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
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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 Otipy Internet Private Limited
- Date of Incorporation 11 Nov, 2020
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$11.53 M (USD)56.01as on Mar 31, 2023
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Net Profit
$-8.68 M (USD)-65.85as on Mar 31, 2023
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EBITDA
$-8.55 M (USD)-68.22as on Mar 31, 2023
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Total Equity Funding
$44.2 M (USD)
in 4 rounds
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Latest Funding Round
$2 M (USD), Debt – Venture
Mar 17, 2025
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Investors
Nuvama
& 8 more
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Employee Count
119
as on Apr 07, 2024
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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
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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 |
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| Dec, 2021 | Amount | Series B - Otipy | Valuation | WestBridge Capital | |
| Jul, 2021 | Amount | Series A - Otipy | Valuation | SIG Venture Capital |
| 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 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. 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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Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology.
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Founded Year | Domain | Location | |
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Investments are made in digital society, education, and employability sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on seed and late stage investments
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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 Otipy
| 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 - Otipy
| 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 |
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. 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 |
Instant delivery of groceries and essentials is facilitated online.
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| domain | founded_year | HQ Location |
Personal and household products are delivered via an e-commerce platform.
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| domain | founded_year | HQ Location |
Food and grocery items are ordered via an online network.
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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| domain | founded_year | HQ Location |
Provider of online platform offering grocery, household items, cakes, and flowers
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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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Latest news on Otipy
Frequently Asked Questions about Otipy
When was Otipy founded?
Otipy was founded in 2020.
Where is Otipy located?
Otipy is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Otipy?
Varun Khurana is the current CEO of Otipy. They have also founded this company.
Is Otipy a funded 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.
How many employees does Otipy have?
As of Apr 07, 2024, the latest employee count at Otipy is 119.
What is the annual revenue of Otipy?
Annual revenue of Otipy is $11.53M as on Mar 31, 2023.
What does Otipy do?
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.
Who are the top competitors of Otipy?
Who are Otipy's investors?
Otipy has 9 investors. Key investors include Nuvama, WestBridge Capital, Pravega Ventures, InnoVen Capital, and Omidyar Network India.
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