About Hitch Biker
Hitch Biker is a company based in Chennai (India) founded in 2016.. Hitch Biker has raised $37.96 thousand across 1 funding round from investors including Adnan Ali, Billy Paul Wilson and Fathima Arzu T P. Hitch Biker operates in a competitive market with competitors including Rapido, Bikxie, Haye, Getbike and RunningRiders, among others.
- Headquarter Chennai, India
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Sectors
Transportation, Automotive & Logistics
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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 Blue Corps Creative Private Limited
- Date of Incorporation 20 Sep, 2016
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
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Net Profit
$-2.09 K (USD)30as on Mar 31, 2018
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EBITDA
$-2.04 K (USD)30as on Mar 31, 2018
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Total Equity Funding
$37.96 K (USD)
in 1 rounds
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Latest Funding Round
$37.96 K (USD), Angel Round
Jan 19, 2019
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Investors
& 8 more
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Employee Count
Employee Count
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Funding Insights of Hitch Biker
Hitch Biker has successfully raised a total of $37.96K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $37.96 thousand completed in January 2019. 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 Angel Round — $37,958
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First Round
First Round
(19 Jan 2019)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Angel Round - Hitch Biker | Valuation | Adnan Ali , Sampath V |
| 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 Hitch Biker
Hitch Biker has secured backing from 9 investors, including angel investors. Prominent investors backing the company include Adnan Ali, Billy Paul Wilson and Fathima Arzu T P. 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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AA
Adnan Ali |
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Founded Year | Domain | Location |
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BP
Billy Paul Wilson |
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Founded Year | Domain | Location |
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FA
Fathima Arzu T P |
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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 Hitch Biker
| 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 - Hitch Biker
| 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 |
Hitch Biker Comparisons
Competitors of Hitch Biker
Hitch Biker 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 Rapido, Bikxie, Haye, Getbike and RunningRiders, 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 |
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions
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| domain | founded_year | HQ Location |
Bike taxis are booked via a mobile application in Gurugram.
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| domain | founded_year | HQ Location |
Functions as an app-based aggregator for bike ride-hailing services.
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| domain | founded_year | HQ Location |
Bike taxis are hailed via a mobile app in Hyderabad.
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| domain | founded_year | HQ Location |
Two-wheeler pooling is enabled via an online platform for commuters.
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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 Hitch Biker
When was Hitch Biker founded?
Hitch Biker was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Hitch Biker located?
Hitch Biker is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Is Hitch Biker a funded company?
Hitch Biker is a funded company, having raised a total of $37.96K across 1 funding round to date. The company's 1st funding round was a Angel Round of $37.96K, raised on Jan 19, 2019.
What does Hitch Biker do?
Hitch Biker was founded in 2016 in Chennai, India, as an app-based service in the transportation sector. Rides for taxis or bikes are facilitated through the platform, where bookings are made based on specified pickup and drop-off locations. The application is accessible on both Android and iOS devices, supporting urban mobility needs in the region.
Who are the top competitors of Hitch Biker?
Hitch Biker's top competitors include Rapido, Bikxie and Pillion Rides.
Who are Hitch Biker's investors?
Hitch Biker has 9 investors. Key investors include Adnan Ali, Billy Paul Wilson, Fathima Arzu T P, Alok Thomas Paul, and Aqeel Junaize.
What is Hitch Biker's valuation?
The valuation of Hitch Biker is $108.06K as of Jan 2019.