When was Elanic founded?

Elanic was founded in 2014 and raised its 1st funding round 1 year after it was founded.

Where is Elanic located?

Elanic is headquartered in Bengaluru, India. It is registered at NO.1 'HARA HOUSE', 3RD FLOOR, GUTTE ANJANEYA TEMPLE STREET, HOSUR MAIN, ROAD, Bangalore, WILSON GARDEN BENGALURU, Karnataka, India, 560027.

Which legal entities is Elanic associated with?

Elanic is associated with ELANIC SERVICES PRIVATE LIMITED.

How many employees does Elanic have?

As of Mar 01, 2026, the latest employee count at Elanic is 10 - 49.

Is Elanic a funded company?

Elanic is a funded company, having raised a total of $1.89M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 25, 2015.

How much is Elanic worth?

The last known valuation of Elanic was $***** as of Oct 04, 2017.

When was the latest funding round of Elanic?

Elanic's latest funding was a $***** Seed round on May 08, 2017, with participation from 6 investors.

What is the annual revenue of Elanic?

Annual revenue of Elanic is less than ₹10 Cr as on Mar 31, 2022

Where does Elanic rank among its competitors?

Elanic ranks 8th amongst 45 active competitors, of which 6 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Rozana, which secured $5M in Mar, 2026.

Who are the top competitors of Elanic?

Elanic's top competitors include Hesa, Rozana and Mall91. Among them, Rozana secured the most recent funding round in March, 2026.

Elanic - 2026 Company Profile, Team, Funding, Competitors & Financials

Elanic is an acqui-hired company based in Bengaluru (India), founded in 2014 by Palkush Rai Chawla, Bangalore Narahari Abhilash and Aditi Rohan. It operates as a Mobile based P2P marketplace to buy and sell fashion products. Elanic has raised $1.89M in funding from Beenos and Beenext, with last known valuation of $*****. The company has 45 active competitors, including 6 that are funded. Its top competitors include companies like Hesa, Rozana and Mall91.

Company Details

Elanic is a social peer-to-peer marketplace to buy and sell new or pre-owned fashion goods for both men and women. The application allows users to upload pictures of an item for sale. Then, once sold, it is picked up by the company and the level of damage, size, and brand authenticity is inspected before dispatching the same to the buyer. The user interface of the application is in multiple languages such as English, Hindi, Gujarati, Marathi, and Bengali. It is compatible with both Android and iOS devices.

Website: elanic.in
Social
Registered Address: NO.1 'HARA HOUSE', 3RD FLOOR, GUTTE ANJANEYA TEMPLE STREET, HOSUR MAIN, ROAD, Bangalore, WILSON GARDEN BENGALURU, Karnataka, India, 560027

Key Metrics

Founded Year

2014

Location

Bengaluru, India

Stage

Acqui-Hired

Total Funding

$1.89M in 2 rounds

Latest Funding Round

Seed, May 08, 2017, $*****

Last Known Valuation

$***** as on Oct 04, 2017

Investors

Beenos & 7 more

Ranked

8^th among 45 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2022

Employee Count

10 - 49 as on Mar 01, 2026

Similar Companies

Depop & 240 more

View Elanic's full profile

Elanic is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ELANIC SERVICES PRIVATE LIMITED CIN: U72200KA2015PTC078381 , India, Active	Jan 19, 2015	0 - ₹10 Cr (As on Mar 31, 2022)	11 (As on Aug 31, 2019)

Elanic has raised a total funding of $1.89M over 2 rounds. Its first funding round was on May 25, 2015. Its latest funding round was a Seed round on May 08, 2017 for $*****. 6 investors participated in its latest round. Elanic has 5 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Elanic:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 08, 2017	1361996	Seed	7096353	4572212	9924613	7143495
May 25, 2015	6705415	Seed	5873806	6556226	Beenext	Rebright Partners & 4 more

Access funding benchmarks and valuations. Sign up today!

View details of Elanic's funding rounds and investors

The founders of Elanic are Palkush Rai Chawla, Bangalore Narahari Abhilash and Aditi Rohan.

Here are the details of Elanic's key team members:

Palkush Rai Chawla: Former Co-Founder of Elanic. They are also an angel investor in 1 startup and serve on the board of 1 company.
Bangalore Narahari Abhilash: Former Co-Founder of Elanic. They serve on the board of 1 company.
Aditi Rohan: Former Co-Founder of Elanic.

Elanic's Board of Directors

Elanic's board has 2 active members. Palkush Rai Chawla and Bangalore Narahari Abhilash are part of team.

Here is the list of Elanic's board of directors:

Name	Type	Representing	Status	Duration
Palkush Rai Chawla	Team	-	Current	11y 5m
Bangalore Narahari Abhilash	Team	-	Current	11y 5m

View details of Elanic's Founder profiles and Board Members

Elanic's employee count trend

Elanic has 10 - 49 employees as of Mar 26. Here is Elanic's employee count trend over the years:

Uncover Elanic's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Elanic include Hesa, Rozana and Mall91. Here is the list of Top 10 competitors of Elanic, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Hesa 2019, Hyderabad (India), Seed	Platform providing rural commerce, agricultural, financial, and insurance related services	$6.76M	Venture Catalysts, Firstport Capital & 94 others	62/100
2nd	Rozana 2020, Delhi (India), Series B	Online rural e-commerce platform offering multi-category products	$59.9M	Bertelsmann India Investments, FE Securities ... & 73 others	60/100
3rd	Mall91 2018, Noida (India), Series A	Provider of vernacular social commerce solutions with live video-based shopping	$8.66M	Go Ventures, Beenext & 12 others	52/100
4th	FreeUp 2021, Bengaluru (India), Series A	Marketplace for circular commerce	$785K	Accel, Elevation Capital & 1 others	44/100
5th	Mozumbi 2020, Kollam (India), Unfunded	Operator of an e-commerce platform for essential daily needs	-	-	32/100
6th	Twirl Store 2017, Kolkata (India), Unfunded	Platform for buying and selling second-hand fashion products	-	-	32/100
7th	Hapkart 2019, Indore (India), Unfunded	Operator of an online platform connecting rural vendors with customers	-	-	32/100
8th	Elanic 2014, Bengaluru (India), Acqui-Hired	Mobile based P2P marketplace to buy and sell fashion products	$1.89M	Tracxn Labs, Rebright Partners & 6 others	31/100
9th	Onceagain 2015, Bengaluru (India), Acqui-Hired	Online market place to buy and sell pre owned fashion	-	-	29/100
10th	Vasm Lucknow (India), Unfunded	Provider of a platform enabling youth to operate virtual general stores	-	-	25/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Elanic's competitors? Click here to see the top ones

Founders (largest shareholder) own 57.40%, Funds own 37.70% and Angels own 4.89%. The net worth of Elanic's founders is INR 27.3Cr as of May 08, 2017.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	57.40%	27.3Cr	7473119	8257820	7080427	2159874
Bangalore Narahari Abhilash	3379019	5498679	3484033	4081628	2153049	7721194
Palkush Rai Chawla	9391922	7823159	7462063	2583348	9470204	5951959
Fund	37.70%	17.9Cr	6449439	8244424	1814272	8849226
Beenext	1068430	8084567	4693823	1068348	2630299	6867785
Rebright Partners	5115547	2246494	7448752	8846657	6129631	5952142
Beenos	35	93	66	27	91	54
Angel	4.89%	2.32Cr	8684	8769	4603	2769
Total	99.99%	47.5Cr	4389388	6949558	7573663	7889304