When was Futwork founded?

Futwork was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Futwork located?

Futwork is headquartered in Mumbai, India. It is registered at F-2, C/6, Sector -10, Vashi, Navi Mumbai, Thane, Thane, Mumbai, Maharashtra, India, 400703.

Which legal entities is Futwork associated with?

Futwork is associated with WYNAUT WEBVENTURES PRIVATE LIMITED.

How many employees does Futwork have?

As of Aug 31, 2025, the latest employee count at Futwork is 109.

Is Futwork a funded company?

Futwork is a funded company, having raised a total of $4.09M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 02, 2016.

How much is Futwork worth?

The latest valuation of Futwork is $***** as of Sep 12, 2024.

When was the latest funding round of Futwork?

Futwork's latest funding was a $***** Series A round on Sep 12, 2024, with participation from 5 investors.

What is the annual revenue of Futwork?

Annual revenue of Futwork is between ₹10 Cr and ₹50 Cr as on Mar 31, 2026

Where does Futwork rank among its competitors?

Futwork ranks 17th amongst 2518 active competitors, of which 186 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Genesys, which secured $25M in Aug, 2026.

Who are the top competitors of Futwork?

Futwork's top competitors include RingCentral, Freshworks and Sinch. Among them, Genesys secured the most recent funding round in August, 2026.

Futwork - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of AI-powered contact center solutions. It offers human and AI-driven contact center services for various industries, including logistics, fintech, education, and banking. The company provides full-stack customer communication solutions, integrating APIs with leading CRMs and utilizing proprietary interactive scripts. Real-time data collection and communication flows (WhatsApp, IVR, SMS) are key features. AI agents handle complex calls, while AI-driven training and quality assurance tools enhance agent performance. The company also offers a hybrid model with trained specialists for increased conversions and customer support.

Website: www.futwork.com/
Social
Email ID: *****@futwork.com
Registered Address: F-2, C/6, Sector -10, Vashi, Navi Mumbai, Thane, Thane, Mumbai, Maharashtra, India, 400703

Key Metrics

Founded Year

2016

Location

Mumbai, India

Stage

Series A

Total Funding

$4.09M in 7 rounds

Latest Funding Round

Series A, Sep 12, 2024, $*****

Post Money Valuation

$***** as on Sep 12, 2024

Investors

3F Ventures & 51 more

Ranked

17^th among 2518 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2026

Employee Count

109 as on Aug 31, 2025

Similar Companies

RingCentral & 2225 more

View Futwork's full profile

Futwork is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
WYNAUT WEBVENTURES PRIVATE LIMITED CIN: U74140MH2016PTC273592 , India, Active	Feb 26, 2016	₹10 - ₹50 Cr (As on Mar 31, 2026)	109 (As on Aug 31, 2025)

Futwork has raised a total funding of $4.09M over 7 rounds. Its first funding round was on May 02, 2016. Its latest funding round was a Series A round on Sep 12, 2024 for $*****. 5 investors participated in its latest round. Futwork has 13 institutional investors and 39 angel investors.

Here is the list of recent funding rounds of Futwork:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 12, 2024	1395667	Series A	9847527	1718235	7770327	4387701
Aug 29, 2024	4801292	Seed	4104902	4557922	6862836	We Founder Circle
Mar 28, 2022	1574810	Angel	5301139	8739573	Blume Venture & 1 more	Riverside Ventures & 10 more

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View details of Futwork's funding rounds and investors

The founders of Futwork are Karan Ashok Karnik and Armaan Vananchal.

Here are the details of Futwork's key team members:

Karan Ashok Karnik: Former Co-Founder of Futwork and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.
Armaan Vananchal: Co-Founder of Futwork and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

Futwork's Board of Directors

Futwork's board has 2 active members. Armaan Vananchal and Niranjan Nakhate are part of team.

Here is the list of Futwork's board of directors:

Name	Type	Representing	Status	Duration
Armaan Vananchal	Team	-	Current	10y 6m
Niranjan Nakhate	Team	-	Current	10y 6m
qndayso	Team	-	Past	4y 7m

View details of Futwork's Founder profiles and Board Members

Futwork's employee count trend

Futwork has 109 employees as of Aug 25. The total employee count is 118.0% more than what it was in Aug 24. Here is Futwork's employee count trend over the years:

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Top competitors of Futwork include RingCentral, Freshworks and Sinch. Here is the list of Top 10 competitors of Futwork, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	RingCentral 1999, Belmont (United States), Acquired	Cloud based platform offering unified communication solutions	$44M	IVP, Altimeter Capital & 59 others	86/100
2nd	Freshworks 2010, Chennai (India), Public	Provider of IT service management and customer support solutions	$400M	Accel, Tiger Global Management & 9 others	84/100
3rd	Sinch 2008, Stockholm (Sweden), Public	Provider of customer communications management platform	$12M	SoftBank Group, Temasek & 8 others	80/100
4th	Genesys 1990, Menlo Park (United States), Acquired	Provider of cloud-based platform for customer experience and workforce engagement	$3B	Hellman & Friedman, Salesforce Ventures & 18 others	80/100
5th	Zendesk 2007, San Francisco (United States), Acquired	Cloud based customer service and engagement platform for businesses	$89.1M	Redpoint Ventures, Goldman Sachs & 20 others	79/100
6th	Dialpad 2011, San Ramon (United States), Series F	Provider of AI-powered contact center and unified communications platform solutions	$476M	ICONIQ Growth, Amasia & 44 others	79/100
7th	Twilio 2008, San Francisco (United States), Public	Cloud based omnichannel communication and customer engagement platform	$240M	T. Rowe Price, Fidelity Investments & 40 others	78/100
8th	Aircall 2014, New York (United States), Series D	Provider of cloud-based platform for business communication and customer engagement	$226M	Balderton Capital, EFounders & 34 others	78/100
9th	Exotel 2011, Bengaluru (India), Series D	Provider of cloud-based communication platform offering AI-powered customer engagement solutions	$97.7M	A91 Partners, Steadview & 65 others	77/100
10th	Intercom 2011, San Francisco (United States), Series D	Provider of a customer service and support platform offering AI-powered solutions for managing customer interactions	$242M	Kleiner Perkins, Index Ventures & 41 others	76/100
17th	Futwork 2016, Mumbai (India), Series A	Provider of AI-powered contact center solutions	$4.09M	3F Ventures, Riverside Ventures & 50 others	70/100

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WYNAUT WEBVENTURES PRIVATE LIMITED, the legal entity associated with Futwork, generated between ₹10 Cr and ₹50 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of WYNAUT WEBVENTURES PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 71% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	5843	4648	4125	4437	1023
Total Sales	1103	4223	9272	3399	4801
Total Expenses	9238	9276	7108	2449	8703
Operating Expenses	5602	4310	9807	5340	8744
Employee Expenses	7882	3068	9562	7131	6940
Operating Income (EBIT)	9447	9249	1375	7135	5669
Interest Expenses	1851	2389	1193	5545	3276
Expenses from other activities	5068	2986	3102	7267	2015
EBITDA	2874	7165	3925	1305	4030
Taxes	1513	6286	1997	8781	9186
Net Profit	3423	9053	4444	9818	5788
Balance Sheet
Assets	6673	5123	2166	8460	3501
Accounts Receivables	3800	5893	1659	4783	7970
Inventory	8954	2804	1020	3303	9131
Liabilities	4224	5604	4706	2885	9560
Total Debt	6203	3539	8620	5035	9223
Accounts Payable	8592	4995	1778	5194	5589
Equities	7750	7245	2936	7936	7306

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders (largest shareholder) own 35.69%, Funds own 18.82%, Angels own 19.74% and Other People own 5.26%. The net worth of Futwork's founders is INR 5.19Cr as of Apr 12, 2021. The cap table displayed below is for WYNAUT WEBVENTURES PRIVATE LIMITED which is the legal entity associated with Futwork.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	35.69%	5.19Cr	9074226	9275801	5732687	2412369
Armaan Vananchal	8819259	3884818	1301526	3760818	3410095	7473699
Fund	18.82%	2.74Cr	5505690	3568397	5714512	9509682
Blume Venture	7148533	9829161	5513012	2806238	7918837	9040725
Angel	19.74%	2.87Cr	6526007	8530332	5626883	4763913
Other People	5.26%	76.5L	33465	55350	36665	46089
ESOP Pool	20.52%	2.99Cr	6584430	7597322	2462970	1263868
Total	100.00%	14.6Cr	5877172	5353873	4121103	4745151