Futwork
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Futwork - overview
Established
2015
Location
Mumbai, Maharashtra, India
Primary Industry
Outsourcing
About
Based in Navi Mumbai, India, and founded in 2015 by Armaan Vananchal, Niranjan Nakhate and Sri Ganapathy, Wynaut Webventures Pvt Ltd, trading under the name Futwork, offers outbound tele-calling services to companies. In September 2024, Futwork raised INR 21 million in series A funding co-led by new investors Michael & Susan Dell Foundation and Artha Venture Fund, with participation from another new investor D2C Insider Angels, and an individual investor. The company trains people to work as sales tele-callers and then they are made to work for different companies for use cases including lead qualification, product demos, session booking, and customer feedback. The company has a variable cost model, where the clients pay for output only.
The clients of the company include Khatabook, Tata, Shyplite, Growth School, Upgrad, Meesho, Cashify, etc. The company plans to use the September 2024 funding to expand its product and introduce AI-powered solutions for comprehensive customer communication through voice, chat, email, and WhatsApp.
Current Investors
Blume Ventures, Simile Venture Partners, Riverside Ventures
Primary Industry
Outsourcing
Sub Industries
BPO Services, Human Resources Services, Recruitment/Executive Search, HR & Workforce Software
Website
www.futwork.com
Company Stage
Series A
Total Amount Raised
Subscriber access only
Futwork - timeline of key events
Futwork - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 780,256 | 4,878,662 | 20,327,923 | 44,890,076 | 18,163,312 | - | - | - |
| % Revenue Growth (YoY) | - | 525.3% | 316.7% | 120.8% | (59.5%) | - | - | - |
| EBITDA (USD) | (8,594,681) | (6,476,452) | (2,885,557) | (4,838,447) | (9,677,465) | - | - | - |
| Operating Income (USD) | (8,706,669) | (6,687,239) | (3,880,429) | (6,361,017) | (10,490,733) | - | - | - |
| Operating Margin | (1115.9%) | (137.1%) | (19.1%) | (14.2%) | (57.8%) | - | - | - |
| % EBITDA Margin | (1101.5%) | (132.8%) | (14.2%) | (10.8%) | (53.3%) | - | - | - |
| NET Income (USD) | (8,533,874) | (6,660,424) | (3,764,790) | (6,324,109) | (10,761,238) | - | - | - |
| % Net Margin | (1093.7%) | (136.5%) | (18.5%) | (14.1%) | (59.2%) | - | - | - |
Futwork - employee data
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