About Fydo
Fydo is a Retail company based in Bhubaneswar (India) founded in 2020 by Satyajeet Patnayak. It operates as a deals for multi-category products from nearby shops are provided. Fydo has raised $254.52 thousand across 3 funding rounds from investors including India Accelerator, Pontaq and Karekeba Ventures. The company has 1 employees. Fydo was last valued at $1.19 million in December 2021. Its chief executive is Satyajeet Patnayak. Its website fydo.in draws about 12 thousand monthly visits. Its Indian entity Lfyd Services Private Limited reported revenue of ₹32.7 Lakh. Fydo offers products and services including FYDO App and Event Booking Platform. Its focus areas include Coupons and Deals, Deals, O2O and Horizontal. Its competitors include Magicpin, Little Internet, Groupon, NearBuy and DealsAndYou and 2 more; 6 of its 7 listed competitors have raised funding.
Company details
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.
- Annual Revenue₹32.7 Lakh
FY 2024 · +816% YoY
- Net Loss-₹27 Lakh
FY 2024 · -82% margin
- EBITDA-₹26.4 Lakh
FY 2024 · -80% margin
- Total Equity Funding$254.52K (USD)
in 3 rounds
- Latest Funding Round$150K (USD), Seed
Jan 2025
- InvestorsIndia Accelerator
& 34 more
- Employee Count1
Associated legal entities of Fydo
Fydo operates through Lfyd Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Lfyd Services Private Limited CIN U74999JH2020PTC015432 | Active | 29 Oct 2020 | Chaibasa, Jharkhand | ₹0.3 Cr | – | 2 | View details |
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.
Apps and channels of Fydo
Fydo publishes 4 mobile apps with over 110K+ downloads.
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 $254,525
- Total Rounds 3
- Last Round Seed — $150,000
- First Round $77,567
(Dec 2021)
- Investors Count 35
All 3 funding rounds of Fydo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2025 | $150,000 | Seed | – | – | |
| Dec 2024 | $26,958 | Angel Round | – | Sharath Dsouza | |
| Dec 2021 | $77,567 | Seed | $1.19M | Rajiv Mishra |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2021 | $1.19M | •••••••• |
Last known valuation $1.19M (Dec 2021). 35 investors in total: 8 institutional and 27 angel.
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. | 2017 | indiaaccelerator.co | Gurugram, India | |
Angel networks focused on startups | 2021 | jharkhandangels.com | Ranchi, India | |
Venture capital firm focused on micro investments | – | arloventures.tcc.mode | Gurugram, India | |
Venture capital fund focused on UK-India innovation corridor and technology transfer. | 2015 | pontaq.vc | London, United Kingdom | |
Startups in diverse technologies are incubated over two years. | – | icreate.org.in | Ahmedabad, India | |
Platform for mentoring, investing, and accelerating early-stage startups in India. | 2020 | karekeba.com | Patna, India | |
- | – | foreseestartupcatalyst.tcc.mode | - | |
SK Sanjeev Kumar | - | – | unknown_14607ef70ee542728 | - |
PK Prasannan Keshavan | - | – | unknown_3b74cceca1cf40e68 | - |
RM Rajiv Mishra | - | – | unknown_959edcd9e0794c0a9 | - |
Investor details for Fydo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Lfyd Services Private Limited (Fydo)
Lfyd Services Private Limited is the primary company behind Fydo. The board of Lfyd Services Private Limited currently have 2 directors; the longest-serving is Satyajeet Patnayak, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Satyajeet Patnayak DIN 08940084 | Director | 29 Oct 2020 | 5 yrs 11 mo | Lfyd Services Private Limited |
| Dharam Chand Patnaik DIN 08940085 | Director | 29 Oct 2020 | 5 yrs 11 mo | Lfyd Services Private Limited |
People of Fydo
1 people are tracked at Fydo (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Fydo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Fydo
Figures of Lfyd Services Private Limited, the primary company behind Fydo, for FY 2024. Revenue was ₹32.7 Lakh (+816% year on year). Net loss was -₹27 Lakh (-82% margin). EBITDA was -₹26.4 Lakh (-80% margin). Revenue has grown at a compounded annual rate of +75% over three years.
- ₹32.7 LakhRevenue · FY 2024 · +816% YoY
- -₹27 LakhNet loss · -82% margin
- -₹26.4 LakhEBITDA · -80% margin
- ₹28.6 LakhPaid-up capital
- +75%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Lfyd Services Private Limited are on its company page.
Detailed financial statements for Fydo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Fydo
4 dated milestones of Fydo across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Fydo is founded.
- Funding First funding round of $78K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $150K.
Competitors of Fydo
Fydo has 7 listed competitors in our database, 6 of them funded. They include Magicpin, Little Internet, Groupon, NearBuy and DealsAndYou, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| magicpin.com | 2015 | Gurugram, India | $104.41M | 843 | Offers a platform that rewards customers for visiting partner businesses. | |
| littleapp.in | 2015 | Bengaluru, India | $50M | 1 | Hyperlocal deals are aggregated via a mobile app platform. | |
| groupon.com | 2007 | Chicago, United States | – | 969 | Online marketplace offering deals on multi-category products and services | |
| nearbuy.com | 2011 | Gurugram, India | $20M | 2 | Deals and coupons from nearby merchants are aggregated online. | |
| dealsandyou.com | 2010 | Gurugram, India | $18.5M | 318 | Online shopping platform with local deals | |
| mydala.com | 2009 | Delhi, India | $10.8M | 8 | Online deals, discounts, and local services are offered to users. | |
| niffler.in | 2013 | Mumbai, India | $1.3M | – | Deals from local stores are provided through an app-based platform. |
Detailed competitors of Fydo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Fydo
The website of Fydo (fydo.in) receives about 12.1K visits a month.
- Monthly visits12.1K
▲ 527.5% vs previous month
Top companies in Deals, Rewards & Comparison Platforms
10 companies that operate in the same segment as Fydo (Deals, Rewards & Comparison Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cashback is provided on multi-category product purchases via mobile app. | 2012 | Denver, Colorado, United States | USD 97.58 M | USD 342.39 M | 942 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Online group-buying platform offering coupons for multi-category products and services | 2010 | Beijing, Beijing, China | USD 9.86 B | USD 47.13 B | 41,620 | |
Online platform for discovering and booking hotel accommodations at discounted prices | 2016 | San Francisco, California, United States | USD 226.3 M | – | – | |
Promotion-based circulars are digitized for retailers via an app-based solution. | 2006 | Toronto, Ontario, Canada | USD 78 M | – | 358 | |
Cashback is provided on multi-category products through an app-based platform. | 1997 | San Francisco, California, United States | – | USD 15.96 B | 29,330 | |
Cashback and coupon offers are provided for e-commerce shopping. | – | Gurugram, Haryana, India | USD 32.61 M | – | – | |
Honey is recognized for providing automatic coupons and deals online. | 2012 | Pasadena, California, United States | USD 9.8 M | – | – | |
Cashback is provided automatically through app on diverse purchases. | 2016 | Austin, Texas, United States | USD 87.36 M | – | 78 | |
Online platform offering rewards and cashback for multi-category products | 2014 | Singapore, Singapore, Singapore | USD 350 M | USD 98.96 M | 954 |
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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 2021.
Fydo has 1 employees.
The primary company behind Fydo, Lfyd Services Private Limited, reported revenue of ₹32.7 Lakh for FY 2024, up 816% year on year.
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.
Fydo operates through Lfyd Services Private Limited.