About Getbike
Getbike is a company based in Hyderabad (India) founded in 2016 was acquired by Rapido in May 2018.. Getbike has raised $100 thousand across 1 funding round from investors including Rapido and Vamshi Reddy. Getbike operates in a competitive market with competitors including Rapido, Bikxie, Haye, Hitch Biker and RunningRiders, among others.
- Headquarter Hyderabad, India
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$4.36 K (USD)-81as on Mar 31, 2019
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Net Profit
$-464 (USD)52as on Mar 31, 2019
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EBITDA
$43.66 (USD)105as on Mar 31, 2019
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Total Equity Funding
$100 K (USD)
in 1 rounds
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Latest Funding Round
$100 K (USD), Angel Round
Dec 21, 2016
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Investors
Rapido
& 1 more
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Employee Count
Employee Count
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Acquired by
Rapido
(May 23, 2018)
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Funding Insights of Getbike
Getbike has successfully raised a total of $100K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $100 thousand completed in December 2016. 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 Angel Round — $100,000
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First Round
First Round
(21 Dec 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2016 | Amount | Angel Round - Getbike | 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 Getbike
Getbike has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Rapido and Vamshi Reddy. 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 |
|---|---|---|---|---|
|
VR
Vamshi Reddy |
Angel investor and entrepreneur, co-founder of Apna, focusing on HR tech
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Founded Year | Domain | Location |
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Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions
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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
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Getbike
| 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 - Getbike
| 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 |
Getbike Comparisons
Competitors of Getbike
Getbike 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 Rapido, Bikxie, Haye, Hitch Biker and RunningRiders, 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 |
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions
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| domain | founded_year | HQ Location |
Bike taxis are booked via a mobile application in Gurugram.
|
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| domain | founded_year | HQ Location |
Functions as an app-based aggregator for bike ride-hailing services.
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| domain | founded_year | HQ Location |
App-based platform for book taxi or bike services
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| domain | founded_year | HQ Location |
Two-wheeler pooling is enabled via an online platform for commuters.
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| 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
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Getbike
Frequently Asked Questions about Getbike
When was Getbike founded?
Getbike was founded in 2016.
Where is Getbike located?
Getbike is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Getbike a funded company?
Getbike is a funded company, having raised a total of $100K across 1 funding round to date. The company's 1st funding round was a Angel Round of $100K, raised on Dec 21, 2016.
What is the annual revenue of Getbike?
Annual revenue of Getbike is $4.36K as on Mar 31, 2019.
What does Getbike do?
Getbike was founded in 2016 as a mobile app for hailing bike taxis, operating primarily in Hyderabad, India. Services are extended to commuters, logistics operators, and corporate clients, with partnerships established with entities such as Apollo Healthcare, Limetray, and LT Metro Rail. Operations commenced with 50 bikes, and growth has been reported alongside angel funding from investors including Vamshi Reddy and Venu Veeramaneni.
Who are the top competitors of Getbike?
Getbike's top competitors include Rapido, Bikxie and Pillion Rides.
Who are Getbike's investors?
Getbike has 2 investors. Key investors include Rapido, and Vamshi Reddy.