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
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- Legal Name Jigsaw Financial Technology Private Limited
- Date of Incorporation 09 Oct, 2020
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
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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.
Data app designed for D2C brand analytics support.
People of Merito
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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 |
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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.
| 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 |
Investments & Acquisitions by Merito
Financial Statements - Merito
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Merito
Frequently Asked Questions about Merito
Merito was founded in 2021.
Merito is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Abhishek Chaturvedi is the current CEO of Merito. They have also founded this 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.
As of Apr 07, 2024, the latest employee count at Merito is 1.
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.
Merito's top competitors include Magenta Insights, WovV and Sapo.
Merito offers Merito Data App.
Merito has 3 investors. Key investors include Utsav Somani, M K Investment Consultancy, and Aabid & Co.
The valuation of Merito is $2.15M as of Jun 2024.