About Borzo
Borzo is a company based in Mumbai (India) founded in 2016 by Mike Alexandrovski.. Borzo has raised $55.05 million across 5 funding rounds from investors including Mubadala, FJ Labs and VNV Global. The company has 146 employees as of March 25, 2025. Borzo has completed 1 acquisition, including Now Bike. Borzo offers products and services including Intra-City Delivery Service. Borzo operates in a competitive market with competitors including FastBeetle, BookMyPacket, Hipship, Sendd and Coreyo, among others.
- Headquarter Mumbai, India
- Employees 146 as on 25 Mar, 2025
- Founders Mike Alexandrovski
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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 Wefast India Private Limited
- Date of Incorporation 04 Aug, 2016
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$4.58 M (USD)28.02as on Mar 31, 2023
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Net Profit
$-9.91 K (USD)99.23as on Mar 31, 2023
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EBITDA
$-85.95 K (USD)93.41as on Mar 31, 2023
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Total Equity Funding
$55.05 M (USD)
in 5 rounds
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Latest Funding Round
$35 M (USD), Series C
Aug 30, 2021
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Investors
Mubadala
& 5 more
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Employee Count
146
as on Mar 25, 2025
- Investments & Acquisitions
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Products & Services of Borzo
Borzo offers a comprehensive portfolio of products and services, including Intra-City Delivery Service. 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.
Enables quick ordering and fast delivery for businesses and individuals.
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Funding Insights of Borzo
Borzo has successfully raised a total of $55.05M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $35 million completed in August 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 5
- Last Round Series C — $35.0M
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First Round
First Round
(24 Oct 2016)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series C - Borzo | Valuation | Mubadala | |
| Aug, 2019 | Amount | Series B - Borzo | Valuation | VNV Global | |
| Sep, 2018 | Amount | Series A - Borzo | 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 Borzo
Borzo has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Mubadala, FJ Labs and VNV Global. 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 tech startups are managed by VNV Global.
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Founded Year | Domain | Location | |
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Flashpoint is recognized as a technology investment firm.
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Founded Year | Domain | Location | |
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Sovereign wealth fund backed by Russian goverment and private equity firm focused on growth equities
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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 Borzo
Borzo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Now Bike. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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On-demand delivery services are provided for businesses in Delhi-NCR.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Borzo
| 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 |
Borzo Comparisons
Competitors of Borzo
Borzo 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 FastBeetle, BookMyPacket, Hipship, Sendd and Coreyo, 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 |
Door-to-door parcel and courier delivery services are provided.
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| domain | founded_year | HQ Location |
Online booking platform for parcel and cargo delivery services
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| domain | founded_year | HQ Location |
Multi-carrier delivery orchestration platform is provided for logistics integration.
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| domain | founded_year | HQ Location |
International goods shipping is enabled via a mobile-first marketplace.
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| domain | founded_year | HQ Location |
Courier services are facilitated via an app-based marketplace platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Borzo
Frequently Asked Questions about Borzo
When was Borzo founded?
Borzo was founded in 2016.
Where is Borzo located?
Borzo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Borzo?
Mike Alexandrovski is the current CEO of Borzo. They have also founded this company.
Is Borzo a funded company?
Borzo is a funded company, having raised a total of $55.05M across 5 funding rounds to date. The company's 1st funding round was a Series A of $2M, raised on Oct 24, 2016.
How many employees does Borzo have?
As of Mar 25, 2025, the latest employee count at Borzo is 146.
What is the annual revenue of Borzo?
Annual revenue of Borzo is $4.58M as on Mar 31, 2023.
What does Borzo do?
The company was founded in 2016 in Mumbai, India, and operates in the logistics sector as an online marketplace for courier bookings. Intra-city delivery services are provided to businesses and individuals, including real-time tracking and multi-point options. Normal and scheduled deliveries are handled for documents, flowers, products, and other items. The platform is accessible through Android and iOS applications.
Who are the top competitors of Borzo?
Borzo's top competitors include FastBeetle, Coreyo and Hipship.
What products or services does Borzo offer?
Borzo offers Intra-City Delivery Service.
How many acquisitions has Borzo made?
Borzo has made 1 acquisition, including Now Bike.
Who are Borzo's investors?
Borzo has 6 investors. Key investors include Mubadala, FJ Labs, VNV Global, Flashpoint, and Russian Direct Investment Fund.