About Venwiz
Venwiz is a company based in Bengaluru (India) founded in 2020 by Rajesh Reddy and Sandesh Paturi.. Venwiz has raised $11.36 million across 2 funding rounds from investors including Accel, Nexus Venture Partners and Riverwalk Holdings. The company has 52 employees as of April 02, 2024. Venwiz operates in a competitive market with competitors including Zetwerk, Bijnis, ZYOD, Fashinza and Prodo, among others.
- Headquarter Bengaluru, India
- Employees 52 as on 02 Apr, 2024
- Founders Rajesh Reddy, Sandesh Paturi
- Stage Minicorn
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Sectors
Industrial Goods & ManufacturingRetail
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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 Venwiz Technologies Private Limited
- Date of Incorporation 24 Aug, 2020
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$164.34 K (USD)58.43as on Mar 31, 2023
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Net Profit
$-1.35 M (USD)-147.12as on Mar 31, 2023
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EBITDA
$-1.32 M (USD)-174.47as on Mar 31, 2023
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Total Equity Funding
$11.36 M (USD)
in 2 rounds
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Latest Funding Round
$8.3 M (USD), Series A
Feb 15, 2023
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Investors
Accel
& 21 more
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Employee Count
52
as on Apr 02, 2024
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Funding Insights of Venwiz
Venwiz has successfully raised a total of $11.36M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8.3 million completed in February 2023. 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 2
- Last Round Series A — $8.3M
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First Round
First Round
(18 Dec 2020)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series A - Venwiz | Valuation | Sorin | |
| Dec, 2020 | Amount | Seed - Venwiz | Valuation | Accel , Nexus Venture Partners |
| 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 Venwiz
Venwiz has secured backing from 22 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Accel, Nexus Venture Partners and Riverwalk Holdings. 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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Investment firm offering funding solutions to early stage tech companies
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital firm that partners with entrepreneurs for product-first companies.
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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 Venwiz
| 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 - Venwiz
| 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 |
Venwiz Comparisons
Competitors of Venwiz
Venwiz 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 Zetwerk, Bijnis, ZYOD, Fashinza and Prodo, 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 |
Manufacturing solutions are provided for industrial and consumer sectors.
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| domain | founded_year | HQ Location |
Online platform offering B2B sourcing and trading solutions
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| domain | founded_year | HQ Location |
End-to-end fashion manufacturing support is provided through digital tools.
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| domain | founded_year | HQ Location |
AI-enabled production solutions are offered for the fashion industry.
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| domain | founded_year | HQ Location |
Manufacturing services are provided via an online digital marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Venwiz
Frequently Asked Questions about Venwiz
When was Venwiz founded?
Venwiz was founded in 2020.
Where is Venwiz located?
Venwiz is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Venwiz?
Rajesh Reddy is the current CEO of Venwiz. They have also founded this company.
Is Venwiz a funded company?
Venwiz is a funded company, having raised a total of $11.36M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.06M, raised on Dec 18, 2020.
How many employees does Venwiz have?
As of Apr 02, 2024, the latest employee count at Venwiz is 52.
What is the annual revenue of Venwiz?
Annual revenue of Venwiz is $164.34K as on Mar 31, 2023.
What does Venwiz do?
Venwiz was established in 2020 and is based in Bengaluru, India. A digital marketplace is operated to handle capex procurement and vendor management in the manufacturing sector. Manufacturers are linked to vendors through a discovery-based approach, with project execution supported by a centralized system for industrial services. Operations focus on efficient sourcing and management processes across the industry.
Who are Venwiz's investors?
Venwiz has 22 investors. Key investors include Accel, Nexus Venture Partners, Riverwalk Holdings, Kettleborough VC, and Force Ventures.
What is Venwiz's valuation?
The valuation of Venwiz is $9.1M as of Dec 2020.