About Express Stores
Express Stores is a Retail company based in Gurugram (India) founded in 2019 by Apoorv Jain. Multi-category groceries are provided via an online platform. Express Stores has raised $4.8 million across 3 funding rounds from investors including Angel List, Wellfound and LetsVenture. The company has 18 employees. Express Stores was last valued at $17.61 million in February 2021. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Multi Category. Its legal entity in India is Expressstores Info Retail Private Limited (U93090HR2019PTC082103). Its competitors include Blinkit, Bigbasket and Swiggy; 3 of its 3 listed competitors have raised funding.
Company details
Express Stores was founded in 2019 and is headquartered in Gurugram, India. An online platform is operated for the retail of groceries across multiple categories, including beverages, snacks, spices, daily needs, cleaning essentials, home essentials, meat, seafood, and personal care. Brands such as Limca, Amul, Rajdhani, Cadbury, and Oreo are featured in the catalog. Free shipping is offered on all orders.
- Headquarters Gurugram, India
- Employees 18
- Founders Apoorv Jain
- Stage Minicorn
- SectorsRetail
- Website expressstores.in
- Social LinkedIn
- Legal Name Expressstores Info Retail Private Limited
- Date of Incorporation 20 Aug, 2019
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹83,731
FY 2024 · -99% YoY
- Net Loss-₹21.8 Lakh
FY 2024 · -2598% margin
- EBITDA-₹18.8 Lakh
FY 2024 · -2245% margin
- Total Equity Funding$4.8M (USD)
in 3 rounds
- Latest Funding Round$3.69M (USD), Seed
Feb 2021
- InvestorsAngel List
& 24 more
- Employee Count18
Associated legal entities of Express Stores
Express Stores operates through Expressstores Info Retail 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 |
|---|---|---|---|---|---|---|---|
| Expressstores Info Retail Private Limited CIN U93090HR2019PTC082103 | Active | 20 Aug 2019 | Gurgaon, Haryana | ₹0.0 Cr | 18 | 2 | View details |
Funding Insights of Express Stores
Express Stores has successfully raised a total of $4.8M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $3.69 million completed in February 2021. 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 $4.8M
- Total Rounds 3
- Last Round Seed — $3.69M
- First Round $49,824
(Nov 2019)
- Investors Count 25
All 3 funding rounds of Express Stores 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 |
|---|---|---|---|---|---|
| Feb 2021 | $3.69M | Seed | $17.61M | Venture Highway | |
| Jan 2020 | $1.06M | Seed | $4.33M | Venture Highway | |
| Nov 2019 | $49,824 | Seed | $••••• | Angel List |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2021 | $17.61M | •••••••• |
| Jan 2020 | $4.33M | •••••••• |
| Nov 2019 | $••••• | •••••••• |
Full valuation and stage history of Express Stores
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Verified entity values are shown only after access is granted.
Last known valuation $17.61M (Feb 2021). 25 investors in total: 8 institutional and 17 angel.
Investors in Express Stores
Express Stores has secured backing from 25 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Wellfound and LetsVenture.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments are made in fintech, retail, and healthtech sectors. | 2015 | venturehighway.vc | Delhi, India | |
Early-stage investment in technology sectors is conducted by Sherpalo Ventures. | sherpalo.com | |||
Long-term investments in venture capital and public markets are pursued. | guavacapital.com | |||
Funding is provided to technology startups by AKSS Holdings. | akssholdings.tcc.mode | San Francisco, United States | ||
Investments are made in early-stage companies by Titan Capital. | titancapital.vc | Gurugram, India | ||
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Startup jobs are connected to individuals via a dedicated platform. | 2013 | wellfound.com | New York, United States | |
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
KB Kunal Bahl | Co-founder of Snapdeal, Titan Capital, active angel investor in Indian startups | unknown_37fc9beb9ea347dd9 | ||
AM Anupam Mittal | Founder of Shaadi.com, angel investor, Shark Tank India judge | unknown_5d4e2b6e00014ae5b |
Investor details for Express Stores
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Board of directors of Expressstores Info Retail Private Limited (Express Stores)
Expressstores Info Retail Private Limited is the primary company behind Express Stores. The board of Expressstores Info Retail Private Limited currently have 2 directors; the longest-serving is Kartik Gupta, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kartik Gupta DIN 08541265 | Director | 20 Aug 2019 | 7 yrs 2 mo | Expressstores Info Retail Private Limited |
| Apoorv Jain DIN 08541266 | Director | 20 Aug 2019 | 7 yrs 2 mo | Expressstores Info Retail Private Limited |
People of Express Stores
1 people are tracked at Express Stores (1 in leadership); the tracked headcount is 18.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Express Stores
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Financials of Express Stores
Figures of Expressstores Info Retail Private Limited, the primary company behind Express Stores, for FY 2024. Revenue was ₹83,731 (-99% year on year). Net loss was -₹21.8 Lakh (-2598% margin). EBITDA was -₹18.8 Lakh (-2245% margin). Revenue has grown at a compounded annual rate of -86% over three years.
- ₹83,731Revenue · FY 2024 · -99% YoY
- -₹21.8 LakhNet loss · -2598% margin
- -₹18.8 LakhEBITDA · -2245% margin
- ₹1.7 LakhPaid-up capital
- 18Employees (provident fund records)
- -86%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Expressstores Info Retail Private Limited are on its company page.
Detailed financial statements for Express Stores
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Express Stores
4 dated milestones of Express Stores across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Express Stores is founded.
- Funding First funding round of $50K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $3.7M.
Competitors of Express Stores
Express Stores has 3 listed competitors in our database, 3 of them funded. They include Blinkit, Bigbasket and Swiggy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| blinkit.com | 2013 | Gurugram, India | $757.52M | 5,975 | Instant delivery of groceries and essentials is facilitated online. | |
| bigbasket.com | 2011 | Bengaluru, India | $943.07M | 22,095 | Personal and household products are delivered via an e-commerce platform. | |
| swiggy.com | 2014 | Bengaluru, India | $3.62B | 4,953 | Food and grocery items are ordered via an online network. |
Detailed competitors of Express Stores
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Top companies in Food & Grocery Retail
3 companies that operate in the same segment as Express Stores (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 2.46 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 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | 11,913 |
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Related news about Express Stores
Complete news archive for Express Stores
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Frequently Asked Questions about Express Stores
Express Stores was founded in 2019.
Express Stores is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Express Stores is a funded company, having raised a total of $4.8M across 3 funding rounds to date. The company's 1st funding round was a Seed of $49.82K, raised on Nov 2019.
Express Stores has 18 employees.
The primary company behind Express Stores, Expressstores Info Retail Private Limited, reported revenue of ₹83,731 for FY 2024, down 99% year on year.
Express Stores was founded in 2019 and is headquartered in Gurugram, India. An online platform is operated for the retail of groceries across multiple categories, including beverages, snacks, spices, daily needs, cleaning essentials, home essentials, meat, seafood, and personal care. Brands such as Limca, Amul, Rajdhani, Cadbury, and Oreo are featured in the catalog. Free shipping is offered on all orders.
Express Stores has 25 investors. Key investors include Angel List, Wellfound, LetsVenture, Venture Highway VC, and Kunal Bahl.
The valuation of Express Stores is $17.61M as of Feb 2021.
Express Stores operates through Expressstores Info Retail Private Limited.
The legal entities of Express Stores currently have 2 directors, including Kartik Gupta, Apoorv Jain.