About eMart Solutions
eMart Solutions is a Technology company based in Bengaluru (India) founded in 2009 by Srikanth Chunduri. Loyalty solutions are provided for businesses in multiple sectors. eMart Solutions has raised $2.05 million across 4 funding rounds from investors including V R Kaundinya, Vishal Sukheja and Sridar Iyengar. eMart Solutions was last valued at $17.03 million in October 2016. Its Indian entity Emart Solutions India Private Limited reported revenue of ₹1.5 Lakh. Its focus areas include Enterprise Applications, Loyalty Software, Standalone Loyalty and Multi-Industry. Its competitors include Capillary Technologies and Loylty Rewardz; 2 of its 2 listed competitors have raised funding.
Company details
Provider of loyalty solutions for businesses. It offers channel trade loyalty, consumer loyalty, employee, sales incentives and analytics solutions. Its products are FirstHive, a SaaS platform for administering loyalty programs and Worldswipe, a reward management platform. Notable clients are Polycab and Mattel Toys. It caters to FMCG, BFSI, healthcare, travel hospitality, retail, automotive and construction industries.
- Headquarters Bengaluru, India
- Founders Srikanth Chunduri
- Stage Minicorn
- SectorsTechnology
- Email••••••••
- Website emartsolutions.com
- Social LinkedIn X Facebook
- Legal Name Emart Solutions India Private Limited
- Date of Incorporation 02 Jul, 2009
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.5 Lakh
FY 2021 · -100% YoY
- Net Loss-₹21.3 Lakh
FY 2021 · -1467% margin
- EBITDA-₹10.8 Lakh
FY 2021 · -746% margin
- Total Equity Funding$2.05M (USD)
in 4 rounds
- Latest Funding Round$299.37K (USD), Angel Round
Oct 2016
Associated legal entities of eMart Solutions
eMart Solutions operates through Emart Solutions India Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Emart Solutions India Private Limited CIN U72200KA2009PTC050306 | Under Liquidation | 02 Jul 2009 | Bangalore, Karnataka | ₹0.0 Cr | 1 | 3 | View details |
Funding Insights of eMart Solutions
eMart Solutions has successfully raised a total of $2.05M across 4 strategic funding rounds. The most recent funding activity was a Angel Round of $299.37 thousand completed in October 2016. 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 $2.05M
- Total Rounds 4
- Last Round Angel Round — $299,366
- First Round $188,181
(Feb 2010)
- Investors Count 23
All 4 funding rounds of eMart Solutions 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 |
|---|---|---|---|---|---|
| Oct 2016 | $299,366 | Angel Round | $17.03M | V R Kaundinya | |
| Mar 2015 | $133,846 | Angel Round | $12.88M | Chandu Nair | |
| May 2010 | $1.43M | Angel Round | – | Kailasam Raghavendra Rao | – |
| Feb 2010 | $188,181 | Angel Round | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2016 | $17.03M | •••••••• |
| Mar 2015 | $12.88M | •••••••• |
Last known valuation $17.03M (Oct 2016). 23 investors in total: 0 institutional and 23 angel.
Investors in eMart Solutions
eMart Solutions has secured backing from 23 investors, including angel investors. Prominent investors backing the company include V R Kaundinya, Vishal Sukheja and Sridar Iyengar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VR V R Kaundinya | unknown_4d299c517ea845a88 | |||
VS Vishal Sukheja | Angel investor and entrepreneur, focused on tech startups in India. | unknown_2fcbb04d3d0e4317a | ||
SI Sridar Iyengar | Experienced tech executive, angel investor, and mentor to Indian startups | unknown_aecf0faa3df34da78 | ||
SK Sooraj Keswani | unknown_2533091f902c40fca | |||
MA Megha Agarwal | unknown_5541b9bd084144258 | |||
ST Satish Taluru | unknown_a14bd0309d774b78b | |||
KV Krishnadas V Ramakrishnan | unknown_4b6fb0fde6f94b32a | |||
TS T Sailaja | unknown_80915d1507bf49bc9 | |||
NS Namrata Shah | unknown_bdc0e74b4bd445b9a | |||
BK BM Kumar | unknown_c1ba091dcfbd46048 |
Investor details for eMart Solutions
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Emart Solutions India Private Limited (eMart Solutions)
Emart Solutions India Private Limited is the primary company behind eMart Solutions. The board of Emart Solutions India Private Limited currently have 3 directors; the longest-serving is Manoj Joy P, appointed in 2019. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manoj Joy P DIN 08609221 | Director | 28 Oct 2019 | 7 yrs | Emart Solutions India Private Limited |
| Chhavi Aggarwal DIN 08453008 | Director | 01 Nov 2019 | 6 yrs 11 mo | Emart Solutions India Private Limited |
| Ravindranath Narayana Rao DIN 01520562 | IRP/RP/Liquidator | 06 Nov 2024 | 1 yr 11 mo | Emart Solutions India Private Limited |
People of eMart Solutions
1 people are tracked at eMart Solutions (1 in leadership).
| Name | Role | Group |
|---|---|---|
Srikanth Chunduri | Co-Founder | Leadership |
Complete people profiles for eMart Solutions
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 eMart Solutions
Figures of Emart Solutions India Private Limited, the primary company behind eMart Solutions, for FY 2021. Revenue was ₹1.5 Lakh (-100% year on year). Net loss was -₹21.3 Lakh (-1467% margin). EBITDA was -₹10.8 Lakh (-746% margin). Revenue has grown at a compounded annual rate of -86% over three years and -75% over five years.
- ₹1.5 LakhRevenue · FY 2021 · -100% YoY
- -₹21.3 LakhNet loss · -1467% margin
- -₹10.8 LakhEBITDA · -746% margin
- ₹2.73 CrPaid-up capital
- 1Employees (provident fund records)
- -86%Revenue CAGR, 3 years
- -75%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Emart Solutions India Private Limited are on its company page.
Detailed financial statements for eMart Solutions
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of eMart Solutions
4 dated milestones of eMart Solutions across 7 years, from founding to its latest funding, stage changes and deals.
- Founded eMart Solutions is founded.
- Funding First funding round of $188K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $299K.
Competitors of eMart Solutions
eMart Solutions has 2 listed competitors in our database, 2 of them funded. They include Capillary Technologies and Loylty Rewardz.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| capillarytech.com | 2008 | Bengaluru, India | $239.1M | AI-powered loyalty management software is offered for enterprises. | ||
| loylty.com | 2006 | Mumbai, India | $28.27M | 288 | Platform offering loyalty and relationship management solutions |
Detailed competitors of eMart Solutions
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Related news about Emart Solutions
Complete news archive for eMart Solutions
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Frequently Asked Questions about eMart Solutions
eMart Solutions was founded in 2009 and raised its 1st funding round 1 year after it was founded.
eMart Solutions is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
eMart Solutions is a funded company, having raised a total of $2.05M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $188.18K, raised on Feb 2010.
The primary company behind eMart Solutions, Emart Solutions India Private Limited, reported revenue of ₹1.5 Lakh for FY 2021, down 100% year on year.
Provider of loyalty solutions for businesses. It offers channel trade loyalty, consumer loyalty, employee, sales incentives and analytics solutions. Its products are FirstHive, a SaaS platform for administering loyalty programs and Worldswipe, a reward management platform. Notable clients are Polycab and Mattel Toys. It caters to FMCG, BFSI, healthcare, travel hospitality, retail, automotive and construction industries.
eMart Solutions's top competitors include Capillary Technologies and Loylty Rewardz.
eMart Solutions has 23 investors. Key investors include V R Kaundinya, Vishal Sukheja, Sridar Iyengar, Sooraj Keswani, and Megha Agarwal.
The valuation of eMart Solutions is $17.03M as of Oct 2016.
eMart Solutions operates through Emart Solutions India Private Limited.
The legal entities of eMart Solutions currently have 3 directors, including Chhavi Aggarwal, Ravindranath Narayana Rao, Manoj Joy P.