About Elanic
Elanic is a Retail company based in Bengaluru (India) founded in 2014, and was acquired by ShareChat in February 2020. Mobile based P2P marketplace to buy and sell fashion products. It operates in the Retail and Media & Entertainment sectors. Elanic has raised $1.89 million across 2 funding rounds from investors including ShareChat, Beenos and Tracxn Labs. The company has 15 employees. Elanic has completed 1 acquisition, including Secondcry. Elanic was last valued at $7.39 million in October 2017. Its Indian entity Elanic Services Private Limited reported revenue of ₹7.2 Lakh. The company was acqui-hired. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Multi Category. Its competitors include FreeUp, ReThought and Zapyle; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Annual Revenue₹7.2 Lakh
FY 2022 · -4% YoY
- Net Profit₹1.8 Lakh
FY 2022 · 25% margin
- EBITDA₹3.5 Lakh
FY 2022 · 49% margin
- Total Equity Funding$1.89M (USD)
in 2 rounds
- Latest Funding Round$927.67K (USD), Seed
Oct 2017
- InvestorsShareChat
& 8 more
- Employee Count15
- Investments & Acquisitions
- Acquired byShareChat
(Feb 2020)
Associated legal entities of Elanic
Elanic operates through Elanic Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Elanic Services Private Limited CIN U72200KA2015PTC078381 | Active | 19 Jan 2015 | Bengaluru, Karnataka | ₹0.1 Cr | 15 | 2 | View details |
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 $1.89M
- Total Rounds 2
- Last Round Seed — $927,665
- First Round $957,932
(Jul 2015)
- Investors Count 8
All 2 funding rounds of Elanic with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Oct 2017 | $7.39M | •••••••• |
| Jul 2015 | $4.46M | •••••••• |
Last known valuation $7.39M (Oct 2017). 9 investors in total: 6 institutional and 3 angel.
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 |
|---|---|---|---|---|
Seed-stage tech-focused VC Firm funding companies in Asia, the Middle East and the US | 1999 | beenos.com | Tokyo, Japan | |
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
Early-stage venture capital firm focusing on Asia regions. | 2008 | rebrightpartners.com | ||
DG Ventures is engaged in investing in startup companies. | dgventures.com | San Francisco, United States | ||
Early-stage investment and support for technology companies. | 2013 | tracxnlabs.com | Bengaluru, India | |
BH BSN Hari | unknown_d93ddeb4a76f4209a | |||
AM Anupam Mittal | Founder of Shaadi.com, angel investor, Shark Tank India judge | unknown_f4e49a738b7046449 | ||
AR Aneesh Reddy Boddu | Co-founder of Capillary Technologies, active angel investor in Indian startups | unknown_236cebf4f5554e0fb | ||
Media content is shared on an app-based social network platform. | 2015 | sharechat.com | Bengaluru, India |
Investor details for Elanic
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Elanic Services Private Limited (Elanic)
Elanic Services Private Limited is the primary company behind Elanic. The board of Elanic Services Private Limited currently have 2 directors; the longest-serving is Palkush Rai Chawla, appointed in 2015. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Palkush Rai Chawla DIN 07007479 | Whole-time director | 19 Jan 2015 | 11 yrs 9 mo | Elanic Services Private Limited |
| Bangalore Narahari Abhilash DIN 07007467 | Whole-time director | 19 Jan 2015 | 11 yrs 9 mo | Elanic Services Private Limited |
Financials of Elanic
Figures of Elanic Services Private Limited, the primary company behind Elanic, for FY 2022. Revenue was ₹7.2 Lakh (-4% year on year). Net profit was ₹1.8 Lakh (25% margin). EBITDA was ₹3.5 Lakh (49% margin). Revenue has grown at a compounded annual rate of -75% over three years.
- ₹7.2 LakhRevenue · FY 2022 · -4% YoY
- ₹1.8 LakhNet profit · 25% margin
- ₹3.5 LakhEBITDA · 49% margin
- ₹2 LakhPaid-up capital
- 15Employees (provident fund records)
- -75%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Elanic Services Private Limited are on its company page.
Detailed financial statements for Elanic
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Elanic
Elanic has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Secondcry.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Second-hand kidswear listing platform | secondcry.com | Bengaluru, India | 2016 | Jul 2017 | •••• |
Complete acquisition details for Elanic
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Elanic
6 dated milestones of Elanic across 6 years, from founding to its latest funding, stage changes and deals.
Competitors of Elanic
Elanic has 3 listed competitors in our database, 3 of them funded. They include FreeUp, ReThought and Zapyle.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| freeup.app | 2019 | Bengaluru, India | $785,468 | 27 | Multi-category second-hand products are offered via an app-based marketplace. | |
| rethought.in | 2022 | Delhi, India | $160,000 | Online platform offering multi-category used fashion products | ||
| zapyle.com | 2015 | Bengaluru, India | $1.19M | Pre-owned luxury women's fashion is traded via an online marketplace. |
Detailed competitors of Elanic
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Elanic
Websites that share an audience with Elanic (elanic.in).
Websites whose visitors overlap most with Elanic. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| facebook.com | 100% | 12.1B | #3 | View details |
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Elanic (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 639.15 M | 1,031 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 144.58 M | USD 32.66 M | 711 |
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Related news about 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. The company's 1st funding round was a Seed of $957.93K, raised on Jul 2015.
Elanic has 15 employees.
The primary company behind Elanic, Elanic Services Private Limited, reported revenue of ₹7.2 Lakh for FY 2022, down 4% year on year.
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.
Elanic operates through Elanic Services Private Limited.
Yes. Elanic was acquired by ShareChat in February 2020.