About GullyBuy
GullyBuy is a company based in Pune (India) founded in 2019 was acquired by Hesa in April 2022.. GullyBuy has raised $544.44 thousand across 1 funding round from investors including Hesa and SEED. GullyBuy offers products and services including Cockroach Killer Gel, Wire-Free Push-Up Bra, Oval Green Crystal Necklace, and Hair Straightener Comb. GullyBuy operates in a competitive market with competitors including Bigbasket, Otipy, DealShare, Milkbasket and Daily Ninja, among others.
- Headquarter Pune, India
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Sectors
Retail
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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 Gullybuy Software Private Limited
- Date of Incorporation 23 Oct, 2019
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$71.29 K (USD)18345.52as on Mar 31, 2024
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Net Profit
$69.85 K (USD)1091.27as on Mar 31, 2024
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EBITDA
$-1.24 K (USD)82.83as on Mar 31, 2024
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Total Equity Funding
$544.44 K (USD)
in 1 rounds
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Latest Funding Round
$544.44 K (USD), Seed
Sep 15, 2020
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Investors
Hesa
& 1 more
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Employee Count
Employee Count
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Acquired by
Hesa
(Apr 20, 2022)
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 1
- Last Round Seed — $544,438
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First Round
First Round
(15 Sep 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Seed - GullyBuy | Valuation | SEED |
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| 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 GullyBuy
GullyBuy has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Hesa and SEED. 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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Environment campaign services are provided by SEED in Berlin.
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Founded Year | Domain | Location | |
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Provider of fintech and agritech company to connect rural communities with urban businesses
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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 GullyBuy
| 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 |
Financial Statements - GullyBuy
| 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 |
Gullybuy Comparisons
Competitors of GullyBuy
GullyBuy 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 Bigbasket, Otipy, DealShare, Milkbasket and Daily Ninja, 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 |
Personal and household products are delivered via an e-commerce platform.
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| domain | founded_year | HQ Location |
Grocery products are provided via an online digital storefront.
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| domain | founded_year | HQ Location |
Online social deal-sharing platform for multi-category products
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| domain | founded_year | HQ Location |
Daily grocery essentials are delivered through an online subscription platform.
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| domain | founded_year | HQ Location |
Daily essentials are delivered through hyper-local subscriptions.
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| domain | founded_year | HQ Location |
Provider of online platform offering grocery, household items, cakes, and flowers
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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 Gullybuy
Frequently Asked Questions about GullyBuy
When was GullyBuy founded?
GullyBuy was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is GullyBuy located?
GullyBuy is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Is GullyBuy a funded company?
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 15, 2020.
What is the annual revenue of GullyBuy?
Annual revenue of GullyBuy is $71.29K as on Mar 31, 2024.
What does GullyBuy do?
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.
Who are the top competitors of GullyBuy?
What products or services does GullyBuy offer?
GullyBuy offers Cockroach Killer Gel, Wire-Free Push-Up Bra, Oval Green Crystal Necklace, and Hair Straightener Comb.