About Scandid
Scandid is a company based in Pune (India) founded in 2013.. Scandid has raised $500 thousand across 4 funding rounds from investors including Micromax Informatics, 3one4 Capital and Seedstars World. The company has 22 employees as of April 08, 2024. Scandid has completed 1 acquisition, including Snabar. Scandid operates in a competitive market with competitors including Buyhatke, Buyt, Pricemap, PriceRaja and Pricebaba, among others.
- Headquarter Pune, India
- Employees 22 as on 08 Apr, 2024
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Sectors
Retail
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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 Wishpoint Tech Private Limited
- Date of Incorporation 02 Apr, 2012
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$527.13 K (USD)8.76as on Mar 31, 2022
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Net Profit
$12.97 K (USD)250.77as on Mar 31, 2022
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EBITDA
$-8.39 K (USD)-186.87as on Mar 31, 2022
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Total Equity Funding
$500 K (USD)
in 4 rounds
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Latest Funding Round
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Investors
Micromax Informatics
& 2 more
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Employee Count
22
as on Apr 08, 2024
- Investments & Acquisitions
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Funding Insights of Scandid
Scandid has successfully raised a total of $500K across 4 strategic funding rounds. 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 4
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Seed - Scandid | Valuation | 3one4 Capital |
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| Oct, 2015 | Amount | Seed - Scandid | Valuation |
investors |
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| Jan, 2015 | Amount | Seed - Scandid | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Scandid
Scandid has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Micromax Informatics, 3one4 Capital and Seedstars World. 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 |
|---|---|---|---|---|
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Venture capital investments in technology sectors like SaaS and Fintech in India.
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Founded Year | Domain | Location | |
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Startups are supported via a three-month acceleration program.
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Founded Year | Domain | Location | |
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Manufacturer of consumer electronics and home appliances
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Scandid
Scandid has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Snabar. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Buyers and local sellers are connected via hyperlocal e-commerce platform.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Scandid
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Scandid Comparisons
Competitors of Scandid
Scandid 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 Buyhatke, Buyt, Pricemap, PriceRaja and Pricebaba, 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 |
Price comparison and product discovery across eCommerce portals are enabled.
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| domain | founded_year | HQ Location |
eCommerce products are aggregated via metasearch for price comparisons.
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| domain | founded_year | HQ Location |
Offline local price comparison app
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| domain | founded_year | HQ Location |
Price comparison and deals are aggregated across product categories.
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| domain | founded_year | HQ Location |
Price comparison site for products from local stores and eCommerce sites
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Scandid
Frequently Asked Questions about Scandid
When was Scandid founded?
Scandid was founded in 2013.
Where is Scandid located?
Scandid is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Is Scandid a funded company?
Scandid is a funded company, having raised a total of $500K across 4 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on May 21, 2013.
How many employees does Scandid have?
As of Apr 08, 2024, the latest employee count at Scandid is 22.
What is the annual revenue of Scandid?
Annual revenue of Scandid is $527.13K as on Mar 31, 2022.
What does Scandid do?
Founded in 2013 in Pune, India, Scandid operates as a mobile application focused on e-commerce price discovery and comparison. Barcode scanning is enabled for quick checks against 200 online platforms and 10,000 offline stores across 10 cities. A 500,000 equity investment was secured at Seedstars World in 2014. Visual search functionality is planned for broader user appeal, and local e-commerce platform Snabar was acquired in October 2016.
Who are the top competitors of Scandid?
How many acquisitions has Scandid made?
Scandid has made 1 acquisition, including Snabar.
Who are Scandid's investors?
Scandid has 3 investors. Key investors include Micromax Informatics, 3one4 Capital, and Seedstars World.
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