About Avenue Growth
Avenue Growth is a company based in Gurugram (India) founded in 2017 by Rachit Mathur.. Avenue Growth has raised $550 thousand across 5 funding rounds from investors including India Accelerator, Brand Capital GSV and Ministry of Electronics & Information Technology. Avenue Growth operates in a competitive market with competitors including PickMyWork, Toptal, FlexiBees, Workfinder and Propel, among others.
- Headquarter Gurugram, India
- Founders Rachit Mathur
- Stage Minicorn
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Sectors
Technology
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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
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Net Profit
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EBITDA
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Total Equity Funding
$550 K (USD)
in 5 rounds
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Latest Funding Round
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Investors
India Accelerator
& 36 more
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Employee Count
Employee Count
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Funding Insights of Avenue Growth
Avenue Growth has successfully raised a total of $550K across 5 strategic funding rounds. 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 5
- Last Round Last Round
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First Round
First Round
(05 Jul 2017)
- Investors Count 37
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Seed - Avenue Growth | Valuation | India Accelerator | |
| Sep, 2021 | Amount | Seed - Avenue Growth | Valuation |
investors |
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| Feb, 2019 | Amount | Seed - Avenue Growth | Valuation | Atisaya Partner , Aditya Malik |
| 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 Avenue Growth
Avenue Growth has secured backing from 37 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include India Accelerator, Brand Capital GSV and Ministry of Electronics & Information Technology. 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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Startup acceleration, funding, and mentorship services are delivered by India Accelerator.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by Iaes Ventures venture capital.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this single family office.
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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 Avenue Growth
| 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 - Avenue Growth
| 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 |
Avenue Growth Comparisons
Competitors of Avenue Growth
Avenue Growth 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 PickMyWork, Toptal, FlexiBees, Workfinder and Propel, 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 |
Gig employee hiring platform
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| domain | founded_year | HQ Location |
Talent marketplace that connects companies with freelance professionals
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| domain | founded_year | HQ Location |
Vetted marketplace for flexible work among women professionals is operated.
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| domain | founded_year | HQ Location |
Provider of recruitment solutions for multiple industries
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| domain | founded_year | HQ Location |
Cryptocurrency and metaverse infrastructure is delivered as a service.
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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 Avenue Growth
Frequently Asked Questions about Avenue Growth
When was Avenue Growth founded?
Avenue Growth was founded in 2017.
Where is Avenue Growth located?
Avenue Growth is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Avenue Growth?
Rachit Mathur is the current CEO of Avenue Growth. They have also founded this company.
Is Avenue Growth a funded company?
Avenue Growth is a funded company, having raised a total of $550K across 5 funding rounds to date. The company's 1st funding round was a Seed of $70.05K, raised on Jul 05, 2017.
What does Avenue Growth do?
Avenue Growth was founded in 2017 in Gurugram, India, as an online platform focused on the sales sector. Contract workforce recruitment is facilitated through a marketplace where sales professionals can build profiles and complete tasks for interview screening. Payroll management and hiring processes are handled digitally, connecting employers with temporary talent in the sales field.
Who are the top competitors of Avenue Growth?
Avenue Growth's top competitors include Toptal, PickMyWork and Workfinder.
Who are Avenue Growth's investors?
Avenue Growth has 37 investors. Key investors include India Accelerator, Brand Capital GSV, Ministry of Electronics & Information Technology, Iaes Ventures, and Growth Opportunities Fund.
What is Avenue Growth's valuation?
The valuation of Avenue Growth is $2.59M as of Feb 2019.