About Erice
Erice is a Retail company based in Hyderabad (India) founded in 2019. App-based retailer specializing in rice products. It operates on a B2C model. The company has 1 employees. Its Indian entity E Nxt Indian Mart Private Limited reported revenue of ₹1.45 Cr. Its focus areas include Consumer Goods, Food and Beverage and Online Grocery. Its competitors include Him Shakti, Better Alt and Savannah Seeds; 2 of its 3 listed competitors have raised funding.
Company details
Erice app-based retailer specializing in rice products through producing consumer products, food and beverage, engaging in retail operations, and online grocery. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Hyderabad, India
- Employees 1
- SectorsRetail
- Email••••••••
- Website erice.in
- Social Facebook Instagram
- Legal Name E Nxt Indian Mart Private Limited
- Date of Incorporation 20 Mar, 2021
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹1.45 Cr
FY 2024 · +30% YoY
- Net Profit₹1.2 Lakh
FY 2024 · 1% margin
- EBITDA₹2 Lakh
FY 2024 · 1% margin
- Employee Count1
Associated legal entities of Erice
Erice operates through E Nxt Indian Mart 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 |
|---|---|---|---|---|---|---|---|
| E Nxt Indian Mart Private Limited CIN U51909TG2021PTC149859 | Active | 20 Mar 2021 | Hyderabad, Telangana | ₹1.5 Cr | 2 | View details |
Apps and channels of Erice
Erice publishes 1 mobile app with over 50K+ downloads.
Board of directors of E Nxt Indian Mart Private Limited (Erice)
E Nxt Indian Mart Private Limited is the primary company behind Erice. The board of E Nxt Indian Mart Private Limited currently have 2 directors; the longest-serving is Narendra Kumar Balijepalli, appointed in 2023. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Narendra Kumar Balijepalli DIN 09002221 | Director | 14 Nov 2023 | 3 yrs | E Nxt Indian Mart Private Limited |
| Venkata Radha Krishna Thatavarthi DIN 01804151 | Director | 15 Aug 2024 | 2 yrs 2 mo | E Nxt Indian Mart Private Limited |
Financials of Erice
Figures of E Nxt Indian Mart Private Limited, the primary company behind Erice, for FY 2024. Revenue was ₹1.45 Cr (+30% year on year). Net profit was ₹1.2 Lakh (1% margin). EBITDA was ₹2 Lakh (1% margin).
- ₹1.45 CrRevenue · FY 2024 · +30% YoY
- ₹1.2 LakhNet profit · 1% margin
- ₹2 LakhEBITDA · 1% margin
- ₹5 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of E Nxt Indian Mart Private Limited are on its company page.
Detailed financial statements for Erice
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.
Competitors of Erice
Erice has 3 listed competitors in our database, 2 of them funded. They include Him Shakti, Better Alt and Savannah Seeds.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| him-shakti.com | 2013 | Dehradun, India | $444,495 | Internet first brand of rice, millets, salt, and spices | ||
| thebetteralt.com | 2021 | Mumbai, India | $297,119 | 79 | Internet first brand of mushroom coffee, millet & beet root powder | |
| savannahseeds.com | 2010 | Gurugram, India | Provides hybrid rice seeds and sustainable farming solutions for Indian growers. |
Detailed competitors of Erice
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- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Food & Grocery Retail
3 companies that operate in the same segment as Erice (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 2.51 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 | |
Quick-commerce platform delivering groceries, household essentials and other everyday products in India. | 2013 | Gurugram, Haryana, India | USD 757.12 M | 11,913 |
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Frequently Asked Questions about Erice
Erice was founded in 2019.
Erice is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Erice has 1 employees.
The primary company behind Erice, E Nxt Indian Mart Private Limited, reported revenue of ₹1.45 Cr for FY 2024, up 30% year on year.
Erice app-based retailer specializing in rice products through producing consumer products, food and beverage, engaging in retail operations, and online grocery. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Erice's top competitors include Better Alt, Savannah Seeds and Him Shakti.
Erice operates through E Nxt Indian Mart Private Limited.
The legal entities of Erice currently have 2 directors, including Venkata Radha Krishna Thatavarthi, Narendra Kumar Balijepalli.
Yes. Erice publishes E-rice is now OxyRice, with over 50,000 downloads.