About Groovy
Groovy is a company based in Delhi (India) founded in 2020 by Rajneesh Sharma and Mitkaran Singh Ghai. Groovy has raised $1.87 million across 1 funding round from investors including BanyanTree Finance, Mitkaran Singh Ghai and Rajneesh Sharma. The company has 1 employees as of April 02, 2024. Groovy operates in a competitive market with competitors including Raw Pressery, Shankar Group, Jagdale, Storia Foods and B Natural, among others.
- Headquarter Delhi, India
- Employees 1 as on 02 Apr, 2024
- Founders Rajneesh Sharma, Mitkaran Singh Ghai
- Stage Minicorn
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Sectors
Consumer
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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 Enhaz Beverages Private Limited
- Date of Incorporation 26 Aug, 2019
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$3.91 M (USD)92.37as on Mar 31, 2023
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Net Profit
-$128.93 K (USD)-4052.2as on Mar 31, 2023
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EBITDA
-$153.5 K (USD)-2032.65as on Mar 31, 2023
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Total Equity Funding
$1.87 M (USD)
in 1 rounds
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Latest Funding Round
$1.87 M (USD), Seed
Apr 30, 2024
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Investors
BanyanTree Finance
& 2 more
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Employee Count
1
as on Apr 02, 2024
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Funding Insights of Groovy
Groovy has successfully raised a total of $1.87M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.87 million completed in April 2024. 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 Groovy
Groovy has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include BanyanTree Finance, Mitkaran Singh Ghai and Rajneesh Sharma.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm engaging in diverse sector partnerships in India.
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Mitkaran Singh Ghai |
Angel investor and entrepreneur, focused on tech startups in India.
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Rajneesh Sharma |
Angel investor and entrepreneur, focused on tech startups in India.
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Locked | Locked | Locked |
Investor details for Groovy
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Investments & Acquisitions by Groovy
Investment portfolio details for Groovy
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Financial Statements - Groovy
Detailed financials for Groovy
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Groovy Comparisons
Peer comparison for Groovy
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Competitors of Groovy
Groovy 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 Raw Pressery, Shankar Group, Jagdale, Storia Foods and B Natural, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Brand of cold-pressed juices
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Packaged foods, beverages, and auto parts are produced in India.
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Diversified company with divisions in pharma, foods, exports, and services.
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Natural fruit juices are branded and distributed by Storia Foods.
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B Natural is engaged in producing fruit-based beverages.
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Detailed competitors of Groovy
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Latest news on Groovy
Complete news archive for Groovy
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Frequently Asked Questions about Groovy
Groovy was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Groovy is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Groovy is a funded company, having raised a total of $1.87M across 1 funding round to date.
As of Apr 02, 2024, the latest employee count at Groovy is 1.
Annual revenue of Groovy is $3.91M as on Mar 31, 2023.
Groovy was founded in 2020 in Delhi, India, as an internet-first brand in the beverage sector. Cold-pressed juices are produced from fruits including guava, mango, pomegranate, lychee, lemon, and mixed varieties. These juices are made without preservatives, added colors, or other additives. Operations focus on direct-to-consumer sales through the companys domain, drinkgroovy.com, with co-founders Rajneesh Sharma and Mitkaran Singh Ghai leading the venture.
Groovy's top competitors include Shankar Group, Raw Pressery and Storia Foods.
Groovy has 3 investors. Key investors include BanyanTree Finance, Mitkaran Singh Ghai, and Rajneesh Sharma.
The valuation of Groovy is $6.95M as of Apr 2024.