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.
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 |
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 |
|---|---|---|---|---|
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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 |
Investments & Acquisitions by Fydo
Financial Statements - Fydo
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.
| 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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Latest news on Fydo
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. The company's 1st funding round was a Seed of $77.57K, raised on Dec 23, 2021.
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.