About Winvesta
Winvesta is a company based in Mumbai (India) founded in 2019 by Swastik Nigam.. Winvesta has raised $2.81 million across 8 funding rounds from investors including Speciale Invest, Blume Ventures and Kunal Shah. The company has 12 employees as of March 30, 2024. Winvesta offers products and services including Multi-Currency Account and Payment Links. Winvesta operates in a competitive market with competitors including Skydo, PingPong, InstaReM, XFlow and PayGlocal, among others.
- Headquarter Mumbai, India
- Employees 12 as on 30 Mar, 2024
- Founders Swastik Nigam
- Stage Minicorn
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Winvesta India Technologies Private Limited
- Date of Incorporation 01 Aug, 2019
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$499.06 K (USD)-2.67as on Mar 31, 2023
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Net Profit
$-184.79 K (USD)-477.81as on Mar 31, 2023
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EBITDA
$-183.05 K (USD)-359.99as on Mar 31, 2023
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Total Equity Funding
$2.81 M (USD)
in 8 rounds
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Latest Funding Round
$22.39 K (USD), Seed
Nov 29, 2023
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Investors
Speciale Invest
& 2 more
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Employee Count
12
as on Mar 30, 2024
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Products & Services of Winvesta
Winvesta offers a comprehensive portfolio of products and services, including Multi-Currency Account and Payment Links. 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.
Account for receiving international payments with low fees
Tool to facilitate global client payments securely
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Funding Insights of Winvesta
Winvesta has successfully raised a total of $2.81M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $22.39 thousand completed in November 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 Total Funding
- Total Rounds 8
- Last Round Seed — $22,394
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First Round
First Round
(10 Sep 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Seed - Winvesta | Valuation |
investors |
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| Sep, 2023 | Amount | Seed - Winvesta | Valuation |
investors |
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| Apr, 2023 | Amount | Seed - Winvesta | Valuation |
investors |
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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 Winvesta
Winvesta has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Speciale Invest, Blume Ventures and Kunal Shah. 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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Investing in deep tech startups with a focus on early-stage innovations in technology and engineering.
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Founded Year | Domain | Location | |
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Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
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KS
Kunal Shah |
Founder of CRED, serial entrepreneur, and prominent Indian angel investor
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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 Winvesta
| 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 - Winvesta
| 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 |
Winvesta Comparisons
Competitors of Winvesta
Winvesta 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 Skydo, PingPong, InstaReM, XFlow and PayGlocal, 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 |
International payments are enabled for businesses through a digital platform.
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| domain | founded_year | HQ Location |
Cross-border business payments are managed via an online platform.
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| domain | founded_year | HQ Location |
Cross-border money transfers are facilitated for individuals and businesses.
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| domain | founded_year | HQ Location |
Cross-border payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Multi-currency accounts and payment solutions are offered for global businesses.
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| domain | founded_year | HQ Location |
Financial technology and payment processing solutions are provided by Equiniti.
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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 Winvesta
Frequently Asked Questions about Winvesta
When was Winvesta founded?
Winvesta was founded in 2019.
Where is Winvesta located?
Winvesta is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Winvesta?
Swastik Nigam is the current CEO of Winvesta. They have also founded this company.
Is Winvesta a funded company?
Winvesta is a funded company, having raised a total of $2.81M across 8 funding rounds to date. The company's 1st funding round was a Seed of $56.52K, raised on Sep 10, 2019.
How many employees does Winvesta have?
As of Mar 30, 2024, the latest employee count at Winvesta is 12.
What is the annual revenue of Winvesta?
Annual revenue of Winvesta is $499.06K as on Mar 31, 2023.
What does Winvesta do?
Winvesta was founded in 2019 in Mumbai, India, as a fintech company. Cross-border payments and an investing platform are operated, with cost-effective banking solutions integrated alongside customer service. Global payments are collected by users at foreign exchange markup rates. Operations emphasize financial inclusivity across borders, where international transactions are facilitated for efficiency and accessibility in the sector.
Who are the top competitors of Winvesta?
What products or services does Winvesta offer?
Winvesta offers Multi-Currency Account and Payment Links.
Who are Winvesta's investors?
Winvesta has 3 investors. Key investors include Speciale Invest, Blume Ventures, and Kunal Shah.
What is Winvesta's valuation?
The valuation of Winvesta is $16.69M as of Nov 2023.