Lifto - About the company
Lifto is a deadpooled company based in Mumbai (India), founded in 2015 by Nikhil Agarwal and Priyanka Agrawal. It operates as a Mobile application for ride sharing. Lifto has raised $130K in funding from Okler, with last known valuation of ₹*****. The company has 310 active competitors, including 22 funded and 5 that have exited. Its top competitors include companies like Uber, Blu-Smart and Ola.
Company Details
LiftO is a smartphone application for ride sharing based on dynamic ride sharing & route-matching algorithm. Would allow pooling autos and cabs (Ola, Uber, etc) also. Ensures security of both parties by requiring the LinkedIn account with a minimum connection of 100. Founders IIM-B, IIT-D, BITS Pilani. Raised $130K angel round of funding from Rajesh Bhatia, promoter of Tree House, Dheeraj Mehta, a fund manager with Temasek, Amith Aggarwal, the promoter of Staragri Warehousing, and the Gupta family of OM Logistics.
- Website
- lifto.in
- Social
- Registered Address
- HOUSE NO 286, ARYA NAGAR DURG, CHHATTISGARH, Raipur, CHHATTISGARH, Chattisgarh, India, 491001
Key Metrics
Founded Year
2015
Location
Mumbai, India
Stage
Deadpooled
Total Funding
$130K in 1 round
Latest Funding Round
Last Known Valuation
₹***** as on Nov 16, 2015
Ranked
210th among 310 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2016
Employee Count
5 as on Apr 30, 2026
Legal entities associated with Lifto
Lifto is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
TEILEN INFOSERVICES PRIVATE LIMITED CIN: U72200CT2015PTC001726 , India, Strike off | Apr 21, 2015 | 0 - ₹10 Cr (As on Mar 31, 2016) | - |
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Lifto's funding and investors
Lifto has raised a total funding of $130K over 1 round. Its latest funding round was a Seed round on Oct 30, 2015 for $*****. 16 investors participated in its latest round. Lifto has 1 institutional investor and 16 angel investors.
Here is the list of recent funding rounds of Lifto:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 30, 2015 | 6899815 | Seed | 3721769 | 7482712 | 7723645 | 1180196 |
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Lifto's founders and board of directors
Founder? Claim ProfileThe founders of Lifto are Nikhil Agarwal and Priyanka Agrawal.
Here are the details of Lifto's key team members:
- Nikhil Agarwal: Co-Founder of Lifto. They are also an angel investor in 3 startups and serve on the board of 1 company.
- Priyanka Agrawal: Co-Founder of Lifto and founder of 2 other companies, Shelfradar and Fractal Ink design. They serve on the board of 1 company.
Lifto's Board of Directors
Lifto's board has 4 active members. Nikhil Agarwal, Priyanka Agrawal and Vikesh Agrawal are part of team and Nandhakumar Sundararaj is independent board member.Here is the list of Lifto's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 2m | |
Team | - | Current | 11y 2m | |
fkteesc | Team | - | Past | 2y 2m |
avxfhig | Independent board member | - | Past | 2y 6m |
View details of Lifto's Founder profiles and Board Members
Lifto's employee count trend
Lifto has 5 employees as of Apr 26. Here is Lifto's employee count trend over the years:
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Lifto's Competitors and alternates
Top competitors of Lifto include Uber, Blu-Smart and Ola. Here is the list of Top 10 competitors of Lifto, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Uber 2009, San Francisco (United States), Public | Network providing on-demand transportation, delivery, and business management solutions | $13.2B | 89/100 | |
2nd | Platform offering electric vehicle fleet undergoing corporate insolvency resolution process | $159M | 83/100 | ||
3rd | Operator of a network providing on-demand transportation and mobility solutions | $3.84B | 73/100 | ||
4th | Snap-E Cabs 2022, Kolkata (India), Seed | Operator of electric vehicle transportation services providing ride bookings via application | $5M | 68/100 | |
5th | App-based platform offering ride-hailing services | $135M | 64/100 | ||
6th | TaxiForSure 2011, Bengaluru (India), Acquired | Car rental aggregator | $45.2M | 63/100 | |
7th | Provider of vehicle transfer and tech enabled solutions | - | - | 59/100 | |
8th |  Evera Cabs 2019, Delhi (India), Seed | Provider of an application for booking electric vehicle transportation services | $14M | 58/100 | |
9th | Operator of a technology platform providing all-electric vehicle cab booking services | $6.27M | 58/100 | ||
10th | App-based platform offering ride-hailing services | - | 53/100 | ||
210th | Mobile application for ride sharing | $130K | 21/100 |
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Lifto's Latest cap tables and shareholding
Founders (largest shareholder) own 79.30%, Enterprises own 6.01% and Angels own 14.67%. The net worth of Lifto's founders is INR 3.97Cr as of Nov 16, 2015.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 79.30% | 3.97Cr | 3560645 | 3158635 | 1582989 | 8613451 |
4237034 | 4229015 | 1649024 | 9898338 | 9796410 | 2080724 | |
1825129 | 7765701 | 9699837 | 7642664 | 7749118 | 3296643 | |
Enterprise | 6.01% | 30.1L | 904798 | 492791 | 111639 | 103756 |
Angel | 14.67% | 73.5L | 8241046 | 4820502 | 9924284 | 8020938 |
Total | 99.98% | 5Cr | 5314058 | 7966361 | 5931144 | 3524124 |
To unlock detailed Cap Table of Lifto Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Lifto's Shareholding
Lifto's Investments and acquisitions
Lifto has made no investments or acquisitions yet.
Reports related to Lifto
Here is the latest report on Lifto's sector:
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