About Cove
Cove is a company based in Singapore (Singapore) founded in 2015 by Sudheendra S, Pawan Gandhi, and Justin Chok Sung Tang was acquired by boAt in January 2022. It operates as a Product-as-a-Service, and Private Labeling / White Label. Cove has raised $10.7 million across 2 funding rounds from investors including boAt, Titan Company and YourNest. The company has 67 employees as of April 08, 2024. Cove offers products and services including Smart Watches, Fitness Bands, and Platform Solutions. Cove operates in a competitive market with competitors including MindPirate, Cronologics Corporation, Organic Code, Pujie Black and Oceanleap, among others.
- Headquarter Singapore, Singapore
- Employees 67 as on 08 Apr, 2024
- Founders Sudheendra S, Pawan Gandhi, Justin Chok Sung Tang
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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 Kaha Pte Ltd
- Date of Incorporation 04 May, 2016
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$1.93 M (USD)58.83as on Mar 31, 2023
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Net Profit
$180.65 K (USD)198.51as on Mar 31, 2023
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EBITDA
$238.85 K (USD)117.27as on Mar 31, 2023
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Total Equity Funding
$10.7 M (USD)
in 2 rounds
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Latest Funding Round
$6.2 M (USD), Series B
May 20, 2019
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Investors
boAt
& 8 more
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Employee Count
67
as on Apr 08, 2024
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Acquired by
boAt
(Jan 14, 2022)
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Products & Services of Cove
Cove offers a comprehensive portfolio of products and services, including Smart Watches, Fitness Bands, and Platform Solutions. 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.
Smart watches are offered for fitness and wellness tracking.
Fitness bands are provided for monitoring health and activity.
IoT platform solutions are developed for wearable integration.
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Funding Insights of Cove
Cove has successfully raised a total of $10.7M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $6.2 million completed in May 2019. 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 2
- Last Round Series B — $6.2M
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First Round
First Round
(07 Nov 2017)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Series B - Cove | Valuation | ICT Fund | |
| Nov, 2017 | Amount | Series A - Cove | Valuation | Metals International |
| 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 Cove
Cove has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include boAt, Titan Company and YourNest. 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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Founded Year | Domain | Location | |
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Early-stage DeepTech venture capital funding and support services in India.
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Founded Year | Domain | Location | |
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Venture capital investments in early and growth-stage companies across Southeast Asia and India, focusing on technology sectors.
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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 Cove
| 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 - Cove
| 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 |
Cove Comparisons
Competitors of Cove
Cove 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 MindPirate, Cronologics Corporation, Organic Code, Pujie Black and Oceanleap, 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 |
Platform for wearble & IoE (Internet of Everything) app development & distribution
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| domain | founded_year | HQ Location |
Wearable technology platform for developing device applications is offered.
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| domain | founded_year | HQ Location |
Develops VR, AR, wearables, and APIs for healthtech, medical training, and decision-making tools.
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| domain | founded_year | HQ Location |
Provides comprehensive smart watch solutions for consumers.
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| domain | founded_year | HQ Location |
Develops platforms for activity and wearables app creation.
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| domain | founded_year | HQ Location |
Offers technology to monitor health parameters by analyzing light from human veins.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Cove
Frequently Asked Questions about Cove
When was Cove founded?
Cove was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Cove located?
Cove is headquartered in Singapore, Singapore.
Who is the current CEO of Cove?
Pawan Gandhi is the current CEO of Cove. They have also founded this company.
Is Cove a funded company?
Cove is a funded company, having raised a total of $10.7M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.5M, raised on Nov 07, 2017.
How many employees does Cove have?
As of Apr 08, 2024, the latest employee count at Cove is 67.
What is the annual revenue of Cove?
Annual revenue of Cove is $1.93M as on Mar 31, 2023.
What does Cove do?
Cove is established as an end-to-end IoT platform specializing in smart wearables. Solutions are provided across the value chain, from design and engineering to cloud applications and after-sales support. The company operates in sectors like fitness, wellness, sports, healthcare, and digital payments. Tailored vertical solutions are offered to brands for quick market entry. Innovation is driven through AI, patents, and scalable cloud systems. Partnerships are fostered to reinvent businesses with differentiated wearable products.
Who are the top competitors of Cove?
Cove's top competitors include Cronologics Corporation, MindPirate and Organic Code.
What products or services does Cove offer?
Cove offers Smart Watches, Fitness Bands, and Platform Solutions.
Who are Cove's investors?
Cove has 9 investors. Key investors include boAt, Titan Company, YourNest, ICT Fund, and Pritt & Co.
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