About Wakao
Wakao is a Media & Entertainment company based in Bengaluru (India) founded in 2021 by Rajesh Rebala. App-based platform for participating in challenges. Wakao has raised $2.44 million across 1 funding round from investors including Accel, Whiteboard Capital and Elevation Capital. The company has 18 employees. Wakao was last valued at $8.79 million in October 2021. Its Indian entity Palaestra Technologies Private Limited reported revenue of ₹22.9 Lakh. Its focus areas include Consumer, Social Platforms, Interest Based and Horizontal.
Company details
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.
- Headquarters Bengaluru, India
- Employees 18
- Founders Rajesh Rebala
- Stage Minicorn
- SectorsMedia & Entertainment
- Website wakao.app
- Social LinkedIn
- Legal Name Palaestra Technologies Private Limited
- Date of Incorporation 30 Jul, 2021
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹22.9 Lakh
FY 2022
- Net Loss-₹4.39 Cr
FY 2022 · -1913% margin
- EBITDA-₹4.34 Cr
FY 2022 · -1893% margin
- Total Equity Funding$2.44M (USD)
in 1 rounds
- Latest Funding Round$2.44M (USD), Seed
Oct 2021
- InvestorsAccel
& 21 more
- Employee Count18
Associated legal entities of Wakao
Wakao operates through Palaestra Technologies Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Palaestra Technologies Private Limited CIN U72900KA2021PTC150136 | Under Liquidation | 30 Jul 2021 | Bangalore, Karnataka | ₹0.2 Cr | 18 | 3 | View details |
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.
- Total Funding $2.44M
- Total Rounds 1
- Last Round Seed — $2.44M
- First Round $2.44M
(Oct 2021)
- Investors Count 22
All 1 funding rounds of Wakao 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 |
|---|---|---|---|---|---|
| Oct 2021 | $2.44M | Seed | $8.79M | Accel, Elevation Capital |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2021 | $8.79M | •••••••• |
Last known valuation $8.79M (Oct 2021). 22 investors in total: 4 institutional and 18 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
Investment support is provided to startups by Whiteboard Capital. | 2017 | whiteboardcap.com | Mumbai, India | |
Early-stage companies are invested in by Better Capital. | bettercapital.vc | Santa Clara, United States | ||
SM Sriharsha Majety | Co-founder & CEO of Swiggy, prominent angel investor in Indian startups | unknown_8d1bb3d368ca4fd28 | ||
KB Kunal Bahl | Co-founder of Snapdeal, Titan Capital, active angel investor in Indian startups | unknown_5d349bd2b948438a8 | ||
AK Aakash Kumar | Angel investor and entrepreneur, focusing on early-stage Indian startups. | unknown_0c5c5f415b6e43f9b | ||
NS Narasimha Sripad Panyam | unknown_454719575cb244058 | |||
TB Thejasvi Bhat | unknown_404a0f9ef81a4cbe9 | |||
RJ Rahul Jaimini | Co-founder of Swiggy, angel investor in Indian startups | unknown_669fde7b788d4226b |
Investor details for Wakao
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 Palaestra Technologies Private Limited (Wakao)
Palaestra Technologies Private Limited is the primary company behind Wakao. The board of Palaestra Technologies Private Limited currently have 3 directors; the longest-serving is Rajesh Rebala, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajesh Rebala DIN 09260937 | Director | 30 Jul 2021 | 5 yrs 2 mo | Palaestra Technologies Private Limited |
| Anurag Choudhary DIN 09260938 | Director | 30 Jul 2021 | 5 yrs 2 mo | Palaestra Technologies Private Limited |
| Jayagopal Venkataraman DIN 07053730 | IRP/RP/Liquidator | 24 Apr 2023 | 3 yrs 6 mo | Palaestra Technologies Private Limited |
People of Wakao
1 people are tracked at Wakao (1 in leadership); the tracked headcount is 18.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Wakao
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 Wakao
Figures of Palaestra Technologies Private Limited, the primary company behind Wakao, for FY 2022. Revenue was ₹22.9 Lakh. Net loss was -₹4.39 Cr (-1913% margin). EBITDA was -₹4.34 Cr (-1893% margin).
- ₹22.9 LakhRevenue · FY 2022
- -₹4.39 CrNet loss · -1913% margin
- -₹4.34 CrEBITDA · -1893% margin
- ₹7.2 LakhPaid-up capital
- 18Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Palaestra Technologies Private Limited are on its company page.
Detailed financial statements for Wakao
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 Wakao
3 dated milestones of Wakao, from founding to its latest funding, stage changes and deals.
- Founded Wakao is founded.
- Funding First funding round of $2.4M.
- Milestone Reaches Minicorn status.
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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. The company's 1st funding round was a Seed of $2.44M, raised on Oct 2021.
Wakao has 18 employees.
The primary company behind Wakao, Palaestra Technologies Private Limited, reported revenue of ₹22.9 Lakh for FY 2022.
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 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.
Wakao operates through Palaestra Technologies Private Limited.
The legal entities of Wakao currently have 3 directors, including Rajesh Rebala, Anurag Choudhary, Jayagopal Venkataraman.