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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $1.9M
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First Round
First Round
(30 Apr 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Seed - Groovy | Valuation | BanyanTree Finance |
| 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 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. 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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Investment firm engaging in diverse sector partnerships in India.
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Founded Year | Domain | Location | |
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MS
Mitkaran Singh Ghai |
Angel investor and entrepreneur, focused on tech startups in India.
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Founded Year | Domain | Location |
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RS
Rajneesh Sharma |
Angel investor and entrepreneur, focused on tech startups 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 Groovy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Groovy
| 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 |
Groovy Comparisons
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. 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 |
Brand of cold-pressed juices
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| domain | founded_year | HQ Location |
Packaged foods, beverages, and auto parts are produced in India.
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| domain | founded_year | HQ Location |
Diversified company with divisions in pharma, foods, exports, and services.
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| domain | founded_year | HQ Location |
Natural fruit juices are branded and distributed by Storia Foods.
|
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| domain | founded_year | HQ Location |
B Natural is engaged in producing fruit-based beverages.
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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 Groovy
Frequently Asked Questions about Groovy
When was Groovy founded?
Groovy was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Where is Groovy located?
Groovy is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is Groovy a funded company?
Groovy is a funded company, having raised a total of $1.87M across 1 funding round to date. The company's 1st funding round was a Seed of $1.87M, raised on Apr 30, 2024.
How many employees does Groovy have?
As of Apr 02, 2024, the latest employee count at Groovy is 1.
What is the annual revenue of Groovy?
Annual revenue of Groovy is $3.91M as on Mar 31, 2023.
What does Groovy do?
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.
Who are the top competitors of Groovy?
Groovy's top competitors include Shankar Group, Raw Pressery and Storia Foods.
Who are Groovy's investors?
Groovy has 3 investors. Key investors include BanyanTree Finance, Mitkaran Singh Ghai, and Rajneesh Sharma.
What is Groovy's valuation?
The valuation of Groovy is $6.95M as of Apr 2024.