Company Intelligence Profile
White Wizard Technologies Private Limited
Legal entity of "Velocity" — a Bengaluru-headquartered revenue-based financing (RBF) and eCommerce growth platform for India's D2C/online-first brands, offering non-dilutive capital plus shipping, payments and analytics tools.
CIN: U72900HR2019PTC078467ActiveConflicting: Tofler and Falconebiz state "RoC-Haryana"; TheCompanyCheck states "RoC-Delhi." CIN state code (HR) and registered address (Gurgaon, Haryana) both point to Haryana, so RoC-Haryana is treated as more likely correct; flagged as a source conflict.Confidence: high
AI OverviewGenerated from public records
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Partial / conflicting| Registered name | White Wizard Technologies Private Limited |
|---|---|
| CIN | U72900HR2019PTC078467 |
| PAN | AACCW3721H (Source: Tofler — single-source, not cross-confirmed by a second registry; treat as partial) |
| Status | Active |
| Listing | Unlisted / privately held (not obtained evidence of any listing) |
| Incorporated | 12 February 2019 (Source: Tofler, Falconebiz, TheCompanyCheck — all agree) |
| ROC | Conflicting: Tofler and Falconebiz state "RoC-Haryana"; TheCompanyCheck states "RoC-Delhi." CIN state code (HR) and registered address (Gurgaon, Haryana) both point to Haryana, so RoC-Haryana is treated as more likely correct; flagged as a source conflict. |
| Sector (NIC) | NIC: "Other computer related activities (e.g. maintenance of websites, multimedia presentations for other firms)" per Tofler/Falconebiz; TheCompanyCheck separately tags sector as "Internet / Online Financial Services — Professional, scientific and technical activities." Actual business (per company's own site and press) is revenue-based financing/fintech — the RoC-filed NIC code is boilerplate IT-services and does not reflect the real business. |
| Registered address | 90B Delhi-Jaipur Expressway, Sector-18, Gurgaon, Haryana 122001, India (Source: Tofler, Falconebiz, TheCompanyCheck — all agree) |
| Authorized capital | ₹21,00,000 (₹21 lakh) (Source: Tofler, Falconebiz, TheCompanyCheck — all agree) |
| Paid-up capital | ₹20,42,120 (₹20.42 lakh) (Source: Tofler, Falconebiz, TheCompanyCheck — all agree) |
Business Overview
Confirmed- White Wizard Technologies Pvt Ltd is the registered legal entity operating under the brand "Velocity" (velocity.in), founded in 2020 by Abhiroop Sharad Medhekar and Atul Khichariya
- Velocity is an eCommerce growth platform for India's fast-growing D2C/online brands, providing revenue-based financing (via lending partners, against a fixed fee of ~5-10% rather than equity/collateral, ticket sizes roughly ₹5 lakh-₹4 crore), plus shipping, payments, AI-powered analytics ("Vani AI") and business-insights tools
- Team size reported as ~99-151 employees (2024-25, varying by source)
- Auditor: ASKM & Associates (FY23, per TheCompanyCheck)
- Note: company email on record is accounts@velocity.in, and Tracxn separately lists "Bimo" (a small-business accounting tool, founded 2019, status "deadpooled") as an associated/related brand under the same Tracxn legal-entity grouping — could not independently confirm the Bimo linkage from a second source, so treat as partial
Directors
ConfirmedConfirmed (Falconebiz + Tofler agree on names/DINs):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Abhiroop Sharad Medhekar | 07120504 | appointed 12 Feb 2019 | 12 Feb 2019 |
| Atul Khichariya | 08701624 | appointed 17 Feb 2020 | 17 Feb 2020 |
| Saurav Swaroop | 08959533 | appointed 12 Nov 2020 | 12 Nov 2020 |
GST
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 29AACCW3721H1ZA | Karnataka | AACCW3721H (Source: Tofler — single-source, not cross-confirmed by a second registry; treat as partial) | Active |
Primary GSTIN found: 29AACCW3721H1ZA — state code 29 = Karnataka, Bengaluru Urban; registered 06 Mar 2020; constitution "Private Limited Company"; status ACTIVE; type Regular (Source: piceapp.com aggregator, single source — not independently cross-confirmed on a second dedicated GST lookup site, so rate as partial). PAN embedded in GSTIN (AACCW3721H) matches the PAN reported by Tofler, which is a good consistency signal. Note this is a Karnataka GSTIN despite the Haryana registered office — consistent with Velocity's actual operating base being Bengaluru. Total count of GSTIN registrations across states not obtained.
Financials
Partial / conflicting- FY2024-25 (per TheCompanyCheck, standalone, single-source — rate as partial/unconfirmed): Revenue ₹34.53 Cr (▲55% YoY)
- EBITDA, PAT, net worth, and borrowings were paywalled/"not obtained." Latest balance sheet date reported as 31 March 2025 (Falconebiz) / 31 March 2024 (TheCompanyCheck) — a source conflict on the latest filed year
- No standalone-vs-consolidated distinction was disclosed by either source
Funding
Partial / conflicting- Velocity (the brand) has raised a total of approximately $30-30.3M in equity funding over 2-3 rounds (Crunchbase/Tracxn/press, multiple sources agree): a ~$10M seed round (2021) and a $20M Series A round led by Peter Thiel's Valar Ventures (announced Nov 2021), with participation from Presight Capital, FJ Labs, DST Global, iSeed Ventures and others (~26 investors cited by Crunchbase across all rounds)
- Note: this funding is publicly associated with the "Velocity" brand/group rather than confirmed on White Wizard Technologies Pvt Ltd's own MCA filings — treat as brand-level, partial confirmation for the legal entity specifically
- A Tracxn note referencing "$10M pre-seed funding (May 2025)" could not be corroborated by any other source and looks like a data-quality artifact (entity-confusion risk) — excluded from the confirmed figures above
Charges
Confirmed- No open charges registered as of the last-checked date (Falconebiz/Tofler)
- This reflects "no currently open" charges, not necessarily "never had any" — historical/satisfied charges not obtained
Legal
Partial / conflicting- Two IndiaKanoon/eCourts records surfaced (Source: IndianKanoon, eCourtsIndia): (1) White Wizard Technologies Pvt Ltd acting as an authorized recovery agent for "Trillionloans Fintech Private Limited" in a cheque-dishonour recovery complaint (₹75,00,000 financial assistance) — company appears as complainant's representative, not necessarily as a defendant
- (2) A separate criminal complaint case naming "White Wizard Technologies Pvt Ltd" before the Chief Metropolitan Magistrate, South-West Delhi, filed 4 Jun 2025, status pending as of 14 Feb 2026 — case subject matter not detailed in the available listing
- No adverse judgments found
Competitors
Confirmed- India's revenue-based-financing/D2C-growth-capital space: GetVantage (Mumbai, ~$41.5M raised), Klub (Singapore-HQ/India-ops, growth financing ₹5L-₹30Cr), N+1 Capital, Recur Club, and BHIVE Investech — all cited alongside Velocity as RBF peers by YourStory/CBInsights coverage
- Velocity is roughly similar-to-larger scale vs. Klub/N+1, and smaller in total funding than GetVantage
Frequently Asked Questions
What does White Wizard Technologies Private Limited do?
Legal entity of "Velocity" — a Bengaluru-headquartered revenue-based financing (RBF) and eCommerce growth platform for India's D2C/online-first brands, offering non-dilutive capital plus shipping, payments and analytics tools.
What is the CIN of White Wizard Technologies Private Limited?
The Corporate Identification Number (CIN) of White Wizard Technologies Private Limited is U72900HR2019PTC078467.
Where is White Wizard Technologies Private Limited registered?
White Wizard Technologies Private Limited is registered with Conflicting: Tofler and Falconebiz state "RoC-Haryana"; TheCompanyCheck states "RoC-Delhi." CIN state code (HR) and registered address (Gurgaon, Haryana) both point to Haryana, so RoC-Haryana is trea…. Registered address: 90B Delhi-Jaipur Expressway, Sector-18, Gurgaon, Haryana 122001, India (Source: Tofler, Falconebiz, TheCompanyCheck — all agree)
When was White Wizard Technologies Private Limited incorporated?
White Wizard Technologies Private Limited was incorporated on 12 February 2019 (Source: Tofler, Falconebiz, TheCompanyCheck — all agree).
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