About Eluying
Eluying is a Travel & Hospitality company based in Hangzhou (China) founded in 2014. Offbeat activities and travel packages are facilitated via group buying. Eluying has raised $1.56 million across 2 funding rounds from investors including Chuxin Capital and IDG Capital. Its Indian entity Ing Vysya Bank Limited reported revenue of ₹2,262 Cr. Its focus areas include Consumer, Online Travel, Tours & Activities and Online Agency. Its competitors include Klook, Zhoumo Qunar and Haiwan; 3 of its 3 listed competitors have raised funding.
Company details
Eluying was founded in 2014 in Hangzhou, China, as a platform in the travel sector focused on offbeat activities and packages. Operations center on eluying.com, where users access group buying options for trips. Such packages are organized by the community if sufficient sign-ups are achieved, enabling discounted pricing. Services emphasize unique experiences over standard tourism.
- Headquarters Hangzhou, China
- SectorsTravel & Hospitality
- Website eluying.com
- Legal Name Ing Vysya Bank Limited
- Date of Incorporation 29 Mar, 1930
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹2,262 Cr
FY 2024 · 0% YoY
- Total Equity Funding$1.56M (USD)
in 2 rounds
- Latest Funding Round$1.56M (USD), Series A
Sep 2015
- InvestorsChuxin Capital
& 1 more
Associated legal entities of Eluying
Eluying operates through Ing Vysya Bank Limited, a listed company (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ing Vysya Bank Limited Listed CIN L85110KA1930PLC000124 | Amalgamated | 29 Mar 1930 | Bangalore, Karnataka | ₹2,262 Cr | 11 | View details |
Funding Insights of Eluying
Eluying has successfully raised a total of $1.56M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.56 million completed in September 2015. 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 $1.56M
- Total Rounds 2
- Last Round Series A — $1.56M
- Investors Count 2
All 2 funding rounds of Eluying with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2015 | $1.56M | Series A | – | – | |
| Feb 2015 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Eluying
Eluying has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Chuxin Capital and IDG Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early-stage investments in technology sectors | chuxincapital.com | Beijing, China | ||
Venture capital firm | idgcapital.com | New York, United States |
Investor details for Eluying
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Board of directors of Ing Vysya Bank Limited (Eluying)
Ing Vysya Bank Limited is the primary company behind Eluying. The board of Ing Vysya Bank Limited currently have 11 directors; the longest-serving is Maddali Venkata Satya Apparao, appointed in 2007. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Maddali Venkata Satya Apparao DIN 00484877 | Company Secretary | 27 Jul 2007 | 19 yrs 3 mo | Ing Vysya Bank Limited |
| Santosh Desai DIN 01237902 | Director | 29 Apr 2008 | 18 yrs 6 mo | Ing Vysya Bank Limited |
| Meleveetil Damodaran DIN 02106990 | Director | 21 Jul 2008 | 18 yrs 3 mo | Ing Vysya Bank Limited |
| Vaughn Nigel Richtor DIN 00698356 | Director | 01 Jun 2009 | 17 yrs 5 mo | Ing Vysya Bank Limited |
| Vikram Talwar DIN 00416236 | Director | 20 Dec 2010 | 15 yrs 10 mo | Ing Vysya Bank Limited |
| Mark Edwin Newman DIN 03518417 | Director | 20 Apr 2011 | 15 yrs 6 mo | Ing Vysya Bank Limited |
| Jayant Mehrotra DIN 07681406 | CFO | 29 Apr 2014 | 12 yrs 6 mo | Ing Vysya Bank Limited |
| Alka Marezban Bharucha DIN 00114067 | Additional Director | 25 Jun 2014 | 12 yrs 4 mo | Ing Vysya Bank Limited |
| Adrianus Johannes Antonius Kas DIN 06853983 | Additional Director | 25 Jun 2014 | 12 yrs 4 mo | Ing Vysya Bank Limited |
| Kewal Kundanlal Handa DIN 00056826 | Additional Director | 12 Aug 2014 | 12 yrs 2 mo | Ing Vysya Bank Limited |
| David Han Lee Yong DIN 07015440 | Additional Director | 10 Nov 2014 | 11 yrs 11 mo | Ing Vysya Bank Limited |
Financials of Eluying
Figures of Ing Vysya Bank Limited, the primary company behind Eluying, for FY 2024. Revenue was ₹2,262 Cr (0% year on year). Revenue has grown at a compounded annual rate of +7% over three years and +4% over five years.
- ₹2,262 CrRevenue · FY 2024 · 0% YoY
- ₹192 CrPaid-up capital
- +7%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ing Vysya Bank Limited are on its company page.
Detailed financial statements for Eluying
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Eluying
3 dated milestones of Eluying across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Eluying is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $1.6M.
Competitors of Eluying
Eluying has 3 listed competitors in our database, 3 of them funded. They include Klook, Zhoumo Qunar and Haiwan.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| klook.com | 2014 | Hong Kong, China | $1.03B | 31 | Tours and travel activities are booked through an app-based platform. | |
| wanzhoumo.com | 2013 | Shanghai, China | $20M | Online bookings for weekend getaways and local attractions are enabled. | ||
| haiwan.com | 2013 | Beijing, China | $5M |
Detailed competitors of Eluying
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Frequently Asked Questions about Eluying
Eluying was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Eluying is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Eluying is a funded company, having raised a total of $1.56M across 2 funding rounds to date.
The primary company behind Eluying, Ing Vysya Bank Limited, reported revenue of ₹2,262 Cr for FY 2024, down 0% year on year.
Eluying was founded in 2014 in Hangzhou, China, as a platform in the travel sector focused on offbeat activities and packages. Operations center on eluying.com, where users access group buying options for trips. Such packages are organized by the community if sufficient sign-ups are achieved, enabling discounted pricing. Services emphasize unique experiences over standard tourism.
Eluying's top competitors include Klook, Zhoumo Qunar and Haiwan.
Eluying has 2 investors. Key investors include Chuxin Capital, and IDG Capital.
Eluying operates through Ing Vysya Bank Limited.
The legal entities of Eluying currently have 11 directors, including Mark Edwin Newman, Vikram Talwar, Vaughn Nigel Richtor and others.