About Townrush
Townrush is a company based in Bengaluru (India) founded in 2015 was acquired by Blinkit in October 2015.. Townrush has raised $638.57 thousand across 1 funding round from investors including Blinkit, Lightspeed Venture Partners and Kashyap Deorah. Townrush operates in a competitive market with competitors including Pikndel, VDeliver, Opinio, ADLOGGS and Runnr, among others.
- Headquarter Bengaluru, India
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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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 Whitekoala Technology Private Limited
- Date of Incorporation 22 Jun, 2015
- Jurisdiction Bangalore, Karnataka, India
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Funding Insights of Townrush
Townrush has successfully raised a total of $638.57K through 1 strategic funding round. The most recent funding activity was a Seed round of $638.57 thousand completed in July 2015. 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 — $638,571
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First Round
First Round
(27 Jul 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2015 | Amount | Seed - Townrush | Valuation | Lightspeed Venture 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 Townrush
Townrush has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Blinkit, Lightspeed Venture Partners and Kashyap Deorah. 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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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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KD
Kashyap Deorah |
Serial entrepreneur, angel investor, and author focused on tech startups.
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Founded Year | Domain | Location |
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RA
R A Venkitachalam |
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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 Townrush
| 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 - Townrush
| 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 |
Townrush Comparisons
Competitors of Townrush
Townrush 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 Pikndel, VDeliver, Opinio, ADLOGGS and Runnr, 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 |
Shared dark store and delivery solutions are provided for e-commerce.
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| domain | founded_year | HQ Location |
Hyperlocal on-demand delivery services are facilitated via web platform.
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| domain | founded_year | HQ Location |
Tech-enabled last-mile delivery for food, groceries, and medicines is provided.
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| domain | founded_year | HQ Location |
Hyper-local delivery management platform is provided for logistics operations.
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| domain | founded_year | HQ Location |
On-demand food delivery is facilitated from nearby restaurants by Runnr.
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| domain | founded_year | HQ Location |
Hyperlocal delivery services are provided for businesses in Delhi NCR.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Townrush
When was Townrush founded?
Townrush was founded in 2015.
Where is Townrush located?
Townrush is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Townrush a funded company?
Townrush is a funded company, having raised a total of $638.57K across 1 funding round to date. The company's 1st funding round was a Seed of $638.57K, raised on Jul 27, 2015.
What does Townrush do?
Provides on-demand fleet of delivery boys for hyperlocal delivery. Provides tech for shipment creation and offer tracking. Team IIT-GN, IIT-KGP, IIT-K, BITS -Pilani, IIIT-H Alumni. Previously worked at Facebook, Google, Flipkart, Fab and Samsung. Reportedly shut shop, failing to pay salaries to delivery boys. Acquired by Grofers in Oct 2015.
Who are the top competitors of Townrush?
Who are Townrush's investors?
Townrush has 9 investors. Key investors include Blinkit, Lightspeed Venture Partners, Kashyap Deorah, R A Venkitachalam, and Anant Gupta.
What is Townrush's valuation?
The valuation of Townrush is $2.66M as of Jul 2015.
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