About Dusminute
Dusminute is a Retail company based in Bengaluru (India) founded in 2017 by Kishore Seela, Apoorva Mishra, and Ankita Asai. Concierge services for residential community management are provided by Dusminute. It operates in the Retail and Business Services sectors. Dusminute has raised $3.95 million across 4 funding rounds from investors including Primarc, Indian Angel Network Fund and Marwah Steels. Dusminute was last valued at $12.08 million in June 2023. Its chief executive, as recorded, is Apoorva Mishra. Its Indian entity Indwell Retail Private Limited reported revenue of ₹37.99 Cr. The company has since been acquired. Dusminute offers products and services including Mobile App, In-store Retail, Home Services, and Pharmacy Services. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Multi Category. Its competitors include Blinkit, Bigbasket and Swiggy; 3 of its 3 listed competitors have raised funding.
Company details
Dusminute was established in 2017 in Bengaluru, India, within the community management sector. Services are offered to apartment complexes, including access to supermarkets, online ordering, home delivery, professional home services, pharmacies, medicine delivery, diagnostics, and cafes. Operations focus on convenience for residents, with a mobile application available for Android and iOS platforms.
- Headquarters Bengaluru, India
- Founders Kishore Seela, Apoorva Mishra, Ankita Asai
- Stage Acquired
- SectorsRetailBusiness Services
- Email••••••••
- Phone•••• ••••
- Website dusminute.com
- Social LinkedIn Facebook
- Legal Name Indwell Retail Private Limited
- Date of Incorporation 13 Sep, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹37.99 Cr
FY 2025 · +10% YoY
- Net Loss-₹18.82 Cr
FY 2025 · -50% margin
- EBITDA-₹15.72 Cr
FY 2025 · -41% margin
- Total Equity Funding$3.95M (USD)
in 4 rounds
- Latest Funding Round$1.4M (USD), Seed
Jun 2023
- InvestorsPrimarc
& 94 more
Associated legal entities of Dusminute
Dusminute operates through Indwell Retail Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Indwell Retail Private Limited CIN U73100KA2017PTC106350 | Active | 13 Sep 2017 | Bangalore, Karnataka | ₹38.0 Cr | 23 | 2 | View details |
Products & Services of Dusminute
Dusminute offers a comprehensive portfolio of products and services, including Mobile App, In-store Retail, Home Services, and Pharmacy Services.
App for ordering groceries and services with fast home delivery.
Stores offering groceries, dairy, and household items locally.
Platform for in-house professionals handling upkeep and repairs.
Service for in-store and online medicine and diagnostic deliveries.
Apps and channels of Dusminute
Dusminute publishes 1 mobile app with over 10K+ downloads.
Funding Insights of Dusminute
Dusminute has successfully raised a total of $3.95M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.4 million completed in June 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 $3.95M
- Total Rounds 4
- Last Round Seed — $1.4M
- First Round $1.1M
(Jan 2021)
- Investors Count 94
All 4 funding rounds of Dusminute 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 |
|---|---|---|---|---|---|
| Jun 2023 | $1.4M | Seed | $12.08M | Inflection Point Ventures | |
| Apr 2022 | $589,806 | Angel Round | $10.53M | Shailesh Haran | |
| Aug 2021 | $863,014 | Seed | $••••• | Surekha Haran, Indian Angel Network Fund | |
| Jan 2021 | $1.1M | Seed | $••••• | Indian Angel Network, Sokkalingam Vishalakshi |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2023 | $12.08M | •••••••• |
| Apr 2022 | $10.53M | •••••••• |
| Aug 2021 | $••••• | •••••••• |
| Jan 2021 | $••••• | •••••••• |
Full valuation and stage history of Dusminute
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
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Verified entity values are shown only after access is granted.
Last known valuation $12.08M (Jun 2023). 95 investors in total: 23 institutional and 72 angel.
Investors in Dusminute
Dusminute has secured backing from 95 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Primarc, Indian Angel Network Fund and Marwah Steels.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Venture capital investment in tech-startups | Gurugram, India | |||
Venture capital fund focused on real estate tech startups | Bengaluru, India | |||
Venture capital investments and support for startups in sectors like AI and healthcare. | 2017 | ian-fund.com | Kolkata, India | |
Private investment arm of Kris Gopalakrishnan Family Office. | 2014 | pratithi.com | Bengaluru, India | |
Angel investor network investing in early-stage startups | iangroup.vc | Delhi, India | ||
Family assets are managed by the Viney Sahgal Family Trust. | ||||
Produces and supplies high-quality granites, marbles, and natural stones internationally. | 1999 | pearlgranite.com | Bengaluru, India | |
Real estate properties are developed by Primarc in India. | 1987 | primarc.in | Kolkata, India | |
Offers financing for new and pre-owned commercial vehicles to buyers and operators. | 2014 | bhorukaclassic.com | Mumbai, India |
Investor details for Dusminute
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Board of directors of Indwell Retail Private Limited (Dusminute)
Indwell Retail Private Limited is the primary company behind Dusminute. The board of Indwell Retail Private Limited currently have 2 directors; the longest-serving is Jai Dilip Bhagchandani, appointed in 2025. 16 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jai Dilip Bhagchandani DIN 05253760 | Director | 30 Aug 2025 | 1 yr 2 mo | Indwell Retail Private Limited |
| Shrenik Sanjay Ghodawat DIN 02091347 | Additional Director | 01 Jan 2026 | 10 mo | Indwell Retail Private Limited |
People of Dusminute
7 people are tracked at Dusminute (6 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Nikhil Gupta | Co-Founder and Chief Operating Officer | Leadership |
Vinod . | Head of HR | Leadership |
Thangaraj Naidu | Vice President of Retail | Leadership |
vinod kumar | Human Resources Manager | Team |
Complete people profiles for Dusminute
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Dusminute
Figures of Indwell Retail Private Limited, the primary company behind Dusminute, for FY 2025. Revenue was ₹37.99 Cr (+10% year on year). Net loss was -₹18.82 Cr (-50% margin). EBITDA was -₹15.72 Cr (-41% margin). Revenue has grown at a compounded annual rate of -1% over three years and +6% over five years.
- ₹37.99 CrRevenue · FY 2025 · +10% YoY
- -₹18.82 CrNet loss · -50% margin
- -₹15.72 CrEBITDA · -41% margin
- ₹41.9 LakhPaid-up capital
- 23Employees (provident fund records)
- -1%Revenue CAGR, 3 years
- +6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Indwell Retail Private Limited are on its company page.
Detailed financial statements for Dusminute
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Dusminute
4 dated milestones of Dusminute across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Dusminute is founded.
- Funding First funding round of $1.1M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.4M.
Competitors of Dusminute
Dusminute has 3 listed competitors in our database, 3 of them funded. They include Blinkit, Bigbasket and Swiggy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| blinkit.com | 2013 | Gurugram, India | $757.52M | 5,975 | Instant delivery of groceries and essentials is facilitated online. | |
| bigbasket.com | 2011 | Bengaluru, India | $943.07M | 22,095 | Personal and household products are delivered via an e-commerce platform. | |
| swiggy.com | 2014 | Bengaluru, India | $3.62B | 4,953 | Food and grocery items are ordered via an online network. |
Detailed competitors of Dusminute
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Verified entity values are shown only after access is granted.
Web traffic of Dusminute
The website of Dusminute (dusminute.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▲ 54.5% vs previous month
Top companies in Food & Grocery Retail
3 companies that operate in the same segment as Dusminute (Food & Grocery Retail) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,488 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | 11,913 |
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Related news about Dusminute
Complete news archive for Dusminute
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Frequently Asked Questions about Dusminute
Dusminute was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Dusminute is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Apoorva Mishra is the CEO of Dusminute, as recorded in our data. They have also founded this company.
Dusminute is a funded company, having raised a total of $3.95M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.1M, raised on Jan 2021.
The primary company behind Dusminute, Indwell Retail Private Limited, reported revenue of ₹37.99 Cr for FY 2025, up 10% year on year.
Dusminute was established in 2017 in Bengaluru, India, within the community management sector. Services are offered to apartment complexes, including access to supermarkets, online ordering, home delivery, professional home services, pharmacies, medicine delivery, diagnostics, and cafes. Operations focus on convenience for residents, with a mobile application available for Android and iOS platforms.
Dusminute offers Mobile App, In-store Retail, Home Services, and Pharmacy Services.
Dusminute has 95 investors. Key investors include Primarc, Indian Angel Network Fund, Marwah Steels, Sparrow Technologies, and Bhoruka Classic Finance.
The valuation of Dusminute is $12.08M as of Jun 2023.
Dusminute operates through Indwell Retail Private Limited.
The legal entities of Dusminute currently have 2 directors, including Jai Dilip Bhagchandani, Shrenik Sanjay Ghodawat.