About Phygicart
Phygicart is a company based in Dubai (United Arab Emirates) founded in 2016 by Anish k Joy.. Phygicart has raised $14.5 million across 1 funding round from investors including Boby Chemmanur. The company has 68 employees as of March 29, 2024. Phygicart operates in a competitive market with competitors including Amazon, Paytm Mall, noon, Wadi and Yallamarket, among others.
- Headquarter Dubai, United Arab Emirates
- Employees 68 as on 29 Mar, 2024
- Founders Anish k Joy
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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
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- Legal Name Phygicart E-Commerce Private Limited
- Date of Incorporation 06 Jul, 2017
- Jurisdiction Thrissur, Kerala, India
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Annual Revenue
$11.94 M (USD)-54.35as on Mar 31, 2023
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Net Profit
$436.37 K (USD)49.51as on Mar 31, 2023
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EBITDA
$436.15 K (USD)-45.72as on Mar 31, 2023
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Total Equity Funding
$14.5 M (USD)
in 1 rounds
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Latest Funding Round
$14.5 M (USD), Angel Round
Jul 05, 2018
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Investors
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Employee Count
68
as on Mar 29, 2024
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Funding Insights of Phygicart
Phygicart has successfully raised a total of $14.5M through 1 strategic funding round. The most recent funding activity was a Angel Round round of $14.5 million completed in July 2018. 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 1
- Last Round Angel Round — $14.5M
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First Round
First Round
(05 Jul 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Angel Round - Phygicart | Valuation | Boby Chemmanur |
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| 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 Phygicart
Phygicart has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Boby Chemmanur. 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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BC
Boby Chemmanur |
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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 Phygicart
| 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 - Phygicart
| 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 |
Phygicart Comparisons
Competitors of Phygicart
Phygicart 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 Amazon, Paytm Mall, noon, Wadi and Yallamarket, 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 |
Multi-category products are offered through an online marketplace.
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| domain | founded_year | HQ Location |
Multi-category consumer products are offered via an app-based marketplace.
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| domain | founded_year | HQ Location |
Multi-category consumer products are sold via an online marketplace platform.
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| domain | founded_year | HQ Location |
Online horizontal marketplace is operated for Middle Eastern countries.
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| domain | founded_year | HQ Location |
Multi-category grocery products are offered via an online platform.
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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 Phygicart
Frequently Asked Questions about Phygicart
When was Phygicart founded?
Phygicart was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Phygicart located?
Phygicart is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Is Phygicart a funded company?
Phygicart is a funded company, having raised a total of $14.5M across 1 funding round to date. The company's 1st funding round was a Angel Round of $14.5M, raised on Jul 05, 2018.
How many employees does Phygicart have?
As of Mar 29, 2024, the latest employee count at Phygicart is 68.
What is the annual revenue of Phygicart?
Annual revenue of Phygicart is $11.94M as on Mar 31, 2023.
What does Phygicart do?
Phygicart was founded in 2016 and is headquartered in Dubai, United Arab Emirates. An online marketplace is operated, featuring a diverse catalog that encompasses clothing, beauty products, electronics, home improvement items, healthcare goods, groceries, food products, and fashion accessories such as perfumes and watches. Transactions are facilitated across these sectors for consumers in the region.
Who are the top competitors of Phygicart?
Phygicart's top competitors include Amazon, noon and Paytm Mall.
Who are Phygicart's investors?
Phygicart has 1 investor. Key investors include Boby Chemmanur.
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