Qbit - About the company
Qbit is an acquired company based in Mumbai (India), founded in 2015 by Amit Mishra and Naveen Merudi. It operates as a Provider of AI and cloud-based transportation management solutions. Qbit has raised $326K in funding from Indian Angel Network. The company has 1655 active competitors, including 138 funded and 126 that have exited. Its top competitors include companies like Einride, Ripplr and Turvo.
Company Details
Provider of AI and cloud-based transportation management solutions. The company offers an automation platform for managing logistics operations. It includes delivery management, dispatch planning, indenting, shipment tracking, and more.
- Website
- www.qbitscm.ai
- Social
- Email ID
- *****@qbitscm.ai
- Phone Number
- +91 **********
- Registered Address
- OFFICE NO.627, BOMBAY OIL SEEDS, PLOT NO.2/3/4 SECTOR-19A, VASHI, Thane, NAVI MUMBAI, Maharashtra, India, 400705
Key Metrics
Founded Year
2015
Location
Mumbai, India
Stage
Acquired
Total Funding
$326K in 2 rounds
Latest Funding Round
Investors
Ranked
52nd among 1655 active competitors
Employee Count
40 as on Jun 30, 2026
Exit Details
Acquired by Sitics (May 10, 2021)
Legal entities associated with Qbit
Qbit is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SITICS TECHNOLOGIES PRIVATE LIMITED CIN: U72300MH2015PTC326604 , India, Active | Jun 23, 2015 | 0 - ₹10 Cr (As on Mar 31, 2025) | - |
Qbit's acquisition details
Qbit got acquired by Sitics on May 10, 2021.
Click here to take a look at Qbit's acquisition in detail
Sign up to download Qbit's company profile
Qbit's funding and investors
Qbit has raised a total funding of $326K over 2 rounds. Its first funding round was on Oct 08, 2015. Its latest funding round was a Seed round on Feb 15, 2020 for $*****. 1 investor participated in its latest round. Qbit has 15 institutional investors and 30 angel investors.
Here is the list of recent funding rounds of Qbit:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 15, 2020 | 2898049 | Seed | 8103836 | 4244434 | 1806874 | 9465731 |
Oct 08, 2015 | 7163955 | Seed | 3800103 | 5506295 |
Access funding benchmarks and valuations. Sign up today!View details of Qbit's funding rounds and investors
Qbit's founders and board of directors
Founder? Claim ProfileHere are the details of Qbit's key team members:
- Amit Mishra: Co-Founder & CEO of Qbit and founder of 1 other company. They serve on the boards of 2 companies.Contact Info: 2 email addresses
- Naveen Merudi: Co-Founder and Chief Revenue Officer of Qbit.
Qbit's Board of Directors
Qbit's board has 5 active members. Amit Mishra is part of team and Sikander Mammi Ambattuvalappil, Haridas Thekkiveettil, Chandrasekaran Praneshkumar and Amit Bansal are independent board members.Here is the list of Qbit's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 9m | |
Independent board member | - | Current | 5y 0m | |
kwsa{uy | Independent board member | - | Current | 3y 9m |
wnkovvu | Independent board member | - | Current | 8y 8m |
xnduwfc | Independent board member | - | Current | 5y 4m |
View details of Qbit's Founder profiles and Board Members
Qbit's employee count trend
Qbit has 40 employees as of Jun 26. Here is Qbit's employee count trend over the years:
Uncover Qbit's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Qbit's Competitors and alternates
Top competitors of Qbit include Einride, Ripplr and Turvo. Here is the list of Top 10 competitors of Qbit, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of electric and autonomous freight transportation solutions | $865M | 73/100 | ||
2nd | Provider of distribution and logistics services for multiple industry verticals | $123M | 72/100 | ||
3rd | Turvo 2014, San Mateo (United States), Acquired | Provider of a cloud and AI-based collaborative logistics platform | $85M | 71/100 | |
4th |  Freight Tiger 2014, Mumbai (India), Acquired | Provider of a digital freight network and transportation management system | $57.7M | 70/100 | |
5th | Optimal Dynamics 2014, New York City (United States), Series C | Developer of a decision automation platform for the truckload industry | $94.8M | 64/100 | |
6th | Descartes 1981, Waterloo (United States), Public | Provider of cloud-based solutions for logistics and supply chain management | - | 64/100 | |
7th |  Super Dispatch 2013, Kansas City (United States), Seed | End-to-end transport management solutions for the car hauling industry | $1.95M | 63/100 | |
8th |  Alvys 2020, Solana Beach (United States), Series B | Developer of transportation management system software for logistics operations | $77M | 63/100 | |
9th | Offers cloud-enabled end-to-end supply chain and logistcis transportation management solutions | $998K | 62/100 | ||
10th | McLeod Software 1985, Birmingham (United States), Unfunded | Provider of transportation management software solutions for carriers, brokers, 3PL providers, and shippers | - | - | 62/100 |
52nd | Provider of AI and cloud-based transportation management solutions | $326K | 47/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Qbit's competitors? Click here to see the top ones
Qbit's Latest cap tables and shareholding
Founders (largest shareholder) own 71.01%, Funds own 5.69%, Enterprises own 3.45% and Angels own 17.04%. The net worth of Qbit's founders is INR 8.68Cr as of Feb 15, 2020.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 71.01% | 8.68Cr | 9003687 | 9727208 | 7331066 | 8513207 |
Fund | 5.69% | 69.5L | 74577 | 10541 | 58095 | 60779 |
Enterprise | 3.45% | 42.3L | 385 | 907 | 620 | 949 |
Angel | 17.04% | 2.09Cr | 9516218 | 7257334 | 2191528 | 1238030 |
Other People | 2.75% | 33.6L | 50 | 48 | 50 | 30 |
Total | 99.94% | 12.2Cr | 7990832 | 5491909 | 1517164 | 7052018 |
To unlock detailed Cap Table of Qbit Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Qbit's Shareholding
Qbit's Investments and acquisitions
Qbit has made no investments or acquisitions yet.
Reports related to Qbit
Here is the latest report on Qbit's sector:
Are you a Founder ?
FAQs about Qbit
Explore our recently published companies
- Uclaubsbruins - 1981 founded, Unfunded company
- Realtyconsultants - Unfunded company
- Trade Links - Delhi based, 1951 founded, Unfunded company
- SpeedCalcs - Kingston based, 2025 founded, Unfunded company
- Himalaya Wellness Company - Bengaluru based, 1930 founded, Unfunded company
- Jindal Renewables - Gurugram based, 2023 founded, Unfunded company
