About Empower Rewards
Empower Rewards is a company based in Mumbai (India) founded in 2013 by Rohit Lamba.. Empower Rewards has raised $76.4 thousand across 1 funding round from investors including PREMIA SOLUTIONZ and Rohit Lamba. The company has 66 employees as of March 23, 2024. Empower Rewards operates in a competitive market with competitors including FiveStars, Sparkfly, DataCandy, LoyLap and TapMango, among others.
- Headquarter Mumbai, India
- Employees 66 as on 23 Mar, 2024
- Founders Rohit Lamba
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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 Pramara Promotions Private Limited
- Date of Incorporation 01 Sep, 2006
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$6.15 M (USD)0as on Mar 31, 2023
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Net Profit
$267.63 K (USD)0as on Mar 31, 2023
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EBITDA
$777.57 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$76.4 K (USD)
in 1 rounds
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Latest Funding Round
$76.4 K (USD), Seed
Oct 12, 2016
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Investors
PREMIA SOLUTIONZ
& 1 more
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Employee Count
66
as on Mar 23, 2024
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Funding Insights of Empower Rewards
Empower Rewards has successfully raised a total of $76.4K through 1 strategic funding round. The most recent funding activity was a Seed round of $76.4 thousand completed in October 2016. 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 — $76,401
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First Round
First Round
(12 Oct 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Seed - Empower Rewards | Valuation | PREMIA SOLUTIONZ |
| 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 Empower Rewards
Empower Rewards has secured backing from 2 investors, including venture fund and angel investors. Prominent investors backing the company include PREMIA SOLUTIONZ and Rohit Lamba. 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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Multiple sectors are invested in by the private equity firm.
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Founded Year | Domain | Location | |
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RL
Rohit Lamba |
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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 Empower Rewards
| 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.
|
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 - Empower Rewards
| 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 |
Empower Rewards Comparisons
Competitors of Empower Rewards
Empower Rewards 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 FiveStars, Sparkfly, DataCandy, LoyLap and TapMango, 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 |
Provider of customer loyalty program which integrates with merchant POS systems
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| domain | founded_year | HQ Location |
Digital promotion platform & tracking solution
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| domain | founded_year | HQ Location |
Loyalty management platform is offered for small and medium businesses.
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| domain | founded_year | HQ Location |
Loyalty and payment solutions are delivered to small businesses digitally.
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| domain | founded_year | HQ Location |
Offers loyalty programs and online ordering for retail and restaurant businesses.
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| domain | founded_year | HQ Location |
Offers POS and customer loyalty software for small and medium businesses.
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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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Frequently Asked Questions about Empower Rewards
When was Empower Rewards founded?
Empower Rewards was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is Empower Rewards located?
Empower Rewards is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Empower Rewards?
Rohit Lamba is the current CEO of Empower Rewards. They have also founded this company.
Is Empower Rewards a funded company?
Empower Rewards is a funded company, having raised a total of $76.4K across 1 funding round to date. The company's 1st funding round was a Seed of $76.4K, raised on Oct 12, 2016.
How many employees does Empower Rewards have?
As of Mar 23, 2024, the latest employee count at Empower Rewards is 66.
What is the annual revenue of Empower Rewards?
Annual revenue of Empower Rewards is $6.15M as on Mar 31, 2023.
What does Empower Rewards do?
Empower Rewards was founded in 2013 in Mumbai, India, within the employee engagement and loyalty sector. Solutions for channel and customer loyalty are delivered, including rewards management and analytics. Customer data is tracked, with segmentation and profiling conducted to support targeted campaigns. An in-house sourcing and stocking model is maintained, covering reward inventory from small to large items. Customized catalogues featuring various reward options are supplied to clients.
Who are the top competitors of Empower Rewards?
Who are Empower Rewards's investors?
Empower Rewards has 2 investors. Key investors include PREMIA SOLUTIONZ, and Rohit Lamba.
What is Empower Rewards's valuation?
The valuation of Empower Rewards is $899.1K as of Oct 2016.