About 91Springboard
91Springboard is a company based in Mumbai (India) founded in 2012 by Deepak Sharma, Pranay Gupta, Anand Vemuri, and Varun Chawla.. 91Springboard has raised $29.2 million across 8 funding rounds from investors including European Union, FreakOut and Phoenix International. The company has 158 employees as of November 30, 2024. 91Springboard operates in a competitive market with competitors including WeWork, myHQ, BHIVE Workspace, IndiQube and DevX, among others.
- Headquarter Mumbai, India
- Employees 158 as on 30 Nov, 2024
- Founders Deepak Sharma, Pranay Gupta, Anand Vemuri, Varun Chawla
- Stage Minicorn
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$26.66 M (USD)26as on Mar 31, 2024
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Net Profit
$2.98 M (USD)222as on Mar 31, 2024
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EBITDA
$14.52 M (USD)53as on Mar 31, 2024
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Total Equity Funding
$29.2 M (USD)
in 8 rounds
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Latest Funding Round
$2.71 M (USD), Series B
Oct 27, 2021
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Investors
European Union
& 41 more
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Employee Count
158
as on Nov 30, 2024
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Funding Insights of 91Springboard
91Springboard has successfully raised a total of $29.2M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $2.71 million completed in October 2021. 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 8
- Last Round Series B — $2.7M
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First Round
First Round
(11 Aug 2016)
- Investors Count 42
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series B - 91Springboard | Valuation | Silo Holding | |
| Jan, 2021 | Amount | Grant - 91Springboard | Valuation |
investors |
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| Jun, 2020 | Amount | Series B - 91Springboard | Valuation | Shinsei Bank |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 91Springboard
91Springboard has secured backing from 42 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include European Union, FreakOut and Phoenix International. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in multiple sectors are managed via venture capital.
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Founded Year | Domain | Location | |
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VC firm investing in consumer tech & fintech based startups
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Founded Year | Domain | Location | |
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Venture capital is invested by Silo Holding across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 91Springboard
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 91Springboard
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
91Springboard Comparisons
Competitors of 91Springboard
91Springboard 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 WeWork, myHQ, BHIVE Workspace, IndiQube and DevX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Flexible office and coworking spaces are provided by WeWork globally.
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| domain | founded_year | HQ Location |
Shared office memberships are booked through an online marketplace.
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| domain | founded_year | HQ Location |
Flexible workspace solutions, including coworking and managed offices, are offered.
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| domain | founded_year | HQ Location |
Flexible workspace solutions are provided for enterprises, startups, and SMBs.
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| domain | founded_year | HQ Location |
Managed office spaces and coworking environments are provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on 91Springboard
Frequently Asked Questions about 91Springboard
When was 91Springboard founded?
91Springboard was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is 91Springboard located?
91Springboard is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of 91Springboard?
Anshu Sarin is the current CEO of 91Springboard.
Is 91Springboard a funded company?
91Springboard is a funded company, having raised a total of $29.2M across 8 funding rounds to date. The company's 1st funding round was a Series B of $5.94M, raised on Aug 11, 2016.
How many employees does 91Springboard have?
As of Nov 30, 2024, the latest employee count at 91Springboard is 158.
What is the annual revenue of 91Springboard?
Annual revenue of 91Springboard is $26.66M as on Mar 31, 2024.
What does 91Springboard do?
Founded in 2012 in Mumbai, India, the company operates within the coworking and office space sector. Customizable workspaces are provided for teams of varying sizes, including managed offices, enterprise coworking options, day passes, and virtual office services. Facility management, community benefits, and customer support are also handled across operations in India.
Who are the top competitors of 91Springboard?
Who are 91Springboard's investors?
91Springboard has 42 investors. Key investors include European Union, FreakOut, Phoenix International, NITI Aayog, and Shinsei Bank.
What is 91Springboard's valuation?
The valuation of 91Springboard is $17.85M as of Oct 2021.
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