About 6Degree
6Degree is a company based in Bengaluru (India) founded in 2014 by Nikhil Berger and Nikhil Hegde.. 6Degree has raised $4.06 million across 9 funding rounds from investors including 1Crowd, Appyhigh and SucSEED. The company has 72 employees as of March 27, 2024. 6Degree operates in a competitive market with competitors including Cart.com, Zubale, BigCommerce, AnyMind Group and Unicommerce, among others.
- Headquarter Bengaluru, India
- Employees 72 as on 27 Mar, 2024
- Founders Nikhil Berger, Nikhil Hegde
- Stage Minicorn
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Sectors
RetailTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Protinus Fashion Networking Private Limited
- Date of Incorporation 15 Jul, 2015
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$1.52 M (USD)30.56as on Mar 31, 2022
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Net Profit
$-450.08 K (USD)12.65as on Mar 31, 2022
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EBITDA
$-440.07 K (USD)10.95as on Mar 31, 2022
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Total Equity Funding
$4.06 M (USD)
in 9 rounds
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Latest Funding Round
$182.31 K (USD), Series A
May 06, 2023
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Investors
1Crowd
& 52 more
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Employee Count
72
as on Mar 27, 2024
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Funding Insights of 6Degree
6Degree has successfully raised a total of $4.06M across 9 strategic funding rounds. The most recent funding activity was a Series A round of $182.31 thousand completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series A — $182,312
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First Round
First Round
(12 Nov 2015)
- Investors Count 53
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series A - 6Degree | Valuation | Divitira Investments | |
| May, 2022 | Amount | Seed - 6Degree | Valuation | SucSEED Indovation , 1Crowd | |
| May, 2021 | Amount | Seed - 6Degree | Valuation | SucSEED Indovation , Keiretsu Forum |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 6Degree
6Degree has secured backing from 53 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include 1Crowd, Appyhigh and SucSEED. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment in early to growth-stage tech startups across various sectors.
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Founded Year | Domain | Location | |
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Angel network focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital and support services for startups in emerging technologies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 6Degree
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 6Degree
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
6Degree Comparisons
Competitors of 6Degree
6Degree operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cart.com, Zubale, BigCommerce, AnyMind Group and Unicommerce, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Software suite solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Platform offering retail sales enablement and reward software
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| domain | founded_year | HQ Location |
SaaS-based software suites for e-commerce operations are provided.
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| domain | founded_year | HQ Location |
Platforms for e-commerce, marketing, and manufacturing are provided.
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| domain | founded_year | HQ Location |
Provider of e-commerce enablement platform automating order processing, inventory, warehouse, and shipping
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| domain | founded_year | HQ Location |
Software suite solutions are provided for brands and e-commerce businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 6Degree
When was 6Degree founded?
6Degree was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is 6Degree located?
6Degree is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of 6Degree?
Nikhil Hegde is the current CEO of 6Degree. They have also founded this company.
Is 6Degree a funded company?
6Degree is a funded company, having raised a total of $4.06M across 9 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Nov 12, 2015.
How many employees does 6Degree have?
As of Mar 27, 2024, the latest employee count at 6Degree is 72.
What is the annual revenue of 6Degree?
Annual revenue of 6Degree is $1.52M as on Mar 31, 2022.
What does 6Degree do?
Founded in 2014 in Bengaluru, India, 6Degree operates as an e-commerce growth enablement platform. End-to-end solutions are offered to lifestyle retail brands for managing online businesses. Services encompass marketing, sales, and operations, with assistance provided to connect brands with customers. The platform focuses on the e-commerce sector, supporting digital operations for retail entities.
Who are the top competitors of 6Degree?
6Degree's top competitors include CommerceIQ, Global-e and Cart.com.
Who are 6Degree's investors?
6Degree has 53 investors. Key investors include 1Crowd, Appyhigh, SucSEED, SucSEED Indovation, and CIBA.
What is 6Degree's valuation?
The valuation of 6Degree is $10.86M as of May 2023.
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