About BeepKart
BeepKart is a company based in Bengaluru (India) founded in 2020 by Hemir Doshi and Abhishek Saraf.. BeepKart has raised $18.76 million across 4 funding rounds from investors including LetsVenture, Temasek and Stellaris Venture Partners. The company has 174 employees as of April 06, 2024. BeepKart offers products and services including Buy Used Bike, Sell Your Bike, Bike Service, Bike Finance, and Bike Price Calculator. BeepKart operates in a competitive market with competitors including Droom, CredR, DriveX, SAMIL and Vutto, among others.
- Headquarter Bengaluru, India
- Employees 174 as on 06 Apr, 2024
- Founders Hemir Doshi, Abhishek Saraf
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Beep Innovations Private Limited
- Date of Incorporation 03 Jul, 2020
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$2.63 M (USD)0as on Mar 31, 2023
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Net Profit
$-3.35 M (USD)0as on Mar 31, 2023
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EBITDA
$-2.98 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$18.76 M (USD)
in 4 rounds
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Latest Funding Round
$6.48 M (USD), Series A
Mar 30, 2024
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Investors
LetsVenture
& 25 more
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Employee Count
174
as on Apr 06, 2024
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Products & Services of BeepKart
BeepKart offers a comprehensive portfolio of products and services, including Buy Used Bike, Sell Your Bike, Bike Service, Bike Finance, and Bike Price Calculator. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for purchasing refurbished used bikes with warranty
Service for selling bikes with home inspection and quick payment
Affordable servicing for used bikes at unbeatable prices
Loans for buying used bikes with easy EMI options
Tool to estimate fair market value of used bikes
Unlock access to complete
Funding Insights of BeepKart
BeepKart has successfully raised a total of $18.76M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $6.48 million completed in March 2024. 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 4
- Last Round Series A — $6.5M
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First Round
First Round
(09 Sep 2021)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - BeepKart | Valuation | Stellaris Venture Partners , Chiratae Ventures | |
| Oct, 2022 | Amount | Series A - BeepKart | Valuation | Vertex Ventures , Temasek | |
| Feb, 2022 | Amount | Debt – Venture - BeepKart | Valuation |
investors |
| 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 BeepKart
BeepKart has secured backing from 26 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include LetsVenture, Temasek and Stellaris Venture Partners. 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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Venture capital firm investing in early-stage startups across fintech, software, and other sectors.
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Founded Year | Domain | Location | |
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Venture capital fund focused on seed-stage startups
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Founded Year | Domain | Location | |
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Venture capital fund focused on 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 BeepKart
| 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 - BeepKart
| 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 |
Beepkart Comparisons
Competitors of BeepKart
BeepKart 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, DriveX, SAMIL and Vutto, 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 |
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 |
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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| 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 Beepkart
Frequently Asked Questions about BeepKart
When was BeepKart founded?
BeepKart was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is BeepKart located?
BeepKart is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of BeepKart?
Hemir Doshi is the current CEO of BeepKart. They have also founded this company.
Is BeepKart a funded company?
BeepKart is a funded company, having raised a total of $18.76M across 4 funding rounds to date. The company's 1st funding round was a Debt – Venture of $994.49K, raised on Sep 09, 2021.
How many employees does BeepKart have?
As of Apr 06, 2024, the latest employee count at BeepKart is 174.
What is the annual revenue of BeepKart?
Annual revenue of BeepKart is $2.63M as on Mar 31, 2023.
What does BeepKart do?
BeepKart was founded in 2020 in Bengaluru, India, as an online platform in the used two-wheeler sector. A digital-first model is utilized to connect buyers with inspected bikes, allowing access to detailed descriptions, features, and test drive bookings. Operations emphasize streamlined purchases without haggling, covering the full process from selection to ownership in the Indian market for pre-owned vehicles.
Who are the top competitors of BeepKart?
What products or services does BeepKart offer?
BeepKart offers Buy Used Bike, Sell Your Bike, Bike Service, Bike Finance, and Bike Price Calculator.
Who are BeepKart's investors?
BeepKart has 26 investors. Key investors include LetsVenture, Temasek, Stellaris Venture Partners, Vertex Ventures SG, and InnoVen Capital.
What is BeepKart's valuation?
The valuation of BeepKart is $43.63M as of Mar 2024.
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