About Boonbox
Boonbox is a Retail company based in Chennai (India) founded in 2011 by Harihara Sharma Narayanan and Ramachandran Ramanathan. Provider of purchase assistant for rural customers. Boonbox has raised $7.37 million across 8 funding rounds from investors including Pinnacle Industries, Ventureast and Orios Venture Partners. The company has 3 employees. Boonbox was last valued at $3.76 million in January 2020. Its chief executive, as recorded, is Ramachandran Ramanathan. Its Indian entity Inthree Access Services Private Limited reported revenue of ₹80.4 Lakh. Boonbox offers products and services including Boonbox Platform. Its focus areas include Rural Ecommerce, B2C Ecommerce, Assisted E Commerce and Digital Kiosk. Its competitors include Dukanline India, Bazoki and iStreet Bazaar.
Company details
Boonbox was founded in 2011 in Chennai, India, focusing on rural e-commerce. A multilingual platform is offered for B2C and B2B customers, covering products such as electronics, appliances, clothing, furniture, and sports items. Agents are stationed in rural kiosks to collect product demands, facilitate orders through a mobile system, and manage processes including discovery, selection, transactions, delivery, and returns. Operations target rural areas across India.
- Headquarters Chennai, India
- Employees 3
- Founders Harihara Sharma Narayanan, Ramachandran Ramanathan
- Stage Minicorn
- SectorsRetail
- Website boonbox.com
- Social LinkedIn X Facebook
- Legal Name Inthree Access Services Private Limited
- Date of Incorporation 15 Mar, 2013
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹80.4 Lakh
FY 2024 · +57% YoY
- Net Profit₹49.4 Lakh
FY 2024 · 61% margin
- EBITDA₹49.4 Lakh
FY 2024 · 61% margin
- Total Equity Funding$7.37M (USD)
in 8 rounds
- InvestorsPinnacle Industries
& 88 more
- Employee Count3
Associated legal entities of Boonbox
Boonbox operates through Inthree Access Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Inthree Access Services Private Limited CIN U52100TN2013PTC090074 | Active | 15 Mar 2013 | Chennai, Tamil Nadu | ₹0.8 Cr | 3 | 3 | View details |
Products & Services of Boonbox
Boonbox offers a comprehensive portfolio of products and services, including Boonbox Platform.
Platform for delivering various products to rural consumers
Funding Insights of Boonbox
Boonbox has successfully raised a total of $7.37M across 8 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 $7.37M
- Total Rounds 8
- First Round $438,709
(Sep 2014)
- Investors Count 89
All 8 funding rounds of Boonbox 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 2022 | Angel Round | – | Rajan Gupta | – | |
| Jan 2020 | $946,947 | Series A | $3.76M | Rajan Gupta | |
| Aug 2019 | $1.34M | Series A | $2.82M | – | |
| Jul 2018 | $3.63M | Series A | $••••• | Ventureast | |
| Sep 2017 | $549,347 | Seed | $••••• | Kubos, Atma Ram Properties | |
| Aug 2016 | $368,835 | Seed | $••••• | Rajan Gupta | |
| Aug 2015 | $91,632 | Seed | $••••• | Splice Capital, Pragnya | |
| Sep 2014 | $438,709 | Seed | $••••• | Indian Angel Network, Atma Ram Properties |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2020 | $3.76M | •••••••• |
| Aug 2019 | $2.82M | •••••••• |
| Jul 2018 | $••••• | •••••••• |
| Sep 2017 | $••••• | •••••••• |
| Aug 2016 | $••••• | •••••••• |
| Aug 2015 | $••••• | •••••••• |
| Sep 2014 | $••••• | •••••••• |
Full valuation and stage history of Boonbox
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $3.76M (Jan 2020). 89 investors in total: 17 institutional and 72 angel.
Investors in Boonbox
Boonbox has secured backing from 89 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Pinnacle Industries, Ventureast and Orios Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on diversified sectors | Chennai, India | |||
Venture capital investments in technology, healthcare, and clean environment sectors since 1997. | 1997 | ventureast.net | Bengaluru, India | |
Venture capital firm focused on early-stage investments | 2013 | oriosvp.com | Mumbai, India | |
Angel investor network investing in early-stage startups | iangroup.vc | Delhi, India | ||
Provision of venture capital and expertise in Agriculture, Education, Healthcare, and High Tech sectors in India. | 2010 | splicecapital.com | Hyderabad, India | |
Angel network focused on India, Singapore, and U.S based companies | sgan.sg | Singapore, Singapore | ||
Early stage investments are made in innovative Indian startups. | 2006 | indianangelnetwork.com | New Delhi, India | |
Film distribution for cinemas is managed by Shringar Films. | 1975 | shringar.co.in | Mumbai, India | |
End-to-end HR services are provided for business operations. | kubos.biz | Chennai, India | ||
Property services are provided in Delhi, India. | Delhi, India |
Investor details for Boonbox
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Board of directors of Inthree Access Services Private Limited (Boonbox)
Inthree Access Services Private Limited is the primary company behind Boonbox. The board of Inthree Access Services Private Limited currently have 3 directors; the longest-serving is Ramanathan Ramachandran, appointed in 2013. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ramanathan Ramachandran DIN 03012924 | Director | 15 Mar 2013 | 13 yrs 7 mo | Inthree Access Services Private Limited |
| Karthik Natarajan DIN 06546617 | Director | 20 Mar 2013 | 13 yrs 7 mo | Inthree Access Services Private Limited |
| Narayanan Harihara Sharma DIN 07492055 | Director | 15 Oct 2016 | 10 yrs | Inthree Access Services Private Limited |
People of Boonbox
3 people are tracked at Boonbox (3 in leadership); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Balasubramanian Kulathu Mani | Executive Director | Leadership |
Complete people profiles for Boonbox
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Boonbox
Figures of Inthree Access Services Private Limited, the primary company behind Boonbox, for FY 2024. Revenue was ₹80.4 Lakh (+57% year on year). Net profit was ₹49.4 Lakh (61% margin). EBITDA was ₹49.4 Lakh (61% margin). Revenue has grown at a compounded annual rate of -59% over three years and -64% over five years.
- ₹80.4 LakhRevenue · FY 2024 · +57% YoY
- ₹49.4 LakhNet profit · 61% margin
- ₹49.4 LakhEBITDA · 61% margin
- ₹1.91 CrPaid-up capital
- 3Employees (provident fund records)
- -59%Revenue CAGR, 3 years
- -64%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Inthree Access Services Private Limited are on its company page.
Detailed financial statements for Boonbox
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Boonbox
4 dated milestones of Boonbox across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Boonbox is founded.
- Funding First funding round of $439K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round,.
Competitors of Boonbox
Boonbox has 3 listed competitors in our database. They include Dukanline India, Bazoki and iStreet Bazaar.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dukanline.com | 2008 | Hyderabad, India | 18 | Assisted e-commerce platform for selling out-of-stock products | ||
| bazoki.com | 2016 | Kolkata, India | Online platform for fresh grocery ordering and delivery from local markets in Kolkata. | |||
| istreetbazaar.com | 2013 | Mumbai, India | Operates an online platform for assisted purchases in rural areas. |
Detailed competitors of Boonbox
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Top companies in Rural Ecommerce
3 companies that operate in the same segment as Boonbox (Rural Ecommerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Rural B2B e-commerce and logistics platform is operated. | 2014 | Pune, Maharashtra, India | USD 461.5 M | USD 332.54 M | 1,557 | |
Provider of fintech and agritech company to connect rural communities with urban businesses | 2012 | Hyderabad, Telangana, India | USD 19.86 M | USD 126.44 M | 24 | |
Provider of B2B procurement platform for grocery retailers | 2015 | Indore, Madhya Pradesh, India | USD 59.21 M | USD 57.01 M | 379 |
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Related news about Boonbox
Complete news archive for Boonbox
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Frequently Asked Questions about Boonbox
Boonbox was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Boonbox is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Ramachandran Ramanathan is the CEO of Boonbox, as recorded in our data. They have also founded this company.
Boonbox is a funded company, having raised a total of $7.37M across 8 funding rounds to date. The company's 1st funding round was a Seed of $438.71K, raised on Sep 2014.
Boonbox has 3 employees.
The primary company behind Boonbox, Inthree Access Services Private Limited, reported revenue of ₹80.4 Lakh for FY 2024, up 57% year on year.
Boonbox was founded in 2011 in Chennai, India, focusing on rural e-commerce. A multilingual platform is offered for B2C and B2B customers, covering products such as electronics, appliances, clothing, furniture, and sports items. Agents are stationed in rural kiosks to collect product demands, facilitate orders through a mobile system, and manage processes including discovery, selection, transactions, delivery, and returns. Operations target rural areas across India.
Boonbox's top competitors include Dukanline India, iStreet Bazaar and Bazoki.
Boonbox offers Boonbox Platform.
Boonbox has 89 investors. Key investors include Pinnacle Industries, Ventureast, Orios Venture Partners, Shringar Films, and GCK Financial Group.
The valuation of Boonbox is $3.76M as of Jan 2020.
Boonbox operates through Inthree Access Services Private Limited.