About GullyBuy
GullyBuy is a Retail company based in Pune (India) founded in 2019, and was acquired by Hesa in April 2022. App-based platform offering grocery products. GullyBuy has raised $544.44 thousand across 1 funding round from investors including Hesa and SEED. Its Indian entity Gullybuy Software Private Limited reported revenue of ₹61 Lakh. The company was acqui-hired. GullyBuy offers products and services including Cockroach Killer Gel, Wire-Free Push-Up Bra, Oval Green Crystal Necklace, and Hair Straightener Comb. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Multi Category. Its competitors include Bigbasket, Otipy and DealShare; 3 of its 3 listed competitors have raised funding.
Company details
GullyBuy is an app-based platform offering grocery products. Its product offerings include vegetables, bakery items, sweets, dairy essentials, fruits, and more. All the products are sourced from the local neighborhood stores. The users can pay online or by cash through the application. It also allows the users to pick the products from the stores or delivered to the addresses. The company offers mobile applications for Android and IOS devices.
- Headquarters Pune, India
- Stage Acquired
- SectorsRetail
- Email••••••••
- Website gullybuy.com
- Social LinkedIn X Facebook
- Acquired by Hesa (Apr 2022)
- Legal Name Gullybuy Software Private Limited
- Date of Incorporation 23 Oct, 2019
- Jurisdiction Pune, Maharashtra, India
Associated legal entities of GullyBuy
GullyBuy operates through Gullybuy Software Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gullybuy Software Private Limited CIN U72900PN2019PTC187414 | Strike Off | 23 Oct 2019 | Pune, Maharashtra | ₹0.6 Cr | 2 | View details |
Products & Services of GullyBuy
GullyBuy offers a comprehensive portfolio of products and services, including Cockroach Killer Gel, Wire-Free Push-Up Bra, Oval Green Crystal Necklace, and Hair Straightener Comb.
Insecticide gel designed to eliminate cockroaches effectively.
Comfortable bra for everyday wear without marks on skin.
Pendant set with crystals for fashion accessories.
Comb brush for straightening hair quickly and easily.
Funding Insights of GullyBuy
GullyBuy has successfully raised a total of $544.44K through 1 strategic funding round. The most recent funding activity was a Seed round of $544.44 thousand completed in September 2020. 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 $544,438
- Total Rounds 1
- Last Round Seed — $544,438
- First Round $544,438
(Sep 2020)
- Investors Count 1
All 1 funding rounds of GullyBuy 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 |
|---|---|---|---|---|---|
| Sep 2020 | $544,438 | Seed | – | SEED | – |
2 investors in total: 2 institutional.
Investors in GullyBuy
GullyBuy has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Hesa and SEED.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Environment campaign services are provided by SEED in Berlin. | seed.uno | Berlin, Germany | ||
Provider of fintech and agritech company to connect rural communities with urban businesses | 2012 | hesa.co | Hyderabad, India |
Investor details for GullyBuy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Gullybuy Software Private Limited (GullyBuy)
Gullybuy Software Private Limited is the primary company behind GullyBuy. The board of Gullybuy Software Private Limited currently have 2 directors; the longest-serving is Shirish Prabhakar Deodhar, appointed in 2019. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shirish Prabhakar Deodhar DIN 00205643 | Director | 23 Oct 2019 | 7 yrs | Gullybuy Software Private Limited |
| Swati Shirish Deodhar DIN 02361772 | Director | 23 Oct 2019 | 7 yrs | Gullybuy Software Private Limited |
Financials of GullyBuy
Figures of Gullybuy Software Private Limited, the primary company behind GullyBuy, for FY 2024. Revenue was ₹61 Lakh (+18346% year on year). Net profit was ₹59.8 Lakh (98% margin). EBITDA was ₹59.8 Lakh (98% margin). Revenue has grown at a compounded annual rate of +264% over three years.
- ₹61 LakhRevenue · FY 2024 · +18346% YoY
- ₹59.8 LakhNet profit · 98% margin
- ₹59.8 LakhEBITDA · 98% margin
- ₹3.5 LakhPaid-up capital
- +264%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Gullybuy Software Private Limited are on its company page.
Detailed financial statements for GullyBuy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of GullyBuy
3 dated milestones of GullyBuy across 3 years, from founding to its latest funding, stage changes and deals.
- Founded GullyBuy is founded.
- Funding First funding round of $544K.
- Exit Acquired by Hesa.
Competitors of GullyBuy
GullyBuy has 3 listed competitors in our database, 3 of them funded. They include Bigbasket, Otipy and DealShare.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bigbasket.com | 2011 | Bengaluru, India | $943.07M | 22,095 | Personal and household products are delivered via an e-commerce platform. | |
| otipy.com | 2020 | Gurugram, India | $44.2M | 87 | Grocery products are provided via an online digital storefront. | |
| dealshare.in | 2018 | Bengaluru, India | $386.55M | 276 | Online social deal-sharing platform for multi-category products |
Detailed competitors of GullyBuy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Food & Grocery Retail
3 companies that operate in the same segment as GullyBuy (Food & Grocery Retail) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | 11,913 |
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
Related news about Gullybuy
Complete news archive for GullyBuy
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about GullyBuy
GullyBuy was founded in 2019 and raised its 1st funding round 1 year after it was founded.
GullyBuy is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
GullyBuy is a funded company, having raised a total of $544.44K across 1 funding round to date. The company's 1st funding round was a Seed of $544.44K, raised on Sep 2020.
The primary company behind GullyBuy, Gullybuy Software Private Limited, reported revenue of ₹61 Lakh for FY 2024, up 18346% year on year.
GullyBuy is an app-based platform offering grocery products. Its product offerings include vegetables, bakery items, sweets, dairy essentials, fruits, and more. All the products are sourced from the local neighborhood stores. The users can pay online or by cash through the application. It also allows the users to pick the products from the stores or delivered to the addresses. The company offers mobile applications for Android and IOS devices.
GullyBuy offers Cockroach Killer Gel, Wire-Free Push-Up Bra, Oval Green Crystal Necklace, and Hair Straightener Comb.
GullyBuy operates through Gullybuy Software Private Limited.
Yes. GullyBuy was acquired by Hesa in April 2022.
The legal entities of GullyBuy currently have 2 directors, including Shirish Prabhakar Deodhar, Swati Shirish Deodhar.