About Fynd
Fynd is a company based in Mumbai (India) founded in 2012 by Farooq Adam and Sreeraman Mohan Girija was acquired by Reliance Industries in August 2019.. Fynd has raised $16.02 million across 5 funding rounds from investors including Google, IIFL Finance and FundersClub. The company has 851 employees as of April 03, 2024. Fynd operates in a competitive market with competitors including Flipkart, Myntra, Snapdeal, Etsy and Nykaa, among others.
- Headquarter Mumbai, India
- Employees 851 as on 03 Apr, 2024
- Founders Farooq Adam, Sreeraman Mohan Girija
- Stage Minicorn
-
Sectors
Retail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Shopsense Retail Technologies Limited
- Date of Incorporation 27 Sep, 2012
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$43.86 M (USD)200.1as on Mar 31, 2023
-
Net Profit
$305.39 K (USD)1072.62as on Mar 31, 2023
-
EBITDA
$822 K (USD)2273as on Mar 31, 2023
-
Total Equity Funding
$16.02 M (USD)
in 5 rounds
-
Latest Funding Round
$9.13 M (USD), Series C
Mar 29, 2018
-
Investors
Google
& 85 more
-
Employee Count
851
as on Apr 03, 2024
-
Acquired by
Reliance Industries
(Aug 02, 2019)
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
Funding Insights of Fynd
Fynd has successfully raised a total of $16.02M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $9.13 million completed in March 2018. 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 5
- Last Round Series C — $9.1M
-
First Round
First Round
(01 Jul 2013)
- Investors Count 85
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Series C - Fynd | Valuation | ||
| Nov, 2016 | Amount | Series B - Fynd | Valuation | IIFL Finance | |
| Nov, 2015 | Amount | Series A - Fynd | Valuation | Kae Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fynd
Fynd has secured backing from 86 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Google, IIFL Finance and FundersClub. 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 |
|---|---|---|---|---|
|
Early-stage investing in tech startups in India.
|
Founded Year | Domain | Location | |
|
Early-stage investment and support for technology companies.
|
Founded Year | Domain | Location | |
|
Seed & early stage focused VC firm investing in the US, India & China
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Fynd
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Fynd
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fynd Comparisons
Competitors of Fynd
Fynd 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 Flipkart, Myntra, Snapdeal, Etsy and Nykaa, 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 |
Multi-category consumer products are offered via an online marketplace platform.
|
|
| domain | founded_year | HQ Location |
Fashion and lifestyle products are offered via an online marketplace.
|
|
| domain | founded_year | HQ Location |
Discounted products across multiple categories are sold online.
|
|
| domain | founded_year | HQ Location |
Online marketplace offering multi-category products from independent designers
|
|
| domain | founded_year | HQ Location |
Cosmetics, skincare, haircare, and wellness products are retailed online.
|
|
| domain | founded_year | HQ Location |
Multi-category products are offered through an online marketplace.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Fynd
Frequently Asked Questions about Fynd
When was Fynd founded?
Fynd was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Fynd located?
Fynd is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Fynd a funded company?
Fynd is a funded company, having raised a total of $16.02M across 5 funding rounds to date. The company's 1st funding round was a Series A of $1.68M, raised on Jul 01, 2013.
How many employees does Fynd have?
As of Apr 03, 2024, the latest employee count at Fynd is 851.
What is the annual revenue of Fynd?
Annual revenue of Fynd is $43.86M as on Mar 31, 2023.
What does Fynd do?
Platform powering online and in-store retail operations using AI-driven tools. It enables brands to build and manage ecommerce sites, mobile apps, and physical store experiences from a single interface. The platform supports catalog management, personalized marketing, order fulfillment, logistics, analytics, and immersive features like AR try-ons.
Who are Fynd's investors?
Fynd has 86 investors. Key investors include Google, IIFL Finance, FundersClub, Venture Catalysts, and Kae Capital.
What is Fynd's valuation?
The valuation of Fynd is $38.43M as of Mar 2018.