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Cloudworx is a startup founded by Yuvraj Tomar in 2019. Tomar holds an engineering degree in IT from PEC University of Technology, Punjab, and had previously worked at Google and Cisco before starting Cloudworx.
Cloudworx is a no-code SaaS enterprise metaverse platform that allows users to create 3D models without any coding skills. The platform is designed to help manage large-scale businesses and is used by clients such as the Finnish government, European government, and Indian government.
The aim of Cloudworx, a startup founded by Yuvraj Tomar, is to provide a no-code SaaS enterprise metaverse platform that simplifies the process of creating 3D models for businesses and factories. The platform aims to help users manage large-scale businesses using metaverse technology, which is becoming increasingly popular for a range of purposes including shopping, meetings, weddings, and parties.
One of the key objectives of Cloudworx is to enable businesses to track important data elements, such as energy constraints and presence constraints, and manage their operations more efficiently. The platform is designed to be user-friendly, allowing users to create 3D IoT models without requiring coding skills. This no-code approach makes it easier for businesses to adopt metaverse technology and benefit from its advantages.
Cloudworx's platform is used by clients such as the Finnish government, European government, and Indian government, highlighting the potential benefits of the platform for a wide range of industries and applications. By providing a simple, affordable, and innovative solution for businesses to create and manage 3D models, Cloudworx aims to become a leader in the rapidly growing metaverse industry.
Cloudworx is a SaaS enterprise metaverse platform that offers a no-code approach to creating 3D models for businesses and factories. The startup's business model is based on a subscription-based pricing model that varies based on the size of the business or factory. The cost of the software ranges from 4.14 lakhs to 8.28 lakhs per month, and the hardware required to implement the software costs between 850 and 1600 rupees.
Cloudworx's target market is large-scale businesses and factories that are looking to adopt metaverse technology to manage their operations more efficiently. The platform's key features, such as its no-code approach and ability to track important data elements, are designed to appeal to businesses in a wide range of industries. Some of the industries that could benefit from using Cloudworx include manufacturing, logistics, retail, and hospitality.
The platform is also designed to be user-friendly, making it accessible to businesses of all sizes and skill levels. This makes it easier for businesses to adopt metaverse technology without requiring extensive training or hiring additional staff.
In addition to large-scale businesses, Cloudworx has also secured government clients such as the Finnish government, European government, and Indian government. This suggests that the platform may have potential applications in government and public sector organizations as well.
The lifetime sales of Cloudworx is 1.45 crore rupees, which indicates that the company has been successful in acquiring customers and generating revenue. In the most recent month, the company generated sales of 14 lakhs rupees, which is a significant increase from previous months. This indicates that the company is growing and expanding its customer base.
The month-on-month sales growth of 25% is also impressive, as it indicates that the company is experiencing rapid growth. This could be due to the increasing demand for cloud-based solutions among businesses.
The sales cycle of Cloudworx is about 2 months, which suggests that the company is working with customers on long-term projects. This is common for B2B businesses, where sales cycles tend to be longer than B2C businesses.
Despite the strong sales growth, it is noteworthy that the company is at the break-even point. This indicates that the company is able to cover its expenses with its current revenue. This is a positive sign for the financial health of the company, as it suggests that it is operating efficiently.
In May 2020, Cloudworx raised one round of funding for 71 lakhs rupees at a valuation of 8 crore rupees. This indicates that investors have confidence in the company's growth potential and business model.
The founder of Cloudworx pitched their business on the show and asked for 40 lakhs rupees for 2% equity in the company. This means that the company was valued at 20 crores rupees at that time. This valuation was based on the company's current sales, revenue, and growth potential.
Namita and Anupam, two of the Sharks on the show, offered 40 lakhs rupees for 5% equity in the company, but with two conditions. The first condition was that Namita's technical team would undergo due intelligence to ensure that the company's technology is sound. The second condition was an investigation into the use case of the company's services. This offer was made to protect their investment and ensure that the company has a solid foundation.
The pitcher counter-offered with 40 lakhs rupees for 3.2% equity, which was a compromise between the initial offer and the conditions placed by Namita and Anupam.
After some negotiation, a final deal was struck with Namita and Anupam for 40 lakhs rupees in exchange for 3% equity in the company at a valuation of 12.58 crore rupees. This is a fair deal for both parties, as the Sharks were able to invest in a promising company with strong growth potential, while the Cloudworx founder was able to secure the necessary funding to grow their business.
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