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
Not available
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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.
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 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.
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.
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Single-family office and venture capital firm focused on multiple sectors
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Venture capital fund focused on automobile sectors
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Akash Mayur |
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Investor details for Ontrack
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Investments & Acquisitions by Ontrack
Investment portfolio details for Ontrack
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Financial Statements - Ontrack
Detailed financials for Ontrack
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Ontrack Comparisons
Peer comparison for Ontrack
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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.
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On-demand scooter rentals are facilitated via mobile app in India.
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On-demand two-wheeler rentals and rent-to-own options are provided.
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Motorbikes are rented online via a station-based booking platform.
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Operates an app-based platform for electric scooter rental services.
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Offers self-drive motorbike rental services.
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Detailed competitors of Ontrack
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Latest news on Ontrack
Complete news archive for Ontrack
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Frequently Asked Questions about Ontrack
Ontrack was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Ontrack is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Harshit Sonthalia is the current CEO of Ontrack. They have also founded this company.
Ontrack is a funded company, having raised a total of $202.96K across 2 funding rounds to date.
Annual revenue of Ontrack is $499.43K as on Mar 31, 2023.
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.
Ontrack's top competitors include Vogo, ONN Bikes and Exa Mobility.
Ontrack offers Bike Rentals, Bike Loans, and Vehicle Information.
Ontrack has 12 investors. Key investors include Akash Mayur, Samarth Jain, Samarth Jain, Diverse Middle East FZE, and Sura Investors.
The valuation of Ontrack is $2.81M as of Sep 2020.