WitWorks - About the company
WitWorks is an acqui-hired company based in Bengaluru (India), founded in 2015 by Ankit DP, Chandrashekhar Iyer and Somnath Meher. It operates as a Develops a smartwatch for notification alerts, fitness tracking and other functions. WitWorks has raised $476K in funding from Investopad and Fireside Ventures, with last known valuation of ₹*****. The company has 659 active competitors, including 92 funded and 34 that have exited. Its top competitors include companies like Withings, Fitbit and Zepp Labs.
Company Details
Witworks develops a smartwatch called Blink. It offers functionality such as navigation, fitness tracking and music through its voice-enabled interface. The voice interface, called Marvin, was developed in-house. It can connect to phones to offer notifications, and offers a 35-hour run on a single charge. The watch is compatible with both Android and iOS. It partners with Titan and HMT to create its watch designs.
- Website
- witworks.com
- Social
- Registered Address
- No. 76, Block-4 'B' 7th 'A' Koramangala, Bangalore, Karnataka, India, 560034
Legal entities associated with WitWorks
WitWorks is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
WITWORKS CONSUMER TECHNOLOGIES PRIVATE LIMITED CIN: U72200KA2015PTC083013 , India, Active | Sep 24, 2015 | $76.1K (As on Mar 31, 2017) | - |
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WitWorks's funding and investors
WitWorks has raised a total funding of $476K over 1 round. Its latest funding round was a Seed round on Aug 25, 2016 for $*****. 19 investors participated in its latest round. WitWorks has 3 institutional investors and 16 angel investors.
Here is the list of recent funding rounds of WitWorks:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 25, 2016 | 9058607 | Seed | 1929769 | 3018793 | 5101600 | 1223739 |
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WitWorks' founders and board of directors
Founder? Claim ProfileHere are the details of WitWorks' key team members:
- Ankit DP: Co-Founder of WitWorks and founder of 1 other company. They serve on the boards of 2 companies.
- Chandrashekhar Iyer: Co-Founder of WitWorks and founder of 1 other company. They serve on the boards of 2 companies.
- Somnath Meher: Co-Founder & CEO of WitWorks. They serve on the board of 1 company.
WitWorks' Board of Directors
WitWorks's board has 3 active members. Ankit DP, Chandrashekhar Iyer and Somnath Meher are part of team.Here is the list of WitWorks' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 1m | |
Team | - | Current | 10y 1m | |
Team | - | Current | 10y 1m |
View details of WitWorks's Founder profiles and Board Members
WitWorks' employee count trend
WitWorks has 11 - 50 employees as of Jul 24. Here is WitWorks's employee count trend over the years:
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WitWorks's Competitors and alternates
Top competitors of WitWorks include Withings, Fitbit and Zepp Labs. Here is the list of Top 10 competitors of WitWorks, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of an array of connected products | $93.8M | 81/100 | ||
2nd | Fitbit 2007, San Francisco (United States), Acquired | Internet-first brand offering smartwatches and fitness trackers | $65.1M | 75/100 | |
3rd | Zepp Labs 2011, San Jose (United States), Acquired | Provider of smart wearables and health technology for fitness wellness and lifestyle | $20M | 74/100 | |
4th | Developer of AI-powered voice interaction and generative AI technologies | $255M | 67/100 | ||
5th | Matrix Industries 2011, Menlo Park (United States), Series B | Developer of smartwatch which charges from body heat | $55.7M | 67/100 | |
6th | Garmin International 1989, Olathe (United States), Public | Provider of smart fitness trackers and watches | - | 67/100 | |
7th |  Goqii 2014, Redwood City (United States), Series C | Provider of a wearable wristband integrated with personalized coaching | $110M | 66/100 | |
8th | Whoop 2012, Boston (United States), Series F | Provider of a smart wearable device for physical activities monitoring | $406M | 64/100 | |
9th | STATSports 2008, Newry (United Kingdom), Acquired | Players performance tracking solution | - | 61/100 | |
10th |  Nu Republic 2018, Gurugram (India), Seed | Manufacturer of personal audio devices, smartwatches, power accessories, and travel gear | $1.4M | 61/100 | |
76th | Develops a smartwatch for notification alerts, fitness tracking and other functions | $476K | 38/100 |
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WitWorks's Investments and acquisitions
WitWorks has made no investments or acquisitions yet.
Reports related to WitWorks
Here is the latest report on WitWorks's sector:
News related to WitWorks
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Online Fashion Platform Myntra Acquires Smart-Wearable Startup WitworksFranchise India•Jun 21, 2018•Myntra, WitWorks
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Myntra buys Witworks to build smart wearable productsIndiatimes•Apr 16, 2018•WitWorks, Myntra, Blink, and 1 other
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Consumer IoT startup Witworks launches its first smartwatch Blink Read more at: http://economictimes.indiatimes.com/articleshow/54602642.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstIndiatimes•Sep 30, 2016•WitWorks, Blink Booking, Marvin, Indian Institute Of Technology Kharagpur and 1 other
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Indian IoT startup Witworks raises seed round, launches smartwatche27•Aug 26, 2016•WitWorks, Blink, Shaadi, Ola and 1 other
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Witworks raises seed funding from Fireside Ventures, InvestopadLivemint•Aug 25, 2016•WitWorks, Investopad, Android, Thinkinnoventions.com and 17 others
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#Fundingwire – Newly Found FinTech Startup InCred Raises Rs 500Cr; Convegenius Raises Rs 6Cr & MoreIamWire•Aug 25, 2016•Incred Medical Finance, ConveGenius, WitWorks, Beyond Evolution and 1 other
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Pi Ventures plans to raise Rs195 crore for first fundLivemint•Aug 18, 2016•Locus, Dropkaffe Food And Beverages, WitWorks, AdSparx
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