HipBar Acquired
HipBar (Hip Bar Private Limited, later renamed Dreampurse Technologies Private Limited) was a Chennai-based drinks-delivery and payments startup founded in February 2015 by Prasanna Natarajan and Rajalakshmi Natarajan. Its app let age-verified consumers browse alcoholic beverages and pay via a mobile wallet, for home delivery or in-store pickup, and it built PPI-licensed wallet, POS and e-governance software for the alcohol…
HipBar: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 26 Jun 2018 | Strategic | ₹27 Cr ($3.96 Mn) | United Spirits | source |
Acquisitions
Recent Signals
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17 Apr 2020 · funding
HipBar issues ₹3 Cr CCPS to promoter group, diluting United Spirits' stake to an expected 22.6%-23.6% source
News on HipBar
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Who founded HipBar?
HipBar was founded by Prasanna Natarajan, Rajalakshmi Natarajan in 2015.
How much funding has HipBar raised?
HipBar has raised $3.96 Mn across 1 tracked funding round(s), most recently on 2018-06-26. Figures are compiled from cited public sources.
Who are the investors in HipBar?
Investors in HipBar include United Spirits.
What does HipBar do?
HipBar (Hip Bar Private Limited, later renamed Dreampurse Technologies Private Limited) was a Chennai-based drinks-delivery and payments startup founded in February 2015 by Prasanna Natarajan and Rajalakshmi Natarajan. Its app let age-verified consumers browse alcoholic beverages and pay via a mobile wallet, for home delivery…
Where is HipBar headquartered?
HipBar is headquartered in Chennai, Tamil Nadu, India.
What is HipBar's business model?
HipBar's core value proposition centers on Browse, pay and get alcohol delivered via a mobile wallet, RBI-licensed prepaid payment instrument (PPI) for wallet payments.