About FreeUp
FreeUp is a company based in Bengaluru (India) founded in 2019 by Laxmee Pant. It operates as a Two-Sided Marketplace. 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 as of January 31, 2025. FreeUp offers products and services including Online Resale Platform. FreeUp operates in a competitive market with competitors including eBay, Carousell, Quikr, OLX and 58City, among others.
- Headquarter Bengaluru, India
- Employees 27 as on 31 Jan, 2025
- Founders Laxmee Pant
- Stage Minicorn
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Sectors
Retail
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
$137.22 K (USD)0as on Mar 31, 2023
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Net Profit
-$830.12 K (USD)-140597as on Mar 31, 2023
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EBITDA
-$829.17 K (USD)-140437as on Mar 31, 2023
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Total Equity Funding
$785.47 K (USD)
in 2 rounds
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Latest Funding Round
Not available
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Investors
Accel
& 2 more
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Employee Count
27
as on Jan 31, 2025
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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.
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 |
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Accel is recognized as a leading venture capital firm.
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Elevation Capital is focused on early-stage tech investments in India.
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Venture capital firm focused on early-stage investments
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Investor details for FreeUp
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by FreeUp
Investment portfolio details for FreeUp
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - FreeUp
Detailed financials for FreeUp
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Freeup Comparisons
Peer comparison for FreeUp
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of FreeUp
FreeUp 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 eBay, Carousell, Quikr, OLX and 58City, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category consumer products are sold via an online marketplace platform.
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Online marketplace platform offering multi-category second-hand products
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Online platform for second-hand listings and peer-to-peer transactions
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Second-hand multi-category products are listed on an online platform.
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Online second-hand listing platform offering multi-category products and services
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Detailed competitors of FreeUp
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on 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.
As of Jan 31, 2025, the latest employee count at FreeUp is 27.
Annual revenue of FreeUp is $137.22K as on Mar 31, 2023.
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.