About Woovly
Woovly is a company based in Bengaluru (India) founded in 2017 by Hithendra Ramachandran, Venkat Jay, and Neha Suyal.. Woovly has raised $5.35 million across 7 funding rounds from investors including Shiprocket, Xelp and Sony Innovation Fund. The company has 76 employees as of April 09, 2024. Woovly offers products and services including Woovly App, Makeup Products, and Skincare Products. Woovly operates in a competitive market with competitors including Sim Sim, Pankhuri, BulBul, ShoprTV and Live Box, among others.
- Headquarter Bengaluru, India
- Employees 76 as on 09 Apr, 2024
- Founders Hithendra Ramachandran, Venkat Jay, Neha Suyal
- Stage Minicorn
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Sectors
RetailHealthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Woovly India Private Limited
- Date of Incorporation 18 Jul, 2017
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$994.46 K (USD)36.62as on Mar 31, 2023
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Net Profit
$-1.27 M (USD)0.07as on Mar 31, 2023
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EBITDA
$-1.2 M (USD)4.17as on Mar 31, 2023
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Total Equity Funding
$5.35 M (USD)
in 7 rounds
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Latest Funding Round
$252.8 K (USD), Series A
May 24, 2024
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Investors
Shiprocket
& 96 more
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Employee Count
76
as on Apr 09, 2024
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Products & Services of Woovly
Woovly offers a comprehensive portfolio of products and services, including Woovly App, Makeup Products, and Skincare Products. 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.
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
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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 Total Funding
- Total Rounds 7
- Last Round Series A — $252,798
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First Round
First Round
(27 Aug 2019)
- Investors Count 97
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series A - Woovly | Valuation |
investors |
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| Aug, 2023 | Amount | Series A - Woovly | Valuation | Sony Innovation Fund , Real Time Accelerator Fund | |
| Sep, 2022 | Amount | Series A - Woovly | Valuation | Softnext |
| 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 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. 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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No specific information about Vinners is provided.
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Founded Year | Domain | Location | |
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Venture capital fund investing in technology and AI sectors.
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Founded Year | Domain | Location | |
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Venture capital and accelerator services are provided across multiple sectors.
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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 Woovly
| 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 - Woovly
| 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 |
Woovly Comparisons
Competitors of Woovly
Woovly 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 Sim Sim, Pankhuri, BulBul, ShoprTV and Live Box, 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 |
Short video shopping is facilitated via an app-based platform.
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| domain | founded_year | HQ Location |
Wedding style recommendations are delivered through an online conversational platform.
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| domain | founded_year | HQ Location |
Online live streaming e-commerce for multi-category products is facilitated.
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| domain | founded_year | HQ Location |
Live video shopping platform for customers
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| domain | founded_year | HQ Location |
Multi-category beauty products are offered through a video commerce app.
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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 Woovly
Frequently Asked Questions about Woovly
When was Woovly founded?
Woovly was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Woovly located?
Woovly is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Woovly?
Venkat Jay is the current CEO of Woovly. They have also founded this company.
Is Woovly a funded 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 Series A of $567.47K, raised on Aug 27, 2019.
How many employees does Woovly have?
As of Apr 09, 2024, the latest employee count at Woovly is 76.
What is the annual revenue of Woovly?
Annual revenue of Woovly is $994.46K as on Mar 31, 2023.
What does Woovly do?
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.
Who are the top competitors of Woovly?
What products or services does Woovly offer?
Woovly offers Woovly App, Makeup Products, and Skincare Products.
Who are Woovly's investors?
Woovly has 97 investors. Key investors include Shiprocket, Xelp, Sony Innovation Fund, Duane Ventures, and IVY Growth Associates.
What is Woovly's valuation?
The valuation of Woovly is $25.32M as of May 2024.
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