About OwO
OwO is a Retail company based in India founded in 2020 by Ajay Chhangani and Hardev Sahu. OwO was founded in 2020 in India by two co-founders. OwO has raised $3.87 million across 3 funding rounds from investors including Marwari Angels, Brand Capital and ah! Ventures. The company has 6 employees. OwO was last valued at $7.83 million in December 2021. Its chief executive, as recorded, is Ajay Chhangani. Its Indian entity Owo Technologies Private Limited reported revenue of ₹7.07 Cr. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Water.
Company details
OwO was established in 2020 and is headquartered in India. The company is led by co-founders Ajay Chhangani, serving as CEO, and Hardev Sahu, acting as Director. Operations are based in the Indian market, with the domain owo.in utilized for online presence. Personal identification details, including DIN and PAN numbers, are associated with the leadership team. Specific industry focus remains undisclosed in available records.
- Headquarters India
- Employees 6
- Founders Ajay Chhangani, Hardev Sahu
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website owo.in
- Social LinkedIn X Facebook
- Legal Name Owo Technologies Private Limited
- Date of Incorporation 31 Jan, 2020
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹7.07 Cr
FY 2022 · +580% YoY
- Net Loss-₹2.39 Cr
FY 2022 · -34% margin
- EBITDA-₹2.32 Cr
FY 2022 · -33% margin
- Total Equity Funding$3.87M (USD)
in 3 rounds
- Latest Funding Round$3M (USD), Seed
Dec 2021
- InvestorsMarwari Angels
& 2 more
- Employee Count6
Associated legal entities of OwO
OwO operates through Owo Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Owo Technologies Private Limited CIN U52334HR2020PTC085123 | Active | 31 Jan 2020 | Gurgaon, Haryana | ₹7.1 Cr | 6 | 2 | View details |
Funding Insights of OwO
OwO has successfully raised a total of $3.87M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $3 million completed in December 2021. 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 $3.87M
- Total Rounds 3
- Last Round Seed — $3M
- First Round $662,241
(Jun 2020)
- Investors Count 3
All 3 funding rounds of OwO 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 |
|---|---|---|---|---|---|
| Dec 2021 | $3M | Seed | $7.83M | Brand Capital | – |
| Feb 2021 | $205,467 | Seed | – | ah! Ventures, Marwari Angels | – |
| Jun 2020 | $662,241 | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2021 | $7.83M | •••••••• |
Last known valuation $7.83M (Dec 2021). 3 investors in total: 3 institutional.
Investors in OwO
OwO has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Marwari Angels, Brand Capital and ah! Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage startups are made by Brand Capital. | brandcapital.co.in | Mumbai, India | ||
Angel network focused on tech startups | 2015 | themarwariangels.com | Hyderabad, India | |
Fundraising is enabled for startups through an investor connection platform. | ahventures.in | Mumbai, India |
Investor details for OwO
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Owo Technologies Private Limited (OwO)
Owo Technologies Private Limited is the primary company behind OwO. The board of Owo Technologies Private Limited currently have 2 directors; the longest-serving is Hardev Sahu, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hardev Sahu DIN 02738622 | Director | 31 Jan 2020 | 6 yrs 8 mo | Owo Technologies Private Limited |
| Ajay Chhangani DIN 06431387 | Director | 31 Jan 2020 | 6 yrs 8 mo | Owo Technologies Private Limited |
People of OwO
2 people are tracked at OwO (2 in leadership); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & Director | Leadership |
Complete people profiles for OwO
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of OwO
Figures of Owo Technologies Private Limited, the primary company behind OwO, for FY 2022. Revenue was ₹7.07 Cr (+580% year on year). Net loss was -₹2.39 Cr (-34% margin). EBITDA was -₹2.32 Cr (-33% margin).
- ₹7.07 CrRevenue · FY 2022 · +580% YoY
- -₹2.39 CrNet loss · -34% margin
- -₹2.32 CrEBITDA · -33% margin
- ₹1.23 CrPaid-up capital
- 6Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Owo Technologies Private Limited are on its company page.
Detailed financial statements for OwO
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 OwO
4 dated milestones of OwO across 1 years, from founding to its latest funding, stage changes and deals.
- Founded OwO is founded.
- Funding First funding round of $662K.
- Funding Latest funding round, Seed, of $3.0M.
- Milestone Reaches Minicorn status.
Web traffic of OwO
The website of OwO (owo.in) receives about 1K visits a month.
- Monthly visits1K
▼ 59% vs previous month
Top companies in Food & Grocery Retail
3 companies that operate in the same segment as OwO (Food & Grocery Retail) 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 3.62 B | USD 2.46 B | 4,488 | |
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 |
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Related news about Owo
Complete news archive for OwO
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about OwO
OwO was founded in 2020.
OwO is headquartered in India.
Ajay Chhangani is the CEO of OwO, as recorded in our data. They have also founded this company.
OwO is a funded company, having raised a total of $3.87M across 3 funding rounds to date. The company's 1st funding round was a Seed of $662.24K, raised on Jun 2020.
The primary company behind OwO, Owo Technologies Private Limited, reported revenue of ₹7.07 Cr for FY 2022, up 580% year on year.
OwO was established in 2020 and is headquartered in India. The company is led by co-founders Ajay Chhangani, serving as CEO, and Hardev Sahu, acting as Director. Operations are based in the Indian market, with the domain owo.in utilized for online presence. Personal identification details, including DIN and PAN numbers, are associated with the leadership team. Specific industry focus remains undisclosed in available records.
OwO has 3 investors. Key investors include Marwari Angels, Brand Capital, and ah! Ventures.
The valuation of OwO is $7.83M as of Dec 2021.
OwO operates through Owo Technologies Private Limited.
The legal entities of OwO currently have 2 directors, including Hardev Sahu, Ajay Chhangani.