About Renewate
Renewate is a company based in Pune (India) founded in 2018 by Supratik Ghatak.. Renewate has raised $272 thousand across 1 funding round from investors including Wellfound, Better Capital and Madhusudanan R. Renewate offers products and services including B2B Operating System, Customizable Portfolios, and Automated Estimates. Renewate operates in a competitive market with competitors including Procore, Nemetschek Group, Hover, Viewpoint and PlanRadar, among others.
- Headquarter Pune, India
- Founders Supratik Ghatak
- Stage Minicorn
-
Sectors
Real Estate & ConstructionConsumer
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Renewate Infrastructure Technologies Private Limited
- Date of Incorporation 28 Jun, 2018
- Jurisdiction Navi-Mumbai, Maharashtra, India
-
Annual Revenue
$14.48 K (USD)52.22as on Mar 31, 2022
-
Net Profit
$-3.82 K (USD)95.7as on Mar 31, 2022
-
EBITDA
$-2.82 K (USD)93.86as on Mar 31, 2022
-
Total Equity Funding
$272 K (USD)
in 1 rounds
-
Latest Funding Round
$272 K (USD), Seed
Jun 15, 2020
-
Investors
Wellfound
& 4 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Renewate
Renewate offers a comprehensive portfolio of products and services, including B2B Operating System, Customizable Portfolios, and Automated Estimates. 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.
Automates design and construction processes for efficient project handling
Enables easy sharing and sorting of project portfolios
Creates real-time estimates and bills for construction projects
Funding Insights of Renewate
Renewate has successfully raised a total of $272K through 1 strategic funding round. The most recent funding activity was a Seed round of $272 thousand completed in June 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 Total Funding
- Total Rounds 1
- Last Round Seed — $272,000
-
First Round
First Round
(15 Jun 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Seed - Renewate | Valuation | Better Capital , Wellfound |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Renewate
Renewate has secured backing from 5 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Wellfound, Better Capital and Madhusudanan R. 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 |
|---|---|---|---|---|
|
Early-stage companies are invested in by Better Capital.
|
Founded Year | Domain | Location | |
|
A global venture capital firm is operated to support innovators.
|
Founded Year | Domain | Location | |
|
Startup jobs are connected to individuals via a dedicated platform.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Renewate
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Renewate
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Renewate Comparisons
Competitors of Renewate
Renewate 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 Procore, Nemetschek Group, Hover, Viewpoint and PlanRadar, 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 |
SaaS project management software is provided for construction professionals.
|
|
| domain | founded_year | HQ Location |
Provider of management solutions for the construction sector
|
|
| domain | founded_year | HQ Location |
Hover is recognized for providing construction and renovation software solutions.
|
|
| domain | founded_year | HQ Location |
SaaS-based project management solutions are delivered for construction.
|
|
| domain | founded_year | HQ Location |
SaaS documentation management solutions for construction are provided.
|
|
| domain | founded_year | HQ Location |
Collaboration and scheduling software is provided for home construction.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Renewate
Frequently Asked Questions about Renewate
When was Renewate founded?
Renewate was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Renewate located?
Renewate is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Renewate?
Supratik Ghatak is the current CEO of Renewate. They have also founded this company.
Is Renewate a funded company?
Renewate is a funded company, having raised a total of $272K across 1 funding round to date. The company's 1st funding round was a Seed of $272K, raised on Jun 15, 2020.
What is the annual revenue of Renewate?
Annual revenue of Renewate is $14.48K as on Mar 31, 2022.
What does Renewate do?
Renewate was established in 2018 in Pune, India, as a technology platform focused on the home renovation sector. Renovation costs are estimated through digital tools, including measurements and real-time calculations, while connections to service providers are facilitated. Additional services encompass invoice generation, project visualization, and management. Operations are supported by an Android mobile app, serving users in the Indian market.
Who are the top competitors of Renewate?
Renewate's top competitors include Procore, Hover and Nemetschek Group.
What products or services does Renewate offer?
Renewate offers B2B Operating System, Customizable Portfolios, and Automated Estimates.
Who are Renewate's investors?
Renewate has 5 investors. Key investors include Wellfound, Better Capital, Madhusudanan R, Wellfound, and Better Capital.
What is Renewate's valuation?
The valuation of Renewate is $1.71M as of Jun 2020.