About Blox
Blox is a company based in Mumbai (India) founded in 2020 by Shivani Karia and Aditya Jhaveri.. Blox has raised $14 million across 2 funding rounds from investors including Kunal Shah and Justin Mateen. The company has 329 employees as of April 09, 2024. Blox has completed 2 acquisitions, including Justo and Plinthstone. Blox operates in a competitive market with competitors including Redfin, QuintoAndar, Square Yards, Compass and PropTiger, among others.
- Headquarter Mumbai, India
- Employees 329 as on 09 Apr, 2024
- Founders Shivani Karia, Aditya Jhaveri
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Method And Madness Technology Private Limited
- Date of Incorporation 20 Oct, 2020
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$727.84 K (USD)0as on Mar 31, 2022
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Net Profit
$-433.38 K (USD)-922.28as on Mar 31, 2022
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EBITDA
$-424.8 K (USD)-904.15as on Mar 31, 2022
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Total Equity Funding
$14 M (USD)
in 2 rounds
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Latest Funding Round
$12 M (USD), Series A
Dec 01, 2022
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Investors
& 1 more
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Employee Count
329
as on Apr 09, 2024
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Investments & Acquisitions
Justo
& 1 more
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Funding Insights of Blox
Blox has successfully raised a total of $14M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in December 2022. 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 Total Funding
- Total Rounds 2
- Last Round Series A — $12.0M
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First Round
First Round
(11 Feb 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - Blox | Valuation |
investors |
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| Feb, 2021 | Amount | Seed - Blox | Valuation | Justin Mateen |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Blox
Blox has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Kunal Shah and Justin Mateen. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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KS
Kunal Shah |
Founder of CRED, serial entrepreneur, and prominent Indian angel investor
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Founded Year | Domain | Location |
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JM
Justin Mateen |
Co-founder of Tinder, active angel investor in Indian startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Blox
Blox has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Justo and Plinthstone. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Digital marketing, branding, and IT services are provided by Plinthstone.
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2020 | ||||
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Real estate service organisation collaborating with developers across major markets
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Blox
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Blox Comparisons
Competitors of Blox
Blox 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 Redfin, QuintoAndar, Square Yards, Compass and PropTiger, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Residential properties are listed and brokered through an online platform.
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| domain | founded_year | HQ Location |
Rental properties are brokered online for seekers and owners.
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| domain | founded_year | HQ Location |
Technology platform for real estate transactions and mortgages is provided.
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| domain | founded_year | HQ Location |
Online brokerage for residential properties is facilitated via mobile apps.
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| domain | founded_year | HQ Location |
A platform for residential property buying is facilitated by PropTiger.
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| domain | founded_year | HQ Location |
App-based brokerage services for residential property sales are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Blox
Frequently Asked Questions about Blox
When was Blox founded?
Blox was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Blox located?
Blox is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Blox?
Aditya Jhaveri is the current CEO of Blox. They have also founded this company.
Is Blox a funded company?
Blox is a funded company, having raised a total of $14M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Feb 11, 2021.
How many employees does Blox have?
As of Apr 09, 2024, the latest employee count at Blox is 329.
What is the annual revenue of Blox?
Annual revenue of Blox is $727.84K as on Mar 31, 2022.
What does Blox do?
Blox was founded in 2020 in Mumbai, India, within the real estate sector. A digital platform is operated to support residential property sales and associated services. Property discovery, virtual tours, and listings of new and upcoming projects are facilitated. Tools for filtering by property type and construction status are provided. Additional resources, including blog posts and an EMI calculator, are offered to users.
Who are the top competitors of Blox?
Blox's top competitors include Square Yards, QuintoAndar and Redfin.
How many acquisitions has Blox made?
Blox has made 2 acquisitions, including Justo, and Plinthstone.
Who are Blox's investors?
Blox has 2 investors. Key investors include Kunal Shah, and Justin Mateen.
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