About Tawasul Telecom
Tawasul Telecom is a company based in Kuwait City (Kuwait) founded in 2005 was acquired by Kalaam Telecom in May 2018.. Tawasul Telecom has raised $16 million across 1 funding round from investors including Kalaam Telecom and Gulf Investment Corporation. Tawasul Telecom offers products and services including InterWorx-CP and InterWorx Tools.
- Headquarter Kuwait City, Kuwait
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Interworx, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16 M (USD)
in 1 rounds
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Latest Funding Round
$16 M (USD), Series B
Mar 02, 2013
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Investors
Kalaam Telecom
& 1 more
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Employee Count
Employee Count
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Acquired by
Kalaam Telecom
(May 15, 2018)
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Products & Services of Tawasul Telecom
Tawasul Telecom offers a comprehensive portfolio of products and services, including InterWorx-CP and InterWorx Tools. 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.
It is utilized for overseeing dedicated servers and setting up web hosting accounts.
These are employed for performing routine server maintenance and ensuring operational stability.
Funding Insights of Tawasul Telecom
Tawasul Telecom has successfully raised a total of $16M through 1 strategic funding round. The most recent funding activity was a Series B round of $16 million completed in March 2013. 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 Series B — $16.0M
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First Round
First Round
(02 Mar 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2013 | Amount | Series B - Tawasul Telecom | 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 Tawasul Telecom
Tawasul Telecom has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Kalaam Telecom and Gulf Investment Corporation. 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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An investment company based in Kuwait, focused on GCC markets.
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Founded Year | Domain | Location | |
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Fixed-line telecom services are offered to businesses in Bahrain.
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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
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
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 Tawasul Telecom
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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.
|
2016 |
Financial Statements - Tawasul Telecom
| 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tawasul Telecom Comparisons
Competitors of Tawasul Telecom
| 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.
|
Frequently Asked Questions about Tawasul Telecom
When was Tawasul Telecom founded?
Tawasul Telecom was founded in 2005 and raised its 1st funding round 8 years after it was founded.
Where is Tawasul Telecom located?
Tawasul Telecom is headquartered in Kuwait City, Kuwait.
Who is the current CEO of Tawasul Telecom?
M Hassan Mohbani is the current CEO of Tawasul Telecom.
Is Tawasul Telecom a funded company?
Tawasul Telecom is a funded company, having raised a total of $16M across 1 funding round to date. The company's 1st funding round was a Series B of $16M, raised on Mar 02, 2013.
What does Tawasul Telecom do?
Tawasul Telecom was founded in 2005 and is located in Kuwait City, Kuwait. Control panels for dedicated server hosting are offered in the telecommunications sector. Servers are managed and maintained via these panels, with web hosting accounts set up and website-level access provided to webmasters. Routine maintenance tasks are automated to support ongoing operations. All server aspects are handled through the companys tools, with details available at tawasultele.com.
What products or services does Tawasul Telecom offer?
Tawasul Telecom offers InterWorx-CP and InterWorx Tools.
Who are Tawasul Telecom's investors?
Tawasul Telecom has 2 investors. Key investors include Kalaam Telecom, and Gulf Investment Corporation.