Cloudworx has raised INR 40 lakhs from shark tank season 2. The owner asked for 40 lakhs rupees for 2% equity in the company. Namita and Anupam invested in this startup.
Namita and Anupam together gave an offer of 40 lakhs for 5% equity with two conditions that Namita’s technical team would undergo due intelligence and Investigation about the use case. Then the pitcher counter offers 40 lakhs for 3.2%. And the deal was done with Namita and Anupam for 40 lakhs rupees in exchange for 3% equity in the company at a valuation of 12.58 crore rupees.
Also Read What’s Up Wellness has raised INR 60 lacs from shark tank season 2. Veenita, Aman and Anupam invested in this startup. Pitcher asked ₹50 lakhs for 3% equity in the company at a valuation of 16.67 crores.
The founder of the company is Yuvraj Tomar. He has completed his engineering with IT specialization degree from PEC University of Technology, Punjab. In 2011, his first corporate stint was at Google through Google Summer of codes. Later he worked at Cisco for 1.5 years and then started Cloudworx in 2019.
Cloudworx is a no-code SaaS enterprise metaverse platform that helps you to make 3D models without using any codes. With the help of this Cloudworx platform, it is effortless to manage large-scale businesses. Their company’s clients are the Finnish government, European government, and Indian government. The software can track energy constraints, presence constraints, and many more. The hardware to implement this software costs around 850-600 rupees. The cost of the software per month will be approximately 4.14 lakhs to 8.28 lakhs, which depends on the factory or business size.
There are steps to use Cloudworx, like Adding data elements, Creating the 2D and 3D look and feel models, Building app workflows, Designing and linking all the pages and Publishing and multiple platforms. We don’t need a .exe file to run this application because this application can be run on any web browser. Their innovation is US patent granted—their USP no-code with 3D IoT model.
Cloudworx Business Statistics:
The company’s sales last month were 14 lakhs rupees. Their monthly sales are increased by 25%. Their lifetime sales are 1.45 crores. With 2 months sales cycle, they are at the break-even point. In May 2020, they raised one round of funding. That was 71 lakhs rupees at a valuation of 8 crore rupees.
What Problem Do They Solve?
These days Virtual reality, metaverse and NFT are all becoming very popular. Not just shopping, meetings and partying, but you can also run the business through a metaverse. Cloudworx is a no-code SaaS enterprise metaverse platform. It adds simple tools for viewing and working with slices of point cloud data. That speed up 2D drawing creation and 3D object and surface modelling, Enhance survey workflows, Improve as-built modelling and Simplify modelling in context.
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