About Ontrack
Ontrack is a company based in Bengaluru (India) founded in 2016 by Vansh Jain and Harshit Sonthalia. It operates as a On-Demand Services, and Brokerage / Intermediation. Ontrack has raised $202.96 thousand across 2 funding rounds from investors including Akash Mayur, Samarth Jain and Samarth Jain. Ontrack offers products and services including Bike Rentals, Bike Loans, and Vehicle Information. Ontrack operates in a competitive market with competitors including Vogo, ONN Bikes, Ridobiko, Ghoom and Bykemania, among others.
- Headquarter Bengaluru, India
- Founders Vansh Jain, Harshit Sonthalia
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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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 Ontrack Technologies Private Limited
- Date of Incorporation 23 Feb, 2016
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$499.43 K (USD)43.78as on Mar 31, 2023
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Net Profit
$-13.76 K (USD)-16.01as on Mar 31, 2023
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EBITDA
$71.37 K (USD)167.31as on Mar 31, 2023
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Total Equity Funding
$202.96 K (USD)
in 2 rounds
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Latest Funding Round
$101.54 K (USD), Angel Round
Sep 24, 2020
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Investors
Diverse Middle East FZE
& 11 more
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Employee Count
Employee Count
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Products & Services of Ontrack
Ontrack offers a comprehensive portfolio of products and services, including Bike Rentals, Bike Loans, and Vehicle Information. 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.
Bike rentals are offered for monthly usage in Bengaluru.
Quick bike loans are provided with minimal documentation.
Vehicle registration details are accessed via the app.
Funding Insights of Ontrack
Ontrack has successfully raised a total of $202.96K across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $101.54 thousand completed in September 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 Angel Round — $101,543
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First Round
First Round
(20 Dec 2017)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Angel Round - Ontrack | Valuation | Akash Mayur , Samarth Jain | |
| Dec, 2017 | Amount | Seed - Ontrack | Valuation | Diverse Middle East FZE |
| 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 Ontrack
Ontrack has secured backing from 12 investors, including angel and venture fund investors. Prominent investors backing the company include Akash Mayur, Samarth Jain and Samarth Jain. 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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Single-family office and venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital fund focused on automobile sectors
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Founded Year | Domain | Location | |
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AM
Akash Mayur |
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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 Ontrack
| 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 - Ontrack
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Ontrack Comparisons
Competitors of Ontrack
Ontrack 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 Vogo, ONN Bikes, Ridobiko, Ghoom and Bykemania, 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 scooter rentals are facilitated via mobile app in India.
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| domain | founded_year | HQ Location |
On-demand two-wheeler rentals and rent-to-own options are provided.
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| domain | founded_year | HQ Location |
Motorbikes are rented online via a station-based booking platform.
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| domain | founded_year | HQ Location |
Operates an app-based platform for electric scooter rental services.
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| domain | founded_year | HQ Location |
Offers self-drive motorbike rental services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Ontrack
Frequently Asked Questions about Ontrack
When was Ontrack founded?
Ontrack was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Ontrack located?
Ontrack is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Ontrack?
Harshit Sonthalia is the current CEO of Ontrack. They have also founded this company.
Is Ontrack a funded company?
Ontrack is a funded company, having raised a total of $202.96K across 2 funding rounds to date. The company's 1st funding round was a Seed of $101.42K, raised on Dec 20, 2017.
What is the annual revenue of Ontrack?
Annual revenue of Ontrack is $499.43K as on Mar 31, 2023.
What does Ontrack do?
Ontrack is involved in providing two-wheeler rental services primarily in Bengaluru, India. The company is focused on offering monthly bike rentals with zero security deposit and comprehensive insurance coverage. Additionally, financing solutions for bike purchases are provided with quick loan approvals and minimal documentation. Vehicle information lookup and repair services are also facilitated through their app. The ecosystem is built to cater to various needs related to two-wheelers across transportation and financial sectors.
Who are the top competitors of Ontrack?
Ontrack's top competitors include Vogo, ONN Bikes and Exa Mobility.
What products or services does Ontrack offer?
Ontrack offers Bike Rentals, Bike Loans, and Vehicle Information.
Who are Ontrack's investors?
Ontrack has 12 investors. Key investors include Akash Mayur, Samarth Jain, Samarth Jain, Diverse Middle East FZE, and Sura Investors.
What is Ontrack's valuation?
The valuation of Ontrack is $2.81M as of Sep 2020.