About CIMET
CIMET is a company based in Sydney (Australia) founded in 2016 by Ankit Jain. CIMET has raised $26.6 million across 1 funding round from investors including iSelect. The company has 74 employees as of April 06, 2024. CIMET offers products and services including White-Label Comparison Platform, Energy Comparison Service, and Broadband Comparison Service. CIMET operates in a competitive market with competitors including PrePayPower, Love Energy Savings, WattBuy, Clarke Energia and Power2Switch, among others.
- Headquarter Sydney, Australia
- Employees 74 as on 06 Apr, 2024
- Founders Ankit Jain
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Sectors
Energy & Utilities
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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 Vconnex Private Limited
- Date of Incorporation 15 May, 2017
- Jurisdiction Jaipur, Rajasthan, India
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Annual Revenue
$783.89 K (USD)226.52as on Mar 31, 2023
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Net Profit
$74.8 K (USD)499.15as on Mar 31, 2023
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EBITDA
$121.2 K (USD)525.06as on Mar 31, 2023
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Total Equity Funding
$26.6 M (USD)
in 1 rounds
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Latest Funding Round
$26.6 M (USD), Series B
Mar 08, 2022
- Investors
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Employee Count
74
as on Apr 06, 2024
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Products & Services of CIMET
CIMET offers a comprehensive portfolio of products and services, including White-Label Comparison Platform, Energy Comparison Service, and Broadband Comparison Service.
Enables brands to integrate tools for comparing utilities and services.
Assists users in comparing energy plans and finding suitable options.
Helps compare broadband options for better connectivity deals.
People of CIMET
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Funding Insights of CIMET
CIMET has successfully raised a total of $26.6M through 1 strategic funding round. The most recent funding activity was a Series B round of $26.6 million completed in March 2022. 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.
Investors in CIMET
CIMET has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include iSelect.
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Financial products and utilities are compared online by iSelect.
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Investor details for CIMET
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Investments & Acquisitions by CIMET
Investment portfolio details for CIMET
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Financial Statements - CIMET
Detailed financials for CIMET
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Cimet Comparisons
Peer comparison for CIMET
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Competitors of CIMET
CIMET 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 PrePayPower, Love Energy Savings, WattBuy, Clarke Energia and Power2Switch, among others.
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Electricity and gas are retailed on a pay-as-you-go basis.
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Utility comparison and switching solutions are offered online.
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Electric price comparison and supplier switching solutions are provided.
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Solutions for electricity monitoring and billing are provided.
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Provider of electricity switching and comparison solutions for residential and commercial customers
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Provider of SaaS-driven utility auto-switching solutions
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Detailed competitors of CIMET
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Latest news on Cimet
Complete news archive for CIMET
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Frequently Asked Questions about CIMET
CIMET was founded in 2016 and raised its 1st funding round 6 years after it was founded.
CIMET is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Ankit Jain is the current CEO of CIMET. They have also founded this company.
CIMET is a funded company, having raised a total of $26.6M across 1 funding round to date.
As of Apr 06, 2024, the latest employee count at CIMET is 74.
Annual revenue of CIMET is $783.89K as on Mar 31, 2023.
CIMET was founded in 2016 in Sydney, Australia, as a provider in the customer experience management sector. A white-label platform is offered, featuring a real-time dashboard for automated marketing and concierge assistance, along with website customization capabilities. An end-to-end digital comparison system is included to shorten conversion times, supported by personalized rewards and loyalty programs for enhanced user engagement.
CIMET's top competitors include WattBuy, Love Energy Savings and PrePayPower.
CIMET offers White-Label Comparison Platform, Energy Comparison Service, and Broadband Comparison Service.
CIMET has 1 investor. Key investors include iSelect.