About FreQuip
FreQuip is a company based in Gurugram (India) founded in 2015.. FreQuip has raised $29.91 thousand across 1 funding round from investors including Venture Investments Holdings. FreQuip offers products and services including Furniture Rental, Appliance Rental, Bed Rental, Sofa Rental, and AC Rental. FreQuip operates in a competitive market with competitors including Cityfurnish, GuaRented, Voorent, Rentity and RentMacha, among others.
- Headquarter Gurugram, India
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Sectors
Consumer
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Phone
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Website
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Social
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- Legal Name Frequip Online Rental Solutions Private Limited
- Date of Incorporation 30 Apr, 2016
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$175.05 K (USD)1300.67as on Mar 31, 2022
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Net Profit
$3.1 K (USD)706.09as on Mar 31, 2022
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EBITDA
$-18.13 K (USD)-591.13as on Mar 31, 2022
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Total Equity Funding
$29.91 K (USD)
in 1 rounds
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Latest Funding Round
$29.91 K (USD), Seed
Oct 13, 2016
- Investors
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Employee Count
Employee Count
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Products & Services of FreQuip
FreQuip offers a comprehensive portfolio of products and services, including Furniture Rental, Appliance Rental, Bed Rental, Sofa Rental, and AC Rental. 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.
Service for renting beds, sofas, and tables online
Renting of AC, TV, and refrigerators for homes
Online rental of various bed types for comfort
Renting trendy sofas for living spaces
Service for renting air conditioners seasonally
Funding Insights of FreQuip
FreQuip has successfully raised a total of $29.91K through 1 strategic funding round. The most recent funding activity was a Seed round of $29.91 thousand completed in October 2016. 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 1
- Last Round Seed — $29,911
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First Round
First Round
(13 Oct 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Seed - FreQuip | Valuation | Venture Investments Holdings |
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| 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 FreQuip
FreQuip has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Venture Investments Holdings. 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 investments are targeted by the venture capital firm.
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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 FreQuip
| 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 - FreQuip
| 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 |
Frequip Comparisons
Competitors of FreQuip
FreQuip 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 Cityfurnish, GuaRented, Voorent, Rentity and RentMacha, 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 home improvement products are rented via an online platform.
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| domain | founded_year | HQ Location |
Online service provider for rental products
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| domain | founded_year | HQ Location |
Multi-category home improvement products are rented via an online platform.
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| domain | founded_year | HQ Location |
Luxury home improvement and electronics products are rented online.
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| domain | founded_year | HQ Location |
Furniture and appliances are rented online in Mumbai.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Frequip
Frequently Asked Questions about FreQuip
When was FreQuip founded?
FreQuip was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is FreQuip located?
FreQuip is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is FreQuip a funded company?
FreQuip is a funded company, having raised a total of $29.91K across 1 funding round to date. The company's 1st funding round was a Seed of $29.91K, raised on Oct 13, 2016.
What is the annual revenue of FreQuip?
Annual revenue of FreQuip is $175.05K as on Mar 31, 2022.
What does FreQuip do?
FreQuip was founded in 2015 as an online platform for renting furniture and appliances in Gurugram, India. Rentals are structured for a minimum of six months, with package options tailored to 1 BHK, 2 BHK, and 3 BHK residences. A refundable security deposit is applied based on furnishing types, while delivery and installation fees are added separately. Operations remain focused on the local market as of late 2015.
Who are the top competitors of FreQuip?
FreQuip's top competitors include Cityfurnish, GuaRented and Voorent.
What products or services does FreQuip offer?
FreQuip offers Furniture Rental, Appliance Rental, Bed Rental, Sofa Rental, and AC Rental.
Who are FreQuip's investors?
FreQuip has 1 investor. Key investors include Venture Investments Holdings.
What is FreQuip's valuation?
The valuation of FreQuip is $299.43K as of Oct 2016.