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
Locked
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Website
Locked
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Social
Locked
- 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.
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.
| 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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Early-stage venture capital fund
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Early-stage venture capital firm focusing on Asia regions.
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Locked | Locked | Locked |
Investor details for Elanic
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Investments & Acquisitions by Elanic
Elanic has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Secondcry.
Investment portfolio details for Elanic
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Second-hand kidswear listing platform
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Locked | Locked | 2016 | Locked |
Complete acquisition details for Elanic
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Financial Statements - Elanic
Detailed financials for Elanic
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Elanic Comparisons
Peer comparison for Elanic
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Multi-category second-hand products are offered via an app-based marketplace.
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Online platform offering multi-category used fashion products
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Pre-owned luxury women's fashion is traded via an online marketplace.
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Pre-owned premium fashion is traded on an online marketplace.
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Operates an online platform for fashion consignment and thrift shopping.
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Detailed competitors of Elanic
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Latest news on Elanic
Complete news archive for Elanic
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Frequently Asked Questions about Elanic
Elanic was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Elanic is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Elanic is a funded company, having raised a total of $1.89M across 2 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Elanic is 15.
Annual revenue of Elanic is $8.66K as on Mar 31, 2022.
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.
Elanic has made 1 acquisition, including Secondcry.
Elanic has 9 investors. Key investors include ShareChat, Beenos, Tracxn Labs, Beenext, and Rebright Partners.
The valuation of Elanic is $7.39M as of Oct 2017.