About Watasale
Watasale is a company based in Kochi (India) founded in 2018 was acquired by Amazon in September 2022.. Watasale operates in a competitive market with competitors including ITAB, Everseen, BillerX, Hopq and Zwing, among others.
- Headquarter Kochi, India
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Sectors
Retail
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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 Nayasale Retail Private Limited
- Date of Incorporation 26 Jul, 2018
- Jurisdiction Cochin, Kerala, India
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Funding Insights of Watasale
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Watasale
Watasale has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Amazon. 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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Multi-category products are offered through an online marketplace.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Watasale
| 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 - Watasale
| 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 |
Watasale Comparisons
Competitors of Watasale
Watasale 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 ITAB, Everseen, BillerX, Hopq and Zwing, 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 |
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| domain | founded_year | HQ Location |
Self-checkout solutions are provided for retail businesses worldwide.
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AI-based theft detection is offered for offline retail stores.
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Provides a self-checkout solution for brick-and-mortar stores, enabling contactless payments to reduce queues and prevent cart abandonment.
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Provides a cloud-based self-checkout system for offline retail stores.
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Self-checkout is facilitated for offline retail via mobile QR scanning.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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 Watasale
Frequently Asked Questions about Watasale
When was Watasale founded?
Watasale was founded in 2018.
Where is Watasale located?
Watasale is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
What is the annual revenue of Watasale?
Annual revenue of Watasale is $952.28K as on Mar 31, 2020.
What does Watasale do?
Watasale was founded in 2018 in Kochi, India, within the AI-driven retail technology sector. An omnichannel self-service smart cashier solution is offered, incorporating consumer biometric identification, shopping path analysis, and purchasing behavior evaluation. Automated payment processing is facilitated, alongside other retail optimization features. A mobile application is available for Android and iOS users to support these operations.
Who are the top competitors of Watasale?
Who are Watasale's investors?
Watasale has 1 investor. Key investors include Amazon.