About Depo24
Depo24 is a Retail company based in Delhi (India) founded in 2022 by Kushal Agarwal, Anil Patwari, and Arpit Saraf. Hardware supplies for homes are distributed online by Depo24. It operates in the Retail and Consumer sectors. Depo24 has raised $1.69 million across 4 funding rounds from investors including Dezerv, Angel List and LetsVenture. The company has 52 employees. Depo24 was last valued at $9.92 million in July 2024. Its chief executive, as recorded, is Arpit Saraf. Its Indian entity Depo Solutions Private Limited reported revenue of ₹24.69 Cr. Its focus areas include Home Improvements, B2B Commerce, Hardware and E-Distributor. Its competitors include Infra.Market, ArisInfra and Material Depot; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Delhi, India
- Employees 52
- Founders Kushal Agarwal, Anil Patwari, Arpit Saraf
- Stage Minicorn
- SectorsRetailConsumer
- Email••••••••
- Phone•••• ••••
- Website depo24.in
- Social LinkedIn Facebook
- Legal Name Depo Solutions Private Limited
- Date of Incorporation 24 Feb, 2022
- Jurisdiction Delhi, India
- Annual Revenue₹24.69 Cr
FY 2024 · +201% YoY
- Net Loss-₹3.35 Cr
FY 2024 · -14% margin
- EBITDA-₹3.75 Cr
FY 2024 · -15% margin
- Total Equity Funding$1.69M (USD)
in 4 rounds
- Latest Funding Round$238.84K (USD), Series A
Jul 2024
- InvestorsDezerv
& 32 more
- Employee Count52
Associated legal entities of Depo24
Depo24 operates through Depo Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Depo Solutions Private Limited CIN U51909DL2022PTC394307 | Active | 24 Feb 2022 | Delhi, Delhi | ₹24.7 Cr | 52 | 3 | View details |
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.
- Total Funding $1.69M
- Total Rounds 4
- Last Round Series A — $238,842
- First Round $48,471
(May 2022)
- Investors Count 33
All 4 funding rounds of Depo24 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 |
|---|---|---|---|---|---|
| Jul 2024 | $238,842 | Series A | $9.92M | AUM Ventures | – |
| Oct 2023 | $16,575 | Series A | $6.77M | Panthera Peak Capital | – |
| Jul 2022 | $1.38M | Series A | $••••• | Beenext | |
| May 2022 | $48,471 | Seed | $••••• | Sparrow Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2024 | $9.92M | •••••••• |
| Oct 2023 | $6.77M | •••••••• |
| Jul 2022 | $••••• | •••••••• |
| May 2022 | $••••• | •••••••• |
Full valuation and stage history of Depo24
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $9.92M (Jul 2024). 33 investors in total: 9 institutional and 24 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage technology and consumer-led companies. | aumvc.com | Abu Dhabi, United Arab Emirates | ||
Venture debt fund focused on early stage companies | 2021 | panthera-peak.com | ||
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
Venture capital firm offering funding and mentorship to early-stage startups. | relentless.ventures | Bengaluru, India | ||
Venture capital fund investing in SaaS, B2B, and fintech sectors | sparrowvc.com | Bengaluru, India | ||
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Investment solutions and portfolio management are provided for affluent individuals. | 2021 | dezerv.in | Mumbai, India | |
Corporate and M&A advisory firm focused on multiple sectors | 2021 | sasgroup.in | Delhi, India | |
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
AM Anupam Mittal | Founder of Shaadi.com, angel investor, Shark Tank India judge | unknown_6d8d7eb710cb4b4bb |
Investor details for Depo24
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Depo Solutions Private Limited (Depo24)
Depo Solutions Private Limited is the primary company behind Depo24. The board of Depo Solutions Private Limited currently have 3 directors; the longest-serving is Kushal Agarwal, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kushal Agarwal DIN 09129013 | Director | 24 Feb 2022 | 4 yrs 8 mo | Depo Solutions Private Limited |
| Arpit Saraf DIN 09519151 | Director | 24 Feb 2022 | 4 yrs 8 mo | Depo Solutions Private Limited |
| Anil Patwari DIN 08989556 | Director | 24 Feb 2022 | 4 yrs 8 mo | Depo Solutions Private Limited |
People of Depo24
3 people are tracked at Depo24 (3 in leadership); the tracked headcount is 52.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & Managing Director | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Depo24
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Depo24
Figures of Depo Solutions Private Limited, the primary company behind Depo24, for FY 2024. Revenue was ₹24.69 Cr (+201% year on year). Net loss was -₹3.35 Cr (-14% margin). EBITDA was -₹3.75 Cr (-15% margin).
- ₹24.69 CrRevenue · FY 2024 · +201% YoY
- -₹3.35 CrNet loss · -14% margin
- -₹3.75 CrEBITDA · -15% margin
- ₹1.5 LakhPaid-up capital
- 52Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Depo Solutions Private Limited are on its company page.
Detailed financial statements for Depo24
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Depo24
4 dated milestones of Depo24 across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Depo24 is founded.
- Funding First funding round of $48K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $239K.
Competitors of Depo24
Depo24 has 3 listed competitors in our database, 3 of them funded. They include Infra.Market, ArisInfra and Material Depot.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| infra.market | 2016 | Thane, India | $783.57M | 3,649 | Digital procurement and supply solutions for construction materials are facilitated. | |
| arisinfra.com | 2021 | Mumbai, India | $25.26M | 191 | Online platform for construction materials procurement and supply is provided. | |
| materialdepot.in | 2020 | Hyderabad, India | $3.63M | 49 | An online platform is provided for sourcing building materials. |
Detailed competitors of Depo24
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in B2B Marketplaces & Wholesale
2 companies that operate in the same segment as Depo24 (B2B Marketplaces & Wholesale) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online B2B marketplace connecting buyers and suppliers of diverse industrial products | 1999 | Noida, Uttar Pradesh, India | USD 38.2 M | USD 167.23 M | 6,222 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 783.57 M | USD 1.43 B | 2,645 |
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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 CEO of Depo24, as recorded in our data. They have also founded this company.
Depo24 is a funded company, having raised a total of $1.69M across 4 funding rounds to date. The company's 1st funding round was a Seed of $48.47K, raised on May 2022.
Depo24 has 52 employees.
The primary company behind Depo24, Depo Solutions Private Limited, reported revenue of ₹24.69 Cr for FY 2024, up 201% year on year.
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 Material Depot.
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.
Depo24 operates through Depo Solutions Private Limited.
The legal entities of Depo24 currently have 3 directors, including Kushal Agarwal, Arpit Saraf, Anil Patwari.