About Wize
Wize is a company based in Burlingame (United States) founded in 2006 was acquired by Nextag in July 2010.. Wize has raised $4.99 million across 2 funding rounds from investors including Bessemer Venture Partners, Nextag and Mayfield. The company has 54 employees as of April 09, 2024. Wize operates in a competitive market with competitors including Curated, ThisNext, Consumr, Curio Road and Shoptouch, among others.
- Headquarter Burlingame, United States
- Employees 54 as on 09 Apr, 2024
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Wize Commerce India Private Limited
- Date of Incorporation 17 Sep, 2003
- Jurisdiction Dlf Qe, Haryana, India
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Annual Revenue
$2.33 M (USD)10.31as on Mar 31, 2023
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Net Profit
$302.57 K (USD)-3.34as on Mar 31, 2023
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EBITDA
$383.83 K (USD)-1.57as on Mar 31, 2023
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Total Equity Funding
$4.99 M (USD)
in 2 rounds
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Latest Funding Round
$988 K (USD), Series A
Jun 01, 2008
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Investors
Bessemer Venture Partners
& 2 more
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Employee Count
54
as on Apr 09, 2024
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Acquired by
Nextag
(Jul 07, 2010)
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Funding Insights of Wize
Wize has successfully raised a total of $4.99M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $988 thousand completed in June 2008. 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 Series A — $988,000
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First Round
First Round
(21 Jan 2007)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2008 | Amount | Series A - Wize | Valuation |
investors |
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| Jan, 2007 | Amount | Series A - Wize | Valuation |
investors |
| 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 Wize
Wize has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, Nextag and Mayfield. 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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Mayfield is focused on AI innovation and venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Price comparison service website where buyers and sellers can negotiate prices
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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 Wize
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Wize
| 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 |
Wize Comparisons
Competitors of Wize
Wize 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 Curated, ThisNext, Consumr, Curio Road and Shoptouch, 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 |
Online store with personalized recommendations for sports & travel products
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| domain | founded_year | HQ Location |
Provides a personalized recommendation platform for e-commerce portals.
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| domain | founded_year | HQ Location |
Product Discovery and Review Mobile App
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| domain | founded_year | HQ Location |
An online platform for discovering vintage and handmade products from designers.
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| domain | founded_year | HQ Location |
It serves as a recommendation platform.
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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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Frequently Asked Questions about Wize
When was Wize founded?
Wize was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is Wize located?
Wize is headquartered in Burlingame, United States. It is registered at Burlingame, California, United States.
Is Wize a funded company?
Wize is a funded company, having raised a total of $4.99M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Jan 21, 2007.
How many employees does Wize have?
As of Apr 09, 2024, the latest employee count at Wize is 54.
What is the annual revenue of Wize?
Annual revenue of Wize is $2.33M as on Mar 31, 2023.
What does Wize do?
Wize was founded in 2006 in Burlingame, United States, as a recommendation platform in the e-commerce sector. Products are curated across categories including computers, clothing, accessories, electronics, and home and garden. Recommendations are derived from product reviews and statistics on shopper and seller behavior, with scores assigned on a 0-to-100 scale. Users are redirected to merchants websites for transaction completion.
Who are Wize's investors?
Wize has 3 investors. Key investors include Bessemer Venture Partners, Nextag, and Mayfield.
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