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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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 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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| 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 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. 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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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 |
| 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 Reelo
| 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 - Reelo
| 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 |
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. 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 |
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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| 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 Reelo
When was Reelo founded?
Reelo was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Reelo located?
Reelo is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Who is the current CEO of Reelo?
Prit Pareshkumar Sanghvi is the current CEO of Reelo. They have also founded this company.
Is Reelo a funded 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.
How many employees does Reelo have?
As of Mar 22, 2024, the latest employee count at Reelo is 20.
What is the annual revenue of Reelo?
Annual revenue of Reelo is $178.87K as on Mar 31, 2023.
What does Reelo do?
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.
Who are the top competitors of Reelo?
Reelo's top competitors include Toast, UrbanPiper and SpotOn.
Who are Reelo's investors?
Reelo has 9 investors. Key investors include Gokul Rajaram, Mit Hiteshkumar Shah, Ketankumar Rasiklal Shah, Shrenikbhai Rasiklal Shah, and Shrikesh Prabhulal Mehta.
What is Reelo's valuation?
The valuation of Reelo is $7.01M as of Dec 2023.
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