About Boxx.ai
Boxx.ai is a Retail company based in Bengaluru (India) founded in 2016, and was acquired by Netcore in November 2019. AI-based personalization solutions are offered for e-commerce platforms. It operates in the Retail and Technology sectors. Boxx.ai has raised $778.72 thousand across 3 funding rounds from investors including Unicorn India Ventures, Venky Krishnakumar and Venky Krishnakumar. Boxx.ai was last valued at $2.78 million in April 2018. Its Indian entity Aiboxx Solutions Private Limited reported revenue of ₹33.9 Lakh. Boxx.ai offers products and services including Personalized Product Recommendations, Category Page Reordering, Recommendation Widgets, Personal Boutique, and Personalized Ads. Its focus areas include E-Commerce Enablers, Customer Experience Management, Personalization and Recommendations.
Company details
Boxx.ai was founded in 2016 and is headquartered in Bengaluru, India. AI and machine learning technologies are utilized by the company to deliver personalization solutions for e-commerce businesses. Conversion rates are enhanced through recommendations of similar products, trending items, cross-selling options, and targeted ads. Integration is supported with platforms such as Shopify, Magento, and WooCommerce, drawing on diverse data sources for relevance.
- Annual Revenue₹33.9 Lakh
FY 2021 · -79% YoY
- Net Profit₹30 Lakh
FY 2021 · 88% margin
- EBITDA₹31.3 Lakh
FY 2021 · 92% margin
- Total Equity Funding$778.72K (USD)
in 3 rounds
- Latest Funding Round$149.77K (USD), Seed
Apr 2018
- InvestorsUnicorn India Ventures
& 5 more
- Acquired byNetcore
(Nov 2019)
Associated legal entities of Boxx.ai
Boxx.ai operates through Aiboxx Solutions Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Aiboxx Solutions Private Limited CIN U72200KA2016PTC095383 | Amalgamated | 29 Jul 2016 | Bangalore, Karnataka | ₹0.3 Cr | 3 | View details |
Products & Services of Boxx.ai
Boxx.ai offers a comprehensive portfolio of products and services, including Personalized Product Recommendations, Category Page Reordering, Recommendation Widgets, Personal Boutique, and Personalized Ads.
Provides tailored product suggestions to increase user engagement and conversions.
Reorders products based on user preferences for better conversion rates.
Displays contextual content to enhance click-through rates on e-commerce sites.
Curates personalized product lists for individual users to facilitate purchases.
Delivers targeted ads on platforms like Facebook for improved customer acquisition.
Funding Insights of Boxx.ai
Boxx.ai has successfully raised a total of $778.72K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $149.77 thousand completed in April 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.
- Total Funding $778,720
- Total Rounds 3
- Last Round Seed — $149,774
- First Round $128,946
(Dec 2016)
- Investors Count 5
All 3 funding rounds of Boxx.ai 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 |
|---|---|---|---|---|---|
| Apr 2018 | $149,774 | Seed | $2.78M | Unicorn India Ventures | |
| Jun 2017 | $500,000 | Seed | $2.39M | Unicorn India Ventures | |
| Dec 2016 | $128,946 | Angel Round | $••••• | Venky Krishnakumar, Venky Krishnakumar | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2018 | $2.78M | •••••••• |
| Jun 2017 | $2.39M | •••••••• |
| Dec 2016 | $••••• | •••••••• |
Full valuation and stage history of Boxx.ai
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 $2.78M (Apr 2018). 6 investors in total: 2 institutional and 4 angel.
Investors in Boxx.ai
Boxx.ai has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Unicorn India Ventures, Venky Krishnakumar and Venky Krishnakumar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm offering seed funding and support to startups in technology and innovation sectors. | 2014 | unicornivc.com | Mumbai, India | |
AI-based marketing automation platform | netcore.in | Mumbai, India | ||
VK Venky Krishnakumar | unknown_2bb2748753464588b | |||
VK Venky Krishnakumar | unknown_65384be8fc334f398 | |||
SV Suresh V Shankar | Founder of Crayon Data, serial entrepreneur, and active angel investor | unknown_99c84dd6ce8d42d38 | ||
VA Vivek Amarnath Bhargava | Angel investor, ex-CEO of DAN Performance Group, digital marketing pioneer | unknown_8f35cb6781294eb38 |
Investor details for Boxx.ai
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Board of directors of Aiboxx Solutions Private Limited (Boxx.ai)
Aiboxx Solutions Private Limited is the primary company behind Boxx.ai. The board of Aiboxx Solutions Private Limited currently have 3 directors; the longest-serving is Ajay Kashyap, appointed in 2016. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajay Kashyap DIN 07562357 | Director | 29 Jul 2016 | 10 yrs 2 mo | Aiboxx Solutions Private Limited |
| Bhavana Rajesh Jain DIN 00105522 | Director | 29 Nov 2019 | 6 yrs 10 mo | Aiboxx Solutions Private Limited |
| Rajesh Chandanmal Jain DIN 00103150 | Director | 29 Nov 2019 | 6 yrs 10 mo | Aiboxx Solutions Private Limited |
Financials of Boxx.ai
Figures of Aiboxx Solutions Private Limited, the primary company behind Boxx.ai, for FY 2021. Revenue was ₹33.9 Lakh (-79% year on year). Net profit was ₹30 Lakh (88% margin). EBITDA was ₹31.3 Lakh (92% margin). Revenue has grown at a compounded annual rate of +2% over three years.
- ₹33.9 LakhRevenue · FY 2021 · -79% YoY
- ₹30 LakhNet profit · 88% margin
- ₹31.3 LakhEBITDA · 92% margin
- ₹1.5 LakhPaid-up capital
- +2%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Aiboxx Solutions Private Limited are on its company page.
Detailed financial statements for Boxx.ai
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Boxx.ai
5 dated milestones of Boxx.ai across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Boxx.ai is founded.
- Funding First funding round of $129K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $150K.
- Exit Acquired by Netcore.
Web traffic of Boxx.ai
The website of Boxx.ai (boxx.ai) receives about 1.6K visits a month.
- Monthly visits1.6K
▲ 171.1% vs previous month
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Boxx.ai (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 142.34 M | USD 32.66 M | 711 |
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Related news about Boxx.Ai
Complete news archive for Boxx.ai
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Frequently Asked Questions about Boxx.ai
Boxx.ai was founded in 2016.
Boxx.ai is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Boxx.ai is a funded company, having raised a total of $778.72K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $128.95K, raised on Dec 2016.
The primary company behind Boxx.ai, Aiboxx Solutions Private Limited, reported revenue of ₹33.9 Lakh for FY 2021, down 79% year on year.
Boxx.ai was founded in 2016 and is headquartered in Bengaluru, India. AI and machine learning technologies are utilized by the company to deliver personalization solutions for e-commerce businesses. Conversion rates are enhanced through recommendations of similar products, trending items, cross-selling options, and targeted ads. Integration is supported with platforms such as Shopify, Magento, and WooCommerce, drawing on diverse data sources for relevance.
Boxx.ai offers Personalized Product Recommendations, Category Page Reordering, Recommendation Widgets, Personal Boutique, and Personalized Ads.
Boxx.ai has 6 investors. Key investors include Unicorn India Ventures, Venky Krishnakumar, Venky Krishnakumar, Suresh V Shankar, and Vivek Amarnath Bhargava.
The valuation of Boxx.ai is $2.78M as of Apr 2018.
Boxx.ai operates through Aiboxx Solutions Private Limited.
Yes. Boxx.ai was acquired by Netcore in November 2019.
The legal entities of Boxx.ai currently have 3 directors, including Bhavana Rajesh Jain, Ajay Kashyap, Rajesh Chandanmal Jain.