About Ginesys
Ginesys is a company based in Gurugram (India) founded in 2006 by Prashant Lohia.. Ginesys has raised $10 million across 1 funding round from investors including Marathon Edge. The company has 95 employees as of April 09, 2024. Ginesys has completed 1 acquisition, including Zwing. Ginesys offers products and services including Ginesys ERP, Zwing POS, Order Management System, and EaseMyGST. Ginesys operates in a competitive market with competitors including RELEX, Wasoko, Cart.com, Bizom and AnyMind Group, among others.
- Headquarter Gurugram, India
- Employees 95 as on 09 Apr, 2024
- Founders Prashant Lohia
- Stage Minicorn
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Sectors
RetailTechnology
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Phone
*********
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Website
*********
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Social
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- Legal Name Ginni Systems Limited
- Date of Incorporation 14 Jan, 1993
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$4.81 M (USD)34.26as on Mar 31, 2023
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Net Profit
$507.68 K (USD)0.71as on Mar 31, 2023
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EBITDA
$926.41 K (USD)-17.9as on Mar 31, 2023
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Total Equity Funding
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Series A
Jun 11, 2019
- Investors
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Employee Count
95
as on Apr 09, 2024
- Investments & Acquisitions
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Products & Services of Ginesys
Ginesys offers a comprehensive portfolio of products and services, including Ginesys ERP, Zwing POS, Order Management System, and EaseMyGST. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages inventory, procurement, and accounting for retail businesses.
Handles mobile and web-based sales tracking and transactions.
Integrates with marketplaces for streamlined order processing.
Automates GST filings and tax reconciliation for retailers.
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Funding Insights of Ginesys
Ginesys has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series A round of $10 million completed in June 2019. 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 Series A — $10.0M
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First Round
First Round
(11 Jun 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Series A - Ginesys | Valuation | Marathon Edge |
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| 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 Ginesys
Ginesys has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Marathon Edge. 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 |
|---|---|---|---|---|
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Private equity investments in Consumer, Technology, and Business Services sectors focused on mid-market companies in India.
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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 Ginesys
Ginesys has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Zwing. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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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.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Self-checkout is facilitated for offline retail via mobile QR scanning.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ginesys
| 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 |
Ginesys Comparisons
Competitors of Ginesys
Ginesys 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 RELEX, Wasoko, Cart.com, Bizom and AnyMind Group, 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 |
Unified platform for retail and supply chain planning is offered.
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| domain | founded_year | HQ Location |
Online B2B marketplace offering groceries for enterprises
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| domain | founded_year | HQ Location |
Software suite solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Retail intelligence platform is developed for brands and B2B retailers.
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| domain | founded_year | HQ Location |
Platforms for e-commerce, marketing, and manufacturing are provided.
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| domain | founded_year | HQ Location |
SaaS-based software suites for e-commerce operations are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Ginesys
Frequently Asked Questions about Ginesys
When was Ginesys founded?
Ginesys was founded in 2006 and raised its 1st funding round 13 years after it was founded.
Where is Ginesys located?
Ginesys is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Ginesys?
Prashant Lohia is the current CEO of Ginesys. They have also founded this company.
Is Ginesys a funded company?
Ginesys is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series A of $10M, raised on Jun 11, 2019.
How many employees does Ginesys have?
As of Apr 09, 2024, the latest employee count at Ginesys is 95.
What is the annual revenue of Ginesys?
Annual revenue of Ginesys is $4.81M as on Mar 31, 2023.
What does Ginesys do?
Ginesys was established in 2006 in Gurugram, India, as a platform delivering cloud-based ERP systems tailored to the retail sector. Solutions encompass inventory management, procurement, sales and distribution, warehouse operations, production oversight, finance, accounting, and e-commerce integration. These tools support various retail segments through centralized management of production, point-of-sale, and distribution processes.
Who are the top competitors of Ginesys?
Ginesys's top competitors include Bizom, RELEX and CommerceIQ.
What products or services does Ginesys offer?
Ginesys offers Ginesys ERP, Zwing POS, Order Management System, and EaseMyGST.
How many acquisitions has Ginesys made?
Ginesys has made 1 acquisition, including Zwing.
Who are Ginesys's investors?
Ginesys has 1 investor. Key investors include Marathon Edge.
What is Ginesys's valuation?
The valuation of Ginesys is $19.39M as of Jun 2019.