About Driffle
Driffle is a company based in Bengaluru (India) founded in 2021 by Mayank Chawla, Abhishek Kumar, Gaurav Kumar Jha, and Chetan Bhardwaj.. Driffle has raised $3.67 million across 3 funding rounds from investors including Wellfound, LetsVenture and Mahesh Kumar Damani. Driffle operates in a competitive market with competitors including Robot Cache, CeX, GAMIVO, Dacby and Kinguin, among others.
- Headquarter Bengaluru, India
- Founders Mayank Chawla, Abhishek Kumar, Gaurav Kumar Jha, Chetan Bhardwaj
- Stage Minicorn
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Sectors
Media & Entertainment
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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 Remittx Private Limited
- Date of Incorporation 25 Mar, 2021
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$621.7 K (USD)451.77as on Mar 31, 2023
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Net Profit
$16.94 K (USD)202.52as on Mar 31, 2023
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EBITDA
$144.96 K (USD)1020.69as on Mar 31, 2023
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Total Equity Funding
$3.67 M (USD)
in 3 rounds
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Latest Funding Round
$190.86 K (USD), Seed
Jan 05, 2023
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Investors
Wellfound
& 17 more
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Employee Count
Employee Count
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Funding Insights of Driffle
Driffle has successfully raised a total of $3.67M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $190.86 thousand completed in January 2023. 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 — $190,855
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First Round
First Round
(10 Mar 2022)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Seed - Driffle | Valuation | Piper Serica , Piper Serica | |
| Nov, 2022 | Amount | Seed - Driffle | Valuation | Beenext | |
| Mar, 2022 | Amount | Seed - Driffle | Valuation | LetsVenture |
| 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 Driffle
Driffle has secured backing from 18 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Wellfound, LetsVenture and Mahesh Kumar Damani. 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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Private equity fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage venture capital fund
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Founded Year | Domain | Location | |
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Investments in early-stage tech startups are made by JAFCO Asia.
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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 Driffle
| 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 - Driffle
| 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 |
Driffle Comparisons
Competitors of Driffle
Driffle 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 Robot Cache, CeX, GAMIVO, Dacby and Kinguin, 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 |
Decentralized marketplace for video games is operated for gamers.
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| domain | founded_year | HQ Location |
Operates an e-commerce platform specializing in games and electronic gadgets for consumers.
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| domain | founded_year | HQ Location |
Online marketplace for gamers
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| domain | founded_year | HQ Location |
Buying and selling platform for gamers
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| domain | founded_year | HQ Location |
Virtual game assets are traded on an online e-commerce 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 Driffle
Frequently Asked Questions about Driffle
When was Driffle founded?
Driffle was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Driffle located?
Driffle is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Driffle a funded company?
Driffle is a funded company, having raised a total of $3.67M across 3 funding rounds to date. The company's 1st funding round was a Seed of $74.51K, raised on Mar 10, 2022.
What is the annual revenue of Driffle?
Annual revenue of Driffle is $621.7K as on Mar 31, 2023.
What does Driffle do?
Driffle was established in 2021 in Bengaluru, India, as an online retailer focused on video games. Products in categories such as adventure, anime, action, fighting, horror, and others are offered for purchase via the domain driffle.com. Operations center on e-commerce services for gaming enthusiasts, with co-founders including Mayank Chawla, Abhishek Kumar, Gaurav Kumar Jha, and Chetan Bhardwaj overseeing development in the digital retail sector.
Who are the top competitors of Driffle?
Driffle's top competitors include GAMIVO, Kinguin and Robot Cache.
Who are Driffle's investors?
Driffle has 18 investors. Key investors include Wellfound, LetsVenture, Mahesh Kumar Damani, Piper Serica, and Mahesh Kumar Damani.
What is Driffle's valuation?
The valuation of Driffle is $8.06M as of Jan 2023.