When was Ninety One founded?

Ninety One was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is Ninety One located?

Ninety One is headquartered in Ahmedabad, India. It is registered at 101-108, 10th Floor, City Centre Swastik Cross Road, C.G Road, Navrangpur, a, Ahmedabad, Ahmedabad, Gujarat, India, 380009.

Who is the current CEO of Ninety One?

Sachin Chopra of Ninety One. They have also founded 2 companies.

Which legal entities is Ninety One associated with?

Ninety One is associated with Alphavector (india)private Limited.

How many employees does Ninety One have?

As of May 31, 2026, Ninety One has 113 employees, reflecting a 1% year-over-year decline in headcount.

Is Ninety One a funded company?

Ninety One is a funded company, having raised a total of $43M across 9 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 12, 2015.

How much is Ninety One worth?

The latest valuation of Ninety One is ₹***** as of Jul 18, 2026. This marks a decline of 14% from its peak valuation of ₹1,000Cr in Jan, 2015. This marks a decline of 14% from its peak valuation of ₹1,000Cr in Jan, 2015.

When was the latest funding round of Ninety One?

Ninety One's latest funding was a $***** Series A round on Feb 13, 2026, with participation from 5 investors. Its primary sector is Bicycle Manufacturers. Globally, the Bicycle Manufacturers sector has seen $3.23M in funding in 2026 to date.

What is the annual revenue of Ninety One?

Annual revenue of Ninety One is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Ninety One rank among its competitors?

Ninety One ranks 14th amongst 556 active competitors, of which 59 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Simple Energy, which secured $180M in Sep, 2026.

Who are the top competitors of Ninety One?

Ninety One's top competitors include Ather Energy, Gogoro and Ultraviolette. Among them, Simple Energy secured the most recent funding round in September, 2026.

Ninety One - 2026 Company Profile, Team, Funding, Competitors & Financials

Ninety One is a series A company based in Ahmedabad (India), founded in 2015 by Vishal Chopra and Sachin Chopra. It operates as a Retailer of bicycles, electric cycles, electric scooters, and fitness equipment. Ninety One has raised $43M in funding from investors like A91 Partners, Brand Capital and Gujarat Venture Finance, with a current valuation of ₹*****. The company has 556 active competitors, including 59 funded and 13 that have exited. Its top competitors include companies like Ather Energy, Gogoro and Ultraviolette.

Company Details

Retailer of bicycles, electric cycles, electric scooters, and fitness equipment. The company offers a wide range of mobility and exercise solutions, including mountain bikes, hybrid bikes, road bikes, and treadmills. It provides various accessories and support services to ensure a complete cycling and fitness experience for customers.

Website: www.outdoors91.com/
Social
Email ID: *****@outdoors91.com
Phone Number: +91 **********
Registered Address: 101-108, 10th Floor, City Centre Swastik Cross Road, C.G Road, Navrangpur, a, Ahmedabad, Ahmedabad, Gujarat, India, 380009

Key Metrics

Founded Year

2015

Location

Ahmedabad, India

Stage

Series A

Total Funding

$43M in 9 rounds

Latest Funding Round

Series A, Feb 13, 2026, $*****

Post Money Valuation

₹***** as on Jul 18, 2026

Investors

A91 Partners & 22 more

Ranked

14^th among 556 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

113 as on May 31, 2026

Similar Companies

Ather Energy & 703 more

View Ninety One's full profile

Ninety One is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Alphavector (india)private Limited CIN: U51909GJ1987PTC009908 , India, Active	Aug 20, 1987	₹100 - ₹500 Cr (As on Mar 31, 2025)	113 (As on May 01, 2026)

Ninety One has raised a total funding of $43M over 9 rounds. Its first funding round was on Jan 12, 2015. Its latest funding round was a Series A round on Feb 13, 2026 for $*****. 5 investors participated in its latest round. Ninety One has 14 institutional investors and 9 angel investors.

Here is the list of recent funding rounds of Ninety One:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 13, 2026	8703340	Series A	7046665	5056868	4989603	7915114
May 23, 2025	8513504	Series A	9105225	2785296	1594111	Ramesh Chopra & 5 more
Mar 15, 2024	7938903	Series A	7217995	1549773	Brand Capital	9509696

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View details of Ninety One's funding rounds and investors

The founders of Ninety One are Vishal Chopra and Sachin Chopra. Sachin Chopra is the CEO of Ninety One.

Here are the details of Ninety One's key team members:

Vishal Chopra: Co-Founder & Managing Director of Ninety One and founder of 1 other company.
Contact Info: 2 email addresses
Sachin Chopra: Co-Founder & CEO of Ninety One and founder of 2 other companies, Alpha-Vector and AlphaVector.
Contact Info: 1 email address

Ninety One's Board of Directors

Ninety One's board has 7 active members. Vinay Singh, Venkatavaraghavan Thiruvenkata Bharadwaj, Sandeep Shiamsunder Singhal, Vishal Ramesh Chopra and Sachin Ramesh Chopra are part of team and Ramesh Bankaram Chopra and Satish Bankaram Chopra are independent board members.

Here is the list of Ninety One's board of directors:

Name	Type	Representing	Status	Duration
Sachin Ramesh Chopra	Team	-	Current	12y 0m
tlfhshm	Team	-	Past	5y 1m
Vinay Singh	Investor	-	Current	8y 0m
Venkatavaraghavan Thiruvenkata Bharadwaj	Investor	-	Current	4y 11m
xcuy{qz	Investor	-	Past	3y 5m
Satish Bankaram Chopra	Independent board member	-	Current	4y 11m
rimqisx	Independent board member	-	Past	2y 9m

View details of Ninety One's Founder profiles and Board Members

Ninety One's employee count trend

Ninety One has 113 employees as of May 26. The total employee count is 2.0% lower than what it was in May 25. Here is Ninety One's employee count trend over the years:

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Top competitors of Ninety One include Ather Energy, Gogoro and Ultraviolette. Here is the list of Top 10 competitors of Ninety One, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ather Energy 2013, Bengaluru (India), Public	Manufacturer of smart electric scooters with connected software, charging infrastructure, and ecosystem services	$502M	Hero MotoCorp, NIIF & 40 others	85/100
2nd	Gogoro 2011, Taipei (Taiwan), Public	Platform offering electric scooters and operator of battery swapping networks	$765M	Sumitomo Corporation, Generation Investment Management ... & 15 others	77/100
3rd	Ultraviolette 2016, Bengaluru (India), Series E	Manufacturer of electric motorcycles, components, rider safety equipment, and charging infrastructure	$207M	TVS Motor, Qualcomm Ventures & 50 others	75/100
4th	Oben Electric 2020, Bengaluru (India), Series A	Platform offering two wheeler motorcycle products	$38.2M	India Ev Angels, Stride Ventures & 87 others	75/100
5th	BGauss 2020, Mumbai (India), Series D	Manufacturer of electric scooters designed for urban and developing environments	$42.7M	RR Global, Bharat Value Fund & 18 others	72/100
6th	Simple Energy 2019, Bengaluru (India), Series C	Manufacturer of electric scooters designed for urban and long-distance travel	$279M	Vasavi Green Tech, Srinivas Balajee Enterprise ... & 133 others	68/100
7th	Hero Electric 2007, Gurugram (India), Series B	Manufacturer offering electric scooters and mobility solutions	$130M	GII, Vocean & 54 others	67/100
8th	Motovolt 2019, Kolkata (India), Seed	Manufacturer of electric bicycles mopeds and smart battery powered scooters	$1.92M	WAMI Capital, Sivaswamy Holdings & 22 others	66/100
9th	Ola Electric 2017, Bengaluru (India), Public	Manufacturer of electric scooters, motorcycles, and energy storage solutions	$1B	Temasek, SoftBank & 72 others	65/100
10th	Rideriver 2020, Bengaluru (India), Series C	Manufacturer of electric scooters designed for personal and professional use	$174M	Maniv Mobility, Al-Futtaim & 20 others	65/100
14th	Ninety One 2015, Ahmedabad (India), Series A	Retailer of bicycles, electric cycles, electric scooters, and fitness equipment	$43M	Trian Partners, Fireside Ventures & 21 others	61/100

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Founders own 16.70%, Funds (largest shareholder) own 68.85%, Enterprises own 2.57% and Angels own 4.89%. The net worth of Ninety One's founders is INR 144Cr as of Jul 18, 2026.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	16.70%	144Cr	5892404	7119566	6158985	6450224
Sachin Chopra	5154147	8028854	3411759	1896701	8811948	8567606
Vishal Chopra	7238287	3376102	7038927	6704258	9249452	9182256
Fund	68.85%	593Cr	3286793	9091365	5124040	8287715
A91 Partners	5851291	7776932	9357089	3165950	9614486	3358474
Avaana Capital Advisors	859508	685039	822671	156887	740369	178274
Gujarat Venture Finance	49	50	76	83	21	47
Alteria Capital	0	0	0	0	0	0
Brand Capital	0	0	0	0	0	0
Enterprise	2.57%	22.1Cr	94	90	62	58
Angel	4.89%	42.2Cr	8261	3414	9005	5112
Other People	3.51%	30.3Cr	467	212	650	725
ESOP Pool	3.49%	30Cr	650	151	122	485
Total	100.00%	862Cr	1959006	6658141	4106310	3194767