Opinio - About the company
Opinio is an acquired company based in Bengaluru (India), founded in 2015 by Mayank Kumar Ram, Lokesh Kumar Jangid, Anurag Ranjan, Abhinav Jain, Dilip Verma and Saurabh Shinde. It operates as a Tech-enabled last mile delivery. Opinio has raised $8.3M in funding from investors like Delhivery, Accel and Sands Capital, with last known valuation of ₹*****. The company has 30 active competitors, including 4 funded and 2 that have exited. Its top competitors include companies like Pico Xpress, Runnr and Pickingo.
Company Details
Opinio would provide delivery of food, grocery, bakery, medicines etc. Launched in 2014 as an opinion exchange platform, pivoted to logistics segment in 2015. Has tied up with around 500 merchants in 15 areas in Bengaluru and three areas in Delhi as of Sept 2015. Founders are alumni of IIT Kanpur. Funded by Accel Partners and Tracxn Labs. Has shut down operations as of October 2016 and claims to be pivoting to another business model.
- Website
- opinioapp.com
- Registered Address
- Flat # 1401, Ginger Block, Greenage Salarpuria Sattva, Near Oxford College, Hosur Main, Road, Bangalore, Bangalore, Karnataka, India, 560068
Key Metrics
Founded Year
2015
Location
Bengaluru, India
Stage
Acquired
Total Funding
$8.3M in 2 rounds
Latest Funding Round
Last Known Valuation
₹***** as on Dec 06, 2015
Ranked
1st among 30 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2020
Employee Count
127 as on Aug 31, 2026
Exit Details
Acquired by Cult.fit (Jul 30, 2018)
Legal entities associated with Opinio
Opinio is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MOONSHOTS INTERNET PRIVATE LIMITED CIN: U72900KA2014PTC077772 , India, Active | Dec 16, 2014 | 0 - ₹10 Cr (As on Mar 31, 2020) | 40 (As on Dec 31, 2016) |
Opinio's acquisition details
Opinio got acquired by Cult.fit on Jul 30, 2018.
Click here to take a look at Opinio's acquisition in detail
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Opinio's funding and investors
Opinio has raised a total funding of $8.3M over 2 rounds. Its first funding round was on Jul 27, 2015. Its latest funding round was a Series A round on Oct 20, 2015 for $*****. 4 investors participated in its latest round. Opinio has 5 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Opinio:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 20, 2015 | 4451842 | Series A | 5406703 | 2929899 | 5906007 | 8359841 |
Jul 27, 2015 | 6386296 | Seed | 1597326 | 1464781 |
Access funding benchmarks and valuations. Sign up today!View details of Opinio's funding rounds and investors
Opinio's founders and board of directors
Founder? Claim ProfileThe founders of Opinio are Mayank Kumar Ram, Lokesh Kumar Jangid, Anurag Ranjan, Abhinav Jain, Dilip Verma and Saurabh Shinde.
Here are the details of Opinio's key team members:
- Mayank Kumar Ram: Co-Founder of Opinio and founder of 1 other company. They serve on the boards of 2 companies.Contact Info: 1 email address
- Lokesh Kumar Jangid: Co-Founder of Opinio. They serve on the boards of 2 companies.Contact Info: 1 email address
- Anurag Ranjan: Co-Founder of Opinio.
- Abhinav Jain: Co-Founder of Opinio and founder of 1 other company.
- Dilip Verma: Co-Founder of Opinio.
Opinio's Board of Directors
Opinio's board has 2 active members. Mayank Kumar Ram and Lokesh Kumar Jangid are part of team.Here is the list of Opinio's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 8m | |
Team | - | Current | 11y 8m |
View details of Opinio's Founder profiles and Board Members
Opinio's employee count trend
Opinio has 127 employees as of Aug 26. Here is Opinio's employee count trend over the years:
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Opinio's Competitors and alternates
Top competitors of Opinio include Pico Xpress, Runnr and Pickingo. Here is the list of Top 10 competitors of Opinio, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Tech-enabled last mile delivery | $8.3M | 47/100 | ||
2nd |  Pico Xpress 2023, Bengaluru (India), Seed | AI powered B2B parcel delivery services | $5.83M | 46/100 | |
3rd | On-demand food delivery platform from nearby restaurants | $31.7M | 46/100 | ||
4th | Hyperlocal delivery service for businesses | $1.45M | 39/100 | ||
5th | Web based platform to book for on-demand delivery services | $196K | 38/100 | ||
6th | Provider of tech-enabled last-mile delivery solutions for businesses | $119K | 37/100 | ||
7th | Provider of end to end delivery solutions for businesses | - | - | 36/100 | |
8th | Hyperlocal B2B distribution service for small retailers | $253K | 32/100 | ||
9th | On-demand B2B hyperlocal delivery | $639K | 31/100 | ||
10th | B2B platform for on-demand local delivery | - | - | 30/100 |
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Opinio's Latest cap tables and shareholding
Founders (largest shareholder) own 44.42%, Funds own 28.94%, Enterprises own 15.00% and Angels own 0.54%. The net worth of Opinio's founders is INR 71.1Cr as of Dec 06, 2015.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 44.42% | 71.1Cr | 9971684 | 8346424 | 8834743 | 3390104 |
6462836 | 3100278 | 3316960 | 2020806 | 3136330 | 1653236 | |
7384671 | 5965941 | 3070959 | 7405425 | 3627969 | 1426899 | |
Fund | 28.94% | 46.3Cr | 9303535 | 2917172 | 3608816 | 8991995 |
9959975 | 7365127 | 1879868 | 8355021 | 3555000 | 7486666 | |
5828 | 7963 | 6955 | 6518 | 1453 | 4651 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 15.00% | 24Cr | 9076920 | 3334573 | 9715782 | 9164798 |
Angel | 0.54% | 86.1L | 0 | 0 | 0 | 0 |
ESOP Pool | 11.10% | 17.8Cr | 3363259 | 4190026 | 5092096 | 9225340 |
Total | 100.00% | 160Cr | 9802876 | 7926761 | 4634981 | 7105007 |
To unlock detailed Cap Table of Opinio 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 Opinio's Shareholding
Opinio's Investments and acquisitions
Opinio has made no investments or acquisitions yet.
Reports related to Opinio
Here is the latest report on Opinio's sector:
News related to Opinio
•
•
CureFit signs strategic partnership with Opinio for backend logistics & warehousing systemsIndiatimes•Jan 10, 2017•Opinio, Curefit
•
Delhivery-funded B2B logistics startup Opinio halts operation, to pivot soonYourStory•Oct 26, 2016•Delhivery, Opinio
•
Hyperlocal Logistics Startup Opinio Lands $7M Series A To Launch In New Indian CitiesTechCrunch+•Oct 21, 2015•Opinio, Accel, Delhivery, Sands Capital Ventures
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