Bengaluru-based IT startup Technodysis has secured Rs 10 crore in debt funding from Recur Club, a debt marketplace catering to startups and SMEs. The funding is a combination of secured and unsecured debt, strategically structured across the fiscal years 2023 and 2024.
According to a company press release, the capital infusion will be directed toward scaling operations, expanding product offerings, and strengthening its foothold in key international markets.
Driving Technological Innovation and Expansion
Founded in 2020 by Nithyananda Nayak, Technodysis specializes in a wide spectrum of IT services, including software development, cloud computing, cybersecurity, data analytics, and AI-driven applications. The company has expanded its reach globally, establishing offices in the United States, the United Kingdom, and Dubai, in addition to its headquarters in India.
Technodysis prides itself on leveraging cutting-edge technology to facilitate digital transformation and enhance business operations. With a focus on delivering customized solutions, the company aims to drive operational efficiency and foster innovation for its diverse clientele.
A Strategic Partnership for Growth
“It’s inspiring to witness Technodysis’s rapid growth. We aim to empower high-potential startups like Technodysis with the financing they need to succeed. This partnership exemplifies our commitment to fostering innovation and supporting the scaling of technology solutions,” said Eklavya Gupta, Co-founder & CEO of Recur Club.
Robust Financial Growth and Future Projections
Technodysis has demonstrated remarkable financial growth, increasing its revenue from Rs 6 lakh in FY 2021 to Rs 20.25 crore in FY 2024. Looking ahead, the company projects revenue of Rs 35 crore for FY 2025 and aims to achieve Rs 200 crore over the next three years.
With this latest funding, Technodysis is well-positioned to accelerate its global expansion and continue delivering transformative technology solutions to its growing client base.
