About Gully Network
Gully Network is a company based in Bengaluru (India) founded in 2019 by Ajay Nain and Prateek Chaturvedi. It operates as a B2B. Gully Network has raised $63.71 million across 4 funding rounds from investors including BlackSoil, Venture Catalysts and SucSEED. The company has 55 employees as of March 31, 2021. Gully Network operates in a competitive market with competitors including Warung Pintar, 1K, Vilcart, Frendy and ShopX, among others.
- Headquarter Bengaluru, India
- Employees 55 as on 31 Mar, 2021
- Founders Ajay Nain, Prateek Chaturvedi
- Stage Minicorn
-
Sectors
Retail
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Gully Network Retail Private Limited
- Date of Incorporation 15 May, 2019
- Jurisdiction Bengaluru, Karnataka, India
-
Annual Revenue
$847.86 K (USD)120.98as on Mar 31, 2021
-
Net Profit
-$539.18 K (USD)-130.9as on Mar 31, 2021
-
EBITDA
-$716.93 K (USD)-112.1as on Mar 31, 2021
-
Total Equity Funding
$63.71 M (USD)
in 4 rounds
-
Latest Funding Round
$61.51 M (USD), Seed
Jan 01, 2022
-
Investors
BlackSoil
& 203 more
-
Employee Count
55
as on Mar 31, 2021
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Gully Network
Gully Network has successfully raised a total of $63.71M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $61.51 million completed in January 2022. 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 4
- Last Round Seed — $61.5M
-
First Round
First Round
(23 Jun 2019)
- Investors Count 204
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - Gully Network | Valuation | Orios Venture Partners | |
| Jan, 2021 | Amount | Grant - Gully Network | Valuation |
investors |
|
| Nov, 2020 | Amount | Seed - Gully Network | Valuation | Venture Catalysts , CP Ventures |
Investors in Gully Network
Gully Network has secured backing from 204 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include BlackSoil, Venture Catalysts and SucSEED.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital firm focused on early-stage investments
|
Founded Year | Domain | Location | |
|
Venture capital and support services for startups in emerging technologies.
|
Founded Year | Domain | Location | |
|
E-commerce startup acceleration and innovation programs focused on technology and partnerships in India.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Gully Network
Financial Statements - Gully Network
Gully Network Comparisons
Competitors of Gully Network
Gully Network 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 Warung Pintar, 1K, Vilcart, Frendy and ShopX, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Retail aggregator solutions are offered to local merchants in Indonesia.
|
|
| domain | founded_year | HQ Location |
Platform offering retail store aggregating solution for grocery stores
|
|
| domain | founded_year | HQ Location |
Tech-enabled logistics solutions are provided for rural retailers in India.
|
|
| domain | founded_year | HQ Location |
Digitized convenience store network solutions for retailers
|
|
| domain | founded_year | HQ Location |
Provider of a cashback and rewards platform for local store purchases
|
|
| domain | founded_year | HQ Location |
Retail aggregating solutions are provided for small and medium businesses.
|
Frequently Asked Questions about Gully Network
Gully Network was founded in 2019.
Gully Network is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ajay Nain is the current CEO of Gully Network. They have also founded this company.
Gully Network is a funded company, having raised a total of $63.71M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on Jun 23, 2019.
As of Mar 31, 2021, the latest employee count at Gully Network is 55.
Annual revenue of Gully Network is $847.86K as on Mar 31, 2021.
Gully Network, backed by 63739507.0 from Orios Venture Partners, Rajagopalan Chandrashekar, Hemant Gupta, Anusha Narayan, Jhabak, Prashant Jain, Shriharsha Narayanrao Kulkarni, Ravi Khandelwal, Idumesh Kumar, Yudhir Kataria, Kadiveti Sreedhar Reddy, Anand Agarwal, Vidwath Shankar, Aravindan Selvaraj, Chandu Nair, Prem Kumar, Venkatesh V, Manoj Jain, Rohit Bajaj, Iyer Ramaswamy Krishnan, Gyanendra Narayan Pati, Xena Infra And Logistics, Pushpa Kochar, Chandrashekar Kupperi, Sandeep Batra, SucSEED, Udit Shanker, Sanjeev Kumar Gupta, Siva Krishna.
Gully Network has 204 investors. Key investors include BlackSoil, Venture Catalysts, SucSEED, KN Group, and Orios Venture Partners.
The valuation of Gully Network is $4.51M as of Nov 2020.