About Reely Broadband
Reely Broadband is a Telecommunications company based in Pune (India) founded in 2016, and was acquired by VideoVerse in April 2023. Internet services are provided by Reely Broadband in Pune, India. Its Indian entity Reely Broadband And Telecommunications Private Limited reported revenue of ₹10.8 Lakh. Its focus areas include Telecom, Telecom Operators, Broadband and Wireless.
Company details
Reely Broadband was established in 2016 and is headquartered in Pune, India. Broadband internet services are delivered to users in the region through its network infrastructure. Operations are centered on the telecommunications sector, where connectivity solutions are offered for both residential and business needs. The companys domain, reely.in, supports online service management and customer access. Focus remains on regional internet provision without expansion details specified.
- Headquarters Pune, India
- Stage Acquired
- SectorsTelecommunications
- Website reely.in
- Acquired by VideoVerse (Apr 2023)
- Legal Name Reely Broadband And Telecommunications Private Limited
- Date of Incorporation 27 Jul, 2016
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹10.8 Lakh
FY 2020 · -72% YoY
- Net Loss-₹52,225
FY 2020 · -5% margin
- EBITDA₹1.2 Lakh
FY 2020 · 11% margin
- Investors
- Acquired byVideoVerse
(Apr 2023)
Associated legal entities of Reely Broadband
Reely Broadband operates through Reely Broadband And Telecommunications Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Reely Broadband And Telecommunications Private Limited CIN U74999PN2016PTC165739 | Active | 27 Jul 2016 | Pune, Maharashtra | ₹0.1 Cr | 2 | View details |
Investors in Reely Broadband
Reely Broadband has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include VideoVerse.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AI-powered video editing and content management solutions are provided. | 2016 | vverse.ai | Los Angeles, United States |
Investor details for Reely Broadband
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Board of directors of Reely Broadband And Telecommunications Private Limited (Reely Broadband)
Reely Broadband And Telecommunications Private Limited is the primary company behind Reely Broadband. The board of Reely Broadband And Telecommunications Private Limited currently have 2 directors; the longest-serving is Sonali Dhanetwal, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sonali Dhanetwal DIN 07552542 | Director | 27 Jul 2016 | 10 yrs 3 mo | Reely Broadband And Telecommunications Private Limited |
| Hemant Ankushrao Balwadkar DIN 08456743 | Director | 20 May 2019 | 7 yrs 5 mo | Reely Broadband And Telecommunications Private Limited |
Financials of Reely Broadband
Figures of Reely Broadband And Telecommunications Private Limited, the primary company behind Reely Broadband, for FY 2020. Revenue was ₹10.8 Lakh (-72% year on year). Net loss was -₹52,225 (-5% margin). EBITDA was ₹1.2 Lakh (11% margin). Revenue has grown at a compounded annual rate of +3% over three years.
- ₹10.8 LakhRevenue · FY 2020 · -72% YoY
- -₹52,225Net loss · -5% margin
- ₹1.2 LakhEBITDA · 11% margin
- ₹1 LakhPaid-up capital
- +3%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Reely Broadband And Telecommunications Private Limited are on its company page.
Detailed financial statements for Reely Broadband
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Timeline of Reely Broadband
2 dated milestones of Reely Broadband across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Reely Broadband is founded.
- Exit Acquired by VideoVerse.
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Related news about Reely Broadband
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Frequently Asked Questions about Reely Broadband
Reely Broadband was founded in 2016.
Reely Broadband is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
The primary company behind Reely Broadband, Reely Broadband And Telecommunications Private Limited, reported revenue of ₹10.8 Lakh for FY 2020, down 72% year on year.
Reely Broadband was established in 2016 and is headquartered in Pune, India. Broadband internet services are delivered to users in the region through its network infrastructure. Operations are centered on the telecommunications sector, where connectivity solutions are offered for both residential and business needs. The companys domain, reely.in, supports online service management and customer access. Focus remains on regional internet provision without expansion details specified.
Reely Broadband has 1 investor. Key investors include VideoVerse.
Reely Broadband operates through Reely Broadband And Telecommunications Private Limited.
Yes. Reely Broadband was acquired by VideoVerse in April 2023.
The legal entities of Reely Broadband currently have 2 directors, including Hemant Ankushrao Balwadkar, Sonali Dhanetwal.