About HiWi
HiWi is a company based in Mumbai (India) founded in 2022 by Dewang Neralla, Geeta Chauhan, and Ujwal Tamminedi.. HiWi has raised $3.78 million across 3 funding rounds from investors including Unicorn India Ventures, Ritesh Malik and Mitesh Shah. The company has 1 employees as of April 06, 2024. HiWi offers products and services including Money Transfer Service and Education Loan Service. HiWi operates in a competitive market with competitors including Wise, Auxilo, Eduvanz, Western Union and InstaReM, among others.
- Headquarter Mumbai, India
- Employees 1 as on 06 Apr, 2024
- Founders Dewang Neralla, Geeta Chauhan, Ujwal Tamminedi
- Stage Minicorn
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Sectors
Financial ServicesEducation
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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 Hiwi Forex Transaction Services Private Limited
- Date of Incorporation 23 May, 2022
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$18.49 K (USD)0as on Mar 31, 2023
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Net Profit
$-127.77 K (USD)0as on Mar 31, 2023
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EBITDA
$-145.21 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$3.78 M (USD)
in 3 rounds
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Latest Funding Round
$2 M (USD), Seed
Feb 26, 2025
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Investors
Unicorn India Ventures
& 7 more
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Employee Count
1
as on Apr 06, 2024
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Products & Services of HiWi
HiWi offers a comprehensive portfolio of products and services, including Money Transfer Service and Education Loan Service. 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.
Enables quick international money transfers with no fees.
Matches students with lenders for education loans up to INR 1 Crore.
Funding Insights of HiWi
HiWi has successfully raised a total of $3.78M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in February 2025. 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 3
- Last Round Seed — $2.0M
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First Round
First Round
(17 Sep 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Seed - HiWi | Valuation | Unicorn India Ventures | |
| Oct, 2023 | Amount | Seed - HiWi | Valuation | Unicorn India Ventures , Unmaj |
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| Sep, 2022 | Amount | Seed - HiWi | Valuation | Unicorn India Ventures |
| 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 HiWi
HiWi has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Unicorn India Ventures, Ritesh Malik and Mitesh Shah. 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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Venture capital firm offering seed funding and support to startups in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Family wealth and investments are managed by Unmaj in Ahmedabad.
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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 HiWi
| 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 - HiWi
| 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 |
Hiwi Comparisons
Competitors of HiWi
HiWi 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 Wise, Auxilo, Eduvanz, Western Union and InstaReM, 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 |
Cross-border remittances are enabled for individuals and businesses via apps.
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| domain | founded_year | HQ Location |
Financial products for education loans and services are provided.
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| domain | founded_year | HQ Location |
Financial assistance is provided for education, career, and skills development.
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| domain | founded_year | HQ Location |
Provider of remittance services
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| domain | founded_year | HQ Location |
Cross-border money transfers are facilitated for individuals and businesses.
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| domain | founded_year | HQ Location |
Education loan marketplace and study abroad support are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Hiwi
Frequently Asked Questions about HiWi
When was HiWi founded?
HiWi was founded in 2022.
Where is HiWi located?
HiWi is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of HiWi?
Dewang Neralla is the current CEO of HiWi. They have also founded this company.
Is HiWi a funded company?
HiWi is a funded company, having raised a total of $3.78M across 3 funding rounds to date. The company's 1st funding round was a Seed of $908.78K, raised on Sep 17, 2022.
How many employees does HiWi have?
As of Apr 06, 2024, the latest employee count at HiWi is 1.
What is the annual revenue of HiWi?
Annual revenue of HiWi is $18.49K as on Mar 31, 2023.
What does HiWi do?
HiWi was founded in 2022 in Mumbai, India, as a provider of fintech services targeted at international students. Operations focus on digital channels for debit card issuance, online payments and transactions, student loans, automated reconciliation, remittances, and transaction reporting. The platform facilitates secure financial management for users studying abroad.
What products or services does HiWi offer?
HiWi offers Money Transfer Service and Education Loan Service.
Who are HiWi's investors?
HiWi has 8 investors. Key investors include Unicorn India Ventures, Ritesh Malik, Mitesh Shah, Nilesh Doshi, and Jupiter Metaverse.
What is HiWi's valuation?
The valuation of HiWi is $3.87M as of Sep 2022.