About FreeStand
FreeStand is a company based in Delhi (India) founded in 2017 by Kavach Chandra, Konark Sharma, and Sneh Soni.. FreeStand has raised $605.24 thousand across 5 funding rounds from investors including Google, Venture Catalysts and Z Nation Lab. FreeStand offers products and services including FreeStand Platform and FreeStand AI. FreeStand operates in a competitive market with competitors including BugHerd, Zeplin, Sampler, Dovetailed Technologies and Segwise, among others.
- Headquarter Delhi, India
- Founders Kavach Chandra, Konark Sharma, Sneh Soni
- Stage Minicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Free Stand Sampling Solutions Private Limited
- Date of Incorporation 07 Jun, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$14.76 K (USD)127.9as on Mar 31, 2020
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Net Profit
$-14.14 K (USD)-418.57as on Mar 31, 2020
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EBITDA
$-13.06 K (USD)-563.4as on Mar 31, 2020
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Total Equity Funding
$605.24 K (USD)
in 5 rounds
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Latest Funding Round
$400 K (USD), Seed
Jul 07, 2023
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Investors
Google
& 14 more
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Employee Count
Employee Count
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Products & Services of FreeStand
FreeStand offers a comprehensive portfolio of products and services, including FreeStand Platform and FreeStand AI. 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.
Digital tool for planning and executing FMCG sampling campaigns effectively.
AI-driven optimization for targeted product sampling strategies and analytics.
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Funding Insights of FreeStand
FreeStand has successfully raised a total of $605.24K across 5 strategic funding rounds. The most recent funding activity was a Seed round of $400 thousand completed in July 2023. 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 5
- Last Round Seed — $400,000
- First Round First Round
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Seed - FreeStand | Valuation | Venture Catalysts , Nocking Point Advisors | |
| Dec, 2022 | Amount | Angel Round - FreeStand | Valuation | Krishna Nehra , Mamta Nehra |
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| Oct, 2022 | Amount | Grant - FreeStand | 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 FreeStand
FreeStand has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Google, Venture Catalysts and Z Nation Lab. 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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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Founded Year | Domain | Location | |
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Incubation and acceleration services for startups in innovation and regional development.
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Founded Year | Domain | Location | |
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Investment in early to growth-stage tech startups across various sectors.
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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 FreeStand
| 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 - FreeStand
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Freestand Comparisons
Competitors of FreeStand
FreeStand 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 BugHerd, Zeplin, Sampler, Dovetailed Technologies and Segwise, 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 |
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| domain | founded_year | HQ Location |
Bug tracking and user feedback platform for websites is offered.
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Collaboration is enabled between UI designers and frontend developers.
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Provider of SaaS-based retail sampling solutions
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| domain | founded_year | HQ Location |
An AI-powered customer insights hub for product development is provided.
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| domain | founded_year | HQ Location |
AI-powered creative analytics and campaign monitoring tools are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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 Freestand
Frequently Asked Questions about FreeStand
When was FreeStand founded?
FreeStand was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is FreeStand located?
FreeStand is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of FreeStand?
Konark Sharma is the current CEO of FreeStand. They have also founded this company.
Is FreeStand a funded company?
FreeStand is a funded company, having raised a total of $605.24K across 5 funding rounds to date.
What is the annual revenue of FreeStand?
Annual revenue of FreeStand is $14.76K as on Mar 31, 2020.
What does FreeStand do?
FreeStand was founded in 2017 in Delhi, India, as a provider of a digital platform focused on product sampling for fast-moving consumer goods brands. Campaigns are planned, executed, monitored, and audited through the platform, which facilitates strategic sample distribution across digital, event, retail, e-commerce, and promoter channels. Coverage spans the marketing funnel from awareness to conversion, supporting targeted consumer engagement in the FMCG sector.
Who are the top competitors of FreeStand?
FreeStand's top competitors include Dovetailed Technologies, SoPost and Segwise.
What products or services does FreeStand offer?
FreeStand offers FreeStand Platform and FreeStand AI.
Who are FreeStand's investors?
FreeStand has 15 investors. Key investors include Google, Venture Catalysts, Z Nation Lab, Faad Capital, and SucSEED Indovation.
What is FreeStand's valuation?
The valuation of FreeStand is $1.79M as of Dec 2022.