About Oyela
Oyela is a company based in Balangir (India) founded in 2021 by Anjan Kumar Patel and Rahul Gope. Oyela has raised $2.62 million across 3 funding rounds from investors including Angel List, Pictor Labs and LetsVenture. The company has 51 employees as of April 09, 2024. Oyela offers products and services including Pinstripes Flared Sleeves Shirt, Belted Tapered Pants, Navy Fit & Flare Corset Dress, and Parachute Pants. Oyela operates in a competitive market with competitors including Poshmark, Limeroad, CityMall, Meilishuo and Wooplr, among others.
- Headquarter Balangir, India
- Employees 51 as on 09 Apr, 2024
- Founders Anjan Kumar Patel, Rahul Gope
- Stage Minicorn
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Sectors
RetailMedia & Entertainment
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Email
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Phone
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Website
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Social
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- Legal Name Oyela Technologies Private Limited
- Date of Incorporation 21 Jun, 2021
- Jurisdiction Balangir, Odisha, India
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Annual Revenue
$100.76 K (USD)0as on Mar 31, 2022
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Net Profit
-$96.78 K (USD)0as on Mar 31, 2022
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EBITDA
-$84.02 K (USD)0as on Mar 31, 2022
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Total Equity Funding
$2.62 M (USD)
in 3 rounds
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Latest Funding Round
$17.4 K (USD), Seed
Aug 16, 2023
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Investors
Angel List
& 28 more
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Employee Count
51
as on Apr 09, 2024
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Products & Services of Oyela
Oyela offers a comprehensive portfolio of products and services, including Pinstripes Flared Sleeves Shirt, Belted Tapered Pants, Navy Fit & Flare Corset Dress, and Parachute Pants.
Fashion shirt with pinstripes for casual and trendy wear
Pants featuring a belt for everyday comfortable styling
Dress designed for versatile fashion occasions
Pants with adjustable features for active use
Funding Insights of Oyela
Oyela has successfully raised a total of $2.62M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $17.4 thousand completed in August 2023. 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.
Investors in Oyela
Oyela has secured backing from 29 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Angel List, Pictor Labs and LetsVenture.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on tech startups
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Micro venture capital fund focused on tech startups
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Seed to series A startups receive investments from Good Capital.
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Investor details for Oyela
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Investments & Acquisitions by Oyela
Investment portfolio details for Oyela
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Financial Statements - Oyela
Detailed financials for Oyela
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Oyela Comparisons
Peer comparison for Oyela
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Competitors of Oyela
Oyela 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 Poshmark, Limeroad, CityMall, Meilishuo and Wooplr, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Used multi-category products are traded via an app-based social marketplace.
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Online social shopping marketplace for women fashion products
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Multi-category products are retailed online by CityMall.
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Social shopping platform of fashion products
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Operates a digital platform for fashion and lifestyle products.
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Detailed competitors of Oyela
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Latest news on Oyela
Complete news archive for Oyela
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Frequently Asked Questions about Oyela
Oyela was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Oyela is headquartered in Balangir, India. It is registered at Balangir, Odisha, India.
Oyela is a funded company, having raised a total of $2.62M across 3 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Oyela is 51.
Annual revenue of Oyela is $100.76K as on Mar 31, 2022.
Oyela was founded in 2021 and is based in Balangir, India. An app-based platform is operated as a community marketplace in the fashion sector. Multi-category items such as jackets, dresses, bags, jewelry, shoes, and additional products from various brands are provided to users. The service facilitates peer-to-peer transactions within the community network.
Oyela offers Pinstripes Flared Sleeves Shirt, Belted Tapered Pants, Navy Fit & Flare Corset Dress, and Parachute Pants.
Oyela has 29 investors. Key investors include Angel List, Pictor Labs, LetsVenture, Upsparks Capital, and Bhaskar Raju Konduru.
The valuation of Oyela is $7.22M as of Aug 2023.