About Updeed
Updeed is a company based in Mumbai (India) founded in 2020 by Shivaji Banotu and Sonal Shukla. Updeed has raised $60.57 thousand across 1 funding round from investors including Pratush Kumar Tewari, Rajeev Ranjan and Umesh. Updeed offers products and services including UPDEED App, Gratitude Wall, and Campaigns Tool. Updeed operates in a competitive market with competitors including Friendster, Spring.me, Omi, Friendable and Melon AI, among others.
- Headquarter Mumbai, India
- Founders Shivaji Banotu, Sonal Shukla
- Stage Minicorn
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Sectors
Media & Entertainment
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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 Eco Commute Private Limited
- Date of Incorporation 22 Aug, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
Not available
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Net Profit
-$68.43 (USD)0as on Mar 31, 2020
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EBITDA
Not available
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Total Equity Funding
$60.57 K (USD)
in 1 rounds
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Latest Funding Round
$60.57 K (USD), Angel Round
Jun 28, 2021
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Investors
& 9 more
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Employee Count
Not available
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Products & Services of Updeed
Updeed offers a comprehensive portfolio of products and services, including UPDEED App, Gratitude Wall, and Campaigns Tool.
App for sharing and appreciating good deeds globally
Feature to share and discover user-recommended stories
Tool for creating and managing social impact initiatives
Funding Insights of Updeed
Updeed has successfully raised a total of $60.57K through 1 strategic funding round. The most recent funding activity was a Angel Round of $60.57 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.
Investors in Updeed
Updeed has secured backing from 10 investors, including angel investors. Prominent investors backing the company include Pratush Kumar Tewari, Rajeev Ranjan and Umesh.
| Investor | Description | Founded Year | Domain | Location |
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Pratush Kumar Tewari |
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Locked | Locked | Locked |
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Rajeev Ranjan |
Angel investor, founder of multiple startups, ex-Amazon leader
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Umesh |
Co-founder of Uniphore, angel investor in Indian startups
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Locked | Locked | Locked |
Investor details for Updeed
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Updeed
Investment portfolio details for Updeed
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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Verified entity values are shown only after access is granted.
Financial Statements - Updeed
Detailed financials for Updeed
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
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Updeed Comparisons
Peer comparison for Updeed
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Updeed
Updeed 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 Friendster, Spring.me, Omi, Friendable and Melon AI, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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User experience and data privacy are prioritized in social networking.
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Social networking portal
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A dating and social networking platform is provided by Omi.
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Functions as an app-based platform to connect people socially.
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Artificial intelligence solutions for business process automation are developed.
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Social media marketing platform for businesses
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Detailed competitors of Updeed
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Verified entity values are shown only after access is granted.
Latest news on Updeed
Complete news archive for Updeed
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Frequently Asked Questions about Updeed
Updeed was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Updeed is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sonal Shukla is the current CEO of Updeed. They have also founded this company.
Updeed is a funded company, having raised a total of $60.57K across 1 funding round to date.
Updeed was founded in 2020 in Mumbai, India, as a social platform focused on positivity. Users are enabled to discover, share, and comment on good deeds while connecting with like-minded individuals. The service operates within the social media sector and is accessible via an Android app. Operations center on fostering community interactions around uplifting content.
Updeed's top competitors include Omi, Spring.me and Friendster.
Updeed offers UPDEED App, Gratitude Wall, and Campaigns Tool.
Updeed has 10 investors. Key investors include Pratush Kumar Tewari, Rajeev Ranjan, Umesh, Gyanendra Deo Tripathi, and Puneet Agrawal.
The valuation of Updeed is $19.95M as of Jun 2021.