About Scouto
Scouto is a company based in Ahmedabad (India) founded in 2018 was acquired by Spinny in February 2022.. Scouto has raised $67.76 thousand across 1 funding round from investors including Spinny and Las Olas Ventures. The company has 11 employees as of April 06, 2024. Scouto offers products and services including Scouto OBD2 Device, Scouto Mobile App, and API Design. Scouto operates in a competitive market with competitors including GoFar, CaRPM, Carly, E-Trailer and Carmen Automotive, among others.
- Headquarter Ahmedabad, India
- Employees 11 as on 06 Apr, 2024
-
Sectors
Transportation, Automotive & Logistics
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Quixote Automotive Technologies Private Limited
- Date of Incorporation 03 Jan, 2019
- Jurisdiction Ahmedabad, Gujarat, India
-
Annual Revenue
$245.38 K (USD)210.26as on Mar 31, 2023
-
Net Profit
$-693.3 K (USD)-285.45as on Mar 31, 2023
-
EBITDA
$-537.39 K (USD)-191.94as on Mar 31, 2023
-
Total Equity Funding
$67.76 K (USD)
in 1 rounds
-
Latest Funding Round
$67.76 K (USD), Seed
Sep 29, 2020
-
Investors
Spinny
& 1 more
-
Employee Count
11
as on Apr 06, 2024
-
Acquired by
Spinny
(Feb 10, 2022)
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 Scouto
Scouto offers a comprehensive portfolio of products and services, including Scouto OBD2 Device, Scouto Mobile App, and API Design. 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.
Device for vehicle tracking and health monitoring services.
App for connecting OBD2 device to enable smart car features.
Adaptive API for integrated connected car solutions.
Funding Insights of Scouto
Scouto has successfully raised a total of $67.76K through 1 strategic funding round. The most recent funding activity was a Seed round of $67.76 thousand completed in September 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 — $67,758
-
First Round
First Round
(29 Sep 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Seed - Scouto | Valuation | Las Olas Ventures |
|
| 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 Scouto
Scouto has secured backing from 2 investors. Prominent investors backing the company include Spinny and Las Olas Ventures. 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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Retailer of inspected, certified pre-owned vehicles with service and finance options
|
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 Scouto
| 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 - Scouto
| 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 |
Scouto Comparisons
Competitors of Scouto
Scouto 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 GoFar, CaRPM, Carly, E-Trailer and Carmen Automotive, 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 |
Vehicle monitoring is enabled by OBD devices and mobile apps.
|
|
| domain | founded_year | HQ Location |
Car performance is monitored using OBD-II technology for real-time data.
|
|
| domain | founded_year | HQ Location |
OBDII adapters and apps for vehicle diagnostics are offered.
|
|
| domain | founded_year | HQ Location |
Electric trailers and caravans are developed for mountain travel.
|
|
| domain | founded_year | HQ Location |
Provider of a smart device to monitor car performance
|
|
| domain | founded_year | HQ Location |
Connected vehicle data analytics platform and applications are provided.
|
| 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.
|
Frequently Asked Questions about Scouto
When was Scouto founded?
Scouto was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Scouto located?
Scouto is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Is Scouto a funded company?
Scouto is a funded company, having raised a total of $67.76K across 1 funding round to date. The company's 1st funding round was a Seed of $67.76K, raised on Sep 29, 2020.
How many employees does Scouto have?
As of Apr 06, 2024, the latest employee count at Scouto is 11.
What is the annual revenue of Scouto?
Annual revenue of Scouto is $245.38K as on Mar 31, 2023.
What does Scouto do?
Scouto was founded in 2018 and is based in Ahmedabad, India, operating within the automotive technology sector. OBD port devices are supplied for vehicle integration, enabling tracking and diagnostics for health monitoring. Features such as live alerts and trip reports are included, with a mobile application accessible on Android and iOS platforms. Operations focus on real-time vehicle data management for fleet and personal use.
Who are the top competitors of Scouto?
Scouto's top competitors include GoFar, BlueDriver and CaRPM.
What products or services does Scouto offer?
Scouto offers Scouto OBD2 Device, Scouto Mobile App, and API Design.
Who are Scouto's investors?
Scouto has 2 investors. Key investors include Spinny, and Las Olas Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.