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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| 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 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. 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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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 |
| 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.
|
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 Litifer
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
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 |
Financial Statements - Litifer
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
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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| 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 Litifer
When was Litifer founded?
Litifer was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Litifer located?
Litifer is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Litifer a funded company?
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.
How many employees does Litifer have?
As of Mar 28, 2024, the latest employee count at Litifer is 3.
What is the annual revenue of Litifer?
Annual revenue of Litifer is $564.2 as on Mar 31, 2022.
What does Litifer do?
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.
Who are the top competitors of Litifer?
Litifer's top competitors include Paytm Coupon, AskmeOffers and PayMango.
Who are Litifer's investors?
Litifer has 41 investors. Key investors include Wellfound, LetsVenture, Red Brook, QED Innovation Labs, and Dinesh Agarwal.
What is Litifer's valuation?
The valuation of Litifer is $140.65M as of Jan 2022.