COMPANY INTELLIGENCE PROFILE
HIVELOOP TECHNOLOGY PRIVATE LIMITED
Bangalore-based Udaan-group operating subsidiary (Hiveloop Technology Private Limited, CIN U72900KA2016PTC093868), likely providing logistics/e-commerce operations support for the Udaan B2B marketplace, with FY25 financials showing a near-total business wind-down.
Hiveloop Technology Private Limited, a Bangalore-based subsidiary of the Udaan-group, likely supports logistics and e-commerce operations for the Udaan B2B marketplace. Incorporated in June 2016, it initially focused on data and analytics but appears to be functioning as a logistics arm. For FY2025, financial reports suggest a significant business wind-down, supported by a drastic decline in revenue and net worth. The entity has legal involvements and no reported credit ratings.
AI-generated, may contain errors.
Business Overview
- Sources conflict on current business.
- MCA registration-era description (Tofler) frames it as a data science/AI/analytics and data-engineering services company.
- However, financial-data and legal-record patterns point to Hiveloop Technology functioning as the logistics/operations arm for the Udaan B2B e-commerce platform: TheCompanyCheck lists associated brands "Udaan, DP Mart, Udaan Express, WholeSher, Hiveloop Capital," classifies it under E-Commerce/Transport & storage, and names "Trustroot Internet Private Limited", Udaan's holding entity, as parent
- Tofler separately notes the company's listed email domain references udaan.com.
- Net take: Hiveloop Technology Pvt Ltd is very likely a Udaan-group operating subsidiary, warehousing/last-mile logistics for Udaan's B2B marketplace, not an independent AI/analytics company — but this link is corroborated by only one detailed source, TheCompanyCheck, plus a circumstantial signal from Tofler, so status = partial.
Sector & Classification
Registered activity: Computer related services / "Other information technology and computer service activities" per Tofler; TheCompanyCheck classifies current activity under E-Commerce (General E-Commerce Platforms) / "Information and communication; Transport and storage" — sources conflict on sector classification, likely reflecting a shift from original registration (data/analytics) to actual operations (logistics/e-commerce for the Udaan platform).
Directors & Key Management
Directors — source notes
1) Krishna Menon Vishnu Menon — DIN 07315528 — Whole-time Director (appointed 14 Oct 2022) [Tofler, TheCompanyCheck]. 2) Ankit Gupta — DIN 10044673 — Director (appointed 30 Sep 2024) [Tofler, TheCompanyCheck]. 3) Bannari Jagathish — Whole-time Director (appointed 05 Aug 2025 per TheCompanyCheck) — DIN not obtained (not shown by either source). Confidence: partial (2 of 3 DINs confirmed via 2 sources; 1 DIN not obtained).
GST Registrations
Not obtained. No GSTIN could be located via knowyourgst.com, findgst.in, mastersindia.co, or general web search within the reliable-source list for this specific CIN/entity. Given the entity-confusion risk with the similarly-named "Hiveloop Capital Private Limited" (CIN U67100KA2016PTC098355, a separate financial-services company), no GSTIN is reported here to avoid misattribution. status=none.
Financials
HIVELOOP TECHNOLOGY PRIVATE LIMITED experienced a significant decline in FY2024-25, with revenue below Rs 1 Cr and net worth collapsing by ~99.7% YoY. EBITDA and PAT were both Rs -2.0 Lac. FY2023-24 revenue figures conflict, noted at Rs 224.83 Cr and Rs 284.76 Cr.
AI-generated, may contain errors.
| FY2023-24, standalone, per Tofler | Revenue Rs 224.83 Cr |
| EBITDA | Rs -647.88 Cr |
| PAT | Rs -665.83 Cr |
| Net worth | Rs 285.78 Cr |
| Borrowings | Rs 308.09 Cr. Note: TheCompanyCheck separately cites FY24 revenue as Rs 284.76 Cr, down 33.38% YoY, — a figure that conflicts with Tofler's Rs 224.83 Cr |
| Both are reported here with the conflict flagged, neither independently confirmed by a second matching source. FY2024-25, standalone, per Tofler, single-source: Revenue below Rs 1 Cr | |
| EBITDA | Rs -2.0 Lac |
| PAT | Rs -2.0 Lac |
| Net worth | Rs 96.3 Lac |
| Borrowings Nil. | |
| This represents a | ~99.7% collapse in net worth and near-total revenue disappearance YoY, consistent with the company's operating business having been transferred out or wound down during FY25. |
| Confidence | partial, single primary source per year, with one direct figure conflict flagged. |
Funding History
- No dedicated equity funding rounds found for Hiveloop Technology Private Limited itself, it appears to be a wholly-owned/group operating subsidiary rather than an independently VC-funded startup. None found in reliable sources checked.
Loans & Charges
| TheCompanyCheck (single source) | Open charges ~Rs 207 Cr |
| Satisfied charges | ~Rs 993.32 Cr |
| Lenders include Tata Capital (Rs | 40 Cr) and others (~Rs 167 Cr). |
| This is in tension with Tofler's FY25 standalone borrowings figure of "Nil," though the two are not strictly contradictory, charges can remain registered/unsatisfied on the MCA charge register even after a balance-sheet borrowing figure changes, and charge data vs point-in-time borrowings are different filings. | |
| Flagged as a conflict/gap. status=partial. | |
Credit Ratings
- None found.
- No CRISIL/ICRA/CARE rating located for Hiveloop Technology Private Limited specifically in sources checked., Caution: do not confuse with any rating that may exist for group entity "Hiveloop Capital Private Limited," an NBFC-type entity with its own separate credit relationships — that would be entity misattribution.
Legal & Compliance
- Indian Kanoon lists at least 10 case entries involving this entity: (1) "Intelligent Homeware & Ors vs Hiveloop Technology Private Limited & Ors" — Delhi High Court, multiple hearings/orders: 27 Sep 2019, 25 May 2023, 29 Jan 2024, 16 May 2024, 17 Jul 2025, 17 Nov 2025, an apparently long-running dispute. (2) "Hiveloop Technology Private Limited vs Incubex Business Consulting" — Karnataka High Court, 20 Jun 2023. (3) "Biswanath Hosiery Mills Limited And Anr vs Hiveloop Technology Private Limited" — Calcutta High Court, 12 Feb 2020, 24 Sep 2020, and 13 Dec 2024.
- Confirmed via Indian Kanoon, single source; case content/merits not read in depth, only case index.
Competitive Landscape
- Given the company's likely role as the logistics/warehousing/last-mile arm for the Udaan B2B e-commerce platform, comparable peers, B2B logistics / e-commerce-enabling logistics in India, include: Delhivery, large, listed, pan-India 3PL, Ecom Express, large, IPO-track e-commerce logistics, XpressBees, large, unicorn-scale logistics, Shadowfax, large, hyperlocal/last-mile logistics, LoadShare Networks, mid-size, last-mile logistics, and Udaan itself as the parent B2B marketplace it likely serves, not a true competitor, but the core client/group entity.
- Caveat: since Hiveloop Technology's actual line of business is only inferred, partial confidence, see business_overview, this competitor set is directional, not certain.
Frequently Asked Questions
What does Hiveloop Technology Private Limited do?
Hiveloop Technology Private Limited is likely a Udaan-group operating subsidiary providing logistics and operations support for the Udaan B2B marketplace, functioning as the logistics/operations arm for warehousing and last-mile logistics.
What is the CIN of Hiveloop Technology Private Limited?
The CIN of Hiveloop Technology Private Limited is U72900KA2016PTC093868.
When was Hiveloop Technology Private Limited incorporated?
Hiveloop Technology Private Limited was incorporated on 03 June 2016.
What is the registered office address of Hiveloop Technology Private Limited?
The registered office of Hiveloop Technology Private Limited is located at TWA-SJR-The Hub, 1st Floor of South Wing, Survey Number 8, 2 & 9, Sarjapur Main Road, Sarjapur-Marathahalli Road, Bellandur, Bangalore South, Karnataka 560102.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.