About Indix
Indix is a company based in Seattle (United States) founded in 2010 was acquired by Avalara in February 2019.. Indix has raised $29.99 million across 5 funding rounds from investors including Avalara, Nexus Venture Partners and NGP Capital. The company has 69 employees as of December 31, 2019. Indix operates in a competitive market with competitors including SPINS, Intelligence Node, Crisp, Wiser and Daasity, among others.
- Headquarter Seattle, United States
- Employees 69 as on 31 Dec, 2019
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Sectors
RetailTechnology
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Phone
*********
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Website
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Social
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Software Development Team
168 people
Leadership Team
61 people
Product Management Team
58 people
Senior Team
50 people
Customer Team
50 people
Sales and Marketing
43 people
Legal and Compliance
32 people
Data Analysis and Operations Team
18 people
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Funding Insights of Indix
Indix has successfully raised a total of $29.99M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in June 2015. 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 5
- Last Round Series B — $15.0M
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First Round
First Round
(06 Oct 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Series B - Indix | Valuation | NGP Capital | |
| Apr, 2014 | Amount | Series A - Indix | Valuation |
investors |
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| Apr, 2013 | Amount | Series A - Indix | 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 Indix
Indix has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Avalara, Nexus Venture Partners and NGP Capital. 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 focused on B2B companies
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Founded Year | Domain | Location | |
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location | |
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Seed and early-stage venture capital is provided to US companies.
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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 Indix
| 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 - Indix
| 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 |
Indix Comparisons
Competitors of Indix
Indix 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 SPINS, Intelligence Node, Crisp, Wiser and Daasity, 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 |
Retail consumer analytics services are provided for natural products sector.
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| domain | founded_year | HQ Location |
AI-powered analytics tools are offered for retail pricing strategies.
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| domain | founded_year | HQ Location |
Business analytics software is provided for CPG retailers and suppliers.
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| domain | founded_year | HQ Location |
Price intelligence and optimization software is provided for e-commerce retailers.
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| domain | founded_year | HQ Location |
eCommerce analytics platform is provided for online sellers.
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| domain | founded_year | HQ Location |
SaaS-based promotion software is offered for retail testing.
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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 Indix
Frequently Asked Questions about Indix
When was Indix founded?
Indix was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Indix located?
Indix is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is Indix a funded company?
Indix is a funded company, having raised a total of $29.99M across 5 funding rounds to date. The company's 1st funding round was a Series A of $5.99M, raised on Oct 06, 2011.
How many employees does Indix have?
As of Dec 31, 2019, the latest employee count at Indix is 69.
What does Indix do?
Indix is building an index for over 1 billion consumer products in the world. Claims to have a coverage on products across all retail vertical except auto, books and musics with 10,000 product attributes to classify them. On top of its product database, Indix offers customized apps and APIs for retailers to tap into the platform and gain real time insights based on their preferences. Has 20 customers across brands, technology firms and merchants.
Who are the top competitors of Indix?
Indix's top competitors include Intelligence Node, Peak and Eversight.
Who are Indix's investors?
Indix has 4 investors. Key investors include Avalara, Nexus Venture Partners, NGP Capital, and Avalon Ventures.