About Kwench
Kwench is a company based in Mumbai (India) founded in 2008 was acquired by O.C. Tanner in April 2019.. 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 as of April 07, 2024. Kwench operates in a competitive market with competitors including Culture Amp, Achievers, ScribbleLive, Xoxoday and Fond, among others.
- Headquarter Mumbai, India
- Employees 1 as on 07 Apr, 2024
- Stage Minicorn
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Kwench Global Technologies Private Limited
- Date of Incorporation 02 Apr, 2008
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$7.74 M (USD)34.45as on Mar 31, 2019
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Net Profit
$1.32 M (USD)804.36as on Mar 31, 2019
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EBITDA
$-1.52 M (USD)-1016.25as on Mar 31, 2019
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Total Equity Funding
$735.17 K (USD)
in 4 rounds
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Latest Funding Round
$439.86 K (USD), Seed
Aug 22, 2015
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Investors
SIDBI
& 60 more
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Employee Count
1
as on Apr 07, 2024
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Acquired by
O.C. Tanner
(Apr 14, 2019)
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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 Total Funding
- Total Rounds 4
- Last Round Seed — $439,858
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First Round
First Round
(21 Apr 2009)
- Investors Count 60
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2015 | Amount | Seed - Kwench | Valuation | Ajay Ramesh Chandra Garg , Sadhana Chadha | |
| Mar, 2011 | Amount | Seed - Kwench | Valuation | Bhumika Ajay Garg , Ajay Ramesh Chandra Garg | |
| Oct, 2009 | Amount | Seed - Kwench | Valuation | Sunil Handa |
| 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 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. 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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Financial blogging, market analysis, and subscription services.
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Founded Year | Domain | Location | |
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Logistics, jewellery, and tech services are provided by BVC Ventures across multiple industries.
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Founded Year | Domain | Location | |
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Technology company focused on building bonds through software.
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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 Kwench
| 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 - Kwench
| 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 |
Kwench Comparisons
Competitors of Kwench
Kwench 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 Culture Amp, Achievers, ScribbleLive, Xoxoday and Fond, 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 |
Employee experience management platform
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| domain | founded_year | HQ Location |
Employee Recognition and engagement platform provider
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| domain | founded_year | HQ Location |
Employee engagement is supported through interactive assessments and polls.
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| domain | founded_year | HQ Location |
AI-powered loyalty, rewards, and employee engagement solutions are provided.
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| domain | founded_year | HQ Location |
Employee recognition and perks are facilitated via a digital platform.
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| domain | founded_year | HQ Location |
Employee benefits and engagement are delivered via a cloud-based platform.
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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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Frequently Asked Questions about Kwench
When was Kwench founded?
Kwench was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Kwench located?
Kwench is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Kwench a funded company?
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 $113.39K, raised on Apr 21, 2009.
How many employees does Kwench have?
As of Apr 07, 2024, the latest employee count at Kwench is 1.
What is the annual revenue of Kwench?
Annual revenue of Kwench is $7.74M as on Mar 31, 2019.
What does Kwench do?
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.
Who are the top competitors of Kwench?
Kwench's top competitors include Culture Amp, Xoxoday and Vantage Circle.
Who are Kwench's investors?
Kwench has 61 investors. Key investors include SIDBI, BVC Ventures, South Yarra Holdings, E3 Global, and GrayCell Ventures.
What is Kwench's valuation?
The valuation of Kwench is $8.96M as of Aug 2015.