About Voorent
Voorent is a company based in Gurugram (India) founded in 2016 by Shivam Saxena, Sudarshan Singh, and Prasoon Sharma.. Voorent has raised $169.16 thousand across 3 funding rounds from investors including Amity University, Core Value Technologies and Dhanu Das. Voorent operates in a competitive market with competitors including Cityfurnish, GuaRented, FreQuip, Rentity and RentMacha, among others.
- Headquarter Gurugram, India
- Founders Shivam Saxena, Sudarshan Singh, Prasoon Sharma
- Stage Minicorn
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Sectors
Consumer
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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 Voorent Private Limited
- Date of Incorporation 14 Sep, 2016
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$160.37 K (USD)147.1as on Mar 31, 2020
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Net Profit
$-15.45 K (USD)19.36as on Mar 31, 2020
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EBITDA
$3.44 K (USD)228.35as on Mar 31, 2020
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Total Equity Funding
$169.16 K (USD)
in 3 rounds
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Latest Funding Round
$33.03 K (USD), Seed
Dec 22, 2021
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Investors
Amity University
& 5 more
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Employee Count
Employee Count
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Funding Insights of Voorent
Voorent has successfully raised a total of $169.16K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $33.03 thousand 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 3
- Last Round Seed — $33,026
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First Round
First Round
(26 Aug 2018)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Voorent | Valuation | Amity University | |
| May, 2019 | Amount | Seed - Voorent | Valuation | Core Value Technologies |
|
| Aug, 2018 | Amount | Angel Round - Voorent | Valuation | Mandeep M Singh , Mohandeep Singh |
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| 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 Voorent
Voorent has secured backing from 6 investors, including institutional and angel investors. Prominent investors backing the company include Amity University, Core Value Technologies and Dhanu Das. 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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University offering UG & PG courses across medical, IT, and other streams
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Founded Year | Domain | Location | |
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Delivers advisory and engineering consulting solutions.
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Founded Year | Domain | Location | |
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DD
Dhanu Das |
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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 Voorent
| 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 |
Financial Statements - Voorent
| 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 |
Voorent Comparisons
Competitors of Voorent
Voorent 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 Cityfurnish, GuaRented, FreQuip, Rentity and RentMacha, 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 |
Multi-category home improvement products are rented via an online platform.
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| domain | founded_year | HQ Location |
Online service provider for rental products
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| domain | founded_year | HQ Location |
Home furnishings are rented online for minimum six-month terms.
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| domain | founded_year | HQ Location |
Luxury home improvement and electronics products are rented online.
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| domain | founded_year | HQ Location |
Furniture and appliances are rented online in Mumbai.
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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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Frequently Asked Questions about Voorent
When was Voorent founded?
Voorent was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Voorent located?
Voorent is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Voorent a funded company?
Voorent is a funded company, having raised a total of $169.16K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $21.47K, raised on Aug 26, 2018.
What is the annual revenue of Voorent?
Annual revenue of Voorent is $160.37K as on Mar 31, 2020.
What does Voorent do?
Voorent was established in 2016 in Gurugram, India, as an online rental platform focused on home improvement items. A range of products, including mattresses, dressing tables, sofas, wardrobes, center tables, and refrigerators, is provided for rental. Operations center on facilitating access to household goods through digital means, serving customers in the residential sector across the region.
Who are the top competitors of Voorent?
Voorent's top competitors include Cityfurnish, GuaRented and FreQuip.
Who are Voorent's investors?
Voorent has 6 investors. Key investors include Amity University, Core Value Technologies, Dhanu Das, Mandeep M Singh, and Mohandeep Singh.
What is Voorent's valuation?
The valuation of Voorent is $1.09M as of Dec 2021.