About Essmart
Essmart is a company based in Bengaluru (India) founded in 2011 by Taylor Matthews, Prashanth Venkataramana, and Poonacha kalengada. The company has 22 employees. Essmart offers products and services including Essmart Dealer App, Curated Livelihood Products, and Market Research Services. Essmart operates in a competitive market with competitors including ShopKirana, Vilcart, XPAND, Farmkart and UdyamWell, among others.
- Headquarter Bengaluru, India
- Employees 22
- Founders Taylor Matthews, Prashanth Venkataramana, Poonacha kalengada
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website essmart-global.com
- Social LinkedIn X Facebook
- Legal Name Essential Marketplace Solutions India Private Limited
- Date of Incorporation 11 Oct, 2012
- Jurisdiction Coimbatore, Tamil Nadu, India
- Annual Revenue₹8.02 Cr
FY 2025 · +14% YoY
- Net Loss-₹1.62 Cr
FY 2025 · -20% margin
- EBITDA-₹1.60 Cr
FY 2025 · -20% margin
- InvestorsElea Foundation
& 2 more
- Employee Count22
Associated legal entities of Essmart
Essmart operates through Essential Marketplace Solutions India 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 |
|---|---|---|---|---|---|---|---|
| Essential Marketplace Solutions India Private Limited CIN U51900TZ2012FTC018825 | Active | 11 Oct 2012 | Coimbatore, Tamil Nadu | ₹8.0 Cr | 22 | 5 | View details |
Products & Services of Essmart
Essmart offers a comprehensive portfolio of products and services, including Essmart Dealer App, Curated Livelihood Products, and Market Research Services.
App for shop owners to manage orders and access rewards
Platform offering agriculture and clean-tech items for rural sales
Services for product testing and rural market analysis
Apps and channels of Essmart
Essmart publishes 1 mobile app with over 5K+ downloads.
Funding Insights of Essmart
- Total Rounds 3
- Investors Count 3
All 3 funding rounds of Essmart 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 |
|---|---|---|---|---|---|
| Sep 2018 | – | Seed | – | – | |
| Sep 2018 | – | Grant | – | – | |
| Sep 2018 | – | Debt – Conventional | – | – |
3 investors in total: 3 institutional.
Investors in Essmart
Essmart has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Elea Foundation, DEG and Swiss Re Foundation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on growth equities | – | deginvest.de | Cologne, Germany | |
Non-profit company focused on fighting poverty with entrepreneurial means | – | elea-foundation.org | Zurich, Switzerland | |
Supports innovative projects for societal resilience in climate and health sectors. | 2012 | swissrefoundation.org | Zurich, Switzerland |
Investor details for Essmart
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 Essential Marketplace Solutions India Private Limited (Essmart)
Essential Marketplace Solutions India Private Limited is the primary company behind Essmart. The board of Essential Marketplace Solutions India Private Limited currently have 3 directors; the longest-serving is Jacqueline Eve, appointed in 2012. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jacqueline Eve DIN 06367596 | Nominee Director | 11 Oct 2012 | 14 yrs | Essential Marketplace Solutions India Private Limited |
| Prashanth Venkata Ramana DIN 06642748 | Director | 25 Jul 2013 | 13 yrs 2 mo | Essential Marketplace Solutions India Private Limited |
| Kalengada Achaiah Poonacha DIN 10337798 | Director | 29 Sep 2023 | 3 yrs | Essential Marketplace Solutions India Private Limited |
People of Essmart
8 people are tracked at Essmart (3 in leadership, 4 in board & advisors, 1 in team); the tracked headcount is 22.
| Name | Role | Group |
|---|---|---|
Taylor Matthews | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Farahnaz Karim | Advisor | Board & advisors |
Adrian Ackeret | Advisor | Board & advisors |
Jayan Ramankutty | Member Board Of Directors | Board & advisors |
Jackie Stenson | Co-Founder & Executive Chair | Board & advisors |
Lucia Tonachel | Global Outreach & Fellowship Manager | Team |
Complete people profiles for Essmart
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 Essmart
Figures of Essential Marketplace Solutions India Private Limited, the primary company behind Essmart, for FY 2025. Revenue was ₹8.02 Cr (+14% year on year). Net loss was -₹1.62 Cr (-20% margin). EBITDA was -₹1.60 Cr (-20% margin). Revenue has grown at a compounded annual rate of -5% over three years and +2% over five years.
- ₹8.02 CrRevenue · FY 2025 · +14% YoY
- -₹1.62 CrNet loss · -20% margin
- -₹1.60 CrEBITDA · -20% margin
- ₹12.33 CrPaid-up capital
- 22Employees (provident fund records)
- -5%Revenue CAGR, 3 years
- +2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Essential Marketplace Solutions India Private Limited are on its company page.
Detailed financial statements for Essmart
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 Essmart
2 dated milestones of Essmart across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Essmart is founded.
- Funding First funding round.
Competitors of Essmart
Essmart 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 ShopKirana, Vilcart, XPAND, Farmkart and UdyamWell, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| shopkirana.com | 2015 | Indore, India | $59.21M | 277 | Provider of B2B procurement platform for grocery retailers | |
| vilcart.in | 2018 | Bengaluru, India | $31.38M | 1,214 | Tech-enabled logistics solutions are provided for rural retailers in India. | |
| xpand.co.in | 2021 | Noida, India | $1.5M | 65 | Online B2B rural aggregator platform connecting brands with kirana stores | |
| farmkartgroup.com | 2017 | Indore, India | $2.35M | 22 | An app-based platform for farming products and services is operated. | |
| udyamwell.com | 2023 | Mandi, India | – | – | Products of rural entrepreneurs are sold via an online platform. |
Detailed competitors of Essmart
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.
Similar companies to Essmart
10 companies that operate in the same segment as Essmart (Rural Ecommerce), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Tech-driven platform for small retailers to manage their working capital and stock | 2020 | Jakarta, Jakarta, Indonesia | USD 140.6 M | USD 121.32 M | – | |
Rural B2B e-commerce and logistics platform is operated. | 2014 | Pune, Maharashtra, India | USD 461.5 M | USD 583.27 M | 1,928 | |
Multi-category beauty and healthcare products for women are retailed online. | 2016 | Nairobi, Kenya | USD 29.47 M | – | – | |
Provider of fintech and agritech company to connect rural communities with urban businesses | 2012 | Hyderabad, Telangana, India | USD 6.56 M | USD 126.44 M | 24 | |
Provider of B2B procurement platform for grocery retailers | 2015 | Indore, Madhya Pradesh, India | USD 59.21 M | USD 54.87 M | 743 | |
Tech-enabled logistics solutions are provided for rural retailers in India. | 2018 | Bengaluru, Karnataka, India | USD 31.38 M | USD 57.99 M | 886 | |
Rozana is focused on rural e-commerce in India. | 2020 | Delhi, Delhi, India | USD 57.67 M | USD 3.58 M | – | |
Solar installations are provided in urban and rural areas. | 2011 | Jaipur, Rajasthan, India | USD 4.62 M | USD 850.98 K | 88 | |
Digitized convenience store network solutions for retailers | 2019 | Ahmedabad, Gujarat, India | USD 6.33 M | USD 9.93 M | 35 | |
Vernacular social commerce solutions are delivered via live video shopping. | 2018 | Noida, Uttar Pradesh, India | USD 8.66 M | – | – |
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Frequently Asked Questions about Essmart
Essmart was founded in 2011 and raised its 1st funding round 7 years after it was founded.
Essmart is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Prashanth Venkataramana is the current CEO of Essmart. They have also founded this company.
Essmart has 22 employees.
The primary company behind Essmart, Essential Marketplace Solutions India Private Limited, reported revenue of ₹8.02 Cr for FY 2025, up 14% year on year.
Essmart was founded in 2011 in Bengaluru, India. A B2B e-commerce platform is operated to connect rural retail shops with farmer producer organizations and villages, addressing supply chain gaps. Market research and targeted rural marketing campaigns are conducted, while distribution is streamlined through technology and a last-mile network. A mobile app is offered to shop owners for order management and sales growth.
Essmart's top competitors include ShopKirana, Vilcart and XPAND.
Essmart offers Essmart Dealer App, Curated Livelihood Products, and Market Research Services.
Essmart has 3 investors. Key investors include Elea Foundation, DEG, and Swiss Re Foundation.
Essmart operates through Essential Marketplace Solutions India Private Limited.
The legal entities of Essmart currently have 5 directors, including Kalengada Achaiah Poonacha, Prashanth Venkata Ramana, Sridhara Bangalore Supreeth and others.
Yes. Essmart publishes Essmart, with over 5,000 downloads.