About Merito
Merito is a company based in Mumbai (India) founded in 2021 by Abhishek Chaturvedi. It operates as a SaaS (Software-as-a-Service). Merito has raised $379.26 thousand across 2 funding rounds from investors including Utsav Somani, M K Investment Consultancy and Aabid & Co. The company has 1 employees as of April 07, 2024. Merito offers products and services including Merito Data App. Merito operates in a competitive market with competitors including WovV, Magenta Insights, Vanilla Brain, tbSales and Autoworker, among others.
- Headquarter Mumbai, India
- Employees 1 as on 07 Apr, 2024
- Founders Abhishek Chaturvedi
- Stage Minicorn
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Sectors
Technology
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Phone
*********
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Website
*********
- Legal Name Jigsaw Financial Technology Private Limited
- Date of Incorporation 09 Oct, 2020
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$-1.19 K (USD)54.53as on Mar 31, 2023
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EBITDA
$-1.17 K (USD)55.49as on Mar 31, 2023
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Total Equity Funding
$379.26 K (USD)
in 2 rounds
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Latest Funding Round
$359.07 K (USD), Seed
Jun 27, 2024
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Investors
Utsav Somani
& 2 more
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Employee Count
1
as on Apr 07, 2024
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Products & Services of Merito
Merito offers a comprehensive portfolio of products and services, including Merito Data App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Data app designed for D2C brand analytics support.
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Funding Insights of Merito
Merito has successfully raised a total of $379.26K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $359.07 thousand completed in June 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 2
- Last Round Seed — $359,073
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First Round
First Round
(20 Nov 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - Merito | Valuation | Utsav Somani , M K Investment Consultancy |
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| Nov, 2021 | Amount | Angel Round - Merito | Valuation |
investors |
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| 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 Merito
Merito has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Utsav Somani, M K Investment Consultancy and Aabid & Co. 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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Limited information available
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Aabid & Co is engaged in legal and financial advisory services.
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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 Merito
| 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 - Merito
| 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 |
Merito Comparisons
Competitors of Merito
Merito 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 WovV, Magenta Insights, Vanilla Brain, tbSales and Autoworker, 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers SaaS platforms for automation, analytics, and loyalty management in various industries.
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| domain | founded_year | HQ Location |
Provider of insights and reports that drive sales growth
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| domain | founded_year | HQ Location |
Provides AI-based data automation, analysis, and visualization services for enterprises.
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| domain | founded_year | HQ Location |
Offers application-based sales analytics solutions for enterprises.
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| domain | founded_year | HQ Location |
AI-powered tool for managing and optimizing e-commerce advertising campaigns.
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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 Merito
When was Merito founded?
Merito was founded in 2021.
Where is Merito located?
Merito is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Merito?
Abhishek Chaturvedi is the current CEO of Merito. They have also founded this company.
Is Merito a funded company?
Merito is a funded company, having raised a total of $379.26K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $20.18K, raised on Nov 20, 2021.
How many employees does Merito have?
As of Apr 07, 2024, the latest employee count at Merito is 1.
What does Merito do?
Merito is engaged in providing data analytics solutions tailored for direct-to-consumer brands. The company operates within the technology sector, focusing on tools that support D2C business strategies. Its primary offering is a data app designed to assist brands in optimizing their operations and customer insights.
Who are the top competitors of Merito?
Merito's top competitors include Magenta Insights, WovV and Sapo.
What products or services does Merito offer?
Merito offers Merito Data App.
Who are Merito's investors?
Merito has 3 investors. Key investors include Utsav Somani, M K Investment Consultancy, and Aabid & Co.
What is Merito's valuation?
The valuation of Merito is $2.15M as of Jun 2024.