About DesiHangover
DesiHangover is a company based in Mumbai (India) founded in 2014 by Abha Agrawal, Hitesh Kenjale, and Lakshya Arora.. DesiHangover has raised $182.17 thousand across 1 funding round from investors including Be an Angel, Social Alpha and Ram Narasimhan. DesiHangover offers products and services including HOLA MEN, BELLE, FUNK, and DAILY.
- Headquarter Mumbai, India
- Founders Abha Agrawal, Hitesh Kenjale, Lakshya Arora
- Stage Minicorn
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Sectors
RetailEnvironment
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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 Arken Enterprises Private Limited
- Date of Incorporation 10 Jun, 2019
- Jurisdiction Mumbai ,, Maharashtra, India
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Annual Revenue
$380.44 K (USD)20.94as on Mar 31, 2023
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Net Profit
$-94.51 K (USD)-499.15as on Mar 31, 2023
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EBITDA
$-52.53 K (USD)-368.46as on Mar 31, 2023
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Total Equity Funding
$182.17 K (USD)
in 1 rounds
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Latest Funding Round
$182.17 K (USD), Seed
Jan 04, 2022
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Investors
Be an Angel
& 9 more
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Employee Count
Employee Count
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Products & Services of DesiHangover
DesiHangover offers a comprehensive portfolio of products and services, including HOLA MEN, BELLE, FUNK, and DAILY. 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.
Comfortable leather sandals for men with anti-slip features.
Versatile leather sandals designed for women daily use.
Stylish leather sandals offering unique colors and designs.
Practical leather sandals for everyday comfort and wear.
Funding Insights of DesiHangover
DesiHangover has successfully raised a total of $182.17K through 1 strategic funding round. The most recent funding activity was a Seed round of $182.17 thousand completed in January 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 1
- Last Round Seed — $182,170
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First Round
First Round
(04 Jan 2022)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - DesiHangover | Valuation | Social Alpha , IIMA Ventures |
| 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 DesiHangover
DesiHangover has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include Be an Angel, Social Alpha and Ram Narasimhan. 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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Sustainable startups are supported via innovation curation and venture funding.
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Founded Year | Domain | Location | |
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Angel network focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage tech startups are supported via venture capital and acceleration.
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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 DesiHangover
| 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 - DesiHangover
| 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 |
Desihangover Comparisons
Competitors of DesiHangover
| 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 DesiHangover
When was DesiHangover founded?
DesiHangover was founded in 2014 and raised its 1st funding round 8 years after it was founded.
Where is DesiHangover located?
DesiHangover is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is DesiHangover a funded company?
DesiHangover is a funded company, having raised a total of $182.17K across 1 funding round to date. The company's 1st funding round was a Seed of $182.17K, raised on Jan 04, 2022.
What is the annual revenue of DesiHangover?
Annual revenue of DesiHangover is $380.44K as on Mar 31, 2023.
What does DesiHangover do?
DesiHangover was founded in 2014 in Mumbai, India, within the footwear manufacturing sector. Leather-soled sandals are handcrafted using vegetable tanning processes for sustainable production. Unique designs and vibrant colors are developed, with emphasis on comfort, breathability, and versatility for casual or formal use. Operations focus on economic empowerment of local artisans, as reflected in customer feedback on product suitability.
What products or services does DesiHangover offer?
DesiHangover offers HOLA MEN, BELLE, FUNK, and DAILY.
Who are DesiHangover's investors?
DesiHangover has 10 investors. Key investors include Be an Angel, Social Alpha, Ram Narasimhan, Guruprasad A Shenoy, and Shashidhar Viswanatha Lakkavalli.
What is DesiHangover's valuation?
The valuation of DesiHangover is $1.18M as of Jan 2022.