About honc
honc is a company based in Hyderabad (India) founded in 2020 by Rahul Marwar, Viraji Kondapally, and Niranjan Seelam.. honc has raised $433.3 thousand across 3 funding rounds from investors including Dholakia Ventures, Amey Mashelkar and Jasminder Singh Gulati. honc operates in a competitive market with competitors including GoMechanic, GoBumpr, Ki Mobility Solutions, Carcrew and Hoora, among others.
- Headquarter Hyderabad, India
- Founders Rahul Marwar, Viraji Kondapally, Niranjan Seelam
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsBusiness Services
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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 Ravini Technologies Private Limited
- Date of Incorporation 19 Aug, 2019
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$106.16 K (USD)170.77as on Mar 31, 2023
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Net Profit
$-271.31 K (USD)-79.07as on Mar 31, 2023
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EBITDA
$-250.42 K (USD)-68.15as on Mar 31, 2023
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Total Equity Funding
$433.3 K (USD)
in 3 rounds
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Latest Funding Round
$400 K (USD), Seed
Feb 05, 2022
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Investors
Dholakia Ventures
& 25 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 3
- Last Round Seed — $400,000
- First Round First Round
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - honc | Valuation | Amey Mashelkar , Jasminder Singh Gulati | |
| Nov, 2021 | Amount | Seed - honc | Valuation | 100X.VC |
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| Oct, 2020 | Amount | Seed - honc | Valuation |
investors |
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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 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. 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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Investing in pre-seed to Series A startups across various sectors in India.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by 100X.VC venture capital firm.
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Founded Year | Domain | Location | |
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AM
Amey Mashelkar |
Angel investor, Head of JioGenNext, focused on deep tech and innovation
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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 honc
| 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 - honc
| 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 |
Honc Comparisons
Competitors of honc
honc 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 GoMechanic, GoBumpr, Ki Mobility Solutions, Carcrew and Hoora, 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 |
Provider of car service and repair network
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| domain | founded_year | HQ Location |
App-based garage aggregation for auto repair and maintenance is offered.
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| domain | founded_year | HQ Location |
Digital automotive marketplace platform
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| domain | founded_year | HQ Location |
Online portal for car servicing
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| domain | founded_year | HQ Location |
Automotive aftermarket services are booked through an app-based platform.
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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 honc
When was honc founded?
honc was founded in 2020.
Where is honc located?
honc is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is honc a funded company?
honc is a funded company, having raised a total of $433.3K across 3 funding rounds to date.
What is the annual revenue of honc?
Annual revenue of honc is $106.16K as on Mar 31, 2023.
What does honc do?
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.
Who are the top competitors of honc?
honc's top competitors include GoMechanic, GoBumpr and Ki Mobility Solutions.
Who are honc's investors?
honc has 26 investors. Key investors include Dholakia Ventures, Amey Mashelkar, Jasminder Singh Gulati, Nilesh Patel, and Muralidhar Raju.
What is honc's valuation?
The valuation of honc is $2.59M as of Feb 2022.
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