About Onsitego
Onsitego is a company based in Mumbai (India) founded in 2010 by Amar Desai, Rahul Mahipal, and Kunal Mahipal.. Onsitego has raised $34.61 million across 4 funding rounds from investors including Quess, Accel and International Finance Corporation. The company has 752 employees as of July 23, 2024. Onsitego has completed 1 acquisition, including Digicare Services. Onsitego offers products and services including Repair Plans and Maintenance Plans. Onsitego operates in a competitive market with competitors including OneAssist, Gadgetwood eServices, Handyhome, Foxway and eTechies, among others.
- Headquarter Mumbai, India
- Employees 752 as on 23 Jul, 2024
- Founders Amar Desai, Rahul Mahipal, Kunal Mahipal
- Stage Minicorn
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Sectors
Business ServicesFinancial Services
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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 Onsite Electro Services Private Limited
- Date of Incorporation 18 Aug, 2010
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$34.61 M (USD)
in 4 rounds
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Latest Funding Round
$4.2 M (USD), Series B
Mar 28, 2024
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Investors
Quess
& 10 more
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Employee Count
752
as on Jul 23, 2024
- Investments & Acquisitions
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Products & Services of Onsitego
Onsitego offers a comprehensive portfolio of products and services, including Repair Plans and Maintenance Plans. 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.
Plans for repairing electronic devices
Plans for ongoing device upkeep and care
Funding Insights of Onsitego
Onsitego has successfully raised a total of $34.61M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $4.2 million completed in March 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 4
- Last Round Series B — $4.2M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series B - Onsitego | Valuation | Quess |
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| Feb, 2020 | Amount | Series B - Onsitego | Valuation | Zodius | |
| Jul, 2015 | Amount | Series A - Onsitego | Valuation | Accel |
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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 Onsitego
Onsitego has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Quess, Accel and International Finance Corporation. 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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VC firm investing in India
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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IFC is focused on private sector development in emerging markets.
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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 Onsitego
Onsitego has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Digicare Services. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Consumer electronics and durable products are retailed in India.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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 - Onsitego
| 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 |
Onsitego Comparisons
Competitors of Onsitego
Onsitego 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 OneAssist, Gadgetwood eServices, Handyhome, Foxway and eTechies, 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 |
Provider of protection plans and repair services for gadgets and appliances
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| domain | founded_year | HQ Location |
Online mobile & tablet repair service provider
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| domain | founded_year | HQ Location |
Mobile app to book repair services for electronic appliances
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| domain | founded_year | HQ Location |
Provider of lifecycle management services for tech devices
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| domain | founded_year | HQ Location |
Warranties and repairs for mobiles, laptops, and tablets are offered.
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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 Onsitego
Frequently Asked Questions about Onsitego
When was Onsitego founded?
Onsitego was founded in 2010 and raised its 1st funding round 5 years after it was founded.
Where is Onsitego located?
Onsitego is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Onsitego?
Kunal Mahipal is the current CEO of Onsitego. They have also founded this company.
Is Onsitego a funded company?
Onsitego is a funded company, having raised a total of $34.61M across 4 funding rounds to date. The company's 1st funding round was a Series A of $2M, raised on Mar 31, 2015.
How many employees does Onsitego have?
As of Jul 23, 2024, the latest employee count at Onsitego is 752.
What does Onsitego do?
Onsitego was founded in 2010 in Mumbai, India, as an online platform specializing in extended warranties for consumer electronics. Coverage is provided for items such as smartphones, tablets, laptops, cameras, air conditioners, and televisions. Quotes are generated for users, and service bookings enable product pickup, repair, and delivery back to customers. Operations focus on the warranty and repair sector within the electronics industry.
Who are the top competitors of Onsitego?
What products or services does Onsitego offer?
Onsitego offers Repair Plans and Maintenance Plans.
How many acquisitions has Onsitego made?
Onsitego has made 1 acquisition, including Digicare Services.
Who are Onsitego's investors?
Onsitego has 11 investors. Key investors include Quess, Accel, International Finance Corporation, Zodius, and Asset Search.
What is Onsitego's valuation?
The valuation of Onsitego is $103.65M as of Feb 2020.