About WeOwn
WeOwn is a Real Estate & Construction company based in Bengaluru (India) founded in 2012, and was acquired by Credvest in September 2024. Group buying platform for discounted real estate is facilitated online. The company has 29 employees. Its Indian entity Weown Services Private Limited reported revenue of ₹6.13 Cr. Its focus areas include Real Estate and Construction, Real Estate & Infrastructure Developers and Diversified. Its competitors include Godrej Properties and DLF India.
Company details
WeOwn provides an online platform to help buyers purchase property at discounted rates by leveraging group buying and market research. Also connects buyer with home loans, legal opinion, insurance a verified team of home service contractors for free. Earns marketing revenue through sellers. Currently operating in Bangalore. Tie up with Puravankara, Salarpuria Sattva, Hiranandani, HM Group, Ozone group among others.
- Headquarters Bengaluru, India
- Employees 29
- Stage Acquired
- SectorsReal Estate & Construction
- Email••••••••
- Phone•••• ••••
- Website weown.in
- Social LinkedIn X Facebook
- Acquired by Credvest (Sep 2024)
- Legal Name Weown Services Private Limited
- Date of Incorporation 28 Mar, 2012
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of WeOwn
WeOwn operates through Weown Services 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 |
|---|---|---|---|---|---|---|---|
| Weown Services Private Limited CIN U72200KA2012PTC063249 | Active | 28 Mar 2012 | Bangalore, Karnataka | ₹6.1 Cr | 29 | 2 | View details |
Investors in WeOwn
WeOwn has secured backing from 1 investor. Prominent investors backing the company include Credvest.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provides comprehensive branding and marketing strategy services. | 2018 | credvest.com | Bengaluru, India |
Investor details for WeOwn
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Board of directors of Weown Services Private Limited (WeOwn)
Weown Services Private Limited is the primary company behind WeOwn. The board of Weown Services Private Limited currently have 2 directors; the longest-serving is Niranjan Rao Reddyshetty, appointed in 2012. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Niranjan Rao Reddyshetty DIN 02553925 | Managing Director | 28 Mar 2012 | 14 yrs 6 mo | Weown Services Private Limited |
| Sapna Reddyshetty DIN 09652797 | Director | 25 Jun 2022 | 4 yrs 4 mo | Weown Services Private Limited |
Financials of WeOwn
Figures of Weown Services Private Limited, the primary company behind WeOwn, for FY 2024. Revenue was ₹6.13 Cr (+78% year on year). Net profit was ₹49.5 Lakh (8% margin). EBITDA was ₹79.8 Lakh (13% margin). Revenue has grown at a compounded annual rate of +48% over three years and +72% over five years.
- ₹6.13 CrRevenue · FY 2024 · +78% YoY
- ₹49.5 LakhNet profit · 8% margin
- ₹79.8 LakhEBITDA · 13% margin
- ₹5.9 LakhPaid-up capital
- 29Employees (provident fund records)
- +48%Revenue CAGR, 3 years
- +72%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Weown Services Private Limited are on its company page.
Detailed financial statements for WeOwn
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Timeline of WeOwn
2 dated milestones of WeOwn across 12 years, from founding to its latest funding, stage changes and deals.
- Founded WeOwn is founded.
- Exit Acquired by Credvest.
Competitors of WeOwn
WeOwn has 2 listed competitors in our database. They include Godrej Properties and DLF India.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| godrejproperties.com | 1990 | Mumbai, India | 408 | Residential and commercial properties are developed by Godrej Properties. | ||
| dlf.in | 1947 | Gurugram, India | 132 | Provider of property and real estate development services |
Detailed competitors of WeOwn
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Top companies in Real Estate Developers & Builders
3 companies that operate in the same segment as WeOwn (Real Estate Developers & Builders) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of luxury residential properties | 1992 | Mumbai, Maharashtra, India | USD 158.42 M | USD 55.39 M | 1,046 | |
Residential and commercial properties are developed by Godrej Properties. | 1990 | Mumbai, Maharashtra, India | USD 546.88 M | 6,030 | ||
Premium residential building development services are provided. | 1980 | Mumbai, Maharashtra, India | USD 152.4 M | USD 658.36 M | 1,480 |
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Related news about Weown
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Frequently Asked Questions about WeOwn
WeOwn was founded in 2012.
WeOwn is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
WeOwn has 29 employees.
The primary company behind WeOwn, Weown Services Private Limited, reported revenue of ₹6.13 Cr for FY 2024, up 78% year on year.
WeOwn provides an online platform to help buyers purchase property at discounted rates by leveraging group buying and market research. Also connects buyer with home loans, legal opinion, insurance a verified team of home service contractors for free. Earns marketing revenue through sellers. Currently operating in Bangalore. Tie up with Puravankara, Salarpuria Sattva, Hiranandani, HM Group, Ozone group among others.
WeOwn's top competitors include Godrej Properties and DLF India.
WeOwn has 1 investor. Key investors include Credvest.
WeOwn operates through Weown Services Private Limited.
Yes. WeOwn was acquired by Credvest in September 2024.
The legal entities of WeOwn currently have 2 directors, including Sapna Reddyshetty, Niranjan Rao Reddyshetty.