About Flatheads
Flatheads is a company based in Bengaluru (India) founded in 2018 by Utkarsh Biradar and Ganesh Balakrishnan was acquired by Styched in July 2023.. Flatheads has raised $1.75 million across 8 funding rounds from investors including GetVantage, Wellfound and Styched. Flatheads offers products and services including Ellipsis Sneakers, Luft Sneakers, Linen Sneakers, and Tshirts.
- Headquarter Bengaluru, India
- Founders Utkarsh Biradar, Ganesh Balakrishnan
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Flathead Designs Private Limited
- Date of Incorporation 19 Nov, 2018
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$188.73 K (USD)-17.92as on Mar 31, 2023
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Net Profit
$-375.04 K (USD)41.41as on Mar 31, 2023
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EBITDA
$-179.93 K (USD)71.67as on Mar 31, 2023
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Total Equity Funding
$1.75 M (USD)
in 8 rounds
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Latest Funding Round
$43.05 K (USD), Seed
Jun 09, 2022
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Investors
GetVantage
& 82 more
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Employee Count
Employee Count
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Acquired by
Styched
(Jul 17, 2023)
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Products & Services of Flatheads
Flatheads offers a comprehensive portfolio of products and services, including Ellipsis Sneakers, Luft Sneakers, Linen Sneakers, and Tshirts. 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.
Breathable sneakers designed for everyday comfort and style
Ultralight sneakers offering superior comfort for daily use
Eco-friendly sneakers made with linen for reduced water usage
Casual t-shirts part of the brand's lifestyle collection
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Funding Insights of Flatheads
Flatheads has successfully raised a total of $1.75M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $43.05 thousand completed in June 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 8
- Last Round Seed — $43,048
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First Round
First Round
(25 Apr 2019)
- Investors Count 82
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - Flatheads | Valuation | Erias Ventures | |
| May, 2022 | Amount | Angel Round - Flatheads | Valuation | Srinath Chigullapalli |
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| Apr, 2022 | Amount | Angel Round - Flatheads | Valuation |
investors |
| 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 Flatheads
Flatheads has secured backing from 83 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include GetVantage, Wellfound and Styched. 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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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage startups are funded by this venture capital entity.
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Founded Year | Domain | Location | |
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Investment in early-stage startups and global community support.
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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 Flatheads
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Flatheads
| 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 |
Flatheads Comparisons
Competitors of Flatheads
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Flatheads
Frequently Asked Questions about Flatheads
When was Flatheads founded?
Flatheads was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Flatheads located?
Flatheads is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Flatheads a funded company?
Flatheads is a funded company, having raised a total of $1.75M across 8 funding rounds to date.
What is the annual revenue of Flatheads?
Annual revenue of Flatheads is $188.73K as on Mar 31, 2023.
What does Flatheads do?
Flatheads was founded in 2018 in Bengaluru, India, as an internet-first brand in the footwear sector. Casual shoes such as sandals, bamboo shoes, and slip-ons are provided, along with accessories including shoe cleaners, socks, and masks. Features like breathability, toe and heel protection, and washability are incorporated in the products. Operations focus on direct-to-consumer sales through the online domain flatheads.in.
What products or services does Flatheads offer?
Flatheads offers Ellipsis Sneakers, Luft Sneakers, Linen Sneakers, and Tshirts.
Who are Flatheads's investors?
Flatheads has 83 investors. Key investors include GetVantage, Wellfound, Styched, LetsVenture, and We Founder Circle.
What is Flatheads's valuation?
The valuation of Flatheads is $3.51M as of Jun 2022.
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