About Fydo
Fydo is a company based in Bhubaneswar (India) founded in 2020 by Satyajeet Patnayak.. Fydo has raised $254.52 thousand across 3 funding rounds from investors including India Accelerator, Pontaq and Karekeba Ventures. The company has 1 employees as of March 31, 2024. Fydo offers products and services including FYDO App and Event Booking Platform. Fydo operates in a competitive market with competitors including Magicpin, Little Internet, Groupon, NearBuy and DealsAndYou, among others.
- Headquarter Bhubaneswar, India
- Employees 1 as on 31 Mar, 2024
- Founders Satyajeet Patnayak
- 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
*********
- Legal Name Lfyd Services Private Limited
- Date of Incorporation 29 Oct, 2020
- Jurisdiction Chaibasa, Jharkhand, India
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Annual Revenue
$28.27 K (USD)279.83as on Mar 31, 2022
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Net Profit
$-14.91 K (USD)-1918.42as on Mar 31, 2022
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EBITDA
$-12.22 K (USD)-2624.27as on Mar 31, 2022
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Total Equity Funding
$254.52 K (USD)
in 3 rounds
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Latest Funding Round
$150 K (USD), Seed
Jan 01, 2025
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Investors
India Accelerator
& 34 more
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Employee Count
1
as on Mar 31, 2024
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Products & Services of Fydo
Fydo offers a comprehensive portfolio of products and services, including FYDO App and Event Booking 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.
App for discovering and accessing hyperlocal deals and discounts.
Platform for easy event booking and management services.
Funding Insights of Fydo
Fydo has successfully raised a total of $254.52K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $150 thousand completed in January 2025. 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 3
- Last Round Seed — $150,000
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First Round
First Round
(23 Dec 2021)
- Investors Count 35
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Seed - Fydo | Valuation |
investors |
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| Dec, 2024 | Amount | Angel Round - Fydo | Valuation | Sharath Dsouza | |
| Dec, 2021 | Amount | Seed - Fydo | Valuation | Rajiv Mishra |
| 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 Fydo
Fydo has secured backing from 35 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include India Accelerator, Pontaq and Karekeba Ventures. 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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Startup acceleration, funding, and mentorship services are delivered by India Accelerator.
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Founded Year | Domain | Location | |
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Angel networks focused on startups
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Founded Year | Domain | Location | |
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Venture capital firm focused on micro 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 Fydo
| 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 - Fydo
| 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 |
Fydo Comparisons
Competitors of Fydo
Fydo 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 Magicpin, Little Internet, Groupon, NearBuy and DealsAndYou, 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 |
Offers a platform that rewards customers for visiting partner businesses.
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| domain | founded_year | HQ Location |
Hyperlocal deals are aggregated via a mobile app platform.
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| domain | founded_year | HQ Location |
Online marketplace offering deals on multi-category products and services
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| domain | founded_year | HQ Location |
Deals and coupons from nearby merchants are aggregated online.
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| domain | founded_year | HQ Location |
Online shopping platform with local deals
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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 Fydo
When was Fydo founded?
Fydo was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Fydo located?
Fydo is headquartered in Bhubaneswar, India. It is registered at Bhubaneswar, Odisha, India.
Who is the current CEO of Fydo?
Satyajeet Patnayak is the current CEO of Fydo. They have also founded this company.
Is Fydo a funded company?
Fydo is a funded company, having raised a total of $254.52K across 3 funding rounds to date. The company's 1st funding round was a Seed of $77.57K, raised on Dec 23, 2021.
How many employees does Fydo have?
As of Mar 31, 2024, the latest employee count at Fydo is 1.
What is the annual revenue of Fydo?
Annual revenue of Fydo is $28.27K as on Mar 31, 2022.
What does Fydo do?
Fydo was founded in 2020 in Bhubaneswar, India, as a platform focused on local retail deals. Multi-category products, including fashion, cosmetics, groceries, stationery, baby care, home items, pet care, and travel essentials, are featured from nearby shops. Real-time updates on discounts and sales are delivered through mobile applications available on iOS and Android. Operations center on connecting users with local vendors in the e-commerce sector.
Who are the top competitors of Fydo?
Fydo's top competitors include Groupon, NearBuy and Little Internet.
What products or services does Fydo offer?
Fydo offers FYDO App and Event Booking Platform.
Who are Fydo's investors?
Fydo has 35 investors. Key investors include India Accelerator, Pontaq, Karekeba Ventures, Jharkhand Angels, and Foresee Startup Catalyst.
What is Fydo's valuation?
The valuation of Fydo is $1.19M as of Dec 2021.