About Winjit
Winjit is a company based in Nashik (India) founded in 2004 by Ashwin Kandoi and Abhijit Junagade.. Winjit has raised $2.93 million across 4 funding rounds from investors including RIB Software, H.R.K.Enterprises and Ashwin Kandoi. The company has 916 employees as of March 31, 2024. Winjit operates in a competitive market with competitors including PubNub, ThingWorx, Seebo, Losant and ClearBlade, among others.
- Headquarter Nashik, India
- Employees 916 as on 31 Mar, 2024
- Founders Ashwin Kandoi, Abhijit Junagade
- Stage Minicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$17.83 M (USD)40as on Mar 31, 2023
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Net Profit
$1.71 M (USD)-42as on Mar 31, 2023
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EBITDA
$3.02 M (USD)-34as on Mar 31, 2023
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Total Equity Funding
$2.93 M (USD)
in 4 rounds
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Latest Funding Round
$1.05 M (USD), Seed
Aug 13, 2020
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Investors
RIB Software
& 23 more
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Employee Count
916
as on Mar 31, 2024
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Funding Insights of Winjit
Winjit has successfully raised a total of $2.93M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.05 million completed in August 2020. 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 4
- Last Round Seed — $1.0M
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First Round
First Round
(02 Sep 2013)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Seed - Winjit | Valuation | H.R.K.Enterprises | |
| Aug, 2019 | Amount | Seed - Winjit | Valuation | RIB Software , MTWO |
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| May, 2015 | Amount | Angel Round - Winjit | Valuation | Vivek Chandak |
| 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 Winjit
Winjit has secured backing from 24 investors, including institutional and angel investors. Prominent investors backing the company include RIB Software, H.R.K.Enterprises and Ashwin Kandoi. 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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UPVC windows, doors, louvers, and ventilators are manufactured in Bengaluru.
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Founded Year | Domain | Location | |
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Provider of 5D BIM solution to construction project management
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Founded Year | Domain | Location | |
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Cloud-based project management software is offered for construction projects.
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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 Winjit
| 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 - Winjit
| 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 |
Winjit Comparisons
Competitors of Winjit
Winjit 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 PubNub, ThingWorx, Seebo, Losant and ClearBlade, 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 |
Real-time app development is facilitated via cloud-based infrastructure.
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| domain | founded_year | HQ Location |
Platform to build and run applications for connected devices
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| domain | founded_year | HQ Location |
Cloud-based digital twin platform for IoT lifecycle management is provided.
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| domain | founded_year | HQ Location |
Cloud-based platform for IoT application development is provided.
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| domain | founded_year | HQ Location |
Provider of cloud-based edge computing platform
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| 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 Winjit
Frequently Asked Questions about Winjit
When was Winjit founded?
Winjit was founded in 2004 and raised its 1st funding round 9 years after it was founded.
Where is Winjit located?
Winjit is headquartered in Nashik, India. It is registered at Nashik, Maharashtra, India.
Who is the current CEO of Winjit?
Abhijit Junagade is the current CEO of Winjit. They have also founded this company.
Is Winjit a funded company?
Winjit is a funded company, having raised a total of $2.93M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $78.3K, raised on Sep 02, 2013.
How many employees does Winjit have?
As of Mar 31, 2024, the latest employee count at Winjit is 916.
What is the annual revenue of Winjit?
Annual revenue of Winjit is $17.83M as on Mar 31, 2023.
What does Winjit do?
Provider of IoT application development platform. It focuses on customized enterprise mobility solutions, software and mobile app development services. Launched a gateway device management platform called Winjit IoT GDM in February 2016. Sensors collect data and send it back to Winjits gateway, where the information is made available through APIs. The solution includes a lightweight OS based on Arch Linux, open-source API access, local analytics a dashboard, live data streaming and offline data storage. Claims that the IoT solution can facilitate parking and traffic solutions for smart cities.
Who are the top competitors of Winjit?
Who are Winjit's investors?
Winjit has 24 investors. Key investors include RIB Software, H.R.K.Enterprises, Ashwin Kandoi, Abhijit Junagade, and MTWO.
What is Winjit's valuation?
The valuation of Winjit is $16.57M as of Aug 2020.
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