W-Locate bags SME ONE-ASIA Award

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SME ONE-ASIA award recognizes small and medium sized enterprises(SMEs) in Asia who are socially responsible. This award shows the vision/ mission of W-Locate.

W-Locate a Singapore based Location Based Service (LBS) company was started in 2011. Apart from Singapore, they have moved to Thailand. Next they are targeting Malaysia and Philippines.

W-Locate was established by a group of LBS professionals with accumulated years of experience in Telematics and Location Intelligence.Originating from providing services at National level, they have expanded to offer commercially viable solutions to various industries. The company has already built, launched, and signed deals with major telecom operators and multi-national companies. At the same time, they have also partner a few global SIM Card manufacturers to become one of the leading LBS provider in the world.

W-Locate’s core business is to develop efficient & practical business solutions By exploiting the integration of M2M, Big Data, Cloud Computing and Location Intelligence.

With their years of experience gained from working with Global MNCs and Government Agencies, they develop implementation strategy around each customer’s business objectives.

Having formulated their own engine for Location Intelligence and M2M, they provide practical & cost effective business solutions to help position their clients as market leaders in their own industry. Their principal consideration is based on maximum efficiency with increased productivity.

W-Locate recently raised S$2 Mn funding from a top ASEAN investment firm, RHB OSK ASSET MANAGEMENT PTE LTD (“RHB OSK”). W-Locate is excited about the funding and believes that it will help them accelerate their growth and secure more similar strategic partners regionally in countries such as Malaysia, Indonesia, Philippines and China.
Earlier, this year W-Locate bagged an investment of S$589,000, which was jointly funded by TNF Ventures (“TNF”) and National Research Foundation (“NRF”)

Techaloo got an opportunity to have a chit-chat with the Stevie, CEO of W-Locate.

Techaloo : What was your vision/mission while starting W-Locate?
W-Locate : Provide an Independent & Affordable LBS Eco-System

Techaloo : What hurdles did you face while starting?
W-Locate : Financial consideration and talent

Techaloo : What is the current employee strength?
W-Locate : 18

Techaloo : Tell us something about founders.
W-Locate : 2 individuals who feel that we can do better in LBS.

Techaloo : What are your plans for next 3 years?
W-Locate : Expansion & building value to the company

Techaloo : What will be your advice for budding entrepreneurs?
W-Locate : You will need PHD. Passion, Hunger & Drive

Techaloo : What do you think about techaloo.com?
A good platform to share experiences.

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Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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