, the company was serving over 75,000 citizens daily through approximately 1,500 centers.

Throughout its operation, Comat secured significant funding to fuel its expansion across India. It raised a total of $22.7 million over three rounds from investors including Intel Capital, Avigo Capital Partners, Omidyar Network, and Elevar Equity. A major milestone in the company's history was its acquisition by Glodyne Technoserve, a Mumbai-based IT services firm, in June 2011. According to public records, the company is now under liquidation.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
1996
Headquarters
Bengaluru, India
Employees
155
Open positions
None listed
Dealroom signal
37.0/100
Industry
Event Tech
Sector
Event Tech, Information Technology
Client focus
b2c
Investment activity
1 company, latest Jun 2022
Capital deployed
$11M
Preferred round
SERIES A

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Jun 2011 $0 — Undisclosed —
SERIES C✓Equity / VC Oct 2008 $15M $60M Omidyar Network India · Omidyar Network · Elevar Equity —
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Growth signals

Comat Technologies website traffic

Latest recorded traffic for Comat Technologies is 30 monthly website visits. Comat Technologies's team grew 10.7% over the past year.

Latest monthly visits30 1-year team growth+10.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

Series B and later3 investors entered at this stage

Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇮🇳 India93.8%
🇮🇹 Italy6.3%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Comat Technologies on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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