Binks

Bengaluru, India Founded: 2019 • Age: 7 yrs
Ready-to-wear ethnic wear products are provided via an online platform.
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Annual revenue $1.0M Latest available
Total funding $150,000 1 rounds
Employees 47 Tracked headcount
Investors 1 Known backers
Products - Services tracked
Competitors 4 Brand Intelligence

About Binks

Binks is a company based in Bengaluru (India) founded in 2019 by Raj Vardhan and Aamna Khan. Binks has raised $150 thousand across 1 funding round from investors including Y Combinator. The company has 47 employees as of April 10, 2024. Binks operates in a competitive market with competitors including The Saffron Saga, Alermelmangai Silk House and Mohar, among others.

  • Headquarter Bengaluru, India
  • Employees 47 as on 10 Apr, 2024
  • Founders Raj Vardhan, Aamna Khan
  • Sectors
    Retail
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Light & Craft Technologies Private Limited
  • Date of Incorporation 21 Feb, 2019
  • Jurisdiction Bangalore, Karnataka, India
Operational Areas
Retail → Fashion & Retail Innovation → →
Retail → Consumer & Fashion Retail → →
Key Metrics
  • Annual Revenue
    $1.01 M (USD)
    562.54
    as on Mar 31, 2023
  • Net Profit
    -$241.43 K (USD)
    -4469.89
    as on Mar 31, 2023
  • EBITDA
    -$157.82 K (USD)
    -422.48
    as on Mar 31, 2023
  • Total Equity Funding
    $150 K (USD)

    in 1 rounds

  • Latest Funding Round
    $150 K (USD), Seed

    Aug 13, 2019

  • Investors
    Y Combinator
  • Employee Count
    47

    as on Apr 10, 2024

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Funding Insights of Binks

Binks has successfully raised a total of $150K through 1 strategic funding round. The most recent funding activity was a Seed round of $150 thousand completed in August 2019. 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 Rounds 1
  • Last Round Seed — $150,000
  • First Round

    (13 Aug 2019)

  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Aug, 2019 Amount Seed - Binks Valuation Y Combinator

Investors in Binks

Binks has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator.

All
Venture Fund
Investor Description Founded Year Domain Location
Y Combinator
Early-stage startups are accelerated via funding and educational programs.
Founded Year Domain Location

Investments & Acquisitions by Binks

Investments

Financial Statements - Binks

Binks Comparisons

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Competitors of Binks

Binks 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 The Saffron Saga, Alermelmangai Silk House and Mohar, among others.

Company Name Domain Founded year HQ Location Description
The Saffron Saga
domain founded_year HQ Location
A direct-to-consumer brand offering customized ethnic wear for women and kids.
Alermelmangai Silk House
domain founded_year HQ Location
Sells Kanjivaram silk sarees, provides custom design, and supports online shopping with delivery.
Mohar
domain founded_year HQ Location
A direct-to-consumer brand offering high-quality apparel for women.

Latest news on Binks

Binks uses technology to bring tailoring online
In • 6 years ago
YC-backed startup Binks can ship custom-made clothing to Indian women in just three days
Techcrunch • 6 years ago

Frequently Asked Questions about Binks

Binks was founded in 2019.

Binks is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Binks is a funded company, having raised a total of $150K across 1 funding round to date. The company's 1st funding round was a Seed of $150K, raised on Aug 13, 2019.

As of Apr 10, 2024, the latest employee count at Binks is 47.

Annual revenue of Binks is $1.01M as on Mar 31, 2023.

Founded in 2019 in Bengaluru, India, the company operates as an e-commerce platform in the ethnic apparel sector. A proprietary sizing chart, derived from measurements of Indian women, is utilized to achieve accurate fits. Collections featuring diverse designs, colors, and patterns are made available, serving as a centralized resource for ethnic wear procurement. Operations focus on direct-to-consumer sales through the digital domain getbinks.com.

Binks's top competitors include The Saffron Saga, Alermelmangai Silk House and Mohar.

Binks has 1 investor. Key investors include Y Combinator.

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