About FreeUp
FreeUp is a Retail company based in Bengaluru (India) founded in 2019 by Laxmee Pant. Multi-category second-hand products are offered via an app-based marketplace. It operates on a Two-Sided Marketplace model. FreeUp has raised $785.47 thousand across 2 funding rounds from investors including Accel, Orios Venture Partners and Elevation Capital. The company has 27 employees. FreeUp was last valued at $13.51 million in June 2022. Its website freeup.app draws about 343 thousand monthly visits. FreeUp offers products and services including Online Resale Platform. Its focus areas include Technology, E-commerce and Online Marketplaces. Its legal entity in India is Freeup Technologies Private Limited (U74999KA2016PTC094027). Its competitors include Quikr, OLX and Elanic; 3 of its 3 listed competitors have raised funding.
Company details
A digital marketplace is provided by FreeUp for buying and selling pre-owned items such as clothing, beauty products, and home goods. Operations are focused on connecting sellers and buyers across India, with popular brands offered at discounted prices. Solutions include a user-friendly app and website to facilitate transactions in the resale sector.
- Headquarters Bengaluru, India
- Employees 27
- Founders Laxmee Pant
- Stage Minicorn
- SectorsRetail
- Website category Jobs and Career · Jobs and Employment
- Email••••••••
- Phone•••• ••••
- Website freeup.app
- Social LinkedIn Facebook Instagram
- Legal Name Freeup Technologies Private Limited
- Date of Incorporation 10 Jun, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹6,286
FY 2024 · -100% YoY
- Net Loss-₹3,971
FY 2024 · -63% margin
- EBITDA-₹3,971
FY 2024 · -63% margin
- Total Equity Funding$785.47K (USD)
in 2 rounds
- InvestorsAccel
& 2 more
- Employee Count27
Associated legal entities of FreeUp
FreeUp is associated with 2 registered companies on The Company Check; the primary company is Freeup Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Freeup Technologies Private Limited CIN U74999KA2016PTC094027 | Under Process Of Striking Off | 10 Jun 2016 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details | |
| Selsom Technologies Private Limited CIN U72900KA2021PTC154938 | Active | 29 Nov 2021 | Bangalore, Karnataka | ₹5.9 Cr | 107 | 2 | View details |
Products & Services of FreeUp
FreeUp offers a comprehensive portfolio of products and services, including Online Resale Platform.
A platform for buying and selling used items.
Funding Insights of FreeUp
FreeUp has successfully raised a total of $785.47K 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 $785,468
- Total Rounds 2
- First Round $785,468
(Jun 2022)
- Investors Count 3
All 2 funding rounds of FreeUp 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 |
|---|---|---|---|---|---|
| Jan 2023 | Series A | – | Accel, Elevation Capital | – | |
| Jun 2022 | $785,468 | Seed | $13.51M | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $13.51M | •••••••• |
Last known valuation $13.51M (Jun 2022). 3 investors in total: 3 institutional.
Investors in FreeUp
FreeUp has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Accel, Orios Venture Partners and Elevation Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
Venture capital firm focused on early-stage investments | 2013 | oriosvp.com | Mumbai, India |
Investor details for FreeUp
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 Freeup Technologies Private Limited (FreeUp)
Freeup Technologies Private Limited is the primary company behind FreeUp. The boards of the 2 registered companies of FreeUp currently have 4 directors; the longest-serving is Laxmee Pant, appointed in 2021. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Laxmee Pant DIN 09068053 | Director | 15 Mar 2021 | 5 yrs 7 mo | Freeup Technologies Private Limited |
| Goyal Nareshkumar DIN 05265836 | Director | 31 Jul 2023 | 3 yrs 3 mo | Freeup Technologies Private Limited |
| Arfath Ahmed DIN 10753820 | Director | 28 Aug 2024 | 2 yrs 2 mo | Selsom Technologies Private Limited |
| Harsh Shah Deepak DIN 03553671 | Director | 27 Jan 2025 | 1 yr 9 mo | Selsom Technologies Private Limited |
People of FreeUp
1 people are tracked at FreeUp (1 in leadership); the tracked headcount is 27.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for FreeUp
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of FreeUp
Figures of Freeup Technologies Private Limited, the primary company behind FreeUp, for FY 2024. Revenue was ₹6,286 (-100% year on year). Net loss was -₹3,971 (-63% margin). EBITDA was -₹3,971 (-63% margin). Revenue has grown at a compounded annual rate of -70% over three years and -50% over five years.
- ₹6,286Revenue · FY 2024 · -100% YoY
- -₹3,971Net loss · -63% margin
- -₹3,971EBITDA · -63% margin
- ₹1.2 LakhPaid-up capital
- -70%Revenue CAGR, 3 years
- -50%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Freeup Technologies Private Limited are on its company page.
Detailed financial statements for FreeUp
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 FreeUp
4 dated milestones of FreeUp across 4 years, from founding to its latest funding, stage changes and deals.
- Founded FreeUp is founded.
- Funding First funding round of $785K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A,.
Competitors of FreeUp
FreeUp has 3 listed competitors in our database, 3 of them funded. They include Quikr, OLX and Elanic.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| quikr.com | 2008 | Bengaluru, India | $369.64M | 136 | Online platform for second-hand listings and peer-to-peer transactions | |
| olx.in | 2005 | Gurugram, India | $13.7M | 217 | Second-hand multi-category products are listed on an online platform. | |
| elanic.in | 2014 | Bengaluru, India | $1.89M | 11 | Mobile based P2P marketplace to buy and sell fashion products |
Detailed competitors of FreeUp
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.
Web traffic of FreeUp
The website of FreeUp (freeup.app) receives about 343.1K visits a month and ranks #146,945 among all websites worldwide, #2,017 in Jobs and Employment.
- Monthly visits343.1K
▲ 7.3% vs previous month
- Unique visitors193.2K
per month
- Global rank#146,945
among all websites
- Category rank#2,017
Jobs and Career · Jobs and Employment
- Bounce rate33%
- Pages per visit2.3
- Average visit35 sec
- DevicesDesktop 15% · Mobile 85%
Websites whose visitors overlap most with FreeUp. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| myntra.com | 100% | 113.8M | #236 | View details | |
| olx.in | 98% | 34.8M | #922 | View details | |
| hotstar.com | 94% | 176.9M | #245 | View details | |
| linkedin.com | 94% | 1.9B | #18 | View details | |
| facebook.com | 92% | 12.1B | #3 | View details |
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as FreeUp (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 639.15 M | 1,031 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 144.58 M | USD 32.66 M | 711 |
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Related news about Freeup
Complete news archive for FreeUp
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Frequently Asked Questions about FreeUp
FreeUp was founded in 2019 and raised its 1st funding round 3 years after it was founded.
FreeUp is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
FreeUp is a funded company, having raised a total of $785.47K across 2 funding rounds to date. The company's 1st funding round was a Seed of $785.47K, raised on Jun 2022.
FreeUp has 27 employees.
The primary company behind FreeUp, Freeup Technologies Private Limited, reported revenue of ₹6,286 for FY 2024, down 100% year on year.
A digital marketplace is provided by FreeUp for buying and selling pre-owned items such as clothing, beauty products, and home goods. Operations are focused on connecting sellers and buyers across India, with popular brands offered at discounted prices. Solutions include a user-friendly app and website to facilitate transactions in the resale sector.
FreeUp offers Online Resale Platform.
FreeUp has 3 investors. Key investors include Accel, Orios Venture Partners, and Elevation Capital.
The valuation of FreeUp is $13.51M as of Jun 2022.
FreeUp is associated with 2 legal entities: Freeup Technologies Private Limited, Selsom Technologies Private Limited.
The legal entities of FreeUp currently have 4 directors, including Laxmee Pant, Goyal Nareshkumar, Harsh Shah Deepak and others.