Key Metrics
  • No. of Employees112
  • Founded Year 2019
  • Company StagePrivate Limited Company
  • Total Funding₹51.6 Cr
  • Industry

  • Headquarter
  • Company StatusActive
About Frendy

Frendy was launched in 2020 to unlock the massive, unlocked potential of the 9 out of 10 women in Tier 2-6 towns in India, who are unable to find work. As Frendy Partners, these women can build businesses in their own home, and in the process, address the largest pain points in online commerce in India — trust & last mile distribution.

With Frendy, Partners build digital businesses, helping their friends and neighbours access the power and savings of e-commerce, while maintaining the trust and customized service to which they are accustomed. With the combination of an in-home micro-convenience store stocked with 100 high-turn items and assisted access to a much wider range of products available online at significant savings, Frendy Partners provide substantial value to their communities.

Based out of Ahmedabad, Frendy currently has over 4,000+ Partners in Gujarat, Rajasthan & Madhya Pradesh, and has rapidly scaled to over Rs. 100 Cr in Annual Recurring Revenue (ARR). Given the trust that comes with the Partners’ existing relationships, Frendy is uniquely well-positioned to successfully bring digital commerce to underserved local communities throughout India, enabled by a logistical model that is tailored to address the complex last-mile challenges of smaller towns in the country. Having started with groceries and household items, Frendy and its Partners are well on their way to build a powerful distribution model to smaller towns in India.

Business Model

Community group buying platform Frendy provides discounts on groceries and other daily needs-related items to tier two- tier six towns through the neighborhood homepreneurs. With a noticeable initial traction, it has expanded in stealth mode with operations in 25+ Tier 2-6 towns and over 4,500+ products.

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Frendy Funding Details
Funding Highlights
Latest Funding RoundDebt Financing
Total Funding Raised₹51.6 Cr
No. of Investments Made0
Total No. of Acquisitions0
Lead Investors2
Investors
  • Desai Family Office, LetsVenture
Funding Details
TheKredible's detailed funding report contains info about Funding raised by the company along with Lead Investors, Investors, Shareholding Strcuture, and its Investments & Acquisitions.
₹799.00 ₹1,598.00
Funding History
TheKredible's 'Funding History' report provides deep insights of Funding with list of Lead Investors
₹399.00 ₹798.00
Funding Per Year
A Funding report of the company's overall funding on yearly basis, segregated by the team TheKredible.
₹199.00 ₹398.00
Frendy Financial Details
Financial Highlights
FY 2022-23 Revenue₹82.59 Cr
FY 2022-23 Expenses₹96.92 Cr
FY 2022-23 Profit/Loss-₹10.61 Cr
Net Cash Flow From Operations-₹14.51 Cr
Full Financial Details
Detailed report containing info about Business Model, year-wise Financial Comparison, Ratio Analysis and detailed Revenue and Expense breakdowns.
₹799.00 ₹1,598.00
Financial Comparison
A detailed report of year-wise Financial Comparison of the company
₹430.00 ₹860.00
Revenue Breakdown
A report and breakdown of the company's year-wise revenue streams.
₹399.00 ₹798.00
Expense Breakdown
A report and breakdown of the company's year-wise expenditures.
₹399.00 ₹798.00
Shareholding Structure
Team at TheKredible has gone through several ROC filings and portrayed Shareholding Structure of the company.
₹499.00 ₹998.00
Financial Ratio
Analysis of Financial Ratios which gives quick insights about the company's profitability and capital efficiency.
₹199.00 ₹398.00
Frendy Key People
People Metrics
Current Core Team2
Board Members/Directors2

Core Team

SG
Sameer GandotraCo-Founder & CEO
GV
Gowrav VishwakarmaCo-Founder & CTO

Board Members/Directors

SG
Sameer Gandotra Director
AA
Ashish Anilkumar Handa Director
Frendy Documents

AY - 2019-20

Profit and Loss statement - Frendy - 2019-20.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Frendy for FY 2019-20.
₹249.00 ₹498.00
Balance Sheet - Frendy - 2019-20.pdf
TheKredible's experts has summarized the Balance Sheet of Frendy for FY 2019-20.
₹249.00 ₹498.00

AY - 2020-21

Profit and Loss statement - Frendy - 2020-21.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Frendy for FY 2020-21.
₹249.00 ₹498.00
Balance Sheet - Frendy - 2020-21.pdf
TheKredible's experts has summarized the Balance Sheet of Frendy for FY 2020-21.
₹249.00 ₹498.00

AY - 2021-22

Profit and Loss statement - Frendy - 2021-22.pdf
TheKredible's experts has summarized the Profit and Loss Statement of Frendy for FY 2021-22.
₹249.00 ₹498.00
Balance Sheet - Frendy - 2021-22.pdf
TheKredible's experts has summarized the Balance Sheet of Frendy for FY 2021-22.
₹249.00 ₹498.00

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