About Pitik
Pitik is a company based in Tangerang (Indonesia) founded in 2019. It operates as a B2B. Pitik has raised $14 million across 2 funding rounds from investors including Wavemaker Partners, Arise Virtual Solutions and Alpha JWC Ventures. Pitik operates in a competitive market with competitors including New Hope Liuhe, Gramshree Agri Services, YourFarm, DigVetS and Quanterra, among others.
- Headquarter Tangerang, Indonesia
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Sectors
Consumer
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14 M (USD)
in 2 rounds
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Latest Funding Round
$14 M (USD), Series A
May 19, 2022
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Investors
Wavemaker Partners
& 3 more
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Employee Count
Employee Count
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Funding Insights of Pitik
Pitik has successfully raised a total of $14M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $14 million completed in May 2022. 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 Series A — $14.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - Pitik | Valuation | Alpha JWC Ventures | |
| Dec, 2021 | Amount | Seed - Pitik | Valuation | Arise Virtual Solutions , Wavemaker Partners |
| 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 Pitik
Pitik has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Wavemaker Partners, Arise Virtual Solutions and Alpha JWC Ventures. 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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Tech focused VC firm making investment in seed and early stage companies in the US & Asia
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Founded Year | Domain | Location | |
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Investments in early-stage technology companies are made by Wavemaker Partners.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital is directed toward fintech and cloud sectors.
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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 Pitik
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Pitik
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pitik Comparisons
Competitors of Pitik
Pitik 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 New Hope Liuhe, Gramshree Agri Services, YourFarm, DigVetS and Quanterra, 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 |
Traceability solutions are provided for the food industry chain.
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| domain | founded_year | HQ Location |
Provider of animal husbandry & fishery training, trading, and farming services
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| domain | founded_year | HQ Location |
Provider of Tech Enabled services for livestock
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| domain | founded_year | HQ Location |
Provider of tech-enables livestock farm services
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| domain | founded_year | HQ Location |
Cattle counting services are delivered via drones and AI processing.
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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 Pitik
Frequently Asked Questions about Pitik
When was Pitik founded?
Pitik was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Pitik located?
Pitik is headquartered in Tangerang, Indonesia. It is registered at Tangerang, Banten, Indonesia.
Is Pitik a funded company?
Pitik is a funded company, having raised a total of $14M across 2 funding rounds to date.
What does Pitik do?
Pitik, based in Tangerang, focuses on food and agriculture, engaging in agricultural activities, poultry farming, and managing supply chains. Offers end-to-end solutions for efficient poultry supply chain management. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Pitik?
Pitik's top competitors include Poultry Farmers, Gramshree Agri Services and YourFarm.
Who are Pitik's investors?
Pitik has 4 investors. Key investors include Wavemaker Partners, Arise Virtual Solutions, Alpha JWC Ventures, and MDI Ventures.