About Groyyo
Groyyo is a company based in Gurugram (India) founded in 2021 by Pratik Tiwari and Subin Mitra.. Groyyo has raised $33.1 million across 5 funding rounds from investors including BlackSoil, Lighthouse Canton and Capsave Finance. The company has 142 employees as of January 21, 2025. Groyyo has completed 1 acquisition, including Oussum. Groyyo operates in a competitive market with competitors including AspenTech, Plex Systems, REEF, Dematic and Unmade, among others.
- Headquarter Gurugram, India
- Employees 142 as on 21 Jan, 2025
- Founders Pratik Tiwari, Subin Mitra
- Stage Minicorn
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Sectors
TechnologyRetail Industrial Goods & Manufacturing
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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 Groyyo Private Limited
- Date of Incorporation 06 Jul, 2021
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$61.3 M (USD)0as on Mar 31, 2023
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Net Profit
$-8.19 M (USD)0as on Mar 31, 2023
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EBITDA
$-9.15 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$33.1 M (USD)
in 5 rounds
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Latest Funding Round
$5.4 M (USD), Debt – Conventional
Jan 18, 2024
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Investors
BlackSoil
& 20 more
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Employee Count
142
as on Jan 21, 2025
- Investments & Acquisitions
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Funding Insights of Groyyo
Groyyo has successfully raised a total of $33.1M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $5.4 million completed in January 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 5
- Last Round Debt – Conventional — $5.4M
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First Round
First Round
(29 Nov 2021)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Debt – Conventional - Groyyo | Valuation |
investors |
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| Oct, 2023 | Amount | Series A - Groyyo | Valuation |
investors |
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| Jun, 2022 | Amount | Debt – Conventional - Groyyo | Valuation |
investors |
| 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 Groyyo
Groyyo has secured backing from 21 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include BlackSoil, Lighthouse Canton and Capsave Finance. 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 debt and equity funds are managed for technology sectors.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital firm focused on growth-stage companies
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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 Groyyo
Groyyo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Oussum. 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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Women's fashion, accessories, jewelry, and home decor are retailed.
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2014 |
| 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 - Groyyo
| 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 |
Groyyo Comparisons
Competitors of Groyyo
Groyyo 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 AspenTech, Plex Systems, REEF, Dematic and Unmade, 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 |
AI-based software for manufacturing process optimization is offered.
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| domain | founded_year | HQ Location |
Cloud-based manufacturing execution software solutions are provided by Plex Systems.
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| domain | founded_year | HQ Location |
REEF is focused on connecting goods and services to local neighborhoods through digital solutions.
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| domain | founded_year | HQ Location |
Cloud-based warehouse management and automation systems are provided.
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| domain | founded_year | HQ Location |
Provider of operating platform to connect fashion and sportswear brands
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| domain | founded_year | HQ Location |
Provider of software solutions enabling informal distribution for retail businesses
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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 Groyyo
Frequently Asked Questions about Groyyo
When was Groyyo founded?
Groyyo was founded in 2021.
Where is Groyyo located?
Groyyo is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Groyyo?
Subin Mitra is the current CEO of Groyyo. They have also founded this company.
Is Groyyo a funded company?
Groyyo is a funded company, having raised a total of $33.1M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $12M, raised on Nov 29, 2021.
How many employees does Groyyo have?
As of Jan 21, 2025, the latest employee count at Groyyo is 142.
What is the annual revenue of Groyyo?
Annual revenue of Groyyo is $61.3M as on Mar 31, 2023.
What does Groyyo do?
Groyyo was founded in 2021 in Gurugram, India, as a provider of an AI-powered manufacturing automation platform targeted at MSME garment factories. Production workflows are digitized through the platform, with real-time monitoring and quality control automation implemented. Remote oversight tools, predictive maintenance, and process optimization features are included. Export readiness is supported via market insights, compliance assistance, supply-chain streamlining, and buyer connections.
Who are the top competitors of Groyyo?
Groyyo's top competitors include AspenTech, Plex Systems and Pimberly.
How many acquisitions has Groyyo made?
Groyyo has made 1 acquisition, including Oussum.
Who are Groyyo's investors?
Groyyo has 21 investors. Key investors include BlackSoil, Lighthouse Canton, Capsave Finance, Trifecta Capital, and Tiger Global.
What is Groyyo's valuation?
The valuation of Groyyo is $233.69M as of Oct 2023.
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