About Alcove
Alcove is a company based in Kolkata (India) founded in 2018 was acquired by Rendever in January 2023. It operates as a SaaS (Software-as-a-Service), and HealthTech. Alcove offers products and services including Alcove VR App and Rendever VR Platform. Alcove operates in a competitive market with competitors including Pluto, Humense, Adawarp, Habytat and e.com, among others.
- Headquarter Kolkata, India
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Sectors
Technology
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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 Rendever, Inc.
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Products & Services of Alcove
Alcove offers a comprehensive portfolio of products and services, including Alcove VR App and Rendever VR Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A family-oriented VR app for social connection.
VR platform for seniors to combat isolation.
Funding Insights of Alcove
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Alcove
Alcove has secured backing from 1 investor. Prominent investors backing the company include Rendever. 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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Virtual reality platform is provided for elderly care.
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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Alcove
| 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 - Alcove
| 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 |
Alcove Comparisons
Competitors of Alcove
Alcove 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 Pluto, Humense, Adawarp, Habytat and e.com, 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 |
A platform is provided for streaming and playing VR games.
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| domain | founded_year | HQ Location |
A communication platform utilizing volumetric video is provided by Humense.
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| domain | founded_year | HQ Location |
Robots are controlled remotely via VR for long-distance telepresence.
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| domain | founded_year | HQ Location |
A horizontal metaverse platform is developed for diverse applications.
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| domain | founded_year | HQ Location |
Virtual reality social networking and encrypted messaging services are offered.
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| domain | founded_year | HQ Location |
Provides a virtual reality-based dating app for user connections.
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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 Alcove
When was Alcove founded?
Alcove was founded in 2018.
Where is Alcove located?
Alcove is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
What does Alcove do?
Alcove, operated by Rendever, Inc., is a virtual reality platform designed to combat social isolation, particularly for seniors aging at home. It offers a family-oriented VR app that enables users to connect with loved ones through shared experiences like games, travel, and media. Additionally, the Rendever VR platform is tailored for senior living and healthcare settings, providing tools to enhance resident engagement and overcome physical and social barriers. Solutions are provided across sectors such as senior living, veterans affairs, and physical therapy clinics, with a focus on creating meaningful virtual experiences.
What products or services does Alcove offer?
Alcove offers Alcove VR App and Rendever VR Platform.
Who are Alcove's investors?
Alcove has 1 investor. Key investors include Rendever.