Foradian has never had any institutional investor. “We don't have any institutional investors in our company. Around 75 lakh was raised over a period of time from the relatives of two co-founders to meet the expense of the company in first two years. We are right now running in good profit. So we are not desperate for money at the moment. But discussions are in progress to raise funds to enhance our scaling,” says Arun Ravindran, Co-founder, Foradian Technologies.

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One major reason for Fedena to flourish in the Indian market is primarily because of their low cost strategy despite cut throat competition. “We have thousands of competitors. Both small and big. If you go to any small city, there will be a software company selling school management system. Or take the case of Giants like Oracle and SAP. They also sell ERP Software for schools. But charge millions of dollars. Fedena provides quality ERP software for education institutions in the price of your nearby software company,” said Koroth in this exclusive interview.

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