About Cital
Cital is a company based in Vadodara (India) founded in 2022 by Deep Shah and Harshal Bhakta. Cital has raised $896.42 thousand across 2 funding rounds from investors including LetsVenture, Superb Capital and Utsav Somani Investments. The company has 1 employees as of April 06, 2024. Cital offers products and services including Cital Platform, Wood and Plywood, Safety Hardware, and Power Tools. Cital operates in a competitive market with competitors including Infra.Market, ArisInfra, Material Depot, YouKraft and Mad Over Buildings, among others.
- Headquarter Vadodara, India
- Employees 1 as on 06 Apr, 2024
- Founders Deep Shah, Harshal Bhakta
- Stage Minicorn
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Sectors
Real Estate & ConstructionRetail
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Phone
*********
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Website
*********
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Social
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- Legal Name Cital Infra Services Private Limited
- Date of Incorporation 04 Aug, 2022
- Jurisdiction Vadodara, Gujarat, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$896.42 K (USD)
in 2 rounds
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Latest Funding Round
$290.11 K (USD), Seed
May 18, 2023
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Investors
LetsVenture
& 6 more
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Employee Count
1
as on Apr 06, 2024
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Products & Services of Cital
Cital offers a comprehensive portfolio of products and services, including Cital Platform, Wood and Plywood, Safety Hardware, and Power Tools.
Online service for ordering and delivering construction materials efficiently.
Products for construction projects with fast delivery options.
Protective gear and tools for construction sites.
Electrical and manual tools for building and maintenance.
Funding Insights of Cital
Cital has successfully raised a total of $896.42K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $290.11 thousand completed in May 2023. 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 Seed — $290,112
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First Round
First Round
(12 Dec 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Seed - Cital | Valuation | Utsav Somani Investments | |
| Dec, 2022 | Amount | Seed - Cital | Valuation | Better Capital |
Investors in Cital
Cital has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include LetsVenture, Superb Capital and Utsav Somani Investments.
| Investor | Description | Founded Year | Domain | Location |
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Tech startups are invested in by the venture capital fund.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage technology companies
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Founded Year | Domain | Location | |
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Early-stage companies are invested in by Better Capital.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cital
Financial Statements - Cital
Cital Comparisons
Competitors of Cital
Cital 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 Infra.Market, ArisInfra, Material Depot, YouKraft and Mad Over Buildings, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital procurement and supply solutions for construction materials are facilitated.
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| domain | founded_year | HQ Location |
Online platform for construction materials procurement and supply is provided.
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| domain | founded_year | HQ Location |
An online platform is provided for sourcing building materials.
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| domain | founded_year | HQ Location |
Home improvement products are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Online procurement and credit for construction materials are facilitated.
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| domain | founded_year | HQ Location |
Provider of building construction raw materials, safety products, and industrial equipment
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Latest news on Cital
Frequently Asked Questions about Cital
Cital was founded in 2022.
Cital is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.
Deep Shah is the current CEO of Cital. They have also founded this company.
Cital is a funded company, having raised a total of $896.42K across 2 funding rounds to date. The company's 1st funding round was a Seed of $606.31K, raised on Dec 12, 2022.
As of Apr 06, 2024, the latest employee count at Cital is 1.
Cital was established in 2022 in Vadodara, India, as a digital platform focused on the construction sector. Safety equipment such as shoes, ear protectors, masks, face shields, and fire blankets is offered to users. Orders are facilitated by submitting location, personal details, and payment information. Operations center on e-commerce delivery within the Indian market, supporting building material procurement.
Cital's top competitors include Infra.Market, ArisInfra and Headsup B2B.
Cital offers Cital Platform, Wood and Plywood, Safety Hardware, and Power Tools.
Cital has 7 investors. Key investors include LetsVenture, Superb Capital, Utsav Somani Investments, D Global Ventures, and Siddharth Singhvi.
The valuation of Cital is $6.94M as of May 2023.