About OkayGo
OkayGo is a company based in Gurugram (India) founded in 2019 by Saurav Chawla and Tomonaga Tejima was acquired by BetterPlace in May 2022. It operates as a On-Demand Services, and Two-Sided Marketplace. OkayGo has raised $488.99 thousand across 2 funding rounds from investors including BetterPlace, Sakura and Senshin Capital. The company has 42 employees as of April 05, 2024. OkayGo offers products and services including Task Fulfillment Platform, Auditing Services, and Last Mile Delivery. OkayGo operates in a competitive market with competitors including Awign, smartstaff, Vahan, Workex and PickMyWork, among others.
- Headquarter Gurugram, India
- Employees 42 as on 05 Apr, 2024
- Founders Saurav Chawla, Tomonaga Tejima
- Stage Minicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Betterplace
- Date of Incorporation 18 Jul, 2019
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$866.35 K (USD)18.55as on Mar 31, 2023
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Net Profit
$-508.14 K (USD)-96.46as on Mar 31, 2023
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EBITDA
$-461.37 K (USD)-103.28as on Mar 31, 2023
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Total Equity Funding
$488.99 K (USD)
in 2 rounds
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Latest Funding Round
$294.36 K (USD), Seed
Dec 12, 2020
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Investors
BetterPlace
& 2 more
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Employee Count
42
as on Apr 05, 2024
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Acquired by
BetterPlace
(May 31, 2022)
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Products & Services of OkayGo
OkayGo offers a comprehensive portfolio of products and services, including Task Fulfillment Platform, Auditing Services, and Last Mile Delivery. 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.
Task fulfillment is managed through mobile and web applications.
Auditing services are provided to ensure compliance and integrity.
Last mile delivery is facilitated for efficient task completion.
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Funding Insights of OkayGo
OkayGo has successfully raised a total of $488.99K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $294.36 thousand completed in December 2020. 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 2
- Last Round Seed — $294,355
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First Round
First Round
(29 Nov 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Seed - OkayGo | Valuation | Sakura , Senshin Capital |
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| Nov, 2019 | Amount | Seed - OkayGo | Valuation | Sakura |
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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 OkayGo
OkayGo has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include BetterPlace, Sakura and Senshin Capital. 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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Founded Year | Domain | Location | |
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Capital investment services are managed by Senshin Capital.
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Founded Year | Domain | Location | |
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Human capital management platform for frontline workforce is provided.
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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 OkayGo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - OkayGo
| 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 |
Okaygo Comparisons
Competitors of OkayGo
OkayGo 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 Awign, smartstaff, Vahan, Workex and PickMyWork, 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 |
On-demand internships are offered via a cloud-based platform across industries.
|
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| domain | founded_year | HQ Location |
Provider of workforce management platform for blue collar employee lifecycle management
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| domain | founded_year | HQ Location |
AI-powered recruitment and staffing for blue-collar workers are provided.
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| domain | founded_year | HQ Location |
Platform for recruitment, staff management, and payroll automation
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| domain | founded_year | HQ Location |
Gig employee hiring platform
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| domain | founded_year | HQ Location |
On-demand staffing platform connecting companies with pre-screened temporary workers.
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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 Okaygo
Frequently Asked Questions about OkayGo
When was OkayGo founded?
OkayGo was founded in 2019.
Where is OkayGo located?
OkayGo is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is OkayGo a funded company?
OkayGo is a funded company, having raised a total of $488.99K across 2 funding rounds to date. The company's 1st funding round was a Seed of $194.63K, raised on Nov 29, 2019.
How many employees does OkayGo have?
As of Apr 05, 2024, the latest employee count at OkayGo is 42.
What is the annual revenue of OkayGo?
Annual revenue of OkayGo is $866.35K as on Mar 31, 2023.
What does OkayGo do?
OkayGo is established as a prominent technology platform in India, specializing in end-to-end task fulfillment solutions. Services are delivered through user-friendly mobile and web applications, supported by a vast network of gig workers across the country. Various business verticals such as audits, last mile delivery, telecalling, and online proctoring are covered. The platform is utilized by over 100 large enterprises, ensuring cost efficiency, high quality, and timely delivery. Real-time analytics and seamless integration are provided for enhanced operational efficiency. Founded in 2019 by Kellogg and Yale alumni, OkayGo was acquired by Betterplace in 2022, further strengthening its position in the gig economy sector.
What products or services does OkayGo offer?
OkayGo offers Task Fulfillment Platform, Auditing Services, and Last Mile Delivery.
Who are OkayGo's investors?
OkayGo has 3 investors. Key investors include BetterPlace, Sakura, and Senshin Capital.
What is OkayGo's valuation?
The valuation of OkayGo is $5.27M as of Dec 2020.