About Cubeit
Cubeit is a company based in Bengaluru (India) founded in 2012 was acquired by Myntra in July 2016.. Cubeit has raised $3 million across 1 funding round from investors including Myntra, Accel and Helion Venture Partners. Cubeit operates in a competitive market with competitors including Clickup, Cleo, Glean, SPS Commerce and Happeo, among others.
- Headquarter Bengaluru, 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
*********
- Legal Name Grid Ant Technologies Private Limited
- Date of Incorporation 06 Aug, 2012
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
$492.78 (USD)-99.69as on Mar 31, 2018
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Net Profit
$-9.15 K (USD)-949.04as on Mar 31, 2018
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EBITDA
$-4.72 K (USD)-145.55as on Mar 31, 2018
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Total Equity Funding
$3 M (USD)
in 1 rounds
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Latest Funding Round
$3 M (USD), Seed
Sep 02, 2014
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Investors
Myntra
& 2 more
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Employee Count
Employee Count
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Acquired by
Myntra
(Jul 11, 2016)
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Funding Insights of Cubeit
Cubeit has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Seed round of $3 million completed in September 2014. 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 1
- Last Round Seed — $3.0M
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First Round
First Round
(02 Sep 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2014 | Amount | Seed - Cubeit | Valuation |
investors |
| 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 Cubeit
Cubeit has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Myntra, Accel and Helion Venture Partners. 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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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Early to late-stage venture capital is invested in Indian sectors.
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Founded Year | Domain | Location | |
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Fashion and lifestyle products are offered via an online marketplace.
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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 Cubeit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Cubeit
| 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 |
Cubeit Comparisons
Competitors of Cubeit
Cubeit 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 Clickup, Cleo, Glean, SPS Commerce and Happeo, 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 |
Cloud based project management platform
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| domain | founded_year | HQ Location |
Cleo is recognized for providing supply chain integration solutions.
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| domain | founded_year | HQ Location |
Cloud-based platform for enterprise search
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| domain | founded_year | HQ Location |
Software suite solutions for retail supply chain are provided.
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| domain | founded_year | HQ Location |
Enterprise social networking platform
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| domain | founded_year | HQ Location |
Cloud-based platform for knowledge management and team collaboration is provided.
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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 Cubeit
Frequently Asked Questions about Cubeit
When was Cubeit founded?
Cubeit was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Cubeit located?
Cubeit is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Cubeit a funded company?
Cubeit is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Seed of $3M, raised on Sep 02, 2014.
What is the annual revenue of Cubeit?
Annual revenue of Cubeit is $492.78 as on Mar 31, 2018.
What does Cubeit do?
Cubeit (rebranded from Gridants) offers a productivity tool that allows users to collect data, organize, share and save it. The tool converts data into cards which allow users to easily save and share data. Uses a proprietary algorithm to collect data from multiple sources automatically. It also users to search for data based on context. Had raised 3M in funding from Accel Partners and Helion VC as Gridants (platform for IoT applications) before pivoting to a productivity tool. Acquired by Myntra in July 2016 for an undisclosed amount.
Who are the top competitors of Cubeit?
Cubeit's top competitors include Clickup, SPS Commerce and Glean.
Who are Cubeit's investors?
Cubeit has 3 investors. Key investors include Myntra, Accel, and Helion Venture Partners.
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