About Onmove
Onmove is a company based in Gurugram (India) founded in 2016 by Praveen Jain and Pervinder Singh Chawla.. Onmove has raised $17.53 million across 6 funding rounds from investors including BlackBuck, Anicut Capital and Ascent Capital. Onmove has completed 1 acquisition, including Trans India. Onmove operates in a competitive market with competitors including BlackBuck, Vahak, Celcius, Lobb and Raaho, among others.
- Headquarter Gurugram, India
- Founders Praveen Jain, Pervinder Singh Chawla
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.53 M (USD)
in 6 rounds
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Latest Funding Round
$13.57 M (USD), Series A
Aug 23, 2024
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Investors
BlackBuck
& 31 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of Onmove
Onmove has successfully raised a total of $17.53M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $13.57 million completed in August 2024. 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 6
- Last Round Series A — $13.6M
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First Round
First Round
(07 Sep 2020)
- Investors Count 32
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - Onmove | Valuation | Florintree Synergies , BlackBuck | |
| May, 2023 | Amount | Seed - Onmove | Valuation | Anicut Capital |
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| Nov, 2022 | Amount | Seed - Onmove | Valuation | Oliphans Capital |
| 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 Onmove
Onmove has secured backing from 32 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include BlackBuck, Anicut Capital and Ascent 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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Investment services in private credit, seed funds, growth equity, and late-stage equity for businesses in India.
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Founded Year | Domain | Location | |
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Private equity and hedge fund focused on long/short equity strategies
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Founded Year | Domain | Location | |
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Investment in start-ups, growth capital, and debt financing for business ventures.
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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 Onmove
Onmove has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Trans India. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online marketplace that connects truck owners with load owners
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Onmove
| 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 |
Onmove Comparisons
Competitors of Onmove
Onmove 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 BlackBuck, Vahak, Celcius, Lobb and Raaho, 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 |
Fleet operators are connected with truckers through a digital marketplace.
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| domain | founded_year | HQ Location |
An app-based marketplace is operated for cargo transportation bookings.
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| domain | founded_year | HQ Location |
Cold chain logistics solutions are booked through an online platform.
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| domain | founded_year | HQ Location |
Provider of a digital freight brokerage platform connecting transporters and truckers
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| domain | founded_year | HQ Location |
Operator of a digital network connecting shippers, truckers, and drivers
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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 Onmove
When was Onmove founded?
Onmove was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Onmove located?
Onmove is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Onmove a funded company?
Onmove is a funded company, having raised a total of $17.53M across 6 funding rounds to date.
What does Onmove do?
Onmove was founded in 2016 in Gurugram, India, within the transportation technology sector. An integrated digital platform is provided for fleet owners, drivers, and customers, supporting load matching, vehicle tracking, and communication. Digital payments are facilitated, alongside tools for creating bookings, monitoring performance reports, managing delayed routes, and enabling real-time vehicle tracing. Operations focus on streamlining logistics processes across India.
Who are the top competitors of Onmove?
How many acquisitions has Onmove made?
Onmove has made 1 acquisition, including Trans India.
Who are Onmove's investors?
Onmove has 32 investors. Key investors include BlackBuck, Anicut Capital, Ascent Capital, GEPL Capital, and Oliphans Capital.
What is Onmove's valuation?
The valuation of Onmove is $77.36M as of Aug 2024.
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