About Renacle
Renacle is a company based in Pune (India) founded in 2011 by Rahul Arya. Renacle has raised $213.51 thousand across 3 funding rounds from investors including 100X.VC, Aniketh Nair and Vivek Singh. Renacle operates in a competitive market with competitors including nextbike, Mobike, MYBYK, Bycyshare Technologies and Chartered Bike, among others.
- Headquarter Pune, India
- Founders Rahul Arya
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website renacle.com
- Social LinkedIn X Facebook
- Legal Name Renacle Cycling Private Limited
- Date of Incorporation 31 Jul, 2017
- Jurisdiction Pimpri Chinchwad, Maharashtra, India
- Annual Revenue₹9.7 Lakh
FY 2020 · +52% YoY
- Net Loss-₹27.2 Lakh
FY 2020 · -280% margin
- EBITDA-₹28.7 Lakh
FY 2020 · -295% margin
- Total Equity Funding$213.51K (USD)
in 3 rounds
- Latest Funding Round$35.14K (USD), Seed
Dec 2019
- Investors100X.VC
& 6 more
Associated legal entities of Renacle
Renacle operates through Renacle Cycling 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 |
|---|---|---|---|---|---|---|---|
| Renacle Cycling Private Limited CIN U74999PN2017PTC171740 | Active | 31 Jul 2017 | Pimpri Chinchwad, Maharashtra | ₹0.1 Cr | 3 | 2 | View details |
Funding Insights of Renacle
Renacle has successfully raised a total of $213.51K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $35.14 thousand completed in December 2019. 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 $213,505
- Total Rounds 3
- Last Round Seed — $35,140
- First Round $61,634
(Nov 2017)
- Investors Count 7
All 3 funding rounds of Renacle with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2019 | $35,140 | Seed | – | 100X.VC | – |
| Nov 2019 | $116,731 | Angel Round | $1.11M | Aniketh Nair | |
| Nov 2017 | $61,634 | Angel Round | $1.09M | Gaurav Parmanand Chainani | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2019 | $1.11M | •••••••• |
| Nov 2017 | $1.09M | •••••••• |
Last known valuation $1.11M (Nov 2019). 7 investors in total: 1 institutional and 6 angel.
Investors in Renacle
Renacle has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include 100X.VC, Aniketh Nair and Vivek Singh.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are funded by 100X.VC venture capital firm. | – | 100x.vc | Mumbai, India | |
AN Aniketh Nair | - | – | unknown_b1a7e2f255f94978a | - |
VS Vivek Singh | Angel investor, co-founder of BuildSupply, focusing on tech startups | – | unknown_958674adffe3494a9 | - |
AA Aniket Atul Mahashabde | - | – | unknown_46129a71c26848beb | - |
RA Rahul Arya | - | – | unknown_d8f881b1ead2407c9 | - |
VS Vivek Singh | - | – | unknown_f1bc49cf181747a78 | - |
GP Gaurav Parmanand Chainani | - | – | unknown_3848470a04154e9e8 | - |
Investor details for Renacle
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Renacle Cycling Private Limited (Renacle)
Renacle Cycling Private Limited is the primary company behind Renacle. The board of Renacle Cycling Private Limited currently have 2 directors; the longest-serving is Shivram Bhimrao Arya, appointed in 2017. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shivram Bhimrao Arya DIN 07976893 | Director | 01 Nov 2017 | 8 yrs 11 mo | Renacle Cycling Private Limited |
| Gaurav Chainani DIN 08917550 | Director | 23 Oct 2020 | 5 yrs 11 mo | Renacle Cycling Private Limited |
People of Renacle
1 people are tracked at Renacle (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for Renacle
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Renacle
Figures of Renacle Cycling Private Limited, the primary company behind Renacle, for FY 2020. Revenue was ₹9.7 Lakh (+52% year on year). Net loss was -₹27.2 Lakh (-280% margin). EBITDA was -₹28.7 Lakh (-295% margin).
- ₹9.7 LakhRevenue · FY 2020 · +52% YoY
- -₹27.2 LakhNet loss · -280% margin
- -₹28.7 LakhEBITDA · -295% margin
- ₹26.2 LakhPaid-up capital
- 3Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Renacle Cycling Private Limited are on its company page.
Detailed financial statements for Renacle
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Renacle
4 dated milestones of Renacle across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Renacle is founded.
- Funding First funding round of $62K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $35K.
Competitors of Renacle
Renacle 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 nextbike, Mobike, MYBYK, Bycyshare Technologies and Chartered Bike, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nextbike.net | 2004 | Leipzig, Germany | – | 460 | End-to-end solutions for bicycle sharing | |
| mobike.com | 2015 | Beijing, China | $925M | – | App-based rental platform offering bicycles | |
| mybyk.in | 2014 | Ahmedabad, India | $1.34M | 42 | Subscription-based bicycle rentals are enabled via a mobile app. | |
| bycysharetechnologies.tcc.mode | 2017 | Delhi, India | – | 909 | Bicycles are rented online and unlocked via QR code scans. | |
| charteredbike.in | 2017 | Ahmedabad, India | – | 94 | Electric vehicle subscription and leasing provider for personal and commercial use | |
| cymour.com | 2013 | Pune, India | $30,859 | 3 | Bicycles are located, unlocked, and rented via an app-based platform. | |
| planetgreenbikes.in | 2016 | Delhi, India | – | – | Operates a platform for eco-friendly cycle rentals. |
Detailed competitors of Renacle
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Renacle
10 companies that operate in the same segment as Renacle (Road Transport Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore | USD 9.09 B | USD 3.37 B | 11,270 | |
An online platform providing ride-hailing and food delivery services | 2009 | San Francisco, California, United States | USD 13.21 B | USD 52.02 B | 31,100 | |
Ride-hailing, electric vehicles, and financial solutions are provided via app. | 2010 | Bengaluru, Karnataka, India | USD 3.84 B | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765.74 M | – | – | |
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions | 2015 | Bengaluru, Karnataka, India | USD 813.93 M | USD 19.11 M | 660 | |
Rides and deliveries are facilitated via a mobile app platform. | 2012 | Dubai, Dubai, United Arab Emirates | USD 771.7 M | – | – | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.71 B | – | – | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Bus tickets are booked online via portal and mobile app. | 2006 | Bengaluru, Karnataka, India | USD 10 M | – | – | |
App-based ride-hailing aggregator | 2007 | San Francisco, California, United States | USD 5.02 B | USD 6.32 B | 2,930 |
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Frequently Asked Questions about Renacle
Renacle was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Renacle is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Rahul Arya is the current CEO of Renacle. They have also founded this company.
Renacle is a funded company, having raised a total of $213.51K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $61.63K, raised on Nov 2017.
The primary company behind Renacle, Renacle Cycling Private Limited, reported revenue of ₹9.7 Lakh for FY 2020, up 52% year on year.
An online platform for station-based bicycle rentals was established in 2011 in Pune, India. Nearby bicycles are located by riders via search functions, unlocked through QR code scans, and used for travel to destinations. Upon arrival, bicycles are secured by parking and locking at designated spaces. Monthly rental services are also made available to users.
Renacle has 7 investors. Key investors include 100X.VC, Aniketh Nair, Vivek Singh, Aniket Atul Mahashabde, and Rahul Arya.
The valuation of Renacle is $1.11M as of Nov 2019.
Renacle operates through Renacle Cycling Private Limited.
The legal entities of Renacle currently have 2 directors, including Shivram Bhimrao Arya, Gaurav Chainani.