About Fipola
Fipola is a company based in Chennai (India) founded in 2016 by Aishwarya Rai, KV Ramana, Sushil Kanugolu, and K Shanthi Ramana. 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 as of April 07, 2024. Fipola operates in a competitive market with competitors including TenderCuts, Zappfresh, FreshToHome, Nandus and Meatigo, among others.
- Headquarter Chennai, India
- Employees 132 as on 07 Apr, 2024
- Founders Aishwarya Rai, KV Ramana, Sushil Kanugolu, K Shanthi Ramana
- Stage Minicorn
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Sectors
RetailAgriculture
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fipola Retail (India) Private Limited
- Date of Incorporation 28 Dec, 2016
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$4.82 M (USD)68.95as on Mar 31, 2021
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Net Profit
-$1.02 M (USD)-27.56as on Mar 31, 2021
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EBITDA
-$101.86 K (USD)82.07as on Mar 31, 2021
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Total Equity Funding
$9.73 M (USD)
in 2 rounds
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Latest Funding Round
$3 M (USD), Angel Round
Mar 03, 2022
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Investors
Cavinkare
& 24 more
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Employee Count
132
as on Apr 07, 2024
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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 Total Funding
- Total Rounds 2
- Last Round Angel Round — $3.0M
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First Round
First Round
(15 Mar 2021)
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Angel Round - Fipola | Valuation | C K Ranganathan | |
| Mar, 2021 | Amount | Series A - Fipola | Valuation | A R Foundation |
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 |
|---|---|---|---|---|
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Cross-platform augmented reality framework is developed for Unity-based applications.
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Founded Year | Domain | Location | |
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Multicategory convenience food products are offered as an internet-first brand.
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Founded Year | Domain | Location | |
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A.R.Foundation is engaged in designing and constructing residential and commercial projects.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fipola
Financial Statements - Fipola
Fipola Comparisons
Competitors of Fipola
Fipola 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 TenderCuts, Zappfresh, FreshToHome, Nandus and Meatigo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online app-based retailer for meat and poultry products
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| domain | founded_year | HQ Location |
Platform offering multi-category meat and seafood products
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| domain | founded_year | HQ Location |
Meat and poultry products are retailed online by FreshToHome.
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| domain | founded_year | HQ Location |
Operates an e-commerce store specializing in meat and poultry products.
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| domain | founded_year | HQ Location |
Meat and meat products are offered via a B2C platform.
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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 current CEO of Fipola. 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 15, 2021.
As of Apr 07, 2024, the latest employee count at Fipola is 132.
Annual revenue of Fipola is $4.82M as on Mar 31, 2021.
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.