About AbeRuk
AbeRuk is a Media & Entertainment company based in Bengaluru (India) founded in 2015 by Sidharth Kumar. New and used books are traded on an online marketplace. AbeRuk has raised $30.11 thousand across 1 funding round from investors including Swastika Co. AbeRuk was last valued at $169.32 thousand in March 2016. Its focus areas include Book Tech, Book Retail and Marketplace. Its legal entity in India is Quarto India Internet Private Limited (U72300BR2015PTC023427). Its competitors include BucketBolt, BookMafiya and Backbenchers Online; 1 of its 3 listed competitors has raised funding.
Company details
AbeRuk was founded in 2015 in Bengaluru, India, as an online marketplace where new and used books are bought and sold. Sellers such as wholesalers, second-hand retailers, individuals, and publishers are onboarded following quality checks. A 10-12 margin is applied to used book sales, while 20-22 is charged on new books. Over 100,000 titles are offered through partnerships with 200 sellers and 700 publishers under a distributor model.
- Headquarters Bengaluru, India
- Founders Sidharth Kumar
- SectorsMedia & Entertainment
- Website aberuk.com
- Social LinkedIn
- Legal Name Quarto India Internet Private Limited
- Date of Incorporation 05 Jan, 2015
- Jurisdiction Patna, Bihar, India
- Annual Revenue₹2,486
FY 2016
- Net Loss-₹2 Lakh
FY 2016 · -8075% margin
- EBITDA-₹1.4 Lakh
FY 2016 · -5737% margin
- Total Equity Funding$30.11K (USD)
in 1 rounds
- Latest Funding Round$30.11K (USD), Seed
Mar 2016
- Investors
Associated legal entities of AbeRuk
AbeRuk operates through Quarto India Internet Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2016) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Quarto India Internet Private Limited CIN U72300BR2015PTC023427 | Active | 05 Jan 2015 | Patna, Bihar | ₹0.0 Cr | 2 | View details |
Funding Insights of AbeRuk
AbeRuk has successfully raised a total of $30.11K through 1 strategic funding round. The most recent funding activity was a Seed round of $30.11 thousand completed in March 2016. 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 $30,106
- Total Rounds 1
- Last Round Seed — $30,106
- First Round $30,106
(Mar 2016)
- Investors Count 1
All 1 funding rounds of AbeRuk 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 |
|---|---|---|---|---|---|
| Mar 2016 | $30,106 | Seed | $169,318 | Swastika | – |
Last known valuation $169,318 (Mar 2016). 1 investors in total: 1 institutional.
Investors in AbeRuk
AbeRuk has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Swastika Co.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Indian technology startups are invested in by Swastika VC firm. | swastikaco.com | Tsim Sha Tsui, China |
Investor details for AbeRuk
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Quarto India Internet Private Limited (AbeRuk)
Quarto India Internet Private Limited is the primary company behind AbeRuk. The board of Quarto India Internet Private Limited currently have 2 directors; the longest-serving is Sidharth Kumar, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sidharth Kumar DIN 06806457 | Director | 05 Jan 2015 | 11 yrs 9 mo | Quarto India Internet Private Limited |
| Anita Jha DIN 08213496 | Additional Director | 03 Sep 2018 | 8 yrs 1 mo | Quarto India Internet Private Limited |
People of AbeRuk
1 people are tracked at AbeRuk (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for AbeRuk
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of AbeRuk
Figures of Quarto India Internet Private Limited, the primary company behind AbeRuk, for FY 2016. Revenue was ₹2,486. Net loss was -₹2 Lakh (-8075% margin). EBITDA was -₹1.4 Lakh (-5737% margin).
- ₹2,486Revenue · FY 2016
- -₹2 LakhNet loss · -8075% margin
- -₹1.4 LakhEBITDA · -5737% margin
- ₹1.2 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Quarto India Internet Private Limited are on its company page.
Detailed financial statements for AbeRuk
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of AbeRuk
2 dated milestones of AbeRuk across 1 years, from founding to its latest funding, stage changes and deals.
- Founded AbeRuk is founded.
- Funding First funding round of $30K.
Competitors of AbeRuk
AbeRuk has 3 listed competitors in our database, 1 of them funded. They include BucketBolt, BookMafiya and Backbenchers Online.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bucketbolt.com | 2010 | Mumbai, India | $10,549 | Operates a marketplace platform for buying and selling university textbooks. | ||
| bookmafiya.com | 2018 | Delhi, India | Online platform for buying new, old, and second-hand books at low rates. | |||
| backbenchersonline.in | 2018 | India | Books are bought and sold via an online platform. |
Detailed competitors of AbeRuk
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Book & Digital Reading Platforms
3 companies that operate in the same segment as AbeRuk (Book & Digital Reading Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
An audio streaming platform for series and stories is operated. | 2018 | Bengaluru, Karnataka, India | USD 196.68 M | USD 30.62 M | 1,044 | |
Platform connecting readers and writers, offering digital literature in multiple languages | 2014 | Bengaluru, Karnataka, India | USD 92.65 M | USD 6.84 M | 162 | |
Audiobooks and stories in multiple Indian languages are provided. | 2018 | Mumbai, Maharashtra, India | USD 122.32 M | USD 12.17 M | 310 |
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Related news about Aberuk
Complete news archive for AbeRuk
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Frequently Asked Questions about AbeRuk
AbeRuk was founded in 2015 and raised its 1st funding round 1 year after it was founded.
AbeRuk is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
AbeRuk is a funded company, having raised a total of $30.11K across 1 funding round to date. The company's 1st funding round was a Seed of $30.11K, raised on Mar 2016.
The primary company behind AbeRuk, Quarto India Internet Private Limited, reported revenue of ₹2,486 for FY 2016.
AbeRuk was founded in 2015 in Bengaluru, India, as an online marketplace where new and used books are bought and sold. Sellers such as wholesalers, second-hand retailers, individuals, and publishers are onboarded following quality checks. A 10-12 margin is applied to used book sales, while 20-22 is charged on new books. Over 100,000 titles are offered through partnerships with 200 sellers and 700 publishers under a distributor model.
AbeRuk's top competitors include Backbenchers Online, BookMafiya and BucketBolt.
AbeRuk has 1 investor. Key investors include Swastika Co.
The valuation of AbeRuk is $169.32K as of Mar 2016.
AbeRuk operates through Quarto India Internet Private Limited.
The legal entities of AbeRuk currently have 2 directors, including Anita Jha, Sidharth Kumar.