About Updeed
Updeed is a Media & Entertainment company based in Mumbai (India) founded in 2020 by Shivaji Banotu and Sonal Shukla. It operates as a social platform for sharing positive thoughts. Updeed has raised $60.57 thousand across 1 funding round from investors including Pratush Kumar Tewari, Rajeev Ranjan and Umesh. Updeed was last valued at $19.95 million in June 2021. Its chief executive is Sonal Shukla. Updeed offers products and services including UPDEED App, Gratitude Wall, and Campaigns Tool. Its focus areas include Consumer, Social Platforms, Interest Based and Horizontal. Its legal entity in India is Eco Commute Private Limited (U74999MH2017PTC298884). Its competitors include Friendster, Spring.me, Omi, Friendable and Melon AI and 3 more; 3 of its 8 listed competitors have raised funding.
Company details
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.
- Headquarters Mumbai, India
- Founders Shivaji Banotu, Sonal Shukla
- Stage Minicorn
- SectorsMedia & Entertainment
- Email••••••••
- Website updeed.co
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Eco Commute Private Limited
- Date of Incorporation 22 Aug, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Net Loss-₹5,000
FY 2020 · 0% margin
- Total Equity Funding$60.57K (USD)
in 1 rounds
- Latest Funding Round$60.57K (USD), Angel Round
Jun 2021
Associated legal entities of Updeed
Updeed operates through Eco Commute Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Eco Commute Private Limited CIN U74999MH2017PTC298884 | Active | 22 Aug 2017 | Mumbai, Maharashtra | – | – | 2 | View details |
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
Apps and channels of Updeed
Updeed publishes 2 mobile apps with over 10K+ downloads; its YouTube channel Updeed has 72 subscribers and 17 videos.
Videos from Updeed
The most watched videos on Updeed's YouTube channel, Updeed (72 subscribers). Click a video to play it here.
More on Updeed.
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.
- Total Funding $60,570
- Total Rounds 1
- Last Round Angel Round — $60,570
- First Round $60,570
(Jun 2021)
- Investors Count 10
All 1 funding rounds of Updeed 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 | $60,570 | Angel Round | $19.95M | Pratush Kumar Tewari |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2021 | $19.95M | •••••••• |
Last known valuation $19.95M (Jun 2021). 10 investors in total: 0 institutional and 10 angel.
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 |
|---|---|---|---|---|
PK Pratush Kumar Tewari | - | – | unknown_94e41c199bdb4a18a | - |
RR Rajeev Ranjan | Angel investor, founder of multiple startups, ex-Amazon leader | – | unknown_e30bf4a580f04d63a | - |
U Umesh | Co-founder of Uniphore, angel investor in Indian startups | – | unknown_77bfae76596e4cd6a | - |
GD Gyanendra Deo Tripathi | - | – | unknown_90b2f95a1f4945d69 | - |
PA Puneet Agrawal | Angel investor, ex-Amazon, focused on early-stage Indian startups | – | unknown_e00dc174b80c445f8 | - |
VS Vishal Saldanha | - | – | unknown_e20f411a89c3473e9 | - |
SB Shivaji Banotu | - | – | unknown_8c6495380d5c48408 | - |
RR Rajeev Ranjan | - | – | unknown_19a5368d34a54889b | - |
UK Umesh Kumar | - | – | unknown_5ef798d2de1b4e5b8 | - |
PA Puneet Agrawal | - | – | unknown_2551e3d5ebcb476ea | - |
Investor details for Updeed
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 Eco Commute Private Limited (Updeed)
Eco Commute Private Limited is the primary company behind Updeed. The board of Eco Commute Private Limited currently have 2 directors; the longest-serving is Sonal Shukla, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sonal Shukla DIN 07905987 | Director | 22 Aug 2017 | 9 yrs 1 mo | Eco Commute Private Limited |
| Tanu Tiwari DIN 09007109 | Director | 28 Dec 2020 | 5 yrs 9 mo | Eco Commute Private Limited |
People of Updeed
2 people are tracked at Updeed (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Updeed
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 Updeed
Figures of Eco Commute Private Limited, the primary company behind Updeed, for FY 2020. Net loss was -₹5,000 (0% margin).
- -₹5,000Net loss · 0% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Eco Commute Private Limited are on its company page.
Detailed financial statements for Updeed
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 Updeed
3 dated milestones of Updeed across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Updeed is founded.
- Funding First funding round of $61K.
- Milestone Reaches Minicorn status.
Competitors of Updeed
Updeed has 8 listed competitors in our database, 3 of them funded. They include Friendster, Spring.me, Omi, Friendable and Melon AI, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| friendster.com | 2001 | Kuala Lumpur, Malaysia | $46.1M | – | User experience and data privacy are prioritized in social networking. | |
| spring.me | 2013 | London, United Kingdom | $3.3M | 41 | Social networking portal | |
| omi.sg | 2018 | Admiralty, China | – | – | A dating and social networking platform is provided by Omi. | |
| friendable.com | 2007 | Campbell, United States | – | 5 | Functions as an app-based platform to connect people socially. | |
| meln.ai | 2022 | Paris, France | – | – | Artificial intelligence solutions for business process automation are developed. | |
| loktantram.com | 2021 | Mumbai, India | $7.23M | 71 | Social media marketing platform for businesses | |
| tribefy.com | 2021 | Las Vegas, United States | – | – | Operates as an online social platform to connect and engage friends effectively. | |
| studivz.net | 2005 | Berlin, Germany | – | – | Functions as a German-based social network for users. |
Detailed competitors of Updeed
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Updeed
The website of Updeed (updeed.co) receives about 2.9K visits a month.
- Monthly visits2.9K
▲ 18.7% vs previous month
Top companies in Social Platforms
10 companies that operate in the same segment as Updeed (Social Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Social platform for sharing short videos | 2011 | Haidian, Beijing, China | USD 4.79 B | USD 17.72 B | 6,336 | |
Online social networking and communication services are provided globally. | 2004 | Menlo Park, California, United States | USD 1.77 B | – | 23,339 | |
ESports social video streaming platform | 2006 | San Francisco, California, United States | USD 35.12 M | – | – | |
Subscription-based platform for publishers' content management is provided. | 2017 | San Francisco, California, United States | USD 189.5 M | USD 1.45 M | 4,285 | |
Subscription-based social networking platform for runners and cyclists | 2009 | San Francisco, California, United States | USD 180 M | – | 999 | |
User-generated videos and content are shared and streamed online. | 2005 | San Bruno, California, United States | USD 11.5 M | – | – | |
New people are connected via a GPS-enabled social platform. | 2005 | New Hope, United States | USD 37.9 M | – | – | |
Micro-blogging platform for real-time updates and multimedia sharing is operated. | 2009 | Beijing, China | USD 586 M | – | – | |
Provider of DNA testing services to create a family tree and ancestor | 2003 | Yehud, Central District, Israel | USD 40 M | – | – | |
Real-time classroom behavior feedback is delivered to students by teachers. | 2011 | San Francisco, California, United States | USD 221.22 M | – | 521 |
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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. The company's 1st funding round was a Angel Round of $60.57K, raised on Jun 2021.
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.
Updeed operates through Eco Commute Private Limited.
The legal entities of Updeed currently have 2 directors, including Tanu Tiwari, Sonal Shukla.
Yes. Updeed publishes UPDEED - Change Makers Network and 1 more app, with over 10,000 downloads.