About Funngro
Funngro is a company based in Mumbai (India) founded in 2021 by Payal Jain.. Funngro has raised $195.06 thousand across 2 funding rounds from investors including GirnarSOFT, SucSEED Indovation and Amit Jain. The company has 1 employees as of April 03, 2024. Funngro offers products and services including Teenlancer and Shelancer. Funngro operates in a competitive market with competitors including Greenlight, Cosmofeed, FamApp, Agenda Boa and Junio, among others.
- Headquarter Mumbai, India
- Employees 1 as on 03 Apr, 2024
- Founders Payal Jain
- 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
*********
- Legal Name Wishbanc Technologies Private Limited
- Date of Incorporation 29 May, 2021
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$195.06 K (USD)
in 2 rounds
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Latest Funding Round
$162.27 K (USD), Seed
Jun 07, 2023
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Investors
GirnarSOFT
& 4 more
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Employee Count
1
as on Apr 03, 2024
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Products & Services of Funngro
Funngro offers a comprehensive portfolio of products and services, including Teenlancer and Shelancer. 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.
Platform for teenagers to connect with companies for work opportunities.
Service enabling women to find and engage in job opportunities.
Funding Insights of Funngro
Funngro has successfully raised a total of $195.06K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $162.27 thousand completed in June 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 2
- Last Round Seed — $162,273
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First Round
First Round
(25 Mar 2023)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - Funngro | Valuation | SucSEED Indovation | |
| Mar, 2023 | Amount | Angel Round - Funngro | Valuation |
investors |
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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 Funngro
Funngro has secured backing from 5 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include GirnarSOFT, SucSEED Indovation and Amit Jain. 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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Investment in early to growth-stage tech startups across various sectors.
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Founded Year | Domain | Location | |
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Provider of website, web & mobile application development, BI, and digital marketing services
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Founded Year | Domain | Location | |
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AJ
Amit Jain |
CEO of CarDekho, prominent angel investor in Indian startups
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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.
|
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 Funngro
| 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 - Funngro
| 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 |
Funngro Comparisons
Competitors of Funngro
Funngro 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 Greenlight, Cosmofeed, FamApp, Agenda Boa and Junio, 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 |
App-based investment platform for kids and teens is operated.
|
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| domain | founded_year | HQ Location |
Platform offering a suite of products for creators and soloprenuers to monetize digital content
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| domain | founded_year | HQ Location |
FamApp by Trio is focused on financial inclusion for the next generation through UPI and card payment solutions.
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| domain | founded_year | HQ Location |
Online platform for freelancers to manage their projects and business
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| domain | founded_year | HQ Location |
Provider of a digital payment platform that offers a prepaid RuPay powered smartcard designed for students to manage their day-to-day online and offline expenses, track spending, and earn rewards
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| domain | founded_year | HQ Location |
Cloud-based freelancer platform for business management
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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 Funngro
When was Funngro founded?
Funngro was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Funngro located?
Funngro is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Funngro a funded company?
Funngro is a funded company, having raised a total of $195.06K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $32.79K, raised on Mar 25, 2023.
How many employees does Funngro have?
As of Apr 03, 2024, the latest employee count at Funngro is 1.
What does Funngro do?
Funngro was founded in 2021 in Mumbai, India, as a platform linking teenagers with companies for paid freelancing projects. Assignments in content creation, social media management, app development, surveys, testing, and data tasks are facilitated. Income, experience, and certificates are earned by participants. A curated marketplace matches projects with teen talent, while digital task management, age compliance, and optional learning programs are incorporated for structured operations.
Who are the top competitors of Funngro?
Funngro's top competitors include FamApp, Greenlight and Cosmofeed.
What products or services does Funngro offer?
Funngro offers Teenlancer and Shelancer.
Who are Funngro's investors?
Funngro has 5 investors. Key investors include GirnarSOFT, SucSEED Indovation, Amit Jain, Namita Thapar, and Priti Rathi Gupta.
What is Funngro's valuation?
The valuation of Funngro is $1.51M as of Jun 2023.
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