About Reelo
Reelo is a company based in Ahmedabad (India) founded in 2017 by Parin Sanghvi and Prit Pareshkumar Sanghvi. Reelo has raised $1.27 million across 2 funding rounds from investors including Gokul Rajaram, Mit Hiteshkumar Shah and Ketankumar Rasiklal Shah. The company has 20 employees as of March 22, 2024. Reelo operates in a competitive market with competitors including Toast, Olo, Zenput, UrbanPiper and Paytronix, among others.
- Headquarter Ahmedabad, India
- Employees 20 as on 22 Mar, 2024
- Founders Parin Sanghvi, Prit Pareshkumar Sanghvi
- Stage Minicorn
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Sectors
ConsumerRetail Technology
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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 Reelo Technologies Private Limited
- Date of Incorporation 07 Nov, 2017
- Jurisdiction Ahmadabad City, Gujarat, India
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Annual Revenue
$178.87 K (USD)177.91as on Mar 31, 2023
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Net Profit
-$69.71 K (USD)-14.28as on Mar 31, 2023
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EBITDA
-$68.4 K (USD)-1.5as on Mar 31, 2023
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Total Equity Funding
$1.27 M (USD)
in 2 rounds
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Latest Funding Round
$1 M (USD), Angel Round
Dec 21, 2023
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Investors
& 8 more
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Employee Count
20
as on Mar 22, 2024
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People of Reelo
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Funding Insights of Reelo
Reelo has successfully raised a total of $1.27M across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $1 million completed in December 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 2
- Last Round Angel Round — $1.0M
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First Round
First Round
(11 Dec 2020)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Angel Round - Reelo | Valuation | Gokul Rajaram |
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| Dec, 2020 | Amount | Angel Round - Reelo | Valuation | Mit Hiteshkumar Shah , Ketankumar Rasiklal Shah |
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Investors in Reelo
Reelo has secured backing from 9 investors, including angel investors. Prominent investors backing the company include Gokul Rajaram, Mit Hiteshkumar Shah and Ketankumar Rasiklal Shah.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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GR
Gokul Rajaram |
Angel investor, product leader at DoorDash, ex-Google, Square
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Founded Year | Domain | Location |
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MH
Mit Hiteshkumar Shah |
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Founded Year | Domain | Location |
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KR
Ketankumar Rasiklal Shah |
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Founded Year | Domain | Location |
Investments & Acquisitions by Reelo
Financial Statements - Reelo
Reelo Comparisons
Competitors of Reelo
Reelo 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 Toast, Olo, Zenput, UrbanPiper and Paytronix, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Restaurant operations are managed via a cloud-based platform.
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| domain | founded_year | HQ Location |
Olo is recognized as a restaurant technology platform provider.
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| domain | founded_year | HQ Location |
Zenput is utilized as an operations execution platform for multi-unit operators.
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| domain | founded_year | HQ Location |
Delivery channels management software is provided for restaurants.
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| domain | founded_year | HQ Location |
Cloud-based loyalty solutions for restaurants and stores are provided.
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| domain | founded_year | HQ Location |
SaaS solutions for restaurant online ordering and analytics are offered.
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Latest news on Reelo
Frequently Asked Questions about Reelo
Reelo was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Reelo is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Prit Pareshkumar Sanghvi is the current CEO of Reelo. They have also founded this company.
Reelo is a funded company, having raised a total of $1.27M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $271.19K, raised on Dec 11, 2020.
As of Mar 22, 2024, the latest employee count at Reelo is 20.
Annual revenue of Reelo is $178.87K as on Mar 31, 2023.
Reelo was founded in 2017 in Ahmedabad, India, as a provider of customer engagement and retention tools targeted at restaurants and retail businesses. Operations focus on data-driven insights into customer preferences and behaviors to support personalized marketing and loyalty initiatives. Services encompass loyalty programs, referral marketing, automated campaigns, and feedback collection mechanisms. The platform facilitates customer interactions through tailored strategies in the retail and hospitality sectors.
Reelo's top competitors include Toast, UrbanPiper and SpotOn.
Reelo has 9 investors. Key investors include Gokul Rajaram, Mit Hiteshkumar Shah, Ketankumar Rasiklal Shah, Shrenikbhai Rasiklal Shah, and Shrikesh Prabhulal Mehta.
The valuation of Reelo is $7.01M as of Dec 2023.