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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- 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.
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 |
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Private equity firm focused on multiple sectors
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Venture capital firm focused on growth-stage companies
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Venture capital firm backed by Info Edge and Temasek
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Investor details for 1K
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Investments & Acquisitions by 1K
Investment portfolio details for 1K
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Financial Statements - 1K
Detailed financials for 1K
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1K Comparisons
Peer comparison for 1K
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Tech-enabled logistics solutions are provided for rural retailers in India.
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Digitized convenience store network solutions for retailers
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| Locked | Locked | Locked |
Provider of a cashback and rewards platform for local store purchases
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| Locked | Locked | Locked |
Retail store aggregation solutions are provided for local businesses.
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| Locked | Locked | Locked |
Online supermarket services are provided to small-town retailers.
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Detailed competitors of 1K
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Latest news on 1K
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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.
As of Apr 03, 2024, the latest employee count at 1K is 152.
Annual revenue of 1K is $26.85M as on Mar 31, 2023.
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.