About ONYC
ONYC is a company based in Gurugram (India) founded in 2023 by Ayush Singh, Praval Pratap Singh, and Mritunjay Prasad.. ONYC has raised $561.58 thousand across 3 funding rounds from investors including Ashwini Kumar Singh, Ankur Mittal and Arokiaswamy Velumani. The company has 20 employees as of April 30, 2025. ONYC offers products and services including Artistic Sliders, Artistic Sandals, First Step Shoes, and Jellies Flip-flops. ONYC operates in a competitive market with competitors including Aretto, Plaeto, Aria + Nica, Stepwhere and Buds Life, among others.
- Headquarter Gurugram, India
- Employees 20 as on 30 Apr, 2025
- Founders Ayush Singh, Praval Pratap Singh, Mritunjay Prasad
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Knack Innovations Private Limited
- Date of Incorporation 18 Sep, 2023
- Jurisdiction Manesar, Haryana, India
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Annual Revenue
$57.78 K (USD)0as on Mar 31, 2024
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Net Profit
$-2.92 K (USD)0as on Mar 31, 2024
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EBITDA
$-2.27 K (USD)0as on Mar 31, 2024
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Total Equity Funding
$561.58 K (USD)
in 3 rounds
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Latest Funding Round
$164.19 K (USD), Debt – Conventional
Feb 03, 2026
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Investors
Recur Club
& 6 more
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Employee Count
20
as on Apr 30, 2025
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Products & Services of ONYC
ONYC offers a comprehensive portfolio of products and services, including Artistic Sliders, Artistic Sandals, First Step Shoes, and Jellies Flip-flops. 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.
Comfortable sliders with artistic designs for kids' daily wear
Stylish sandals offering support and fun patterns for children
Breathable shoes designed for toddlers' initial walking needs
Lightweight flip-flops with vibrant themes for kids' playtime
Funding Insights of ONYC
ONYC has successfully raised a total of $561.58K across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $164.19 thousand completed in February 2026. 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 3
- Last Round Debt – Conventional — $164,186
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First Round
First Round
(20 Sep 2024)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2026 | Amount | Seed - ONYC | Valuation |
investors |
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| Feb, 2026 | Amount | Debt – Conventional - ONYC | Valuation |
investors |
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| Sep, 2024 | Amount | Angel Round - ONYC | Valuation | Ashwini Kumar Singh |
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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 ONYC
ONYC has secured backing from 7 investors, including angel and institutional investors. Prominent investors backing the company include Ashwini Kumar Singh, Ankur Mittal and Arokiaswamy Velumani. 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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AK
Ashwini Kumar Singh |
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Founded Year | Domain | Location |
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AM
Ankur Mittal |
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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 ONYC
| 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 - ONYC
| 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 |
Onyc Comparisons
Competitors of ONYC
ONYC 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 Aretto, Plaeto, Aria + Nica, Stepwhere and Buds Life, 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 |
Internet first brand offering multi-category footwear for kids
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| domain | founded_year | HQ Location |
Footwear for men, women, and children is designed and manufactured.
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| domain | founded_year | HQ Location |
Kids' footwear is offered by an internet-first brand.
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| domain | founded_year | HQ Location |
Smart shoes provide real-time child tracking, step counting, and safety monitoring.
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| domain | founded_year | HQ Location |
Provides supportive footwear for children's growth and daily activities.
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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 ONYC
When was ONYC founded?
ONYC was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is ONYC located?
ONYC is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of ONYC?
Praval Pratap Singh is the current CEO of ONYC. They have also founded this company.
Is ONYC a funded company?
ONYC is a funded company, having raised a total of $561.58K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $183.96K, raised on Sep 20, 2024.
How many employees does ONYC have?
As of Apr 30, 2025, the latest employee count at ONYC is 20.
What is the annual revenue of ONYC?
Annual revenue of ONYC is $57.78K as on Mar 31, 2024.
What does ONYC do?
ONYC was founded in 2023 in Gurugram, India, by co-founders Ayush Singh, Praval Pratap Singh, and Mritunjay Prasad. A digital platform is operated under the domain onyc.in to provide kids footwear. The product catalog encompasses shoes, sandals, sliders, flip-flops, and additional items. Focus is placed on the e-commerce sector for childrens products, with operations based in India.
Who are the top competitors of ONYC?
ONYC's top competitors include Aretto, Plaeto and Aria + Nica.
What products or services does ONYC offer?
ONYC offers Artistic Sliders, Artistic Sandals, First Step Shoes, and Jellies Flip-flops.
Who are ONYC's investors?
ONYC has 7 investors. Key investors include Ashwini Kumar Singh, Ankur Mittal, Arokiaswamy Velumani, Recur Club, and Aarti Gupta.
What is ONYC's valuation?
The valuation of ONYC is $1.82M as of Sep 2024.