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 |
| 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 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. 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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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 |
| 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 Spoyl
Spoyl has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Revamp My Closet. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Spoyl
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
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.
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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 Spoyl
Frequently Asked Questions about Spoyl
When was Spoyl founded?
Spoyl was founded in 2015.
Where is Spoyl located?
Spoyl is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Spoyl a funded company?
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.
How many employees does Spoyl have?
As of Mar 31, 2019, the latest employee count at Spoyl is 202.
What is the annual revenue of Spoyl?
Annual revenue of Spoyl is $546.88K as on Mar 31, 2019.
What does Spoyl do?
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.
How many acquisitions has Spoyl made?
Spoyl has made 1 acquisition, including Revamp My Closet.
Who are Spoyl's investors?
Spoyl has 8 investors. Key investors include TLabs, Rocketship.vc, Kimberlite, Sequoia Capital, and 500 Global.
What is Spoyl's valuation?
The valuation of Spoyl is $17.12M as of Jan 2018.
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