About Now Bike
Now Bike is a company based in Noida (India) founded in 2015 was acquired by Borzo in December 2021. Now Bike has raised $1.45 million across 7 funding rounds from investors including Borzo, Jaipuria Group and Maple Capital Advisors. The company has 34 employees as of April 05, 2024. Now Bike operates in a competitive market with competitors including Swiggy, Hanchens, Kooriee, EasyMovr and HUMhain, among others.
- Headquarter Noida, India
- Employees 34 as on 05 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 Wefast Hyperlocal Private Limited
- Date of Incorporation 04 Aug, 2015
- Jurisdiction Noida, Uttar Pradesh, India
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Annual Revenue
$1.8 M (USD)129.78as on Mar 31, 2023
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Net Profit
-$338.99 K (USD)-74.54as on Mar 31, 2023
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EBITDA
-$336.24 K (USD)-75.09as on Mar 31, 2023
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Total Equity Funding
$1.45 M (USD)
in 7 rounds
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Latest Funding Round
$199.68 K (USD), Angel Round
Apr 07, 2018
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Investors
Borzo
& 12 more
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Employee Count
34
as on Apr 05, 2024
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Acquired by
Borzo
(Dec 29, 2021)
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Funding Insights of Now Bike
Now Bike has successfully raised a total of $1.45M across 7 strategic funding rounds. The most recent funding activity was a Angel Round of $199.68 thousand completed in April 2018. 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.
Investors in Now Bike
Now Bike has secured backing from 13 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Borzo, Jaipuria Group and Maple Capital Advisors.
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Diversified operations in beverages, real estate, manufacturing, IT, and education across India.
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Beverages are branded and distributed by Jai Drinks in India.
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Investment banking services are provided in M&A, private equity, and structured finance within India's mid-market.
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Investor details for Now Bike
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Investments & Acquisitions by Now Bike
Investment portfolio details for Now Bike
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Financial Statements - Now Bike
Detailed financials for Now Bike
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Now Bike Comparisons
Peer comparison for Now Bike
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Competitors of Now Bike
Now Bike 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 Swiggy, Hanchens, Kooriee, EasyMovr and HUMhain, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Food and grocery items are ordered via an online network.
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Provides an app-based platform for B2C delivery services to consumers.
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Offers same-day local delivery services for small-sized items.
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Operates an app-based platform for B2B courier delivery services.
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On-demand hyperlocal deliveries are facilitated via a mobile app platform.
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Detailed competitors of Now Bike
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Latest news on Now Bike
Complete news archive for Now Bike
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Frequently Asked Questions about Now Bike
Now Bike was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Now Bike is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Now Bike is a funded company, having raised a total of $1.45M across 7 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Now Bike is 34.
Annual revenue of Now Bike is $1.8M as on Mar 31, 2023.
The company was founded in 2015 in Noida, India, initially as Tap Tap Meals, an online food ordering platform. A pivot was made to on-demand bike taxi services, and local delivery for merchants is now offered in the Delhi-NCR region. More than 2500 orders are executed daily, with clients including quick-service restaurants and drug chains such as Pizza Hut, Burger King, Subway, Bikanervala, Fortis-Religare, and Just Relief.
Now Bike has 13 investors. Key investors include Borzo, Jaipuria Group, Maple Capital Advisors, Anuraag Jaipuria, and Jai Drinks.
The valuation of Now Bike is $4.76M as of Apr 2018.