About Opinio
Opinio is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2015 by Dilip Verma, and was acquired by Cult.fit in July 2018. Tech-enabled last-mile delivery for food, groceries, and medicines is provided. Opinio has raised $8.3 million across 2 funding rounds from investors including Delhivery, Cult.fit and Accel. Opinio was last valued at $24 million in October 2015. Its Indian entity Moonshots Internet Private Limited reported revenue of ₹62.7 Lakh. Its focus areas include Consumer, Logistics Tech, Parcel and Hyperlocal Delivery. Its competitors include Pikndel, VDeliver and ADLOGGS; 3 of its 3 listed competitors have raised funding.
Company details
Opinio would provide delivery of food, grocery, bakery, medicines etc. Launched in 2014 as an opinion exchange platform, pivoted to logistics segment in 2015. Has tied up with around 500 merchants in 15 areas in Bengaluru and three areas in Delhi as of Sept 2015. Founders are alumni of IIT Kanpur. Funded by Accel Partners and Tracxn Labs. Has shut down operations as of October 2016 and claims to be pivoting to another business model.
- Headquarters Bengaluru, India
- Founders Dilip Verma
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website opinioapp.com
- Social LinkedIn
- Acquired by Cult.fit (Jul 2018)
- Legal Name Moonshots Internet Private Limited
- Date of Incorporation 16 Dec, 2014
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Opinio
Opinio operates through Moonshots Internet Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Moonshots Internet Private Limited CIN U72900KA2014PTC077772 | Strike Off | 16 Dec 2014 | Bangalore, Karnataka | ₹0.6 Cr | 40 | 2 | View details |
Funding Insights of Opinio
Opinio has successfully raised a total of $8.3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in October 2015. 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 $8.3M
- Total Rounds 2
- Last Round Series A — $7M
- First Round $1.3M
(Jul 2015)
- Investors Count 7
All 2 funding rounds of Opinio with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2015 | $7M | Series A | $24M | Delhivery, Sands Capital | |
| Jul 2015 | $1.3M | Seed | $10.8M | Accel |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2015 | $24M | •••••••• |
| Jul 2015 | $10.8M | •••••••• |
Last known valuation $24M (Oct 2015). 8 investors in total: 6 institutional and 2 angel.
Investors in Opinio
Opinio has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Delhivery, Cult.fit and Accel.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Growth stage tech & life sciences focused VC Firm investing in Asia and the US | sandscapitalventures.com | Arlington, United States | ||
Active, long-term growth equity investments are provided globally. | sandscapital.com | Arlington, United States | ||
Early-stage investment and support for technology companies. | 2013 | tracxnlabs.com | Bengaluru, India | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | delhivery.com | Gurugram, India | |
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | cult.fit | Bengaluru, India | |
US Umakant Soni | Founder of ARISE, angel investor, ex-Qualcomm, focused on deep tech | unknown_08cc140d0ae242d09 | ||
MS Mukesh Singh | Angel investor, Senior VP at Zscaler, ex-Microsoft, focused on tech startups | unknown_3620bc65f63f4cdca |
Investor details for Opinio
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Moonshots Internet Private Limited (Opinio)
Moonshots Internet Private Limited is the primary company behind Opinio. The board of Moonshots Internet Private Limited currently have 2 directors; the longest-serving is Mayank Kumar Ram, appointed in 2014.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mayank Kumar Ram DIN 03475681 | Director | 16 Dec 2014 | 11 yrs 10 mo | Moonshots Internet Private Limited |
| Lokesh Kumar Jangid DIN 06974717 | Director | 16 Dec 2014 | 11 yrs 10 mo | Moonshots Internet Private Limited |
People of Opinio
4 people are tracked at Opinio (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Dilip Verma | Co-Founder | Leadership |
| CEO | Leadership | |
Ravinder Singh | Senior Sales Executive And Managing Operation | Leadership |
Prasanna Kumari | Sr. HR Executive | Team |
Complete people profiles for Opinio
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Opinio
Figures of Moonshots Internet Private Limited, the primary company behind Opinio, for FY 2020. Revenue was ₹62.7 Lakh (+1756% year on year). Net profit was ₹61.9 Lakh (99% margin). EBITDA was ₹62.4 Lakh (100% margin). Revenue has grown at a compounded annual rate of -53% over three years.
- ₹62.7 LakhRevenue · FY 2020 · +1756% YoY
- ₹61.9 LakhNet profit · 99% margin
- ₹62.4 LakhEBITDA · 100% margin
- ₹11 LakhPaid-up capital
- 40Employees (provident fund records)
- -53%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Moonshots Internet Private Limited are on its company page.
Detailed financial statements for Opinio
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Opinio
5 dated milestones of Opinio across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Opinio is founded.
- Funding First funding round of $1.3M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $7.0M.
- Exit Acquired by Cult.fit.
Competitors of Opinio
Opinio has 3 listed competitors in our database, 3 of them funded. They include Pikndel, VDeliver and ADLOGGS.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pikndel.com | 2015 | Delhi, India | $1.45M | 15 | Shared dark store and delivery solutions are provided for e-commerce. | |
| vdeliver.in | 2011 | Hyderabad, India | $196,436 | 34 | Hyperlocal on-demand delivery services are facilitated via web platform. | |
| adloggs.com | 2017 | Coimbatore, India | $923,881 | 23 | Hyper-local delivery management platform is provided for logistics operations. |
Detailed competitors of Opinio
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- Full competitor set
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Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Opinio (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Related news about Opinio
Complete news archive for Opinio
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Frequently Asked Questions about Opinio
Opinio was founded in 2015.
Opinio is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Opinio is a funded company, having raised a total of $8.3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.3M, raised on Jul 2015.
The primary company behind Opinio, Moonshots Internet Private Limited, reported revenue of ₹62.7 Lakh for FY 2020, up 1756% year on year.
Opinio would provide delivery of food, grocery, bakery, medicines etc. Launched in 2014 as an opinion exchange platform, pivoted to logistics segment in 2015. Has tied up with around 500 merchants in 15 areas in Bengaluru and three areas in Delhi as of Sept 2015. Founders are alumni of IIT Kanpur. Funded by Accel Partners and Tracxn Labs. Has shut down operations as of October 2016 and claims to be pivoting to another business model.
Opinio has 8 investors. Key investors include Delhivery, Cult.fit, Accel, Tracxn Labs, and Sands Capital Ventures.
The valuation of Opinio is $24M as of Oct 2015.
Opinio operates through Moonshots Internet Private Limited.
Yes. Opinio was acquired by Cult.fit in July 2018.
The legal entities of Opinio currently have 2 directors, including Mayank Kumar Ram, Lokesh Kumar Jangid.