About Mecwin
Mecwin is a company based in Bengaluru (India) founded in 2017 by Asha Rani and Shiva Kumar HM.. Mecwin has raised $2.53 million across 7 funding rounds from investors including Steer Advisors, Starlit Technologies and Shilpa V Ganna. The company has 85 employees as of April 02, 2024. Mecwin operates in a competitive market with competitors including Ecozen Solutions, SunCulture, Claro Energy, Oswal Pumps and Spowdi, among others.
- Headquarter Bengaluru, India
- Employees 85 as on 02 Apr, 2024
- Founders Asha Rani, Shiva Kumar HM
- Stage Minicorn
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Sectors
Energy & Utilities
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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 Mecwin Technologies India Private Limited
- Date of Incorporation 28 Aug, 2020
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$3.7 M (USD)62.4as on Mar 31, 2023
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Net Profit
$196.64 K (USD)-40.34as on Mar 31, 2023
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EBITDA
$733.66 K (USD)69.63as on Mar 31, 2023
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Total Equity Funding
$2.53 M (USD)
in 7 rounds
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Latest Funding Round
$135.39 K (USD), Seed
Dec 12, 2024
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Investors
Steer Advisors
& 55 more
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Employee Count
85
as on Apr 02, 2024
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Funding Insights of Mecwin
Mecwin has successfully raised a total of $2.53M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $135.39 thousand completed in December 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 7
- Last Round Seed — $135,386
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First Round
First Round
(23 Nov 2021)
- Investors Count 56
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Seed - Mecwin | Valuation | Shilpa V Ganna | |
| Dec, 2024 | Amount | Seed - Mecwin | Valuation | Evergrow | |
| Dec, 2024 | Amount | Seed - Mecwin | Valuation | Chitresh Kumar Lunawat , Aakash Jain |
| 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 Mecwin
Mecwin has secured backing from 56 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Steer Advisors, Starlit Technologies and Shilpa V Ganna. 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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Venture capital firm focused on early-stage investments
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Founded Year | Domain | Location | |
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Venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Seed-stage venture capital investments are targeted by Singhvi Heritage.
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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 Mecwin
| 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 - Mecwin
| 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 |
Mecwin Comparisons
Competitors of Mecwin
Mecwin 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 Ecozen Solutions, SunCulture, Claro Energy, Oswal Pumps and Spowdi, 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 |
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture
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| domain | founded_year | HQ Location |
Solar-powered irrigation systems are provided to smallholder farmers.
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| domain | founded_year | HQ Location |
Solar powered water pumping solutions
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| domain | founded_year | HQ Location |
Energy-efficient stainless steel pumps and motors are manufactured.
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| domain | founded_year | HQ Location |
Developer of solar powered water pump systems
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| domain | founded_year | HQ Location |
Designs, develop, and manufacture solar powered irrigation pumps
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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 Mecwin
When was Mecwin founded?
Mecwin was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Mecwin located?
Mecwin is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Mecwin?
Jitendra Dugar is the current CEO of Mecwin.
Is Mecwin a funded company?
Mecwin is a funded company, having raised a total of $2.53M across 7 funding rounds to date. The company's 1st funding round was a Seed of $389.59K, raised on Nov 23, 2021.
How many employees does Mecwin have?
As of Apr 02, 2024, the latest employee count at Mecwin is 85.
What is the annual revenue of Mecwin?
Annual revenue of Mecwin is $3.7M as on Mar 31, 2023.
What does Mecwin do?
Mecwin was founded in 2017 and is based in Bengaluru, India. Operations focus on the renewable energy and electric vehicle sectors, where EV motors, solar pumps, controllers, and IoT products are produced. Green propulsion solutions are provided through these offerings, which are designed to meet industry standards for quality and reliability. The company is led by co-founders Asha Rani and Shiva Kumar HM as directors, alongside CEO Jitendra Dugar.
Who are the top competitors of Mecwin?
Mecwin's top competitors include Ecozen Solutions, Oswal Pumps and SunCulture.
Who are Mecwin's investors?
Mecwin has 56 investors. Key investors include Steer Advisors, Starlit Technologies, Shilpa V Ganna, Sun Associates, and Gayatri Ramamurthy.
What is Mecwin's valuation?
The valuation of Mecwin is $13.85M as of Sep 2023.