About Spoyl
Spoyl is a company based in Hyderabad (India) founded in 2015 by Sumit Agarwal and Bhargav Errangi. It operates as a B2C. Spoyl has raised $6.2 million across 4 funding rounds from investors including TLabs, Rocketship.vc and Kimberlite. The company has 202 employees as of March 31, 2019. Spoyl has completed 1 acquisition, including Revamp My Closet. Spoyl operates in a competitive market with competitors including Myntra, Nykaa Fashion, Jabong, Ajio and Lyskraft, among others.
- Headquarter Hyderabad, India
- Employees 202 as on 31 Mar, 2019
- Founders Sumit Agarwal, Bhargav Errangi
- Stage Minicorn
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spoyl Tech Solutions Private Limited
- Date of Incorporation 19 Dec, 2014
- Jurisdiction Hydearbad, Telangana, India
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Annual Revenue
$546.88 K (USD)1052.29as on Mar 31, 2019
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Net Profit
-$2.52 M (USD)-89.67as on Mar 31, 2019
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EBITDA
-$2.5 M (USD)-90.14as on Mar 31, 2019
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Total Equity Funding
$6.2 M (USD)
in 4 rounds
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Latest Funding Round
$4.52 M (USD), Seed
Jan 29, 2018
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Investors
TLabs
& 7 more
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Employee Count
202
as on Mar 31, 2019
- Investments & Acquisitions
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Funding Insights of Spoyl
Spoyl has successfully raised a total of $6.2M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $4.52 million completed in January 2018. 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 4
- Last Round Seed — $4.5M
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First Round
First Round
(17 Nov 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Seed - Spoyl | Valuation | Kimberlite | |
| Jul, 2016 | Amount | Seed - Spoyl | Valuation | Kimberlite | |
| Apr, 2016 | Amount | Angel Round - Spoyl | Valuation | Altaf Saiyed , Altaf Saiyed |
Investors in Spoyl
Spoyl has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include TLabs, Rocketship.vc and Kimberlite.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Consumer internet startups are accelerated and funded by TLabs.
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Founded Year | Domain | Location | |
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Rocketship.vc is engaged in data mining and startup investment.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spoyl
Spoyl has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Revamp My Closet.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Pre-owned fashion is bought and sold through an online platform.
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2015 |
Financial Statements - Spoyl
Spoyl Comparisons
Competitors of Spoyl
Spoyl 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 Myntra, Nykaa Fashion, Jabong, Ajio and Lyskraft, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Fashion and lifestyle products are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Online platform for shopping clothing, accessories, gadgets, and home decor items.
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|
| domain | founded_year | HQ Location |
Online marketplace for fashion products
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| domain | founded_year | HQ Location |
Manages an e-commerce platform offering diverse fashion products for men, women, and kids.
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|
| domain | founded_year | HQ Location |
Fashion products and accessories for women are offered online.
|
Frequently Asked Questions about Spoyl
Spoyl was founded in 2015.
Spoyl is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Spoyl is a funded company, having raised a total of $6.2M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $70.23K, raised on Nov 17, 2015.
As of Mar 31, 2019, the latest employee count at Spoyl is 202.
Annual revenue of Spoyl is $546.88K as on Mar 31, 2019.
Spoyl, established in 2015, excels in engaging in retail operations, operating online marketplaces, engaging in influencer marketing, and online platform. Offers an online e-commerce platform powered by influencers. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Spoyl has made 1 acquisition, including Revamp My Closet.
Spoyl has 8 investors. Key investors include TLabs, Rocketship.vc, Kimberlite, Sequoia Capital, and 500 Global.
The valuation of Spoyl is $17.12M as of Jan 2018.