About Ripsey
Ripsey is a company based in Mumbai (India) founded in 2018 by Alekhya Boora and Silky Singh. Ripsey has raised $421.16 thousand across 2 funding rounds from investors including ah! Ventures, Sandeep Bagla and Bakir Gandhi. Ripsey operates in a competitive market with competitors including EatFit, The Kenko Life, SoupX, InstaDiet and Planto Meals, among others.
- Headquarter Mumbai, India
- Founders Alekhya Boora, Silky Singh
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Sectors
Consumer
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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 Ripsy Food Tech Private Limited
- Date of Incorporation 13 Jul, 2018
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.84 K (USD)46223.87as on Mar 31, 2023
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Net Profit
-$1.7 K (USD)84.04as on Mar 31, 2023
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EBITDA
-$1.14 K (USD)85.18as on Mar 31, 2023
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Total Equity Funding
$421.16 K (USD)
in 2 rounds
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Latest Funding Round
$279.43 K (USD), Seed
Feb 20, 2020
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Investors
ah! Ventures
& 3 more
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Employee Count
Employee Count
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Funding Insights of Ripsey
Ripsey has successfully raised a total of $421.16K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $279.43 thousand completed in February 2020. 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 Seed — $279,427
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First Round
First Round
(01 May 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Seed - Ripsey | Valuation | Sandeep Bagla , Bakir Gandhi | |
| May, 2019 | Amount | Seed - Ripsey | Valuation |
investors |
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Investors in Ripsey
Ripsey has secured backing from 4 investors, including institutional and angel investors. Prominent investors backing the company include ah! Ventures, Sandeep Bagla and Bakir Gandhi.
| Investor | Description | Founded Year | Domain | Location |
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Fundraising is enabled for startups through an investor connection platform.
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Founded Year | Domain | Location | |
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SB
Sandeep Bagla |
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Founded Year | Domain | Location |
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BG
Bakir Gandhi |
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Founded Year | Domain | Location |
Investments & Acquisitions by Ripsey
Financial Statements - Ripsey
Ripsey Comparisons
Competitors of Ripsey
Ripsey 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 EatFit, The Kenko Life, SoupX, InstaDiet and Planto Meals, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Food ordering services are offered via an internet-first restaurant platform.
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| domain | founded_year | HQ Location |
Provider of personalized meal plans
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| domain | founded_year | HQ Location |
Subscription-based healthy meals are delivered via an online platform.
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| domain | founded_year | HQ Location |
Provides a platform for convenient, ready-to-eat dietary meals.
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| domain | founded_year | HQ Location |
Offers on-demand meal delivery services.
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Latest news on Ripsey
Frequently Asked Questions about Ripsey
Ripsey was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Ripsey is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Silky Singh is the current CEO of Ripsey. They have also founded this company.
Ripsey is a funded company, having raised a total of $421.16K across 2 funding rounds to date. The company's 1st funding round was a Seed of $141.73K, raised on May 01, 2019.
Annual revenue of Ripsey is $1.84K as on Mar 31, 2023.
Ripsey was founded in 2018 in Mumbai, India, as an internet-first restaurant focused on nutrition. Various subscription-based meal plans are offered, including Fat Loss, Stay Fit, Muscle Gain, and Keto, to address different dietary needs. Customer progress is tracked through the platform, with plans adapted based on individual requirements. Operations rely on a subscription revenue model within the food delivery and health tech sector.
Ripsey's top competitors include EatFit, The Kenko Life and SoupX.
Ripsey has 4 investors. Key investors include ah! Ventures, Sandeep Bagla, Bakir Gandhi, and Alekhya Boora.
The valuation of Ripsey is $693.19K as of Feb 2020.