About 1K
1K is a Retail company based in Gurugram (India) founded in 2018 by Kumar Sangeetesh, Abhishek Halder, and Sachin Sharma. It operates as a platform offering retail store aggregating solution for grocery stores. 1K has raised $43.58 million across 7 funding rounds from investors including Kae Capital, 1Crowd and Beacon Trusteeship. The company has 152 employees. 1K was last valued at $40.03 million in August 2023. Its chief executive is Kumar Sangeetesh. Its Indian entity Odicea Distribution Technologies Private Limited reported revenue of ₹223 Cr. Its focus areas include In Store Retail Tech, Retail Store Aggregator, Food and Agriculture Tech and Online Grocery. Its competitors include Vilcart, Frendy, ShopX, eSamudaay and StoreKing and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Gurugram, India
- Employees 152
- Founders Kumar Sangeetesh, Abhishek Halder, Sachin Sharma
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Website 1knetworks.com
- Social LinkedIn Facebook
- Legal Name Odicea Distribution Technologies Private Limited
- Date of Incorporation 14 Dec, 2018
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹223 Cr
FY 2023 · +164% YoY
- Net Loss-₹183 Cr
FY 2023 · -82% margin
- EBITDA-₹171 Cr
FY 2023 · -77% margin
- Total Equity Funding$43.58M (USD)
in 7 rounds
- Latest Funding Round$1.93M (USD), Series B
Aug 2023
- InvestorsKae Capital
& 57 more
- Employee Count152
Associated legal entities of 1K
1K is associated with 3 registered companies on The Company Check; the primary company is Odicea Distribution Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Odicea Distribution Technologies Private Limited CIN U52599DL2018PTC343068 | Active | 14 Dec 2018 | New Delhi, Delhi | ₹223 Cr | 152 | 4 | View details |
| Wekray Technologies Private Limited CIN U72900HR2022PTC108066 | Active | 30 Nov 2022 | Gurgaon, Haryana | – | – | 3 | View details |
| 1K Platforms Private Limited CIN U74999HR2022PTC103481 | Active | 10 May 2022 | Gurugram, Haryana | – | – | 3 | View details |
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 $43.58M
- Total Rounds 7
- Last Round Series B — $1.93M
- First Round $588,312
(Apr 2019)
- Investors Count 58
All 7 funding rounds of 1K with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2023 | $1.93M | Series B | $40.03M | – | |
| May 2023 | $4M | Series B | $37.5M | Alpha Wave Global | |
| Apr 2022 | $25.9M | Series B | $••••• | Alpha Wave Global | |
| Dec 2021 | $2.65M | Series A | $••••• | – | |
| Aug 2021 | $7M | Series A | $••••• | Alpha Wave Global, Info Edge Ventures | |
| Aug 2020 | $1.5M | Seed | $••••• | Kae Capital | |
| Apr 2019 | $588,312 | Seed | $••••• | Kae Capital |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2023 | $40.03M | •••••••• |
| May 2023 | $37.5M | •••••••• |
| Apr 2022 | $••••• | •••••••• |
| Dec 2021 | $••••• | •••••••• |
| Aug 2021 | $••••• | •••••••• |
| Aug 2020 | $••••• | •••••••• |
| Apr 2019 | $••••• | •••••••• |
Full valuation and stage history of 1K
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $40.03M (Aug 2023). 58 investors in total: 12 institutional and 46 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on multiple sectors | – | kaelopportunitiesfund.tcc.mode | Mumbai, India | |
Venture capital firm focused on growth-stage companies | – | alphawaveglobal.com | New York, United States | |
Venture capital firm backed by Info Edge and Temasek | – | infoedgeventures.in | Noida, India | |
Early-stage investing in tech startups in India. | 2011 | kae-capital.com | Mumbai, India | |
Venture capital seed round investment in fintech startup | – | infimomentumventure.tcc.mode | Bengaluru, India | |
Series-B investments in technology companies are provided by Elite Zilla. | – | elitezilla.tcc.mode | Sahibzada Ajit Singh Nagar, India | |
Early-stage companies are targeted for series-stage venture capital investments. | – | kalystacapital.tcc.mode | - | |
Private equity investments in Europe are managed by the firm. | – | bluewolfcapital.com | New York, United States | |
Trusteeship services are provided in the financial sector since 2015. | 2015 | beacontrustee.co.in | Mumbai, India | |
- | – | rmgholding.tcc.mode | - |
Investor details for 1K
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Board of directors of Odicea Distribution Technologies Private Limited (1K)
Odicea Distribution Technologies Private Limited is the primary company behind 1K. The boards of the 3 registered companies of 1K currently have 3 directors; the longest-serving is Abhishek Halder, appointed in 2018. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhishek Halder DIN 08304561 | Director | 14 Dec 2018 | 7 yrs 10 mo | Odicea Distribution Technologies Private Limited, Wekray Technologies Private Limited, 1K Platforms Private Limited |
| Sachin Sharma DIN 08304562 | Director | 14 Dec 2018 | 7 yrs 10 mo | Odicea Distribution Technologies Private Limited, Wekray Technologies Private Limited, 1K Platforms Private Limited |
| Sangeetesh Kumar DIN 07662328 | Director | 14 Dec 2018 | 7 yrs 10 mo | Odicea Distribution Technologies Private Limited, Wekray Technologies Private Limited, 1K Platforms Private Limited |
People of 1K
13 people are tracked at 1K (3 in leadership, 10 in team); the tracked headcount is 152.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & COO | Leadership | |
Utkarsh Rana | Senior Executive | Team |
Vivek Tiwari | Transport Specialist | Team |
Ravinder Yadav | Territory Sales Manager | Team |
Paramjit Singh | Training AND Quality LEAD | Team |
Niharika Sharma | Senior Associate- Human Resources | Team |
Shankar Gaur | Territory Sales Manager | Team |
Adhiraj Singh Chauhan | Software Engineer | Team |
Suhaas Vaddi | Founders Office - Strategy & New Initiatives | Team |
Sagar Kapoor | Associate Manager- Strategic Planning | Team |
Nitin Nagar | Supply Chain | Team |
Complete people profiles for 1K
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Financials of 1K
Figures of Odicea Distribution Technologies Private Limited, the primary company behind 1K, for FY 2023. Revenue was ₹223 Cr (+164% year on year). Net loss was -₹183 Cr (-82% margin). EBITDA was -₹171 Cr (-77% margin). Revenue has grown at a compounded annual rate of +209% over three years.
- ₹223 CrRevenue · FY 2023 · +164% YoY
- -₹183 CrNet loss · -82% margin
- -₹171 CrEBITDA · -77% margin
- ₹3.7 LakhPaid-up capital
- 152Employees (provident fund records)
- +209%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Odicea Distribution Technologies Private Limited are on its company page.
Detailed financial statements for 1K
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of 1K
4 dated milestones of 1K across 5 years, from founding to its latest funding, stage changes and deals.
- Founded 1K is founded.
- Funding First funding round of $588K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $1.9M.
Competitors of 1K
1K has 9 listed competitors in our database, 8 of them funded. They include Vilcart, Frendy, ShopX, eSamudaay and StoreKing, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vilcart.in | 2018 | Bengaluru, India | $31.38M | 1,214 | Tech-enabled logistics solutions are provided for rural retailers in India. | |
| frendy.in | 2019 | Ahmedabad, India | $6.33M | 29 | Digitized convenience store network solutions for retailers | |
| shopx.in | 2015 | Bengaluru, India | $78.71M | 47 | Provider of a cashback and rewards platform for local store purchases | |
| esamudaay.com | 2020 | Bengaluru, India | $1.71M | 10 | Retail store aggregation solutions are provided for local businesses. | |
| storeking.in | 2012 | Bengaluru, India | $50.84M | 114 | Online supermarket services are provided to small-town retailers. | |
| gullynetwork.com | 2019 | Bengaluru, India | $63.71M | 43 | Gully Network provides comprehensive omnichannel solutions for retail stores. | |
| kiranaking.com | 2017 | Jaipur, India | $3.31M | 69 | Packaged grocery staples are supplied via an online platform. | |
| aibianli.cn | 2012 | Zhengzhou, China | $60.16M | – | Delivers comprehensive retail store aggregation solutions for businesses. | |
| truekirana.com | 2016 | Navi Mumbai, India | – | – | Operates an app-based platform aggregating grocery stores for convenient shopping. |
Detailed competitors of 1K
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Top companies in Autonomous & In-Store Retail Tech
10 companies that operate in the same segment as 1K (Autonomous & In-Store Retail Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | 4,683 | |
Point-of-sale financing is facilitated via an online platform for retailers. | 2016 | Los Angeles, California, United States | USD 158.63 M | – | 576 | |
App-based bookkeeping solutions are offered for small business management. | 2018 | Bengaluru, Karnataka, India | USD 186.62 M | USD 165.88 K | – | |
POS solutions are provided for retail businesses. | 2009 | San Francisco, California, United States | USD 519.75 M | USD 24.19 B | 6,214 | |
Provider of cloud-based POS software solutions for businesses and service providers | 1999 | San Francisco, California, United States | USD 923 M | – | 2,684 | |
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 | |
Point-of-sale financing is enabled for installment purchases at partnered retailers. | 2016 | Minneapolis, Minnesota, United States | USD 17.51 M | USD 450.28 M | 408 | |
Loyalty management solutions are provided for offline retail stores. | 2012 | San Francisco, California, United States | USD 23.1 M | – | 23 | |
Mobile apps enable real-time retail data collection by field teams. | 2011 | Denver, Colorado, United States | USD 71 M | – | – | |
Unified platform for retail and supply chain planning is offered. | 2005 | Helsinki, Uusimaa, Finland | USD 816.41 M | USD 247.75 M | 2,302 |
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Frequently Asked Questions about 1K
1K was founded in 2018 and raised its 1st funding round 1 year after it was founded.
1K is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Kumar Sangeetesh is the current CEO of 1K. They have also founded this 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 Seed of $588.31K, raised on Apr 2019.
1K has 152 employees.
The primary company behind 1K, Odicea Distribution Technologies Private Limited, reported revenue of ₹223 Cr for FY 2023, up 164% year on year.
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.
1K has 58 investors. Key investors include Kae Capital, 1Crowd, Beacon Trusteeship, Kael Opportunities Fund, and Alpha Wave Global.
The valuation of 1K is $40.03M as of Aug 2023.
1K is associated with 3 legal entities: Odicea Distribution Technologies Private Limited, Wekray Technologies Private Limited, 1K Platforms Private Limited.
The legal entities of 1K currently have 4 directors, including Abhishek Halder, Sachin Sharma, Nitin Kumar and others.