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 |
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.
| 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 |
Investments & Acquisitions by Mecwin
Financial Statements - Mecwin
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.
| 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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Latest news on Mecwin
Frequently Asked Questions about Mecwin
Mecwin was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Mecwin is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Jitendra Dugar is the current CEO of Mecwin.
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.
As of Apr 02, 2024, the latest employee count at Mecwin is 85.
Annual revenue of Mecwin is $3.7M as on Mar 31, 2023.
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.
Mecwin's top competitors include Ecozen Solutions, Oswal Pumps and SunCulture.
Mecwin has 56 investors. Key investors include Steer Advisors, Starlit Technologies, Shilpa V Ganna, Sun Associates, and Gayatri Ramamurthy.
The valuation of Mecwin is $13.85M as of Sep 2023.