About 1K
1K is a company based in Gurugram (India) founded in 2018 by Kumar Sangeetesh, Abhishek Halder, and Sachin Sharma.. 1K has raised $43.58 million across 7 funding rounds from investors including Kae Capital, 1Crowd and Beacon Trusteeship. The company has 152 employees as of April 03, 2024. 1K operates in a competitive market with competitors including Vilcart, Frendy, ShopX, eSamudaay and StoreKing, among others.
- Headquarter Gurugram, India
- Employees 152 as on 03 Apr, 2024
- Founders Kumar Sangeetesh, Abhishek Halder, Sachin Sharma
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Odicea Distribution Technologies Private Limited
- Date of Incorporation 14 Dec, 2018
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$26.85 M (USD)0as on Mar 31, 2023
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Net Profit
$-21.96 M (USD)0as on Mar 31, 2023
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EBITDA
$-21.04 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$43.58 M (USD)
in 7 rounds
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Latest Funding Round
$1.93 M (USD), Series B
Aug 11, 2023
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Investors
Kae Capital
& 57 more
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Employee Count
152
as on Apr 03, 2024
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Funding Insights of 1K
1K has successfully raised a total of $43.58M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $1.93 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $1.9M
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First Round
First Round
(17 Apr 2019)
- Investors Count 58
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series B - 1K | Valuation |
investors |
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| May, 2023 | Amount | Series B - 1K | Valuation | Alpha Wave Global | |
| Apr, 2022 | Amount | Series B - 1K | Valuation | Alpha Wave Global |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 1K
1K has secured backing from 58 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Kae Capital, 1Crowd and Beacon Trusteeship. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on growth-stage companies
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Founded Year | Domain | Location | |
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Venture capital firm backed by Info Edge and Temasek
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 1K
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 1K
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
1K Comparisons
Competitors of 1K
1K operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vilcart, Frendy, ShopX, eSamudaay and StoreKing, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tech-enabled logistics solutions are provided for rural retailers in India.
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| domain | founded_year | HQ Location |
Digitized convenience store network solutions for retailers
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| domain | founded_year | HQ Location |
Provider of a cashback and rewards platform for local store purchases
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| domain | founded_year | HQ Location |
Retail store aggregation solutions are provided for local businesses.
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| domain | founded_year | HQ Location |
Online supermarket services are provided to small-town retailers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 1K
When was 1K founded?
1K was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is 1K located?
1K is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of 1K?
Kumar Sangeetesh is the current CEO of 1K. They have also founded this company.
Is 1K a funded company?
1K is a funded company, having raised a total of $43.58M across 7 funding rounds to date. The company's 1st funding round was a Series B of $25.9M, raised on Apr 17, 2019.
How many employees does 1K have?
As of Apr 03, 2024, the latest employee count at 1K is 152.
What is the annual revenue of 1K?
Annual revenue of 1K is $26.85M as on Mar 31, 2023.
What does 1K do?
Founded in 2018 and based in Gurugram, India, the company operates in the retail technology sector. A distribution system and in-house technology platforms are offered to support grocery stores. Services encompass branding, store infrastructure upgrades, merchandising, pricing communication, billing processes, real-time inventory management, promotions, and business dashboards for operational oversight.
Who are 1K's investors?
1K has 58 investors. Key investors include Kae Capital, 1Crowd, Beacon Trusteeship, Kael Opportunities Fund, and Alpha Wave Global.
What is 1K's valuation?
The valuation of 1K is $40.03M as of Aug 2023.
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