Ninety One (owned and operated by AlphaVector India Pvt Ltd) designs and sells bicycles and is building an electric cycles portfolio. The company claims to sell more than 20,000 bicycles a month and has over 1,000 retail points across more than 500 cities, plus about one million unique website views. Founded in 2015, Ninety One reports over five‑fold monthly recurring revenue (MRR) growth and that over 80% of sales currently come from the men’s category. Management plans to expand manufacturing capabilities in Gujarat and to push into global markets. The company intends to grow its ‘kids’ and ‘women’ categories to comprise 50% of sales over the next two years. Ninety One also plans investments in omni‑channel capabilities, its WYND social fitness app, and the Hub91 mobile ERP platform.

Total raised

$30M

Funding rounds

1

Latest round

Series A

Latest activity

Dec 2021