About WeeClu
WeeClu is a Retail company based in Hyderabad (India) founded in 2016 by Krishnaveni Panda, Gopal Panigrahy, and Laxmibilas Panigrahi. Cloud-based POS solutions are provided for business operations. WeeClu has raised $604.91 thousand across 2 funding rounds from investors including Axilor Ventures, Dominor and Ambicare Clinics. The company has 12 employees. WeeClu was last valued at $1.92 million in August 2019. Its Indian entity Weeclu Solutions Private Limited reported revenue of ₹43.6 Lakh. Its focus areas include In Store Retail Tech and POS.
Company details
WeeClu was founded in 2016 in Hyderabad, India, as a provider of cloud-based point-of-sale solutions for businesses. Enterprise applications are offered, incorporating analytics-driven real-time reports and business insights. Store operations are supported through features that enable management and performance monitoring. The platform operates within the retail technology sector, focusing on operational efficiency across various business scales.
- Headquarters Hyderabad, India
- Employees 12
- Founders Krishnaveni Panda, Gopal Panigrahy, Laxmibilas Panigrahi
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Website weeclu.com
- Legal Name Weeclu Solutions Private Limited
- Date of Incorporation 06 Dec, 2016
- Jurisdiction Ganjam, Odisha, India
- Annual Revenue₹43.6 Lakh
FY 2020 · +222% YoY
- Net Loss-₹1.48 Cr
FY 2020 · -339% margin
- EBITDA-₹1.42 Cr
FY 2020 · -326% margin
- Total Equity Funding$604.91K (USD)
in 2 rounds
- Latest Funding Round$575.97K (USD), Seed
Aug 2019
- InvestorsAxilor Ventures
& 41 more
- Employee Count12
Associated legal entities of WeeClu
WeeClu operates through Weeclu Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Weeclu Solutions Private Limited CIN U72900OR2016PTC026107 | Active | 06 Dec 2016 | Ganjam, Odisha | ₹0.4 Cr | 12 | 2 | View details |
Funding Insights of WeeClu
WeeClu has successfully raised a total of $604.91K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $575.97 thousand completed in August 2019. 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 $604,909
- Total Rounds 2
- Last Round Seed — $575,971
- First Round $28,938
(Mar 2019)
- Investors Count 42
All 2 funding rounds of WeeClu 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 |
|---|---|---|---|---|---|
| Aug 2019 | $575,971 | Seed | $1.92M | Vinayender Tulla, Kiran Peddi | |
| Mar 2019 | $28,938 | Angel Round | $1.5M | Rammohanrao Subrahmanyam Perla, Srinivas Vajhala | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2019 | $1.92M | •••••••• |
| Mar 2019 | $1.5M | •••••••• |
Last known valuation $1.92M (Aug 2019). 42 investors in total: 6 institutional and 36 angel.
Investors in WeeClu
WeeClu has secured backing from 42 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Axilor Ventures, Dominor and Ambicare Clinics.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Angel investor network investing in early-stage startups | iangroup.vc | Delhi, India | ||
Investment firm focusing on early stage, venture capital, and equities investments. | 2013 | dominorllp.com | Noida, India | |
Multiple-stage venture capital investments are managed by Haystack. | haystack.vc | Menlo Park, United States | ||
Venture capital firm investing in early-stage startups in technology sectors. | 2014 | axilor.com | Bengaluru, India | |
Offers general medicine, diabetes care, internal medicine, and diagnostics in Kondapur. | ambicareclinics.com | Hyderabad, India | ||
Provides a unified IT service suite for infrastructure management and user support. | 1992 | acs-intl.com | Chadds Ford, United States | |
VT Vinayender Tulla | unknown_a8c0d2c03b734b96b | |||
KP Kiran Peddi | unknown_c184e8ac44124a018 | |||
SJ Sanjay Jesrani | Angel investor and entrepreneur, founder of Go North Ventures, ex-CEO of NetAmbit. | unknown_5a72b077099f4eb69 | ||
AK Arun Kumar | Angel investor, ex-Microsoft, focused on early-stage Indian startups | unknown_977d76d9276847728 |
Investor details for WeeClu
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Weeclu Solutions Private Limited (WeeClu)
Weeclu Solutions Private Limited is the primary company behind WeeClu. The board of Weeclu Solutions Private Limited currently have 2 directors; the longest-serving is Gopal Krishna Panigrahy, appointed in 2018. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gopal Krishna Panigrahy DIN 08300841 | Whole-time director | 12 Dec 2018 | 7 yrs 10 mo | Weeclu Solutions Private Limited |
| Santosh Kumar Panda DIN 08300855 | Whole-time director | 12 Dec 2018 | 7 yrs 10 mo | Weeclu Solutions Private Limited |
People of WeeClu
3 people are tracked at WeeClu (3 in leadership); the tracked headcount is 12.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & Director | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for WeeClu
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of WeeClu
Figures of Weeclu Solutions Private Limited, the primary company behind WeeClu, for FY 2020. Revenue was ₹43.6 Lakh (+222% year on year). Net loss was -₹1.48 Cr (-339% margin). EBITDA was -₹1.42 Cr (-326% margin).
- ₹43.6 LakhRevenue · FY 2020 · +222% YoY
- -₹1.48 CrNet loss · -339% margin
- -₹1.42 CrEBITDA · -326% margin
- ₹1.5 LakhPaid-up capital
- 12Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Weeclu Solutions Private Limited are on its company page.
Detailed financial statements for WeeClu
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of WeeClu
4 dated milestones of WeeClu across 3 years, from founding to its latest funding, stage changes and deals.
- Founded WeeClu is founded.
- Funding First funding round of $29K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $576K.
Top companies in Autonomous & In-Store Retail Tech
3 companies that operate in the same segment as WeeClu (Autonomous & In-Store Retail Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based bookkeeping solutions are offered for small business management. | 2018 | Bengaluru, Karnataka, India | USD 186.62 M | USD 165.88 K | ||
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 | |
Platform powering online and in-store retail operations using AI-driven tools | 2012 | Mumbai, Maharashtra, India | USD 16.02 M | USD 43.86 M | 851 |
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Related news about Weeclu
Complete news archive for WeeClu
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Frequently Asked Questions about WeeClu
WeeClu was founded in 2016 and raised its 1st funding round 3 years after it was founded.
WeeClu is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
WeeClu is a funded company, having raised a total of $604.91K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $28.94K, raised on Mar 2019.
WeeClu has 12 employees.
The primary company behind WeeClu, Weeclu Solutions Private Limited, reported revenue of ₹43.6 Lakh for FY 2020, up 222% year on year.
WeeClu was founded in 2016 in Hyderabad, India, as a provider of cloud-based point-of-sale solutions for businesses. Enterprise applications are offered, incorporating analytics-driven real-time reports and business insights. Store operations are supported through features that enable management and performance monitoring. The platform operates within the retail technology sector, focusing on operational efficiency across various business scales.
WeeClu has 42 investors. Key investors include Axilor Ventures, Dominor, Ambicare Clinics, Vinayender Tulla, and Kiran Peddi.
The valuation of WeeClu is $1.92M as of Aug 2019.
WeeClu operates through Weeclu Solutions Private Limited.
The legal entities of WeeClu currently have 2 directors, including Gopal Krishna Panigrahy, Santosh Kumar Panda.