About NeoWings
NeoWings is a company based in Coimbatore (India) founded in 2020 by Muralikumar Balasubramaniam and Karthik Rathina Sabapathy. NeoWings has raised $394.87 thousand across 1 funding round from investors including Kannan Muthusamy, Indhumathi and Sujay Sankar. The company has 9 employees as of April 04, 2024. NeoWings offers products and services including Route Optimization Solution, Driver App, and Delivery Management System. NeoWings operates in a competitive market with competitors including LetsTransport, OnFleet, Locus, FarEye and Bringg, among others.
- Headquarter Coimbatore, India
- Employees 9 as on 04 Apr, 2024
- Founders Muralikumar Balasubramaniam, Karthik Rathina Sabapathy
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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- Legal Name Neosay Technologies And Solutions Private Limited
- Date of Incorporation 20 May, 2015
- Jurisdiction Coimbatore South, Tamil Nadu, India
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Annual Revenue
$368.4 K (USD)63.36as on Mar 31, 2022
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Net Profit
-$28.24 K (USD)-322.52as on Mar 31, 2022
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EBITDA
-$26.24 K (USD)-612.45as on Mar 31, 2022
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Total Equity Funding
$394.87 K (USD)
in 1 rounds
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Latest Funding Round
$394.87 K (USD), Angel Round
Dec 15, 2021
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Investors
& 4 more
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Employee Count
9
as on Apr 04, 2024
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Products & Services of NeoWings
NeoWings offers a comprehensive portfolio of products and services, including Route Optimization Solution, Driver App, and Delivery Management System.
Automates delivery routes to minimize costs and improve efficiency
Enables real-time route tracking and updates for drivers
Manages orders and provides performance analytics for businesses
Funding Insights of NeoWings
NeoWings has successfully raised a total of $394.87K through 1 strategic funding round. The most recent funding activity was a Angel Round of $394.87 thousand completed in December 2021. 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.
Investors in NeoWings
NeoWings has secured backing from 5 investors, including angel investors. Prominent investors backing the company include Kannan Muthusamy, Indhumathi and Sujay Sankar.
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Kannan Muthusamy |
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Indhumathi |
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Sujay Sankar |
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Investor details for NeoWings
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Investments & Acquisitions by NeoWings
Investment portfolio details for NeoWings
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- Transaction dates
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Financial Statements - NeoWings
Detailed financials for NeoWings
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- Profit trends
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Neowings Comparisons
Peer comparison for NeoWings
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of NeoWings
NeoWings 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 LetsTransport, OnFleet, Locus, FarEye and Bringg, among others.
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Platform offering customised logistic solutions to enterprises
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Cloud-based software is utilized for last-mile delivery management.
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Last-mile delivery software is optimized for automation and logistics analysis.
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Last-mile delivery operations are managed through SaaS and AI solutions.
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Cloud and AI-based delivery management solutions are provided.
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SaaS-based last-mile delivery management solutions are provided.
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Detailed competitors of NeoWings
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Latest news on Neowings
Complete news archive for NeoWings
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Frequently Asked Questions about NeoWings
NeoWings was founded in 2020 and raised its 1st funding round 1 year after it was founded.
NeoWings is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.
NeoWings is a funded company, having raised a total of $394.87K across 1 funding round to date.
As of Apr 04, 2024, the latest employee count at NeoWings is 9.
Annual revenue of NeoWings is $368.4K as on Mar 31, 2022.
NeoWings was founded in 2020 in Coimbatore, India, as a provider of AI-based delivery management software. Route optimization, warehouse distribution, last-mile deliveries, order management, e-commerce integrations, scheduling, analytics, tracking, and electronic proof of delivery are included in its offerings. The software serves companies in retail, food, medicine, water, laundry, grocery, and FMCG sectors.
NeoWings offers Route Optimization Solution, Driver App, and Delivery Management System.
NeoWings has 5 investors. Key investors include Kannan Muthusamy, Indhumathi, Sujay Sankar, Prabhakaran J, and Premarani.
The valuation of NeoWings is $1.25M as of Dec 2021.