About Fipola
Fipola is a Retail company based in Chennai (India) founded in 2016 by Aishwarya Rai, KV Ramana, Sushil Kanugolu, and K Shanthi Ramana. Processor and retailer of meat products. It operates in the Retail and Agriculture sectors. Fipola has raised $9.73 million across 2 funding rounds from investors including Cavinkare, C K Ranganathan and A R Foundation. The company has 132 employees. Fipola was last valued at $74.05 million in March 2022. Its chief executive, as recorded, is Sushil Kanugolu. Its Indian entity Fipola Retail (India) Private Limited reported revenue of ₹35.86 Cr. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Meat and Seafood. Its competitors include TenderCuts, Zappfresh and FreshToHome; 3 of its 3 listed competitors have raised funding.
Company details
Fipola was founded in 2016 and is headquartered in Chennai, India, within the food processing and retail sector. A range of meat products, such as free-range chicken, pork, lamb, goat, seafood, marinades, cold cuts, ready-to-fry items, eggs, and dry fish, is processed and offered for sale. Sourcing occurs directly from farmers. Sales are facilitated through an online website, Android and iOS apps for home delivery, and physical retail outlets.
- Headquarters Chennai, India
- Employees 132
- Founders Aishwarya Rai, KV Ramana, Sushil Kanugolu, K Shanthi Ramana
- Stage Minicorn
- SectorsRetailAgriculture
- Website fipola.in
- Social LinkedIn X
- Legal Name Fipola Retail (India) Private Limited
- Date of Incorporation 28 Dec, 2016
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹35.86 Cr
FY 2021 · +69% YoY
- Net Loss-₹7.61 Cr
FY 2021 · -21% margin
- EBITDA-₹75.8 Lakh
FY 2021 · -2% margin
- Total Equity Funding$9.73M (USD)
in 2 rounds
- Latest Funding Round$3M (USD), Angel Round
Mar 2022
- InvestorsCavinkare
& 24 more
- Employee Count132
Associated legal entities of Fipola
Fipola is associated with 2 registered companies on The Company Check; the primary company is Fipola Retail (India) Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fipola Retail (India) Private Limited CIN U15532TN2016PTC113906 | Under Liquidation | 28 Dec 2016 | Chennai, Tamil Nadu | ₹35.9 Cr | 132 | 3 | View details |
| Farmspring Foods Llp CIN AAV-5769 | Active | 23 Jan 2021 | Chennai, Tamil Nadu | 2 | View details |
Funding Insights of Fipola
Fipola has successfully raised a total of $9.73M across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $3 million completed in March 2022. 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 $9.73M
- Total Rounds 2
- Last Round Angel Round — $3M
- First Round $6.73M
(Mar 2021)
- Investors Count 25
All 2 funding rounds of Fipola 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 |
|---|---|---|---|---|---|
| Mar 2022 | $3M | Angel Round | $74.05M | C K Ranganathan | |
| Mar 2021 | $6.73M | Series A | $56.03M | A R Foundation |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2022 | $74.05M | •••••••• |
| Mar 2021 | $56.03M | •••••••• |
Last known valuation $74.05M (Mar 2022). 25 investors in total: 8 institutional and 17 angel.
Investors in Fipola
Fipola has secured backing from 25 investors, including angel and institutional investors. Prominent investors backing the company include Cavinkare, C K Ranganathan and A R Foundation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cross-platform augmented reality framework is developed for Unity-based applications. | arfoundation.tcc.mode | |||
Multicategory convenience food products are offered as an internet-first brand. | 1983 | cavinkare.com | Chennai, India | |
A.R.Foundation is engaged in designing and constructing residential and commercial projects. | 2010 | arfoundation.in | Chennai, India | |
Version control hosting and code deployment services are provided. | beanstalkapp.com | Philadelphia, United States | ||
CK C K Ranganathan | unknown_107137ce2654455ca | |||
AR Anuradha Reddy | unknown_4e1a32831a8e44a98 | |||
PR Pooja Reddy | unknown_468145457b3241f18 | |||
BS Brinda S Lulla | unknown_c86a5e710f414f0e9 | |||
SR Sugunakara Reddy | unknown_3d27696bf16f47108 | |||
SU Suniel U Lulla | unknown_0ffdea904a944cefa |
Investor details for Fipola
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Board of directors of Fipola Retail (India) Private Limited (Fipola)
Fipola Retail (India) Private Limited is the primary company behind Fipola. The boards of the 2 registered companies of Fipola currently have 4 directors; the longest-serving is Sushil Kanugolu, appointed in 2021. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sushil Kanugolu DIN 02231299 | Designated Partner | 23 Jan 2021 | 5 yrs 9 mo | Farmspring Foods Llp, Fipola Retail (India) Private Limited |
| Kanugolu Venkata Ramana DIN 02093065 | Designated Partner | 23 Jan 2021 | 5 yrs 9 mo | Farmspring Foods Llp |
| Sivasankara Pillai Prakash DIN 09646774 | Additional Director | 22 Jun 2022 | 4 yrs 4 mo | Fipola Retail (India) Private Limited |
| Deepa Venkat Ramani DIN 07143610 | IRP/RP/Liquidator | 23 May 2023 | 3 yrs 5 mo | Fipola Retail (India) Private Limited |
People of Fipola
4 people are tracked at Fipola (4 in leadership); the tracked headcount is 132.
| Name | Role | Group |
|---|---|---|
Aishwarya Rai | Co-Founder | Leadership |
KV Ramana | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
K Shanthi Ramana | Co-Founder | Leadership |
Complete people profiles for Fipola
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Fipola
Figures of Fipola Retail (India) Private Limited, the primary company behind Fipola, for FY 2021. Revenue was ₹35.86 Cr (+69% year on year). Net loss was -₹7.61 Cr (-21% margin). EBITDA was -₹75.8 Lakh (-2% margin). Revenue has grown at a compounded annual rate of +99% over three years.
- ₹35.86 CrRevenue · FY 2021 · +69% YoY
- -₹7.61 CrNet loss · -21% margin
- -₹75.8 LakhEBITDA · -2% margin
- ₹10.50 CrPaid-up capital
- 132Employees (provident fund records)
- +99%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Fipola Retail (India) Private Limited are on its company page.
Detailed financial statements for Fipola
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Fipola
4 dated milestones of Fipola across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Fipola is founded.
- Funding First funding round of $6.7M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $3.0M.
Competitors of Fipola
Fipola has 3 listed competitors in our database, 3 of them funded. They include TenderCuts, Zappfresh and FreshToHome.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tendercuts.in | 2016 | Chennai, India | $38.06M | 28 | Online app-based retailer for meat and poultry products | |
| zappfresh.com | 2015 | Gurugram, India | $16.05M | 39 | Platform offering multi-category meat and seafood products | |
| freshtohome.com | 2015 | Bengaluru, India | $285.5M | 302 | Meat and poultry products are retailed online by FreshToHome. |
Detailed competitors of Fipola
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Top companies in Food & Grocery Retail
3 companies that operate in the same segment as Fipola (Food & Grocery Retail) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | 11,913 |
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Related news about Fipola
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Frequently Asked Questions about Fipola
Fipola was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Fipola is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Sushil Kanugolu is the CEO of Fipola, as recorded in our data. They have also founded this company.
Fipola is a funded company, having raised a total of $9.73M across 2 funding rounds to date. The company's 1st funding round was a Series A of $6.73M, raised on Mar 2021.
Fipola has 132 employees.
The primary company behind Fipola, Fipola Retail (India) Private Limited, reported revenue of ₹35.86 Cr for FY 2021, up 69% year on year.
Fipola was founded in 2016 and is headquartered in Chennai, India, within the food processing and retail sector. A range of meat products, such as free-range chicken, pork, lamb, goat, seafood, marinades, cold cuts, ready-to-fry items, eggs, and dry fish, is processed and offered for sale. Sourcing occurs directly from farmers. Sales are facilitated through an online website, Android and iOS apps for home delivery, and physical retail outlets.
Fipola's top competitors include TenderCuts, FreshToHome and Zappfresh.
Fipola has 25 investors. Key investors include Cavinkare, C K Ranganathan, A R Foundation, Anuradha Reddy, and VMR Investment Advisors LLP.
The valuation of Fipola is $74.05M as of Mar 2022.
Fipola is associated with 2 legal entities: Fipola Retail (India) Private Limited, Farmspring Foods Llp.
The legal entities of Fipola currently have 4 directors, including Sushil Kanugolu, Kanugolu Venkata Ramana, Sivasankara Pillai Prakash and others.