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 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 Total Funding
- Total Rounds 7
- Last Round Angel Round — $199,680
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Angel Round - Now Bike | Valuation | Anuraag Jaipuria , Jai Drinks |
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| Dec, 2017 | Amount | Seed - Now Bike | Valuation | Gaurav Munjal | |
| Feb, 2017 | Amount | Seed - Now Bike | Valuation | Munjal Investments |
| 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 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. 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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Diversified operations in beverages, real estate, manufacturing, IT, and education across India.
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Founded Year | Domain | Location | |
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Beverages are branded and distributed by Jai Drinks in India.
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Founded Year | Domain | Location | |
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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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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.
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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 Now Bike
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - Now Bike
| 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 |
Now Bike Comparisons
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. 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 |
Food and grocery items are ordered via an online network.
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| domain | founded_year | HQ Location |
Provides an app-based platform for B2C delivery services to consumers.
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| domain | founded_year | HQ Location |
Offers same-day local delivery services for small-sized items.
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| domain | founded_year | HQ Location |
Operates an app-based platform for B2B courier delivery services.
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| domain | founded_year | HQ Location |
On-demand hyperlocal deliveries are facilitated via a mobile app platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Now Bike
Frequently Asked Questions about Now Bike
When was Now Bike founded?
Now Bike was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Now Bike located?
Now Bike is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Is Now Bike a funded company?
Now Bike is a funded company, having raised a total of $1.45M across 7 funding rounds to date. The company's 1st funding round was a Seed of $282.22K, raised on Jan 28, 2016.
How many employees does Now Bike have?
As of Apr 05, 2024, the latest employee count at Now Bike is 34.
What is the annual revenue of Now Bike?
Annual revenue of Now Bike is $1.8M as on Mar 31, 2023.
What does Now Bike do?
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.
Who are the top competitors of Now Bike?
Who are Now Bike's investors?
Now Bike has 13 investors. Key investors include Borzo, Jaipuria Group, Maple Capital Advisors, Anuraag Jaipuria, and Jai Drinks.
What is Now Bike's valuation?
The valuation of Now Bike is $4.76M as of Apr 2018.