About 2WheelR
2WheelR is a company based in Pune (India) founded in 2019 by Khyati Khandelwal, Disha Krishi Khandelwal, and Krishi Khandelwal. 2WheelR has raised $110.38 thousand across 1 funding round from investors including Vijay Kumar Balraj, Ravi Subodh Mahaseth and Harish Kumar Arora. 2WheelR operates in a competitive market with competitors including Droom, CredR, BeepKart, DriveX and SAMIL, among others.
- Headquarter Pune, India
- Founders Khyati Khandelwal, Disha Krishi Khandelwal, Krishi Khandelwal
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Rideonrent Technologies Private Limited
- Date of Incorporation 15 Oct, 2015
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$1 M (USD)88.03as on Mar 31, 2023
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Net Profit
-$51.16 K (USD)-3242.66as on Mar 31, 2023
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EBITDA
-$70.69 K (USD)-548.16as on Mar 31, 2023
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Total Equity Funding
$110.38 K (USD)
in 1 rounds
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Latest Funding Round
$110.38 K (USD), Angel Round
Jul 13, 2022
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Investors
& 19 more
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Employee Count
Employee Count
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Funding Insights of 2WheelR
2WheelR has successfully raised a total of $110.38K through 1 strategic funding round. The most recent funding activity was a Angel Round of $110.38 thousand completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Angel Round — $110,382
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First Round
First Round
(13 Jul 2022)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Angel Round - 2WheelR | Valuation | Vijay Kumar Balraj |
Investors in 2WheelR
2WheelR has secured backing from 20 investors, including angel investors. Prominent investors backing the company include Vijay Kumar Balraj, Ravi Subodh Mahaseth and Harish Kumar Arora.
| Investor | Description | Founded Year | Domain | Location |
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VK
Vijay Kumar Balraj |
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Founded Year | Domain | Location |
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RS
Ravi Subodh Mahaseth |
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Founded Year | Domain | Location |
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HK
Harish Kumar Arora |
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Founded Year | Domain | Location |
Investments & Acquisitions by 2WheelR
Financial Statements - 2WheelR
2Wheelr Comparisons
Competitors of 2WheelR
2WheelR operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Droom, CredR, BeepKart, DriveX and SAMIL, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
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| domain | founded_year | HQ Location |
Second-hand bikes are bought and sold via an online marketplace.
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| domain | founded_year | HQ Location |
Used two-wheelers are sold via an online digital platform.
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| domain | founded_year | HQ Location |
Vehicle subscriptions are managed via an online booking platform.
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| domain | founded_year | HQ Location |
App-based bidding for used vehicles and equipment is enabled.
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| domain | founded_year | HQ Location |
Pre-owned two-wheelers are traded through a digital marketplace platform.
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Latest news on 2Wheelr
Frequently Asked Questions about 2WheelR
2WheelR was founded in 2019 and raised its 1st funding round 3 years after it was founded.
2WheelR is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Krishi Khandelwal is the current CEO of 2WheelR. They have also founded this company.
2WheelR is a funded company, having raised a total of $110.38K across 1 funding round to date. The company's 1st funding round was a Angel Round of $110.38K, raised on Jul 13, 2022.
Annual revenue of 2WheelR is $1M as on Mar 31, 2023.
Founded in 2019 and based in Pune, India, an online marketplace for second-hand vehicles is operated by 2WheelR. The platform facilitates transactions in the automotive sector, connecting buyers and sellers of used two-wheelers. Core activities include listing, browsing, and purchasing services, with operations focused on the Indian market. Leadership is provided by co-founders including Krishi Khandelwal as CEO.
2WheelR has 20 investors. Key investors include Vijay Kumar Balraj, Ravi Subodh Mahaseth, Harish Kumar Arora, Tanu Garg, and Abhijit Saxena.
The valuation of 2WheelR is $2.28M as of Jul 2022.