About Wheelstreet
Wheelstreet is a company based in Bengaluru (India) founded in 2014.. Wheelstreet has raised $645.72 thousand across 3 funding rounds from investors including Broadbean Capital, Y Combinator and Navin Ranka. Wheelstreet operates in a competitive market with competitors including Royal Brothers, Tazzo, Rentrip, Wheelify and Bike4Rent, among others.
- Headquarter Bengaluru, India
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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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 Bashar Technologies Private Limited
- Date of Incorporation 03 Nov, 2014
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$13.08 K (USD)50133.86as on Mar 31, 2016
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Net Profit
$-200.45 K (USD)-4987.11as on Mar 31, 2016
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EBITDA
$-197.27 K (USD)-3625.21as on Mar 31, 2016
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Total Equity Funding
$645.72 K (USD)
in 3 rounds
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Latest Funding Round
$120 K (USD), Seed
Sep 14, 2017
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Investors
Broadbean Capital
& 4 more
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Employee Count
Employee Count
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Funding Insights of Wheelstreet
Wheelstreet has successfully raised a total of $645.72K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $120 thousand completed in September 2017. 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 — $120,000
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First Round
First Round
(31 Mar 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Seed - Wheelstreet | Valuation | Y Combinator |
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| Dec, 2015 | Amount | Seed - Wheelstreet | Valuation | Broadbean Capital |
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| Mar, 2015 | Amount | Angel Round - Wheelstreet | Valuation | Navin Ranka |
| 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 Wheelstreet
Wheelstreet has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Broadbean Capital, Y Combinator and Navin Ranka. 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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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Early-stage venture capital funding and support for startups in India.
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Founded Year | Domain | Location | |
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NR
Navin Ranka |
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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 Wheelstreet
| 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 - Wheelstreet
| 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 |
Wheelstreet Comparisons
Competitors of Wheelstreet
Wheelstreet 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 Royal Brothers, Tazzo, Rentrip, Wheelify and Bike4Rent, 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 bike rental services
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| domain | founded_year | HQ Location |
Provides online on-demand motorbike rental services for convenient urban mobility.
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| domain | founded_year | HQ Location |
Offers self-drive rentals for bikes, cars, and bicycles in various Indian cities.
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| domain | founded_year | HQ Location |
Serves as an online aggregator for convenient bike rental services.
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| domain | founded_year | HQ Location |
Provides affordable motorbike rentals for IT professionals in Hyderabad with customizable plans.
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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 Wheelstreet
Frequently Asked Questions about Wheelstreet
When was Wheelstreet founded?
Wheelstreet was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Wheelstreet located?
Wheelstreet is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Wheelstreet a funded company?
Wheelstreet is a funded company, having raised a total of $645.72K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $15.95K, raised on Mar 31, 2015.
What is the annual revenue of Wheelstreet?
Annual revenue of Wheelstreet is $13.08K as on Mar 31, 2016.
What does Wheelstreet do?
Wheelstreet was founded in 2014 in Bengaluru, India, within the transportation and rental sector. Motorbikes are aggregated by the platform to connect users with rental options. Dedicated agents are assigned to manage customer interactions, facilitating service delivery and deal negotiations. Operations focus on streamlining access to motorbike rentals across urban areas in India.
Who are the top competitors of Wheelstreet?
Wheelstreet's top competitors include Royal Brothers, Tazzo and Rentrip.
Who are Wheelstreet's investors?
Wheelstreet has 5 investors. Key investors include Broadbean Capital, Y Combinator, Navin Ranka, Ankur Jain, and Chetan Bohra.
What is Wheelstreet's valuation?
The valuation of Wheelstreet is $3M as of Dec 2015.