About QBit SCM
QBit SCM is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2015 by Amit Mishra, and was acquired by Sitics in May 2021. AI and cloud-based solutions for transportation management are provided. QBit SCM has raised $326.49 thousand across 2 funding rounds from investors including Shell, Sitics and GrayCell Ventures. Its chief executive, as recorded, is Amit Mishra. Its Indian entity Sitics Technologies Private Limited reported revenue of ₹76.7 Lakh. Its focus areas include Consumer, Logistics Tech, Freight and Trucking.
Company details
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.
- Headquarters Mumbai, India
- Founders Amit Mishra
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website qbitscm.ai
- Social LinkedIn X
- Acquired by Sitics (May 2021)
- Legal Name Sitics Technologies Private Limited
- Date of Incorporation 23 Jun, 2015
- Jurisdiction Navi Mumbai, Maharashtra, India
Associated legal entities of QBit SCM
QBit SCM operates through Sitics Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sitics Technologies Private Limited CIN U72300MH2015PTC326604 | Active | 23 Jun 2015 | Navi Mumbai, Maharashtra | ₹0.8 Cr | 5 | View details |
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.
- Total Funding $326,494
- Total Rounds 2
- Last Round Seed — $19,310
- First Round $307,184
(Oct 2015)
- Investors Count 39
All 2 funding rounds of QBit SCM with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2020 | $19,310 | Seed | – | – | |
| Oct 2015 | $307,184 | Seed | – | Indian Angel Network |
40 investors in total: 12 institutional and 28 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Technology company focused on building bonds through software. | 2012 | graycellventures.com | Chandigarh, India | |
Angel investor network investing in early-stage startups | iangroup.vc | Delhi, India | ||
Private investment arm of Kris Gopalakrishnan Family Office. | 2014 | pratithi.com | Bengaluru, India | |
Smile Group is engaged in investing, building, and partnering with disruptive founders across Asia. | smile.group | Gurugram, India | ||
Shell is recognized as a global energy and petrochemical company. | 1907 | shell.com | London, United Kingdom | |
Momentum Techsys is engaged in technology system integration across India. | mtsys.in | Noida, India | ||
Business units are rented to companies in Basildon, United Kingdom. | essex-properties.co.uk | Basildon, United Kingdom | ||
Commercial real estate investments are managed alongside financial advisory services. | swadescapital.tcc.mode | Lewes, United States | ||
Printing services are provided to clients in Delhi, India. | gainindiaadvisors.tcc.mode | Delhi, India | ||
Property management services are provided for real estate clients. | essexproperties.tcc.mode | Mumbai, India |
Investor details for QBit SCM
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Sitics Technologies Private Limited (QBit SCM)
Sitics Technologies Private Limited is the primary company behind QBit SCM. The board of Sitics Technologies Private Limited currently have 5 directors; the longest-serving is Amit Mishra, appointed in 2015. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amit Mishra DIN 07248016 | Director | 18 Sep 2015 | 11 yrs 1 mo | Sitics Technologies Private Limited |
| Amit Bansal DIN 07246934 | Director | 18 Sep 2015 | 11 yrs 1 mo | Sitics Technologies Private Limited |
| Chandrasekaran Praneshkumar DIN 08377538 | Director | 04 Jun 2021 | 5 yrs 4 mo | Sitics Technologies Private Limited |
| Haridas Thekkiveettil DIN 01827087 | Director | 04 Jun 2021 | 5 yrs 4 mo | Sitics Technologies Private Limited |
| Sikander Mammi Ambattuvalappil DIN 00224029 | Director | 04 Jun 2021 | 5 yrs 4 mo | Sitics Technologies Private Limited |
People of QBit SCM
1 people are tracked at QBit SCM (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership |
Complete people profiles for QBit SCM
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of QBit SCM
Figures of Sitics Technologies Private Limited, the primary company behind QBit SCM, for FY 2024. Revenue was ₹76.7 Lakh (-33% year on year). Net loss was -₹2.96 Cr (-385% margin). EBITDA was -₹1.71 Cr (-223% margin). Revenue has grown at a compounded annual rate of -42% over three years and -32% over five years.
- ₹76.7 LakhRevenue · FY 2024 · -33% YoY
- -₹2.96 CrNet loss · -385% margin
- -₹1.71 CrEBITDA · -223% margin
- ₹1.4 LakhPaid-up capital
- -42%Revenue CAGR, 3 years
- -32%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sitics Technologies Private Limited are on its company page.
Detailed financial statements for QBit SCM
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of QBit SCM
4 dated milestones of QBit SCM across 6 years, from founding to its latest funding, stage changes and deals.
- Founded QBit SCM is founded.
- Funding First funding round of $307K.
- Funding Latest funding round, Seed, of $19K.
- Exit Acquired by Sitics.
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as QBit SCM (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.37 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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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 CEO of QBit SCM, as recorded in our data. 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. The company's 1st funding round was a Seed of $307.18K, raised on Oct 2015.
The primary company behind QBit SCM, Sitics Technologies Private Limited, reported revenue of ₹76.7 Lakh for FY 2024, down 33% year on year.
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 has 40 investors. Key investors include Shell, Sitics, GrayCell Ventures, Pratithi Investments, and Indian Angel Network.
QBit SCM operates through Sitics Technologies Private Limited.
Yes. QBit SCM was acquired by Sitics in May 2021.
The legal entities of QBit SCM currently have 5 directors, including Chandrasekaran Praneshkumar, Amit Mishra, Haridas Thekkiveettil and others.