Technodysis Gets Rs 10 Crore In Debt From Recur Club

Technodysis, an IT startup has raised Rs 10 crore in debt funding from Recur Club, a debt marketplace for startups and SMEs. 

This funding includes both secured and unsecured debt, covering the fiscal years 2023 and 2024.

The company said in a press release that the funds will help expand operations, develop new products and grow in key international markets.

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"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.

About Technodysis 

Founded in 2020 by Nithyananda Nayak, the Bengaluru-based Technodysis offers IT services like software development, cloud computing, cybersecurity, data analytics and AI applications. It has expanded beyond its India headquarters, opening offices in the U.S., U.K., and Dubai.

The company uses advanced technology to drive digital transformation and improve business operations. It focuses on providing customized solutions that boost efficiency and innovation for its clients.

Technodysis grew its revenue from Rs 6 lakh in FY 2021 to Rs 20.25 crore in FY 2024. The company expects to reach Rs 35 crore in FY 2025 and aims for Rs 200 crore in the next three years.

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