About Shiftkarado
Shiftkarado is a company based in Gurugram (India) founded in 2015 by Aulina Mithal Sood and Atul Mithal was acquired by Star Worldwide Group in April 2019.. Shiftkarado has raised $804.57 thousand across 2 funding rounds from investors including Star Worldwide Group and Atul Mithal. Shiftkarado offers products and services including Packing and Moving Service, Office Shifting Service, and Short-Notice Moves. Shiftkarado operates in a competitive market with competitors including Pikkol, HappyLocate, EZMove, MovingNow and Assure Shift, among others.
- Headquarter Gurugram, India
- Founders Aulina Mithal Sood, Atul Mithal
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Sectors
Transportation, Automotive & Logistics
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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 Waytech Network Private Limited
- Date of Incorporation 24 Nov, 2015
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$141.19 K (USD)64.95as on Mar 31, 2023
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Net Profit
$53.02 K (USD)1815.42as on Mar 31, 2023
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EBITDA
$43.08 K (USD)602.2as on Mar 31, 2023
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Total Equity Funding
$804.57 K (USD)
in 2 rounds
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Latest Funding Round
$687.92 K (USD), Seed
Sep 12, 2018
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Investors
Star Worldwide Group
& 1 more
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Employee Count
Employee Count
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Acquired by
Star Worldwide Group
(Apr 08, 2019)
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Products & Services of Shiftkarado
Shiftkarado offers a comprehensive portfolio of products and services, including Packing and Moving Service, Office Shifting Service, and Short-Notice Moves. 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.
Handles professional packing and safe transport of household items.
Facilitates office relocations with risk coverage and instant booking.
Offers quick booking for urgent relocations without extra fees.
Funding Insights of Shiftkarado
Shiftkarado has successfully raised a total of $804.57K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $687.92 thousand completed in September 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 Total Funding
- Total Rounds 2
- Last Round Seed — $687,917
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First Round
First Round
(20 Sep 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Seed - Shiftkarado | Valuation | Star Worldwide Group |
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| Sep, 2017 | Amount | Seed - Shiftkarado | 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 Shiftkarado
Shiftkarado has secured backing from 2 investors, including institutional and angel investors. Prominent investors backing the company include Star Worldwide Group and Atul Mithal. 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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Provides logistics, fine art handling, relocations, and information management for businesses worldwide.
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Founded Year | Domain | Location | |
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AM
Atul Mithal |
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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 Shiftkarado
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 |
Financial Statements - Shiftkarado
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Shiftkarado Comparisons
Competitors of Shiftkarado
Shiftkarado 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 Pikkol, HappyLocate, EZMove, MovingNow and Assure Shift, 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 |
Relocation services are booked through an online platform.
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| domain | founded_year | HQ Location |
Relocation services for households, pets, and corporations are provided.
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| domain | founded_year | HQ Location |
Online marketplace to book relocation services
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| domain | founded_year | HQ Location |
Online marketplace for relocation services
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| domain | founded_year | HQ Location |
Operates a digital marketplace connecting users with packers and movers for efficient relocation services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Shiftkarado
Frequently Asked Questions about Shiftkarado
When was Shiftkarado founded?
Shiftkarado was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Shiftkarado located?
Shiftkarado is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Shiftkarado a funded company?
Shiftkarado is a funded company, having raised a total of $804.57K across 2 funding rounds to date. The company's 1st funding round was a Seed of $116.65K, raised on Sep 20, 2017.
What is the annual revenue of Shiftkarado?
Annual revenue of Shiftkarado is $141.19K as on Mar 31, 2023.
What does Shiftkarado do?
Shiftkarado was founded in 2015 in Gurugram, India, as an online platform in the relocation sector. Bookings for inter-city and intra-city moves are handled through the service, with item inventories managed by room via a mobile app available for Android since May 2017. Operations focus on customer-driven booking confirmations and logistics coordination.
Who are the top competitors of Shiftkarado?
Shiftkarado's top competitors include Pikkol, HappyLocate and EZMove.
What products or services does Shiftkarado offer?
Shiftkarado offers Packing and Moving Service, Office Shifting Service, and Short-Notice Moves.
Who are Shiftkarado's investors?
Shiftkarado has 2 investors. Key investors include Star Worldwide Group, and Atul Mithal.