About DealBasket
DealBasket is a company based in Gurugram (India) founded in 2022 by Abhishek Kaushik.. DealBasket has raised $71.02 thousand across 3 funding rounds from investors including Bestvantage Investments, Soonicorn Ventures and Vijay Chand. The company has 1 employees as of August 22, 2024. DealBasket offers products and services including Flour, Pulses, Rice, Whole Spices, and Organic Oil. DealBasket operates in a competitive market with competitors including ChattyBao, Mesky, Norimos and My Community, among others.
- Headquarter Gurugram, India
- Employees 1 as on 22 Aug, 2024
- Founders Abhishek Kaushik
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nishpra Community Solutions Private Limited
- Date of Incorporation 26 Apr, 2022
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$255.3 K (USD)0as on Mar 31, 2023
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Net Profit
$-45.06 K (USD)0as on Mar 31, 2023
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EBITDA
$-82.47 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$71.02 K (USD)
in 3 rounds
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Latest Funding Round
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Investors
Bestvantage Investments
& 6 more
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Employee Count
1
as on Aug 22, 2024
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Products & Services of DealBasket
DealBasket offers a comprehensive portfolio of products and services, including Flour, Pulses, Rice, Whole Spices, and Organic Oil. 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.
Premium flour for baking and cooking purposes.
Variety of pulses for nutritious meals and diets.
High-quality rice for everyday culinary use.
Curated whole spices to enhance flavor in cooking.
Premium organic oil for healthy food preparation.
Convenient mixes for quick and nutritious meals.
Funding Insights of DealBasket
DealBasket has successfully raised a total of $71.02K across 3 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 Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(19 May 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Seed - DealBasket | Valuation | Bestvantage Investments |
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| Mar, 2023 | Amount | Seed - DealBasket | Valuation | Soonicorn Ventures |
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| May, 2022 | Amount | Angel Round - DealBasket | Valuation | Vijay Chand |
| 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 DealBasket
DealBasket has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Bestvantage Investments, Soonicorn Ventures and Vijay Chand. 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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Investment platform for building investor communities and facilitating startup deals.
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Founded Year | Domain | Location | |
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Platform connecting startups with investors for funding, mentorship, and capital raising.
|
Founded Year | Domain | Location | |
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VC
Vijay Chand |
Angel investor and entrepreneur, focused on early-stage Indian startups.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by DealBasket
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
Financial Statements - DealBasket
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Dealbasket Comparisons
Competitors of DealBasket
DealBasket 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 ChattyBao, Mesky, Norimos and My Community, 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 |
Platform offering online shopping that connects people and businesses
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| domain | founded_year | HQ Location |
A social e-commerce app promoting wellness and healthy living through community-driven products.
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| domain | founded_year | HQ Location |
Manages an e-commerce store offering multi-category products through group buying.
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| domain | founded_year | HQ Location |
Groceries are offered through an app-based community platform via WhatsApp.
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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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Frequently Asked Questions about DealBasket
When was DealBasket founded?
DealBasket was founded in 2022.
Where is DealBasket located?
DealBasket is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of DealBasket?
Abhishek Kaushik is the current CEO of DealBasket. They have also founded this company.
Is DealBasket a funded company?
DealBasket is a funded company, having raised a total of $71.02K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $71.02K, raised on May 19, 2022.
How many employees does DealBasket have?
As of Aug 22, 2024, the latest employee count at DealBasket is 1.
What is the annual revenue of DealBasket?
Annual revenue of DealBasket is $255.3K as on Mar 31, 2023.
What does DealBasket do?
DealBasket was founded in 2022 in Gurugram, India, within the e-commerce sector focused on groceries. An online platform is maintained where users access a catalog of products including flour, pulses, spices, dry fruits, nuts, rice, instant mixes, millet-based items, and ready-to-eat goods. A buy now pay later option is provided to facilitate purchases for the community.
Who are the top competitors of DealBasket?
DealBasket's top competitors include ChattyBao, My Community and Mesky.
What products or services does DealBasket offer?
DealBasket offers Flour, Pulses, Rice, Whole Spices, and 2 more products and services.
Who are DealBasket's investors?
DealBasket has 7 investors. Key investors include Bestvantage Investments, Soonicorn Ventures, Vijay Chand, Santosh Sharma, and Naveen Krishna.
What is DealBasket's valuation?
The valuation of DealBasket is $1.29M as of May 2022.