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Developer of a cloud-based learning management platform designed to improve human capital in engineering and technical education. The company's platform provides digital learning resources blended with effective educational pedagogies to improve the efficiency and effectiveness of the classroom teaching, enhance education and prepare students for the global academic and economic competition, enabling higher education students improve academic performance, skill development and job placements.
Last updated
In 2024, Ulektz's revenue reached $7.3M. The company previously reported $5.9M in 2024. Since its launch in 2016, Ulektz has shown consistent revenue growth.
Ulektz is a bootstrapped SaaS startup. Founded in 2016, Ulektz has grown to $7.3M in revenue without raising any venture capital or outside funding.
As a self-funded SaaS company, Ulektz has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|
CEO
Starting career as an educational entrepreneur, Sadiq has 20+ years of experience in IT and ITES companies ranging from startups to multinationals such as HP, Microsoft Corporation and Zoho. His passion for creating positive social impact through technology and education, pushed him to become an education technology consultant. For over a decade, Sadiq has been working with various colleges, universities and ministries of education both in India and abroad to help them leverage innovative digital technologies and effective educational pedagogies to enhance academic effectiveness, improve administrative efficiencies, ensure students’ success and stay ahead of education transformation challenges. He has extensively travelled to more than 20 countries to present and demonstrate ICT/eLearning solutions for education, and deliver tech talks on various international educational conferences, seminars and workshops.
| Question | Answer |
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| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Ulektz serves 2.5K customers.
Ulektz employs approximately 51 people as of 2026, down from 67 in 2023. It serves 2.5K customers that rely on its solutions.
Ulektz generates $7.3M in revenue.
Ulektz was founded by Mohammed Sadiq.
The CEO of Ulektz is Mohammed Sadiq.
Ulektz is bootstrapped and has not raised outside funding.
Ulektz has 51 employees.
Ulektz is headquartered in Chennai, Tamil Nadu, India.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$7.3M
Customers
2.5K
Funding
$0
Avg ACV
$2.9K
Team
51
Founded
2016
| Year | Milestone | Source |
|---|---|---|
| 2024 | Ulektz Hit $7.3m revenue in November 2024 | |
| 2024 | Ulektz Hit $5.9m revenue in October 2024 | Estimated |
| 2023 | Ulektz Hit $4m revenue in December 2023 | Estimated |
| 2021 | Ulektz Hit $2.2m revenue in April 2021 | |
| 2016 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 51 employees (December 2024) | |
| 2024 | Reached 46 employees (October 2024) | |
| 2023 | Reached 67 employees (December 2023) | |
| 2022 | Reached 61 employees (December 2022) | |
| 2021 | Reached 44 employees (December 2021) | |
| 2021 | Reached 31 employees (April 2021) |
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