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
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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 Shopsense Retail Technologies Limited
- Date of Incorporation 27 Sep, 2012
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$43.86 M (USD)200.1as on Mar 31, 2023
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Net Profit
$305.39 K (USD)1072.62as on Mar 31, 2023
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EBITDA
$822 K (USD)2273as on Mar 31, 2023
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Total Equity Funding
$16.02 M (USD)
in 5 rounds
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Latest Funding Round
$9.13 M (USD), Series C
Mar 29, 2018
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Investors
Google
& 85 more
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Employee Count
851
as on Apr 03, 2024
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Acquired by
Reliance Industries
(Aug 02, 2019)
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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
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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 |
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investing in tech startups in India.
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Founded Year | Domain | Location | |
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Early-stage investment and support for technology companies.
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Founded Year | Domain | Location | |
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Seed & early stage focused VC firm investing in the US, India & China
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Founded Year | Domain | Location |
Investments & Acquisitions by Fynd
Financial Statements - Fynd
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category consumer products are offered via an online marketplace platform.
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| domain | founded_year | HQ Location |
Fashion and lifestyle products are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Discounted products across multiple categories are sold online.
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| domain | founded_year | HQ Location |
Online marketplace offering multi-category products from independent designers
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| domain | founded_year | HQ Location |
Cosmetics, skincare, haircare, and wellness products are retailed online.
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|
| domain | founded_year | HQ Location |
Multi-category products are offered through an online marketplace.
|
Frequently Asked Questions about Fynd
Fynd was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Fynd is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
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.
As of Apr 03, 2024, the latest employee count at Fynd is 851.
Annual revenue of Fynd is $43.86M as on Mar 31, 2023.
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.
Fynd has 86 investors. Key investors include Google, IIFL Finance, FundersClub, Venture Catalysts, and Kae Capital.
The valuation of Fynd is $38.43M as of Mar 2018.