About Off Duty
Off Duty is a company based in Mumbai (India) founded in 2019.. Off Duty has raised $489.39 thousand across 1 funding round from investors including Velocity. The company has 1 employees as of March 20, 2024. Off Duty offers products and services including Wide Leg Jeans, Cargo Jeans, Baggy Fit Jeans, Handbags and Crossbody Bags, and T-Shirts. Off Duty operates in a competitive market with competitors including Joe's Jeans, High Star, Krossstitch, Mabel Hayes and Pencho Jeans, among others.
- Headquarter Mumbai, India
- Employees 1 as on 20 Mar, 2024
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Sectors
Retail
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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 Abundance Retail Private Limited
- Date of Incorporation 12 Oct, 2020
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$769.53 K (USD)154.73as on Mar 31, 2023
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Net Profit
$29.13 K (USD)58.5as on Mar 31, 2023
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EBITDA
$39.98 K (USD)56.58as on Mar 31, 2023
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Total Equity Funding
$489.39 K (USD)
in 1 rounds
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Latest Funding Round
$489.39 K (USD), Seed
Mar 06, 2023
- Investors
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Employee Count
1
as on Mar 20, 2024
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Products & Services of Off Duty
Off Duty offers a comprehensive portfolio of products and services, including Wide Leg Jeans, Cargo Jeans, Baggy Fit Jeans, Handbags and Crossbody Bags, and T-Shirts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Casual jeans with wide leg design for everyday wear
Functional pants with cargo pockets for men
Relaxed jeans offering comfortable fit and style
Fashion bags for daily use and travel
Basic tops in various designs for casual outfits
Funding Insights of Off Duty
Off Duty has successfully raised a total of $489.39K through 1 strategic funding round. The most recent funding activity was a Seed round of $489.39 thousand completed in March 2023. 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 1
- Last Round Seed — $489,388
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First Round
First Round
(06 Mar 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Seed - Off Duty | Valuation | Velocity |
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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 Off Duty
Off Duty has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Velocity. 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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Revenue-based financing and tools are offered to e-commerce businesses.
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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 Off Duty
| 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 - Off Duty
| 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 |
Off Duty Comparisons
Competitors of Off Duty
Off Duty 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 Joe's Jeans, High Star, Krossstitch, Mabel Hayes and Pencho Jeans, 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 |
Internet first brand of denim brand for men and women
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| domain | founded_year | HQ Location |
Internet first brand of casual jeans for men and women
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| domain | founded_year | HQ Location |
Functions as an online private label brand offering denim apparel.
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| domain | founded_year | HQ Location |
Operates a direct-to-consumer brand offering high-quality denim clothing for men and women.
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| domain | founded_year | HQ Location |
Operates a direct-to-consumer denim brand for men and women.
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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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Latest news on Off Duty
Frequently Asked Questions about Off Duty
When was Off Duty founded?
Off Duty was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is Off Duty located?
Off Duty is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Off Duty a funded company?
Off Duty is a funded company, having raised a total of $489.39K across 1 funding round to date. The company's 1st funding round was a Seed of $489.39K, raised on Mar 06, 2023.
How many employees does Off Duty have?
As of Mar 20, 2024, the latest employee count at Off Duty is 1.
What is the annual revenue of Off Duty?
Annual revenue of Off Duty is $769.53K as on Mar 31, 2023.
What does Off Duty do?
Off Duty was founded in 2019 and is based in Mumbai, India. Operations focus on the apparel sector through an online-first model. Clothing items for men and women are offered, including various denim styles such as high-waist, cropped, bootcut, and plus-size options, along with tops, joggers, sweatpants, shirts, sunglasses, and bags. The product range supports everyday fashion needs via e-commerce.
Who are the top competitors of Off Duty?
Off Duty's top competitors include Joe's Jeans, High Star and Mabel Hayes.
What products or services does Off Duty offer?
Off Duty offers Wide Leg Jeans, Cargo Jeans, Baggy Fit Jeans, Handbags and Crossbody Bags, and T-Shirts.
Who are Off Duty's investors?
Off Duty has 1 investor. Key investors include Velocity.