About Gully Network
Gully Network was a Retail company based in Bengaluru (India) founded in 2019 by Ajay Nain and Prateek Chaturvedi. Gully Network provides comprehensive omnichannel solutions for retail stores. It operates on a B2B model. Gully Network has raised $63.71 million across 4 funding rounds from investors including BlackSoil, Venture Catalysts and SucSEED. The company has 55 employees. Gully Network was last valued at $4.51 million in November 2020. Its chief executive, as recorded, is Ajay Nain. Its Indian entity Gully Network Retail Private Limited reported revenue of ₹3.56 Cr. The company is recorded as dissolved. Its focus areas include Technology, E-commerce, Omnichannel Solutions and Retail Management. Its competitors include 1K, Vilcart and Frendy; 3 of its 3 listed competitors have raised funding.
Company details
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
- Headquarters Bengaluru, India
- Employees 55
- Founders Ajay Nain, Prateek Chaturvedi
- Stage Minicorn
- SectorsRetail
- Website gullynetwork.com
- Social X Facebook
- Legal Name Gully Network Retail Private Limited
- Date of Incorporation 15 May, 2019
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹3.56 Cr
FY 2024 · -91% YoY
- Net Profit₹3.47 Cr
FY 2024 · 98% margin
- EBITDA₹3.48 Cr
FY 2024 · 98% margin
- Total Equity Funding$63.71M (USD)
in 4 rounds
- Latest Funding Round$61.51M (USD), Seed
Jan 2022
- InvestorsBlackSoil
& 203 more
- Employee Count55
Associated legal entities of Gully Network
Gully Network operates through Gully Network Retail Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gully Network Retail Private Limited CIN U74110KA2019PTC124343 | Active | 15 May 2019 | Bengaluru, Karnataka | ₹3.6 Cr | 55 | 2 | View details |
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 $63.71M
- Total Rounds 4
- Last Round Seed — $61.51M
- First Round $1M
(Jun 2019)
- Investors Count 204
All 4 funding rounds of Gully Network with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $61.51M | Seed | – | Orios Venture Partners | |
| Jan 2021 | $25,000 | Grant | – | – | |
| Nov 2020 | $1.2M | Seed | $4.51M | Venture Catalysts, CP Ventures | |
| Jun 2019 | $1M | Seed | $5.56M | Orios Venture Partners | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2020 | $4.51M | •••••••• |
| Jun 2019 | $5.56M | •••••••• |
Last known valuation $4.51M (Nov 2020). 204 investors in total: 13 institutional and 191 angel.
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 | 2013 | oriosvp.com | Mumbai, India | |
Venture capital and support services for startups in emerging technologies. | 2016 | sucseed.biz | Hyderabad, India | |
E-commerce startup acceleration and innovation programs focused on technology and partnerships in India. | 2020 | flipkartleap.com | Bengaluru, India | |
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Provider of technology consulting and focused on multiple sectors | 2020 | dfangels.in | Gurugram, India | |
Investment firm focusing on early stage, venture capital, and equities investments. | 2013 | dominorllp.com | Noida, India | |
Pre-seed and seed stage investments are targeted by CP Ventures. | cp.ventures | Sydney, Australia | ||
Venture debt firm | 2017 | samyakthcapital.com | Mumbai, India | |
| jhabak.tcc.mode |
Investor details for Gully Network
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Gully Network Retail Private Limited (Gully Network)
Gully Network Retail Private Limited is the primary company behind Gully Network. The board of Gully Network Retail Private Limited currently have 2 directors; the longest-serving is Prateek Chaturvedi, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prateek Chaturvedi DIN 08453327 | Director | 15 May 2019 | 7 yrs 5 mo | Gully Network Retail Private Limited |
| Ajay Nain DIN 07186115 | Director | 15 May 2019 | 7 yrs 5 mo | Gully Network Retail Private Limited |
People of Gully Network
2 people are tracked at Gully Network (2 in leadership); the tracked headcount is 55.
| Name | Role | Group |
|---|---|---|
| Co-Founder, CEO | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Gully Network
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Verified entity values are shown only after access is granted.
Financials of Gully Network
Figures of Gully Network Retail Private Limited, the primary company behind Gully Network, for FY 2024. Revenue was ₹3.56 Cr (-91% year on year). Net profit was ₹3.47 Cr (98% margin). EBITDA was ₹3.48 Cr (98% margin). Revenue has grown at a compounded annual rate of -17% over three years.
- ₹3.56 CrRevenue · FY 2024 · -91% YoY
- ₹3.47 CrNet profit · 98% margin
- ₹3.48 CrEBITDA · 98% margin
- ₹1.8 LakhPaid-up capital
- 55Employees (provident fund records)
- -17%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Gully Network Retail Private Limited are on its company page.
Detailed financial statements for Gully Network
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Gully Network
4 dated milestones of Gully Network across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Gully Network is founded.
- Funding First funding round of $1.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $61.5M.
Competitors of Gully Network
Gully Network has 3 listed competitors in our database, 3 of them funded. They include 1K, Vilcart and Frendy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| 1knetworks.com | 2018 | Gurugram, India | $43.58M | 80 | Platform offering retail store aggregating solution for grocery stores | |
| vilcart.in | 2018 | Bengaluru, India | $31.38M | 1,214 | Tech-enabled logistics solutions are provided for rural retailers in India. | |
| frendy.in | 2019 | Ahmedabad, India | $6.33M | 29 | Digitized convenience store network solutions for retailers |
Detailed competitors of Gully Network
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Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Gully Network (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 142.34 M | USD 32.66 M | 711 |
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Related news about Gully Network
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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 CEO of Gully Network, as recorded in our data. 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 $1M, raised on Jun 2019.
Gully Network has 55 employees.
The primary company behind Gully Network, Gully Network Retail Private Limited, reported revenue of ₹3.56 Cr for FY 2024, down 91% year on year.
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.
Gully Network operates through Gully Network Retail Private Limited.
The legal entities of Gully Network currently have 2 directors, including Prateek Chaturvedi, Ajay Nain.