# Alphavector India Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alphavector-india-pvt

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Ahmedabad, India
- Website: www.frogcycles.in
- Total disclosed funding: $35M
- Latest round: Series A (Dec 21, 2021)
- Investors on record: 4

## About

Based in India, Alphavector India Pvt Limited specializes in the manufacture and distribution of cycling products, catering to both amateur and professional cyclists with a diverse range of high-quality bicycles and accessories.Alphavector India Pvt Limited focuses on providing innovative cycling solutions and was founded in 2015 in Ahmedabad, India. The company has executed 8 deals, with the most recent deal occurring on December 21, 2021, when it raised INR 2.25 billion in Series A funding led by A91 Partners, with participation from Avaana Capital, Fireside Ventures, and Titan Capital. The founders, Sachin Chopra and Vishal Chopra, have a background in startup ventures, with Sachin currently serving as the CEO. The company has achieved a current valuation of INR 10 billion and has raised a total of INR 2.25 billion.Frogcycles.in specializes in providing a range of cycling products and services aimed at both amateur and professional cyclists. Their core offerings include high-quality bicycles, cycling accessories, and maintenance services designed to enhance the cycling experience. The company addresses common challenges faced by cyclists, such as durability, performance, and comfort, targeting a diverse clientele that includes recreational cyclists, competitive riders, and cycling enthusiasts. The geographical markets served by Frogcycles.in extend beyond local boundaries, encompassing key regions known for cycling, such as urban centers, fitness communities, and sporting events across various countries.In the most recent financial year 2023, Frogcycles.in reported a revenue of INR 22,566,154.90 and an EBITDA of INR -3,843,612, reflecting the company's current financial standing in the market.Following the Series A funding raised in December 2021, Alphavector India Pvt Limited plans to utilize the INR 2.25 billion to expand its operations significantly. The company intends to establish two new manufacturing facilities in Gujarat and pursue expansion into the European and North American markets. These initiatives are aimed at enhancing production capabilities and market presence, with specific timelines and product launches slated for the near future.

## Funding rounds

- Series A, Dec 21, 2021, $30M — Fireside Ventures, Titan Capital, A91 Partners, Avaana Capital
- Series A, Jan 30, 2020, $2.5M — Titan Capital, Avaana Capital
- Series A, Sep 26, 2018, $2.1M — Fireside Ventures

## Investors

- Fireside Ventures (https://capitalatlas.ai/funds/fireside-ventures) — Series A
- Titan Capital — Series A
- Avaana Capital (https://capitalatlas.ai/funds/avaana-capital) — Series A
- A91 Partners (https://capitalatlas.ai/funds/a91-partners) — Series A