About Getbike
Getbike is a Transportation, Automotive & Logistics company based in Hyderabad (India) founded in 2016, and was acquired by Rapido in May 2018. Bike taxis are hailed via a mobile app in Hyderabad. Getbike has raised $100 thousand across 1 funding round from investors including Rapido and Vamshi Reddy. The company was acqui-hired. Its focus areas include Consumer, Road Transport Tech, Ride Hailing and Motorized Two-Wheelers. Its competitors include Rapido, Bikxie and Haye; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Hyderabad, India
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Phone•••• ••••
- Website getbike.co.in
- Social LinkedIn
- Acquired by Rapido (May 2018)
Associated legal entities of Getbike
Getbike is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ideabiz Tech India Private Limited CIN U72300TG2015PTC101178 | Active | 13 Oct 2015 | Secunderabad, Telangana | 2 | View details | ||
| Vave Infosolutions India Private Limited CIN U72200TG2015PTC098985 | Strike Off | 20 May 2015 | Secunderabad, Telangana | ₹0.0 Cr | 2 | View details |
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 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 $100,000
- Total Rounds 1
- Last Round Angel Round — $100,000
- First Round $100,000
(Dec 2016)
- Investors Count 1
All 1 funding rounds of Getbike 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 |
|---|---|---|---|---|---|
| Dec 2016 | $100,000 | Angel Round | – | – |
2 investors in total: 1 institutional and 1 angel.
Investors in Getbike
Getbike has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Rapido and Vamshi Reddy.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VR Vamshi Reddy | Angel investor and entrepreneur, co-founder of Apna, focusing on HR tech | unknown_7456c017c7464a708 | ||
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions | 2015 | rapido.bike | Bengaluru, India |
Investor details for Getbike
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Board of directors of Getbike
The boards of the 2 registered companies of Getbike currently have 4 directors; the longest-serving is Venugopal Rao Veeramaneni, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venugopal Rao Veeramaneni DIN 07099151 | Director | 20 May 2015 | 11 yrs 5 mo | Vave Infosolutions India Private Limited |
| Banda Krishna Vamshi Reddy DIN 00458827 | Director | 20 May 2015 | 11 yrs 5 mo | Vave Infosolutions India Private Limited |
| Yashwanth Masetty DIN 07306892 | Director | 13 Oct 2015 | 11 yrs | Ideabiz Tech India Private Limited |
| Shravya Mandala DIN 07298950 | Director | 13 Oct 2015 | 11 yrs | Ideabiz Tech India Private Limited |
Financials of Getbike
Figures of Vave Infosolutions India Private Limited, the primary company behind Getbike, for FY 2019. Revenue was ₹3 Lakh (-81% year on year). Net loss was -₹32,404 (-11% margin). EBITDA was ₹3,049 (1% margin).
- ₹3 LakhRevenue · FY 2019 · -81% YoY
- -₹32,404Net loss · -11% margin
- ₹3,049EBITDA · 1% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Vave Infosolutions India Private Limited are on its company page.
Detailed financial statements for Getbike
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Timeline of Getbike
3 dated milestones of Getbike across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Getbike is founded.
- Funding First funding round of $100K.
- Exit Acquired by Rapido.
Competitors of Getbike
Getbike has 3 listed competitors in our database, 2 of them funded. They include Rapido, Bikxie and Haye.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| rapido.bike | 2015 | Bengaluru, India | $798.05M | 715 | Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions | |
| bikxie.com | 2015 | Gurugram, India | $528,213 | Bike taxis are booked via a mobile application in Gurugram. | ||
| haye.in | 2019 | Hyderabad, India | Functions as an app-based aggregator for bike ride-hailing services. |
Detailed competitors of Getbike
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Top companies in Road Transport Tech
3 companies that operate in the same segment as Getbike (Road Transport Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing, electric vehicles, and financial solutions are provided via app. | 2010 | Bengaluru, Karnataka, India | USD 3.83 B | USD 278.63 M | 2,473 | |
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions | 2015 | Bengaluru, Karnataka, India | USD 798.05 M | USD 19.11 M | 817 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M |
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Frequently Asked Questions about Getbike
Getbike was founded in 2016.
Getbike is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
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 2016.
Annual revenue of Getbike is $4.36K as on Mar 31, 2019.
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.
Getbike has 2 investors. Key investors include Rapido, and Vamshi Reddy.
Getbike is associated with 2 legal entities: Ideabiz Tech India Private Limited, Vave Infosolutions India Private Limited.
Yes. Getbike was acquired by Rapido in May 2018.
The legal entities of Getbike currently have 4 directors, including Yashwanth Masetty, Shravya Mandala, Venugopal Rao Veeramaneni and others.