About Pursuite
Pursuite is a company based in Gurugram (India) founded in 2016 was acquired by Space Matrix in June 2022.. Pursuite has raised $1.56 million across 2 funding rounds from investors including Space Matrix, Mogli Labs and Singapore Medical Group. Pursuite operates in a competitive market with competitors including Horeca Stop, Decornt, Soukwagon, FreshVille and Bakerykart, among others.
- Headquarter Gurugram, India
- Stage Minicorn
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Sectors
RetailTravel & Hospitality
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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 Pursuite Enterprises Private Limited
- Date of Incorporation 20 Jul, 2017
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$629.04 (USD)-99.57as on Mar 31, 2023
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Net Profit
$-38.65 K (USD)34.73as on Mar 31, 2023
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EBITDA
$629.04 (USD)102.7as on Mar 31, 2023
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Total Equity Funding
$1.56 M (USD)
in 2 rounds
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Latest Funding Round
$1.27 M (USD), Seed
Dec 19, 2018
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Investors
Space Matrix
& 31 more
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Employee Count
Employee Count
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Acquired by
Space Matrix
(Jun 15, 2022)
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Funding Insights of Pursuite
Pursuite has successfully raised a total of $1.56M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.27 million completed in December 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 2
- Last Round Seed — $1.3M
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First Round
First Round
(20 Oct 2017)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Seed - Pursuite | Valuation | Anurag Srivastava , Anurag Srivastava | |
| Oct, 2017 | Amount | Seed - Pursuite | Valuation | Mogli Labs , Vantageimpex |
| 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 Pursuite
Pursuite has secured backing from 32 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Space Matrix, Mogli Labs and Singapore Medical Group. 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Investment management services in growth equity and public investments in India.
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Founded Year | Domain | Location | |
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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 Pursuite
| 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 - Pursuite
| 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 |
Pursuite Comparisons
Competitors of Pursuite
Pursuite 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 Horeca Stop, Decornt, Soukwagon, FreshVille and Bakerykart, 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 |
Hotel supplies are connected through a cloud-based online marketplace.
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| domain | founded_year | HQ Location |
An online B2B marketplace for multi-category hotel supplies.
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| domain | founded_year | HQ Location |
Manages a B2B digital marketplace for procuring everyday necessities.
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| domain | founded_year | HQ Location |
Operates a digital marketplace specializing in hotel supplies.
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| domain | founded_year | HQ Location |
Online platform selling bakery ingredients, tools, and supplies to customers.
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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 Pursuite
Frequently Asked Questions about Pursuite
When was Pursuite founded?
Pursuite was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Pursuite located?
Pursuite is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Pursuite a funded company?
Pursuite is a funded company, having raised a total of $1.56M across 2 funding rounds to date. The company's 1st funding round was a Seed of $291.62K, raised on Oct 20, 2017.
What is the annual revenue of Pursuite?
Annual revenue of Pursuite is $629.04 as on Mar 31, 2023.
What does Pursuite do?
Pursuite was founded in 2016 in Gurugram, India, as a B2B platform in the hospitality sector. Equipment, tools, and supplies for hotels and restaurants are offered across categories including food service, bed and bath, guest amenities, and janitorial items. Products from brands such as Aristo, Peps, Nespresso, and Damati are featured. Quotes are exchanged directly between buyers and sellers to facilitate transactions.
Who are the top competitors of Pursuite?
Pursuite's top competitors include Horeca Stop, Decornt and Bakerykart.
Who are Pursuite's investors?
Pursuite has 32 investors. Key investors include Space Matrix, Mogli Labs, Singapore Medical Group, Singularity Ventures AMC, and Sameera Biswas.
What is Pursuite's valuation?
The valuation of Pursuite is $7.32M as of Dec 2018.