About Kuwy
Kuwy is a company based in Chennai (India) founded in 2017 was acquired by Volkswagen Finance in January 2021.. Kuwy has raised $7.02 million across 3 funding rounds from investors including Volkswagen, Volkswagen Finance and K Ramesh. The company has 429 employees as of April 08, 2024. Kuwy offers products and services including Kuwy Prime and KuwyLaas.
- Headquarter Chennai, India
- Employees 429 as on 08 Apr, 2024
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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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 Kuwy Technology Service Private Limited
- Date of Incorporation 22 Aug, 2017
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$12.76 M (USD)372.83as on Mar 31, 2023
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Net Profit
$-7.05 M (USD)-99.8as on Mar 31, 2023
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EBITDA
$-6.49 M (USD)-92.99as on Mar 31, 2023
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Total Equity Funding
$7.02 M (USD)
in 3 rounds
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Latest Funding Round
$3.53 M (USD), Seed
Jan 29, 2021
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Investors
Volkswagen
& 6 more
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Employee Count
429
as on Apr 08, 2024
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Acquired by
Volkswagen Finance
(Jan 05, 2021)
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Products & Services of Kuwy
Kuwy offers a comprehensive portfolio of products and services, including Kuwy Prime and KuwyLaas. 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.
Loan approval processes are streamlined by allowing lenders to access customer information for efficient used car finance solutions.
Cars are browsed online and loans are approved virtually, facilitating connections between customers and lenders in the automotive ecosystem.
Funding Insights of Kuwy
Kuwy has successfully raised a total of $7.02M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $3.53 million completed in January 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 3
- Last Round Seed — $3.5M
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First Round
First Round
(01 Jul 2019)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Seed - Kuwy | Valuation | Volkswagen Finance |
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| Sep, 2019 | Amount | Seed - Kuwy | Valuation | Volkswagen |
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| Jul, 2019 | Amount | Seed - Kuwy | Valuation | K Ramesh , Kameswaran K C |
| 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 Kuwy
Kuwy has secured backing from 7 investors, including institutional and angel investors. Prominent investors backing the company include Volkswagen, Volkswagen Finance and K Ramesh. 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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Provides comprehensive vehicle loan services to individuals.
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Founded Year | Domain | Location | |
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Automobiles and vehicles are manufactured and sold globally by Volkswagen.
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Founded Year | Domain | Location | |
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KR
K Ramesh |
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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
|
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 Kuwy
| 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 - Kuwy
| 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 |
Kuwy Comparisons
Competitors of Kuwy
| 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 Kuwy
When was Kuwy founded?
Kuwy was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Kuwy located?
Kuwy is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Kuwy?
Balakrishnan Ganesh Kumar is the current CEO of Kuwy.
Is Kuwy a funded company?
Kuwy is a funded company, having raised a total of $7.02M across 3 funding rounds to date. The company's 1st funding round was a Seed of $240.3K, raised on Jul 01, 2019.
How many employees does Kuwy have?
As of Apr 08, 2024, the latest employee count at Kuwy is 429.
What is the annual revenue of Kuwy?
Annual revenue of Kuwy is $12.76M as on Mar 31, 2023.
What does Kuwy do?
Kuwy was founded in 2017 in Chennai, India, within the fintech sector focused on automotive loans. An app-based platform is utilized to enable loan applications for new and pre-owned vehicles. Digital verification of applications is conducted, and connections are established between borrowers, dealerships, lenders, and OEMs. The service operates on iOS and Android devices.
What products or services does Kuwy offer?
Kuwy offers Kuwy Prime and KuwyLaas.
Who are Kuwy's investors?
Kuwy has 7 investors. Key investors include Volkswagen, Volkswagen Finance, K Ramesh, Kameswaran K C, and Balakrishnan Ganesh Kumar.
What is Kuwy's valuation?
The valuation of Kuwy is $19.32M as of Jan 2021.