About WRMS
WRMS is a company based in Gurugram (India) founded in 2004 by Ashish Agarwal and Anuj Kumbhat.. WRMS has raised $2.25 million across 6 funding rounds from investors including Indian Institute of Technology Kanpur, UPL and InsuResilience Solutions Fund. The company has 95 employees as of April 08, 2024. WRMS offers products and services including SecuRisk, SecuSense, SecuFarm, and SecuTrak. WRMS operates in a competitive market with competitors including Tomorrow.io, CropIn, Sencrop, Conservis and Granular, among others.
- Headquarter Gurugram, India
- Employees 95 as on 08 Apr, 2024
- Founders Ashish Agarwal, Anuj Kumbhat
- Stage Minicorn
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Sectors
Agriculture
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Email
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Phone
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Website
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Social
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- Legal Name Weather Risk Management Services Private Limited
- Date of Incorporation 05 Oct, 2004
- Jurisdiction Jodhpur, Rajasthan, India
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Annual Revenue
$2.32 M (USD)-41.34as on Mar 31, 2023
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Net Profit
$-566.68 K (USD)-2780.87as on Mar 31, 2023
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EBITDA
$-480.76 K (USD)-545.81as on Mar 31, 2023
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Total Equity Funding
$2.25 M (USD)
in 6 rounds
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Latest Funding Round
$2.21 M (USD), Grant
Jun 13, 2022
- Investors
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Employee Count
95
as on Apr 08, 2024
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Products & Services of WRMS
WRMS offers a comprehensive portfolio of products and services, including SecuRisk, SecuSense, SecuFarm, and SecuTrak. 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.
Platform for creating customized parametric insurance solutions.
Provides climate data insights for risk assessment and sustainability.
Offers weather alerts and precision tools for agricultural risk management.
Enables real-time supply chain monitoring and route optimization.
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Funding Insights of WRMS
WRMS has successfully raised a total of $2.25M across 6 strategic funding rounds. The most recent funding activity was a Grant round of $2.21 million completed in June 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 Funding
- Total Rounds 6
- Last Round Grant — $2.2M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2022 | Amount | Grant - WRMS | Valuation |
investors |
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| Mar, 2022 | Amount | Series A - WRMS | Valuation |
investors |
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| Aug, 2018 | Amount | Series A - WRMS | Valuation | UPL |
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| 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 WRMS
WRMS has secured backing from 7 investors, including institutional and angel investors. Prominent investors backing the company include Indian Institute of Technology Kanpur, UPL and InsuResilience Solutions Fund. 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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Climate risk insurance solutions are developed for vulnerable populations.
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Development financing is provided for economic projects in Germany.
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Founded Year | Domain | Location | |
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Sustainable agriculture technologies and solutions are provided to farmers globally.
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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 WRMS
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - WRMS
| 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 |
Wrms Comparisons
Competitors of WRMS
WRMS 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 Tomorrow.io, CropIn, Sencrop, Conservis and Granular, 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 |
Weather intelligence and forecasting solutions are provided for industries.
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| domain | founded_year | HQ Location |
Provider of farm management software solutions utilizing artificial intelligence and earth observation technology for improved crop productivity and decision-making
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| domain | founded_year | HQ Location |
Real-time farm monitoring is enabled by sensors and cloud software.
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| domain | founded_year | HQ Location |
Cloud-based farm management solutions are developed and offered.
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| domain | founded_year | HQ Location |
SaaS-based farm management software is provided for agricultural data analysis.
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| domain | founded_year | HQ Location |
Meats are retailed online and farm management solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Wrms
Frequently Asked Questions about WRMS
When was WRMS founded?
WRMS was founded in 2004.
Where is WRMS located?
WRMS is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of WRMS?
Anuj Kumbhat is the current CEO of WRMS. They have also founded this company.
Is WRMS a funded company?
WRMS is a funded company, having raised a total of $2.25M across 6 funding rounds to date. The company's 1st funding round was a Series A of $611.92K, raised on Jun 01, 2004.
How many employees does WRMS have?
As of Apr 08, 2024, the latest employee count at WRMS is 95.
What is the annual revenue of WRMS?
Annual revenue of WRMS is $2.32M as on Mar 31, 2023.
What does WRMS do?
WRMS was founded in 2004 in Gurugram, India, within the agritech sector. Tech-enabled solutions for farmers are delivered, emphasizing risk management via data analytics, technology, and financial tools. Core services encompass weather forecasting, crop health monitoring, and logistics management. Software platforms for weather prediction are also supplied to support agricultural operations.
Who are the top competitors of WRMS?
WRMS's top competitors include Tomorrow.io, CropIn and Sencrop.
What products or services does WRMS offer?
WRMS offers SecuRisk, SecuSense, SecuFarm, and SecuTrak.
Who are WRMS's investors?
WRMS has 7 investors. Key investors include Indian Institute of Technology Kanpur, UPL, InsuResilience Solutions Fund, KFW, and Vijay Mahajan.
What is WRMS's valuation?
The valuation of WRMS is $1.21M as of Mar 2022.
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