About Wakao
Wakao is a company based in Bengaluru (India) founded in 2021 by Rajesh Rebala. Wakao has raised $2.44 million across 1 funding round from investors including Accel, Whiteboard Capital and Elevation Capital. The company has 18 employees as of April 06, 2024. Wakao operates in a competitive market with competitors including Friendster, Spring.me, Omi, Friendable and Melon AI, among others.
- Headquarter Bengaluru, India
- Employees 18 as on 06 Apr, 2024
- Founders Rajesh Rebala
- Stage Minicorn
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Sectors
Media & Entertainment
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Palaestra Technologies Private Limited
- Date of Incorporation 30 Jul, 2021
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$2.44 M (USD)
in 1 rounds
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Latest Funding Round
$2.44 M (USD), Seed
Oct 13, 2021
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Investors
Accel
& 21 more
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Employee Count
18
as on Apr 06, 2024
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Funding Insights of Wakao
Wakao has successfully raised a total of $2.44M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.44 million completed in October 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 Wakao
Wakao has secured backing from 22 investors, including venture fund and angel investors. Prominent investors backing the company include Accel, Whiteboard Capital and Elevation Capital.
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Accel is recognized as a leading venture capital firm.
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Elevation Capital is focused on early-stage tech investments in India.
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Investment support is provided to startups by Whiteboard Capital.
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Investor details for Wakao
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Investments & Acquisitions by Wakao
Investment portfolio details for Wakao
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Financial Statements - Wakao
Detailed financials for Wakao
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Wakao Comparisons
Peer comparison for Wakao
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Competitors of Wakao
Wakao 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 Wakao
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Latest news on Wakao
Complete news archive for Wakao
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Frequently Asked Questions about Wakao
Wakao was founded in 2021.
Wakao is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Wakao is a funded company, having raised a total of $2.44M across 1 funding round to date.
As of Apr 06, 2024, the latest employee count at Wakao is 18.
Wakao was founded in 2021 in Bengaluru, India, as an app-based platform in the digital entertainment sector. Challenges are facilitated for users, who share videos, view content from others, rate submissions, and participate in competitions. Rewards are earned through engagement. Operations focus on community-driven interactions via mobile applications, with the domain wakao.app serving as the primary access point.
Wakao's top competitors include Omi, Spring.me and Friendster.
Wakao has 22 investors. Key investors include Accel, Whiteboard Capital, Elevation Capital, Better Capital, and Sriharsha Majety.
The valuation of Wakao is $8.79M as of Oct 2021.