About Equiphunt
Equiphunt is a company based in Hyderabad (India) founded in 2015 by Souvik Sengupta, Rajesh Krishnan, and Shashank Dangayach was acquired by Infra.Market in May 2021.. Equiphunt has raised $335.43 thousand across 1 funding round from investors including Infra.Market and Vikram Reddy. Equiphunt offers products and services including Equipment Rental and Spares and Services. Equiphunt operates in a competitive market with competitors including Rent Alpha, EZLease, Yellow Rentals, Express World and Heavy Equipments, among others.
- Headquarter Hyderabad, India
- Founders Souvik Sengupta, Rajesh Krishnan, Shashank Dangayach
- Stage Minicorn
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Sectors
Real Estate & ConstructionIndustrial Goods & Manufacturing Retail
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Phone
*********
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Website
*********
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Social
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- Legal Name Sociam Equipment Solutions Private Limited
- Date of Incorporation 05 May, 2016
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$17.97 M (USD)42.14as on Mar 31, 2023
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Net Profit
$-861.85 K (USD)-259.68as on Mar 31, 2023
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EBITDA
$-171.34 K (USD)-112.53as on Mar 31, 2023
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Total Equity Funding
$335.43 K (USD)
in 1 rounds
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Latest Funding Round
$335.43 K (USD), Angel Round
Jun 08, 2020
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Investors
Infra.Market
& 1 more
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Employee Count
Employee Count
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Acquired by
Infra.Market
(May 30, 2021)
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Products & Services of Equiphunt
Equiphunt offers a comprehensive portfolio of products and services, including Equipment Rental and Spares and Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for renting construction machinery to businesses.
Provides spares sales and repair for construction equipment.
Funding Insights of Equiphunt
Equiphunt has successfully raised a total of $335.43K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $335.43 thousand completed in June 2020. 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 1
- Last Round Angel Round — $335,432
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First Round
First Round
(08 Jun 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Angel Round - Equiphunt | Valuation | Vikram Reddy |
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| 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 Equiphunt
Equiphunt has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Infra.Market and Vikram Reddy. 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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VR
Vikram Reddy |
Angel investor and entrepreneur, focused on tech startups in India.
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Founded Year | Domain | Location |
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Digital procurement and supply solutions for construction materials are facilitated.
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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 Equiphunt
| 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 - Equiphunt
| 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 |
Equiphunt Comparisons
Competitors of Equiphunt
Equiphunt 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 Rent Alpha, EZLease, Yellow Rentals, Express World and Heavy Equipments, 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 |
Online B2B rentals of heavy machinery and equipment are facilitated.
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| domain | founded_year | HQ Location |
Industrial equipment is rented and leased through an online platform.
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| domain | founded_year | HQ Location |
Power generation, material handling, and construction equipment services are provided.
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| domain | founded_year | HQ Location |
B2B platform offering heavy machinery on rental basis
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| domain | founded_year | HQ Location |
Online listings for buying/selling and renting heavy construction equipment
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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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Frequently Asked Questions about Equiphunt
When was Equiphunt founded?
Equiphunt was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Equiphunt located?
Equiphunt is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Equiphunt?
Shashank Dangayach is the current CEO of Equiphunt. They have also founded this company.
Is Equiphunt a funded company?
Equiphunt is a funded company, having raised a total of $335.43K across 1 funding round to date. The company's 1st funding round was a Angel Round of $335.43K, raised on Jun 08, 2020.
What is the annual revenue of Equiphunt?
Annual revenue of Equiphunt is $17.97M as on Mar 31, 2023.
What does Equiphunt do?
Equiphunt was founded in 2015 in Hyderabad, India, as a marketplace for renting heavy machinery used in construction and earth-work projects. Equipment owners are allowed to register and list their assets on the platform. Customers can search through available listings, book rentals, and complete payments online. The service connects renters with users in the construction sector across India.
Who are the top competitors of Equiphunt?
Equiphunt's top competitors include Rent Alpha, Yellow Rentals and EZLease.
What products or services does Equiphunt offer?
Equiphunt offers Equipment Rental and Spares and Services.
Who are Equiphunt's investors?
Equiphunt has 2 investors. Key investors include Infra.Market, and Vikram Reddy.
What is Equiphunt's valuation?
The valuation of Equiphunt is $1M as of Jun 2020.
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