About Bro4u
Bro4u is a company based in Bengaluru (India) founded in 2014 by Goutham Gowda, Rajath Gowda, and Pramod Hegde.. Bro4u has raised $721.52 thousand across 3 funding rounds from investors including Canopus Ventures, Alok Sargod and Gowtham Nataraj. The company has 10 employees as of April 07, 2024. Bro4u operates in a competitive market with competitors including Urban Company, OneDios, Dingg, Lookup and LocalOye, among others.
- Headquarter Bengaluru, India
- Employees 10 as on 07 Apr, 2024
- Founders Goutham Gowda, Rajath Gowda, Pramod Hegde
- Stage Minicorn
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bro4u Online Services Private Limited
- Date of Incorporation 06 Jan, 2015
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$1.34 M (USD)520.63as on Mar 31, 2022
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Net Profit
$-17.21 K (USD)51.13as on Mar 31, 2022
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EBITDA
$-7.63 K (USD)64.63as on Mar 31, 2022
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Total Equity Funding
$721.52 K (USD)
in 3 rounds
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Latest Funding Round
$89.71 K (USD), Seed
Jan 20, 2020
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Investors
Canopus Ventures
& 5 more
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Employee Count
10
as on Apr 07, 2024
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Funding Insights of Bro4u
Bro4u has successfully raised a total of $721.52K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $89.71 thousand completed in January 2020. 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 Seed — $89,712
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First Round
First Round
(31 Mar 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Seed - Bro4u | Valuation | Canopus Ventures |
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| Nov, 2019 | Amount | Seed - Bro4u | Valuation | Sargod Ventures |
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| Mar, 2015 | Amount | Angel Round - Bro4u | Valuation | Alok Sargod |
| 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 Bro4u
Bro4u has secured backing from 6 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Canopus Ventures, Alok Sargod and Gowtham Nataraj. 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 focused on multiple sectors
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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AS
Alok Sargod |
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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 Bro4u
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Bro4u
| 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 |
Bro4u Comparisons
Competitors of Bro4u
Bro4u 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 Urban Company, OneDios, Dingg, Lookup and LocalOye, 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 |
Customers are connected with vetted professionals for on-demand home services.
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| domain | founded_year | HQ Location |
Local services are facilitated through an online marketplace platform.
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| domain | founded_year | HQ Location |
All-in-one salon and spa management software is provided.
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| domain | founded_year | HQ Location |
Online marketplace for multiple local services
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for multiple local services.
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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 Bro4u
When was Bro4u founded?
Bro4u was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Bro4u located?
Bro4u is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Bro4u?
Pramod Hegde is the current CEO of Bro4u. They have also founded this company.
Is Bro4u a funded company?
Bro4u is a funded company, having raised a total of $721.52K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $143.59K, raised on Mar 31, 2015.
How many employees does Bro4u have?
As of Apr 07, 2024, the latest employee count at Bro4u is 10.
What is the annual revenue of Bro4u?
Annual revenue of Bro4u is $1.34M as on Mar 31, 2022.
What does Bro4u do?
Bro4u was established in 2014 in Bengaluru, India, as an online marketplace in the local services sector. Services including mobile car wash, laundry, plumbing, and electrical repairs are facilitated for users. Bookings are processed through iOS and Android apps or WhatsApp, with commissions deducted from vendor transactions. Operations focus on connecting customers with nearby providers in the region.
Who are the top competitors of Bro4u?
Bro4u's top competitors include Urban Company, OneDios and LocalOye.
Who are Bro4u's investors?
Bro4u has 6 investors. Key investors include Canopus Ventures, Alok Sargod, Gowtham Nataraj, Jillian Khan, and Chavan Kumar.
What is Bro4u's valuation?
The valuation of Bro4u is $14.18M as of Jan 2020.