About Elanic
Elanic is a company based in Bengaluru (India) founded in 2014 was acquired by ShareChat in February 2020.. Elanic has raised $1.89 million across 2 funding rounds from investors including ShareChat, Beenos and Tracxn Labs. The company has 15 employees as of April 08, 2024. Elanic has completed 1 acquisition, including Secondcry. Elanic operates in a competitive market with competitors including FreeUp, ReThought, Zapyle, Onceagain and Thriftmark, among others.
- Headquarter Bengaluru, India
- Employees 15 as on 08 Apr, 2024
- Stage Minicorn
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Sectors
RetailMedia & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Elanic Services Private Limited
- Date of Incorporation 19 Jan, 2015
- Jurisdiction Wilson Garden Bengaluru, Karnataka, India
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Annual Revenue
$8.66 K (USD)-4.33as on Mar 31, 2022
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Net Profit
$2.18 K (USD)165.47as on Mar 31, 2022
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EBITDA
$-3.79 K (USD)23.21as on Mar 31, 2022
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Total Equity Funding
$1.89 M (USD)
in 2 rounds
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Latest Funding Round
$927.67 K (USD), Seed
Oct 04, 2017
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Investors
ShareChat
& 8 more
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Employee Count
15
as on Apr 08, 2024
- Investments & Acquisitions
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Acquired by
ShareChat
(Feb 25, 2020)
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Funding Insights of Elanic
Elanic has successfully raised a total of $1.89M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $927.67 thousand completed in October 2017. 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 — $927,665
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First Round
First Round
(03 Jul 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Seed - Elanic | Valuation | Beenos | |
| Jul, 2015 | Amount | Seed - Elanic | Valuation | Beenext |
| 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 Elanic
Elanic has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include ShareChat, Beenos and Tracxn Labs. 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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Seed-stage tech-focused VC Firm funding companies in Asia, the Middle East and the US
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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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Early-stage venture capital firm focusing on Asia regions.
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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 Elanic
Elanic has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Secondcry. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Second-hand kidswear listing platform
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Elanic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Elanic Comparisons
Competitors of Elanic
Elanic 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 FreeUp, ReThought, Zapyle, Onceagain and Thriftmark, 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 |
Multi-category second-hand products are offered via an app-based marketplace.
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| domain | founded_year | HQ Location |
Online platform offering multi-category used fashion products
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| domain | founded_year | HQ Location |
Pre-owned luxury women's fashion is traded via an online marketplace.
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| domain | founded_year | HQ Location |
Pre-owned premium fashion is traded on an online marketplace.
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| domain | founded_year | HQ Location |
Operates an online platform for fashion consignment and thrift shopping.
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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 Elanic
Frequently Asked Questions about Elanic
When was Elanic founded?
Elanic was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Elanic located?
Elanic is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Elanic a funded company?
Elanic is a funded company, having raised a total of $1.89M across 2 funding rounds to date. The company's 1st funding round was a Seed of $957.93K, raised on Jul 03, 2015.
How many employees does Elanic have?
As of Apr 08, 2024, the latest employee count at Elanic is 15.
What is the annual revenue of Elanic?
Annual revenue of Elanic is $8.66K as on Mar 31, 2022.
What does Elanic do?
Elanic was founded in 2014 in Bengaluru, India, as a peer-to-peer marketplace focused on fashion goods for men and women. New or pre-owned items are listed by users through photo uploads on the mobile app. Sold items are collected by the company, checked for condition, size, and authenticity, then shipped to buyers. The platform supports English, Hindi, Gujarati, Marathi, and Bengali, and works on Android and iOS devices.
Who are the top competitors of Elanic?
How many acquisitions has Elanic made?
Elanic has made 1 acquisition, including Secondcry.
Who are Elanic's investors?
Elanic has 9 investors. Key investors include ShareChat, Beenos, Tracxn Labs, Beenext, and Rebright Partners.
What is Elanic's valuation?
The valuation of Elanic is $7.39M as of Oct 2017.
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