About WCube
WCube is a company based in Gurugram (India) founded in 2019 by Saloni Tiwari and Udit Karan Chandhok.. WCube has raised $856.8 thousand across 1 funding round from investors including Mumbai Angels, Lepton Software and Faad Capital. The company has 26 employees as of April 09, 2024. WCube offers products and services including Cube Procure, Cube Ops, and Vendor Cube. WCube operates in a competitive market with competitors including Moglix, IndiaMART, Udaan, Solv and ProcMart, among others.
- Headquarter Gurugram, India
- Employees 26 as on 09 Apr, 2024
- Founders Saloni Tiwari, Udit Karan Chandhok
- Stage Minicorn
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Sectors
RetailTechnology
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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 Wcube Solutions Private Limited
- Date of Incorporation 25 Nov, 2019
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$1.04 M (USD)464.32as on Mar 31, 2022
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Net Profit
$-367.3 K (USD)-15676.27as on Mar 31, 2022
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EBITDA
$-286.88 K (USD)-8168.55as on Mar 31, 2022
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Total Equity Funding
$856.8 K (USD)
in 1 rounds
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Latest Funding Round
$856.8 K (USD), Seed
Aug 27, 2021
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Investors
Mumbai Angels
& 78 more
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Employee Count
26
as on Apr 09, 2024
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Products & Services of WCube
WCube offers a comprehensive portfolio of products and services, including Cube Procure, Cube Ops, and Vendor Cube. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for B2B ordering and supply management
Tools for supply chain and delivery operations
System for partner and vendor handling
Funding Insights of WCube
WCube has successfully raised a total of $856.8K through 1 strategic funding round. The most recent funding activity was a Seed round of $856.8 thousand completed in August 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 Total Funding
- Total Rounds 1
- Last Round Seed — $856,800
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First Round
First Round
(27 Aug 2021)
- Investors Count 79
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Seed - WCube | Valuation | Mumbai Angels , x10x ventures |
| 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 WCube
WCube has secured backing from 79 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mumbai Angels, Lepton Software and Faad Capital. 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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Early-stage venture investments are facilitated by Mumbai Angels network.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Angel network focused on early-stage investments
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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 WCube
| 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 - WCube
| 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 |
Wcube Comparisons
Competitors of WCube
WCube 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 Moglix, IndiaMART, Udaan, Solv and ProcMart, 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 |
Multi-category products are supplied via a B2B marketplace platform.
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| domain | founded_year | HQ Location |
Online B2B marketplace connecting buyers and suppliers of diverse industrial products
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| domain | founded_year | HQ Location |
Online marketplace offering multi-category products
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| domain | founded_year | HQ Location |
A B2B e-commerce platform is operated for MSMEs in India.
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| domain | founded_year | HQ Location |
Online platform offering procurement and supply chain solutions
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| domain | founded_year | HQ Location |
Multi-category products are facilitated via a B2B marketplace platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about WCube
When was WCube founded?
WCube was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is WCube located?
WCube is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of WCube?
Udit Karan Chandhok is the current CEO of WCube. They have also founded this company.
Is WCube a funded company?
WCube is a funded company, having raised a total of $856.8K across 1 funding round to date. The company's 1st funding round was a Seed of $856.8K, raised on Aug 27, 2021.
How many employees does WCube have?
As of Apr 09, 2024, the latest employee count at WCube is 26.
What is the annual revenue of WCube?
Annual revenue of WCube is $1.04M as on Mar 31, 2022.
What does WCube do?
WCube was founded in 2019 and is headquartered in Gurugram, India. A tech-enabled B2B procurement platform is provided to mid- and large-sized enterprises, where procurement processes are streamlined through connections between suppliers and buyers. Comprehensive solutions are offered, including a wide range of products and services, with transaction costs managed via the wcubeindia.com domain. Operations focus on creating synergies in the procurement sector.
What products or services does WCube offer?
WCube offers Cube Procure, Cube Ops, and Vendor Cube.
Who are WCube's investors?
WCube has 79 investors. Key investors include Mumbai Angels, Lepton Software, Faad Capital, RCS Advisors, and x10x ventures.
What is WCube's valuation?
The valuation of WCube is $4.44M as of Aug 2021.