About Wetark Technologies
Wetark Technologies is a company based in Mumbai (India) founded in 2021.. Wetark Technologies has raised $92.98 thousand across 1 funding round from investors including Anicut Capital. Wetark Technologies operates in a competitive market with competitors including Probo, TradeX, Trago, PredChamp and Grooks, among others.
- Headquarter Mumbai, India
- Stage Minicorn
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Sectors
TechnologyConsumer
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Phone
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Website
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Social
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Annual Revenue
$140.39 K (USD)196as on Mar 31, 2024
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Net Profit
$-17.29 K (USD)-441as on Mar 31, 2024
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EBITDA
$-14.88 K (USD)-293as on Mar 31, 2024
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Total Equity Funding
$92.98 K (USD)
in 1 rounds
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Latest Funding Round
$92.98 K (USD), Seed
Nov 12, 2022
- Investors
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Employee Count
Employee Count
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Funding Insights of Wetark Technologies
Wetark Technologies has successfully raised a total of $92.98K through 1 strategic funding round. The most recent funding activity was a Seed round of $92.98 thousand completed in November 2022. 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 1
- Last Round Seed — $92,980
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First Round
First Round
(12 Nov 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Seed - Wetark Technologies | Valuation | Anicut 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 Wetark Technologies
Wetark Technologies has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Anicut Capital. 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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Investment services in private credit, seed funds, growth equity, and late-stage equity for businesses in India.
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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 Wetark Technologies
| 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 - Wetark Technologies
| 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 |
Wetark Technologies Comparisons
Competitors of Wetark Technologies
Wetark Technologies 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 Probo, TradeX, Trago, PredChamp and Grooks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online platform for skill-based gaming competitions is provided.
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| domain | founded_year | HQ Location |
Predictions on world events are traded through an online platform.
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| domain | founded_year | HQ Location |
Online platform to bet and trade on event outcomes
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| domain | founded_year | HQ Location |
An online platform for predicting event outcomes.
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| domain | founded_year | HQ Location |
Operates a digital hub for event-based trading activities.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Wetark Technologies
When was Wetark Technologies founded?
Wetark Technologies was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Wetark Technologies located?
Wetark Technologies is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Wetark Technologies a funded company?
Wetark Technologies is a funded company, having raised a total of $92.98K across 1 funding round to date. The company's 1st funding round was a Seed of $92.98K, raised on Nov 12, 2022.
What is the annual revenue of Wetark Technologies?
Annual revenue of Wetark Technologies is $140.39K as on Mar 31, 2024.
What does Wetark Technologies do?
Wetark Technologies was founded in 2021 and is based in Mumbai, India. An online platform is operated by the company within the prediction markets sector, where individuals trade on event outcomes. Speculation on future events is facilitated across categories including sports, politics, entertainment, and finance. Users select and engage in trades to express opinions, with operations centered on digital accessibility for participants.
Who are the top competitors of Wetark Technologies?
Who are Wetark Technologies's investors?
Wetark Technologies has 1 investor. Key investors include Anicut Capital.
What is Wetark Technologies's valuation?
The valuation of Wetark Technologies is $1.96M as of Nov 2022.