About Woovly
Woovly is a Retail company based in Bengaluru (India) founded in 2017 by Hithendra Ramachandran, Venkat Jay, and Neha Suyal. Makeup, skincare, and personal care products are retailed online. It operates in the Retail and Healthcare sectors. Woovly has raised $5.35 million across 7 funding rounds from investors including Shiprocket, Xelp and Sony Innovation Fund. The company has 76 employees. Woovly was last valued at $25.32 million in May 2024. Its chief executive, as recorded, is Venkat Jay. Its Indian entity Woovly India Private Limited reported revenue of ₹14.71 Cr. Woovly offers products and services including Woovly App, Makeup Products, and Skincare Products. Its focus areas include Beauty Tech, Ecommerce, Multi Category and Full Range. Its competitors include Sim Sim, Pankhuri and BulBul; 3 of its 3 listed competitors have raised funding.
Company details
Woovly was founded in 2017 and is based in Bengaluru, India. An online retail platform is maintained for makeup, skincare, and personal care items. A selection of brands is curated to address various customer requirements within the beauty and personal care sector. Navigation tools and secure payment options are included to support transactions. Product details are made available, and orders are processed for delivery.
- Headquarters Bengaluru, India
- Employees 76
- Founders Hithendra Ramachandran, Venkat Jay, Neha Suyal
- Stage Minicorn
- SectorsRetailHealthcare
- Email••••••••
- Phone•••• ••••
- Website woovly.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Woovly India Private Limited
- Date of Incorporation 18 Jul, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹14.71 Cr
FY 2024 · +78% YoY
- Net Loss-₹11.93 Cr
FY 2024 · -81% margin
- EBITDA-₹11.68 Cr
FY 2024 · -79% margin
- Total Equity Funding$5.35M (USD)
in 7 rounds
- Latest Funding Round$252.8K (USD), Series A
May 2024
- InvestorsShiprocket
& 96 more
- Employee Count76
Associated legal entities of Woovly
Woovly operates through Woovly India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Woovly India Private Limited CIN U74999KA2017PTC104778 | Active | 18 Jul 2017 | Bangalore, Karnataka | ₹14.7 Cr | 76 | 3 | View details |
Products & Services of Woovly
Woovly offers a comprehensive portfolio of products and services, including Woovly App, Makeup Products, and Skincare Products.
Mobile app for purchasing beauty and personal care items
Range of makeup items available for online shopping
Selection of skincare essentials sold through the platform
Apps and channels of Woovly
its YouTube channel Woovly has 768 subscribers and 30 videos.
Videos from Woovly
The most watched videos on Woovly's YouTube channel, Woovly (768 subscribers). Click a video to play it here.
More on Woovly.
Funding Insights of Woovly
Woovly has successfully raised a total of $5.35M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $252.8 thousand completed in May 2024. 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 $5.35M
- Total Rounds 7
- Last Round Series A — $252,798
- First Round $350,000
(Aug 2019)
- Investors Count 97
All 7 funding rounds of Woovly with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | $252,798 | Series A | $25.32M | – | |
| Aug 2023 | $914,930 | Series A | $21.04M | Sony Innovation Fund, Real Time Accelerator Fund | |
| Sep 2022 | $567,469 | Series A | $••••• | Softnext | |
| Apr 2022 | $499,872 | Series A | $••••• | Shiprocket | |
| May 2021 | $264,306 | Angel Round | $••••• | Alok Sethi, Alok Sethi | |
| Oct 2019 | $2.5M | Seed | – | Xelpmoc, Duane Park | |
| Aug 2019 | $350,000 | Seed | – | Orbit Startups | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2024 | $25.32M | •••••••• |
| Aug 2023 | $21.04M | •••••••• |
| Sep 2022 | $••••• | •••••••• |
| Apr 2022 | $••••• | •••••••• |
| May 2021 | $••••• | •••••••• |
Full valuation and stage history of Woovly
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $25.32M (May 2024). 97 investors in total: 15 institutional and 82 angel.
Investors in Woovly
Woovly has secured backing from 97 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Shiprocket, Xelp and Sony Innovation Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
No specific information about Vinners is provided. | vinners.net | |||
Venture capital fund investing in technology and AI sectors. | 2016 | sonyinnovationfund.com | Tokyo, Japan | |
Venture capital and accelerator services are provided across multiple sectors. | sosv.com | Cork, Ireland | ||
Angel investing and mentorship for early-stage startups in India. | 2022 | realtimeaf.com | Jaipur, India | |
Angel network facilitating startup investments and investor connections in technology and sustainability sectors. | 2021 | ivygrowth.co.in | Surat, India | |
Investments are made in early and growth stage tech startups. | anthillventures.com | Hyderabad, India | ||
Duane Ventures is engaged in startup investment activities. | 2016 | duaneventures.com | Delhi, India | |
Healthcare startups are accelerated and incubated through focused programs. | sanaraventures.com | |||
Startups are incubated across sectors without restrictions. | orbitstartups.com | Shanghai, China | ||
Operates as a life insurance provider and pension fund, offering financial security solutions. | 2021 | ninespar.com | Surat, India |
Investor details for Woovly
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Woovly India Private Limited (Woovly)
Woovly India Private Limited is the primary company behind Woovly. The board of Woovly India Private Limited currently have 3 directors; the longest-serving is Neha Suyal, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Neha Suyal DIN 07790955 | Director | 18 Jul 2017 | 9 yrs 3 mo | Woovly India Private Limited |
| Venkatesan Jayaraman DIN 07791588 | Director | 18 Jul 2017 | 9 yrs 3 mo | Woovly India Private Limited |
| Hithendra Karadathodi Ramachandran DIN 01773455 | Director | 18 Jul 2017 | 9 yrs 3 mo | Woovly India Private Limited |
People of Woovly
15 people are tracked at Woovly (7 in leadership, 8 in team); the tracked headcount is 76.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director | Leadership | |
Venkat Jay | Co-Founder & CEO | Leadership |
| Co-Founder & CTO | Leadership | |
Venkat J | Co-Founder & CEO | Leadership |
Yash Arora | Head Of Engineering | Leadership |
Mainul Ahammad | Head Of Product Design | Leadership |
Muzahirul Islam | Network Head | Leadership |
Arijit Sen | Growth Hacker | Team |
Nitin Singh | Software Developer | Team |
Gaurav Sankrit | Senior Sourcing Manager | Team |
Megha Singhi | Content Specialist | Team |
Muthu Mathiyazhagan | Software Engineer - Backend | Team |
Shubham R. | SEO Specialist | Team |
Fathima Musthafa | Content Writer | Team |
Vaishnavi Venkatesh | Digital Marketing | Team |
Complete people profiles for Woovly
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Woovly
Figures of Woovly India Private Limited, the primary company behind Woovly, for FY 2024. Revenue was ₹14.71 Cr (+78% year on year). Net loss was -₹11.93 Cr (-81% margin). EBITDA was -₹11.68 Cr (-79% margin). Revenue has grown at a compounded annual rate of +257% over three years.
- ₹14.71 CrRevenue · FY 2024 · +78% YoY
- -₹11.93 CrNet loss · -81% margin
- -₹11.68 CrEBITDA · -79% margin
- ₹2.8 LakhPaid-up capital
- 76Employees (provident fund records)
- +257%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Woovly India Private Limited are on its company page.
Detailed financial statements for Woovly
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Woovly
4 dated milestones of Woovly across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Woovly is founded.
- Funding First funding round of $350K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $253K.
Competitors of Woovly
Woovly has 3 listed competitors in our database, 3 of them funded. They include Sim Sim, Pankhuri and BulBul.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| simsim.in | 2018 | Delhi, India | $17.62M | Short video shopping is facilitated via an app-based platform. | ||
| pankhuri.co | 2018 | Jhansi, India | $3.81M | 5 | Wedding style recommendations are delivered through an online conversational platform. | |
| bulbul.tv | 2018 | Gurugram, India | $25.46M | 1 | Online live streaming e-commerce for multi-category products is facilitated. |
Detailed competitors of Woovly
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Woovly
Websites that share an audience with Woovly (woovly.com).
Websites whose visitors overlap most with Woovly. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| couponit.com | 100% | #6,503,418 | View details | ||
| kaiva.in | 33% | 10K | #1,556,941 | View details | |
giovanni.co.in | giovanni.co.in | 33% | #5,887,602 | – | |
| barcodeprofessional.in | 32% | 680.7K | #5,482,493 | View details | |
careberry.in | careberry.in | 32% | #7,903,346 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Woovly
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Subscription & Video Commerce
2 companies that operate in the same segment as Woovly (Subscription & Video Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Social commerce platform for users to discover and share recommendations | 2016 | Bengaluru, Karnataka, India | USD 65.91 M | USD 693.59 K | 15 | |
Platform for connecting creators with brands for content monetization | 2022 | Gurugram, Haryana, India | USD 27.56 M | USD 1.5 M | 136 |
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Related news about Woovly
Complete news archive for Woovly
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Frequently Asked Questions about Woovly
Woovly was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Woovly is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Venkat Jay is the CEO of Woovly, as recorded in our data. They have also founded this company.
Woovly is a funded company, having raised a total of $5.35M across 7 funding rounds to date. The company's 1st funding round was a Seed of $350K, raised on Aug 2019.
Woovly has 76 employees.
The primary company behind Woovly, Woovly India Private Limited, reported revenue of ₹14.71 Cr for FY 2024, up 78% year on year.
Woovly was founded in 2017 and is based in Bengaluru, India. An online retail platform is maintained for makeup, skincare, and personal care items. A selection of brands is curated to address various customer requirements within the beauty and personal care sector. Navigation tools and secure payment options are included to support transactions. Product details are made available, and orders are processed for delivery.
Woovly offers Woovly App, Makeup Products, and Skincare Products.
Woovly has 97 investors. Key investors include Shiprocket, Xelp, Sony Innovation Fund, Duane Ventures, and IVY Growth Associates.
The valuation of Woovly is $25.32M as of May 2024.
Woovly operates through Woovly India Private Limited.