About SocietyConnect
SocietyConnect is a company based in Gurugram (India) founded in 2015 by Sudhriti Mukerjee was acquired by NoBroker in February 2020.. SocietyConnect has raised $491.84 thousand across 3 funding rounds from investors including NoBroker, Ashok Kumar Vaid and Gaurav Khurana. The company has 30 employees as of March 29, 2024. SocietyConnect offers products and services including Visitor Management System, Domestic Staff Management, Complaint Management, and Maintenance and Utility Bill Payments. SocietyConnect operates in a competitive market with competitors including RealPage, AppFolio, Entrata, Johnson Controls and RentRedi, among others.
- Headquarter Gurugram, India
- Employees 30 as on 29 Mar, 2024
- Founders Sudhriti Mukerjee
- Stage Minicorn
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mass It Channel Private Limited
- Date of Incorporation 01 Jul, 2015
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$1.06 K (USD)0as on Mar 31, 2016
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Net Profit
$-2.45 K (USD)0as on Mar 31, 2016
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EBITDA
$-2.44 K (USD)0as on Mar 31, 2016
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Total Equity Funding
$491.84 K (USD)
in 3 rounds
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Latest Funding Round
$157.61 K (USD), Angel Round
Dec 03, 2018
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Investors
NoBroker
& 24 more
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Employee Count
30
as on Mar 29, 2024
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Acquired by
NoBroker
(Feb 11, 2020)
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Products & Services of SocietyConnect
SocietyConnect offers a comprehensive portfolio of products and services, including Visitor Management System, Domestic Staff Management, Complaint Management, and Maintenance and Utility Bill Payments. 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.
Tool for tracking and managing visitor entries in housing societies
System to monitor and rate domestic help attendance digitally
Platform for raising and tracking complaints in residential communities
App for handling and tracking society maintenance payments
Funding Insights of SocietyConnect
SocietyConnect has successfully raised a total of $491.84K across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $157.61 thousand completed in December 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 3
- Last Round Angel Round — $157,610
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First Round
First Round
(30 Jan 2017)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Angel Round - SocietyConnect | Valuation | Ashok Kumar Vaid | |
| May, 2018 | Amount | Angel Round - SocietyConnect | Valuation | Naveen Jain | |
| Jan, 2017 | Amount | Angel Round - SocietyConnect | Valuation | Amit Bose , Rajiv Kumar |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 SocietyConnect
SocietyConnect has secured backing from 25 investors, including angel investors. Prominent investors backing the company include NoBroker, Ashok Kumar Vaid and Gaurav Khurana. 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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AK
Ashok Kumar Vaid |
-
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Founded Year | Domain | Location |
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GK
Gaurav Khurana |
Angel investor, ex-COO of Paytm Money, focused on fintech and tech startups
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Founded Year | Domain | Location |
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JB
Jyoti Bisarya |
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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 SocietyConnect
| 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 - SocietyConnect
| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Societyconnect Comparisons
Competitors of SocietyConnect
SocietyConnect 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 RealPage, AppFolio, Entrata, Johnson Controls and RentRedi, 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 |
AI-enabled property management software is provided for residential properties.
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| domain | founded_year | HQ Location |
SaaS-driven property management software for owners and residential property managers
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| domain | founded_year | HQ Location |
SaaS-driven property management software is provided for owners and managers.
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| domain | founded_year | HQ Location |
Automotive batteries and HVAC equipment are manufactured and supplied globally.
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| domain | founded_year | HQ Location |
Provider of a SaaS-driven tech-first rental agency
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| domain | founded_year | HQ Location |
SaaS-based management solutions are offered for commercial buildings.
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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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Frequently Asked Questions about SocietyConnect
When was SocietyConnect founded?
SocietyConnect was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is SocietyConnect located?
SocietyConnect is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is SocietyConnect a funded company?
SocietyConnect is a funded company, having raised a total of $491.84K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $64.48K, raised on Jan 30, 2017.
How many employees does SocietyConnect have?
As of Mar 29, 2024, the latest employee count at SocietyConnect is 30.
What is the annual revenue of SocietyConnect?
Annual revenue of SocietyConnect is $1.06K as on Mar 31, 2016.
What does SocietyConnect do?
Founded in 2015 in Gurugram, India, SocietyConnect operates in the property management sector. Administrators are supported in handling bills, complaints, and facilities through the platform. Residents access an app to register complaints, book facilities, and track visitors. Clients such as Pacific Hills, Palm Greens, and DLF Silver Oaks are served. As of December 2016, over 16,000 active users were reported.
Who are the top competitors of SocietyConnect?
What products or services does SocietyConnect offer?
SocietyConnect offers Visitor Management System, Domestic Staff Management, Complaint Management, and Maintenance and Utility Bill Payments.
Who are SocietyConnect's investors?
SocietyConnect has 25 investors. Key investors include NoBroker, Ashok Kumar Vaid, Gaurav Khurana, Jyoti Bisarya, and Robin Bisarya.
What is SocietyConnect's valuation?
The valuation of SocietyConnect is $2.9M as of Dec 2018.
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