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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $17,400
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First Round
First Round
(06 Jan 2022)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Seed - Oyela | Valuation |
investors |
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| Mar, 2023 | Amount | Seed - Oyela | Valuation | Prime Venture Partners |
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| Jan, 2022 | Amount | Seed - Oyela | Valuation | Maninder Gulati |
| 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 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. 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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Venture capital fund focused on tech startups
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Founded Year | Domain | Location | |
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Micro venture capital fund focused on tech startups
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Founded Year | Domain | Location | |
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Seed to series A startups receive investments from Good Capital.
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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 Oyela
| 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 - Oyela
| 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 |
Oyela Comparisons
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. 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 |
Used multi-category products are traded via an app-based social marketplace.
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| domain | founded_year | HQ Location |
Online social shopping marketplace for women fashion products
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| domain | founded_year | HQ Location |
Multi-category products are retailed online by CityMall.
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| domain | founded_year | HQ Location |
Social shopping platform of fashion products
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| domain | founded_year | HQ Location |
Operates a digital platform for fashion and lifestyle products.
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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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Frequently Asked Questions about Oyela
When was Oyela founded?
Oyela was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Oyela located?
Oyela is headquartered in Balangir, India. It is registered at Balangir, Odisha, India.
Is Oyela a funded company?
Oyela is a funded company, having raised a total of $2.62M across 3 funding rounds to date. The company's 1st funding round was a Seed of $865.6K, raised on Jan 06, 2022.
How many employees does Oyela have?
As of Apr 09, 2024, the latest employee count at Oyela is 51.
What is the annual revenue of Oyela?
Annual revenue of Oyela is $100.76K as on Mar 31, 2022.
What does Oyela do?
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.
Who are the top competitors of Oyela?
What products or services does Oyela offer?
Oyela offers Pinstripes Flared Sleeves Shirt, Belted Tapered Pants, Navy Fit & Flare Corset Dress, and Parachute Pants.
Who are Oyela's investors?
Oyela has 29 investors. Key investors include Angel List, Pictor Labs, LetsVenture, Upsparks Capital, and Bhaskar Raju Konduru.
What is Oyela's valuation?
The valuation of Oyela is $7.22M as of Aug 2023.