About Spykar
Spykar is a company based in Mumbai (India) founded in 1992 by Rajesh Sharma, Sanjay Vakharia, and Prasad Pabrekar. It operates as a Direct-to-Consumer (D2C). Spykar has raised $15.33 million across 3 funding rounds from investors including Avigo Capital Partners, Metmin Investments and Rajan Mehta. The company has 269 employees as of January 11, 2025. Spykar offers products and services including Jeans, Shirts, and Innerwear. Spykar operates in a competitive market with competitors including Inditex, Bewakoof, Hopscotch, American Eagle Outfitters and Levi Strauss, among others.
- Headquarter Mumbai, India
- Employees 269 as on 11 Jan, 2025
- Founders Rajesh Sharma, Sanjay Vakharia, Prasad Pabrekar
- 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 Spykar Lifestyles Private Limited
- Date of Incorporation 06 May, 1998
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$70.35 M (USD)-0.79as on Mar 31, 2024
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Net Profit
$679.93 K (USD)-72.38as on Mar 31, 2024
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EBITDA
$4.72 M (USD)-12.39as on Mar 31, 2024
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Total Equity Funding
$15.33 M (USD)
in 3 rounds
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Latest Funding Round
$6.39 M (USD), Series A
Jul 06, 2011
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Investors
Avigo Capital Partners
& 3 more
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Employee Count
269
as on Jan 11, 2025
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Products & Services of Spykar
Spykar offers a comprehensive portfolio of products and services, including Jeans, Shirts, and Innerwear. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Denim jeans are offered for men and women.
Casual shirts are provided for both genders.
Underwear and loungewear are sold for comfort.
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Funding Insights of Spykar
Spykar has successfully raised a total of $15.33M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6.39 million completed in July 2011. 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 3
- Last Round Series A — $6.4M
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First Round
First Round
(04 Jun 2007)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2011 | Amount | Series A - Spykar | Valuation |
investors |
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| Sep, 2009 | Amount | Series A - Spykar | Valuation | Avigo Capital Partners |
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| Jun, 2007 | Amount | Series A - Spykar | Valuation | Avigo Capital Partners |
| 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 Spykar
Spykar has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Avigo Capital Partners, Metmin Investments and Rajan Mehta. 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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Private equity investments are directed toward the FMCG sector.
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Founded Year | Domain | Location | |
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PE firm invests in India
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Founded Year | Domain | Location | |
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RM
Rajan Mehta |
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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 Spykar
| 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 - Spykar
| 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 |
Spykar Comparisons
Competitors of Spykar
Spykar 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 Inditex, Bewakoof, Hopscotch, American Eagle Outfitters and Levi Strauss, 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 |
Retailer of fashion products
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| domain | founded_year | HQ Location |
Multi-category fashion products are sold by an internet-first brand.
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| domain | founded_year | HQ Location |
Programming is facilitated for children via drag-and-drop code blocks.
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| domain | founded_year | HQ Location |
Multi-category fashion products for men and women are offered.
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| domain | founded_year | HQ Location |
Brand of fashion apparel for men and women
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| domain | founded_year | HQ Location |
Multi-category fashion for men and women is 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 Spykar
Frequently Asked Questions about Spykar
When was Spykar founded?
Spykar was founded in 1992 and raised its 1st funding round 15 years after it was founded.
Where is Spykar located?
Spykar is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Spykar?
Sanjay Vakharia is the current CEO of Spykar. They have also founded this company.
Is Spykar a funded company?
Spykar is a funded company, having raised a total of $15.33M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5.25M, raised on Jun 04, 2007.
How many employees does Spykar have?
As of Jan 11, 2025, the latest employee count at Spykar is 269.
What is the annual revenue of Spykar?
Annual revenue of Spykar is $70.35M as on Mar 31, 2024.
What does Spykar do?
Spykar is involved in the retail of casual clothing, primarily focusing on denim jeans for men and women in India. The company offers a wide range of apparel including shirts, t-shirts, jackets, and innerwear. Operations are centered in the fashion and lifestyle sector, providing trendy and youth-oriented solutions through an online platform and physical stores.
Who are the top competitors of Spykar?
Spykar's top competitors include Inditex, Bewakoof and American Eagle Outfitters.
What products or services does Spykar offer?
Spykar offers Jeans, Shirts, and Innerwear.
Who are Spykar's investors?
Spykar has 4 investors. Key investors include Avigo Capital Partners, Metmin Investments, Rajan Mehta, and Rajan Mehta.
What is Spykar's valuation?
The valuation of Spykar is $16.86M as of Jul 2011.