About WitWorks
WitWorks is a Healthcare company based in Bengaluru (India) founded in 2015, and was acquired by Myntra in April 2018. Smartwatch for notifications and fitness tracking is developed. It operates in the Healthcare and Technology sectors. WitWorks has raised $475.85 thousand across 1 funding round from investors including Myntra, P39 Capital and Manish Singhal. Its Indian entity Witworks Consumer Technologies Private Limited reported revenue of ₹51.1 Lakh. The company was acqui-hired. WitWorks offers products and services including Improv Workshops, Training Sessions, and Consultations. Its focus areas include HealthTech, Fitness & Wellness Tech, Physical Fitness and Tracking and Monitoring.
Company details
WitWorks was founded in 2015 in Bengaluru, India, and operates in the wearable technology sector. A smartwatch named Blink is produced, featuring voice-enabled navigation, fitness tracking, and music playback through an in-house interface called Marvin. Connectivity to Android and iOS devices is supported for notifications, with a 35-hour battery life provided. Partnerships with Titan and HMT are maintained for watch designs.
- Headquarters Bengaluru, India
- Stage Acquired
- SectorsHealthcareTechnology
- Website witworks.com
- Social LinkedIn Facebook Instagram
- Acquired by Myntra (Apr 2018)
- Legal Name Witworks Consumer Technologies Private Limited
- Date of Incorporation 24 Sep, 2015
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of WitWorks
WitWorks operates through Witworks Consumer Technologies Private Limited (dissolved (liquidated)). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Witworks Consumer Technologies Private Limited CIN U72200KA2015PTC083013 | Dissolved (Liquidated) | 24 Sep 2015 | Bangalore, Karnataka | ₹0.5 Cr | 5 | View details |
Products & Services of WitWorks
WitWorks offers a comprehensive portfolio of products and services, including Improv Workshops, Training Sessions, and Consultations.
Interactive sessions using improv to boost collaboration and creativity
Exercises focused on adaptability and communication for workplace enhancement
Customized planning for team events to improve engagement and productivity
Funding Insights of WitWorks
WitWorks has successfully raised a total of $475.85K through 1 strategic funding round. The most recent funding activity was a Seed round of $475.85 thousand completed in August 2016. 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 $475,853
- Total Rounds 1
- Last Round Seed — $475,853
- First Round $475,853
(Aug 2016)
- Investors Count 19
All 1 funding rounds of WitWorks 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 |
|---|---|---|---|---|---|
| Aug 2016 | $475,853 | Seed | – | Manish Singhal, Fireside Ventures |
20 investors in total: 4 institutional and 16 angel.
Investors in WitWorks
WitWorks has secured backing from 20 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Myntra, P39 Capital and Manish Singhal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Indian tech and offline startups are funded by P39 Capital. | p39capital.com | San Francisco, United States | ||
Early-stage consumer brand companies are invested in by Fireside Ventures. | firesideventures.com | Bengaluru, India | ||
Startups are funded and accelerated by Investopad's venture capital programs. | investopad.com | Delhi, India | ||
Fashion and lifestyle products are offered via an online marketplace. | 2007 | myntra.com | Bengaluru, India | |
MS Manish Singhal | unknown_daa100c4801b48339 | |||
PJ Pranay Jivrajka | Co-founder of Ola, active angel investor in Indian startups | unknown_73213804b47c4c3fb | ||
MG Maninder Gulati | Global Strategy Officer at OYO, active angel investor in Indian startups | unknown_843eb35ca59e46d08 | ||
RV Rajendra Vallabhaji Gogri | unknown_abe923bce67548fd9 | |||
DA David Altunkaynak | unknown_7905c77e121141118 | |||
JG Jiteshu Godara | unknown_020e8f2c315945548 |
Investor details for WitWorks
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Witworks Consumer Technologies Private Limited (WitWorks)
Witworks Consumer Technologies Private Limited is the primary company behind WitWorks. The board of Witworks Consumer Technologies Private Limited currently have 5 directors; the longest-serving is Chandrashekhar Shankar Iyer, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chandrashekhar Shankar Iyer DIN 03643859 | Director | 24 Sep 2015 | 11 yrs 1 mo | Witworks Consumer Technologies Private Limited |
| Somnath Meher DIN 03630162 | Director | 24 Sep 2015 | 11 yrs 1 mo | Witworks Consumer Technologies Private Limited |
| Devagi Pramodh Ankit DIN 03630158 | Director | 24 Sep 2015 | 11 yrs 1 mo | Witworks Consumer Technologies Private Limited |
| Manish Singhal DIN 00392528 | Nominee Director | 01 Dec 2015 | 10 yrs 10 mo | Witworks Consumer Technologies Private Limited |
| Kanwaljit Singh DIN 01388140 | Nominee Director | 01 Dec 2015 | 10 yrs 10 mo | Witworks Consumer Technologies Private Limited |
Financials of WitWorks
Figures of Witworks Consumer Technologies Private Limited, the primary company behind WitWorks, for FY 2017. Revenue was ₹51.1 Lakh (+22879% year on year). Net loss was -₹1.08 Cr (-212% margin). EBITDA was -₹1.08 Cr (-211% margin).
- ₹51.1 LakhRevenue · FY 2017 · +22879% YoY
- -₹1.08 CrNet loss · -212% margin
- -₹1.08 CrEBITDA · -211% margin
- ₹1.5 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Witworks Consumer Technologies Private Limited are on its company page.
Detailed financial statements for WitWorks
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of WitWorks
3 dated milestones of WitWorks across 3 years, from founding to its latest funding, stage changes and deals.
- Founded WitWorks is founded.
- Funding First funding round of $476K.
- Exit Acquired by Myntra.
Web traffic of WitWorks
The website of WitWorks (witworks.com) receives about 1.9K visits a month.
- Monthly visits1.9K
▲ 8.1% vs previous month
Websites whose visitors overlap most with WitWorks. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| sedo.com | 100% | 2.1M | #29,239 | View details | |
| reddit.com | 100% | 4.4B | #9 | View details | |
| google.co.in | 100% | 77M | #407 | View details | |
| facebook.com | 100% | 12.1B | #3 | View details |
Top companies in Fitness & Wellness Platforms
2 companies that operate in the same segment as WitWorks (Fitness & Wellness Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 716.99 M | 1,832 | ||
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 |
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Related news about Witworks
Complete news archive for WitWorks
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Frequently Asked Questions about WitWorks
WitWorks was founded in 2015 and raised its 1st funding round 1 year after it was founded.
WitWorks is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
WitWorks is a funded company, having raised a total of $475.85K across 1 funding round to date. The company's 1st funding round was a Seed of $475.85K, raised on Aug 2016.
The primary company behind WitWorks, Witworks Consumer Technologies Private Limited, reported revenue of ₹51.1 Lakh for FY 2017, up 22879% year on year.
WitWorks was founded in 2015 in Bengaluru, India, and operates in the wearable technology sector. A smartwatch named Blink is produced, featuring voice-enabled navigation, fitness tracking, and music playback through an in-house interface called Marvin. Connectivity to Android and iOS devices is supported for notifications, with a 35-hour battery life provided. Partnerships with Titan and HMT are maintained for watch designs.
WitWorks offers Improv Workshops, Training Sessions, and Consultations.
WitWorks has 20 investors. Key investors include Myntra, P39 Capital, Manish Singhal, Pranay Jivrajka, and Maninder Gulati.
WitWorks operates through Witworks Consumer Technologies Private Limited.
Yes. WitWorks was acquired by Myntra in April 2018.
The legal entities of WitWorks currently have 5 directors, including Manish Singhal, Chandrashekhar Shankar Iyer, Kanwaljit Singh and others.