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
-
Sectors
Retail
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Lfyd Services Private Limited
- Date of Incorporation 29 Oct, 2020
- Jurisdiction Chaibasa, Jharkhand, India
-
Annual Revenue
$28.27 K (USD)279.83as on Mar 31, 2022
-
Net Profit
-$14.91 K (USD)-1918.42as on Mar 31, 2022
-
EBITDA
-$12.22 K (USD)-2624.27as on Mar 31, 2022
-
Total Equity Funding
$254.52 K (USD)
in 3 rounds
-
Latest Funding Round
$150 K (USD), Seed
Jan 01, 2025
-
Investors
India Accelerator
& 34 more
-
Employee Count
1
as on Mar 31, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Fydo
Fydo offers a comprehensive portfolio of products and services, including FYDO App and Event Booking Platform.
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.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Startup acceleration, funding, and mentorship services are delivered by India Accelerator.
|
Locked | Locked | Locked | |
|
Angel networks focused on startups
|
Locked | Locked | Locked | |
|
Venture capital firm focused on micro investments
|
Locked | Locked | Locked |
Investor details for Fydo
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Fydo
Investment portfolio details for Fydo
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Fydo
Detailed financials for Fydo
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.
Fydo Comparisons
Peer comparison for Fydo
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Offers a platform that rewards customers for visiting partner businesses.
|
|
| Locked | Locked | Locked |
Hyperlocal deals are aggregated via a mobile app platform.
|
|
| Locked | Locked | Locked |
Online marketplace offering deals on multi-category products and services
|
|
| Locked | Locked | Locked |
Deals and coupons from nearby merchants are aggregated online.
|
|
| Locked | Locked | Locked |
Online shopping platform with local deals
|
Detailed competitors of Fydo
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Fydo
Complete news archive for Fydo
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Fydo
Fydo was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Fydo is headquartered in Bhubaneswar, India. It is registered at Bhubaneswar, Odisha, India.
Satyajeet Patnayak is the current CEO of Fydo. They have also founded this company.
Fydo is a funded company, having raised a total of $254.52K across 3 funding rounds to date.
As of Mar 31, 2024, the latest employee count at Fydo is 1.
Annual revenue of Fydo is $28.27K as on Mar 31, 2022.
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.
Fydo's top competitors include Groupon, NearBuy and Little Internet.
Fydo offers FYDO App and Event Booking Platform.
Fydo has 35 investors. Key investors include India Accelerator, Pontaq, Karekeba Ventures, Jharkhand Angels, and Foresee Startup Catalyst.
The valuation of Fydo is $1.19M as of Dec 2021.