About Freeup Technologies Private Limited
Data last updated:
Freeup Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 10 June 2016.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC094027. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹11 Lakh and a paid-up capital of ₹1.23 Lakh. It was formerly known as Serendipity Foods Private Limited. It is led by directors Laxmee Pant and Goyal Nareshkumar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at A002 Ground Floor Paranjape Wind Fields Yemalur Road Near Divyasree Tech Park, Bangalore, Karnataka.
The company is associated with 1 brand: FreeUp. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹13.16 Cr; the latest was in December 2020. Its 4 peer companies in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (retail trading) are compared by revenue, 2 larger and 2 smaller; the largest is Social Buy Online Retail Private Limited with revenue of ₹7,000.
The last known website on record is freeup.app.
Company details
Contact details
Freeup Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is freeup.app. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA002 Ground Floor Paranjape Wind Fields Yemalur Road Near Divyasree Tech Park Kempapur, A, Bangalore, Karnataka, India – 560037
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of Freeup Technologies Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Freeup Technologies operates one associated brand: FreeUp. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-category second-hand products are offered via an app-based marketplace. | freeup.app |
Business activity
The main business activity of Freeup Technologies is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
Financials of Freeup Technologies Private Limited
FY 2024 filings availableFreeup Technologies Private Limited reported revenue of ₹6,286 (down 100% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 50% over five years. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Freeup Technologies Private Limited, buy the company report.
Board of directors of Freeup Technologies Private Limited
Freeup Technologies has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Laxmee Pant Also directs: Spousespark Ventures LLP | Director | 15 Mar 2021 | 5 Years 7 Months | Current |
| Goyal Nareshkumar | Director | 31 Jul 2023 | 3 Years 3 Months | Current |
Peer comparison
Freeup Technologies Private Limited is compared with the 4 companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Social Buy Online Retail Private Limited | ₹7,000 (FY 2018) | Mumbai, Maharashtra, India | ||||
| Krishita Marketing Private Limited | ₹6,845 (FY 2025) | -99.0% | Rajkot, Gujarat, India | |||
| Freeup Technologies Private Limitedthis company | ₹6,286 (FY 2024) | -100.0% | Bangalore, Karnataka, India | |||
| Redream Marketing Private Limited | ₹6,228 (FY 2025) | 11.0% | Bhavnagar, Gujarat, India | |||
| Gujju Store Private Limited | ₹6,158 (FY 2024) | Surat, Gujarat, India |
To see the full peer comparison of Freeup Technologies Private Limited, buy the company report.
Auditor
Freeup Technologies Private Limited is audited by KRPR & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRPR & Associates | FY 2023 | 133672W |
Shareholding
The shareholding of Freeup Technologies Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of Freeup Technologies Private Limited, buy the company report.
Deals & funding
Freeup Technologies Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹13.16 Cr; the latest was in December 2020.
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
To see the full deal history of Freeup Technologies Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Freeup Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Freeup Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Freeup Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Freeup Technologies Private Limited, buy the company report.
Recent activity
Freeup Technologies Private Limited has 8 board changes on record since 2017: 2 appointments and 6 cessations. The latest: Goyal Nareshkumar ceased to be Additional Director on 28 Sep 2023.
Frequently asked questions
Freeup Technologies is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.
Freeup Technologies is a company pending strike off, currently registered as a private limited company based in Bangalore, Karnataka, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 10 June 2016 and is registered under CIN U74999KA2016PTC094027. The company may be struck off soon - caution is advised.
The compliance status of Freeup Technologies is compliant as of 09 September 2026.
Freeup Technologies has 2 current directors:
- Laxmee Pant - Director
- Goyal Nareshkumar - Director
The CIN (Corporate Identification Number) of Freeup Technologies is U74999KA2016PTC094027. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Freeup Technologies was incorporated on 10 June 2016. It is registered with the Registrar of Companies, Bangalore.
Freeup Technologies can be reached through the website freeup.app. Its registered office is in Bangalore, Karnataka, India.
The registered office of Freeup Technologies is at A002 Ground Floor Paranjape Wind Fields Yemalur Road Near Divyasree Tech Park Kempapur, A, Bangalore, Karnataka, India – 560037.
The latest financial statements of Freeup Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
No. Freeup Technologies has 1 GST registration on record and it is cancelled or inactive.
Freeup Technologies operates in the e-commerce industry, in the general e-commerce platforms segment.
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