About Flexcar
Flexcar is a company based in Boston (United States) founded in 2000.. Flexcar has raised $59.52 million across 1 funding round from investors including Venture Friends, Seaya and Frontline Ventures. The company has 63 employees as of March 28, 2024. Flexcar offers products and services including Flexcar Leasing and Flexcar Gas Saver. Flexcar operates in a competitive market with competitors including AutoGravity, AGORA Data, DRIVEiT, LOANIFY and Overseas Credit, among others.
- Headquarter Boston, United States
- Employees 63 as on 28 Mar, 2024
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Flexcar India Private Limited
- Date of Incorporation 15 Sep, 2021
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$2.94 M (USD)444.34as on Mar 31, 2023
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Net Profit
$286.38 K (USD)446.64as on Mar 31, 2023
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EBITDA
$385.49 K (USD)420.5as on Mar 31, 2023
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Total Equity Funding
$59.52 M (USD)
in 1 rounds
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Latest Funding Round
$59.52 M (USD), Series C
Jun 30, 2021
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Investors
Venture Friends
& 3 more
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Employee Count
63
as on Mar 28, 2024
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Products & Services of Flexcar
Flexcar offers a comprehensive portfolio of products and services, including Flexcar Leasing and Flexcar Gas Saver. 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.
Month-to-month leasing with no down payment and flexible options
Discount program for gas at Sunoco stations
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Funding Insights of Flexcar
Flexcar has successfully raised a total of $59.52M through 1 strategic funding round. The most recent funding activity was a Series C round of $59.52 million completed in June 2021. 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 Series C — $59.5M
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First Round
First Round
(30 Jun 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series C - Flexcar | 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 Flexcar
Flexcar has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Venture Friends, Seaya and Frontline Ventures. 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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Investments are made in proptech, fintech, SaaS, and multiple sectors.
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Founded Year | Domain | Location | |
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Tech companies are funded by Seaya, a venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital firm focused on B2B companies
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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 Flexcar
| 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 - Flexcar
| 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 |
Flexcar Comparisons
Competitors of Flexcar
Flexcar 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 AutoGravity, AGORA Data, DRIVEiT, LOANIFY and Overseas Credit, 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 |
Operates a peer-to-peer platform for car loans.
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| domain | founded_year | HQ Location |
Automotive loans are exchanged via a P2P data marketplace.
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| domain | founded_year | HQ Location |
Provides auto finance and credit building services to consumers.
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| domain | founded_year | HQ Location |
Operates a peer-to-peer marketplace for auto loans, connecting borrowers and lenders.
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| domain | founded_year | HQ Location |
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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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Latest news on Flexcar
Frequently Asked Questions about Flexcar
When was Flexcar founded?
Flexcar was founded in 2000 and raised its 1st funding round 21 years after it was founded.
Where is Flexcar located?
Flexcar is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Flexcar a funded company?
Flexcar is a funded company, having raised a total of $59.52M across 1 funding round to date. The company's 1st funding round was a Series C of $59.52M, raised on Jun 30, 2021.
How many employees does Flexcar have?
As of Mar 28, 2024, the latest employee count at Flexcar is 63.
What is the annual revenue of Flexcar?
Annual revenue of Flexcar is $2.94M as on Mar 31, 2023.
What does Flexcar do?
Flexcar was established in 2000 and is headquartered in Boston, United States. Automotive financing services are offered, with a focus on car loans for vehicle acquisitions. Operations center on the lending industry, where credit assessments and repayment plans are managed for individual and commercial clients. Geographic coverage includes the broader U.S. market, supporting access to transportation funding options.
Who are the top competitors of Flexcar?
Flexcar's top competitors include AGORA Data, AutoGravity and DRIVEiT.
What products or services does Flexcar offer?
Flexcar offers Flexcar Leasing and Flexcar Gas Saver.
Who are Flexcar's investors?
Flexcar has 4 investors. Key investors include Venture Friends, Seaya, Frontline Ventures, and Uni.Fund.
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