About GCI Network
GCI Network is a company based in Mumbai (India) founded in 2010 by Cory York and Firoz Khan was acquired by Swych in May 2018.. GCI Network has raised $225.91 thousand across 1 funding round from investors including GoSwych, Rajan Anandan and Hemant Kanakia. The company has 6 employees as of April 04, 2024.
- Headquarter Mumbai, India
- Employees 6 as on 04 Apr, 2024
- Founders Cory York, Firoz Khan
- 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 Gci Network Private Limited
- Date of Incorporation 25 Apr, 2011
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$5.3 M (USD)-85.21as on Mar 31, 2021
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Net Profit
$-164.93 K (USD)-135.88as on Mar 31, 2021
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EBITDA
$-193.32 K (USD)-1781.58as on Mar 31, 2021
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Total Equity Funding
$225.91 K (USD)
in 1 rounds
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Latest Funding Round
$225.91 K (USD), Seed
Dec 12, 2014
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Investors
GoSwych
& 2 more
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Employee Count
6
as on Apr 04, 2024
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Acquired by
Swych
(May 08, 2018)
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Funding Insights of GCI Network
GCI Network has successfully raised a total of $225.91K through 1 strategic funding round. The most recent funding activity was a Seed round of $225.91 thousand completed in December 2014. 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 1
- Last Round Seed — $225,909
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First Round
First Round
(12 Dec 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2014 | Amount | Seed - GCI Network | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GCI Network
GCI Network has secured backing from 3 investors, including angel investors. Prominent investors backing the company include GoSwych, Rajan Anandan and Hemant Kanakia. 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 |
|---|---|---|---|---|
|
RA
Rajan Anandan |
Managing Director at Peak XV, ex-Google India head, prolific angel investor
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Founded Year | Domain | Location |
|
HK
Hemant Kanakia |
Indian angel investor, founder of Kanakia Group, focuses on tech startups
|
Founded Year | Domain | Location |
|
Online retailer of gift cards and wallet to store them
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by GCI Network
| 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 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - GCI Network
| 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 |
Gci Network Comparisons
Competitors of GCI Network
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
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| 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.
|
Frequently Asked Questions about GCI Network
When was GCI Network founded?
GCI Network was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is GCI Network located?
GCI Network is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is GCI Network a funded company?
GCI Network is a funded company, having raised a total of $225.91K across 1 funding round to date. The company's 1st funding round was a Seed of $225.91K, raised on Dec 12, 2014.
How many employees does GCI Network have?
As of Apr 04, 2024, the latest employee count at GCI Network is 6.
What is the annual revenue of GCI Network?
Annual revenue of GCI Network is $5.3M as on Mar 31, 2021.
What does GCI Network do?
Founded in 2010 and based in Mumbai, India, GCI Network operates as a prepaid gift card platform in the retail sector. Partnerships are maintained with online and offline retailers to provide cards across categories including apparel, electronics, department stores, restaurants, and hotels. Notable collaborations include Shoppers Stop, Lifestyle, Reliance, Big Bazaar, Titan, KFC, Book My Show, Amazon India, and Dominos Pizza. The network facilitates omnichannel access for consumers.
Who are GCI Network's investors?
GCI Network has 3 investors. Key investors include GoSwych, Rajan Anandan, and Hemant Kanakia.
What is GCI Network's valuation?
The valuation of GCI Network is $2.93M as of Dec 2014.