About ShopWorx
ShopWorx is an Industrial Goods & Manufacturing company based in Pune (India) founded in 2016 by Swapnil Amritkar and Kiran Nataraj. IoT-based monitoring solutions for manufacturing shop floors are offered. It operates in the Industrial Goods & Manufacturing and Technology sectors. ShopWorx has raised $462.44 thousand across 3 funding rounds from investors including Innovotech Investments, Girish Kulkarni and Girish Kulkarni. ShopWorx was last valued at $1.32 million in September 2020. Its chief executive, as recorded, is Kiran Nataraj. ShopWorx offers products and services including Production Insights, Maintenance Insights, Line MES, and Utility Insights. Its focus areas include Enterprise Applications, Manufacturing Tech, Process Control and Analytics. Its legal entity in India is Entrib Technologies Private Limited (U74140PN2001PTC015784). Its competitors include Linecraft and Covacsis; 2 of its 2 listed competitors have raised funding.
Company details
ShopWorx was founded in 2016 in Pune, India, as a provider of IoT solutions for shop floor monitoring in the manufacturing sector. Day-to-day processes are digitized through the platform, which enhances visibility and performance via actionable insights. Real-time analytics are delivered for utility consumption, including water, air, gas, energy, steam, fuel, compressors, and chillers, to support operational improvements.
- Headquarters Pune, India
- Founders Swapnil Amritkar, Kiran Nataraj
- Stage Minicorn
- SectorsIndustrial Goods & ManufacturingTechnology
- Email••••••••
- Phone•••• ••••
- Website shopworx.io
- Social LinkedIn X Facebook
- Legal Name Entrib Technologies Private Limited
- Date of Incorporation 22 Jan, 2001
- Jurisdiction Pune, Maharashtra, India
- Net Loss-₹1.5 Lakh
FY 2022 · 0% margin
- EBITDA-₹1.3 Lakh
FY 2022 · 0% margin
- Total Equity Funding$462.44K (USD)
in 3 rounds
- Latest Funding Round$118.42K (USD), Seed
Sep 2020
- InvestorsInnovotech Investments
& 4 more
Associated legal entities of ShopWorx
ShopWorx is associated with 2 registered companies on The Company Check; the primary company is Entrib Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Entrib Technologies Private Limited CIN U74140PN2001PTC015784 | Active | 22 Jan 2001 | Pune, Maharashtra | 2 | View details | ||
| Entrib Analytics Technology Private Limited CIN U72501PN2016PTC165162 | Active | 23 Jun 2016 | Pune, Maharashtra | ₹5.9 Cr | 29 | 3 | View details |
Products & Services of ShopWorx
ShopWorx offers a comprehensive portfolio of products and services, including Production Insights, Maintenance Insights, Line MES, and Utility Insights.
Monitors real-time production metrics like OEE and throughput.
Schedules and tracks machine maintenance to minimize downtime.
Manages assembly lines with traceability and work order tracking.
Analyzes consumption of utilities like chillers and compressors.
Funding Insights of ShopWorx
ShopWorx has successfully raised a total of $462.44K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $118.42 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 $462,443
- Total Rounds 3
- Last Round Seed — $118,416
- Investors Count 5
All 3 funding rounds of ShopWorx 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 |
|---|---|---|---|---|---|
| Sep 2020 | $118,416 | Seed | $1.32M | Innovotech Investments | – |
| Jan 2018 | $344,027 | Seed | $955,666 | Innovotech Investments, Girish Kulkarni | |
| May 2017 | Angel Round | $••••• | Vineet Joshi |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2020 | $1.32M | •••••••• |
Last known valuation $1.32M (Sep 2020). 5 investors in total: 1 institutional and 4 angel.
Investors in ShopWorx
ShopWorx has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Innovotech Investments, Girish Kulkarni and Girish Kulkarni.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are directed toward technology sectors. | innovotechinvestment.com | Singapore, Singapore | ||
GK Girish Kulkarni | Angel investor and entrepreneur, founder of BuildSupply, focused on tech startups | unknown_a64318fbf6484bd99 | ||
GK Girish Kulkarni | unknown_fe2e55934feb40c4a | |||
VJ Vineet Joshi | Angel investor and entrepreneur, co-founder of Infibeam, active in Indian startup ecosystem | unknown_0c1ce73d05c646fcb | ||
VJ Vineet Joshi | unknown_1dc49e161eb14b948 |
Investor details for ShopWorx
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Entrib Technologies Private Limited (ShopWorx)
Entrib Technologies Private Limited is the primary company behind ShopWorx. The boards of the 2 registered companies of ShopWorx currently have 3 directors; the longest-serving is Kiran Nataraj, appointed in 2016. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kiran Nataraj DIN 05225657 | Director | 23 Jun 2016 | 10 yrs 4 mo | Entrib Analytics Technology Private Limited, Entrib Technologies Private Limited |
| Swapnil Pandharinath Amritkar DIN 06672057 | Director | 23 Jun 2016 | 10 yrs 4 mo | Entrib Analytics Technology Private Limited, Entrib Technologies Private Limited |
| Zhimao Ye DIN 08099303 | Director | 24 May 2018 | 8 yrs 5 mo | Entrib Analytics Technology Private Limited |
People of ShopWorx
7 people are tracked at ShopWorx (2 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership | |
Karan Savalkar | Senior Engineer - Projects | Team |
Ajharuddin Momin | Software Engineer | Team |
Komal Pawar | Test Engineer | Team |
Chandan Shukla | Tech Lead | Team |
Asmita Patil | Sr Software Engineer | Team |
Complete people profiles for ShopWorx
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ShopWorx
Figures of Entrib Technologies Private Limited, the primary company behind ShopWorx, for FY 2022. Net loss was -₹1.5 Lakh (0% margin). EBITDA was -₹1.3 Lakh (0% margin). Revenue has grown at a compounded annual rate of -100% over three years and -100% over five years.
- -₹1.5 LakhNet loss · 0% margin
- -₹1.3 LakhEBITDA · 0% margin
- ₹6.9 LakhPaid-up capital
- -100%Revenue CAGR, 3 years
- -100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Entrib Technologies Private Limited are on its company page.
Detailed financial statements for ShopWorx
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of ShopWorx
4 dated milestones of ShopWorx across 4 years, from founding to its latest funding, stage changes and deals.
- Founded ShopWorx is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $118K.
- Milestone Reaches Minicorn status.
Competitors of ShopWorx
ShopWorx has 2 listed competitors in our database, 2 of them funded. They include Linecraft and Covacsis.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| linecraft.ai | 2018 | Pune, India | $1.19M | 43 | Cloud and IoT-based production analysis solutions for manufacturing are provided. | |
| covacsis.com | 2009 | Mumbai, India | $4.02M | 33 | Manufacturing plant data is transformed and analyzed via IoT platform. |
Detailed competitors of ShopWorx
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- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of ShopWorx
The website of ShopWorx (shopworx.io) receives about 1.2K visits a month.
- Monthly visits1.2K
▲ 436.5% vs previous month
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Related news about Shopworx
Complete news archive for ShopWorx
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Frequently Asked Questions about ShopWorx
ShopWorx was founded in 2016 and raised its 1st funding round 1 year after it was founded.
ShopWorx is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Kiran Nataraj is the CEO of ShopWorx, as recorded in our data. They have also founded this company.
ShopWorx is a funded company, having raised a total of $462.44K across 3 funding rounds to date.
ShopWorx was founded in 2016 in Pune, India, as a provider of IoT solutions for shop floor monitoring in the manufacturing sector. Day-to-day processes are digitized through the platform, which enhances visibility and performance via actionable insights. Real-time analytics are delivered for utility consumption, including water, air, gas, energy, steam, fuel, compressors, and chillers, to support operational improvements.
ShopWorx offers Production Insights, Maintenance Insights, Line MES, and Utility Insights.
ShopWorx has 5 investors. Key investors include Innovotech Investments, Girish Kulkarni, Girish Kulkarni, Vineet Joshi, and Vineet Joshi.
The valuation of ShopWorx is $1.32M as of Sep 2020.
ShopWorx is associated with 2 legal entities: Entrib Technologies Private Limited, Entrib Analytics Technology Private Limited.
The legal entities of ShopWorx currently have 3 directors, including Zhimao Ye, Kiran Nataraj, Swapnil Pandharinath Amritkar.