About QBit SCM
QBit SCM is a company based in Mumbai (India) founded in 2015 by Amit Mishra was acquired by Sitics in May 2021. QBit SCM has raised $326.49 thousand across 2 funding rounds from investors including Shell, Sitics and GrayCell Ventures. QBit SCM operates in a competitive market with competitors including Logospot, Descartes, Shipwell, MercuryGate and PCS Software, among others.
- Headquarter Mumbai, India
- Founders Amit Mishra
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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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Social
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- Legal Name Sitics Technologies Private Limited
- Date of Incorporation 23 Jun, 2015
- Jurisdiction Navi Mumbai, Maharashtra, India
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Annual Revenue
$107.79 K (USD)-77.08as on Mar 31, 2022
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Net Profit
-$291.43 K (USD)-325.19as on Mar 31, 2022
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EBITDA
-$248.65 K (USD)-164.46as on Mar 31, 2022
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Total Equity Funding
$326.49 K (USD)
in 2 rounds
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Latest Funding Round
$19.31 K (USD), Seed
Feb 15, 2020
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Investors
Shell
& 39 more
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Employee Count
Not available
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Acquired by
Sitics
(May 10, 2021)
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Funding Insights of QBit SCM
QBit SCM has successfully raised a total of $326.49K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $19.31 thousand completed in February 2020. 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 QBit SCM
QBit SCM has secured backing from 40 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Shell, Sitics and GrayCell Ventures.
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Technology company focused on building bonds through software.
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Angel investor network investing in early-stage startups
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Private investment arm of Kris Gopalakrishnan Family Office.
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Investor details for QBit SCM
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Investments & Acquisitions by QBit SCM
Investment portfolio details for QBit SCM
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Financial Statements - QBit SCM
Detailed financials for QBit SCM
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Qbit Scm Comparisons
Peer comparison for QBit SCM
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Competitors of QBit SCM
QBit SCM 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 Logospot, Descartes, Shipwell, MercuryGate and PCS Software, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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SaaS-based transport management solutions are provided by LogiSpot.
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Cloud-based solutions for transportation and supply chain management are offered.
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Online booking platform for freight transportation
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Cloud-based transportation management systems are provided for multimodal logistics.
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AI & SaaS-driven transportation management software solution provider
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Freight and logistics are managed via web-based platform.
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Detailed competitors of QBit SCM
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Latest news on Qbit Scm
Complete news archive for QBit SCM
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Frequently Asked Questions about QBit SCM
QBit SCM was founded in 2015.
QBit SCM is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Amit Mishra is the current CEO of QBit SCM. They have also founded this company.
QBit SCM is a funded company, having raised a total of $326.49K across 2 funding rounds to date.
Annual revenue of QBit SCM is $107.79K as on Mar 31, 2022.
Qbit was founded in 2015 in Mumbai, India, and operates within the transportation and logistics sector. AI-driven and cloud-based platforms are utilized by the company to automate logistics operations. Services encompass delivery management, dispatch planning, indenting, shipment tracking, and related functionalities. The focus remains on streamlining supply chain processes for efficiency in the region.
QBit SCM's top competitors include Freight Tiger, Descartes and Shipwell.
QBit SCM has 40 investors. Key investors include Shell, Sitics, GrayCell Ventures, Pratithi Investments, and Indian Angel Network.