About Ninety One
Ninety One is a Transportation, Automotive & Logistics company based in Ahmedabad (India) founded in 2015 by Vishal Chopra and Sachin Chopra. Ninety One is engaged in selling bicycles and fitness equipment. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. Ninety One has raised $42.52 million across 9 funding rounds from investors including Alteria Capital, A91 Partners and Brand Capital. The company has 101 employees. Ninety One was last valued at $106.16 million in October 2021. Its chief executive, as recorded, is Sachin Chopra. Its website outdoors91.com draws about 116 thousand monthly visits. Its Indian entity Alphavector (India)Private Limited reported revenue of ₹236 Cr. Ninety One offers products and services including Electric Cycles, Electric Scooters, Bicycles, Treadmills, and Electric Ride-Ons. Its focus areas include Consumer Goods, Sporting Goods, Bicycles and Accessories and Fitness Equipment.
Company details
Ninety One is involved in the production and sale of mobility and fitness solutions, including electric cycles, traditional bicycles, electric scooters, treadmills, and electric ride-on toys for children. The company operates in the consumer goods sector, focusing on sporting and fitness equipment. Products are designed and manufactured in India with state-of-the-art facilities spanning over 300,000 square feet. Emphasis is placed on safety, endurance, and affordability, with partnerships established with global brands for world-class components. After-sales support is provided across more than 600 cities in India.
- Headquarters Ahmedabad, India
- Employees 101
- Founders Vishal Chopra, Sachin Chopra
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Website category Vehicles · Motorcycles
- Email••••••••
- Phone•••• ••••
- Website outdoors91.com
- Social LinkedIn X Facebook Instagram YouTube Threads
- Legal Name Alphavector (India)Private Limited
- Date of Incorporation 20 Aug, 1987
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹236 Cr
FY 2025 · +18% YoY
- Net Loss-₹20.74 Cr
FY 2025 · -9% margin
- EBITDA-₹10.67 Cr
FY 2025 · -5% margin
- Total Equity Funding$42.52M (USD)
in 9 rounds
- Latest Funding Round$2.53M (USD), Series A
Feb 2026
- InvestorsAlteria Capital
& 16 more
- Employee Count101
Associated legal entities of Ninety One
Ninety One operates through Alphavector (India)Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Alphavector (India)Private Limited CIN U51909GJ1987PTC009908 | Active | 20 Aug 1987 | Ahmedabad, Gujarat | ₹236 Cr | 101 | 7 | View details |
Products & Services of Ninety One
Ninety One offers a comprehensive portfolio of products and services, including Electric Cycles, Electric Scooters, Bicycles, Treadmills, and Electric Ride-Ons.
Electric cycles are offered for eco-friendly commuting solutions.
Electric scooters are provided for urban mobility needs.
Traditional bicycles are sold for fitness and commuting.
Treadmills are available for home fitness workouts.
Electric ride-ons are designed for children's entertainment.
Apps and channels of Ninety One
its YouTube channel Ninety One Cycles | 91 Bikes has 114K subscribers and 30 videos.
Videos from Ninety One
The most watched videos on Ninety One's YouTube channel, Ninety One Cycles | 91 Bikes (114K subscribers). Click a video to play it here.
More on Ninety One Cycles | 91 Bikes.
Funding Insights of Ninety One
Ninety One has successfully raised a total of $42.52M across 9 strategic funding rounds. The most recent funding activity was a Series A round of $2.53 million completed in February 2026. 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 $42.52M
- Total Rounds 9
- Last Round Series A — $2.53M
- First Round $160,715
(Jan 2015)
- Investors Count 17
All 9 funding rounds of Ninety One 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 |
|---|---|---|---|---|---|
| Feb 2026 | $2.53M | Series A | – | Gujarat Venture Finance | – |
| May 2025 | $3.73M | Series A | – | A91 Partners | |
| Mar 2024 | Series A | – | Brand Capital | – | |
| Oct 2021 | $29.96M | Series A | $106.16M | A91 Partners | |
| Aug 2021 | $2.89M | Debt – Conventional | – | – | |
| Jan 2020 | $2.52M | Series A | $26.37M | Avaana Capital Advisors | |
| Mar 2018 | $3.09M | Series A | $••••• | Fireside Ventures | – |
| Apr 2016 | $528,255 | Seed | $••••• | Atul Goel, SAB Holding | – |
| Jan 2015 | $160,715 | Seed | $••••• | GNL | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2021 | $106.16M | •••••••• |
| Jan 2020 | $26.37M | •••••••• |
| Mar 2018 | $••••• | •••••••• |
| Apr 2016 | $••••• | •••••••• |
| Jan 2015 | $••••• | •••••••• |
Full valuation and stage history of Ninety One
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 $106.16M (Oct 2021). 17 investors in total: 10 institutional and 7 angel.
Investors in Ninety One
Ninety One has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Alteria Capital, A91 Partners and Brand Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage startups are made by Brand Capital. | brandcapital.co.in | Mumbai, India | ||
Investment partnerships and support for founders in software, financial services, and consumer sectors. | 2018 | a91partners.com | Mumbai, India | |
Avaana Capital is engaged in venture capital investments for deep tech startups. | avaanacapital.com | Mumbai, India | ||
Early-stage consumer brand companies are invested in by Fireside Ventures. | firesideventures.com | Bengaluru, India | ||
Investments are made in early-stage companies by Titan Capital. | titancapital.vc | Gurugram, India | ||
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Private equity fund, investment holding & business conglomerate company | sab-holding.com | Jeddah, Saudi Arabia | ||
| gvfl.com | ||||
Limited information available | ||||
| sab-investment.com |
Investor details for Ninety One
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Alphavector (India)Private Limited (Ninety One)
Alphavector (India)Private Limited is the primary company behind Ninety One. The board of Alphavector (India)Private Limited currently have 7 directors; the longest-serving is Sachin Ramesh Chopra, appointed in 2014. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sachin Ramesh Chopra DIN 00060242 | Director | 04 Oct 2014 | 12 yrs 1 mo | Alphavector (India)Private Limited |
| Vishal Ramesh Chopra DIN 00060257 | Director | 04 Oct 2014 | 12 yrs 1 mo | Alphavector (India)Private Limited |
| Vinay Singh DIN 07322458 | Nominee Director | 19 Sep 2018 | 8 yrs 1 mo | Alphavector (India)Private Limited |
| Ramesh Bankaram Chopra DIN 00015983 | Director | 06 Feb 2020 | 6 yrs 8 mo | Alphavector (India)Private Limited |
| Satish Bankaram Chopra DIN 00012263 | Director | 26 Oct 2021 | 5 yrs | Alphavector (India)Private Limited |
| Bharadwaj Thiruvenkata Venkatavaraghavan DIN 02918495 | Nominee Director | 26 Oct 2021 | 5 yrs | Alphavector (India)Private Limited |
| Sandeep Singhal DIN 00422796 | Nominee Director | 26 Nov 2021 | 4 yrs 11 mo | Alphavector (India)Private Limited |
People of Ninety One
14 people are tracked at Ninety One (4 in leadership, 10 in team); the tracked headcount is 101.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Chintan Sanghvi | Vice President Information Technology & Business | Leadership |
Pranay Shinde | Creative Head & Content Manager | Leadership |
Jeet Patel | React Developer | Team |
Manish Pareghi | UX Lead | Team |
Parth S. Kaushik | Senior Legal Counsel | Team |
Rahul Pithadia | Accounts & Finance | Team |
Nieraj Pattil | Digital Content Creator | Team |
Gaurav Desai - Digital Hawker | Digital Marketing Lead | Team |
Arunkumar Sukumaramenon | AVP | Team |
Ravi Kumar | Mobile Application Developer - Flutter Developer | Team |
Amar Singh Sengar | Senior Software Engineer | Team |
Manish Kori | QA Tester | Team |
Complete people profiles for Ninety One
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Ninety One
Figures of Alphavector (India)Private Limited, the primary company behind Ninety One, for FY 2025. Revenue was ₹236 Cr (+18% year on year). Net loss was -₹20.74 Cr (-9% margin). EBITDA was -₹10.67 Cr (-5% margin).
- ₹236 CrRevenue · FY 2025 · +18% YoY
- -₹20.74 CrNet loss · -9% margin
- -₹10.67 CrEBITDA · -5% margin
- ₹97.8 LakhPaid-up capital
- 101Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Alphavector (India)Private Limited are on its company page.
Detailed financial statements for Ninety One
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Ninety One
4 dated milestones of Ninety One across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Ninety One is founded.
- Funding First funding round of $161K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $2.5M.
Web traffic of Ninety One
The website of Ninety One (outdoors91.com) receives about 115.9K visits a month and ranks #383,853 among all websites worldwide, #9,541 in Motorcycles.
- Monthly visits115.9K
▲ 35.2% vs previous month
- Unique visitors50.4K
per month
- Global rank#383,853
among all websites
- Category rank#9,541
Vehicles · Motorcycles
- Bounce rate48%
- Pages per visit3.0
- Average visit1 min 43 sec
- DevicesDesktop 20% · Mobile 80%
Websites whose visitors overlap most with Ninety One. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| emotorad.com | 100% | 151.1K | #193,554 | View details | |
| cradiac.com | 92% | #373,912 | View details | ||
| voltebyk.com | 89% | 38.4K | #836,534 | View details | |
voltebyk.in | voltebyk.in | 88% | #419,200 | – | |
| joyebike.com | 79% | 26.4K | #919,057 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Ninety One
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
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Verified entity values are shown only after access is granted.
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Ninety One (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | |||
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 |
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Related news about Ninety One
Complete news archive for Ninety One
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Frequently Asked Questions about Ninety One
Ninety One was founded in 2015.
Ninety One is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Sachin Chopra is the CEO of Ninety One, as recorded in our data. They have also founded this company.
Ninety One is a funded company, having raised a total of $42.52M across 9 funding rounds to date. The company's 1st funding round was a Seed of $160.72K, raised on Jan 2015.
Ninety One has 101 employees.
The primary company behind Ninety One, Alphavector (India)Private Limited, reported revenue of ₹236 Cr for FY 2025, up 18% year on year.
Ninety One is involved in the production and sale of mobility and fitness solutions, including electric cycles, traditional bicycles, electric scooters, treadmills, and electric ride-on toys for children. The company operates in the consumer goods sector, focusing on sporting and fitness equipment. Products are designed and manufactured in India with state-of-the-art facilities spanning over 300,000 square feet. Emphasis is placed on safety, endurance, and affordability, with partnerships established with global brands for world-class components. After-sales support is provided across more than 600 cities in India.
Ninety One offers Electric Cycles, Electric Scooters, Bicycles, Treadmills, and Electric Ride-Ons.
Ninety One has 17 investors. Key investors include Alteria Capital, A91 Partners, Brand Capital, Avaana Capital, and Fireside Ventures.
The valuation of Ninety One is $106.16M as of Oct 2021.
Ninety One operates through Alphavector (India)Private Limited.
The legal entities of Ninety One currently have 7 directors, including Vinay Singh, Sachin Ramesh Chopra, Vishal Ramesh Chopra and others.