WitWorks

Bengaluru, India Founded: 2015 • Age: 11 yrs Acquired By Myntra
Smartwatch for notifications and fitness tracking is developed.
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About WitWorks

WitWorks is a company based in Bengaluru (India) founded in 2015 was acquired by Myntra in April 2018.. WitWorks has raised $475.85 thousand across 1 funding round from investors including Myntra, P39 Capital and Manish Singhal. WitWorks offers products and services including Improv Workshops, Training Sessions, and Consultations. WitWorks operates in a competitive market with competitors including Withings, Fitbit, Whoop, iHealth Labs and Mobvoi, among others.

  • Headquarter Bengaluru, India
  • Sectors
    Healthcare
    Technology
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Witworks Consumer Technologies Private Limited
  • Date of Incorporation 24 Sep, 2015
  • Jurisdiction Bangalore, Karnataka, India
Operational Areas
Healthcare → Health Technology & Digital Health
Technology → Extended, Virtual & Augmented Reality
Key Metrics
  • Annual Revenue
    $79.93 K (USD)
    0
    as on Mar 31, 2017
  • Net Profit
    $-169.69 K (USD)
    0
    as on Mar 31, 2017
  • EBITDA
    $-169.65 K (USD)
    0
    as on Mar 31, 2017
  • Total Equity Funding
    $475.85 K (USD)

    in 1 rounds

  • Latest Funding Round
    $475.85 K (USD), Seed

    Aug 25, 2016

  • Investors
    Myntra

    & 19 more

  • Employee Count
    Employee Count
  • Acquired by
    Myntra

    (Apr 16, 2018)

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Products & Services of WitWorks

WitWorks offers a comprehensive portfolio of products and services, including Improv Workshops, Training Sessions, and Consultations. 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.

Primary

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
  • Total Rounds 1
  • Last Round Seed — $475,853
  • First Round

    (25 Aug 2016)

  • Investors Count 19
Date Amount Transaction Name Valuation Lead Investors Investors
Aug, 2016 Amount Seed - WitWorks Valuation Manish Singhal , Fireside Ventures
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

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. 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.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Indian tech and offline startups are funded by P39 Capital.
Founded Year Domain Location
Early-stage consumer brand companies are invested in by Fireside Ventures.
Founded Year Domain Location
Startups are funded and accelerated by Investopad's venture capital programs.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by WitWorks

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - WitWorks

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Witworks Comparisons

Employees
+
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Competitors of WitWorks

WitWorks 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 Withings, Fitbit, Whoop, iHealth Labs and Mobvoi, 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
Connected devices for health, sleep, and activity monitoring are developed.
domain founded_year HQ Location
Smartwatches and fitness trackers are provided for activity monitoring.
domain founded_year HQ Location
Provider of a smart wearable device for physical activities monitoring
domain founded_year HQ Location
Personal healthcare devices for vital monitoring are designed and produced.
domain founded_year HQ Location
Developer of AI-powered voice interaction and generative AI technologies
domain founded_year HQ Location
Smart fitness trackers and watches are developed for performance monitoring.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Witworks

Frequently Asked Questions about WitWorks

When was WitWorks founded?

WitWorks was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is WitWorks located?

WitWorks is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Is WitWorks a funded company?

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 25, 2016.

What is the annual revenue of WitWorks?

Annual revenue of WitWorks is $79.93K as on Mar 31, 2017.

What does WitWorks do?

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.

Who are the top competitors of WitWorks?

WitWorks's top competitors include Withings, Fitbit and Whoop.

What products or services does WitWorks offer?

WitWorks offers Improv Workshops, Training Sessions, and Consultations.

Who are WitWorks's investors?

WitWorks has 20 investors. Key investors include Myntra, P39 Capital, Manish Singhal, Pranay Jivrajka, and Maninder Gulati.

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