About FOXY
FOXY is a company based in Delhi (India) founded in 2005 by Chandranshu Sinha, Sachin Singhal, and Nikhil Gilani.. FOXY has raised $2.59 million across 2 funding rounds from investors including Google and Lightspeed India. The company has 27 employees as of September 13, 2024. FOXY operates in a competitive market with competitors including Nykaa, Purplle, Sabnatural, Leeford and GlowFit, among others.
- Headquarter Delhi, India
- Employees 27 as on 13 Sep, 2024
- Founders Chandranshu Sinha, Sachin Singhal, Nikhil Gilani
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ekanek Networks Private Limited
- Date of Incorporation 25 Oct, 2018
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$4.66 M (USD)260.64as on Mar 31, 2023
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Net Profit
$-3.37 M (USD)-8.42as on Mar 31, 2023
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EBITDA
$-3.4 M (USD)-7.14as on Mar 31, 2023
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Total Equity Funding
$2.59 M (USD)
in 2 rounds
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Latest Funding Round
$2.59 M (USD), Seed
May 23, 2024
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Investors
Google
& 1 more
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Employee Count
27
as on Sep 13, 2024
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Funding Insights of FOXY
FOXY has successfully raised a total of $2.59M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.59 million completed in May 2024. 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 Seed — $2.6M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Seed - FOXY | Valuation |
investors |
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| Sep, 2020 | Amount | Grant - FOXY | 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 FOXY
FOXY has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Google and Lightspeed India. 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 investing in innovative startups across technology sectors.
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Founded Year | Domain | Location | |
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A technology company offering products and services, including search engine, cloud computing, advertising, email, productivity software, and more
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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 FOXY
| 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 - FOXY
| 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 |
Foxy Comparisons
Competitors of FOXY
FOXY 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 Nykaa, Purplle, Sabnatural, Leeford and GlowFit, 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 |
Cosmetics, skincare, haircare, and wellness products are retailed online.
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| domain | founded_year | HQ Location |
Beauty and cosmetic products are retailed through an online platform.
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| domain | founded_year | HQ Location |
Online retailer offering skincare, beauty, and waxing products from trusted brands.
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| domain | founded_year | HQ Location |
Offers an online platform for a range of personal care products.
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| domain | founded_year | HQ Location |
Multi-category beauty care products are retailed online by GlowFit.
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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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Frequently Asked Questions about FOXY
When was FOXY founded?
FOXY was founded in 2005 and raised its 1st funding round 15 years after it was founded.
Where is FOXY located?
FOXY is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is FOXY a funded company?
FOXY is a funded company, having raised a total of $2.59M across 2 funding rounds to date.
How many employees does FOXY have?
As of Sep 13, 2024, the latest employee count at FOXY is 27.
What is the annual revenue of FOXY?
Annual revenue of FOXY is $4.66M as on Mar 31, 2023.
What does FOXY do?
FOXY was founded in 2005 in Delhi, India, as an online platform focused on the beauty sector. Personalized recommendations for products in skincare, makeup, haircare, and related categories are provided to users. Expert videos on beauty topics are accessible, with the service delivered through an Android app. Operations center on product discovery tailored to individual preferences in the Indian market.
Who are FOXY's investors?
FOXY has 2 investors. Key investors include Google, and Lightspeed India.