About Otipy
Otipy is a Retail company based in Gurugram (India) founded in 2020 by Varun Khurana. It operates as a grocery products are provided via an online digital storefront. Otipy has raised $44.2 million across 4 funding rounds from investors including Nuvama, WestBridge Capital and Pravega Ventures. The company has 119 employees. Its chief executive is Varun Khurana. Its Indian entity Otipy Internet Private Limited reported revenue of ₹160 Cr. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Multi Category. Its competitors include Blinkit, Bigbasket, Swiggy, Dunzo and Ondoor and 1 more; 6 of its 6 listed competitors have raised funding.
Company details
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.
- Headquarters Gurugram, India
- Employees 119
- Founders Varun Khurana
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website otipy.com
- Social LinkedIn X Facebook
- Legal Name Otipy Internet Private Limited
- Date of Incorporation 11 Nov, 2020
- Jurisdiction Delhi, India
- Annual Revenue₹160 Cr
FY 2024 · +67% YoY
- Net Loss-₹51.94 Cr
FY 2024 · -32% margin
- EBITDA-₹49.93 Cr
FY 2024 · -31% margin
- Total Equity Funding$44.2M (USD)
in 4 rounds
- Latest Funding Round$2M (USD), Debt – Venture
Mar 2025
- InvestorsNuvama
& 8 more
- Employee Count119
Associated legal entities of Otipy
Otipy operates through Otipy Internet Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Otipy Internet Private Limited CIN U01409DL2020PTC373082 | Active | 11 Nov 2020 | Delhi, Delhi | ₹160 Cr | 119 | 2 | View details |
Apps and channels of Otipy
Otipy publishes 1 mobile app with over 1M+ downloads.
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 $44.2M
- Total Rounds 4
- Last Round Debt – Venture — $2M
- First Round $2M
(Aug 2020)
- Investors Count 9
All 4 funding rounds of Otipy 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 |
|---|---|---|---|---|---|
| Mar 2025 | $2M | Debt – Venture | – | – | |
| Dec 2021 | $32M | Series B | – | WestBridge Capital | |
| Jul 2021 | $10.2M | Series A | – | SIG Venture Capital | |
| Aug 2020 | $2M | Seed | – | Inflection Point Ventures |
9 investors in total: 9 institutional.
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. | 2000 | westbridgecap.com | Quatre Bornes, Mauritius | |
Investments are made in digital society, education, and employability sectors. | – | omidyarnetwork.in | Mumbai, India | |
Venture capital firm focused on seed and late stage investments | – | sig-asiavc.com | Hong Kong, China | |
Venture debt financing is extended to companies across multiple sectors. | 2008 | innovencapital.com | Mumbai, India | |
Financial services, strategic advisory, and partnerships in investments. | – | pravegavc.com | Bengaluru, India | |
Early-stage tech and energy focused venture capital firm funding companies in the US, Europe and Africa | – | factore.com | Nairobi, Kenya | |
Investments are made in early-stage tech startups across sectors. | – | ipventures.in | Gurugram, India | |
Smile Group is engaged in investing, building, and partnering with disruptive founders across Asia. | – | smile.group | Gurugram, India | |
An integrated wealth management platform is operated by Nuvama. | 2008 | nuvama.com | Mumbai, India |
![Factor[e] Ventures logo](https://img.thecompanycheck.com/b/factore_logo.webp){kind=logo}
Investor details for Otipy
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Board of directors of Otipy Internet Private Limited (Otipy)
Otipy Internet Private Limited is the primary company behind Otipy. The board of Otipy Internet Private Limited currently have 2 directors; the longest-serving is Himanshu Kumar, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Himanshu Kumar DIN 08957960 | Director | 11 Nov 2020 | 5 yrs 11 mo | Otipy Internet Private Limited |
| Varun Khurana DIN 01440437 | Director | 11 Nov 2020 | 5 yrs 11 mo | Otipy Internet Private Limited |
People of Otipy
3 people are tracked at Otipy (2 in leadership, 1 in team); the tracked headcount is 119.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Himanshu Rajput | Senior Vice President | Leadership |
Sanskriti Tyagi | Assistant Manager | Team |
Complete people profiles for Otipy
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Financials of Otipy
Figures of Otipy Internet Private Limited, the primary company behind Otipy, for FY 2024. Revenue was ₹160 Cr (+67% year on year). Net loss was -₹51.94 Cr (-32% margin). EBITDA was -₹49.93 Cr (-31% margin). Revenue has grown at a compounded annual rate of +312% over three years.
- ₹160 CrRevenue · FY 2024 · +67% YoY
- -₹51.94 CrNet loss · -32% margin
- -₹49.93 CrEBITDA · -31% margin
- ₹1 LakhPaid-up capital
- 119Employees (provident fund records)
- +312%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Otipy Internet Private Limited are on its company page.
Detailed financial statements for Otipy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Otipy
3 dated milestones of Otipy across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Otipy is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Debt – Venture, of $2.0M.
Competitors of Otipy
Otipy has 6 listed competitors in our database, 6 of them funded. They include Blinkit, Bigbasket, Swiggy, Dunzo and Ondoor, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| blinkit.com | 2013 | Gurugram, India | $757.52M | 5,975 | Instant delivery of groceries and essentials is facilitated online. | |
| bigbasket.com | 2011 | Bengaluru, India | $943.07M | 22,095 | Personal and household products are delivered via an e-commerce platform. | |
| swiggy.com | 2014 | Bengaluru, India | $3.62B | 4,953 | Food and grocery items are ordered via an online network. | |
| dunzo.com | 2014 | Bengaluru, India | $449.13M | 195 | Operates an on-demand hyperlocal delivery app for food and groceries. | |
| ondoor.com | 2014 | Bhopal, India | $3.42M | 36 | Provider of online platform offering grocery, household items, cakes, and flowers | |
| unorg.in | 2022 | Lucknow, India | $2.33M | 68 | Multi-category grocery products are provided through an app-based marketplace platform. |
Detailed competitors of Otipy
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Web traffic of Otipy
The website of Otipy (otipy.com) receives about 2K visits a month.
- Monthly visits2K
▲ 88.1% vs previous month
Websites whose visitors overlap most with Otipy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bhoomi.farm | 100% | – | #2,372,307 | View details | |
| ueirorganic.com | 83% | 104.7K | #231,470 | View details | |
| startupnews.fyi | 83% | 44.6K | #568,305 | View details | |
| kisanmandi.com | 73% | 9K | #1,392,329 | View details | |
| kisankonnect.in | 69% | 40.1K | #741,075 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for Otipy
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Top companies in Food & Grocery Retail
10 companies that operate in the same segment as Otipy (Food & Grocery Retail), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Meal recipe kits are delivered through a weekly subscription service. | 2011 | Berlin, Berlin, Germany | USD 367.28 M | USD 1.51 B | 17,595 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | 15,437 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | – | 11,913 | |
Multi-category products are delivered quickly through an online platform. | 2020 | Bengaluru, Karnataka, India | USD 2.35 B | USD 344.05 K | 40,578 | |
Organic groceries are offered through an online membership platform. | 2013 | Los Angeles, California, United States | USD 332.18 M | – | – | |
Online marketplace platform offering multi-category grocery products | 2012 | San Francisco, California, United States | USD 2.93 B | USD 3.74 B | 25,408 | |
Platform offering food and grocery delivery services | 2013 | London, England, United Kingdom | USD 2.95 B | USD 2.59 B | 11,488 |
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Related news about Otipy
Complete news archive for Otipy
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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 Seed of $2M, raised on Aug 2020.
Otipy has 119 employees.
The primary company behind Otipy, Otipy Internet Private Limited, reported revenue of ₹160 Cr for FY 2024, up 67% year on year.
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.
Otipy operates through Otipy Internet Private Limited.
The legal entities of Otipy currently have 2 directors, including Himanshu Kumar, Varun Khurana.
Yes. Otipy publishes Otipy:Fresh Vegetable & Fruits, with over 1 million downloads.