Cornercart

Kochi, India Founded: 2018 • Age: 8 yrs
Cart plugins for Shopify stores are provided and integrated.
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About Cornercart

Cornercart is a company based in Kochi (India) founded in 2018.. Cornercart has raised $66.34 thousand across 1 funding round from investors including Indian Angel Network. Cornercart offers products and services including CornerCart, Support Corner, and Offers Corner. Cornercart operates in a competitive market with competitors including Alloy Automation, Mason, Swym, Birdseye and Replo, among others.

  • Headquarter Kochi, India
  • Sectors
    Retail
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Messengerify Labs Private Limited
  • Date of Incorporation 12 Jan, 2018
  • Jurisdiction Ernakulam, Kerala, India
Operational Areas
Retail → E-Commerce Technology & Services → →
Key Metrics
  • Annual Revenue
    $25.64 K (USD)
    22.83
    as on Mar 31, 2023
  • Net Profit
    $-23.15 K (USD)
    -1016.8
    as on Mar 31, 2023
  • EBITDA
    $7.33 K (USD)
    2083.42
    as on Mar 31, 2023
  • Total Equity Funding
    $66.34 K (USD)

    in 1 rounds

  • Latest Funding Round
    $66.34 K (USD), Seed

    Dec 07, 2021

  • Investors
    Indian Angel Network
  • Employee Count
    Employee Count
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Products & Services of Cornercart

Cornercart offers a comprehensive portfolio of products and services, including CornerCart, Support Corner, and Offers Corner. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Intelligent app to increase average order value in stores.

Tool for handling FAQs and support requests efficiently.

Platform for expanding customer base through targeted offers.

Funding Insights of Cornercart

Cornercart has successfully raised a total of $66.34K through 1 strategic funding round. The most recent funding activity was a Seed round of $66.34 thousand 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
  • Total Rounds 1
  • Last Round Seed — $66,338
  • First Round

    (07 Dec 2021)

  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Dec, 2021 Amount Seed - Cornercart Valuation Indian Angel Network
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in Cornercart

Cornercart has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Indian Angel Network. 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.

All
Venture Fund
Investor Description Founded Year Domain Location
Indian Angel Network
Angel investor network investing in early-stage startups
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Cornercart

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Cornercart

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Cornercart Comparisons

Employees
+
Add Comparison
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Competitors of Cornercart

Cornercart 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 Alloy Automation, Mason, Swym, Birdseye and Replo, 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
Alloy Automation
domain founded_year HQ Location
Workflow automation is facilitated via a no-code visual platform.
Mason
domain founded_year HQ Location
An AI-based shopping copilot is provided for eCommerce businesses.
Swym
domain founded_year HQ Location
Offers extension tools for Shopify stores.
Birdseye
domain founded_year HQ Location
Provider of software suite solutions for Shopify businesses
Replo
domain founded_year HQ Location
Website development platform for customizable storefronts is offered.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Cornercart

Frequently Asked Questions about Cornercart

When was Cornercart founded?

Cornercart was founded in 2018 and raised its 1st funding round 3 years after it was founded.

Where is Cornercart located?

Cornercart is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.

Is Cornercart a funded company?

Cornercart is a funded company, having raised a total of $66.34K across 1 funding round to date. The company's 1st funding round was a Seed of $66.34K, raised on Dec 07, 2021.

What is the annual revenue of Cornercart?

Annual revenue of Cornercart is $25.64K as on Mar 31, 2023.

What does Cornercart do?

Cornercart was established in 2018 in Kochi, India, as a provider of e-commerce plugins. Services focus on Shopify integrations, where add-to-cart buttons and mini carts are enabled across all site pages. Operations center on cart management tools for online merchants, supporting checkout processes in the retail sector. The platform is accessible via cornercart.io, with development based in India.

Who are the top competitors of Cornercart?

Cornercart's top competitors include Alloy Automation, Mason and Replo.

What products or services does Cornercart offer?

Cornercart offers CornerCart, Support Corner, and Offers Corner.

Who are Cornercart's investors?

Cornercart has 1 investor. Key investors include Indian Angel Network.

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