About honc
honc is a Transportation, Automotive & Logistics company based in Hyderabad (India) founded in 2020 by Rahul Marwar, Viraji Kondapally, and Niranjan Seelam. App-based onsite car service, wash and detailing service booking platform. It operates in the Transportation, Automotive & Logistics and Business Services sectors. honc has raised $433.3 thousand across 3 funding rounds from investors including Dholakia Ventures, Amey Mashelkar and Jasminder Singh Gulati. honc was last valued at $2.59 million in February 2022. Its Indian entity Ravini Technologies Private Limited reported revenue of ₹88.3 Lakh. Its focus areas include Consumer, Auto E-Commerce & Content, Aftermarket Service and Washing and Detailing. Its competitors include GoMechanic, GoBumpr and Ki Mobility Solutions; 3 of its 3 listed competitors have raised funding.
Company details
Honc was founded in 2020 in Hyderabad, India, as an app-based platform for booking onsite car services. Users provide location, personal details, and payment information to schedule appointments. Services encompass car grooming, general servicing, flat tire repairs, car spa treatments, and jumpstart assistance. The platform operates through applications available on iOS and Android devices, focusing on the automotive care sector.
- Headquarters Hyderabad, India
- Founders Rahul Marwar, Viraji Kondapally, Niranjan Seelam
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsBusiness Services
- Email••••••••
- Phone•••• ••••
- Website honc.io
- Social LinkedIn X Facebook
- Legal Name Ravini Technologies Private Limited
- Date of Incorporation 19 Aug, 2019
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹88.3 Lakh
FY 2023 · +171% YoY
- Net Loss-₹2.26 Cr
FY 2023 · -256% margin
- EBITDA-₹2.08 Cr
FY 2023 · -236% margin
- Total Equity Funding$433.3K (USD)
in 3 rounds
- Latest Funding Round$400K (USD), Seed
Feb 2022
- InvestorsDholakia Ventures
& 25 more
Associated legal entities of honc
honc operates through Ravini Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ravini Technologies Private Limited CIN U72900TG2019PTC134868 | Active | 19 Aug 2019 | Hyderabad, Telangana | ₹0.9 Cr | 21 | 3 | View details |
Funding Insights of honc
honc has successfully raised a total of $433.3K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $400 thousand completed in February 2022. 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 $433,296
- Total Rounds 3
- Last Round Seed — $400,000
- Investors Count 26
All 3 funding rounds of honc 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 |
|---|---|---|---|---|---|
| Feb 2022 | $400,000 | Seed | $2.59M | Amey Mashelkar, Jasminder Singh Gulati | |
| Nov 2021 | $33,296 | Seed | $666,639 | 100X.VC | – |
| Oct 2020 | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2022 | $2.59M | •••••••• |
Last known valuation $2.59M (Feb 2022). 26 investors in total: 2 institutional and 24 angel.
Investors in honc
honc has secured backing from 26 investors, including angel and venture fund investors. Prominent investors backing the company include Dholakia Ventures, Amey Mashelkar and Jasminder Singh Gulati.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investing in pre-seed to Series A startups across various sectors in India. | 2020 | dholakiaventures.com | Surat, India | |
Early-stage startups are funded by 100X.VC venture capital firm. | 100x.vc | Mumbai, India | ||
AM Amey Mashelkar | Angel investor, Head of JioGenNext, focused on deep tech and innovation | unknown_ef33f6a0101245c38 | ||
JS Jasminder Singh Gulati | Co-founder of NowFloats, angel investor in Indian startups | unknown_f4af5478553b4279a | ||
NP Nilesh Patel | Indian angel investor, tech entrepreneur, focused on early-stage startups | unknown_9d59e98514cb4a95a | ||
MR Muralidhar Raju | unknown_81a9e40f0c554d1a8 | |||
CP Chandana Punukollu | unknown_b57696fe288b45a28 | |||
TA Tabish Ahmed | unknown_ea2ab490c39944ad8 | |||
HP Hemant Pardesi | unknown_6d161197f7de45a38 | |||
RA Raghunath Ananth Mashelkar | unknown_57d04871b0c945e99 |
Investor details for honc
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Ravini Technologies Private Limited (honc)
Ravini Technologies Private Limited is the primary company behind honc. The board of Ravini Technologies Private Limited currently have 3 directors; the longest-serving is Danny Rahul Marwar, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Danny Rahul Marwar DIN 08540384 | Director | 19 Aug 2019 | 7 yrs 2 mo | Ravini Technologies Private Limited |
| Krishna Viraji Kondapally DIN 08540385 | Director | 19 Aug 2019 | 7 yrs 2 mo | Ravini Technologies Private Limited |
| Niranjan Kumar Seelam DIN 03101488 | Director | 30 Sep 2023 | 3 yrs 1 mo | Ravini Technologies Private Limited |
People of honc
3 people are tracked at honc (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & Product Owner | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for honc
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of honc
Figures of Ravini Technologies Private Limited, the primary company behind honc, for FY 2023. Revenue was ₹88.3 Lakh (+171% year on year). Net loss was -₹2.26 Cr (-256% margin). EBITDA was -₹2.08 Cr (-236% margin).
- ₹88.3 LakhRevenue · FY 2023 · +171% YoY
- -₹2.26 CrNet loss · -256% margin
- -₹2.08 CrEBITDA · -236% margin
- ₹1.23 CrPaid-up capital
- 21Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Ravini Technologies Private Limited are on its company page.
Detailed financial statements for honc
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of honc
4 dated milestones of honc across 2 years, from founding to its latest funding, stage changes and deals.
- Founded honc is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $400K.
- Milestone Reaches Minicorn status.
Competitors of honc
honc has 3 listed competitors in our database, 3 of them funded. They include GoMechanic, GoBumpr and Ki Mobility Solutions.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gomechanic.in | 2016 | Gurugram, India | $62.01M | 171 | Provider of car service and repair network | |
| gobumpr.com | 2015 | Chennai, India | $2.66M | 1,051 | App-based garage aggregation for auto repair and maintenance is offered. | |
| kimobility.in | 2020 | Chennai, India | $11.45M | 1,151 | Digital automotive marketplace platform |
Detailed competitors of honc
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Automotive Retail & Aftersales
3 companies that operate in the same segment as honc (Automotive Retail & Aftersales) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 |
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Related news about Honc
Complete news archive for honc
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Frequently Asked Questions about honc
honc was founded in 2020.
honc is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
honc is a funded company, having raised a total of $433.3K across 3 funding rounds to date.
The primary company behind honc, Ravini Technologies Private Limited, reported revenue of ₹88.3 Lakh for FY 2023, up 171% year on year.
Honc was founded in 2020 in Hyderabad, India, as an app-based platform for booking onsite car services. Users provide location, personal details, and payment information to schedule appointments. Services encompass car grooming, general servicing, flat tire repairs, car spa treatments, and jumpstart assistance. The platform operates through applications available on iOS and Android devices, focusing on the automotive care sector.
honc's top competitors include GoMechanic, GoBumpr and Ki Mobility Solutions.
honc has 26 investors. Key investors include Dholakia Ventures, Amey Mashelkar, Jasminder Singh Gulati, Nilesh Patel, and Muralidhar Raju.
The valuation of honc is $2.59M as of Feb 2022.
honc operates through Ravini Technologies Private Limited.
The legal entities of honc currently have 3 directors, including Danny Rahul Marwar, Krishna Viraji Kondapally, Niranjan Kumar Seelam.