About BIK
BIK is a company based in Palo Alto (United States) founded in 2019 by Ashutosh Singla.. BIK has raised $13.85 million across 3 funding rounds from investors including Peak XV Partners, Leonis Investment and Mantis VC. The company has 53 employees as of April 06, 2024. BIK operates in a competitive market with competitors including Klaviyo, Elastic Path Software, CommerceIQ, Bango and Yotpo, among others.
- Headquarter Palo Alto, United States
- Employees 53 as on 06 Apr, 2024
- Founders Ashutosh Singla
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Sectors
TechnologyRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Comida Technologies Private Limited
- Date of Incorporation 06 Dec, 2018
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$861.3 K (USD)243.65as on Mar 31, 2022
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Net Profit
$-2.22 M (USD)-17812.31as on Mar 31, 2022
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EBITDA
$-2.03 M (USD)-6537.77as on Mar 31, 2022
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Total Equity Funding
$13.85 M (USD)
in 3 rounds
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Latest Funding Round
$10.8 M (USD), Series A
Sep 03, 2021
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Investors
Peak XV Partners
& 5 more
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Employee Count
53
as on Apr 06, 2024
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Funding Insights of BIK
BIK has successfully raised a total of $13.85M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10.8 million completed in September 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 3
- Last Round Series A — $10.8M
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First Round
First Round
(01 Jun 2020)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Series A - BIK | Valuation | Peak XV Partners |
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| Aug, 2020 | Amount | Seed - BIK | Valuation | Mantis VC , Y Combinator | |
| Jun, 2020 | Amount | Seed - BIK | Valuation | Leonis Investment |
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| 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 BIK
BIK has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Peak XV Partners, Leonis Investment and Mantis VC. 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 startups and providing support programs.
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Founded Year | Domain | Location | |
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Early-stage venture capital fund backed by Gabriel Jarrosson
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech, healthcare, logistics, enterprise tech, AI, ed tech, and 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 BIK
| 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 - BIK
| 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 |
Bik Comparisons
Competitors of BIK
BIK 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 Klaviyo, Elastic Path Software, CommerceIQ, Bango and Yotpo, 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 |
SaaS email marketing solutions are offered to e-commerce businesses.
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| domain | founded_year | HQ Location |
API-based enterprise commerce and content management platform is delivered.
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| domain | founded_year | HQ Location |
AI platform for retail ecommerce management and optimization is provided.
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| domain | founded_year | HQ Location |
Marketing solutions for e-commerce businesses are provided by Bango.
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| domain | founded_year | HQ Location |
Cloud-based marketing platform for e-tailers
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| domain | founded_year | HQ Location |
Social advertising is managed and optimized via a SaaS 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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Frequently Asked Questions about BIK
When was BIK founded?
BIK was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is BIK located?
BIK is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is BIK a funded company?
BIK is a funded company, having raised a total of $13.85M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.05M, raised on Jun 01, 2020.
How many employees does BIK have?
As of Apr 06, 2024, the latest employee count at BIK is 53.
What is the annual revenue of BIK?
Annual revenue of BIK is $861.3K as on Mar 31, 2022.
What does BIK do?
The company was founded in 2019 in Palo Alto, United States, and operates in the AI-driven ecommerce marketing sector. ROI is optimized via personalized marketing approaches. Consumers are engaged through WhatsApp replies and purchase guidance. Carousels and limited-time offer templates are utilized for real-time customer action. Services include email, WhatsApp, and SMS marketing, along with store automation and gamification popups.
Who are the top competitors of BIK?
BIK's top competitors include Klaviyo, CommerceIQ and Yotpo.
Who are BIK's investors?
BIK has 6 investors. Key investors include Peak XV Partners, Leonis Investment, Mantis VC, Y Combinator, and Pioneer Fund.
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