SucSEED Indovation Fund backs Enterprise SAAS platform We360.ai!!
We360.ai is an employee productivity monitoring software working in the B2B SaaS space , helping business owners and managers to manage employee productivity effectively. We360.ai uses real time analytics to determine the working pattern of employees. We360.ai has secured an $500k amount from Hyderabad headquartered SucSEED Indovation Fund, GSF Accelerator, Mr. Vishal Gondal (Founder & CEO GOQii), ah! Ventures , Campus Fund VC , HEM Angels.
With the seed round, We360.ai enables opportunity to create value for their customers and expand globally.
We360.ai is a cloud based employee monitoring software that helps managers gain actionable insights into employee productivity with analytics through personalized dashboards and reports irrespective of the location of the employee. An employee productivity monitoring tool which is exemplary for SMEs which are trying to scale up, manage distributed teams, increase employee productivity and establish transparency in the organization. With features like Application and URL tracking, productivity measurement and attendance management, it becomes the perfect software for all small and medium businesses.
The company is sector agnostic and caters to large customers like Pajantali Research and Cogent Infotech while also catering to SMBs. The award winning product has a 4.9 user rating on G2, with over 10,000+ employees, empowering 600+ SMBs being internationally recognized across continents.
Founded by 21 year old Arnav Gupta along with Sandeep Panda and Swapnil Tripathi as his Co-founders. We360.ai is headquartered in Tier-2 Bhopal , MP. Sandeep comes with an experience of 14+ years and has built many cutting edge products in the past. He specializes in ML and blockchain. Swapnil brings an experience of 18+ years , has worked with the likes of TATA , reliance. He has also exited from an ed-tech startup post acquisition. He is a Digital Marketing and Sales Strategist with a focus on both Economy and scale.
Arnav Gupta the Founder and CEO of We360.ai said, “We360.ai is enabling businesses to scale and operate in an enhanced way which is showing promising results in terms of output, data security and even revenue.”
He further added, “We are focused on our goal to empower 1 million companies and their employees. This fundraise will help us get to that target. We are glad to have our clients and investors’ confidence who have helped us reach here and inspiring us to move onward and upward.”
Speaking on investing in We360, Lax Chepuri, Partner at SucSEED Indovation Fund said, “With the continuous rise in distributed teams, CIO’s want relevant tools for hybrid world. Believing the majority of the workforce across the globe will be remote workers. TAM in India is $0.2 Billion, USA/Europe is $4.5 Billion, Rest is $2.6 Billion. Total TAM is $7.3 Billion. With a CAGR of 18.82%.”
He further added, “With We360.ai, you no longer have to waste your time consolidating productivity data or perform manual analysis. Their solution empowers managers, HRs, and admin users with a hierarchy-based dashboard to quickly analyze an employee’s performance, at a granular level.”
Mr. Rajesh Sawhney the Founder & CEO of GSF Accelerator said, “COVID pandemic has disrupted the workplace and traditional style of work management. A new digital way is emerging but the tools and mindset to manage work remain dated. I am excited about the way We360.aI is empowering organisations and tech workers to embrace the new world of work.”
Vishal Gondal the Founder & CEO of GOQii said, “Happy to back Arnav and the dynamic team. They are building a world class product with amazing customer insights. Happy to guide them through their journey. They have a bright future ahead!”
CA Gaurav Jain the Director of HEM Angels said “We360.ai provides 360 degree analytics on the working behaviors of the employees at scale which is empowering companies to enhance their overall productivity using technology . We are proud to back young founders like Arnav.”
This round also saw participation from Mr. Dinesh Agarwal (Founder — IndiaMart) , Mr. Pras Hanuma (Strategic Investor) , Mr. Amarjit Batra (MD , Spotify India) , Mr. Vigyan Lodha (Serial entrepreneur), Mr. Akbar Khan (CEO Rain Instant Pay) , Mr. Kanwaljit Bombra (Co-founder & CEO nCORE Games) , Mr. Nitish Mittersain (Founder & MD Nazara Technologies) and other HNIs.
The company was advised by PepperTree, an advisory firm run by ex-bankers Akshi Mehta and Ankur Goyal.