About Freewill
Freewill is a company based in Jaipur (India) founded in 2018 by Mohit Yadav.. Freewill has raised $13.11 million across 2 funding rounds from investors including Surge, Unilever Ventures and SCI Ventures. The company has 580 employees as of January 06, 2025. Freewill offers products and services including Order Management Service and Customer Announcement Tool.
- Headquarter Jaipur, India
- Employees 580 as on 06 Jan, 2025
- Founders Mohit Yadav
- Stage Minicorn
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Uprising Science Private Limited
- Date of Incorporation 03 May, 2018
- Jurisdiction Jaipur, Rajasthan, India
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Annual Revenue
$22.61 M (USD)67.91as on Mar 31, 2023
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Net Profit
$620.48 K (USD)-67.45as on Mar 31, 2023
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EBITDA
$593.87 K (USD)-73.5as on Mar 31, 2023
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Total Equity Funding
$13.11 M (USD)
in 2 rounds
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Latest Funding Round
$11.1 M (USD), Series A
Jul 23, 2021
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Investors
Surge
& 2 more
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Employee Count
580
as on Jan 06, 2025
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Products & Services of Freewill
Freewill offers a comprehensive portfolio of products and services, including Order Management Service and Customer Announcement Tool. 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.
Service for processing and fulfilling customer orders online.
Tool for sharing updates and handling inquiries via email.
Funding Insights of Freewill
Freewill has successfully raised a total of $13.11M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $11.1 million completed in July 2021. 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 A — $11.1M
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First Round
First Round
(24 Sep 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Series A - Freewill | Valuation | SCI Ventures | |
| Sep, 2019 | Amount | Seed - Freewill | Valuation | Surge |
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| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Freewill
Freewill has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Surge, Unilever Ventures and SCI Ventures. 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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Acceleration is provided to startups across multiple sectors by Surge.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital firm focused on consumer tech and multiple sectors
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Founded Year | Domain | Location | |
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Investments in women-led US companies are made by SCI Ventures.
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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 Freewill
| 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 - Freewill
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Freewill Comparisons
Competitors of Freewill
| 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 Freewill
When was Freewill founded?
Freewill was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Freewill located?
Freewill is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Who is the current CEO of Freewill?
Mohit Yadav is the current CEO of Freewill. They have also founded this company.
Is Freewill a funded company?
Freewill is a funded company, having raised a total of $13.11M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.02M, raised on Sep 24, 2019.
How many employees does Freewill have?
As of Jan 06, 2025, the latest employee count at Freewill is 580.
What is the annual revenue of Freewill?
Annual revenue of Freewill is $22.61M as on Mar 31, 2023.
What does Freewill do?
Freewill was founded in 2018 in Jaipur, India, as an internet-first brand in the personal care sector. Personalized shampoo and conditioner formulations are created based on user-completed hair assessments. Active ingredients such as chia seeds, acai berry, argan oil, and pea protein are selected by formulators to address specific needs. Operations focus on direct-to-consumer delivery through the companys domain.
What products or services does Freewill offer?
Freewill offers Order Management Service and Customer Announcement Tool.
Who are Freewill's investors?
Freewill has 3 investors. Key investors include Surge, Unilever Ventures, and SCI Ventures.
What is Freewill's valuation?
The valuation of Freewill is $76.87M as of Jul 2021.