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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People of Wisedrive Technologies
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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.
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.
| 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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Investment in India's startup ecosystem through private market funds and asset management.
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University offering UG & PG courses across medical, IT, and other streams
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Investor details for Wisedrive Technologies
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Investments & Acquisitions by Wisedrive Technologies
Investment portfolio details for Wisedrive Technologies
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Financial Statements - Wisedrive Technologies
Detailed financials for Wisedrive Technologies
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Wisedrive Technologies Comparisons
Peer comparison for Wisedrive Technologies
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Warranty tracking solutions for home appliances are provided by TOTOKO.
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Warranty insurance solutions for consumer products are provided.
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Offers extended car warranties with fast claims and 24/7 roadside assistance services.
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An online platform for tracking and managing product warranties effectively.
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Delivers an online cloud-based dashboard for managing bills, warranties, and insurances.
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Operates a digital platform for efficient warranty tracking and management.
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Detailed competitors of Wisedrive Technologies
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Latest news on Wisedrive Technologies
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Frequently Asked Questions about Wisedrive Technologies
Wisedrive Technologies was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Wisedrive Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Wisedrive Technologies is a funded company, having raised a total of $1.09M across 2 funding rounds to date.
As of Mar 31, 2024, the latest employee count at Wisedrive Technologies is 12.
Annual revenue of Wisedrive Technologies is $200.64K as on Mar 31, 2024.
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.
Wisedrive Technologies's top competitors include TOTOKO, BinBill and Assurify Technology.
Wisedrive Technologies has 15 investors. Key investors include Amity University, Nueva Capital, Spiral Ventures, D Muthumanigandan, and Ktv Narayanan.
The valuation of Wisedrive Technologies is $4.26M as of Mar 2024.