About Kofluence
Kofluence is a company based in Bengaluru (India) founded in 2018 by Sreeram Reddy Vanga and Ritesh Ujjwal.. Kofluence has raised $5.33 million across 2 funding rounds from investors including LetsVenture, Upsparks Capital and unknown. The company has 93 employees as of April 06, 2024.
- Headquarter Bengaluru, India
- Employees 93 as on 06 Apr, 2024
- Founders Sreeram Reddy Vanga, Ritesh Ujjwal
- Stage Minicorn
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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
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- Legal Name Kofluence Tech Private Limited
- Date of Incorporation 31 Jan, 2020
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$2.95 M (USD)271.7as on Mar 31, 2023
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Net Profit
$-895.82 K (USD)-121.28as on Mar 31, 2023
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EBITDA
$-869 K (USD)-124.79as on Mar 31, 2023
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Total Equity Funding
$5.33 M (USD)
in 2 rounds
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Latest Funding Round
$750.07 K (USD), Seed
Oct 08, 2024
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Investors
LetsVenture
& 20 more
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Employee Count
93
as on Apr 06, 2024
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Funding Insights of Kofluence
Kofluence has successfully raised a total of $5.33M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $750.07 thousand completed in October 2024. 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 Seed — $750,072
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First Round
First Round
(07 Feb 2022)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Seed - Kofluence | Valuation | unknown |
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| Feb, 2022 | Amount | Seed - Kofluence | Valuation | Nikhil Kamath |
| 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 Kofluence
Kofluence has secured backing from 21 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include LetsVenture, Upsparks Capital and unknown. 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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Micro venture capital fund focused on tech startups
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Founded Year | Domain | Location | |
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Investments are made in multi-stage tech-focused startups.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to innovative startups in India.
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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 Kofluence
| 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 - Kofluence
| 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 |
Kofluence Comparisons
Competitors of Kofluence
| 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 Kofluence
Frequently Asked Questions about Kofluence
When was Kofluence founded?
Kofluence was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Kofluence located?
Kofluence is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Kofluence?
Sreeram Reddy Vanga is the current CEO of Kofluence. They have also founded this company.
Is Kofluence a funded company?
Kofluence is a funded company, having raised a total of $5.33M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.58M, raised on Feb 07, 2022.
How many employees does Kofluence have?
As of Apr 06, 2024, the latest employee count at Kofluence is 93.
What is the annual revenue of Kofluence?
Annual revenue of Kofluence is $2.95M as on Mar 31, 2023.
What does Kofluence do?
Kofluence was founded in 2018 in Bengaluru, India, within the AI technology sector focused on influencer marketing. A platform is provided for brands and influencers to collaborate on campaigns via Instagram and Facebook. Services include planning, execution, and tracking of marketing initiatives to streamline operations. The application supports optimization of influencer engagements for business purposes.
Who are Kofluence's investors?
Kofluence has 21 investors. Key investors include LetsVenture, Upsparks Capital, unknown, Nikhil Kamath, and Kunal Shah.
What is Kofluence's valuation?
The valuation of Kofluence is $33.39M as of Oct 2024.