About E Cube India
E Cube India was a Retail company based in Vadodara (India) founded in 2000 by Charulata Ashesh Shah and Ashesh Shah. It manufactures high-quality vending machines and POS terminals. It operates on a B2B model. E Cube India has raised $1.37 million across 5 funding rounds from investors including Gujarat Venture Finance and SIDBI Venture Capital. Its Indian entity E Cube India Solutions Limited reported revenue of ₹12.1 Lakh. The company is recorded as dissolved. Its focus areas include Technology, Hardware, Vending and POS and Terminals. Its competitors include Instago, Atchayam Business Solutions and JP Vend Tech; 1 of its 3 listed competitors has raised funding.
Company details
E Cube India, founded in 2000 in Vadodara, India, focuses on leveraging cutting-edge technology, hardware, vending and pos, and terminals. Manufactures high-quality vending machines and POS terminals. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Vadodara, India
- Founders Charulata Ashesh Shah, Ashesh Shah
- SectorsRetail
- Website e3india.com
- Social Facebook
- Legal Name E Cube India Solutions Limited
- Date of Incorporation 16 Aug, 2000
- Jurisdiction Ta Padra, Gujarat, India
- Annual Revenue₹12.1 Lakh
FY 2025
- Net Profit₹4.8 Lakh
FY 2025 · 40% margin
- EBITDA₹11.9 Lakh
FY 2025 · 98% margin
- Total Equity Funding$1.37M (USD)
in 5 rounds
- Latest Funding Round$1.35M (USD), Seed
Jul 2011
- InvestorsGujarat Venture Finance
& 1 more
Associated legal entities of E Cube India
E Cube India operates through E Cube India Solutions 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 |
|---|---|---|---|---|---|---|---|
| E Cube India Solutions Limited CIN U30000GJ2000PLC038530 | Active | 16 Aug 2000 | Ta Padra, Gujarat | ₹0.1 Cr | 1 | 4 | View details |
Funding Insights of E Cube India
E Cube India has successfully raised a total of $1.37M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $1.35 million completed in July 2011. 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 $1.37M
- Total Rounds 5
- Last Round Seed — $1.35M
- Investors Count 2
All 5 funding rounds of E Cube India 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 2011 | $1.35M | Seed | – | Gujarat Venture Finance | – |
| Aug 2010 | Seed | – | Gujarat Venture Finance | ||
| Sep 2006 | $27,180 | Seed | – | Gujarat Venture Finance | |
| Sep 2005 | Seed | – | Gujarat Venture Finance | ||
| Sep 2004 | Seed | – | SIDBI Venture Capital |
2 investors in total: 2 institutional.
Investors in E Cube India
E Cube India has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Gujarat Venture Finance and SIDBI Venture Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in Indian startups across multiple sectors. | 1990 | gvfl.com | Ahmedabad, India | |
Venture capital management for SMEs and startups in India. | 1999 | sidbiventure.co.in | Mumbai, India |
Investor details for E Cube India
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 E Cube India Solutions Limited (E Cube India)
E Cube India Solutions Limited is the primary company behind E Cube India. The board of E Cube India Solutions Limited currently have 3 directors; the longest-serving is Ashesh Jitendra Shah, appointed in 2000. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashesh Jitendra Shah DIN 00263533 | Managing Director | 16 Aug 2000 | 26 yrs 2 mo | E Cube India Solutions Limited |
| Charulata Ashesh Shah DIN 08323830 | CFO | 28 Sep 2019 | 7 yrs | E Cube India Solutions Limited |
| Ankit Ashesh Shah DIN 07479444 | Director | 14 Mar 2024 | 2 yrs 7 mo | E Cube India Solutions Limited |
People of E Cube India
2 people are tracked at E Cube India (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for E Cube India
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 E Cube India
Figures of E Cube India Solutions Limited, the primary company behind E Cube India, for FY 2025. Revenue was ₹12.1 Lakh. Net profit was ₹4.8 Lakh (40% margin). EBITDA was ₹11.9 Lakh (98% margin). Revenue has grown at a compounded annual rate of -6% over three years and +2% over five years.
- ₹12.1 LakhRevenue · FY 2025
- ₹4.8 LakhNet profit · 40% margin
- ₹11.9 LakhEBITDA · 98% margin
- ₹14.15 CrPaid-up capital
- 1Employees (provident fund records)
- -6%Revenue CAGR, 3 years
- +2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of E Cube India Solutions Limited are on its company page.
Detailed financial statements for E Cube India
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 E Cube India
3 dated milestones of E Cube India across 11 years, from founding to its latest funding, stage changes and deals.
- Founded E Cube India is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $1.3M.
Competitors of E Cube India
E Cube India has 3 listed competitors in our database, 1 of them funded. They include Instago, Atchayam Business Solutions and JP Vend Tech.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| instago.in | 2008 | Mumbai, India | $500,000 | 19 | Food and beverage vending machines are manufactured by Instago. | |
| afoodbox.com | 2012 | Chennai, India | It functions as an offline automated restaurant aggregator. | |||
| jpvendtech.com | 2013 | Secunderabad, India | Manufactures and supplies food and beverage vending machines for commercial use. |
Detailed competitors of E Cube India
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 Vending Machines
3 companies that operate in the same segment as E Cube India (Vending Machines) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provides self-service kiosks for efficient operations across multiple sectors. | 2019 | Ahmedabad, Gujarat, India | USD 33.03 M | 505 | ||
Offers app for vending machine access, cashless payments, and real-time business management. | 2017 | Noida, Uttar Pradesh, India | USD 87.52 K | |||
Offers rental vending machines with healthy snacks for offices, hospitals, and hotels. | 2013 | Bengaluru, Karnataka, India | USD 218.02 K | 30 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about E Cube India
E Cube India was founded in 2000 and raised its 1st funding round 4 years after it was founded.
E Cube India is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.
E Cube India is a funded company, having raised a total of $1.37M across 5 funding rounds to date.
The primary company behind E Cube India, E Cube India Solutions Limited, reported revenue of ₹12.1 Lakh for FY 2025.
E Cube India, founded in 2000 in Vadodara, India, focuses on leveraging cutting-edge technology, hardware, vending and pos, and terminals. Manufactures high-quality vending machines and POS terminals. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
E Cube India's top competitors include Instago, JP Vend Tech and Atchayam Business Solutions.
E Cube India has 2 investors. Key investors include Gujarat Venture Finance, and SIDBI Venture Capital.
E Cube India operates through E Cube India Solutions Limited.
The legal entities of E Cube India currently have 3 directors, including Ankit Ashesh Shah, Charulata Ashesh Shah, Ashesh Jitendra Shah.