About HipBar
HipBar is a company based in Chennai (India) founded in 2015 was acquired by CRED in October 2021. HipBar has raised $4.24 million across 2 funding rounds from investors including CRED and Diageo India. The company has 10 employees as of April 06, 2024. HipBar offers products and services including HipBar Beverages. HipBar operates in a competitive market with competitors including Sip Direct, Liquesip, Spiritzone, TullyGully and Dooze, among others.
- Headquarter Chennai, India
- Employees 10 as on 06 Apr, 2024
- Stage Minicorn
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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 Dreampurse Technologies Private Limited
- Date of Incorporation 20 Feb, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$18.58 K (USD)-40.69as on Mar 31, 2023
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Net Profit
-$305 K (USD)-3.72as on Mar 31, 2023
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EBITDA
-$321.93 K (USD)-56.99as on Mar 31, 2023
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Total Equity Funding
$4.24 M (USD)
in 2 rounds
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Latest Funding Round
$260.99 K (USD), Series A
Jul 27, 2020
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Investors
CRED
& 1 more
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Employee Count
10
as on Apr 06, 2024
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Acquired by
CRED
(Oct 21, 2021)
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Products & Services of HipBar
HipBar offers a comprehensive portfolio of products and services, including HipBar Beverages.
Branded products that promote responsible and moderate alcohol consumption for adult users.
People of HipBar
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Funding Insights of HipBar
HipBar has successfully raised a total of $4.24M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $260.99 thousand completed in July 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 2
- Last Round Series A — $260,985
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First Round
First Round
(25 Jun 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Series A - HipBar | Valuation | Diageo India |
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| Jun, 2018 | Amount | Series A - HipBar | Valuation | Diageo India |
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Investors in HipBar
HipBar has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include CRED and Diageo India.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multi-category alcoholic beverages are produced and distributed by Diageo India.
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Founded Year | Domain | Location | |
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CRED is operated as a members-only financial rewards club.
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Founded Year | Domain | Location |
Investments & Acquisitions by HipBar
Financial Statements - HipBar
Hipbar Comparisons
Competitors of HipBar
HipBar 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 Sip Direct, Liquesip, Spiritzone, TullyGully and Dooze, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for purchasing and delivering liquor, sodas, and cocktail mixes.
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| domain | founded_year | HQ Location |
Online platform for slot games with easy registration and deposits.
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| domain | founded_year | HQ Location |
An app-based platform for ordering and delivering alcohol conveniently.
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| domain | founded_year | HQ Location |
An app-based platform providing a range of alcohol products directly to consumers.
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| domain | founded_year | HQ Location |
Delivers wine, beer, and spirits to doorsteps with quick one-hour service.
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Frequently Asked Questions about HipBar
HipBar was founded in 2015 and raised its 1st funding round 3 years after it was founded.
HipBar is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
HipBar is a funded company, having raised a total of $4.24M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.98M, raised on Jun 25, 2018.
As of Apr 06, 2024, the latest employee count at HipBar is 10.
Annual revenue of HipBar is $18.58K as on Mar 31, 2023.
HipBar was founded in 2015 in Chennai, India, as a mobile platform in the alcohol discovery sector. Nearby bars and liquor stores are browsed by users, with drinks such as beer, whisky, tequila, rum, brandy, gin, wine, and vodka selected and paid for online. Operations cover Kolkata, Bhubaneswar, Rourkela, and other areas.
HipBar's top competitors include Spiritzone, Sip Direct and Hedonne.
HipBar offers HipBar Beverages.
HipBar has 2 investors. Key investors include CRED, and Diageo India.
The valuation of HipBar is $15.18M as of Jun 2018.