About Rizort
Rizort was a Technology company based in San Francisco (United States) founded in 2016 by Mohit Kumar Saxena and Sachin Kanodia. A platform for creating immersive panoramic virtual tours. It operates on a B2C model. Rizort has raised $2.91 million across 1 funding round from investors including Dream Incubator and Blume Ventures. Its chief executive, as recorded, is Sachin Kanodia. Its Indian entity Rizort Technologies Private Limited reported revenue of ₹3.7 Lakh. The company is recorded as dissolved. Its focus areas include Software, Tour and Travel and Virtual Tours. Its competitors include Realync, Jaunt XR and InstaVR; 3 of its 3 listed competitors have raised funding.
Company details
Rizort, backed by 2909999.0 from Blume Ventures, Dream Incubator, focuses on leveraging cutting-edge technology, software, tour and travel, and virtual tours. A platform for creating immersive panoramic virtual tours. Driving innovation, growth, and excellence in its industry sectors. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters San Francisco, United States
- Founders Mohit Kumar Saxena, Sachin Kanodia
- SectorsTechnology
- Website rizort.com
- Legal Name Rizort Technologies Private Limited
- Date of Incorporation 31 Oct, 2017
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹3.7 Lakh
FY 2023 · -98% YoY
- Indian entity net loss-₹1.36 Cr
FY 2023 · -3637% margin
- Indian entity EBITDA-₹1.35 Cr
FY 2023 · -3626% margin
- Total Equity Funding$2.91M (USD)
in 1 rounds
- Latest Funding Round$2.91M (USD), Seed
Mar 2018
- InvestorsDream Incubator
& 1 more
Associated legal entities of Rizort
Rizort operates through Rizort Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rizort Technologies Private Limited CIN U72900KA2017FTC107571 | Active | 31 Oct 2017 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details |
Funding Insights of Rizort
Rizort has successfully raised a total of $2.91M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.91 million completed in March 2018. 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 $2.91M
- Total Rounds 1
- Last Round Seed — $2.91M
- First Round $2.91M
(Mar 2018)
- Investors Count 2
All 1 funding rounds of Rizort 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 |
|---|---|---|---|---|---|
| Mar 2018 | $2.91M | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Rizort
Rizort has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Dream Incubator and Blume Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Dream Incubator is engaged in strategic consulting and business incubation. | 2000 | dreamincubator.co.jp | Chiyoda City, Japan |
Investor details for Rizort
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Board of directors of Rizort Technologies Private Limited (Rizort)
Rizort Technologies Private Limited is the primary company behind Rizort. The board of Rizort Technologies Private Limited currently have 2 directors; the longest-serving is Amit Agarwal, appointed in 2018. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amit Agarwal DIN 00529240 | Director | 09 Feb 2018 | 8 yrs 8 mo | Rizort Technologies Private Limited |
| Sachin Kanodia DIN 08759325 | Director | 11 Jun 2020 | 6 yrs 4 mo | Rizort Technologies Private Limited |
People of Rizort
5 people are tracked at Rizort (3 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Mohit Kumar Saxena | Co-Founder | Leadership |
| Co-Founder, CEO | Leadership | |
Mohit Saxena | Founder & CBO | Leadership |
Santhini S | Frontend Engineer | Team |
Sanjana Hebbar | Manager, Customer Success | Team |
Complete people profiles for Rizort
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Verified entity values are shown only after access is granted.
Financials of Rizort
Figures of Rizort Technologies Private Limited, the primary company behind Rizort, for FY 2023. Revenue was ₹3.7 Lakh (-98% year on year). Net loss was -₹1.36 Cr (-3637% margin). EBITDA was -₹1.35 Cr (-3626% margin). Revenue has grown at a compounded annual rate of -79% over three years and -55% over five years.
- ₹3.7 LakhRevenue · FY 2023 · -98% YoY
- -₹1.36 CrNet loss · -3637% margin
- -₹1.35 CrEBITDA · -3626% margin
- ₹1 LakhPaid-up capital
- -79%Revenue CAGR, 3 years
- -55%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Rizort Technologies Private Limited are on its company page.
Detailed financial statements for Rizort
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Rizort
2 dated milestones of Rizort across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Rizort is founded.
- Funding First funding round of $2.9M.
Competitors of Rizort
Rizort has 3 listed competitors in our database, 3 of them funded. They include Realync, Jaunt XR and InstaVR.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| realync.com | 2012 | Chicago, United States | $23.61M | 32 | SaaS virtual tour software is delivered to real estate professionals. | |
| jauntxr.com | 2013 | San Mateo, United States | $66.7M | 18 | Software for cross-platform VR/AR/MR content distribution is provided. | |
| instavr.co | 2015 | San Francisco, United States | $7M | Provides App creation platform |
Detailed competitors of Rizort
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Top companies in Virtual Reality
3 companies that operate in the same segment as Rizort (Virtual Reality) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
VR-based head-mounted displays for gaming are provided by Oculus. | 2012 | Menlo Park, California, United States | USD 107.05 M | |||
Provider of cloud and AI-based virtual tour solutions for construction professionals | 2011 | Sunnyvale, California, United States | USD 163.18 M | |||
Mood-altering virtual reality experiences are developed for wellness by TRIPP. | 2016 | Los Angeles, California, United States | USD 26.25 M |
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Related news about Rizort
Complete news archive for Rizort
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Frequently Asked Questions about Rizort
Rizort was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Rizort is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Sachin Kanodia is the CEO of Rizort, as recorded in our data. They have also founded this company.
Rizort is a funded company, having raised a total of $2.91M across 1 funding round to date. The company's 1st funding round was a Seed of $2.91M, raised on Mar 2018.
The primary company behind Rizort, Rizort Technologies Private Limited, reported revenue of ₹3.7 Lakh for FY 2023, down 98% year on year.
Rizort, backed by 2909999.0 from Blume Ventures, Dream Incubator, focuses on leveraging cutting-edge technology, software, tour and travel, and virtual tours. A platform for creating immersive panoramic virtual tours. Driving innovation, growth, and excellence in its industry sectors. It continues to evolve, meeting industry challenges with strategic approaches.
Rizort has 2 investors. Key investors include Dream Incubator, and Blume Ventures.
Rizort operates through Rizort Technologies Private Limited.
The legal entities of Rizort currently have 2 directors, including Amit Agarwal, Sachin Kanodia.