About Flite
Flite is a company based in New York (United States) founded in 2022 by Suvir Wadhwa. It operates as a SaaS (Software-as-a-Service). Flite has raised $125 thousand across 2 funding rounds from investors including Vedant Mahajan and LAUNCH Accelerator. Flite offers products and services including Flite OS. Flite operates in a competitive market with competitors including Discotech, Bevvy, Up All Night, Galavantier and E11EVEN Miami, among others.
- Headquarter New York, United States
- Founders Suvir Wadhwa
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Flite City Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$125 K (USD)
in 2 rounds
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Latest Funding Round
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Investors
LAUNCH Accelerator
& 1 more
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Employee Count
Employee Count
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Products & Services of Flite
Flite offers a comprehensive portfolio of products and services, including Flite OS. 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.
Platform for creators to manage and grow brands.
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Funding Insights of Flite
Flite has successfully raised a total of $125K across 2 strategic funding rounds. 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 Last Round
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First Round
First Round
(08 Mar 2024)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Seed - Flite | Valuation |
investors |
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| Mar, 2024 | Amount | Seed - Flite | 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 Flite
Flite has secured backing from 2 investors, including angel and venture fund investors. Prominent investors backing the company include Vedant Mahajan and LAUNCH Accelerator. 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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A startup accelerator program is offered to early-stage founders.
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Founded Year | Domain | Location | |
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VM
Vedant Mahajan |
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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 Flite
| 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 - Flite
| 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 |
Flite Comparisons
Competitors of Flite
Flite 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 Discotech, Bevvy, Up All Night, Galavantier and E11EVEN Miami, 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 |
Nightlife discovery platform
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| domain | founded_year | HQ Location |
Tickets for nightlife events are booked through a dedicated platform.
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| domain | founded_year | HQ Location |
Nightlife events are discovered and tickets bought through subscription platform.
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| domain | founded_year | HQ Location |
Nightlife events are discovered, tickets purchased, and services booked online.
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| domain | founded_year | HQ Location |
24-hour ultraclub in Miami with nightlife, events, and dining experiences.
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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 Flite
When was Flite founded?
Flite was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Flite located?
Flite is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Flite?
Suvir Wadhwa is the current CEO of Flite. They have also founded this company.
Is Flite a funded company?
Flite is a funded company, having raised a total of $125K across 2 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Mar 08, 2024.
What does Flite do?
Flite is designed as an operating system for creators, enabling them to monetize outside traditional feeds. Automation of deals, events, and earnings is provided through a unified platform. Solutions are tailored for brand growth and event management within the creative industry.
Who are the top competitors of Flite?
Flite's top competitors include Discotech, Bevvy and Galavantier.
What products or services does Flite offer?
Flite offers Flite OS.
Who are Flite's investors?
Flite has 2 investors. Key investors include Vedant Mahajan, and LAUNCH Accelerator.