About Digi2L
Digi2L is a company based in Mumbai (India) founded in 2021 by Tarun Bhardwaj and Alok Mathur.. Digi2L has raised $362.44 thousand across 1 funding round from investors including Onsitego. The company has 70 employees as of February 25, 2025. Digi2L offers products and services including Smart Sell, Smart Buy, and Assured Buyback. Digi2L operates in a competitive market with competitors including Cashify, 2GUD, Budli, Cashforphone and ValueCart, among others.
- Headquarter Mumbai, India
- Employees 70 as on 25 Feb, 2025
- Founders Tarun Bhardwaj, Alok Mathur
- Stage Minicorn
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
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- Legal Name Utc Digital Technologies Private Limited
- Date of Incorporation 05 Jan, 2022
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$75.87 K (USD)0as on Mar 31, 2023
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Net Profit
$-578.91 K (USD)0as on Mar 31, 2023
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EBITDA
$-568.21 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$362.44 K (USD)
in 1 rounds
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Latest Funding Round
$362.44 K (USD), Seed
Jun 10, 2022
- Investors
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Employee Count
70
as on Feb 25, 2025
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Products & Services of Digi2L
Digi2L offers a comprehensive portfolio of products and services, including Smart Sell, Smart Buy, and Assured Buyback. 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.
Service for quickly selling used appliances with quality checks.
Platform to purchase refurbished appliances at discounted prices.
Program for trading old appliances with guaranteed buyback options.
Funding Insights of Digi2L
Digi2L has successfully raised a total of $362.44K through 1 strategic funding round. The most recent funding activity was a Seed round of $362.44 thousand completed in June 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 — $362,441
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First Round
First Round
(10 Jun 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - Digi2L | Valuation | Onsitego |
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| 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 Digi2L
Digi2L has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Onsitego. 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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Extended warranties for electronics are offered via an online platform.
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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 Digi2L
| 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 - Digi2L
| 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 |
Digi2l Comparisons
Competitors of Digi2L
Digi2L 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 Cashify, 2GUD, Budli, Cashforphone and ValueCart, 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 |
Refurbished and new gadgets are offered through an online marketplace.
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| domain | founded_year | HQ Location |
App-based platform for purchasing refurbished products.
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| domain | founded_year | HQ Location |
Refurbished electronics are bought and sold through a recommerce platform.
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| domain | founded_year | HQ Location |
Operates a digital hub for selling pre-owned and refurbished electronic products.
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| domain | founded_year | HQ Location |
An online store specializing in unused, unboxed, and refurbished mobile phones.
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| domain | founded_year | HQ Location |
Refurbished consumer electronics are sold via an online platform.
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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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Latest news on Digi2l
Frequently Asked Questions about Digi2L
When was Digi2L founded?
Digi2L was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Digi2L located?
Digi2L is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Digi2L a funded company?
Digi2L is a funded company, having raised a total of $362.44K across 1 funding round to date. The company's 1st funding round was a Seed of $362.44K, raised on Jun 10, 2022.
How many employees does Digi2L have?
As of Feb 25, 2025, the latest employee count at Digi2L is 70.
What is the annual revenue of Digi2L?
Annual revenue of Digi2L is $75.87K as on Mar 31, 2023.
What does Digi2L do?
Digi2L was founded in 2021 and is headquartered in Mumbai, India. Appliance exchange services are provided through an online platform, focusing on consumer electronics and home appliances such as televisions, washing machines, air conditioners, and laptops. Operations center on facilitating sales and exchanges within the Indian market, with a catalog supporting various product categories for users seeking upgrades or replacements.
What products or services does Digi2L offer?
Digi2L offers Smart Sell, Smart Buy, and Assured Buyback.
Who are Digi2L's investors?
Digi2L has 1 investor. Key investors include Onsitego.
What is Digi2L's valuation?
The valuation of Digi2L is $2.2M as of Jun 2022.
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