About Jugnoo
Jugnoo is a company based in Chandigarh (India) founded in 2014.. Jugnoo has raised $16.93 million across 6 funding rounds from investors including Paytm, Ashika Group and MGH Group. The company has 58 employees as of April 08, 2024. Jugnoo has completed 3 acquisitions, including AutoWale, Sabkuchfresh and Yelo. Jugnoo offers products and services including Taxi Service, Bike Rides, Auto Service, Rental Service, and Outstation Service. Jugnoo operates in a competitive market with competitors including HolaChef, Masala Box, TinMen, cloudChef and Eatfresh, among others.
- Headquarter Chandigarh, India
- Employees 58 as on 08 Apr, 2024
- Stage Minicorn
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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 Socomo Technologies Private Limited
- Date of Incorporation 18 Dec, 2012
- Jurisdiction Chandigarh, Chandigarh, India
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Annual Revenue
$2.03 M (USD)34.96as on Mar 31, 2023
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Net Profit
$145.92 K (USD)1795.39as on Mar 31, 2023
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EBITDA
$105.22 K (USD)206.29as on Mar 31, 2023
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Total Equity Funding
$16.93 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Paytm
& 39 more
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Employee Count
58
as on Apr 08, 2024
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Investments & Acquisitions
AutoWale
& 2 more
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Products & Services of Jugnoo
Jugnoo offers a comprehensive portfolio of products and services, including Taxi Service, Bike Rides, Auto Service, Rental Service, and Outstation Service. 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.
App-based booking for affordable taxi rides in cities.
On-demand bike services for quick urban travel options.
Budget-friendly auto-rickshaw bookings for local trips.
Booking for multi-stop car rentals with dedicated drivers.
Intercity travel options using convenient and affordable cars.
Eco-friendly, budget rides for short distances in towns.
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Funding Insights of Jugnoo
Jugnoo has successfully raised a total of $16.93M across 6 strategic funding rounds. 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 6
- Last Round Last Round
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First Round
First Round
(25 Mar 2015)
- Investors Count 40
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Grant - Jugnoo | Valuation |
investors |
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| Mar, 2016 | Amount | Series B - Jugnoo | Valuation | Paytm | |
| Feb, 2016 | Amount | Angel Round - Jugnoo | Valuation | Soumya Tandon |
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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 Jugnoo
Jugnoo has secured backing from 40 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Paytm, Ashika Group and MGH Group. 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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Sector-agnostic acceleration is provided to startups through global programs.
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Founded Year | Domain | Location | |
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Rocketship.vc is engaged in data mining and startup investment.
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Founded Year | Domain | Location | |
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Investment management for public and private equity between India and the USA.
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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 Jugnoo
Jugnoo has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include AutoWale, Sabkuchfresh and Yelo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Yelo is recognized as a hyperlocal ordering and delivery platform.
|
2014 | ||||
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Fresh fruits and vegetables are ordered online via the platform.
|
2012 | ||||
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Online auto-rickshaw aggregator
|
2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Jugnoo
| 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 |
Jugnoo Comparisons
Competitors of Jugnoo
Jugnoo 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 HolaChef, Masala Box, TinMen, cloudChef and Eatfresh, 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 |
Online marketplace offers chef prepared meals
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| domain | founded_year | HQ Location |
Homemade tiffin delivery services are provided via an online marketplace.
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| domain | founded_year | HQ Location |
Offers a mobile app for convenient lunch subscription services.
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| domain | founded_year | HQ Location |
Chef-prepared meals are discovered and ordered via an online platform.
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| domain | founded_year | HQ Location |
Online marketplace for chef prepared food
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| domain | founded_year | HQ Location |
Mobile app for discovering and ordering home-cooked meals.
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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 Jugnoo
Frequently Asked Questions about Jugnoo
When was Jugnoo founded?
Jugnoo was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Jugnoo located?
Jugnoo is headquartered in Chandigarh, India.
Is Jugnoo a funded company?
Jugnoo is a funded company, having raised a total of $16.93M across 6 funding rounds to date.
How many employees does Jugnoo have?
As of Apr 08, 2024, the latest employee count at Jugnoo is 58.
What is the annual revenue of Jugnoo?
Annual revenue of Jugnoo is $2.03M as on Mar 31, 2023.
What does Jugnoo do?
Jugnoo was founded in 2014 in Chandigarh, India, as an app-based platform in the transportation sector. Auto-rickshaw rides are facilitated for users who input their location, destination, personal details, and payment information. The service operates on iOS and Android devices, enabling on-demand bookings within urban areas of India. Operations focus on connecting passengers with local auto-rickshaw drivers efficiently.
Who are the top competitors of Jugnoo?
Jugnoo's top competitors include Masala Box, HolaChef and TinMen.
What products or services does Jugnoo offer?
Jugnoo offers Taxi Service, Bike Rides, Auto Service, Rental Service, and 2 more products and services.
How many acquisitions has Jugnoo made?
Jugnoo has made 3 acquisitions, including AutoWale, Sabkuchfresh, and Yelo.
Who are Jugnoo's investors?
Jugnoo has 40 investors. Key investors include Paytm, Ashika Group, MGH Group, Snow Leopard Global, and Snow Leopard Ventures.
What is Jugnoo's valuation?
The valuation of Jugnoo is $53.88M as of Mar 2016.