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
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Sectors
Transportation, Automotive & Logistics
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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 Renacle Cycling Private Limited
- Date of Incorporation 31 Jul, 2017
- Jurisdiction Pimpri Chinchwad, Maharashtra, India
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Annual Revenue
$8.94 K (USD)355.39as on Mar 31, 2019
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Net Profit
-$25.33 K (USD)-164.51as on Mar 31, 2019
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EBITDA
-$29.07 K (USD)-135.01as on Mar 31, 2019
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Total Equity Funding
$213.51 K (USD)
in 3 rounds
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Latest Funding Round
$35.14 K (USD), Seed
Dec 20, 2019
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Investors
100X.VC
& 6 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 3
- Last Round Seed — $35,140
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First Round
First Round
(01 Nov 2017)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Seed - Renacle | Valuation | 100X.VC |
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| Nov, 2019 | Amount | Angel Round - Renacle | Valuation | Aniketh Nair | |
| Nov, 2017 | Amount | Angel Round - Renacle | Valuation | Gaurav Parmanand Chainani |
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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 |
|---|---|---|---|---|
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Early-stage startups are funded by 100X.VC venture capital firm.
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Founded Year | Domain | Location | |
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AN
Aniketh Nair |
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Founded Year | Domain | Location |
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VS
Vivek Singh |
Angel investor, co-founder of BuildSupply, focusing on tech startups
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Founded Year | Domain | Location |
Investments & Acquisitions by Renacle
Financial Statements - Renacle
Renacle Comparisons
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 year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
End-to-end solutions for bicycle sharing
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| domain | founded_year | HQ Location |
App-based rental platform offering bicycles
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| domain | founded_year | HQ Location |
Subscription-based bicycle rentals are enabled via a mobile app.
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| domain | founded_year | HQ Location |
Bicycles are rented online and unlocked via QR code scans.
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| domain | founded_year | HQ Location |
Electric vehicle subscription and leasing provider for personal and commercial use
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| domain | founded_year | HQ Location |
Bicycles are located, unlocked, and rented via an app-based platform.
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Latest news on Renacle
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 01, 2017.
Annual revenue of Renacle is $8.94K as on Mar 31, 2019.
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.