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
*********
- 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. 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.
Branded products that promote responsible and moderate alcohol consumption for adult users.
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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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| 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 HipBar
HipBar has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include CRED and Diageo India. 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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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 |
| 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.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
|
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 HipBar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - HipBar
| 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
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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| 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 Hipbar
Frequently Asked Questions about HipBar
When was HipBar founded?
HipBar was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is HipBar located?
HipBar is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Is HipBar a funded company?
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.
How many employees does HipBar have?
As of Apr 06, 2024, the latest employee count at HipBar is 10.
What is the annual revenue of HipBar?
Annual revenue of HipBar is $18.58K as on Mar 31, 2023.
What does HipBar do?
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.
Who are the top competitors of HipBar?
HipBar's top competitors include Spiritzone, Sip Direct and Hedonne.
What products or services does HipBar offer?
HipBar offers HipBar Beverages.
Who are HipBar's investors?
HipBar has 2 investors. Key investors include CRED, and Diageo India.
What is HipBar's valuation?
The valuation of HipBar is $15.18M as of Jun 2018.
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