About Trice Community
Trice Community is a company based in Hyderabad (India) founded in 2017 by Goutham Reddy and Naveen Kl.. Trice Community has raised $1.07 million across 1 funding round from investors including Tristha Consultancy and Advisory, The Koduri Family Trust and Bhaskar Rao Bollineni. The company has 36 employees as of April 06, 2024. Trice Community operates in a competitive market with competitors including Foodcloud, Cookr, Homefoodi, FoodyBuddy and Mealawe, among others.
- Headquarter Hyderabad, India
- Employees 36 as on 06 Apr, 2024
- Founders Goutham Reddy, Naveen Kl
- Stage Minicorn
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Trice Systems Private Limited
- Date of Incorporation 03 Feb, 2020
- Jurisdiction Seri Lingampally, Telangana, India
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Annual Revenue
$118.74 K (USD)199.42as on Mar 31, 2023
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Net Profit
$-324.01 K (USD)17.74as on Mar 31, 2023
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EBITDA
$-279.99 K (USD)19.82as on Mar 31, 2023
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Total Equity Funding
$1.07 M (USD)
in 1 rounds
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Latest Funding Round
$1.07 M (USD), Seed
Dec 28, 2021
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Investors
Tristha Consultancy and Advisory
& 2 more
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Employee Count
36
as on Apr 06, 2024
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Funding Insights of Trice Community
Trice Community has successfully raised a total of $1.07M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.07 million completed in December 2021. 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 — $1.1M
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First Round
First Round
(28 Dec 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Trice Community | Valuation | Tristha Consultancy and Advisory , The Koduri Family Trust |
| 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 Trice Community
Trice Community has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Tristha Consultancy and Advisory, The Koduri Family Trust and Bhaskar Rao Bollineni. 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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BR
Bhaskar Rao Bollineni |
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Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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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 Trice Community
| 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 - Trice Community
| 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 |
Trice Community Comparisons
Competitors of Trice Community
Trice Community 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 Foodcloud, Cookr, Homefoodi, FoodyBuddy and Mealawe, 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 |
Customers are connected to home-cooked meals via an online marketplace.
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| domain | founded_year | HQ Location |
Home-cooked meals are delivered via an app-based subscription platform.
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| domain | founded_year | HQ Location |
Provides convenient delivery of fresh, home-cooked Indian meals across multiple cities.
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| domain | founded_year | HQ Location |
Operates a mobile app-based marketplace for ordering food from home chefs.
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| domain | founded_year | HQ Location |
Home-cooked meals are discovered and ordered through an online platform.
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| domain | founded_year | HQ Location |
Online marketplace for ordering home-cooked meals from home chefs
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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 Trice Community
When was Trice Community founded?
Trice Community was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Trice Community located?
Trice Community is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Trice Community a funded company?
Trice Community is a funded company, having raised a total of $1.07M across 1 funding round to date. The company's 1st funding round was a Seed of $1.07M, raised on Dec 28, 2021.
How many employees does Trice Community have?
As of Apr 06, 2024, the latest employee count at Trice Community is 36.
What is the annual revenue of Trice Community?
Annual revenue of Trice Community is $118.74K as on Mar 31, 2023.
What does Trice Community do?
Trice Community was established in 2017 in Hyderabad, India, as an online platform in the food services sector. Home-cooked meals are sourced from local businesses and individual entrepreneurs, with orders facilitated through a mobile application available on Android and iOS. Operations center on connecting users to community-based food providers, emphasizing regional availability and straightforward delivery within the local area.
Who are the top competitors of Trice Community?
Who are Trice Community's investors?
Trice Community has 3 investors. Key investors include Tristha Consultancy and Advisory, The Koduri Family Trust, and Bhaskar Rao Bollineni.
What is Trice Community's valuation?
The valuation of Trice Community is $3.27M as of Dec 2021.