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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- 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.
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.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provides comprehensive vehicle loan services to individuals.
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Locked | Locked | Locked | |
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Automobiles and vehicles are manufactured and sold globally by Volkswagen.
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Locked | Locked | Locked | |
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KR
K Ramesh |
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Locked | Locked | Locked |
Investor details for Kuwy
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Investments & Acquisitions by Kuwy
Investment portfolio details for Kuwy
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Financial Statements - Kuwy
Detailed financials for Kuwy
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Kuwy Comparisons
Peer comparison for Kuwy
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Competitors of Kuwy
Detailed competitors of Kuwy
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Latest news on Kuwy
Complete news archive for Kuwy
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Frequently Asked Questions about Kuwy
Kuwy was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Kuwy is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Balakrishnan Ganesh Kumar is the current CEO of Kuwy.
Kuwy is a funded company, having raised a total of $7.02M across 3 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Kuwy is 429.
Annual revenue of Kuwy is $12.76M as on Mar 31, 2023.
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.
Kuwy offers Kuwy Prime and KuwyLaas.
Kuwy has 7 investors. Key investors include Volkswagen, Volkswagen Finance, K Ramesh, Kameswaran K C, and Balakrishnan Ganesh Kumar.
The valuation of Kuwy is $19.32M as of Jan 2021.