About Avenue11
Avenue11 is a company based in Bengaluru (India) founded in 2016. Avenue11 has raised $3.72 million across 1 funding round from investors including Brand Capital. The company has 1 employees as of April 07, 2024. Avenue11 operates in a competitive market with competitors including Blinkit, Bigbasket, Swiggy, Dunzo and Otipy, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 07 Apr, 2024
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Sectors
Retail
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Phone
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Website
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Social
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- Legal Name Planet11 Ecommerce Solutions India Private Limited
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.12 K (USD)-79.17as on Mar 31, 2022
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Net Profit
-$208.69 K (USD)45.09as on Mar 31, 2022
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EBITDA
-$308.75 K (USD)15.99as on Mar 31, 2022
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Total Equity Funding
$3.72 M (USD)
in 1 rounds
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Latest Funding Round
$3.72 M (USD), Seed
Sep 19, 2018
- Investors
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Employee Count
1
as on Apr 07, 2024
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Funding Insights of Avenue11
Avenue11 has successfully raised a total of $3.72M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.72 million completed in September 2018. 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 Avenue11
Avenue11 has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Brand Capital.
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Investments in early-stage startups are made by Brand Capital.
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Investor details for Avenue11
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Investments & Acquisitions by Avenue11
Investment portfolio details for Avenue11
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Financial Statements - Avenue11
Detailed financials for Avenue11
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Avenue11 Comparisons
Peer comparison for Avenue11
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Competitors of Avenue11
Avenue11 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 Blinkit, Bigbasket, Swiggy, Dunzo and Otipy, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Instant delivery of groceries and essentials is facilitated online.
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Personal and household products are delivered via an e-commerce platform.
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Food and grocery items are ordered via an online network.
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Grocery products are provided via an online digital storefront.
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Provider of online platform offering grocery, household items, cakes, and flowers
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Detailed competitors of Avenue11
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Latest news on Avenue11
Complete news archive for Avenue11
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Frequently Asked Questions about Avenue11
Avenue11 was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Avenue11 is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Nakkyun Chong is the current CEO of Avenue11.
Avenue11 is a funded company, having raised a total of $3.72M across 1 funding round to date.
As of Apr 07, 2024, the latest employee count at Avenue11 is 1.
Annual revenue of Avenue11 is $1.12K as on Mar 31, 2022.
Avenue11 was founded in 2016 in Bengaluru, India, within the e-commerce sector focused on groceries. An online platform is maintained for items including fruits, vegetables, staples, snacks, personal care products, and home essentials. Orders are placed by users through Android mobile applications or web interfaces, supporting delivery operations in the region.
Avenue11 has 1 investor. Key investors include Brand Capital.