About Virgio
Virgio is a company based in Bengaluru (India) founded in 2022 by Masineti Divya and Amar Nagaram.. Virgio has raised $37.76 million across 2 funding rounds from investors including Accel, Wellfound and Naspers. The company has 44 employees as of April 08, 2024. Virgio offers products and services including Ethical Dresses, Sustainable Co-Ords, Eco Tops, Earth Friendly Trousers, and Slow Fashion Skirts. Virgio operates in a competitive market with competitors including Hersheinbox, The Summer House, Interwove, Ammarzo and Asparsh, among others.
- Headquarter Bengaluru, India
- Employees 44 as on 08 Apr, 2024
- Founders Masineti Divya, Amar Nagaram
- 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
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- Legal Name Ameyam Enterprise Private Limited
- Date of Incorporation 22 Feb, 2022
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$893.47 K (USD)0as on Mar 31, 2023
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Net Profit
$-4.9 M (USD)0as on Mar 31, 2023
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EBITDA
$-5.35 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$37.76 M (USD)
in 2 rounds
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Latest Funding Round
$10 M (USD), Series A
Dec 01, 2022
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Investors
Accel
& 35 more
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Employee Count
44
as on Apr 08, 2024
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Products & Services of Virgio
Virgio offers a comprehensive portfolio of products and services, including Ethical Dresses, Sustainable Co-Ords, Eco Tops, Earth Friendly Trousers, and Slow Fashion Skirts. 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.
Dresses made from eco-friendly fabrics for sustainable wear.
Matching tops and bottoms using organic materials for fashion.
Tops from recycled fabrics for everyday ethical clothing.
Trousers made with sustainable materials for versatile use.
Skirts from organic cotton for elegant and eco-conscious style.
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Funding Insights of Virgio
Virgio has successfully raised a total of $37.76M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in December 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 2
- Last Round Series A — $10.0M
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First Round
First Round
(06 Apr 2022)
- Investors Count 36
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - Virgio | Valuation | Prosus | |
| Apr, 2022 | Amount | Series A - Virgio | Valuation | Alpha Wave Global |
| 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 Virgio
Virgio has secured backing from 36 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Accel, Wellfound and Naspers. 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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Tech companies are invested in by this venture capital firm.
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Founded Year | Domain | Location | |
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Global investments in early and growth-stage tech firms are conducted.
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Founded Year | Domain | Location | |
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Venture capital firm focused on growth-stage companies
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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 Virgio
| 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 - Virgio
| 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 |
Virgio Comparisons
Competitors of Virgio
Virgio 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 Hersheinbox, The Summer House, Interwove, Ammarzo and Asparsh, 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 |
Runs a direct-to-consumer brand offering sustainable casual wear for women.
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| domain | founded_year | HQ Location |
Sustainable clothing and home goods are designed and retailed.
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| domain | founded_year | HQ Location |
Casual men's wear is offered online by Interwove.
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| domain | founded_year | HQ Location |
Offers luxury sleepwear, nightwear, and loungewear using natural fabrics.
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| domain | founded_year | HQ Location |
Sustainable women's workwear brand selling kurtas, dresses, and apparel 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 Virgio
Frequently Asked Questions about Virgio
When was Virgio founded?
Virgio was founded in 2022.
Where is Virgio located?
Virgio is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Virgio?
Amar Nagaram is the current CEO of Virgio. They have also founded this company.
Is Virgio a funded company?
Virgio is a funded company, having raised a total of $37.76M across 2 funding rounds to date. The company's 1st funding round was a Series A of $27.76M, raised on Apr 06, 2022.
How many employees does Virgio have?
As of Apr 08, 2024, the latest employee count at Virgio is 44.
What is the annual revenue of Virgio?
Annual revenue of Virgio is $893.47K as on Mar 31, 2023.
What does Virgio do?
Virgio was founded in 2022 in Bengaluru, India, as an internet-first brand in the apparel sector. A range of products including t-shirts, shirts, jeans, and sportswear is provided for men and women, along with footwear and womens accessories such as handbags. Operations are conducted primarily online, with a mobile app available on the Google Play Store and Apple App Store.
Who are the top competitors of Virgio?
Virgio's top competitors include Hersheinbox, Doodlage and Interwove.
What products or services does Virgio offer?
Virgio offers Ethical Dresses, Sustainable Co-Ords, Eco Tops, Earth Friendly Trousers, and Slow Fashion Skirts.
Who are Virgio's investors?
Virgio has 36 investors. Key investors include Accel, Wellfound, Naspers, Prosus, and Exceed Entertainment.
What is Virgio's valuation?
The valuation of Virgio is $158.08M as of Dec 2022.
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