About ElecTrade
ElecTrade is a company based in Delhi (India) founded in 2019 by Milind Srivastava and Rishikesh Ranjan. The company has 33 employees. ElecTrade operates in a competitive market with competitors including Evelta, Distrelec, ElectronicsComp, LockTheDeal and BuyElectric, among others.
- Headquarter Delhi, India
- Employees 33
- Founders Milind Srivastava, Rishikesh Ranjan
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website electrade.in
- Social LinkedIn X
- Legal Name Hatchnhack Solutions Private Limited
- Date of Incorporation 21 May, 2019
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹6.06 Cr
FY 2024 · +19% YoY
- Net Loss-₹2.86 Cr
FY 2024 · -47% margin
- EBITDA-₹2.16 Cr
FY 2024 · -36% margin
- InvestorsDeVC
& 3 more
- Employee Count33
Associated legal entities of ElecTrade
ElecTrade operates through Hatchnhack 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 |
|---|---|---|---|---|---|---|---|
| Hatchnhack Solutions Private Limited CIN U74999DL2019PTC350310 | Active | 21 May 2019 | New Delhi, Delhi | ₹6.1 Cr | 33 | 3 | View details |
Funding Insights of ElecTrade
- Total Rounds 1
- Investors Count 4
All 1 funding rounds of ElecTrade 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 |
|---|---|---|---|---|---|
| Nov 2024 | – | Seed | – | DeVC |
4 investors in total: 1 institutional and 3 angel.
Investors in ElecTrade
ElecTrade has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include DeVC, Amit Lakhotia Kumar and Pawan Gupta.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investing and community support for startups. | 1998 | devc.com | Bengaluru, India | |
AL Amit Lakhotia Kumar | Founder of Park+, angel investor in mobility and consumer tech startups | – | unknown_dd3fa80717dd42cc9 | - |
PG Pawan Gupta | Angel investor, ex-Director at American Express, focused on fintech and consumer tech. | – | unknown_ab518880b71a41fcb | - |
AK Arjun Kapoor | Angel investor in Indian startups, focused on tech and consumer sectors. | – | unknown_c4a596e5bfc842638 | - |
Investor details for ElecTrade
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 Hatchnhack Solutions Private Limited (ElecTrade)
Hatchnhack Solutions Private Limited is the primary company behind ElecTrade. The board of Hatchnhack Solutions Private Limited currently have 2 directors; the longest-serving is Milind Srivastava, appointed in 2023. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Milind Srivastava DIN 10088487 | Director | 27 Apr 2023 | 3 yrs 5 mo | Hatchnhack Solutions Private Limited |
| Rishikesh Ranjan DIN 08601713 | CEO | 25 May 2023 | 3 yrs 4 mo | Hatchnhack Solutions Private Limited |
People of ElecTrade
2 people are tracked at ElecTrade (2 in leadership); the tracked headcount is 33.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for ElecTrade
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 ElecTrade
Figures of Hatchnhack Solutions Private Limited, the primary company behind ElecTrade, for FY 2024. Revenue was ₹6.06 Cr (+19% year on year). Net loss was -₹2.86 Cr (-47% margin). EBITDA was -₹2.16 Cr (-36% margin). Revenue has grown at a compounded annual rate of +205% over three years.
- ₹6.06 CrRevenue · FY 2024 · +19% YoY
- -₹2.86 CrNet loss · -47% margin
- -₹2.16 CrEBITDA · -36% margin
- ₹11.6 LakhPaid-up capital
- 33Employees (provident fund records)
- +205%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Hatchnhack Solutions Private Limited are on its company page.
Detailed financial statements for ElecTrade
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 ElecTrade
2 dated milestones of ElecTrade across 5 years, from founding to its latest funding, stage changes and deals.
- Founded ElecTrade is founded.
- Funding First funding round.
Competitors of ElecTrade
ElecTrade 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 Evelta, Distrelec, ElectronicsComp, LockTheDeal and BuyElectric, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| evelta.com | 2012 | Mumbai, India | – | 189 | Online retailer of electronic components and development boards. | |
| distrelec.com | 1973 | Nanikon, Switzerland | – | – | Electronic and technical products are distributed online. | |
| electronicscomp.com | 2015 | Bengaluru, India | $42,439 | 1 | Electronic components and related products are retailed online. | |
| lockthedeal.com | 2016 | Gurugram, India | $2.79M | 112 | End-to-end distribution services for retailers are facilitated online. | |
| buyelectric.com | 2015 | Vadodara, India | – | 45 | Online platform selling electrical products, accessories, and services in India. | |
| eleczo.com | 2016 | Bengaluru, India | – | 60 | Operates as a B2B distributor of electrical components and devices. |
Detailed competitors of ElecTrade
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.
Latest news on Electrade
Complete news archive for ElecTrade
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to ElecTrade
10 companies that operate in the same segment as ElecTrade (B2B Marketplaces & Wholesale), 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 37.24 M | USD 167.23 M | 6,100 | |
Multi-category products are supplied via a B2B marketplace platform. | 2015 | Singapore, Singapore | USD 470.85 M | USD 642.28 M | 1,331 | |
Multi-category products are facilitated through an online B2B cross-border marketplace. | 1999 | New York, New York, United States | – | USD 144.12 B | 124,320 | |
Online catering marketplace for enterprises | 2007 | Boston, Massachusetts, United States | USD 438.62 M | – | 856 | |
Platform for on-demand distributed manufacturing and prototyping is provided. | 2013 | Gaithersburg, Maryland, United States | USD 203.44 M | USD 686.63 M | 1,090 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 763.1 M | USD 1.43 B | 1,710 | |
SaaS-based collaborative commerce solutions are provided for brands and retailers. | 2000 | New York, New York, United States | USD 365 M | USD 240.52 M | 1,370 | |
Online application marketplace | 2009 | San Francisco, California, United States | USD 437.8 M | USD 7.59 M | 183 | |
Cross-border B2B wholesale marketplace is operated for small-scale sellers. | 2004 | Beijing, China | USD 45.52 M | – | – | |
AI platform for retail ecommerce management and optimization is provided. | 2012 | Mountain View, California, United States | USD 195.5 M | USD 11.75 M | 256 |
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 ElecTrade
ElecTrade was founded in 2019 and raised its 1st funding round 5 years after it was founded.
ElecTrade is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Rishikesh Ranjan is the current CEO of ElecTrade. They have also founded this company.
ElecTrade has 33 employees.
The primary company behind ElecTrade, Hatchnhack Solutions Private Limited, reported revenue of ₹6.06 Cr for FY 2024, up 19% year on year.
ElecTrade was founded in 2019 in Delhi, India, focusing on the electronics sector. A range of components such as passive elements, integrated circuits, optoelectronics, discrete semiconductors, and electromechanical products is distributed. These items support applications in various industries. Operations are based in India, with distribution handled through the domain electrad.in. Leadership includes co-founders Milind Srivastava and Rishikesh Ranjan as CEO.
ElecTrade's top competitors include Distrelec, Evelta and ElectronicsComp.
ElecTrade has 4 investors. Key investors include DeVC, Amit Lakhotia Kumar, Pawan Gupta, and Arjun Kapoor.
ElecTrade operates through Hatchnhack Solutions Private Limited.
The legal entities of ElecTrade currently have 2 directors, including Rishikesh Ranjan, Milind Srivastava.