About SoleSearch
SoleSearch is a company based in Gurugram (India) founded in 2020 by Prabal Baghla and Param Minhas.. SoleSearch has raised $795.28 thousand across 1 funding round from investors including Venture Catalysts, Cornerstone and Anthill Ventures. The company has 27 employees as of April 04, 2024. SoleSearch operates in a competitive market with competitors including Culture Circle, Twenty Dresses, Exclusively, Elitify and Shuffling Suitcases, among others.
- Headquarter Gurugram, India
- Employees 27 as on 04 Apr, 2024
- Founders Prabal Baghla, Param Minhas
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Sectors
Retail
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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 Solesearch Private Limited
- Date of Incorporation 27 May, 2022
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$62.81 K (USD)0as on Mar 31, 2023
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Net Profit
$-121.06 K (USD)0as on Mar 31, 2023
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EBITDA
$-120.14 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$795.28 K (USD)
in 1 rounds
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Latest Funding Round
$795.28 K (USD), Seed
May 02, 2023
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Investors
Venture Catalysts
& 2 more
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Employee Count
27
as on Apr 04, 2024
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Funding Insights of SoleSearch
SoleSearch has successfully raised a total of $795.28K through 1 strategic funding round. The most recent funding activity was a Seed round of $795.28 thousand completed in May 2023. 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 1
- Last Round Seed — $795,282
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First Round
First Round
(02 May 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Seed - SoleSearch | Valuation | Venture Catalysts , Anthill Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SoleSearch
SoleSearch has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Venture Catalysts, Cornerstone and Anthill Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Founded Year | Domain | Location | |
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Investments are made in early and growth stage tech startups.
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Founded Year | Domain | Location | |
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Cornerstone is engaged in talent management and brand consultancy.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SoleSearch
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SoleSearch
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Solesearch Comparisons
Competitors of SoleSearch
SoleSearch 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 Culture Circle, Twenty Dresses, Exclusively, Elitify and Shuffling Suitcases, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online marketplace for men's and women's fashion products is operated.
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| domain | founded_year | HQ Location |
Fashion apparel and accessories for women are retailed online.
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| domain | founded_year | HQ Location |
Indian luxury fashion products are retailed via an online marketplace.
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| domain | founded_year | HQ Location |
Online store for international premium and luxury brands
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| domain | founded_year | HQ Location |
Manages an e-commerce store offering multi-category sustainable products.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Solesearch
Frequently Asked Questions about SoleSearch
When was SoleSearch founded?
SoleSearch was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is SoleSearch located?
SoleSearch is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of SoleSearch?
Param Minhas is the current CEO of SoleSearch. They have also founded this company.
Is SoleSearch a funded company?
SoleSearch is a funded company, having raised a total of $795.28K across 1 funding round to date. The company's 1st funding round was a Seed of $795.28K, raised on May 02, 2023.
How many employees does SoleSearch have?
As of Apr 04, 2024, the latest employee count at SoleSearch is 27.
What is the annual revenue of SoleSearch?
Annual revenue of SoleSearch is $62.81K as on Mar 31, 2023.
What does SoleSearch do?
SoleSearch was founded in 2020 and is based in Gurugram, India. An online marketplace is operated in the used fashion sector, where items such as streetwear, sneakers, watches, accessories, and collectibles are listed. Buyers and sellers across the country are connected through the platform, enabling transactions in these categories. Operations focus on facilitating peer-to-peer exchanges in the secondary fashion market.
Who are the top competitors of SoleSearch?
SoleSearch's top competitors include Twenty Dresses, Culture Circle and Exclusively.
Who are SoleSearch's investors?
SoleSearch has 3 investors. Key investors include Venture Catalysts, Cornerstone, and Anthill Ventures.
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