About Renowala
Renowala is a Business Services company based in Hyderabad (India) founded in 2014 by Joshua Kumar, and was acquired by Ixora Corporate Services in May 2017. Upcoming online home services marketplace. It operates in the Business Services, Real Estate & Construction, and Consumer sectors. Its chief executive, as recorded, is Joshua Kumar. The company was acqui-hired. Its focus areas include Real Estate and Construction Tech, Property Management Tech, Home Improvement Services and Horizontal. Its legal entity in India is Renowala Online Private Limited (U72200TG2015PTC100920). Its competitors include Kolo App, Garden of Joy and PaperToStone; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2014 in Hyderabad, India, by Joshua Kumar, the company operates as an online marketplace in the home improvement sector. Services such as repairs, renovations, and interiors consultations are facilitated by linking vendors, designers, and homeowners for interactions. Launch is scheduled for January 2016 in Hyderabad and Bangalore. Angel funding was secured from Logtally for a 15 stake, accompanied by tech support for web and app development.
- Headquarters Hyderabad, India
- Founders Joshua Kumar
- Stage Acquired
- SectorsBusiness ServicesReal Estate & Construction Consumer
- Website renowala.com
- Social Facebook
- Acquired by Ixora Corporate Services (May 2017)
- Legal Name Renowala Online Private Limited
- Date of Incorporation 28 Sep, 2015
- Jurisdiction Hyderabad, Telangana, India
- Net Loss-₹61,676
FY 2023 · 0% margin
- EBITDA-₹21,549
FY 2023 · 0% margin
- InvestorsIxora Corporate Services
& 2 more
- Acquired byIxora Corporate Services
(May 2017)
Associated legal entities of Renowala
Renowala operates through Renowala Online Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Renowala Online Private Limited CIN U72200TG2015PTC100920 | Active | 28 Sep 2015 | Secunderabad, Telangana | 2 | View details |
Funding Insights of Renowala
- Total Rounds 2
- Investors Count 2
All 2 funding rounds of Renowala 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 |
|---|---|---|---|---|---|
| Aug 2016 | Angel Round | – | Pradeep Dhobale | – | |
| Nov 2015 | Angel Round | – | Mohammed Maheen Kannu | – |
3 investors in total: 1 institutional and 2 angel.
Investors in Renowala
Renowala has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Pradeep Dhobale, Mohammed Maheen Kannu and Ixora Corporate Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
PD Pradeep Dhobale | Angel investor, ex-Unilever executive, focused on consumer and sustainability startups. | unknown_36a05f6dccb24d30b | ||
MM Mohammed Maheen Kannu | unknown_16336b3467a54ee88 | |||
| icscorp.co.in |
Investor details for Renowala
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 Renowala Online Private Limited (Renowala)
Renowala Online Private Limited is the primary company behind Renowala. The board of Renowala Online Private Limited currently have 2 directors; the longest-serving is Selvakumar Nagamuthu Suppaya, appointed in 2015. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Selvakumar Nagamuthu Suppaya DIN 07289434 | Director | 28 Sep 2015 | 11 yrs 1 mo | Renowala Online Private Limited |
| Rajamani Chakkaravarthi DIN 07762031 | Director | 30 Nov 2017 | 8 yrs 11 mo | Renowala Online Private Limited |
People of Renowala
1 people are tracked at Renowala (1 in leadership).
| Name | Role | Group |
|---|---|---|
Joshua Kumar | Founder & CEO | Leadership |
Complete people profiles for Renowala
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Renowala
Figures of Renowala Online Private Limited, the primary company behind Renowala, for FY 2023. Net loss was -₹61,676 (0% margin). EBITDA was -₹21,549 (0% margin). Revenue has grown at a compounded annual rate of -100% over five years.
- -₹61,676Net loss · 0% margin
- -₹21,549EBITDA · 0% margin
- ₹1.2 LakhPaid-up capital
- -100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Renowala Online Private Limited are on its company page.
Detailed financial statements for Renowala
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 Renowala
4 dated milestones of Renowala across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Renowala is founded.
- Funding First funding round.
- Funding Latest funding round, Angel Round,.
- Exit Acquired by Ixora Corporate Services.
Competitors of Renowala
Renowala has 3 listed competitors in our database, 3 of them funded. They include Kolo App, Garden of Joy and PaperToStone.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| koloapp.in | 2020 | Ernakulam, India | $4.55M | Home improvement services are booked via an app-based marketplace. | ||
| gardenofjoy.in | 2022 | Bengaluru, India | $100,760 | Landscaping and roofing contractor services are offered in Bengaluru. | ||
| papertostone.com | 2015 | Bengaluru, India | $1.21M | 12 | Online marketplace for architects, designers and contractors |
Detailed competitors of Renowala
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Local & Community Services
3 companies that operate in the same segment as Renowala (Local & Community Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Customers are connected with vetted professionals for on-demand home services. | 2014 | Gurugram, Haryana, India | USD 376.49 M | USD 165.84 M | 2,111 | |
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 511.55 M | USD 172.66 M | 4,353 | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 |
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Related news about Renowala
Complete news archive for Renowala
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Frequently Asked Questions about Renowala
Renowala was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Renowala is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Joshua Kumar is the CEO of Renowala, as recorded in our data. They have also founded this company.
Founded in 2014 in Hyderabad, India, by Joshua Kumar, the company operates as an online marketplace in the home improvement sector. Services such as repairs, renovations, and interiors consultations are facilitated by linking vendors, designers, and homeowners for interactions. Launch is scheduled for January 2016 in Hyderabad and Bangalore. Angel funding was secured from Logtally for a 15 stake, accompanied by tech support for web and app development.
Renowala's top competitors include Kolo App, PaperToStone and Garden of Joy.
Renowala has 3 investors. Key investors include Pradeep Dhobale, Mohammed Maheen Kannu, and Ixora Corporate Services.
Renowala operates through Renowala Online Private Limited.
Yes. Renowala was acquired by Ixora Corporate Services in May 2017.
The legal entities of Renowala currently have 2 directors, including Rajamani Chakkaravarthi, Selvakumar Nagamuthu Suppaya.