About Hoopy Services
Hoopy Services is a Media & Entertainment company based in Bengaluru (India) founded in 2016. Online platform for news articles on sports, entertainment, and current events worldwide. It operates on a B2C model. Hoopy Services has raised $1.64 million across 7 funding rounds from investors including Lead Angels, Faad Capital and SucSEED Indovation. The company has 34 employees. Hoopy Services was last valued at $7.45 million in January 2022. Its Indian entity Nephonine Solutions Private Limited reported revenue of ₹2.36 Cr. Hoopy Services offers products and services including News Website and Article Updates. Its focus areas include Media, Sports News, Event Coverage and Cricket and Football. Its competitors include GoMechanic, Way2News and MyTVS; 3 of its 3 listed competitors have raised funding.
Company details
Daily News Cycle is an online news platform that delivers articles and updates on various topics, including sports events like cricket and football matches, global news such as visa restrictions and lotteries, and entertainment stories. It operates by publishing timely content in Hindi and English, serving audiences interested in daily headlines and previews. The platform appears to focus on Indian and international users, aggregating information from diverse sources without promotional bias.
- Headquarters Bengaluru, India
- Employees 34
- Stage Minicorn
- SectorsMedia & Entertainment
- Website hoopy.in
- Social X Facebook
- Legal Name Nephonine Solutions Private Limited
- Date of Incorporation 26 Feb, 2016
- Jurisdiction Bhopal, Madhya Pradesh, India
- Annual Revenue₹2.36 Cr
FY 2021 · +38% YoY
- Net Loss-₹1.07 Cr
FY 2021 · -45% margin
- EBITDA-₹1.01 Cr
FY 2021 · -43% margin
- Total Equity Funding$1.64M (USD)
in 7 rounds
- Latest Funding Round$229.19K (USD), Seed
Jan 2022
- InvestorsLead Angels
& 95 more
- Employee Count34
Associated legal entities of Hoopy Services
Hoopy Services operates through Nephonine Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nephonine Solutions Private Limited CIN U50102MP2016PTC035448 | Active | 26 Feb 2016 | Bhopal, Madhya Pradesh | ₹2.4 Cr | 34 | 4 | View details |
Products & Services of Hoopy Services
Hoopy Services offers a comprehensive portfolio of products and services, including News Website and Article Updates.
Platform for daily news articles and event updates
Service providing sports and global news in multiple languages
Funding Insights of Hoopy Services
Hoopy Services has successfully raised a total of $1.64M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $229.19 thousand completed in January 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 $1.64M
- Total Rounds 7
- Last Round Seed — $229,186
- First Round $500,000
(Jan 2017)
- Investors Count 79
All 10 funding rounds of Hoopy Services 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 |
|---|---|---|---|---|---|
| Jan 2022 | $229,186 | Seed | $7.45M | Deepak Tulsiyan | |
| Jun 2021 | $456,097 | Seed | $4.61M | Deepak Tulsiyan | |
| Oct 2020 | $224,825 | Seed | $••••• | Srinivas Kotta, Srinivas Kotta | |
| Aug 2019 | $113,108 | Seed | – | Lead Angels, Srinivas Kotta | |
| Oct 2018 | $61,603 | Seed | $••••• | Shiva Nandi Ventures | |
| May 2018 | Seed | – | – | ||
| Nov 2017 | $57,012 | Angel Round | $••••• | Chandrashekar Venkatesan | |
| Oct 2017 | Seed | – | – | ||
| Jan 2017 | $500,000 | Angel Round | – | – | |
| Dec 2016 | Seed | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2022 | $7.45M | •••••••• |
| Jun 2021 | $4.61M | •••••••• |
| Oct 2020 | $••••• | •••••••• |
| Oct 2018 | $••••• | •••••••• |
Full valuation and stage history of Hoopy Services
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $7.45M (Jan 2022). 96 investors in total: 8 institutional and 88 angel.
Investors in Hoopy Services
Hoopy Services has secured backing from 96 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Lead Angels, Faad Capital and SucSEED Indovation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in early to growth-stage tech startups across various sectors. | 2016 | sucseed-indovation.com | Hyderabad, India | |
Angel network focused on early-stage investments | 2015 | faad.in | Delhi, India | |
Investment in high-growth startups and angel funding services in India. | 2014 | leadangels.in | Mumbai, India | |
Multiple sectors are focused on by single-office venture capital firm. | Bengaluru, India | |||
Venture capital investments are directed toward companies in multiple sectors. | Bengaluru, India | |||
Produces and trades basic castor oil grades and derivatives for various industrial uses. | 2004 | rpkagrotech.com | Gandhidham, India | |
Investment banking services focused on M&A advisory, India entry, fund raising, and corporate strategy in various sectors. | 2002 | rcsadvisors.in | Pune, India | |
Small & middle market focused boutique investment bank | 2010 | creedcapasia.com | Bengaluru, India | |
DT Deepak Tulsiyan | unknown_6d8f75f8cd754b1c9 | |||
AG Abhishek Goel | unknown_2957f53eb4fe40f1b |
Investor details for Hoopy Services
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Nephonine Solutions Private Limited (Hoopy Services)
Nephonine Solutions Private Limited is the primary company behind Hoopy Services. The board of Nephonine Solutions Private Limited currently have 4 directors; the longest-serving is Shashank Dubey, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shashank Dubey DIN 07404140 | Director | 26 Feb 2016 | 10 yrs 8 mo | Nephonine Solutions Private Limited |
| Vedic Choubey DIN 07404149 | Director | 26 Feb 2016 | 10 yrs 8 mo | Nephonine Solutions Private Limited |
| Abhinav Shrivastava DIN 07662862 | Director | 22 Nov 2016 | 9 yrs 11 mo | Nephonine Solutions Private Limited |
| Subhendu Mandal DIN 02035633 | Director | 12 Jun 2017 | 9 yrs 4 mo | Nephonine Solutions Private Limited |
Financials of Hoopy Services
Figures of Nephonine Solutions Private Limited, the primary company behind Hoopy Services, for FY 2021. Revenue was ₹2.36 Cr (+38% year on year). Net loss was -₹1.07 Cr (-45% margin). EBITDA was -₹1.01 Cr (-43% margin). Revenue has grown at a compounded annual rate of +53% over three years.
- ₹2.36 CrRevenue · FY 2021 · +38% YoY
- -₹1.07 CrNet loss · -45% margin
- -₹1.01 CrEBITDA · -43% margin
- ₹1.7 LakhPaid-up capital
- 34Employees (provident fund records)
- +53%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Nephonine Solutions Private Limited are on its company page.
Detailed financial statements for Hoopy Services
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Hoopy Services
4 dated milestones of Hoopy Services across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Hoopy Services is founded.
- Funding First funding round of $500K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $229K.
Competitors of Hoopy Services
Hoopy Services has 3 listed competitors in our database, 3 of them funded. They include GoMechanic, Way2News and MyTVS.
| 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 | |
| way2news.com | 2014 | Hyderabad, India | $30.77M | 419 | Hyperlocal short news app is provided in multiple languages. | |
| mytvs.in | 2003 | Chennai, India | $223.22M | 1,292 | Online platform for booking automotive repair and maintenance services |
Detailed competitors of Hoopy Services
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Hoopy Services
The website of Hoopy Services (hoopy.in) receives about 1K visits a month.
- Monthly visits1K
▲ 317.9% vs previous month
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Related news about Hoopy Services
Complete news archive for Hoopy Services
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Hoopy Services
Hoopy Services was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Hoopy Services is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Hoopy Services is a funded company, having raised a total of $1.64M across 7 funding rounds to date.
Hoopy Services has 34 employees.
The primary company behind Hoopy Services, Nephonine Solutions Private Limited, reported revenue of ₹2.36 Cr for FY 2021, up 38% year on year.
Daily News Cycle is an online news platform that delivers articles and updates on various topics, including sports events like cricket and football matches, global news such as visa restrictions and lotteries, and entertainment stories. It operates by publishing timely content in Hindi and English, serving audiences interested in daily headlines and previews. The platform appears to focus on Indian and international users, aggregating information from diverse sources without promotional bias.
Hoopy Services's top competitors include GoMechanic, Way2News and MyTVS.
Hoopy Services offers News Website and Article Updates.
Hoopy Services has 96 investors. Key investors include Lead Angels, Faad Capital, SucSEED Indovation, RCS Advisors, and CreedCap Asia Advisors.
The valuation of Hoopy Services is $7.45M as of Jan 2022.
Hoopy Services operates through Nephonine Solutions Private Limited.
The legal entities of Hoopy Services currently have 4 directors, including Abhinav Shrivastava, Shashank Dubey, Subhendu Mandal and others.