About Voonik
Voonik is a company based in Bengaluru (India) founded in 2013.. Voonik has raised $54.64 million across 10 funding rounds from investors including Times Internet, Peak XV Partners and Beenos. The company has 117 employees as of April 04, 2024. Voonik has completed 6 acquisitions, including Dekkoh, GetSty and Picksilk. Voonik offers products and services including Technology Platform, Logistics Solutions, and Financing Services. Voonik operates in a competitive market with competitors including WearWell, Stylenook, IStyleYou and Sartorial Rascal, among others.
- Headquarter Bengaluru, India
- Employees 117 as on 04 Apr, 2024
- 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 Voonik Technologies Private Limited
- Date of Incorporation 19 Mar, 2013
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$2.72 M (USD)29.07as on Mar 31, 2022
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Net Profit
$366.69 K (USD)375.84as on Mar 31, 2022
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EBITDA
$416.9 K (USD)82.54as on Mar 31, 2022
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Total Equity Funding
$54.64 M (USD)
in 10 rounds
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Latest Funding Round
$2.02 M (USD), Series B
Jan 23, 2019
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Investors
Times Internet
& 21 more
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Employee Count
117
as on Apr 04, 2024
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Investments & Acquisitions
Dekkoh
& 5 more
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Products & Services of Voonik
Voonik offers a comprehensive portfolio of products and services, including Technology Platform, Logistics Solutions, and Financing Services. 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.
Platform providing enhanced technology for business operations
Services for logistics and delivery to support businesses
Solutions offering financing options for business growth
Funding Insights of Voonik
Voonik has successfully raised a total of $54.64M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $2.02 million completed in January 2019. 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 10
- Last Round Series B — $2.0M
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First Round
First Round
(14 Feb 2014)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series B - Voonik | Valuation | Sequoia Capital | |
| Jan, 2018 | Amount | Series B - Voonik | Valuation | Peak XV Partners , Sequoia Capital | |
| Feb, 2017 | Amount | Series B - Voonik | Valuation | Peak XV 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 Voonik
Voonik has secured backing from 22 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Times Internet, Peak XV Partners and Beenos. 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 firm investing in startups and providing support programs.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage venture capital funding and support for Indian startups.
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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 Voonik
Voonik has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Dekkoh, GetSty and Picksilk. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile-based personal stylist app for women
|
2016 | ||||
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Men's clothing is handpicked by stylists after style surveys.
|
2015 | ||||
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Online private label saree brand
|
2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Voonik
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Voonik Comparisons
Competitors of Voonik
Voonik 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 WearWell, Stylenook, IStyleYou and Sartorial Rascal, 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 |
Personalized fashion shopping from socially conscious brands is offered.
|
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| domain | founded_year | HQ Location |
Online personal styling and shopping service for working women
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| domain | founded_year | HQ Location |
Personal styling advice is delivered via chat with freelance stylists.
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| domain | founded_year | HQ Location |
Provides an online personal styling service to help users select fashion items.
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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 Voonik
Frequently Asked Questions about Voonik
When was Voonik founded?
Voonik was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Voonik located?
Voonik is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Voonik a funded company?
Voonik is a funded company, having raised a total of $54.64M across 10 funding rounds to date. The company's 1st funding round was a Series B of $7.31M, raised on Feb 14, 2014.
How many employees does Voonik have?
As of Apr 04, 2024, the latest employee count at Voonik is 117.
What is the annual revenue of Voonik?
Annual revenue of Voonik is $2.72M as on Mar 31, 2022.
What does Voonik do?
Voonik was founded in 2013 in Bengaluru, India, as a provider of integrated technology, logistics, and financing solutions for businesses. Operations focus on enhancing technology infrastructure, optimizing logistics networks, and facilitating access to financial resources. Services are designed to support operational efficiency and business expansion within the enterprise support sector. The company operates primarily in India, addressing needs of various business scales through these combined offerings.
Who are the top competitors of Voonik?
What products or services does Voonik offer?
Voonik offers Technology Platform, Logistics Solutions, and Financing Services.
How many acquisitions has Voonik made?
Who are Voonik's investors?
Voonik has 22 investors. Key investors include Times Internet, Peak XV Partners, Beenos, InnoVen Capital, and Seedfund.
What is Voonik's valuation?
The valuation of Voonik is $754.81M as of Jan 2019.