About GlowRoad
GlowRoad is a company based in Bengaluru (India) founded in 2017 by Shekhar Sahu, Kunal Sinha, Nitesh Pant, and Nilesh Padariya was acquired by Amazon in April 2022. GlowRoad has raised $31.32 million across 5 funding rounds from investors including Amazon, Accel and Korea Investment Holdings. The company has 187 employees as of April 07, 2024. GlowRoad operates in a competitive market with competitors including Flipkart, Myntra, Snapdeal, Nykaa and Amazon, among others.
- Headquarter Bengaluru, India
- Employees 187 as on 07 Apr, 2024
- Founders Shekhar Sahu, Kunal Sinha, Nitesh Pant, Nilesh Padariya
- 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
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- Legal Name Accelerator Enterprise Private Limited
- Date of Incorporation 16 Jun, 2017
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$58.92 (USD)-100as on Mar 31, 2023
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Net Profit
-$92.49 K (USD)-106.02as on Mar 31, 2023
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EBITDA
-$91.95 K (USD)-105.99as on Mar 31, 2023
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Total Equity Funding
$31.32 M (USD)
in 5 rounds
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Latest Funding Round
$7 M (USD), Series B
Nov 02, 2020
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Investors
Amazon
& 16 more
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Employee Count
187
as on Apr 07, 2024
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Acquired by
Amazon
(Apr 22, 2022)
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People of GlowRoad
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Funding Insights of GlowRoad
GlowRoad has successfully raised a total of $31.32M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in November 2020. 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.
Investors in GlowRoad
GlowRoad has secured backing from 17 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Amazon, Accel and Korea Investment Holdings.
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Accel is recognized as a leading venture capital firm.
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Venture capital fund focused on multiple sectors
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Investor details for GlowRoad
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Investments & Acquisitions by GlowRoad
Investment portfolio details for GlowRoad
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Financial Statements - GlowRoad
Detailed financials for GlowRoad
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Glowroad Comparisons
Peer comparison for GlowRoad
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Competitors of GlowRoad
GlowRoad 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, Nykaa and Amazon, among others.
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Multi-category consumer products are offered via an online marketplace platform.
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Fashion and lifestyle products are offered via an online marketplace.
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Discounted products across multiple categories are sold online.
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Cosmetics, skincare, haircare, and wellness products are retailed online.
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Multi-category products are offered through an online marketplace.
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Sellers are connected with customers via multi-category e-commerce platform.
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Detailed competitors of GlowRoad
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Latest news on Glowroad
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Frequently Asked Questions about GlowRoad
GlowRoad was founded in 2017.
GlowRoad is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Kunal Sinha is the current CEO of GlowRoad. They have also founded this company.
GlowRoad is a funded company, having raised a total of $31.32M across 5 funding rounds to date.
As of Apr 07, 2024, the latest employee count at GlowRoad is 187.
Annual revenue of GlowRoad is $58.92 as on Mar 31, 2023.
GlowRoad was founded in 2017 in Bengaluru, India, as an e-commerce platform focused on reselling. Small businesses are connected with local promoters, primarily women, through a mobile app available for Android. Product details are shared for promotion across online and offline social networks, with sales organized in specific localities to support merchant outreach.
GlowRoad has 17 investors. Key investors include Amazon, Accel, Korea Investment Holdings, Vertex Ventures SG, and Interlace India.
The valuation of GlowRoad is $26.77M as of May 2019.