About Offee
Offee is a company based in Mumbai (India) founded in 2017 by Vishwa Prakash Suresh Prasad Shukla and Amit Shah.. Offee has raised $1.91 million across 5 funding rounds from investors including Riidl, Somaiya Group and Maharashtra State Innovation Society. The company has 16 employees as of April 06, 2024. Offee offers products and services including Offee Device and Offee Software. Offee operates in a competitive market with competitors including Prometric, Wheebox, Splashgain, Beijing Heqi Juli Education Group and Littlemore Innovation Labs, among others.
- Headquarter Mumbai, India
- Employees 16 as on 06 Apr, 2024
- Founders Vishwa Prakash Suresh Prasad Shukla, Amit Shah
- Stage Minicorn
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Sectors
Education
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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 Orage Digital Private Limited
- Date of Incorporation 04 Jul, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$104.7 K (USD)16.58as on Mar 31, 2023
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Net Profit
$-56.58 K (USD)-840.38as on Mar 31, 2023
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EBITDA
$-52.57 K (USD)-589.44as on Mar 31, 2023
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Total Equity Funding
$1.91 M (USD)
in 5 rounds
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Latest Funding Round
$629.26 K (USD), Seed
Jun 06, 2024
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Investors
Riidl
& 25 more
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Employee Count
16
as on Apr 06, 2024
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Products & Services of Offee
Offee offers a comprehensive portfolio of products and services, including Offee Device and Offee Software. 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.
Plug-and-play device for secure offline exams on various devices.
Platform for managing exams with AI proctoring and reporting features.
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Funding Insights of Offee
Offee has successfully raised a total of $1.91M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $629.26 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 5
- Last Round Seed — $629,260
- First Round First Round
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - Offee | Valuation | JITO Incubation & Innovation Foundation | |
| Mar, 2023 | Amount | Seed - Offee | Valuation | JITO Incubation & Innovation Foundation , Riidl | |
| Mar, 2023 | Amount | Seed - Offee | Valuation | Riidl |
| 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 Offee
Offee has secured backing from 26 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Riidl, Somaiya Group and Maharashtra State Innovation Society. 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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Multiple sectors are incubated by the foundation in Mumbai, India.
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Founded Year | Domain | Location | |
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Research, innovation, incubation, and design services.
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Founded Year | Domain | Location | |
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Promotion of innovation and digital services in Maharashtra.
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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 Offee
| 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 - Offee
| 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 |
Offee Comparisons
Competitors of Offee
Offee 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 Prometric, Wheebox, Splashgain, Beijing Heqi Juli Education Group and Littlemore Innovation Labs, 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 |
Assessment development and delivery services are provided globally by Prometric.
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| domain | founded_year | HQ Location |
Employability skills are assessed via an online platform by Wheebox.
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| domain | founded_year | HQ Location |
AI-driven assessments and interviews are facilitated for education and enterprise.
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| domain | founded_year | HQ Location |
Online solutions for managing college entrance exams are provided.
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| domain | founded_year | HQ Location |
Devices for online descriptive examinations are provided by the company.
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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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Latest news on Offee
Frequently Asked Questions about Offee
When was Offee founded?
Offee was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Offee located?
Offee is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Offee?
Amit Shah is the current CEO of Offee. They have also founded this company.
Is Offee a funded company?
Offee is a funded company, having raised a total of $1.91M across 5 funding rounds to date. The company's 1st funding round was a Seed of $94.08K, raised on Jul 24, 2018.
How many employees does Offee have?
As of Apr 06, 2024, the latest employee count at Offee is 16.
What is the annual revenue of Offee?
Annual revenue of Offee is $104.7K as on Mar 31, 2023.
What does Offee do?
Provider of offline-online exam solutions for educational institutions. This solution addresses challenges in online exam processes by offering a unique blend of offline and online capabilities. It eliminates the need for computer-based infrastructure or internet connectivity, enabling secure exams with both subjective and objective question types. The system includes a device for easy exam conduction and a software platform with features such as syllabus mapping, question bank management, AI-based auto-proctoring, and reporting. The platform integrates with existing educational tools and allows for concurrent exams.
Who are the top competitors of Offee?
Offee's top competitors include Prometric, Wheebox and Littlemore Innovation Labs.
What products or services does Offee offer?
Offee offers Offee Device and Offee Software.
Who are Offee's investors?
Offee has 26 investors. Key investors include Riidl, Somaiya Group, Maharashtra State Innovation Society, Siyat Holdings, and JITO Incubation & Innovation Foundation.
What is Offee's valuation?
The valuation of Offee is $3.04M as of Mar 2023.