About WeHive
WeHive was a Retail company based in Bengaluru (India) founded in 2014. It provides an online P2P platform for auctioning second-hand products. It operates on a C2C model. WeHive has raised $2 million across 1 funding round from investors including Flipkart. The company has 1 employees. Its Indian entity Wehive Technologies Private Limited reported revenue of ₹1.9 Lakh. The company is recorded as dissolved. Its focus areas include E-commerce, Marketplace, Second-hand Goods and Auctions. Its competitors include Vishyam, Steel Junction and Opera Deal.
Company details
WeHive provides an online p2p platform for auctioning second-hand products, focusing on operating online marketplaces, marketplace, second-hand goods, and auctions. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Employees 1
- SectorsRetail
- Website wehive.co
- Social X Facebook
- Legal Name Wehive Technologies Private Limited
- Date of Incorporation 12 Dec, 2014
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.9 Lakh
FY 2024 · -32% YoY
- Net Loss-₹32.7 Lakh
FY 2024 · -1724% margin
- EBITDA-₹32.7 Lakh
FY 2024 · -1724% margin
- Total Equity Funding$2M (USD)
in 1 rounds
- Latest Funding Round$2M (USD), Seed
Jan 2016
- Investors
- Employee Count1
Associated legal entities of WeHive
WeHive operates through Wehive Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Wehive Technologies Private Limited CIN U52100KA2014PTC077754 | Active | 12 Dec 2014 | Bangalore, Karnataka | ₹0.0 Cr | 1 | 3 | View details |
Funding Insights of WeHive
WeHive has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in January 2016. 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 $2M
- Total Rounds 1
- Last Round Seed — $2M
- First Round $2M
(Jan 2016)
- Investors Count 1
All 1 funding rounds of WeHive 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 |
|---|---|---|---|---|---|
| Jan 2016 | $2M | Seed | – | Flipkart | – |
1 investors in total: 1 institutional.
Investors in WeHive
WeHive has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Flipkart.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multi-category consumer products are offered via an online marketplace platform. | 2007 | flipkart.com | Bengaluru, India |
Investor details for WeHive
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Board of directors of Wehive Technologies Private Limited (WeHive)
Wehive Technologies Private Limited is the primary company behind WeHive. The board of Wehive Technologies Private Limited currently have 3 directors; the longest-serving is Suhail Abidi, appointed in 2014. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Suhail Abidi DIN 07032904 | Whole-time director | 12 Dec 2014 | 11 yrs 11 mo | Wehive Technologies Private Limited |
| Ashish Ranjan DIN 07363351 | Director | 11 Dec 2015 | 10 yrs 11 mo | Wehive Technologies Private Limited |
| Sumbul Zarreen Naqvi DIN 09090473 | Director | 04 Mar 2021 | 5 yrs 8 mo | Wehive Technologies Private Limited |
Financials of WeHive
Figures of Wehive Technologies Private Limited, the primary company behind WeHive, for FY 2024. Revenue was ₹1.9 Lakh (-32% year on year). Net loss was -₹32.7 Lakh (-1724% margin). EBITDA was -₹32.7 Lakh (-1724% margin). Revenue has grown at a compounded annual rate of -72% over three years and -65% over five years.
- ₹1.9 LakhRevenue · FY 2024 · -32% YoY
- -₹32.7 LakhNet loss · -1724% margin
- -₹32.7 LakhEBITDA · -1724% margin
- ₹1.9 LakhPaid-up capital
- 1Employees (provident fund records)
- -72%Revenue CAGR, 3 years
- -65%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Wehive Technologies Private Limited are on its company page.
Detailed financial statements for WeHive
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of WeHive
2 dated milestones of WeHive across 2 years, from founding to its latest funding, stage changes and deals.
- Founded WeHive is founded.
- Funding First funding round of $2.0M.
Competitors of WeHive
WeHive has 3 listed competitors in our database. They include Vishyam, Steel Junction and Opera Deal.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vishyam.com | 2018 | Kolkata, India | Operates an online auction marketplace for various product categories. | |||
| steeljunction.com | 2021 | Delhi, India | An online platform for bidding on a wide range of product auctions. | |||
| operadeal.com | 2020 | Noida, India | Functions as an auction bidding platform for a variety of product categories. |
Detailed competitors of WeHive
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Top companies in Auction & Flash Sale Platforms
3 companies that operate in the same segment as WeHive (Auction & Flash Sale Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online portal for searching and bidding on government tenders worldwide. | 2017 | Gurugram, Haryana, India | USD 6.99 M | |||
Online platform for government tenders, bids, and procurement opportunities worldwide. | 2012 | Mumbai, Maharashtra, India | USD 345.57 K | 56 | ||
Digital solutions provider for cost optimization and process automation in enterprises. | 2012 | Bengaluru, Karnataka, India | USD 4.09 M | 253 |
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Related news about Wehive
Complete news archive for WeHive
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Frequently Asked Questions about WeHive
WeHive was founded in 2014 and raised its 1st funding round 2 years after it was founded.
WeHive is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
WeHive is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Jan 2016.
WeHive has 1 employees.
The primary company behind WeHive, Wehive Technologies Private Limited, reported revenue of ₹1.9 Lakh for FY 2024, down 32% year on year.
WeHive provides an online p2p platform for auctioning second-hand products, focusing on operating online marketplaces, marketplace, second-hand goods, and auctions. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
WeHive's top competitors include Vishyam, Steel Junction and Opera Deal.
WeHive has 1 investor. Key investors include Flipkart.
WeHive operates through Wehive Technologies Private Limited.
The legal entities of WeHive currently have 3 directors, including Sumbul Zarreen Naqvi, Ashish Ranjan, Suhail Abidi.