About White Shark
White Shark is a Technology company based in Dubai (United Arab Emirates) founded in 2021 by Rizwan Shaikh, Shantanu Dixit, and Avani Shantanu Dixit, and was acquired by SOEDESCO in September 2023. AI based layer 1 public blockchain network. White Shark has raised $16 million across 1 funding round from investors including SOEDESCO. The company has 1 employees. Its chief executive, as recorded, is Shantanu Dixit. Its Indian entity Whiteshark Technology Private Limited reported revenue of ₹22.8 Lakh. Its focus areas include High Tech, Blockchain Infrastructure, Blockchain Network and Public Blockchain Network.
Company details
White Shark was founded in 2021 in Dubai, United Arab Emirates, as an AI-integrated layer 1 public blockchain network. Operations focus on the metaverse for no-code development, blockchain-as-a-service, asset management, entertainment NFTs, banking functions, video streaming, student data monitoring, antivirus protection, hackproof smart contracts, healthcare data storage, digital identities, and infrastructure cost offsetting. The platform supports various sectors including finance, education, and health.
- Headquarters Dubai, United Arab Emirates
- Employees 1
- Founders Rizwan Shaikh, Shantanu Dixit, Avani Shantanu Dixit
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website whiteshark.ai
- Social LinkedIn X Instagram
- Acquired by SOEDESCO (Sep 2023)
- Legal Name Whiteshark Technology Private Limited
- Date of Incorporation 18 Nov, 2020
- Jurisdiction Mumbai, Maharashtra, India
- Indian entity revenue₹22.8 Lakh
FY 2023 · +63% YoY
- Indian entity net profit₹4.7 Lakh
FY 2023 · 21% margin
- Indian entity EBITDA₹6.3 Lakh
FY 2023 · 28% margin
- Total Equity Funding$16M (USD)
in 1 rounds
- Latest Funding Round$16M (USD), Series B
May 2023
- Investors
- Employee Count1
- Acquired bySOEDESCO
(Sep 2023)
Associated legal entities of White Shark
White Shark operates through Whiteshark Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Whiteshark Technology Private Limited CIN U72200MH2020PTC350298 | Active | 18 Nov 2020 | Mumbai, Maharashtra | ₹0.2 Cr | 2 | View details |
Funding Insights of White Shark
White Shark has successfully raised a total of $16M through 1 strategic funding round. The most recent funding activity was a Series B round of $16 million completed in May 2023. 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 $16M
- Total Rounds 1
- Last Round Series B — $16M
- First Round $16M
(May 2023)
All 1 funding rounds of White Shark 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 |
|---|---|---|---|---|---|
| May 2023 | $16M | Series B | – | – | – |
1 investors in total: 1 institutional.
Investors in White Shark
White Shark has secured backing from 1 investor. Prominent investors backing the company include SOEDESCO.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Video game publishing and development for multiple gaming platforms worldwide. | 2002 | soedesco.com | Rotterdam, Netherlands |
Investor details for White Shark
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Whiteshark Technology Private Limited (White Shark)
Whiteshark Technology Private Limited is the primary company behind White Shark. The board of Whiteshark Technology Private Limited currently have 2 directors; the longest-serving is Pranjal Tiwari, appointed in 2022. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pranjal Tiwari DIN 09545032 | Director | 25 Mar 2022 | 4 yrs 7 mo | Whiteshark Technology Private Limited |
| Prashant Shantaram Kedare DIN 10198935 | Director | 14 Jun 2023 | 3 yrs 4 mo | Whiteshark Technology Private Limited |
People of White Shark
3 people are tracked at White Shark (3 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
Shantanu Dixit | Co-Founder & CEO | Leadership |
Avani Shantanu Dixit | Co-Founder | Leadership |
Complete people profiles for White Shark
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Verified entity values are shown only after access is granted.
Financials of White Shark
Figures of Whiteshark Technology Private Limited, the primary company behind White Shark, for FY 2023. Revenue was ₹22.8 Lakh (+63% year on year). Net profit was ₹4.7 Lakh (21% margin). EBITDA was ₹6.3 Lakh (28% margin).
- ₹22.8 LakhRevenue · FY 2023 · +63% YoY
- ₹4.7 LakhNet profit · 21% margin
- ₹6.3 LakhEBITDA · 28% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Whiteshark Technology Private Limited are on its company page.
Detailed financial statements for White Shark
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of White Shark
3 dated milestones of White Shark across 2 years, from founding to its latest funding, stage changes and deals.
- Founded White Shark is founded.
- Funding First funding round of $16.0M.
- Exit Acquired by SOEDESCO.
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Frequently Asked Questions about White Shark
White Shark was founded in 2021 and raised its 1st funding round 2 years after it was founded.
White Shark is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Shantanu Dixit is the CEO of White Shark, as recorded in our data. They have also founded this company.
White Shark is a funded company, having raised a total of $16M across 1 funding round to date. The company's 1st funding round was a Series B of $16M, raised on May 2023.
White Shark has 1 employees.
The primary company behind White Shark, Whiteshark Technology Private Limited, reported revenue of ₹22.8 Lakh for FY 2023, up 63% year on year.
White Shark was founded in 2021 in Dubai, United Arab Emirates, as an AI-integrated layer 1 public blockchain network. Operations focus on the metaverse for no-code development, blockchain-as-a-service, asset management, entertainment NFTs, banking functions, video streaming, student data monitoring, antivirus protection, hackproof smart contracts, healthcare data storage, digital identities, and infrastructure cost offsetting. The platform supports various sectors including finance, education, and health.
White Shark has 1 investor. Key investors include SOEDESCO.
White Shark operates through Whiteshark Technology Private Limited.
Yes. White Shark was acquired by SOEDESCO in September 2023.
The legal entities of White Shark currently have 2 directors, including Prashant Shantaram Kedare, Pranjal Tiwari.