About We-Convert
We-Convert is a company based in Noida (India) founded in 2015.. We-Convert has raised $97.96 thousand across 3 funding rounds from investors including Marl Accelerator and Alchemist Accelerator. We-Convert operates in a competitive market with competitors including ScrapUncle, ECOWRAP, R2 PROMISE, Udiyate and Encashea, among others.
- Headquarter Noida, India
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Sectors
EnvironmentTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Frolitic Energy Solutions Private Limited
- Date of Incorporation 22 Aug, 2017
- Jurisdiction Faridabad, Haryana, India
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Annual Revenue
$1.52 K (USD)-93.15as on Mar 31, 2020
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Net Profit
$-7.51 K (USD)-105.3as on Mar 31, 2020
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EBITDA
$-7.46 K (USD)-305.55as on Mar 31, 2020
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Total Equity Funding
$97.96 K (USD)
in 3 rounds
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Latest Funding Round
$50 K (USD), Seed
Aug 14, 2020
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Investors
Marl Accelerator
& 1 more
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Employee Count
Employee Count
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Funding Insights of We-Convert
We-Convert has successfully raised a total of $97.96K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $50 thousand completed in August 2020. 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 3
- Last Round Seed — $50,000
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First Round
First Round
(25 Apr 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Seed - We-Convert | Valuation |
investors |
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| May, 2020 | Amount | Seed - We-Convert | Valuation | Alchemist Accelerator |
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| Apr, 2018 | Amount | Seed - We-Convert | Valuation |
investors |
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| 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 We-Convert
We-Convert has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Marl Accelerator and Alchemist Accelerator. 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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Deep tech startups in mobility and robotics are accelerated.
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Founded Year | Domain | Location | |
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Enterprise startups are accelerated via a 6-month program.
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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 We-Convert
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 - We-Convert
| 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 |
We-Convert Comparisons
Competitors of We-Convert
We-Convert 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 ScrapUncle, ECOWRAP, R2 PROMISE, Udiyate and Encashea, 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 |
ScrapUncle - Recycling Made Easy
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| domain | founded_year | HQ Location |
Online waste removal services are scheduled with user incentives.
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| domain | founded_year | HQ Location |
E-waste recycling and producer responsibility services are provided to manufacturers.
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| domain | founded_year | HQ Location |
IoT-enabled smart bins for recyclable waste collection are developed.
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| domain | founded_year | HQ Location |
Online sports betting platform offering live wagering and casino entertainment for users.
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| domain | founded_year | HQ Location |
Provides end-to-end operations management solutions for bus operators.
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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 We-Convert
When was We-Convert founded?
We-Convert was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is We-Convert located?
We-Convert is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Is We-Convert a funded company?
We-Convert is a funded company, having raised a total of $97.96K across 3 funding rounds to date. The company's 1st funding round was a Seed of $47.96K, raised on Apr 25, 2018.
What is the annual revenue of We-Convert?
Annual revenue of We-Convert is $1.52K as on Mar 31, 2020.
What does We-Convert do?
We-Convert was founded in 2015 in Noida, India, as a waste management startup. IoT-enabled smart bins are developed to automatically segregate recyclable waste and generate data insights. Collected waste is removed and recycled through partner networks. Users are rewarded with discount coupons based on the volume and type of disposed waste, supporting efficient urban waste handling in the sector.
Who are the top competitors of We-Convert?
We-Convert's top competitors include ScrapUncle, ECOWRAP and Encashea.
Who are We-Convert's investors?
We-Convert has 2 investors. Key investors include Marl Accelerator, and Alchemist Accelerator.
What is We-Convert's valuation?
The valuation of We-Convert is $830.71K as of Apr 2018.