About 6Degree
6Degree is a Retail company based in Bengaluru (India) founded in 2014 by Nikhil Berger and Nikhil Hegde. End-to-end e-commerce solutions are provided for lifestyle retail brands. It operates in the Retail and Technology sectors. 6Degree has raised $4.06 million across 9 funding rounds from investors including 1Crowd, Appyhigh and SucSEED. The company has 72 employees. 6Degree was last valued at $10.86 million in May 2023. Its chief executive, as recorded, is Nikhil Hegde. Its Indian entity Protinus Fashion Networking Private Limited reported revenue of ₹1.39 Cr. Its focus areas include Consumer, Fashion Tech, Technology Enablers and Ecommerce Software Suite.
Company details
Founded in 2014 in Bengaluru, India, 6Degree operates as an e-commerce growth enablement platform. End-to-end solutions are offered to lifestyle retail brands for managing online businesses. Services encompass marketing, sales, and operations, with assistance provided to connect brands with customers. The platform focuses on the e-commerce sector, supporting digital operations for retail entities.
- Headquarters Bengaluru, India
- Employees 72
- Founders Nikhil Berger, Nikhil Hegde
- Stage Minicorn
- SectorsRetailTechnology
- Email••••••••
- Website 6degree.co
- Social LinkedIn X Facebook
- Legal Name Protinus Fashion Networking Private Limited
- Date of Incorporation 15 Jul, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.39 Cr
FY 2024 · -74% YoY
- Net Loss-₹2.64 Cr
FY 2024 · -190% margin
- EBITDA-₹2.32 Cr
FY 2024 · -167% margin
- Total Equity Funding$4.06M (USD)
in 9 rounds
- Latest Funding Round$182.31K (USD), Series A
May 2023
- Investors1Crowd
& 52 more
- Employee Count72
Associated legal entities of 6Degree
6Degree operates through Protinus Fashion Networking Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Protinus Fashion Networking Private Limited CIN U74140KA2015PTC081589 | Active | 15 Jul 2015 | Bangalore, Karnataka | ₹1.4 Cr | 72 | 2 | View details |
Funding Insights of 6Degree
6Degree has successfully raised a total of $4.06M across 9 strategic funding rounds. The most recent funding activity was a Series A round of $182.31 thousand completed in May 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 $4.06M
- Total Rounds 9
- Last Round Series A — $182,312
- First Round $24,791
(Nov 2015)
- Investors Count 53
All 9 funding rounds of 6Degree 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 |
|---|---|---|---|---|---|
| May 2023 | $182,312 | Series A | $10.86M | Divitira Investments | |
| May 2022 | $1.01M | Seed | $10.71M | SucSEED Indovation, 1Crowd | |
| May 2021 | $1M | Seed | – | SucSEED Indovation, Keiretsu Forum | |
| Aug 2020 | $336,185 | Seed | $••••• | Keiretsu Forum | – |
| Jun 2020 | $74,923 | Seed | $••••• | SucSEED | – |
| Apr 2019 | $241,699 | Seed | – | Appyhigh | |
| Jan 2018 | $583,167 | Seed | $••••• | Jayesh Visaria, Gopal Menon | |
| Jun 2016 | $610,530 | Seed | $••••• | Hirren Turakhia, Prakash Agrawal | |
| Nov 2015 | $24,791 | Seed | – | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2023 | $10.86M | •••••••• |
| May 2022 | $10.71M | •••••••• |
| Aug 2020 | $••••• | •••••••• |
| Jun 2020 | $••••• | •••••••• |
| Jan 2018 | $••••• | •••••••• |
| Jun 2016 | $••••• | •••••••• |
Full valuation and stage history of 6Degree
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 $10.86M (May 2023). 53 investors in total: 21 institutional and 32 angel.
Investors in 6Degree
6Degree has secured backing from 53 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include 1Crowd, Appyhigh and SucSEED.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in early to growth-stage tech startups across various sectors. | 2016 | sucseed-indovation.com | Hyderabad, India | |
Angel network focused on multiple sectors | 2020 | angelbay.in | Gurugram, India | |
Venture capital and support services for startups in emerging technologies. | 2016 | sucseed.biz | Hyderabad, India | |
Private equity firm focused on multiple sectors | ||||
Accredited investors are networked for private equity funding opportunities. | 2000 | keiretsuforum.com | San Francisco, United States | |
Web application platform requiring JavaScript for services. | 2018 | appyhigh.com | Gurugram, India | |
Incubation and business acceleration services for technology startups in Goa and Mumbai. | ciba.org.in | Salcete, India | ||
Private equity firm focused on multiple sectors | ||||
Angel investor network investing in early-stage startups | iangroup.vc | Delhi, India | ||
Business angels network | 2017 | theangelnetwork.in | Ludhiana, India |
Investor details for 6Degree
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Board of directors of Protinus Fashion Networking Private Limited (6Degree)
Protinus Fashion Networking Private Limited is the primary company behind 6Degree. The board of Protinus Fashion Networking Private Limited currently have 2 directors; the longest-serving is Amit Bhardwaj, appointed in 2015. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amit Bhardwaj DIN 06578546 | Director | 15 Jul 2015 | 11 yrs 4 mo | Protinus Fashion Networking Private Limited |
| Nikhil Ramesh Hegde DIN 06578540 | Whole-time director | 15 Jul 2015 | 11 yrs 4 mo | Protinus Fashion Networking Private Limited |
People of 6Degree
3 people are tracked at 6Degree (2 in leadership, 1 in team); the tracked headcount is 72.
| Name | Role | Group |
|---|---|---|
Nikhil Berger | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
Dhruvi Mehta | Senior Manager, Strategy | Team |
Complete people profiles for 6Degree
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Verified entity values are shown only after access is granted.
Financials of 6Degree
Figures of Protinus Fashion Networking Private Limited, the primary company behind 6Degree, for FY 2024. Revenue was ₹1.39 Cr (-74% year on year). Net loss was -₹2.64 Cr (-190% margin). EBITDA was -₹2.32 Cr (-167% margin). Revenue has grown at a compounded annual rate of -47% over three years and -26% over five years.
- ₹1.39 CrRevenue · FY 2024 · -74% YoY
- -₹2.64 CrNet loss · -190% margin
- -₹2.32 CrEBITDA · -167% margin
- ₹1.79 CrPaid-up capital
- 72Employees (provident fund records)
- -47%Revenue CAGR, 3 years
- -26%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Protinus Fashion Networking Private Limited are on its company page.
Detailed financial statements for 6Degree
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of 6Degree
4 dated milestones of 6Degree across 9 years, from founding to its latest funding, stage changes and deals.
- Founded 6Degree is founded.
- Funding First funding round of $25K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $182K.
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as 6Degree (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 639.15 M | 1,031 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 144.58 M | USD 32.66 M | 711 |
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Complete news archive for 6Degree
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Frequently Asked Questions about 6Degree
6Degree was founded in 2014 and raised its 1st funding round 1 year after it was founded.
6Degree is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Nikhil Hegde is the CEO of 6Degree, as recorded in our data. They have also founded this company.
6Degree is a funded company, having raised a total of $4.06M across 9 funding rounds to date. The company's 1st funding round was a Seed of $24.79K, raised on Nov 2015.
6Degree has 72 employees.
The primary company behind 6Degree, Protinus Fashion Networking Private Limited, reported revenue of ₹1.39 Cr for FY 2024, down 74% year on year.
Founded in 2014 in Bengaluru, India, 6Degree operates as an e-commerce growth enablement platform. End-to-end solutions are offered to lifestyle retail brands for managing online businesses. Services encompass marketing, sales, and operations, with assistance provided to connect brands with customers. The platform focuses on the e-commerce sector, supporting digital operations for retail entities.
6Degree has 53 investors. Key investors include 1Crowd, Appyhigh, SucSEED, SucSEED Indovation, and CIBA.
The valuation of 6Degree is $10.86M as of May 2023.
6Degree operates through Protinus Fashion Networking Private Limited.
The legal entities of 6Degree currently have 2 directors, including Amit Bhardwaj, Nikhil Ramesh Hegde.