About Bazar India
Bazar India is a Retail company based in Gurugram (India) founded in 2015 by Atul Garg and Sushil Karwa. Bazar India has raised $3.36 million across 1 funding round from investors including Planify, Shashvat Nakrani and Bhumika Srivastava. The company has 937 employees. Its Indian entity Mayasheel Retail India Limited reported revenue of ₹158 Cr. Its focus areas include Consumer Goods, Retail Chains, Fashion and Horizontal.
Company details
Retail chain of consumer products. It is offering a wide range of apparel, footwear, and general merchandise at affordable prices, targeting middle and lower-middle-income groups. It is operated with a strong focus on value and accessibility for the middle-income consumer segment.
- Headquarters Gurugram, India
- Employees 937
- Founders Atul Garg, Sushil Karwa
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website bazarindia.co.in
- Social Facebook
- Legal Name Mayasheel Retail India Limited
- Date of Incorporation 04 May, 2018
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹158 Cr
FY 2023 · -10% YoY
- Net Profit₹96.3 Lakh
FY 2023 · 1% margin
- EBITDA₹6.38 Cr
FY 2023 · 4% margin
- Total Equity Funding$3.36M (USD)
in 1 rounds
- Latest Funding Round$3.36M (USD), Series A
Dec 2021
- InvestorsPlanify
& 3 more
- Employee Count937
Associated legal entities of Bazar India
Bazar India operates through Mayasheel Retail India Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mayasheel Retail India Limited CIN U52599DL2018PLC333450 | Active | 04 May 2018 | New Delhi, Delhi | ₹158 Cr | 937 | 3 | View details |
Funding Insights of Bazar India
Bazar India has successfully raised a total of $3.36M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.36 million completed in December 2021. 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 $3.36M
- Total Rounds 1
- Last Round Series A — $3.36M
- First Round $3.36M
(Dec 2021)
- Investors Count 4
All 1 funding rounds of Bazar India 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 |
|---|---|---|---|---|---|
| Dec 2021 | $3.36M | Series A | – | Shashvat Nakrani, Bhumika Srivastava |
4 investors in total: 1 institutional and 3 angel.
Investors in Bazar India
Bazar India has secured backing from 4 investors, including angel and institutional investors. Prominent investors backing the company include Planify, Shashvat Nakrani and Bhumika Srivastava.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity marketplace for startup investments is operated. | 2017 | planify.in | Gurugram, India | |
SN Shashvat Nakrani | Co-founder of BharatPe, prominent angel investor in Indian startups | unknown_31395e6ad938445fb | ||
BS Bhumika Srivastava | unknown_a556dd633b774fed8 | |||
SM Sanjiv Maini | unknown_d8d77c5c94ac45f89 |
Investor details for Bazar India
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 Mayasheel Retail India Limited (Bazar India)
Mayasheel Retail India Limited is the primary company behind Bazar India. The board of Mayasheel Retail India Limited currently have 3 directors; the longest-serving is Sushil Kumar Karwa, appointed in 2018. 19 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sushil Kumar Karwa DIN 07024677 | Director | 04 May 2018 | 8 yrs 5 mo | Mayasheel Retail India Limited |
| Atul Garg DIN 07024683 | Managing Director | 04 May 2018 | 8 yrs 5 mo | Mayasheel Retail India Limited |
| Neha Garg DIN 08266778 | Director | 05 Nov 2020 | 5 yrs 11 mo | Mayasheel Retail India Limited |
People of Bazar India
2 people are tracked at Bazar India (2 in leadership); the tracked headcount is 937.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Bazar India
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 Bazar India
Figures of Mayasheel Retail India Limited, the primary company behind Bazar India, for FY 2023. Revenue was ₹158 Cr (-10% year on year). Net profit was ₹96.3 Lakh (1% margin). EBITDA was ₹6.38 Cr (4% margin). Revenue has grown at a compounded annual rate of -24% over three years.
- ₹158 CrRevenue · FY 2023 · -10% YoY
- ₹96.3 LakhNet profit · 1% margin
- ₹6.38 CrEBITDA · 4% margin
- ₹30.00 CrPaid-up capital
- 937Employees (provident fund records)
- -24%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Mayasheel Retail India Limited are on its company page.
Detailed financial statements for Bazar India
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 Bazar India
2 dated milestones of Bazar India across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Bazar India is founded.
- Funding First funding round of $3.4M.
Top companies in Retail Stores & Chains
2 companies that operate in the same segment as Bazar India (Retail Stores & Chains) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform offering a wide range of baby, kids, and maternity products | 2010 | Pune, Maharashtra, India | USD 513.39 M | USD 911.07 M | 3,752 | |
Multi-format offline retail is operated in India. | 1997 | Mumbai, Maharashtra, India | USD 3.41 B | USD 280.87 K | 32 |
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Frequently Asked Questions about Bazar India
Bazar India was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Bazar India is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Bazar India is a funded company, having raised a total of $3.36M across 1 funding round to date. The company's 1st funding round was a Series A of $3.36M, raised on Dec 2021.
Bazar India has 937 employees.
The primary company behind Bazar India, Mayasheel Retail India Limited, reported revenue of ₹158 Cr for FY 2023, down 10% year on year.
Retail chain of consumer products. It is offering a wide range of apparel, footwear, and general merchandise at affordable prices, targeting middle and lower-middle-income groups. It is operated with a strong focus on value and accessibility for the middle-income consumer segment.
Bazar India has 4 investors. Key investors include Planify, Shashvat Nakrani, Bhumika Srivastava, and Sanjiv Maini.
Bazar India operates through Mayasheel Retail India Limited.
The legal entities of Bazar India currently have 3 directors, including Sushil Kumar Karwa, Atul Garg, Neha Garg.