About Otipy
Otipy is a company based in Gurugram (India) founded in 2020 by Varun Khurana. Otipy has raised $44.2 million across 4 funding rounds from investors including Nuvama, WestBridge Capital and Pravega Ventures. The company has 119 employees as of April 07, 2024. Otipy operates in a competitive market with competitors including Blinkit, Bigbasket, Swiggy, Dunzo and Ondoor, among others.
- Headquarter Gurugram, India
- Employees 119 as on 07 Apr, 2024
- Founders Varun Khurana
-
Sectors
Retail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Otipy Internet Private Limited
- Date of Incorporation 11 Nov, 2020
- Jurisdiction Delhi, Delhi, India
-
Annual Revenue
$11.53 M (USD)56.01as on Mar 31, 2023
-
Net Profit
-$8.68 M (USD)-65.85as on Mar 31, 2023
-
EBITDA
-$8.55 M (USD)-68.22as on Mar 31, 2023
-
Total Equity Funding
$44.2 M (USD)
in 4 rounds
-
Latest Funding Round
$2 M (USD), Debt – Venture
Mar 17, 2025
-
Investors
Nuvama
& 8 more
-
Employee Count
119
as on Apr 07, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
People of Otipy
Unlock access to complete
Unlock access to complete
Funding Insights of Otipy
Otipy has successfully raised a total of $44.2M across 4 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $2 million completed in March 2025. 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 Debt – Venture — $2.0M
-
First Round
First Round
(24 Aug 2020)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Debt – Venture - Otipy | Valuation |
investors |
|
| Dec, 2021 | Amount | Series B - Otipy | Valuation | WestBridge Capital | |
| Jul, 2021 | Amount | Series A - Otipy | Valuation | SIG Venture Capital |
Investors in Otipy
Otipy has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Nuvama, WestBridge Capital and Pravega Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology.
|
Founded Year | Domain | Location | |
|
Investments are made in digital society, education, and employability sectors.
|
Founded Year | Domain | Location | |
|
Venture capital firm focused on seed and late stage investments
|
Founded Year | Domain | Location |
Investments & Acquisitions by Otipy
Financial Statements - Otipy
Otipy Comparisons
Competitors of Otipy
Otipy 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 Blinkit, Bigbasket, Swiggy, Dunzo and Ondoor, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Instant delivery of groceries and essentials is facilitated online.
|
|
| domain | founded_year | HQ Location |
Personal and household products are delivered via an e-commerce platform.
|
|
| domain | founded_year | HQ Location |
Food and grocery items are ordered via an online network.
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
|
| domain | founded_year | HQ Location |
Provider of online platform offering grocery, household items, cakes, and flowers
|
Frequently Asked Questions about Otipy
Otipy was founded in 2020.
Otipy is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Varun Khurana is the current CEO of Otipy. They have also founded this company.
Otipy is a funded company, having raised a total of $44.2M across 4 funding rounds to date. The company's 1st funding round was a Series A of $10.2M, raised on Aug 24, 2020.
As of Apr 07, 2024, the latest employee count at Otipy is 119.
Annual revenue of Otipy is $11.53M as on Mar 31, 2023.
Otipy was established in 2020 in Gurugram, India, as an e-commerce platform in the grocery sector. A range of food items, household essentials, and pantry staples is offered through its digital storefront. The catalog encompasses vegetables, fruits, dairy products, eggs, breads, and additional everyday goods. Operations focus on facilitating online access to these essentials for consumers in the region.
Otipy has 9 investors. Key investors include Nuvama, WestBridge Capital, Pravega Ventures, InnoVen Capital, and Omidyar Network India.