Rewardz Private Limited
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Rewardz Private Limited - overview
Established
2012
Location
Singapore, -, Singapore
Primary Industry
Consumer Services
About
Rewardz Private Limited enhances employee engagement and customer loyalty through innovative platforms in the rewards and recognition sector. Founded in 2012, Rewardz Private Limited operates in Singapore, providing tailored solutions for employee engagement and customer loyalty. The company was co-founded by Jaya Maru, Nicole Seah, and Sudhanshu Tewari, who currently serves as CEO. Rewardz raised USD 0.
71 mn in Series A funding from Benefit One Inc. in December 2016, marking a pivotal moment in its business strategy. The company has been involved in one deal to date and has a current valuation of USD 2. 923 mn.
Rewardz specializes in employee rewards and recognition, offering solutions like CERRA Applause for employee recognition, CERRA Flex for customized benefits, CERRA Incentives for engaging channel partners, and CERRA Wellness for corporate wellness initiatives. Their SPUR marketplace provides a diverse range of rewards options for both employees and customers, catering to corporate clients looking to improve morale and motivation across Asia and beyond. In 2023, Rewardz generated revenue of USD 10. 08 mn and achieved an EBITDA of USD 1.
17 mn. The revenue model includes subscription services for its platforms, enabling businesses to implement effective reward systems that enhance employee performance and customer loyalty. Rewardz Private Limited aims to expand its product offerings and geographic presence. The company is currently developing new features for its existing platforms, with plans to launch updates throughout 2024.
Moreover, Rewardz intends to enter new markets in Southeast Asia and beyond, leveraging recent funding from the December 2016 Series A round to support these initiatives. The funding will be utilized to enhance their technology stack and marketing efforts, facilitating the expansion into targeted regions.
Current Investors
Benefit One Inc.
Primary Industry
Consumer Services
Sub Industries
Corporate Event Management, Consumer Services, HR & Workforce Software
Website
www.rewardz.sg
Company Stage
Series A
Total Amount Raised
Subscriber access only
Rewardz Private Limited - timeline of key events
Rewardz Private Limited - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 222,979 | 448,650 | 1,379,541 | 2,984,632 | 9,331,798 | 10,224,113 | - | - | - |
| % Revenue Growth (YoY) | - | 101.2% | 207.5% | 116.3% | 212.7% | 9.6% | - | - | - |
| EBITDA (USD) | (140,089) | (277,476) | (162,131) | 81,445 | 862,652 | 1,149,925 | - | - | - |
| Operating Income (USD) | (215,541) | (546,088) | (532,942) | (388,648) | 303,007 | 374,257 | - | - | - |
| Operating Margin | (96.7%) | (121.7%) | (38.6%) | (13.0%) | 3.2% | 3.7% | - | - | - |
| % EBITDA Margin | (62.8%) | (61.8%) | (11.8%) | 2.7% | 9.2% | 11.2% | - | - | - |
| NET Income (USD) | (216,606) | (546,939) | (539,322) | (410,306) | 204,267 | 239,259 | - | - | - |
| % Net Margin | (97.1%) | (121.9%) | (39.1%) | (13.7%) | 2.2% | 2.3% | - | - | - |
Rewardz Private Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A | Completed | Rewardz Private Limited | - |
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Rewardz Private Limited - employee data
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