About Coreyo
Coreyo is a company based in Bengaluru (India) founded in 2020 by Vince Madnkkakuzhy Jose.. Coreyo has raised $665.72 thousand across 2 funding rounds from investors including Swift Infracon, Siddharth Hans and Shashank Krishna. Coreyo offers products and services including Coreyo Platform, Hyperlocal Service, Domestic Service, and Global Service. Coreyo operates in a competitive market with competitors including Borzo, FastBeetle, BookMyPacket, Hipship and Sendd, among others.
- Headquarter Bengaluru, India
- Founders Vince Madnkkakuzhy Jose
- 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 3 Elements Courier Aggregator Private Limited
- Date of Incorporation 30 Jan, 2020
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$269.86 (USD)1115250as on Mar 31, 2022
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Net Profit
$-136 K (USD)-3363.58as on Mar 31, 2022
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EBITDA
$-116.78 K (USD)-4122.51as on Mar 31, 2022
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Total Equity Funding
$665.72 K (USD)
in 2 rounds
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Latest Funding Round
$331.37 K (USD), Seed
Dec 20, 2022
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Investors
Swift Infracon
& 7 more
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Employee Count
Employee Count
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Products & Services of Coreyo
Coreyo offers a comprehensive portfolio of products and services, including Coreyo Platform, Hyperlocal Service, Domestic Service, and Global 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.
Platform for comparing and booking shipping services
Service for quick local parcel delivery options
Service for nationwide parcel shipping and tracking
Service for shipping to over 35 countries worldwide
Funding Insights of Coreyo
Coreyo has successfully raised a total of $665.72K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $331.37 thousand completed in December 2022. 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 2
- Last Round Seed — $331,368
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First Round
First Round
(08 Jul 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Seed - Coreyo | Valuation |
investors |
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| Jul, 2021 | Amount | Angel Round - Coreyo | Valuation | Siddharth Hans |
| 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 Coreyo
Coreyo has secured backing from 8 investors, including institutional and angel investors. Prominent investors backing the company include Swift Infracon, Siddharth Hans and Shashank Krishna. 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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Founded Year | Domain | Location | |
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SH
Siddharth Hans |
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Founded Year | Domain | Location |
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SK
Shashank Krishna |
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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 Coreyo
| 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 - Coreyo
| 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 |
Coreyo Comparisons
Competitors of Coreyo
Coreyo 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 Borzo, FastBeetle, BookMyPacket, Hipship and Sendd, 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 |
Intra-city courier services are booked via an online marketplace platform.
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| 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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| 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 Coreyo
Frequently Asked Questions about Coreyo
When was Coreyo founded?
Coreyo was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Coreyo located?
Coreyo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Coreyo a funded company?
Coreyo is a funded company, having raised a total of $665.72K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $334.36K, raised on Jul 08, 2021.
What is the annual revenue of Coreyo?
Annual revenue of Coreyo is $269.86 as on Mar 31, 2022.
What does Coreyo do?
Coreyo was founded in 2020 in Bengaluru, India, operating within the logistics sector. An app-based platform is provided for users to connect with courier service providers, compare options, select services, process payments, consign packages, and monitor shipments in real time. The service focuses on streamlining parcel delivery through a digital interface.
Who are the top competitors of Coreyo?
Coreyo's top competitors include Borzo, FastBeetle and Hipship.
What products or services does Coreyo offer?
Coreyo offers Coreyo Platform, Hyperlocal Service, Domestic Service, and Global Service.
Who are Coreyo's investors?
Coreyo has 8 investors. Key investors include Swift Infracon, Siddharth Hans, Shashank Krishna, Vishal Khanna, and Naveen Shukla.
What is Coreyo's valuation?
The valuation of Coreyo is $2.29M as of Dec 2022.