About QwikSpec
QwikSpec is a Real Estate & Construction company based in Bengaluru (India) founded in 2015 by Roby Kurien. Cloud-based tools for asset management and inspections are offered. It operates in the Real Estate & Construction and Technology sectors. QwikSpec has raised $842.68 thousand across 2 funding rounds from investors including Brigade REAP, Mohandas Pai and Suhail Rahman. QwikSpec was last valued at $2.76 million in July 2017. Its Indian entity Xlsys Technologies Private Limited reported revenue of ₹1.22 Cr. Its focus areas include Real Estate and Construction Tech, Construction Tech, Project Management and Field Management.
Company details
QwikSpec was founded in 2015 in Bengaluru, India, within the software-as-a-service sector. A cloud-based platform is provided for managing assets and conducting inspections. Services encompass inspection management, asset tracking, report generation and sharing, checklist creation, certificate issuance, media handling, data exchange, retrieval, and analysis. Operations focus on streamlining workflows for asset-related tasks across various industries.
- Headquarters Bengaluru, India
- Founders Roby Kurien
- Stage Minicorn
- SectorsReal Estate & ConstructionTechnology
- Email••••••••
- Phone•••• ••••
- Website qwikspec.com
- Social LinkedIn X Facebook
- Legal Name Xlsys Technologies Private Limited
- Date of Incorporation 01 Sep, 2010
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.22 Cr
FY 2024 · -7% YoY
- Net Profit₹1.5 Lakh
FY 2024 · 1% margin
- EBITDA₹1.9 Lakh
FY 2024 · 2% margin
- Total Equity Funding$842.68K (USD)
in 2 rounds
- Latest Funding Round$542.68K (USD), Seed
Jul 2017
- InvestorsBrigade REAP
& 8 more
Associated legal entities of QwikSpec
QwikSpec operates through Xlsys 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 |
|---|---|---|---|---|---|---|---|
| Xlsys Technologies Private Limited CIN U72200KA2010PTC070890 | Active | 01 Sep 2010 | Bangalore, Karnataka | ₹1.2 Cr | 36 | 4 | View details |
Funding Insights of QwikSpec
QwikSpec has successfully raised a total of $842.68K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $542.68 thousand completed in July 2017. 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 $842,681
- Total Rounds 2
- Last Round Seed — $542,681
- First Round $300,000
(Jan 2017)
- Investors Count 9
All 2 funding rounds of QwikSpec 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 |
|---|---|---|---|---|---|
| Jul 2017 | $542,681 | Seed | $2.76M | George Oommen | |
| Jan 2017 | $300,000 | Angel Round | – | Daya Menon | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2017 | $2.76M | •••••••• |
Last known valuation $2.76M (Jul 2017). 9 investors in total: 1 institutional and 8 angel.
Investors in QwikSpec
QwikSpec has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Brigade REAP, Mohandas Pai and Suhail Rahman.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Urban Tech accelerator programme focusing on sustainable innovations. | 2016 | brigadereap.com | Bengaluru, India | |
MP Mohandas Pai | Former Infosys CFO, prominent angel investor, and education advocate | unknown_abde5f4cc7b648e5a | ||
SR Suhail Rahman | unknown_1d0e42621c604e7cb | |||
BR Bhavadeep(Bobby) Reddy | unknown_fb91e7a173a942008 | |||
GO George Oommen | unknown_24fa16a25d3949e5a | |||
SM Siddarth M Pai | unknown_e9c60873180d431a8 | |||
JA John Alexander | unknown_0dfbed50cb5640a28 | |||
SM Siddarth M Pai | unknown_f67a31bfaeb9453fb | |||
DM Daya Menon | unknown_7b8b2acd00794e9ba |
Investor details for QwikSpec
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Xlsys Technologies Private Limited (QwikSpec)
Xlsys Technologies Private Limited is the primary company behind QwikSpec. The board of Xlsys Technologies Private Limited currently have 4 directors; the longest-serving is John Alexander, appointed in 2010. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| John Alexander DIN 03108530 | Director | 01 Sep 2010 | 16 yrs 1 mo | Xlsys Technologies Private Limited |
| Ajith Alexander DIN 06396208 | Managing Director | 08 Oct 2012 | 14 yrs | Xlsys Technologies Private Limited |
| Anil Menon DIN 07804060 | Director | 29 Sep 2018 | 8 yrs | Xlsys Technologies Private Limited |
| Ranjit John DIN 09375076 | Director | 06 Jul 2024 | 2 yrs 3 mo | Xlsys Technologies Private Limited |
People of QwikSpec
1 people are tracked at QwikSpec (1 in leadership).
| Name | Role | Group |
|---|---|---|
Roby Kurien | Co-Founder | Leadership |
Complete people profiles for QwikSpec
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 QwikSpec
Figures of Xlsys Technologies Private Limited, the primary company behind QwikSpec, for FY 2024. Revenue was ₹1.22 Cr (-7% year on year). Net profit was ₹1.5 Lakh (1% margin). EBITDA was ₹1.9 Lakh (2% margin). Revenue has grown at a compounded annual rate of +22% over three years and +6% over five years.
- ₹1.22 CrRevenue · FY 2024 · -7% YoY
- ₹1.5 LakhNet profit · 1% margin
- ₹1.9 LakhEBITDA · 2% margin
- ₹2.5 LakhPaid-up capital
- 36Employees (provident fund records)
- +22%Revenue CAGR, 3 years
- +6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Xlsys Technologies Private Limited are on its company page.
Detailed financial statements for QwikSpec
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 QwikSpec
4 dated milestones of QwikSpec across 2 years, from founding to its latest funding, stage changes and deals.
- Founded QwikSpec is founded.
- Funding First funding round of $300K.
- Funding Latest funding round, Seed, of $543K.
- Milestone Reaches Minicorn status.
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Related news about Qwikspec
Complete news archive for QwikSpec
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Frequently Asked Questions about QwikSpec
QwikSpec was founded in 2015 and raised its 1st funding round 2 years after it was founded.
QwikSpec is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
QwikSpec is a funded company, having raised a total of $842.68K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $300K, raised on Jan 2017.
The primary company behind QwikSpec, Xlsys Technologies Private Limited, reported revenue of ₹1.22 Cr for FY 2024, down 7% year on year.
QwikSpec was founded in 2015 in Bengaluru, India, within the software-as-a-service sector. A cloud-based platform is provided for managing assets and conducting inspections. Services encompass inspection management, asset tracking, report generation and sharing, checklist creation, certificate issuance, media handling, data exchange, retrieval, and analysis. Operations focus on streamlining workflows for asset-related tasks across various industries.
QwikSpec has 9 investors. Key investors include Brigade REAP, Mohandas Pai, Suhail Rahman, Bhavadeep(Bobby) Reddy, and George Oommen.
The valuation of QwikSpec is $2.76M as of Jul 2017.
QwikSpec operates through Xlsys Technologies Private Limited.
The legal entities of QwikSpec currently have 4 directors, including Ranjit John, John Alexander, Ajith Alexander and others.