About Hoopy Services
Hoopy Services is a company based in Bengaluru (India) founded in 2016. It operates as a B2C. Hoopy Services has raised $1.64 million across 10 funding rounds from investors including Lead Angels, Faad Capital and SucSEED Indovation. The company has 34 employees as of March 31, 2021. Hoopy Services offers products and services including News Website and Article Updates. Hoopy Services operates in a competitive market with competitors including GoMechanic, Way2News, MyTVS, GoBumpr and VehicleCare, among others.
- Headquarter Bengaluru, India
- Employees 34 as on 31 Mar, 2021
- Stage Minicorn
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nephonine Solutions Private Limited
- Date of Incorporation 26 Feb, 2016
- Jurisdiction Bhopal, Madhya Pradesh, India
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Annual Revenue
$317.29 K (USD)37.76as on Mar 31, 2021
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Net Profit
$-143.56 K (USD)-33.88as on Mar 31, 2021
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EBITDA
$-135.49 K (USD)-27.03as on Mar 31, 2021
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Total Equity Funding
$1.64 M (USD)
in 10 rounds
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Latest Funding Round
$229.19 K (USD), Seed
Jan 03, 2022
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Investors
Lead Angels
& 95 more
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Employee Count
34
as on Mar 31, 2021
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Products & Services of Hoopy Services
Hoopy Services offers a comprehensive portfolio of products and services, including News Website and Article Updates. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 10 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 Total Funding
- Total Rounds 10
- Last Round Seed — $229,186
- First Round First Round
- Investors Count 96
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - Hoopy Services | Valuation | Deepak Tulsiyan | |
| Jun, 2021 | Amount | Seed - Hoopy Services | Valuation | Deepak Tulsiyan | |
| Oct, 2020 | Amount | Seed - Hoopy Services | Valuation | Srinivas Kotta , Srinivas Kotta |
| 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 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. 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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Investment in early to growth-stage tech startups across various sectors.
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Founded Year | Domain | Location | |
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Angel network focused on early-stage investments
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Founded Year | Domain | Location | |
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Investment in high-growth startups and angel funding services in India.
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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 Hoopy Services
| 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 - Hoopy Services
| 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 |
Hoopy Services Comparisons
Competitors of Hoopy Services
Hoopy Services 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, Way2News, MyTVS, GoBumpr and VehicleCare, 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 |
Hyperlocal short news app is provided in multiple languages.
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| domain | founded_year | HQ Location |
Online platform for booking automotive repair and maintenance services
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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 |
AI-based car repair and maintenance services are delivered.
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| domain | founded_year | HQ Location |
Digital automotive marketplace 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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Latest news on Hoopy Services
Frequently Asked Questions about Hoopy Services
When was Hoopy Services founded?
Hoopy Services was founded in 2016.
Where is Hoopy Services located?
Hoopy Services is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Hoopy Services a funded company?
Hoopy Services is a funded company, having raised a total of $1.64M across 10 funding rounds to date. The company's 1st funding round was a Seed of $224.83K, raised on Dec 01, 2016.
How many employees does Hoopy Services have?
As of Mar 31, 2021, the latest employee count at Hoopy Services is 34.
What is the annual revenue of Hoopy Services?
Annual revenue of Hoopy Services is $317.29K as on Mar 31, 2021.
What does Hoopy Services do?
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.
Who are the top competitors of Hoopy Services?
Hoopy Services's top competitors include GoMechanic, Way2News and MyTVS.
What products or services does Hoopy Services offer?
Hoopy Services offers News Website and Article Updates.
Who are Hoopy Services's investors?
Hoopy Services has 96 investors. Key investors include Lead Angels, Faad Capital, SucSEED Indovation, RCS Advisors, and CreedCap Asia Advisors.
What is Hoopy Services's valuation?
The valuation of Hoopy Services is $7.45M as of Jan 2022.
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