When was Shuru founded?

Shuru was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Shuru located?

Shuru is headquartered in Gurugram, India. It is registered at LG-007-02, LG Floor, MGF Metropolis Mall, MG Road, DLF QE, Gurgaon, Dlf Qe, Haryana, India, 122002.

Who is the current CEO of Shuru?

Diwakar Kaushik and Mayank Bhangadia s of Shuru. Diwakar Kaushik has also founded 2 companies.

Which legal entities is Shuru associated with?

Shuru is associated with CLOSE APP PRIVATE LIMITED.

How many employees does Shuru have?

As of Sep 30, 2026, the latest employee count at Shuru is 26.

Is Shuru a funded company?

Shuru is a funded company, having raised a total of $4.73M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 11, 2021.

How much is Shuru worth?

The latest valuation of Shuru is $***** as of May 22, 2025.

When was the latest funding round of Shuru?

Shuru's latest funding was a $***** Series A round on May 22, 2025, with participation from 3 investors. Its primary sector is Social Platforms. In India, the Social Platforms sector has seen $87.4M in funding in 2026 to date.

What is the annual revenue of Shuru?

Annual revenue of Shuru is less than ₹10 Cr as on Mar 31, 2025

Where does Shuru rank among its competitors?

Shuru ranks 4th amongst 391 active competitors, of which 35 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Shuru, which secured $3.39M in May, 2025.

Who are the top competitors of Shuru?

Shuru's top competitors include Jodel, Momo and MeetMe. Among them, Shuru secured the most recent funding round in May, 2025.

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

Company Details

Community platform for neighborhood. It allows users to connect with like-minded people from the same locality and discuss various topics. It creates a digital space for citizens to share, solve, and build neighborhoods. It also enables users to post, advertise, and engage with their local community. The mobile application is available for Android devices.

Website: shuru.co.in
Social
Email ID: *****@shuru.co.in
Registered Address: LG-007-02, LG Floor, MGF Metropolis Mall, MG Road, DLF QE, Gurgaon, Dlf Qe, Haryana, India, 122002

Key Metrics

Founded Year

2021

Location

Gurugram, India

Stage

Series A

Total Funding

$4.73M in 3 rounds

Latest Funding Round

Series A, May 22, 2025, $*****

Post Money Valuation

$***** as on May 22, 2025

Investors

Krafton & 14 more

Ranked

4^th among 391 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

26 as on Sep 30, 2026

Similar Companies

Jodel & 950 more

View Shuru's full profile

Shuru is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
CLOSE APP PRIVATE LIMITED CIN: U72900HR2021PTC095047 , India, Active	May 15, 2021	0 - ₹10 Cr (As on Mar 31, 2025)	-

Shuru has raised a total funding of $4.73M over 3 rounds. Its first funding round was on Nov 11, 2021. Its latest funding round was a Series A round on May 22, 2025 for $*****. 3 investors participated in its latest round. Shuru has 11 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Shuru:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 22, 2025	3143993	Series A	8728036	5755326	5511187	3341682
Aug 18, 2022	4206670	Series A	8934685	4169002	3415041	Eximius Ventures & 2 more
Nov 11, 2021	7805251	Seed	9554017	8461942	Kunal Bahl & 2 more	Appyhigh & 2 more

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View details of Shuru's funding rounds and investors

The founders of Shuru are Diwakar Kaushik, Harsh Chhabra and Mayank Bhangadia. Diwakar Kaushik and Mayank Bhangadia are the CEOs of Shuru.

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

Diwakar Kaushik: Co-Founder & CEO of Shuru and founder of 2 other companies, Shuru and Salad Days. They serve on the board of 1 company.
Contact Info: 1 email address
Harsh Chhabra: Co-Founder of Shuru.
Contact Info: 1 email address
Mayank Bhangadia: Co-Founder & CEO of Shuru.
Contact Info: 1 email address

Shuru's Board of Directors

Shuru's board has 2 active members. Mayank Bhangadia and Harsh Chhabra are independent board members.

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

Name	Type	Representing	Status	Duration
Mayank Bhangadia	Independent board member	-	Current	5y 5m
hitxdvt	Independent board member	-	Current	1y 4m

View details of Shuru's Founder profiles and Board Members

Shuru's employee count trend

Shuru has 26 employees as of Sep 26. Here is Shuru's employee count trend over the years:

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Top competitors of Shuru include Jodel, Momo and MeetMe. Here is the list of Top 10 competitors of Shuru, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Jodel 2014, Berlin (Germany), Series A	App-based social platform connecting students	$6.76M	Floodgate, NetEase Games & 24 others	71/100
2nd	Momo 2011, Beijing (China), Public	Provider of mobile social networking platform for video interaction services	$247M	Sequoia Capital China, Yunfeng Capital & 5 others	66/100
3rd	MeetMe 2005, New Hope (United States), Acquired	Social platform to meet new people	$22.3M	Western Technology Investment, First Round Capital ... & 4 others	64/100
4th	Shuru 2021, Gurugram (India), Series A	Community platform for neighborhood	$4.73M	Titan Capital, Appyhigh & 13 others	60/100
5th	Radiate 2015, New York City (United States), Seed	A location-based app to connect people attending music festivals.	$1.41M	Lerer Hippeau, Mehta Ventures & 1 others	57/100
6th	Zenly 2011, Paris (France), Acquired	Mobile app for sharing real-time location	$33.7M	Benchmark, Idinvest Partners & 9 others	50/100
7th	Jagat 2021, Jakarta (Indonesia), Unfunded	Location-based mobile social app	-	-	50/100
8th	IamHere 2017, Bengaluru (India), Seed	Hyperlocal social network platform connecting individuals	$657K	Government of Karnataka, Sarthy & 12 others	48/100
9th	Mico 2015, Hong Kong (China), Acquired	Online social platform for connecting with friends and planning meetups	$30M	NewBornTown	46/100
10th	Pod 2009, Manhattan Beach (United States), Seed	Social platform for connecting with people with similar professional interests	$7.5M	PACA Ventures & 1 others	45/100

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CLOSE APP PRIVATE LIMITED, the legal entity associated with Shuru, generated less than ₹10 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of CLOSE APP PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 187% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	6170	4047	5496	5170
Total Sales	1106	1179	9390	7841
Total Expenses	4194	3392	7850	5995
Operating Expenses	6034	4319	2816	4389
Employee Expenses	3446	3616	6777	5392
Operating Income (EBIT)	6742	6147	5208	4101
Interest Expenses	2234	3661	8151	3307
Expenses from other activities	3283	3245	7574	3480
EBITDA	9654	2753	3867	1871
Taxes	2263	5123	6934	6374
Net Profit	3095	8730	2021	4261
Balance Sheet
Assets	6943	1830	8662	5703
Accounts Receivables	2851	7956	7782	1598
Inventory	7474	4300	4456	2657
Liabilities	8356	4807	7149	1939
Total Debt	3220	3417	4548	6882
Accounts Payable	9765	6558	2345	8535
Equities	2662	1016	6455	1437

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders (largest shareholder) own 76.67%, Funds own 17.49% and Angels own 5.83%. The net worth of Shuru's founders is INR 38.4Cr as of Aug 18, 2022. The cap table displayed below is for CLOSE APP PRIVATE LIMITED which is the legal entity associated with Shuru.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	76.67%	38.4Cr	9211303	7933688	3037594	3779962
Fund	17.49%	8.78Cr	1083401	9268176	7262531	9261369
Omidyar Network India	7206817	5098809	5119858	8929773	5181335	2095045
Eximius Ventures	45	64	86	14	50	61
Angel	5.83%	2.92Cr	19272	61478	63508	41449
Kunal Bahl	38	50	79	80	65	34
Total	99.99%	50.1Cr	7343577	3053372	1426069	5233944