Cloudworx Founder
Yuvraj Tomar 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. He then worked at Cisco for 1.5 years and after that in 2019 he started Cloudworx.
| Company name | Cloudworx |
| Founders | Yuvraj Tomar |
| Ask | ₹ lakhs for % equity |
Cloudworx Founder
Yuvraj Tomar 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. He then worked at Cisco for 1.5 years and after that in 2019 he started Cloudworx.
About the company Cloudworx
NFT, Virtual reality, and metaverse are all becoming very popular nowadays. Not only shopping, meetings, weddings, and partying but one can run the business through a metaverse. Cloudworx is a no-code SaaS enterprise metaverse platform that helps you to make 3D models without using any codes. It is very easy to manage large-scale businesses with the help of this Cloudworx platform. The Finnish government, European government, and above all Indian government are the clients of their company. To make metaverse more easy and simple for common people his ask is 40 lakhs rupees for 2% equity at a valuation of 20 crore rupees. The software can be used to track energy constraints, presence constraints, and many more. The hardware which is needed to implement this software costs around 850 to 1600 rupees. The cost of the software per month will be around 4.14 lakhs to 8.28 lakhs rupees depending on the factory or business sizes. Steps to use Cloudworx are:
Add data elements.
- Create 2D and 3D look and feel models.
- Build app workflows.
- Design and link all the pages.
- Publish and multiple platforms.
This application can be run on any web browser. We don’t need an .exe file to run this application. Their USP no-code with 3D IoT model. Their innovation is US patent granted.
Ask by the Owner Cloudworx
Pitcher asked 40 lakhs rupees for 2% equity in the company.
Cloudworx Sales And Revenue
Lifetime sales is 1.45 cr. rupees. Last month the sales were 14 lakhs rupees. Their month-on-month sales increased by 25%.The sales cycle is about 2 months. They are at the break-even point. They raised one round of funding in May 2020 which was 71 lakhs rupees at a valuation of 8 crore rupees.
Offers and counter offers
Namita and Anupam together offer 40 lakhs for 5% equity with two conditions:
- Namita’s technical team will undergo due intelligence.
- Investigation about the use case.
The pitcher counter offers 40 lakhs for 3.2% percent.
Cloudworx Final deal
The deal was finalized with Namita and Anupam for 40 lakhs rupees in exchange for 3% equity in the company at a valuation of 12.58 crore rupees.