Wizzy

Ahmedabad, India Founded: 2019 • Age: 7 yrs
AI-powered eCommerce search solutions are provided for businesses.
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About Wizzy

Wizzy is a company based in Ahmedabad (India) founded in 2019 by Alok Patel and Aenik Shah.. Wizzy has raised $333.54 thousand across 2 funding rounds from investors including Concept Communication, Manipal Technologies and Sat Industries. The company has 1 employees as of April 06, 2024. Wizzy operates in a competitive market with competitors including Syte, nyris, JustVisual, ViSenze and ImageVision, among others.

  • Headquarter Ahmedabad, India
  • Employees 1 as on 06 Apr, 2024
  • Founders Alok Patel, Aenik Shah
  • Stage Minicorn
  • Sectors
    Technology
    Retail
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Wizzy Softech Private Limited
  • Date of Incorporation 02 Nov, 2021
  • Jurisdiction Ahmedabad, Gujarat, India
Operational Areas
Technology → Artificial Intelligence & Machine Learning → →
Technology → Marketing, Adtech & Commerce Technology → →
Retail → E-Commerce Technology & Services → →
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $333.54 K (USD)

    in 2 rounds

  • Latest Funding Round
    $300 K (USD), Seed

    Feb 19, 2022

  • Investors
    Concept Communication

    & 30 more

  • Employee Count
    1

    as on Apr 06, 2024

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Funding Insights of Wizzy

Wizzy has successfully raised a total of $333.54K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $300 thousand completed in February 2022. 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 2
  • Last Round Seed — $300,000
  • First Round

    (25 Nov 2021)

  • Investors Count 31
Date Amount Transaction Name Valuation Lead Investors Investors
Feb, 2022 Amount Seed - Wizzy Valuation Udayavani , Concept Communication
Sat Industries , Amogh Agashe
Nov, 2021 Amount Seed - Wizzy Valuation 100X.VC
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in Wizzy

Wizzy has secured backing from 31 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Concept Communication, Manipal Technologies and Sat Industries. 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
Kolte Patil Family Office
Venture capital firm focused on early stage companies
Founded Year Domain Location
100X.VC
Early-stage startups are funded by 100X.VC venture capital firm.
Founded Year Domain Location
Sat Industries
PP/HDPE woven bags are manufactured by Sat Industries.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Wizzy

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Wizzy

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
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Wizzy Comparisons

Employees
+
Add Comparison
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Competitors of Wizzy

Wizzy 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 Syte, nyris, JustVisual, ViSenze and ImageVision, 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
Syte
domain founded_year HQ Location
Visual search platform for e-commerce is provided using image recognition.
nyris
domain founded_year HQ Location
AI-based software for object and image recognition is provided.
JustVisual
domain founded_year HQ Location
Provides advanced visual search and image recognition API solutions for businesses.
ViSenze
domain founded_year HQ Location
AI-based visual search and recognition tools are provided for e-tailers.
ImageVision
domain founded_year HQ Location
Imaging and computer vision solutions are offered for various applications.
Partpic
domain founded_year HQ Location
Visual recognition technology for MRO parts identification is offered.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Wizzy

Frequently Asked Questions about Wizzy

When was Wizzy founded?

Wizzy was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is Wizzy located?

Wizzy is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

Who is the current CEO of Wizzy?

Aenik Shah is the current CEO of Wizzy. They have also founded this company.

Is Wizzy a funded company?

Wizzy is a funded company, having raised a total of $333.54K across 2 funding rounds to date. The company's 1st funding round was a Seed of $33.54K, raised on Nov 25, 2021.

How many employees does Wizzy have?

As of Apr 06, 2024, the latest employee count at Wizzy is 1.

What does Wizzy do?

Founded in 2019 in Ahmedabad, India, Wizzy operates in the AI sector for eCommerce. Search queries from visitors are analyzed using artificial intelligence and machine learning to generate relevant results. Features such as smart suggestions, filtering options, behavior tracking, and performance insights are included. Integration with platforms including Shopify and Magento is enabled, with services offered on a subscription model.

Who are the top competitors of Wizzy?

Wizzy's top competitors include nyris, Syte and ViSenze.

Who are Wizzy's investors?

Wizzy has 31 investors. Key investors include Concept Communication, Manipal Technologies, Sat Industries, Kolte Patil Family Office, and Udayavani.

What is Wizzy's valuation?

The valuation of Wizzy is $1.94M as of Feb 2022.

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