About HipBar
HipBar is a Retail company based in Chennai (India) founded in 2015, and was acquired by CRED in October 2021. Bars and liquor stores are discovered via a mobile app. HipBar has raised $4.24 million across 2 funding rounds from investors including CRED and Diageo India. The company has 10 employees. HipBar was last valued at $15.18 million in June 2018. Its Indian entity Dreampurse Technologies Private Limited reported revenue of ₹95.5 Lakh. HipBar offers products and services including HipBar Beverages. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Beverages. Its competitors include Sip Direct, Liquesip and Spiritzone.
Company details
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.
- Headquarters Chennai, India
- Employees 10
- Stage Acquired
- SectorsRetail
- Email••••••••
- Website hipbar.com
- Social X
- Acquired by CRED (Oct 2021)
- Legal Name Dreampurse Technologies Private Limited
- Date of Incorporation 20 Feb, 2015
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of HipBar
HipBar operates through Dreampurse Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Dreampurse Technologies Private Limited CIN U55101MH2015PTC411564 | Active | 20 Feb 2015 | Mumbai, Maharashtra | ₹1.0 Cr | 10 | 4 | View details |
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.
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 $4.24M
- Total Rounds 2
- Last Round Series A — $260,985
- First Round $3.98M
(Jun 2018)
- Investors Count 1
All 2 funding rounds of HipBar 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 |
|---|---|---|---|---|---|
| Jul 2020 | $260,985 | Series A | – | Diageo India | – |
| Jun 2018 | $3.98M | Series A | $15.18M | Diageo India | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2018 | $15.18M | •••••••• |
Last known valuation $15.18M (Jun 2018). 2 investors in total: 2 institutional.
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 |
|---|---|---|---|---|
Multi-category alcoholic beverages are produced and distributed by Diageo India. | 1826 | diageoindia.com | Bengaluru, India | |
CRED is operated as a members-only financial rewards club. | 2018 | cred.club | Bengaluru, India |
Investor details for HipBar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Dreampurse Technologies Private Limited (HipBar)
Dreampurse Technologies Private Limited is the primary company behind HipBar. The board of Dreampurse Technologies Private Limited currently have 3 directors; the longest-serving is Kunal Naresh Shah, appointed in 2021. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kunal Naresh Shah DIN 01653176 | Director | 12 Oct 2021 | 5 yrs | Dreampurse Technologies Private Limited |
| Rohan Shah Naresh DIN 07878167 | Director | 12 Oct 2021 | 5 yrs | Dreampurse Technologies Private Limited |
| Narasimha Sastry Vasanth DIN 08816981 | Director | 24 Feb 2023 | 3 yrs 8 mo | Dreampurse Technologies Private Limited |
People of HipBar
2 people are tracked at HipBar (1 in leadership, 1 in team); the tracked headcount is 10.
| Name | Role | Group |
|---|---|---|
Praveen Krishnamurthy | Vice President | Leadership |
Varun Pruthi | Customer Service Management | Team |
Complete people profiles for HipBar
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of HipBar
Figures of Dreampurse Technologies Private Limited, the primary company behind HipBar, for FY 2024. Revenue was ₹95.5 Lakh (+518% year on year). Net loss was -₹3.26 Cr (-341% margin). EBITDA was -₹3.26 Cr (-341% margin). Revenue has grown at a compounded annual rate of +31% over three years and -7% over five years.
- ₹95.5 LakhRevenue · FY 2024 · +518% YoY
- -₹3.26 CrNet loss · -341% margin
- -₹3.26 CrEBITDA · -341% margin
- ₹80.07 CrPaid-up capital
- 10Employees (provident fund records)
- +31%Revenue CAGR, 3 years
- -7%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Dreampurse Technologies Private Limited are on its company page.
Detailed financial statements for HipBar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of HipBar
5 dated milestones of HipBar across 6 years, from founding to its latest funding, stage changes and deals.
- Founded HipBar is founded.
- Funding First funding round of $4.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $261K.
- Exit Acquired by CRED.
Competitors of HipBar
HipBar has 3 listed competitors in our database. They include Sip Direct, Liquesip and Spiritzone.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sipdirect.com | 2021 | New Delhi, India | 12 | Online platform for purchasing and delivering liquor, sodas, and cocktail mixes. | ||
| liquesip.com | 2020 | Kolkata, India | 34 | Online platform for slot games with easy registration and deposits. | ||
| spiritzone.in | 2020 | Thane, India | An app-based platform for ordering and delivering alcohol conveniently. |
Detailed competitors of HipBar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Food & Grocery Retail
3 companies that operate in the same segment as HipBar (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 3.54 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 |
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Related news about Hipbar
Complete news archive for HipBar
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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 2018.
HipBar has 10 employees.
The primary company behind HipBar, Dreampurse Technologies Private Limited, reported revenue of ₹95.5 Lakh for FY 2024, up 518% year on year.
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 Liquesip.
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.
HipBar operates through Dreampurse Technologies Private Limited.
Yes. HipBar was acquired by CRED in October 2021.