About YNew
YNew is a company based in Hyderabad (India) founded in 2013 by Amish Majithia and Dashradh Ram Nutakki. It operates as a B2C. The company has 16 employees as of March 31, 2023. YNew operates in a competitive market with competitors including Cashify, 2GUD, ReFit Global, Budli and Cashforphone, among others.
- Headquarter Hyderabad, India
- Employees 16 as on 31 Mar, 2023
- Founders Amish Majithia, Dashradh Ram Nutakki
- Stage Minicorn
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Sectors
Retail
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Phone
*********
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Website
*********
- Legal Name Sloyd Ventures Private Limited
- Date of Incorporation 01 Nov, 2012
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$17.47 M (USD)0as on Mar 31, 2023
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Net Profit
$25.25 K (USD)0as on Mar 31, 2023
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EBITDA
$124.12 K (USD)0as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
16
as on Mar 31, 2023
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Funding Insights of YNew
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2014 | Amount | Seed - YNew | Valuation | Brand Capital |
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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 YNew
YNew has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Brand Capital. 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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Investments in early-stage startups are made by Brand Capital.
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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 YNew
| 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 - YNew
| 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 |
Ynew Comparisons
Competitors of YNew
YNew 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 Cashify, 2GUD, ReFit Global, Budli and Cashforphone, 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 |
Refurbished and new gadgets are offered through an online marketplace.
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| domain | founded_year | HQ Location |
App-based platform for purchasing refurbished products.
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| domain | founded_year | HQ Location |
Refurbished consumer electronics are sold via an online platform.
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| domain | founded_year | HQ Location |
Refurbished electronics are bought and sold through a recommerce platform.
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| domain | founded_year | HQ Location |
Operates a digital hub for selling pre-owned and refurbished electronic products.
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| domain | founded_year | HQ Location |
An online store specializing in unused, unboxed, and refurbished mobile phones.
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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 YNew
When was YNew founded?
YNew was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is YNew located?
YNew is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
How many employees does YNew have?
As of Mar 31, 2023, the latest employee count at YNew is 16.
What is the annual revenue of YNew?
Annual revenue of YNew is $17.47M as on Mar 31, 2023.
What does YNew do?
YNew operates with a B2C model, focusing on operating online marketplaces, resale, electronic goods, and online platforms. Operates as an online re-commerce platform for electronic goods. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Who are YNew's investors?
YNew has 1 investor. Key investors include Brand Capital.
What is YNew's valuation?
The valuation of YNew is $3.3M as of Nov 2014.
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