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.
- Website
- www.kwench.com/
- 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
Investors
Ranked
50th among 1029 active competitors
Annual Revenue
₹55.2Cr as on Mar 31, 2019
Exit Details
Acquired by O.C. Tanner (Apr 14, 2019)
Legal entities associated with Kwench
Kwench is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
KWENCH GLOBAL TECHNOLOGIES PRIVATE LIMITED CIN: U72900MH2008PTC180736 , India, Amalgamated | Apr 02, 2008 | $7.91M (As on Mar 31, 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:
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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 |
View details of Kwench's funding rounds and investors
Kwench's founders and board of directors
Founder? Claim ProfileHere are the details of Kwench's key team members:
- Sunder Nookala: Former Co-Founder of Kwench. They are also an angel investor in 9 startups and serve on the boards of 3 companies.Contact Info: 1 email address
- Mitesh Damania: Former Co-Founder of Kwench. They are also an angel investor in 4 startups and serve on the board of 1 company.
- Vivek Chauhan: Former Co-Founder of Kwench. They are also an angel investor in 1 startup.Contact Info: 1 email address
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 |
|---|---|---|---|---|
{mvtgfk | Team | - | Past | 4y 6m |
dtfvs{e | 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 |
View details of Kwench's Founder profiles and Board Members
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Medallia 2001, Pleasanton (United States), Acquired | Provider of experience management software and related customer service solutions | $340M | 82/100 | |
2nd | Provider of rewards, recognition, loyalty, incentives, and payout program solutions | $30.6M | 79/100 | ||
3rd | Provider of a platform for frontline workforce management and engagement | $167M | 77/100 | ||
4th | Qualtrics 2002, Provo (United States), Acquired | Provider of experience management software facilitating customer, employee, and market research | $400M | 76/100 | |
5th | Culture Amp 2009, Richmond (Australia), Series F | Employee experience management platform | $259M | 73/100 | |
6th | Lattice 2015, San Francisco (United States), Series F | Provider of a platform for managing employee performance, engagement, and compensation | $332M | 71/100 | |
7th | AdvantageClub.ai 2016, San Francisco (United States), Series A | Provider of platform for employee recognition, rewards, incentives, and wellbeing | $11M | 68/100 | |
8th | Simpplr 2014, Milpitas (United States), Series D | Provider of an AI intranet and employee experience platform | $131M | 67/100 | |
9th | Provider of employee recognition and rewards platform with marketplace access | $50.7M | 66/100 | ||
10th | Mobile-based suite solutions for enterprise collaboration | $66.5M | 66/100 | ||
50th | Employee recognition and engagement platform | $735K | 49/100 |
Looking for more details on Kwench's competitors? Click here to see the top ones
Kwench's Investments and acquisitions
Kwench has made no investments or acquisitions yet.
News related to Kwench
•
Indian Angel Network invested ₹160 crore in startups, across 44 deals in 2019Livemint•Dec 24, 2019•Indian Angel Network, Monitra Healthcare, Chakr Innovations, Nocca Robotics and 9 others
•
O.C. Tanner Acquires India-based Employee Recognition Company KwenchPR Newswire•Apr 14, 2019•O.C. Tanner, Kwench
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