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Kwench - About the company

Kwench is an acquired company based in Mumbai (India), founded in 2008 by Sunder Nookala, Mitesh Damania and Vivek Chauhan. It operates as an Employee recognition and engagement platform. Kwench has raised $735K in funding from Sanron Management Services, with last known valuation of $*****. The company has 1029 active competitors, including 163 funded and 61 that have exited. Its top competitors include companies like Medallia, Xoxoday and WorkJam.

Company Details

Kwench is an employee recognition and engagement platform. The product is an employee recognition and rewarding platform that allows employers to recognize employees, analyze, and reward. The features of the product include timely recognition, tracking & analytics, employee social recognition, etc. Notable clients include TechMahindra, Philips, Nestle, TVS, Yes Bank, Lenovo, Aditya Birla, etc.
Registered Address
401, 4th Floor, Wing B, Pinak Galaxy Kapurbawadi Junction, Majiwada, Thane (W, est), Thane, Thane, Maharashtra, India, 400607
Key Metrics
Founded Year
2008
Location
Mumbai, India
Stage
Acquired
Total Funding
$735K in 4 rounds
Latest Funding Round
Last Known Valuation
$***** as on Aug 22, 2015
Ranked
Annual Revenue
₹55.2Cr as on Mar 31, 2019
Similar Companies
Exit Details
Acquired by O.C. Tanner (Apr 14, 2019)

Kwench's acquisition details

Kwench got acquired by O.C. Tanner on Apr 14, 2019. It was facilitated by Confluentia Advisors.
Click here to take a look at Kwench's acquisition in detail
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Kwench's funding and investors

Kwench has raised a total funding of $735K over 4 rounds. Its first funding round was on Apr 21, 2009. Its latest funding round was a Seed round on Aug 22, 2015 for $*****. 40 investors participated in its latest round. Kwench has 13 institutional investors and 54 angel investors.

Here is the list of recent funding rounds of Kwench:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Aug 22, 2015
7647809
Seed
8011622
6882688
5851007
5808190
Mar 01, 2011
2314004
Seed
2088640
7434543
7636011
Oct 09, 2009
7342465
Seed
3974319
2818318
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Kwench's founders and board of directors

Founder? Claim Profile
The founders of Kwench are Sunder Nookala, Mitesh Damania and Vivek Chauhan.
Here are the details of Kwench's key team members:

Kwench's Board of Directors

Kwench's board has 5 active members. Zubin Sheri Zack, Scott Nielsen Archibald, Scott David Sperry, David Allan Petersen and Ty Darren Brown are independent board members.
Here is the list of Kwench's board of directors:
Name
Type
Representing
Status
Duration
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Team
-
Past
4y 6m
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Team
-
Past
6y 1m
vmd{rem
Team
-
Past
4y 9m
powgkjq
Team
-
Past
1y 9m
cfritkr
Team
-
Past
8y 9m
sx{xcuu
Team
-
Past
7y 6m
Independent board member
-
Current
6y 11m
sqcvryc
Independent board member
-
Current
3y 5m
weeofob
Independent board member
-
Current
2y 9m
le{hpyw
Independent board member
-
Current
7y 9m
zkxzcne
Independent board member
-
Current
8y 7m
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Kwench's Competitors and alternates

Top competitors of Kwench include Medallia, Xoxoday and WorkJam. Here is the list of Top 10 competitors of Kwench, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Medallia
Medallia
2001, Pleasanton (United States), Acquired
Provider of experience management software and related customer service solutions
$340M
82/100
2nd
Logo for Xoxoday
Xoxoday
2012, Bengaluru (India), Acquired
Provider of rewards, recognition, loyalty, incentives, and payout program solutions
$30.6M
79/100
3rd
Logo for WorkJam
WorkJam
2014, Montreal (Canada), Series D
Provider of a platform for frontline workforce management and engagement
$167M
77/100
4th
Logo for Qualtrics
Qualtrics
2002, Provo (United States), Acquired
Provider of experience management software facilitating customer, employee, and market research
$400M
76/100
5th
Logo for Culture Amp
Culture Amp
2009, Richmond (Australia), Series F
Employee experience management platform
$259M
73/100
6th
Logo for Lattice
Lattice
2015, San Francisco (United States), Series F
Provider of a platform for managing employee performance, engagement, and compensation
$332M
71/100
7th
Logo for AdvantageClub.ai
AdvantageClub.ai
2016, San Francisco (United States), Series A
Provider of platform for employee recognition, rewards, incentives, and wellbeing
$11M
68/100
8th
Logo for Simpplr
Simpplr
2014, Milpitas (United States), Series D
Provider of an AI intranet and employee experience platform
$131M
67/100
9th
Logo for Achievers
Achievers
2002, Toronto (Canada), Acquired
Provider of employee recognition and rewards platform with marketplace access
$50.7M
66/100
10th
Logo for Humand
Humand
2020, Buenos Aires (Argentina), Series A
Mobile-based suite solutions for enterprise collaboration
$66.5M
66/100
50th
Logo for Kwench
Kwench
2008, Mumbai (India), Acquired
Employee recognition and engagement platform
$735K
49/100
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Kwench's Latest cap tables and shareholding

Founders (largest shareholder) own 64.46%, Funds own 2.12%, Enterprises own 5.94% and Angels own 27.43%. The net worth of Kwench's founders is INR 38.6Cr as of Aug 22, 2015.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
64.46%
38.6Cr
2112962
7822232
3950386
8476080
7917861
4463489
6419158
8241607
2410200
8497748
7197026
9748719
5887507
6526540
7569506
4678938
Fund
2.12%
1.28Cr
17
51
82
73
Enterprise
5.94%
3.56Cr
88222
92872
12125
52137
Angel
27.43%
16.4Cr
5746033
5339631
8832948
4155618
0
0
0
0
0
0
92
35
32
82
81
58
0
0
0
0
0
0
Total
99.95%
59.9Cr
6787410
2132065
1483278
1764594
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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 Kwench's Shareholding

Kwench's Investments and acquisitions

Kwench has made no investments or acquisitions yet.

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