About OffiNeeds
OffiNeeds is a company based in Bengaluru (India) founded in 2005 by Srikanth Acharya.. OffiNeeds has raised $18.41 thousand across 1 funding round from investors including K A Ravi Shankar, K A Nanjunda and Naveen Lakkur. The company has 105 employees as of April 07, 2024. OffiNeeds offers products and services including Corporate Gifts, Home Delivery, New Joinee Kits, Official BrandStores, and Gift Voucher Solutions. OffiNeeds operates in a competitive market with competitors including Printo, Swageazy, eYantra, PrintBrix and DilSeBol, among others.
- Headquarter Bengaluru, India
- Employees 105 as on 07 Apr, 2024
- Founders Srikanth Acharya
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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
*********
- Legal Name Touchstone Enterprises Private Limited
- Date of Incorporation 31 Dec, 2008
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$4.94 M (USD)13.92as on Mar 31, 2023
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Net Profit
$20.58 K (USD)-92.45as on Mar 31, 2023
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EBITDA
$-26.61 K (USD)-106.35as on Mar 31, 2023
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Total Equity Funding
$18.41 K (USD)
in 1 rounds
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Latest Funding Round
$18.41 K (USD), Angel Round
Jan 01, 2016
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Investors
& 2 more
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Employee Count
105
as on Apr 07, 2024
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Products & Services of OffiNeeds
OffiNeeds offers a comprehensive portfolio of products and services, including Corporate Gifts, Home Delivery, New Joinee Kits, Official BrandStores, and Gift Voucher Solutions. 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.
Customized gifts for enhancing employee engagement and brand promotion.
Guaranteed delivery of corporate gifts directly to recipients' homes.
Surprise goodie packs to improve remote onboarding for new employees.
White-labeled stores for company merchandise and employee rewards.
Vouchers from multiple brands for employee recognition programs.
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Funding Insights of OffiNeeds
OffiNeeds has successfully raised a total of $18.41K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $18.41 thousand completed in January 2016. 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 Angel Round — $18,409
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First Round
First Round
(01 Jan 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Angel Round - OffiNeeds | Valuation | K A Ravi Shankar , K A Nanjunda |
| 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 OffiNeeds
OffiNeeds has secured backing from 3 investors, including angel investors. Prominent investors backing the company include K A Ravi Shankar, K A Nanjunda and Naveen Lakkur. 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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KA
K A Ravi Shankar |
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Founded Year | Domain | Location |
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KA
K A Nanjunda |
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Founded Year | Domain | Location |
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NL
Naveen Lakkur |
Angel investor, mentor, and co-founder of Startup Weekend India.
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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 OffiNeeds
| 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 - OffiNeeds
| 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 |
Offineeds Comparisons
Competitors of OffiNeeds
OffiNeeds 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 Printo, Swageazy, eYantra, PrintBrix and DilSeBol, 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 |
Online printing services for businesses are provided.
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| domain | founded_year | HQ Location |
Platform offering offline gifting automation platform
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| domain | founded_year | HQ Location |
Online platform that specializes in providing customized corporate gifts
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| domain | founded_year | HQ Location |
Promotional products and services are distributed online by PrintBrix.
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| domain | founded_year | HQ Location |
Online portal to create, buy and gift customized merchandise
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| domain | founded_year | HQ Location |
Provides comprehensive corporate gift solutions for businesses.
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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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Frequently Asked Questions about OffiNeeds
When was OffiNeeds founded?
OffiNeeds was founded in 2005 and raised its 1st funding round 11 years after it was founded.
Where is OffiNeeds located?
OffiNeeds is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of OffiNeeds?
Srikanth Acharya is the current CEO of OffiNeeds. They have also founded this company.
Is OffiNeeds a funded company?
OffiNeeds is a funded company, having raised a total of $18.41K across 1 funding round to date. The company's 1st funding round was a Angel Round of $18.41K, raised on Jan 01, 2016.
How many employees does OffiNeeds have?
As of Apr 07, 2024, the latest employee count at OffiNeeds is 105.
What is the annual revenue of OffiNeeds?
Annual revenue of OffiNeeds is $4.94M as on Mar 31, 2023.
What does OffiNeeds do?
Founded in 2005 and based in Bengaluru, India, OffiNeeds operates as an online B2B platform in the corporate gifting sector. Customized services are provided for employee onboarding, merchandise, and gift vouchers, with a catalog featuring gadgets, apparel, office tools, and photo frames. Options for personalization include embroidery, printing, embossing, screen printing, UV printing, and engraving.
Who are the top competitors of OffiNeeds?
What products or services does OffiNeeds offer?
OffiNeeds offers Corporate Gifts, Home Delivery, New Joinee Kits, Official BrandStores, and Gift Voucher Solutions.
Who are OffiNeeds's investors?
OffiNeeds has 3 investors. Key investors include K A Ravi Shankar, K A Nanjunda, and Naveen Lakkur.
What is OffiNeeds's valuation?
The valuation of OffiNeeds is $35.25K as of Jan 2016.
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