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
***********
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Phone
*********
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Website
*********
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Social
*********
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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
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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. 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.
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 Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(24 Jun 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series A - FreeUp | Valuation | Accel , Elevation Capital |
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| Jun, 2022 | Amount | Seed - FreeUp | 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 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. 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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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments
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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 FreeUp
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - FreeUp
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Freeup Comparisons
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. 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 |
Multi-category consumer products are sold via an online marketplace platform.
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| domain | founded_year | HQ Location |
Online marketplace platform offering multi-category second-hand products
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| domain | founded_year | HQ Location |
Online platform for second-hand listings and peer-to-peer transactions
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| domain | founded_year | HQ Location |
Second-hand multi-category products are listed on an online platform.
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| domain | founded_year | HQ Location |
Online second-hand listing platform offering multi-category products and services
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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 FreeUp
When was FreeUp founded?
FreeUp was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is FreeUp located?
FreeUp is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is FreeUp a funded company?
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 24, 2022.
How many employees does FreeUp have?
As of Jan 31, 2025, the latest employee count at FreeUp is 27.
What is the annual revenue of FreeUp?
Annual revenue of FreeUp is $137.22K as on Mar 31, 2023.
What does FreeUp do?
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.
What products or services does FreeUp offer?
FreeUp offers Online Resale Platform.
Who are FreeUp's investors?
FreeUp has 3 investors. Key investors include Accel, Orios Venture Partners, and Elevation Capital.
What is FreeUp's valuation?
The valuation of FreeUp is $13.51M as of Jun 2022.
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