About Simply5
Simply5 is a Technology company based in Hyderabad (India) founded in 2020 by Yeshwanth Reddy. Cloud-based VPN solutions for secure business networks are offered. Simply5 has raised $100 thousand across 1 funding round from investors including Upekkha. Its Indian entity Openwifi Labs Private Limited reported revenue of ₹46.9 Lakh. Simply5 offers products and services including EDGE and CloudLAN. Its focus areas include Enterprise Infrastructure, Cybersecurity, Network Security and VPN.
Company details
Simply5 was founded in 2020 in Hyderabad, India, as a provider of cloud-based VPN solutions for businesses. Private networks are created to connect teams to the internet using dedicated IP addresses, with data secured through encrypted connections. Access to office servers is enabled from remote locations. Operations focus on the cybersecurity sector, serving enterprise needs for reliable remote connectivity.
- Headquarters Hyderabad, India
- Founders Yeshwanth Reddy
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website simply5.io
- Social LinkedIn X Facebook
- Legal Name Openwifi Labs Pvt Ltd
- Date of Incorporation 02 Dec, 2016
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹46.9 Lakh
FY 2024 · -13% YoY
- Net Loss-₹64,776
FY 2024 · -1% margin
- EBITDA-₹12,693
FY 2024 · 0% margin
- Total Equity Funding$100K (USD)
in 1 rounds
- Latest Funding Round$100K (USD), Seed
Jun 2021
- Investors
Associated legal entities of Simply5
Simply5 operates through Openwifi Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Openwifi Labs Private Limited CIN U74999TG2016PTC113225 | Active | 02 Dec 2016 | Hyderabad, Telangana | ₹0.5 Cr | 3 | View details |
Products & Services of Simply5
Simply5 offers a comprehensive portfolio of products and services, including EDGE and CloudLAN.
Cloud-managed device for business connectivity and control.
Secure virtual office for remote team access and collaboration.
Funding Insights of Simply5
Simply5 has successfully raised a total of $100K through 1 strategic funding round. The most recent funding activity was a Seed round of $100 thousand completed in June 2021. 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 $100,000
- Total Rounds 1
- Last Round Seed — $100,000
- First Round $100,000
(Jun 2021)
- Investors Count 1
All 1 funding rounds of Simply5 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 |
|---|---|---|---|---|---|
| Jun 2021 | $100,000 | Seed | – | – |
1 investors in total: 1 institutional.
Investors in Simply5
Simply5 has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Upekkha.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AI startup acceleration and networking services are offered globally. | 2017 | upekkha.io | Bengaluru, India |
Investor details for Simply5
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 Openwifi Labs Private Limited (Simply5)
Openwifi Labs Private Limited is the primary company behind Simply5. The board of Openwifi Labs Private Limited currently have 3 directors; the longest-serving is Yeshwanth Reddy Gade, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Yeshwanth Reddy Gade DIN 02538443 | Director | 02 Dec 2016 | 9 yrs 10 mo | Openwifi Labs Private Limited |
| Gade Shobha DIN 01188398 | Director | 02 Dec 2016 | 9 yrs 10 mo | Openwifi Labs Private Limited |
| Patlolla Reddy Kirti DIN 08070493 | Director | 19 Feb 2018 | 8 yrs 8 mo | Openwifi Labs Private Limited |
People of Simply5
1 people are tracked at Simply5 (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Simply5
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 Simply5
Figures of Openwifi Labs Private Limited, the primary company behind Simply5, for FY 2024. Revenue was ₹46.9 Lakh (-13% year on year). Net loss was -₹64,776 (-1% margin). EBITDA was -₹12,693 (0% margin). Revenue has grown at a compounded annual rate of +13% over three years and +5% over five years.
- ₹46.9 LakhRevenue · FY 2024 · -13% YoY
- -₹64,776Net loss · -1% margin
- -₹12,693EBITDA · 0% margin
- ₹5 LakhPaid-up capital
- +13%Revenue CAGR, 3 years
- +5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Openwifi Labs Private Limited are on its company page.
Detailed financial statements for Simply5
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 Simply5
2 dated milestones of Simply5 across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Simply5 is founded.
- Funding First funding round of $100K.
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Frequently Asked Questions about Simply5
Simply5 was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Simply5 is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Simply5 is a funded company, having raised a total of $100K across 1 funding round to date. The company's 1st funding round was a Seed of $100K, raised on Jun 2021.
The primary company behind Simply5, Openwifi Labs Private Limited, reported revenue of ₹46.9 Lakh for FY 2024, down 13% year on year.
Simply5 was founded in 2020 in Hyderabad, India, as a provider of cloud-based VPN solutions for businesses. Private networks are created to connect teams to the internet using dedicated IP addresses, with data secured through encrypted connections. Access to office servers is enabled from remote locations. Operations focus on the cybersecurity sector, serving enterprise needs for reliable remote connectivity.
Simply5 offers EDGE and CloudLAN.
Simply5 has 1 investor. Key investors include Upekkha.
Simply5 operates through Openwifi Labs Private Limited.
The legal entities of Simply5 currently have 3 directors, including Patlolla Reddy Kirti, Yeshwanth Reddy Gade, Gade Shobha.