About Depo24
Depo24 is a company based in Delhi (India) founded in 2022 by Kushal Agarwal, Anil Patwari, and Arpit Saraf. Depo24 has raised $1.69 million across 4 funding rounds from investors including Dezerv, Angel List and LetsVenture. The company has 52 employees as of April 09, 2024. Depo24 operates in a competitive market with competitors including Infra.Market, ArisInfra, Material Depot, YouKraft and IBO, among others.
- Headquarter Delhi, India
- Employees 52 as on 09 Apr, 2024
- Founders Kushal Agarwal, Anil Patwari, Arpit Saraf
- Stage Minicorn
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Sectors
RetailConsumer
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Email
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Phone
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Website
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Social
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- Legal Name Depo Solutions Private Limited
- Date of Incorporation 24 Feb, 2022
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$986.41 K (USD)0as on Mar 31, 2023
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Net Profit
-$141.4 K (USD)-90362.08as on Mar 31, 2023
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EBITDA
-$144.47 K (USD)-400410as on Mar 31, 2023
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Total Equity Funding
$1.69 M (USD)
in 4 rounds
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Latest Funding Round
$238.84 K (USD), Series A
Jul 29, 2024
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Investors
Dezerv
& 32 more
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Employee Count
52
as on Apr 09, 2024
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Funding Insights of Depo24
Depo24 has successfully raised a total of $1.69M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $238.84 thousand completed in July 2024. 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.
Investors in Depo24
Depo24 has secured backing from 33 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Dezerv, Angel List and LetsVenture.
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Venture debt fund focused on early stage companies
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Early-stage venture capital fund
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Investor details for Depo24
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Investments & Acquisitions by Depo24
Investment portfolio details for Depo24
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Financial Statements - Depo24
Detailed financials for Depo24
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Depo24 Comparisons
Peer comparison for Depo24
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Competitors of Depo24
Depo24 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 IBO, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Digital procurement and supply solutions for construction materials are facilitated.
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Online platform for construction materials procurement and supply is provided.
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An online platform is provided for sourcing building materials.
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Home improvement products are offered via an online marketplace.
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IBO is recognized as India's largest omnichannel retailer for home building and improvement products.
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Online procurement and credit for construction materials are facilitated.
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Detailed competitors of Depo24
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Latest news on Depo24
Complete news archive for Depo24
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Frequently Asked Questions about Depo24
Depo24 was founded in 2022.
Depo24 is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Arpit Saraf is the current CEO of Depo24. They have also founded this company.
Depo24 is a funded company, having raised a total of $1.69M across 4 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Depo24 is 52.
Annual revenue of Depo24 is $986.41K as on Mar 31, 2023.
Depo24 was founded in 2022 and is based in Delhi, India. Operations focus on e-distribution of hardware supplies for home applications within the building materials sector. The platform serves interior designers, architects, technicians, and homeowners through an online catalog featuring adhesives, hinges, mortise locks, door closers, locks, door fittings, drawer fittings, glass fittings, handle knobs, magnets, and additional items.
Depo24's top competitors include Infra.Market, ArisInfra and Headsup B2B.
Depo24 has 33 investors. Key investors include Dezerv, Angel List, LetsVenture, Panthera Peak Capital, and Relentless Ventures.
The valuation of Depo24 is $9.92M as of Jul 2024.