About Avenue Growth
Avenue Growth is a Technology company based in Gurugram (India) founded in 2017 by Rachit Mathur. On-demand contract sales workforce is recruited via an online marketplace. Avenue Growth has raised $550 thousand across 5 funding rounds from investors including India Accelerator, Brand Capital GSV and Ministry of Electronics & Information Technology. Avenue Growth was last valued at $2.59 million in February 2019. Its chief executive, as recorded, is Rachit Mathur. Its Indian entity Growth Skills Private Limited reported revenue of ₹65.3 Lakh. Its focus areas include Enterprise Applications, HRTech, Contract Workforce Recruitment and Talent as a Service.
Company details
Avenue Growth was founded in 2017 in Gurugram, India, as an online platform focused on the sales sector. Contract workforce recruitment is facilitated through a marketplace where sales professionals can build profiles and complete tasks for interview screening. Payroll management and hiring processes are handled digitally, connecting employers with temporary talent in the sales field.
- Headquarters Gurugram, India
- Founders Rachit Mathur
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website avenuegrowth.com
- Social LinkedIn X Facebook
- Legal Name Growth Skills Private Limited
- Date of Incorporation 28 Apr, 2017
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹65.3 Lakh
FY 2019 · +404% YoY
- Net Loss-₹1.76 Cr
FY 2019 · -270% margin
- EBITDA-₹1.76 Cr
FY 2019 · -269% margin
- Total Equity Funding$550K (USD)
in 5 rounds
- InvestorsIndia Accelerator
& 36 more
Associated legal entities of Avenue Growth
Avenue Growth is associated with 2 registered companies on The Company Check; the primary company is Growth Skills Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Growth Skills Private Limited CIN U74999HR2017PTC068843 | Active | 28 Apr 2017 | Gurgaon, Haryana | ₹0.7 Cr | 2 | View details | |
| Avgrowth Skills Private Limited CIN U74999HR2019PTC078968 | Active | 07 Mar 2019 | Gurugram, Haryana | ₹1.3 Cr | 2 | View details |
Funding Insights of Avenue Growth
Avenue Growth has successfully raised a total of $550K across 5 strategic funding rounds. 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 $549,999
- Total Rounds 5
- First Round $43,191
(Jul 2017)
- Investors Count 37
All 5 funding rounds of Avenue Growth 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 |
|---|---|---|---|---|---|
| Feb 2023 | Seed | – | India Accelerator | ||
| Sep 2021 | Seed | – | – | ||
| Feb 2019 | $70,048 | Seed | $2.59M | Atisaya Partner, Aditya Malik | |
| Jul 2018 | $436,760 | Seed | $1.97M | Avtar Monga, Brand Equity | |
| Jul 2017 | $43,191 | Seed | $••••• | Akhilesh Kumar, Haresh Jethanand Punjabi |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2019 | $2.59M | •••••••• |
| Jul 2018 | $1.97M | •••••••• |
Last known valuation $2.59M (Feb 2019). 37 investors in total: 9 institutional and 28 angel.
Investors in Avenue Growth
Avenue Growth has secured backing from 37 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include India Accelerator, Brand Capital GSV and Ministry of Electronics & Information Technology.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startup acceleration, funding, and mentorship services are delivered by India Accelerator. | 2017 | indiaaccelerator.co | Gurugram, India | |
Early-stage tech startups are funded by Iaes Ventures venture capital. | Haryana, India | |||
Multiple sectors are invested in by this single family office. | ||||
Investments in early-stage startups are made by Brand Capital. | brandcapital.co.in | Mumbai, India | ||
Startup accelerator | 2016 | bcgsv.com | Gurugram, India | |
Provider of government programs access & development services | meity.gov.in | Delhi, India | ||
AM Aditya Malik | Angel investor and entrepreneur, focused on tech startups, ex-CEO of Talenthouse India. | unknown_4d1a784526874af78 | ||
RD Ravi Didwania | unknown_c670da1a97734adb8 | |||
HS Harkaran Singh | unknown_fb989606e69943f18 |
Investor details for Avenue Growth
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Growth Skills Private Limited (Avenue Growth)
Growth Skills Private Limited is the primary company behind Avenue Growth. The boards of the 2 registered companies of Avenue Growth currently have 3 directors; the longest-serving is Rachit Mathur, appointed in 2017. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rachit Mathur DIN 03596450 | Director | 28 Apr 2017 | 9 yrs 6 mo | Growth Skills Private Limited, Avgrowth Skills Private Limited |
| Dilkash Rai Malhotra DIN 02281230 | Director | 28 Apr 2017 | 9 yrs 6 mo | Growth Skills Private Limited |
| Rashi Agarwal DIN 03600272 | Director | 15 Jul 2021 | 5 yrs 3 mo | Avgrowth Skills Private Limited |
People of Avenue Growth
1 people are tracked at Avenue Growth (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership |
Complete people profiles for Avenue Growth
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Avenue Growth
Figures of Growth Skills Private Limited, the primary company behind Avenue Growth, for FY 2019. Revenue was ₹65.3 Lakh (+404% year on year). Net loss was -₹1.76 Cr (-270% margin). EBITDA was -₹1.76 Cr (-269% margin).
- ₹65.3 LakhRevenue · FY 2019 · +404% YoY
- -₹1.76 CrNet loss · -270% margin
- -₹1.76 CrEBITDA · -269% margin
- ₹1.9 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Growth Skills Private Limited are on its company page.
Detailed financial statements for Avenue Growth
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Avenue Growth
4 dated milestones of Avenue Growth across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Avenue Growth is founded.
- Funding First funding round of $43K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed,.
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Related news about Avenue Growth
Complete news archive for Avenue Growth
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Frequently Asked Questions about Avenue Growth
Avenue Growth was founded in 2017.
Avenue Growth is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Rachit Mathur is the CEO of Avenue Growth, as recorded in our data. They have also founded this company.
Avenue Growth is a funded company, having raised a total of $550K across 5 funding rounds to date. The company's 1st funding round was a Seed of $43.19K, raised on Jul 2017.
The primary company behind Avenue Growth, Growth Skills Private Limited, reported revenue of ₹65.3 Lakh for FY 2019, up 404% year on year.
Avenue Growth was founded in 2017 in Gurugram, India, as an online platform focused on the sales sector. Contract workforce recruitment is facilitated through a marketplace where sales professionals can build profiles and complete tasks for interview screening. Payroll management and hiring processes are handled digitally, connecting employers with temporary talent in the sales field.
Avenue Growth has 37 investors. Key investors include India Accelerator, Brand Capital GSV, Ministry of Electronics & Information Technology, Iaes Ventures, and Growth Opportunities Fund.
The valuation of Avenue Growth is $2.59M as of Feb 2019.
Avenue Growth is associated with 2 legal entities: Growth Skills Private Limited, Avgrowth Skills Private Limited.
The legal entities of Avenue Growth currently have 3 directors, including Rachit Mathur, Dilkash Rai Malhotra, Rashi Agarwal.