About gocoop
gocoop is a company based in Bengaluru (India) founded in 2011 by Siva Devireddy. It operates as a B2C, and D2C. gocoop has raised $2.32 million across 6 funding rounds from investors including Amity University, Tholons Capital and Saha Fund. The company has 15 employees as of March 31, 2023. gocoop offers products and services including Handloom Sarees, Handwoven Fabrics, Apparel Items, and Home Decor. gocoop operates in a competitive market with competitors including Yeebo, Artisan Glory, Punarnawa, Peeli Dori and Aporv, among others.
- Headquarter Bengaluru, India
- Employees 15 as on 31 Mar, 2023
- Founders Siva Devireddy
- Stage Minicorn
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Sectors
Industrial Goods & ManufacturingConsumer
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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 Gocoop Solutions And Services Private Limited
- Date of Incorporation 04 Oct, 2011
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.68 M (USD)140.25as on Mar 31, 2023
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Net Profit
$-104.24 K (USD)23.84as on Mar 31, 2023
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EBITDA
$-107.14 K (USD)-68.74as on Mar 31, 2023
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Total Equity Funding
$2.32 M (USD)
in 6 rounds
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Latest Funding Round
$125.71 K (USD), Series A
Jun 24, 2019
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Investors
Amity University
& 49 more
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Employee Count
15
as on Mar 31, 2023
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Products & Services of gocoop
gocoop offers a comprehensive portfolio of products and services, including Handloom Sarees, Handwoven Fabrics, Apparel Items, and Home Decor. 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.
Traditional Indian sarees crafted by artisans for cultural wear
Fabrics used for clothing and home applications
Handcrafted kurtis and accessories for everyday use
Artisanal items like cushions and baskets for living spaces
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Funding Insights of gocoop
gocoop has successfully raised a total of $2.32M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $125.71 thousand 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 6
- Last Round Series A — $125,710
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First Round
First Round
(17 Dec 2013)
- Investors Count 50
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Series A - gocoop | Valuation | Partithi Investment Trust , Brand Capital | |
| Oct, 2018 | Amount | Series A - gocoop | Valuation |
investors |
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| Aug, 2017 | Amount | Series A - gocoop | Valuation | Capria |
| 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 gocoop
gocoop has secured backing from 50 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Amity University, Tholons Capital and Saha Fund. 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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Early-stage startups are targeted for VC and PE investments.
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Founded Year | Domain | Location | |
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Investments in early-stage startups are made by Brand Capital.
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Founded Year | Domain | Location | |
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Venture capital firm investing in applied generative AI
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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 gocoop
| 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 |
Financial Statements - gocoop
| 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 |
Gocoop Comparisons
Competitors of gocoop
gocoop 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 Yeebo, Artisan Glory, Punarnawa, Peeli Dori and Aporv, 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 |
An online platform offering a variety of handmade products.
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| domain | founded_year | HQ Location |
Functions as an online marketplace featuring a wide range of multi-category fashion products for diverse customer needs.
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| domain | founded_year | HQ Location |
Operates an e-commerce store specializing in handcrafted products.
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| domain | founded_year | HQ Location |
Online platform selling Indian sarees, dresses, and ethnic wear for women.
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| domain | founded_year | HQ Location |
Operates an online marketplace specializing in handcrafted fashion products.
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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 Gocoop
Frequently Asked Questions about gocoop
When was gocoop founded?
gocoop was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is gocoop located?
gocoop is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is gocoop a funded company?
gocoop is a funded company, having raised a total of $2.32M across 6 funding rounds to date. The company's 1st funding round was a Series A of $467.89K, raised on Dec 17, 2013.
How many employees does gocoop have?
As of Mar 31, 2023, the latest employee count at gocoop is 15.
What is the annual revenue of gocoop?
Annual revenue of gocoop is $1.68M as on Mar 31, 2023.
What does gocoop do?
GoSwadeshi by GoCoop operates as an e-commerce marketplace that offers authentic Indian handloom sarees, fabrics, apparel, and home decor items directly from artisans. It promotes sustainable crafts and empowers weaver communities by providing a digital platform for sales. Based in Bangalore and Hyderabad, India, it serves global customers through online shopping, focusing on traditional weaves and cultural preservation.
Who are the top competitors of gocoop?
gocoop's top competitors include Aporv, Online bazar india and Rianaa.
What products or services does gocoop offer?
gocoop offers Handloom Sarees, Handwoven Fabrics, Apparel Items, and Home Decor.
Who are gocoop's investors?
gocoop has 50 investors. Key investors include Amity University, Tholons Capital, Saha Fund, Vertexperts Consulting, and Splice Capital.
What is gocoop's valuation?
The valuation of gocoop is $7.58M as of Jun 2019.