About Kwench
Kwench is a Technology company based in Mumbai (India) founded in 2008, and was acquired by O.C. Tanner in April 2019. Employee recognition and engagement are enabled through Kwench platform. Kwench has raised $735.17 thousand across 4 funding rounds from investors including SIDBI, BVC Ventures and South Yarra Holdings. The company has 1 employees. Kwench was last valued at $8.96 million in August 2015. Its Indian entity Kwench Global Technologies Private Limited reported revenue of ₹55.25 Cr. Its focus areas include Enterprise Applications, HRTech, Employee Engagement and Employee Recognition.
Company details
Kwench was founded in 2008 and is based in Mumbai, India. The platform operates in the human resources technology sector, where employee recognition, analysis, and rewards are facilitated for organizations. Features such as timely acknowledgments, performance tracking, analytics, and social recognition tools are provided. Services are utilized by clients including TechMahindra, Philips, Nestle, TVS, Yes Bank, Lenovo, and Aditya Birla to support workforce engagement.
- Headquarters Mumbai, India
- Employees 1
- Stage Acquired
- SectorsTechnology
- Website kwench.com
- Social LinkedIn
- Acquired by O.C. Tanner (Apr 2019)
- Legal Name Kwench Global Technologies Private Limited
- Date of Incorporation 02 Apr, 2008
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹55.25 Cr
FY 2019 · +34% YoY
- Net Profit₹9.41 Cr
FY 2019 · 17% margin
- EBITDA₹12.66 Cr
FY 2019 · 23% margin
- Total Equity Funding$735.17K (USD)
in 4 rounds
- Latest Funding Round$439.86K (USD), Seed
Aug 2015
- InvestorsSIDBI
& 60 more
- Employee Count1
- Acquired byO.C. Tanner
(Apr 2019)
Associated legal entities of Kwench
Kwench operates through Kwench Global Technologies Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Kwench Global Technologies Private Limited CIN U72900MH2008PTC180736 | Amalgamated | 02 Apr 2008 | Thane, Maharashtra | ₹55.2 Cr | 5 | View details |
Funding Insights of Kwench
Kwench has successfully raised a total of $735.17K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $439.86 thousand completed in August 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 $735,173
- Total Rounds 4
- Last Round Seed — $439,858
- First Round $49,433
(Apr 2009)
- Investors Count 60
All 4 funding rounds of Kwench with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2015 | $439,858 | Seed | $8.96M | Ajay Ramesh Chandra Garg, Sadhana Chadha | |
| Mar 2011 | $132,497 | Seed | $1.45M | Bhumika Ajay Garg, Ajay Ramesh Chandra Garg | |
| Oct 2009 | $113,385 | Seed | $••••• | Sunil Handa | |
| Apr 2009 | $49,433 | Seed | $••••• | Bhumika Ajay Garg, Sanron Management Services |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2015 | $8.96M | •••••••• |
| Mar 2011 | $1.45M | •••••••• |
Last known valuation $8.96M (Aug 2015). 61 investors in total: 14 institutional and 47 angel.
Investors in Kwench
Kwench has secured backing from 61 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include SIDBI, BVC Ventures and South Yarra Holdings.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial blogging, market analysis, and subscription services. | 2009 | telnetventures.com | Mumbai, India | |
Logistics, jewellery, and tech services are provided by BVC Ventures across multiple industries. | 1960 | bvcventures.com | Mumbai, India | |
Technology company focused on building bonds through software. | 2012 | graycellventures.com | Chandigarh, India | |
Multiple-stage venture capital investments are managed by Haystack. | haystack.vc | Menlo Park, United States | ||
Venture capital fund focused on multiple sectors | atmarambuilder.tcc.mode | Delhi, India | ||
Early-stage investments are made in Indian technology startups. | indiavp.com | Annapolis, United States | ||
Web & Mobile App Development and data analytics solution | 2008 | e3globalinc.com | Katy, United States | |
PE firm focused on multiple sectors | syh.co.in | Mumbai, India | ||
Clarion Technologies is engaged in custom software and AI development. | clariontech.com | Pune, India | ||
Investment and financial consulting services are provided in Delhi, India. | bflinvestmentsandfinancialconsultants.tcc.mode | Delhi, India |
Investor details for Kwench
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Kwench Global Technologies Private Limited (Kwench)
Kwench Global Technologies Private Limited is the primary company behind Kwench. The board of Kwench Global Technologies Private Limited currently have 5 directors; the longest-serving is Ty Darren Brown, appointed in 2019. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ty Darren Brown DIN 02496797 | Director | 10 Apr 2019 | 7 yrs 6 mo | Kwench Global Technologies Private Limited |
| David Allan Petersen DIN 02497346 | Director | 10 Apr 2019 | 7 yrs 6 mo | Kwench Global Technologies Private Limited |
| Scott David Sperry DIN 07453391 | Director | 10 Apr 2019 | 7 yrs 6 mo | Kwench Global Technologies Private Limited |
| Zubin Sheri Zack DIN 07004224 | Director | 10 Apr 2019 | 7 yrs 6 mo | Kwench Global Technologies Private Limited |
| Scott Nielsen Archibald DIN 07453415 | Director | 10 Apr 2019 | 7 yrs 6 mo | Kwench Global Technologies Private Limited |
Financials of Kwench
Figures of Kwench Global Technologies Private Limited, the primary company behind Kwench, for FY 2019. Revenue was ₹55.25 Cr (+34% year on year). Net profit was ₹9.41 Cr (17% margin). EBITDA was ₹12.66 Cr (23% margin). Revenue has grown at a compounded annual rate of +12% over three years and +37% over five years.
- ₹55.25 CrRevenue · FY 2019 · +34% YoY
- ₹9.41 CrNet profit · 17% margin
- ₹12.66 CrEBITDA · 23% margin
- ₹35.2 LakhPaid-up capital
- +12%Revenue CAGR, 3 years
- +37%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Kwench Global Technologies Private Limited are on its company page.
Detailed financial statements for Kwench
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Kwench
5 dated milestones of Kwench across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Kwench is founded.
- Funding First funding round of $49K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $440K.
- Exit Acquired by O.C. Tanner.
Web traffic of Kwench
The website of Kwench (kwench.com) receives about 3.3K visits a month.
- Monthly visits3.3K
▲ 152.1% vs previous month
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Frequently Asked Questions about Kwench
Kwench was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Kwench is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Kwench is a funded company, having raised a total of $735.17K across 4 funding rounds to date. The company's 1st funding round was a Seed of $49.43K, raised on Apr 2009.
Kwench has 1 employees.
The primary company behind Kwench, Kwench Global Technologies Private Limited, reported revenue of ₹55.25 Cr for FY 2019, up 34% year on year.
Kwench was founded in 2008 and is based in Mumbai, India. The platform operates in the human resources technology sector, where employee recognition, analysis, and rewards are facilitated for organizations. Features such as timely acknowledgments, performance tracking, analytics, and social recognition tools are provided. Services are utilized by clients including TechMahindra, Philips, Nestle, TVS, Yes Bank, Lenovo, and Aditya Birla to support workforce engagement.
Kwench has 61 investors. Key investors include SIDBI, BVC Ventures, South Yarra Holdings, E3 Global, and GrayCell Ventures.
The valuation of Kwench is $8.96M as of Aug 2015.
Kwench operates through Kwench Global Technologies Private Limited.
Yes. Kwench was acquired by O.C. Tanner in April 2019.
The legal entities of Kwench currently have 5 directors, including Ty Darren Brown, David Allan Petersen, Scott David Sperry and others.