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Kennect - About the company

Kennect is a seed company based in New York City (United States), founded in 2015 by Pulkit Agrawal and Pralok Chhajed. It operates as a Platform offering sales performance and incentive management software. Kennect has raised $711K in funding from FortyTwo.VC, with a current valuation of *****. The company has 117 active competitors, including 21 funded and 11 that have exited. Its top competitors include companies like Xoxoday, Varicent and Everstage.

Company Details

Platform offering sales performance and incentive management software. It helps to make the sales process more transparent, automates sales compensation, and improves operational efficiency. It reduces time and calculation error, optimizes commission strategies and reduces the post incentive disbursement queries. Their clients include Cipla, Oaknet, and several others.
Social
XFacebook
Email ID
*****@kennect.io
Phone Number
+1 **********
Registered Address
15TH FLR, 1501, PROMENADE 4 LBS ROAD, OPP R CITY MALL, NEAR GODREJ GATE NO. 1 GHATKOPAR(W), Mumbai, Mumbai, Mumbai, Maharashtra, India, 400086
Key Metrics
Founded Year
2015
Location
New York City, United States
Stage
Seed
Total Funding
$711K in 2 rounds
Latest Funding Round
Post Money Valuation
***** as on Dec 22, 2016
Investors
Ranked
Employee Count
42 as on Aug 31, 2025
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Kennect's funding and investors

Kennect has raised a total funding of $711K over 2 rounds. Its first funding round was on Dec 22, 2016. Its latest funding round was a Seed round on Aug 09, 2022 for $*****. 1 investor participated in its latest round. Kennect has 2 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Kennect:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Aug 09, 2022
4952126
Seed
8950483
1446240
4627981
9000327
Dec 22, 2016
3647572
Angel
6354777
3431413
9948479
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Kennect's founders and board of directors

Founder? Claim Profile
The founders of Kennect are Pulkit Agrawal and Pralok Chhajed. Pulkit Agrawal is the CEO of Kennect.
Here are the details of Kennect's key team members:

Kennect's Board of Directors

Kennect's board has 2 active members. Pulkit Agrawal and Pralok Chhajed are part of team.
Here is the list of Kennect's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
10y 9m
pabcihh
Team
-
Current
1y 2m

Kennect's employee count trend

Kennect has 42 employees as of Aug 25. The total employee count is 2.0% lower than what it was in Aug 24. Here is Kennect's employee count trend over the years:
Employee count trend for Kennect
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Kennect's Competitors and alternates

Top competitors of Kennect include Xoxoday, Varicent and Everstage. Here is the list of Top 10 competitors of Kennect, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Xoxoday
Xoxoday
2012, Bengaluru (India), Acquired
Cloud-based platform providing digitized rewards, incentives, loyalty, and payouts solutions for businesses worldwide
$101M
78/100
2nd
Logo for Varicent
Varicent
2003, Toronto (Canada), Acquired
Provider of incentive compensation management solutions for enterprises
$49M
71/100
3rd
Logo for Everstage
Everstage
2020, Wilmington (United States), Series B
Platform offering software to manage sales commissions
$44.7M
70/100
4th
Logo for CaptivateIQ
CaptivateIQ
2017, San Francisco (United States), Series C
Platform offering sales incentive management software
$165M
69/100
5th
Logo for QuotaPath
QuotaPath
2018, Philadelphia (United States), Series B
SaaS-based performance management system for sales professionals
$67.3M
63/100
6th
Logo for Spiff
Spiff
2015, Salt Lake City (United States), Acquired
Compensation and commission management software
$109M
59/100
7th
Logo for Board
Board
1994, Chiasso (Switzerland), Acquired
Cloud-based financial planning and analysis and budgeting solutions for enterprises
$23.8M
57/100
8th
Logo for Monocle
Monocle
2023, New York City (United States), Acquired
Provider of an AI platform personalizing customer interactions across marketing channels
$7.5M
56/100
9th
Logo for Remuner
Remuner
2023, Barcelona (Spain), Seed
Cloud based ERP software and management solutions for businesses
$8.68M
53/100
10th
Logo for Ancora
Ancora
2017, Gurugram (India), Acquired
Provider of performance management solutions for enterprises
-
-
53/100
24th
Logo for Kennect
Kennect
2015, New York City (United States), Seed
Platform offering sales performance and incentive management software
$711K
34/100
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Kennect's Latest cap tables and shareholding

Founders (largest shareholder) own 50.40%, Angels own 10.00% and Other People own 39.60%. The net worth of Kennect's founders is INR 37.8L as of Dec 22, 2016.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
50.40%
37.8L
5843709
6350051
5670291
3798536
6383600
9470757
8162608
6370327
2935533
4850755
1758225
5522825
6033584
8597592
1309486
1895475
Angel
10.00%
7.5L
7070502
3306947
9379497
9620975
6304615
3583498
5905338
2920047
8637945
5095926
Other People
39.60%
29.7L
3097741
8373330
8083131
6820792
Total
100.00%
75L
9485481
5027376
9868932
9344138
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of Kennect's Shareholding

Kennect's Investments and acquisitions

Kennect has made no investments or acquisitions yet.

Reports related to Kennect

Here is the latest report on Kennect's sector:

News related to Kennect

Media has covered Kennect for 1 event in last 1 year, It was about company updates.
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