About Now Bike
Now Bike is a Transportation, Automotive & Logistics company based in Noida (India) founded in 2015, and was acquired by Borzo in December 2021. On-demand delivery services are provided for businesses in Delhi-NCR. Now Bike has raised $1.45 million across 7 funding rounds from investors including Borzo, Jaipuria Group and Maple Capital Advisors. The company has 10 employees. Now Bike was last valued at $4.76 million in April 2018. Its Indian entity Wefast Hyperlocal Private Limited reported revenue of ₹1.21 Cr. The company was acqui-hired. Its focus areas include Consumer, Logistics Tech, Parcel and Hyperlocal Delivery. Its competitors include Swiggy, Hanchens and Kooriee; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Noida, India
- Employees 10
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website now.bike
- Social LinkedIn X
- Acquired by Borzo (Dec 2021)
- Legal Name Wefast Hyperlocal Private Limited
- Date of Incorporation 04 Aug, 2015
- Jurisdiction Noida, Uttar Pradesh, India
Associated legal entities of Now Bike
Now Bike operates through Wefast Hyperlocal Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Wefast Hyperlocal Private Limited CIN U74120UP2015PTC072453 | Active | 04 Aug 2015 | Noida, Uttar Pradesh | ₹1.2 Cr | 34 | 3 | View details |
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.
- Total Funding $1.45M
- Total Rounds 7
- Last Round Angel Round — $199,680
- Investors Count 12
All 7 funding rounds of Now Bike 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 |
|---|---|---|---|---|---|
| Apr 2018 | $199,680 | Angel Round | $4.76M | Anuraag Jaipuria, Jai Drinks | – |
| Dec 2017 | $296,457 | Seed | – | Gaurav Munjal | |
| Feb 2017 | $282,217 | Seed | $6.32B | Munjal Investments | |
| Oct 2016 | $149,746 | Seed | $••••• | Munjal Investments | – |
| Aug 2016 | $26,139 | Angel Round | $••••• | Gaurav Munjal | |
| Mar 2016 | $500,000 | Angel Round | – | Anuj Sanghi | |
| Jan 2016 | Seed | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2018 | $4.76M | •••••••• |
| Feb 2017 | $6.32B | •••••••• |
Last known valuation $4.76M (Apr 2018). 13 investors in total: 6 institutional and 7 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified operations in beverages, real estate, manufacturing, IT, and education across India. | 2010 | jaipuria.co | Delhi, India | |
Beverages are branded and distributed by Jai Drinks in India. | Delhi, India | |||
Investment banking services are provided in M&A, private equity, and structured finance within India's mid-market. | maple-advisors.com | Delhi, India | ||
AJ Anuraag Jaipuria | unknown_432f4d8c4f744f89b | |||
VG Vinay Goyal | Angel investor and entrepreneur, focused on tech startups in India. | unknown_abe591a966e4412d8 | ||
AG Abhinav Grover | Founder of Perpule, angel investor in Indian startups | unknown_4e7350e7c2214025b | ||
AS Anuj Sanghi | unknown_0db43efc549148bab | |||
GM Gaurav Munjal | CEO of Unacademy, edtech pioneer, active angel investor in Indian startups | unknown_ad82dd1daf204520a |
Investor details for Now Bike
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Wefast Hyperlocal Private Limited (Now Bike)
Wefast Hyperlocal Private Limited is the primary company behind Now Bike. The board of Wefast Hyperlocal Private Limited currently have 3 directors; the longest-serving is Mikhail Alexandrovskiy, appointed in 2021. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mikhail Alexandrovskiy DIN 09432758 | Director | 16 Dec 2021 | 4 yrs 10 mo | Wefast Hyperlocal Private Limited |
| Rahul Dhiraj Dharod DIN 10204577 | Director | 30 Sep 2023 | 3 yrs 1 mo | Wefast Hyperlocal Private Limited |
| Alina Bronislavovna Kisina DIN 10385006 | Director | 07 Nov 2023 | 3 yrs | Wefast Hyperlocal Private Limited |
Financials of Now Bike
Figures of Wefast Hyperlocal Private Limited, the primary company behind Now Bike, for FY 2026. Revenue was ₹1.21 Cr (-85% year on year). Net loss was -₹8.7 Lakh (-428% margin). EBITDA was -₹8.6 Lakh (-427% margin). Revenue has grown at a compounded annual rate of -57% over three years and -24% over five years.
- ₹1.21 CrRevenue · FY 2026 · -85% YoY
- -₹8.7 LakhNet loss · -428% margin
- -₹8.6 LakhEBITDA · -427% margin
- ₹13 LakhPaid-up capital
- 34Employees (provident fund records)
- -57%Revenue CAGR, 3 years
- -24%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Wefast Hyperlocal Private Limited are on its company page.
Detailed financial statements for Now Bike
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Now Bike
6 dated milestones of Now Bike across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Now Bike is founded.
- Funding First funding round.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Angel Round, of $200K.
- Milestone Reaches Minicorn status.
- Exit Acquired by Borzo.
Competitors of Now Bike
Now Bike has 3 listed competitors in our database, 2 of them funded. They include Swiggy, Hanchens and Kooriee.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| swiggy.com | 2014 | Bengaluru, India | $3.62B | 4,953 | Food and grocery items are ordered via an online network. | |
| hanchens.com | 2020 | Gurugram, India | $103,122 | Provides an app-based platform for B2C delivery services to consumers. | ||
| kooriee.com | 2015 | Bengaluru, India | 96 | Offers same-day local delivery services for small-sized items. |
Detailed competitors of Now Bike
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Now Bike (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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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.
Now Bike has 10 employees.
The primary company behind Now Bike, Wefast Hyperlocal Private Limited, reported revenue of ₹1.21 Cr for FY 2026, down 85% year on year.
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.
Now Bike operates through Wefast Hyperlocal Private Limited.
Yes. Now Bike was acquired by Borzo in December 2021.
The legal entities of Now Bike currently have 3 directors, including Alina Bronislavovna Kisina, Rahul Dhiraj Dharod, Mikhail Alexandrovskiy.