About Wisedrive Technologies
Wisedrive Technologies is a company based in Bengaluru (India) founded in 2019. It operates as a B2C. Wisedrive Technologies has raised $1.09 million across 2 funding rounds from investors including Amity University, Nueva Capital and Spiral Ventures. The company has 12 employees as of March 31, 2024. Wisedrive Technologies operates in a competitive market with competitors including TOTOKO, Assurify Technology, Edel Assurance, WarrantyMe and BinBill, among others.
- Headquarter Bengaluru, India
- Employees 12 as on 31 Mar, 2024
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name Wisedrive Technologies Private Limited
- Date of Incorporation 04 Oct, 2021
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$200.64 K (USD)360.67as on Mar 31, 2024
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Net Profit
$-328.15 K (USD)-493.03as on Mar 31, 2024
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EBITDA
$-226.88 K (USD)-831.29as on Mar 31, 2024
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Total Equity Funding
$1.09 M (USD)
in 2 rounds
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Latest Funding Round
$85.77 K (USD), Seed
Mar 30, 2024
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Investors
Amity University
& 14 more
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Employee Count
12
as on Mar 31, 2024
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Funding Insights of Wisedrive Technologies
Wisedrive Technologies has successfully raised a total of $1.09M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $85.77 thousand completed in March 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 2
- Last Round Seed — $85,770
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First Round
First Round
(28 Jun 2022)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Seed - Wisedrive Technologies | Valuation | D Muthumanigandan | |
| Jun, 2022 | Amount | Seed - Wisedrive Technologies | Valuation | Nueva Capital |
| 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 Wisedrive Technologies
Wisedrive Technologies has secured backing from 15 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Amity University, Nueva Capital and Spiral Ventures. 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 capital firm focusing on technology investments in Southeast Asia and India.
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Founded Year | Domain | Location | |
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Investment in India's startup ecosystem through private market funds and asset management.
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Founded Year | Domain | Location | |
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University offering UG & PG courses across medical, IT, and other streams
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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 Wisedrive 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 - Wisedrive 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 |
Wisedrive Technologies Comparisons
Competitors of Wisedrive Technologies
Wisedrive 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 TOTOKO, Assurify Technology, Edel Assurance, WarrantyMe and BinBill, 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 |
Warranty tracking solutions for home appliances are provided by TOTOKO.
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| domain | founded_year | HQ Location |
Warranty insurance solutions for consumer products are provided.
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| domain | founded_year | HQ Location |
Offers extended car warranties with fast claims and 24/7 roadside assistance services.
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| domain | founded_year | HQ Location |
An online platform for tracking and managing product warranties effectively.
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| domain | founded_year | HQ Location |
Delivers an online cloud-based dashboard for managing bills, warranties, and insurances.
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| domain | founded_year | HQ Location |
Operates a digital platform for efficient warranty tracking and management.
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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 Wisedrive Technologies
Frequently Asked Questions about Wisedrive Technologies
When was Wisedrive Technologies founded?
Wisedrive Technologies was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Wisedrive Technologies located?
Wisedrive Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Wisedrive Technologies a funded company?
Wisedrive Technologies is a funded company, having raised a total of $1.09M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Jun 28, 2022.
How many employees does Wisedrive Technologies have?
As of Mar 31, 2024, the latest employee count at Wisedrive Technologies is 12.
What is the annual revenue of Wisedrive Technologies?
Annual revenue of Wisedrive Technologies is $200.64K as on Mar 31, 2024.
What does Wisedrive Technologies do?
Wisedrive Technologies delivers inspection services and warranty solutions for used cars through dealing with automotive parts, providing essential services, used cars, and inspection and warranty. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Wisedrive Technologies?
Wisedrive Technologies's top competitors include TOTOKO, BinBill and Assurify Technology.
Who are Wisedrive Technologies's investors?
Wisedrive Technologies has 15 investors. Key investors include Amity University, Nueva Capital, Spiral Ventures, D Muthumanigandan, and Ktv Narayanan.
What is Wisedrive Technologies's valuation?
The valuation of Wisedrive Technologies is $4.26M as of Mar 2024.