About Tophatter
Tophatter was a Retail company based in Palo Alto (United States) founded in 2011 by Chris Estreich and Ashvin Kumar. It operates an online auction marketplace for a wide range of second-hand products across multiple categories. It operates on a B2C model. Tophatter has raised $21 million across 2 funding rounds from investors including Goodwater Capital, August Capital and CRV. The company has 9 employees. Its chief executive, as recorded, is Ashvin Kumar. Its website tophatter.com draws about 681 thousand monthly visits. Its Indian entity Tophatter Software India Private Limited reported revenue of ₹5.25 Cr. The company is recorded as dissolved. Its focus areas include E-commerce, Online Marketplaces, Auction Platforms and Second-Hand Goods. Its competitors include HiBid Auctions, Listia and EBTH; 2 of its 3 listed competitors have raised funding.
Company details
Tophatter operates with a B2C model, focusing on operating online marketplaces, online marketplaces, auction platforms, and second-hand goods. Operates an online auction marketplace for a wide range of second-hand products across multiple categories. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Palo Alto, United States
- Employees 9
- Founders Chris Estreich, Ashvin Kumar
- SectorsRetail
- Website tophatter.com
- Social X Facebook
- Legal Name Tophatter Software India Private Limited
- Date of Incorporation 22 Nov, 2019
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹5.25 Cr
FY 2022 · +68% YoY
- Indian entity net profit₹55.8 Lakh
FY 2022 · 11% margin
- Indian entity EBITDA₹78.6 Lakh
FY 2022 · 15% margin
- Total Equity Funding$21M (USD)
in 2 rounds
- Latest Funding Round$21M (USD), Series B
May 2017
- InvestorsGoodwater Capital
& 2 more
- Employee Count9
Associated legal entities of Tophatter
Tophatter operates through Tophatter Software India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tophatter Software India Private Limited CIN U72900KA2019FTC129934 | Active | 22 Nov 2019 | Bangalore, Karnataka | ₹5.3 Cr | 9 | 3 | View details |
Funding Insights of Tophatter
Tophatter has successfully raised a total of $21M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $21 million completed in May 2017. 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 $21M
- Total Rounds 2
- Last Round Series B — $21M
- Investors Count 3
All 2 funding rounds of Tophatter with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2017 | $21M | Series B | – | – | |
| Feb 2015 | Series A | – | – | – |
3 investors in total: 3 institutional.
Investors in Tophatter
Tophatter has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Goodwater Capital, August Capital and CRV.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in consumer tech sectors are managed by Goodwater Capital. | goodwatercap.com | Burlingame, United States | ||
Venture capital is invested personally in fewer enterprises, with support provided for building game-changing businesses. | augustcap.com | |||
CRV is recognized as a venture capital firm investing in technology startups. | crv.com | Palo Alto, United States |
Investor details for Tophatter
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Board of directors of Tophatter Software India Private Limited (Tophatter)
Tophatter Software India Private Limited is the primary company behind Tophatter. The board of Tophatter Software India Private Limited currently have 3 directors; the longest-serving is Malcolm Ian Dunne, appointed in 2019. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Malcolm Ian Dunne DIN 08619273 | Director | 22 Nov 2019 | 6 yrs 11 mo | Tophatter Software India Private Limited |
| Jugnu Sharma DIN 03523917 | Additional Director | 10 Apr 2023 | 3 yrs 6 mo | Tophatter Software India Private Limited |
| Kailash Chand Sharma DIN 08185285 | Additional Director | 10 Apr 2023 | 3 yrs 6 mo | Tophatter Software India Private Limited |
People of Tophatter
2 people are tracked at Tophatter (2 in leadership); the tracked headcount is 9.
| Name | Role | Group |
|---|---|---|
Chris Estreich | Co-Founder, CTO | Leadership |
Ashvin Kumar | Co-Founder, CEO | Leadership |
Complete people profiles for Tophatter
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Financials of Tophatter
Figures of Tophatter Software India Private Limited, the primary company behind Tophatter, for FY 2022. Revenue was ₹5.25 Cr (+68% year on year). Net profit was ₹55.8 Lakh (11% margin). EBITDA was ₹78.6 Lakh (15% margin).
- ₹5.25 CrRevenue · FY 2022 · +68% YoY
- ₹55.8 LakhNet profit · 11% margin
- ₹78.6 LakhEBITDA · 15% margin
- ₹1 LakhPaid-up capital
- 9Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Tophatter Software India Private Limited are on its company page.
Detailed financial statements for Tophatter
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Tophatter
3 dated milestones of Tophatter across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Tophatter is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $21.0M.
Competitors of Tophatter
Tophatter has 3 listed competitors in our database, 2 of them funded. They include HiBid Auctions, Listia and EBTH.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hibid.com | 2001 | Lincoln, United States | Provides an internet-based bidding solution for high-value items auctions. | |||
| listia.com | 2009 | Mountain View, United States | $11.17M | 3 | Second-hand items are auctioned peer-to-peer through a mobile app. | |
| ebth.com | 2006 | Blue Ash, United States | $103.26M | 345 | Multi-category items from estates and collections are auctioned online. |
Detailed competitors of Tophatter
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Web traffic of Tophatter
The website of Tophatter (tophatter.com) receives about 680.7K visits a month.
- Monthly visits680.7K
▼ 6.7% vs previous month
Websites whose visitors overlap most with Tophatter. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| falconebiz.com | 100% | 959.8K | #63,970 | View details | |
| tofler.in | 97% | 556K | #105,509 | View details | |
| zaubacorp.com | 96% | 4.9M | #12,689 | View details | |
| tracxn.com | 92% | 2.9M | #16,597 | View details | |
| indiafilings.com | 90% | 2.1M | #29,959 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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Related news about Tophatter
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Frequently Asked Questions about Tophatter
Tophatter was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Tophatter is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Ashvin Kumar is the CEO of Tophatter, as recorded in our data. They have also founded this company.
Tophatter is a funded company, having raised a total of $21M across 2 funding rounds to date.
Tophatter has 9 employees.
The primary company behind Tophatter, Tophatter Software India Private Limited, reported revenue of ₹5.25 Cr for FY 2022, up 68% year on year.
Tophatter operates with a B2C model, focusing on operating online marketplaces, online marketplaces, auction platforms, and second-hand goods. Operates an online auction marketplace for a wide range of second-hand products across multiple categories. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Tophatter's top competitors include EBTH, Listia and HiBid Auctions.
Tophatter has 3 investors. Key investors include Goodwater Capital, August Capital, and CRV.
Tophatter operates through Tophatter Software India Private Limited.
The legal entities of Tophatter currently have 3 directors, including Malcolm Ian Dunne, Jugnu Sharma, Kailash Chand Sharma.
The website of Tophatter receives about 681 thousand visits a month.