About Litifer
Litifer is a company based in Gurugram (India) founded in 2016 by Vivek Kumar Baghotia. Litifer has raised $1.19 million across 3 funding rounds from investors including Wellfound, LetsVenture and Red Brook. The company has 3 employees as of March 28, 2024. Litifer operates in a competitive market with competitors including PayMango, AskmeOffers, Inloyal and Paytm Coupon, among others.
- Headquarter Gurugram, India
- Employees 3 as on 28 Mar, 2024
- Founders Vivek Kumar Baghotia
- Stage Minicorn
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Litifer Technologies Private Limited
- Date of Incorporation 09 Jun, 2017
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$564.2 (USD)-76.02as on Mar 31, 2022
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Net Profit
-$226.74 K (USD)-396.45as on Mar 31, 2022
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EBITDA
-$206.11 K (USD)-429.15as on Mar 31, 2022
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Total Equity Funding
$1.19 M (USD)
in 3 rounds
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Latest Funding Round
$1.01 M (USD), Seed
Jan 07, 2022
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Investors
Wellfound
& 40 more
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Employee Count
3
as on Mar 28, 2024
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Funding Insights of Litifer
Litifer has successfully raised a total of $1.19M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.01 million 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 3
- Last Round Seed — $1.0M
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First Round
First Round
(30 Sep 2020)
- Investors Count 41
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Seed - Litifer | Valuation | LetsVenture | |
| Apr, 2021 | Amount | Seed - Litifer | Valuation | M&S Partners | |
| Sep, 2020 | Amount | Angel Round - Litifer | Valuation | Rajesh Sawhney , Hitesh Chawla |
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Investors in Litifer
Litifer has secured backing from 41 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Wellfound, LetsVenture and Red Brook.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital funding is provided to innovative startups in India.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments
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Founded Year | Domain | Location | |
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Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth
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Founded Year | Domain | Location |
Investments & Acquisitions by Litifer
Financial Statements - Litifer
Litifer Comparisons
Competitors of Litifer
Litifer 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 PayMango, AskmeOffers, Inloyal and Paytm Coupon, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Marketing campaigns for local retailers are enabled via mobile app.
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| domain | founded_year | HQ Location |
Platform for finding verified coupons, deals, and writing product reviews.
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| domain | founded_year | HQ Location |
Digital loyalty pocket app for shoppers
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| domain | founded_year | HQ Location |
Serves as a Paytm affiliate platform for discovering and offering coupons.
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Latest news on Litifer
Frequently Asked Questions about Litifer
Litifer was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Litifer is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Litifer is a funded company, having raised a total of $1.19M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $33.86K, raised on Sep 30, 2020.
As of Mar 28, 2024, the latest employee count at Litifer is 3.
Annual revenue of Litifer is $564.2 as on Mar 31, 2022.
Litifer was established in 2016 in Gurugram, India, as a platform in the hyperlocal e-commerce sector. Discounts and cashback offers are provided to users via mobile devices, tailored to their location and surrounding offline retail stores. Operations focus on connecting consumers with nearby merchants for in-person purchases. As of August 2016, the associated app and website remained in pre-launch stages, with development centered on location-based services.
Litifer's top competitors include Paytm Coupon, AskmeOffers and PayMango.
Litifer has 41 investors. Key investors include Wellfound, LetsVenture, Red Brook, QED Innovation Labs, and Dinesh Agarwal.
The valuation of Litifer is $140.65M as of Jan 2022.