About Flywheel
Flywheel is a company based in Redwood City (United States) founded in 2009 was acquired by Cabconnect in April 2017.. Flywheel has raised $40.63 million across 8 funding rounds from investors including TCW, RockPort Capital and Shasta Ventures. Flywheel offers products and services including Ride App, Drive Features, Foods Delivery, and Business Solutions. Flywheel operates in a competitive market with competitors including Uber, Lyft, Didi, Alto and Carey, among others.
- Headquarter Redwood City, United States
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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 Flywheel Software, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40.63 M (USD)
in 8 rounds
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Latest Funding Round
$4.07 M (USD), Series C
Apr 13, 2016
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Investors
TCW
& 5 more
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Employee Count
Employee Count
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Acquired by
Cabconnect
(Apr 07, 2017)
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Products & Services of Flywheel
Flywheel offers a comprehensive portfolio of products and services, including Ride App, Drive Features, Foods Delivery, and Business Solutions. 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.
App for hailing and tracking taxis with real-time updates.
Tools for drivers to manage schedules and receive alerts.
Service connecting restaurants and drivers for local deliveries.
Hardware and software for taxi fleet management and payments.
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Funding Insights of Flywheel
Flywheel has successfully raised a total of $40.63M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $4.07 million completed in April 2016. 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 Series C — $4.1M
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First Round
First Round
(16 Dec 2009)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Series C - Flywheel | Valuation |
investors |
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| Sep, 2015 | Amount | Series C - Flywheel | Valuation |
investors |
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| May, 2015 | Amount | Series C - Flywheel | Valuation |
investors |
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| 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 Flywheel
Flywheel has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include TCW, RockPort Capital and Shasta 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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Stage-agnostic venture capital investments are made in US companies.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early stage startups
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Founded Year | Domain | Location | |
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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 Flywheel
| 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 - Flywheel
| 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 |
Flywheel Comparisons
Competitors of Flywheel
Flywheel 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 Uber, Lyft, Didi, Alto and Carey, 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 |
An online platform providing ride-hailing and food delivery services
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| domain | founded_year | HQ Location |
App-based ride-hailing aggregator
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| domain | founded_year | HQ Location |
An AI-enabled platform is operated for ride-hailing and on-demand services.
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| domain | founded_year | HQ Location |
Ride-hailing services are booked via a mobile app platform.
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| domain | founded_year | HQ Location |
Ride-hailing services are facilitated via an online platform.
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| 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 Flywheel
Frequently Asked Questions about Flywheel
When was Flywheel founded?
Flywheel was founded in 2009.
Where is Flywheel located?
Flywheel is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Is Flywheel a funded company?
Flywheel is a funded company, having raised a total of $40.63M across 8 funding rounds to date.
What does Flywheel do?
Flywheel (formerly known as Cabulous) is an app-based marketplace for hailing taxis. Customers can hail, track and pay the taxi on the app (iOS and Android). It works with vetted and licensed taxi drivers taxi fleet operators. The company also provides end-to-end solutions for operators including in-vehicle hardware, app-based taximeters, driver information monitoring dispatch terminals, and credit card processing. Acquired by Cabconnect in Apr-2017.
What products or services does Flywheel offer?
Flywheel offers Ride App, Drive Features, Foods Delivery, and Business Solutions.
Who are Flywheel's investors?
Flywheel has 6 investors. Key investors include TCW, RockPort Capital, Shasta Ventures, Craton Equity Partners, and Sand Hill Angels.
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