About Tring
Tring is a company based in Mumbai (India) founded in 2018 by Dalbirpal Hemraj Saini, Akshay Saini, Pranav Naresh Chabhadia, and Rahul Saini.. Tring has raised $7.52 million across 3 funding rounds from investors including ALT Balaji, B&K Securities and Kalaari Capital. The company has 1 employees as of April 06, 2024. Tring offers products and services including Celebrity Endorsements, Influencer Marketing, Event Appearances, and Video Messages. Tring operates in a competitive market with competitors including HeyHey, GoNuts, Wish2Wish, Cam Celeb and Cinkal, among others.
- Headquarter Mumbai, India
- Employees 1 as on 06 Apr, 2024
- Founders Dalbirpal Hemraj Saini, Akshay Saini, Pranav Naresh Chabhadia, Rahul Saini
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name B.D. Inno Ventures Private Limited
- Date of Incorporation 03 Oct, 2018
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.25 M (USD)63.15as on Mar 31, 2023
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Net Profit
$-1.1 M (USD)18.93as on Mar 31, 2023
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EBITDA
$-1.02 M (USD)21.23as on Mar 31, 2023
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Total Equity Funding
$7.52 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Seed
Aug 12, 2022
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Investors
ALT Balaji
& 16 more
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Employee Count
1
as on Apr 06, 2024
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Products & Services of Tring
Tring offers a comprehensive portfolio of products and services, including Celebrity Endorsements, Influencer Marketing, Event Appearances, and Video Messages. 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.
Service for brands to promote via celebrity partnerships
Platform for brand promotion through influencers
Arranging celebrities for business events and gigs
Personalized celebrity videos for brand engagement
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Funding Insights of Tring
Tring has successfully raised a total of $7.52M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $5 million completed in August 2022. 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 Seed — $5.0M
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First Round
First Round
(14 May 2020)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Seed - Tring | Valuation | Kalaari Capital | |
| Oct, 2020 | Amount | Seed - Tring | Valuation | ALT Balaji |
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| May, 2020 | Amount | Seed - Tring | Valuation | Sujeet Kumar |
| 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 Tring
Tring has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include ALT Balaji, B&K Securities and Kalaari Capital. 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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Investments in early-stage technology companies are made by Kalaari Capital.
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Founded Year | Domain | Location | |
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Seed and series investments in tech startups are provided.
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Founded Year | Domain | Location | |
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Seed and early-stage investments are made across sectors in India.
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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 Tring
| 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 - Tring
| 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 |
Tring Comparisons
Competitors of Tring
Tring 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 HeyHey, GoNuts, Wish2Wish, Cam Celeb and Cinkal, 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 |
Online platform offering personalized videos from celebrities
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| domain | founded_year | HQ Location |
Online platform to get personalized video messages from celebrities
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| domain | founded_year | HQ Location |
Platform for celebrity wish videos, bookings, and business advertisements services.
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| domain | founded_year | HQ Location |
Operates a digital hub for personalized video messages from celebrities.
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| domain | founded_year | HQ Location |
Franchise-owned cloud kitchens offering diverse culinary experiences via technology.
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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 Tring
Frequently Asked Questions about Tring
When was Tring founded?
Tring was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Tring located?
Tring is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Tring?
Akshay Saini is the current CEO of Tring. They have also founded this company.
Is Tring a funded company?
Tring is a funded company, having raised a total of $7.52M across 3 funding rounds to date. The company's 1st funding round was a Seed of $479.93K, raised on May 14, 2020.
How many employees does Tring have?
As of Apr 06, 2024, the latest employee count at Tring is 1.
What is the annual revenue of Tring?
Annual revenue of Tring is $1.25M as on Mar 31, 2023.
What does Tring do?
Tring was founded in 2018 in Mumbai, India, as an online platform in the entertainment sector. Personalized video messages from celebrities, sportsmen, and influencers are facilitated for users to book. Operations focus on connecting individuals with public figures for custom content delivery, primarily through the domain tring.co.in. The company is led by co-founders including Akshay Saini as CEO.
What products or services does Tring offer?
Tring offers Celebrity Endorsements, Influencer Marketing, Event Appearances, and Video Messages.
Who are Tring's investors?
Tring has 17 investors. Key investors include ALT Balaji, B&K Securities, Kalaari Capital, REDBROOK, and Sujeet Kumar.
What is Tring's valuation?
The valuation of Tring is $10.24M as of Oct 2020.
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