About Hanchens
Hanchens is a company based in Gurugram (India) founded in 2020. It operates as a B2C. Hanchens has raised $103.12 thousand across 1 funding round from investors including India Accelerator, Kuldeep Kaushik and Rudraksh Ventures. The company has 1 employees as of March 31, 2022. Hanchens operates in a competitive market with competitors including Swiggy, EasyMovr, Kooriee and HUMhain, among others.
- Headquarter Gurugram, India
- Employees 1 as on 31 Mar, 2022
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name Cloudrelish Private Limited
- Date of Incorporation 14 Jul, 2020
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$157.52 K (USD)33013.25as on Mar 31, 2022
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Net Profit
$-54.14 K (USD)-105.82as on Mar 31, 2022
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EBITDA
$-30 K (USD)-35.2as on Mar 31, 2022
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Total Equity Funding
$103.12 K (USD)
in 1 rounds
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Latest Funding Round
$103.12 K (USD), Seed
Aug 17, 2021
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Investors
India Accelerator
& 16 more
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Employee Count
1
as on Mar 31, 2022
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Funding Insights of Hanchens
Hanchens has successfully raised a total of $103.12K through 1 strategic funding round. The most recent funding activity was a Seed round of $103.12 thousand completed in August 2021. 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 — $103,122
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First Round
First Round
(17 Aug 2021)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Seed - Hanchens | Valuation | India Accelerator , Vikram Duggal |
| 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 Hanchens
Hanchens has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include India Accelerator, Kuldeep Kaushik and Rudraksh Ventures. 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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Startup acceleration, funding, and mentorship services are delivered by India Accelerator.
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Founded Year | Domain | Location | |
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Early-stage tech investments in Denmark are made by Scale Capital.
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Founded Year | Domain | Location | |
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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 Hanchens
| 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 - Hanchens
| 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 |
Hanchens Comparisons
Competitors of Hanchens
Hanchens 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 Swiggy, EasyMovr, Kooriee and HUMhain, 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 |
Food and grocery items are ordered via an online network.
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| domain | founded_year | HQ Location |
Operates an app-based platform for B2B courier delivery services.
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| domain | founded_year | HQ Location |
Offers same-day local delivery services for small-sized items.
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| domain | founded_year | HQ Location |
On-demand hyperlocal deliveries are facilitated via a mobile app platform.
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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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Frequently Asked Questions about Hanchens
When was Hanchens founded?
Hanchens was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Hanchens located?
Hanchens is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Hanchens a funded company?
Hanchens is a funded company, having raised a total of $103.12K across 1 funding round to date. The company's 1st funding round was a Seed of $103.12K, raised on Aug 17, 2021.
How many employees does Hanchens have?
As of Mar 31, 2022, the latest employee count at Hanchens is 1.
What is the annual revenue of Hanchens?
Annual revenue of Hanchens is $157.52K as on Mar 31, 2022.
What does Hanchens do?
Hanchens operates with a B2C model, focusing on leveraging cutting-edge technology, operating online marketplaces, offering delivery services, and app-based logistics. Provides an app-based platform for B2C delivery services to consumers. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Who are the top competitors of Hanchens?
Who are Hanchens's investors?
Hanchens has 17 investors. Key investors include India Accelerator, Kuldeep Kaushik, Rudraksh Ventures, Scale Capital, and Vikram Duggal.
What is Hanchens's valuation?
The valuation of Hanchens is $3.39M as of Aug 2021.
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