We-Convert

Noida, India Founded: 2015 • Age: 11 yrs
IoT-enabled smart trash cans are provided for waste segregation.
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Report Incorrect Data
Annual revenue $1,517 Latest available
Total funding $97,958 3 rounds
Employees - Tracked headcount
Investors 2 Known backers
Products - Services tracked
Competitors 9 Brand Intelligence

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
  • Sectors
    Environment
    Technology
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Frolitic Energy Solutions Private Limited
  • Date of Incorporation 22 Aug, 2017
  • Jurisdiction Faridabad, Haryana, India
Operational Areas
Environment → Environmental Management & Pollution Control → Unlock Sub-Sector → Unlock Segment
Technology → Internet of Things (IoT) & Connectivity → Unlock Sub-Sector → Unlock Segment
Key Metrics
  • Annual Revenue
    $1.52 K (USD)
    -93.15
    as on Mar 31, 2020
  • Net Profit
    -$7.51 K (USD)
    -105.3
    as on Mar 31, 2020
  • EBITDA
    -$7.46 K (USD)
    -305.55
    as on Mar 31, 2020
  • Total Equity Funding
    $97.96 K (USD)

    in 3 rounds

  • Latest Funding Round
    $50 K (USD), Seed

    Aug 14, 2020

  • Investors
    Marl Accelerator

    & 1 more

  • Employee Count
    Not available
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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.

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.

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Venture Fund
Investor Description Founded Year Domain Location
Marl Accelerator
Deep tech startups in mobility and robotics are accelerated.
Locked Locked Locked
Alchemist Accelerator
Enterprise startups are accelerated via a 6-month program.
Locked Locked Locked
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Investor details for We-Convert

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Investments & Acquisitions by We-Convert

Investments
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Investment portfolio details for We-Convert

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Financial Statements - We-Convert

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Detailed financials for We-Convert

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We-Convert Comparisons

We-Convert Primary company
Description
IoT-enabled smart trash cans are provided for waste segregat...
Location
Noida, India
Founded Year
2015
Annual Revenue
$1.52 K (USD)
Net Profit
-$7.51 K (USD)
EBITDA
-$7.46 K (USD)
Employees
Not available
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Peer comparison for We-Convert

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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.

Company Name Domain Founded year HQ Location Description
ScrapUncle
Locked Locked Locked
ScrapUncle - Recycling Made Easy
ECOWRAP
Locked Locked Locked
Online waste removal services are scheduled with user incentives.
R2 PROMISE
Locked Locked Locked
E-waste recycling and producer responsibility services are provided to manufacturers.
Udiyate
Locked Locked Locked
IoT-enabled smart bins for recyclable waste collection are developed.
Encashea
Locked Locked Locked
Online sports betting platform offering live wagering and casino entertainment for users.
Incubate Soft
Locked Locked Locked
Provides end-to-end operations management solutions for bus operators.
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Detailed competitors of We-Convert

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Latest news on We-Convert

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Complete news archive for We-Convert

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Frequently Asked Questions about We-Convert

We-Convert was founded in 2015 and raised its 1st funding round 3 years after it was founded.

We-Convert is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.

We-Convert is a funded company, having raised a total of $97.96K across 3 funding rounds to date.

Annual revenue of We-Convert is $1.52K as on Mar 31, 2020.

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.

We-Convert's top competitors include ScrapUncle, ECOWRAP and Encashea.

We-Convert has 2 investors. Key investors include Marl Accelerator, and Alchemist Accelerator.

The valuation of We-Convert is $830.71K as of Apr 2018.

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