# Gully Network Retail Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gully-network-retail-private

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.gullynetwork.com
- Total disclosed funding: $0.7M
- Latest round: Seed (Nov 2, 2020)
- Investors on record: 2

## About

Gully Network Retail Private Limited operates as a technology-focused company that delivers innovative solutions to optimize operational efficiency across various sectors, including finance, healthcare, and retail.Founded in 2019 and headquartered in Bangalore, India, Gully Network Retail Private Limited specializes in advanced technology solutions. The company has engaged in 3 notable deals, with its most recent funding round occurring on November 5, 2020, during which it raised INR 89 million led by Venture Catalysts, with involvement from Digital Futurists Angels Network and Inflection Point Ventures. The CEO and founder, Femi Ogunjimi, is instrumental in steering the company’s direction and growth.Gully Network Retail Private Limited offers a variety of innovative products aimed at solving specific challenges within its target markets. Its core offerings include advanced technology solutions that enhance operational efficiency and improve user experience. The company tailors these products to meet the diverse needs of clients in sectors such as finance, healthcare, and retail. By emphasizing user-centric design and functionality, these solutions are crafted for seamless integration into existing workflows, allowing clients to optimize processes and attain measurable results. The company's reach extends internationally, serving customers across North America, Europe, and Asia.In the most recent fiscal year of 2023, Gully Network Retail Private Limited generated revenue of INR 4,943,846.5, with an EBITDA of INR -611,858.3. Its revenue model is based on structured transactions that include direct sales and subscription services, facilitating long-term partnerships with clients through flexible pricing plans.Gully Network Retail Private Limited aims to leverage its recent funding of INR 89 million raised in November 2020 to enhance its portfolio of technology solutions. The company plans to introduce several new products designed to address emerging market needs, with specific launch dates to be announced. Additionally, there are intentions to expand into new geographic regions, targeting markets in Europe and North America by 2024. This growth strategy is supported by the funding received, which is earmarked for product development and market entry activities.

## Funding rounds

- Seed, Nov 2, 2020 — CP Ventures
- Seed, Jun 23, 2019, $0.7M — Orios Venture Partners

## Investors

- Orios Venture Partners (https://capitalatlas.ai/funds/orios-venture-partners) — Seed
- CP Ventures (https://capitalatlas.ai/funds/cp-ventures) — Seed