About FLYK
FLYK is a Financial Services company based in Mumbai (India) founded in 2017. Consumer payment services via an Android app-based wallet are provided. FLYK has raised $5.36 thousand across 2 funding rounds from investors including India Accelerator, Nikhil Srivastava and Nikhil Srivastava. FLYK was last valued at $373.56 thousand in September 2021. Its Indian entity Chippr Deals Private Limited reported revenue of ₹3.8 Lakh. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Its competitors include PhonePe, MobiKwik and Paytm; 3 of its 3 listed competitors have raised funding.
Company details
FLYK was established in 2017 in Mumbai, India, within the fintech sector. An app-based digital wallet is operated to handle everyday consumer transactions. Services encompass money transfers, mobile recharges, DTH top-ups, electricity bill settlements, gas bill payments, and similar utilities. The platform is accessible exclusively on Android devices, supporting financial operations primarily in the Indian market.
- Headquarters Mumbai, India
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website flyk.in
- Social LinkedIn X Facebook
- Legal Name Chippr Deals Private Limited
- Date of Incorporation 08 Aug, 2016
- Jurisdiction Bhopal, Madhya Pradesh, India
- Annual Revenue₹3.8 Lakh
FY 2021 · +436% YoY
- Net Loss-₹87,402
FY 2021 · -23% margin
- EBITDA-₹87,402
FY 2021 · -23% margin
- Total Equity Funding$5.36K (USD)
in 2 rounds
- InvestorsIndia Accelerator
& 2 more
Associated legal entities of FLYK
FLYK operates through Chippr Deals Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Chippr Deals Private Limited CIN U74999MP2016PTC041283 | Strike Off | 08 Aug 2016 | Bhopal, Madhya Pradesh | ₹0.0 Cr | 2 | View details |
Funding Insights of FLYK
FLYK has successfully raised a total of $5.36K across 2 strategic funding rounds. 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 $5,363
- Total Rounds 2
- First Round $5,363
(Apr 2021)
- Investors Count 3
All 2 funding rounds of FLYK 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 |
|---|---|---|---|---|---|
| Sep 2021 | Seed | $373,564 | India Accelerator | – | |
| Apr 2021 | $5,363 | Angel Round | $246,156 | Nikhil Srivastava, Nikhil Srivastava | – |
Last known valuation $373,564 (Sep 2021). 3 investors in total: 1 institutional and 2 angel.
Investors in FLYK
FLYK has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include India Accelerator, Nikhil Srivastava and Nikhil Srivastava.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startup acceleration, funding, and mentorship services are delivered by India Accelerator. | 2017 | indiaaccelerator.co | Gurugram, India | |
NS Nikhil Srivastava | Angel investor and entrepreneur, co-founder of Beato, focused on healthtech innovation | unknown_073ef676c1e645099 | ||
NS Nikhil Srivastava | unknown_20beaeea49724b34a |
Investor details for FLYK
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Chippr Deals Private Limited (FLYK)
Chippr Deals Private Limited is the primary company behind FLYK. The board of Chippr Deals Private Limited currently have 2 directors; the longest-serving is Apratim Ganguli, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Apratim Ganguli DIN 07565564 | Director | 08 Aug 2016 | 10 yrs 3 mo | Chippr Deals Private Limited |
| Amit Ganguli DIN 07964801 | Director | 13 Oct 2017 | 9 yrs | Chippr Deals Private Limited |
Financials of FLYK
Figures of Chippr Deals Private Limited, the primary company behind FLYK, for FY 2021. Revenue was ₹3.8 Lakh (+436% year on year). Net loss was -₹87,402 (-23% margin). EBITDA was -₹87,402 (-23% margin). Revenue has grown at a compounded annual rate of +211% over three years.
- ₹3.8 LakhRevenue · FY 2021 · +436% YoY
- -₹87,402Net loss · -23% margin
- -₹87,402EBITDA · -23% margin
- ₹1 LakhPaid-up capital
- +211%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Chippr Deals Private Limited are on its company page.
Detailed financial statements for FLYK
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of FLYK
3 dated milestones of FLYK across 4 years, from founding to its latest funding, stage changes and deals.
- Founded FLYK is founded.
- Funding First funding round of $5K.
- Funding Latest funding round, Seed,.
Competitors of FLYK
FLYK has 3 listed competitors in our database, 3 of them funded. They include PhonePe, MobiKwik and Paytm.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| phonepe.com | 2012 | Bengaluru, India | $1.71B | 1,768 | Payment, financial, investment, and lending services are provided digitally. | |
| mobikwik.com | 2009 | Gurugram, India | $283.54M | 698 | Operator of platform for online mobile, DTH recharge, and bill payments | |
| paytm.com | 2000 | Noida, India | $2.81B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. |
Detailed competitors of FLYK
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as FLYK (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Frequently Asked Questions about FLYK
FLYK was founded in 2017 and raised its 1st funding round 4 years after it was founded.
FLYK is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
FLYK is a funded company, having raised a total of $5.36K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $5.36K, raised on Apr 2021.
The primary company behind FLYK, Chippr Deals Private Limited, reported revenue of ₹3.8 Lakh for FY 2021, up 436% year on year.
FLYK was established in 2017 in Mumbai, India, within the fintech sector. An app-based digital wallet is operated to handle everyday consumer transactions. Services encompass money transfers, mobile recharges, DTH top-ups, electricity bill settlements, gas bill payments, and similar utilities. The platform is accessible exclusively on Android devices, supporting financial operations primarily in the Indian market.
FLYK has 3 investors. Key investors include India Accelerator, Nikhil Srivastava, and Nikhil Srivastava.
The valuation of FLYK is $373.56K as of Sep 2021.
FLYK operates through Chippr Deals Private Limited.
The legal entities of FLYK currently have 2 directors, including Apratim Ganguli, Amit Ganguli.