About WeRize
WeRize is a company based in Bengaluru (India) founded in 2019 by Vishal Chopra and Himanshu Gupta.. WeRize has raised $27.95 million across 5 funding rounds from investors including 3one4 Capital, Alteria Capital and British International Investment. The company has 259 employees as of April 09, 2024. WeRize offers products and services including Customized Mortgages and Group Insurance.
- Headquarter Bengaluru, India
- Employees 259 as on 09 Apr, 2024
- Founders Vishal Chopra, Himanshu Gupta
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Wortgage Technologies Pvt. Ltd
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$4.06 M (USD)189.13as on Mar 31, 2023
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Net Profit
$-1.05 M (USD)20.16as on Mar 31, 2023
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EBITDA
$-894.22 K (USD)20.68as on Mar 31, 2023
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Total Equity Funding
$27.95 M (USD)
in 5 rounds
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Latest Funding Round
$418.76 K (USD), Series B
Jun 28, 2024
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Investors
3one4 Capital
& 9 more
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Employee Count
259
as on Apr 09, 2024
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Products & Services of WeRize
WeRize offers a comprehensive portfolio of products and services, including Customized Mortgages and Group Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Customized mortgages are provided for families in small towns to meet their financial requirements.
Group insurance is offered as a benefit to registered customers of WeRize.
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Software Development Team
22 people
Product Management Team
11 people
Leadership Team
6 people
Manager Team
4 people
Creative and Marketing Team
3 people
Senior Team
3 people
Human Resources and Administration
2 people
Data Analysis and Operations Team
2 people
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Funding Insights of WeRize
WeRize has successfully raised a total of $27.95M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $418.76 thousand completed in June 2024. 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 5
- Last Round Series B — $418,764
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First Round
First Round
(12 Jan 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series B - WeRize | Valuation | Stride Ventures , Stride Ventures | |
| Jun, 2022 | Amount | Series B - WeRize | Valuation | 3one4 Capital | |
| Jun, 2021 | Amount | Series A - WeRize | Valuation | Orios Venture Partners , 3one4 Capital |
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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 WeRize
WeRize has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include 3one4 Capital, Alteria Capital and British International Investment. 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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Venture debt is provided to growth-stage companies for business scaling.
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Founded Year | Domain | Location | |
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Venture debt funding and structured finance for innovative startups in India.
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Founded Year | Domain | Location | |
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Private debt and equity funds are managed for technology sectors.
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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 WeRize
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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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 - WeRize
| 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 |
Werize Comparisons
Competitors of WeRize
| 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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Latest news on Werize
Frequently Asked Questions about WeRize
When was WeRize founded?
WeRize was founded in 2019.
Where is WeRize located?
WeRize is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of WeRize?
Vishal Chopra is the current CEO of WeRize. They have also founded this company.
Is WeRize a funded company?
WeRize is a funded company, having raised a total of $27.95M across 5 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Jan 12, 2019.
How many employees does WeRize have?
As of Apr 09, 2024, the latest employee count at WeRize is 259.
What is the annual revenue of WeRize?
Annual revenue of WeRize is $4.06M as on Mar 31, 2023.
What does WeRize do?
WeRize was founded in 2019 in Bengaluru, India, as a provider of financial services focused on credit insurance and savings for underserved households. Customized loans, group insurance, and tailored savings solutions are delivered to promote financial inclusion in small town areas. Operations target upward mobility among rural and semi-urban populations through accessible products designed for low-income families.
What products or services does WeRize offer?
WeRize offers Customized Mortgages and Group Insurance.
Who are WeRize's investors?
WeRize has 10 investors. Key investors include 3one4 Capital, Alteria Capital, British International Investment, Sony Innovation Fund, and Orios Venture Partners.
What is WeRize's valuation?
The valuation of WeRize is $148.92M as of Jun 2024.