Technodysis secures Rs 10 Cr in debt from Recur Club

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Technodysis secures Rs 10 Cr in debt from Recur Club Bengaluru-based IT startup Technodysis has secured Rs 10 crore in debt funding from Recur Club, a debt marketplace for startups and SMEs. This funding is intricately structured, blending both secured and unsecured debt, spanning the fiscal years 2023 and 2024. The proceeds will be utilized to enhance its ability to scale operations, develop product offerings, and strengthen its presence in key international markets, Technodysis said in a press release. Founded in 2020 by Nithyananda Nayak, Technodysis specializes in a range of IT services, including software development, cloud computing, cybersecurity, data analytics, and AI applications. With a growing footprint, it has expanded to establish offices in the United States, the United Kingdom, and Dubai, in addition to its headquarters in India. Technodysis states that it leverages cutting-edge technology to drive digital transformation and optimize business operations. It continues to focus on delivering tailored solutions that enhance operational efficiency and foster innovation across a diverse client base. "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. Technodysis has escalated 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, with a target of achieving Rs 200 crore over the next three years.