About FormBid
FormBid is a Real Estate & Construction company based in Chennai (India) founded in 2022 by Subash Arunachalam. Formwork products are listed online for buyer-seller procurement and sales. It operates in the Real Estate & Construction and Retail sectors. The company has 1 employees. Its Indian entity Formbid Private Limited reported revenue of ₹1.50 Cr. FormBid offers products and services including Formbid Modules and Formbid Tools. Its focus areas include B2B E-Commerce, Home Construction & Improvement, Building Supplies and Diversified. Its competitors include Infra.Market, ArisInfra and Material Depot; 3 of its 3 listed competitors have raised funding.
Company details
FormBid was founded in 2022 in Chennai, India, as an online listing platform focused on formwork products within the construction sector. Identification, procurement, and sales processes are streamlined through the platform, connecting buyers and sellers. Operations are centered on facilitating efficient transactions for formwork items, with the domain formbid.in serving as the primary access point. The founder, Subash Arunachalam, leads the initiative.
- Headquarters Chennai, India
- Employees 1
- Founders Subash Arunachalam
- SectorsReal Estate & ConstructionRetail
- Email••••••••
- Phone•••• ••••
- Website formbid.in
- Social LinkedIn
- Legal Name Formbid Private Limited
- Date of Incorporation 29 Mar, 2022
- Jurisdiction Perungudi, Tamil Nadu, India
- Annual Revenue₹1.50 Cr
FY 2025 · +138% YoY
- Net Profit₹2.2 Lakh
FY 2025 · 1% margin
- EBITDA₹4.4 Lakh
FY 2025 · 3% margin
- Latest Funding Round$30K (USD), Debt – Conventional
Nov 2023
- InvestorsStartupTN
& 1 more
- Employee Count1
Associated legal entities of FormBid
FormBid operates through Formbid 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 |
|---|---|---|---|---|---|---|---|
| Formbid Private Limited CIN U74999TN2022PTC150913 | Active | 29 Mar 2022 | Perungudi, Tamil Nadu | ₹1.5 Cr | 2 | View details |
Products & Services of FormBid
FormBid offers a comprehensive portfolio of products and services, including Formbid Modules and Formbid Tools.
Enables easy procurement and tracking of building materials.
Assists suppliers in discovering and bidding on global projects.
Funding Insights of FormBid
- Total Rounds 2
- Last Round Debt – Conventional — $30,004
- First Round $12,082
(Nov 2022)
- Investors Count 2
All 2 funding rounds of FormBid with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
2 investors in total: 2 institutional.
Investors in FormBid
FormBid has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include StartupTN and CIIC Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Academic-backed incubator is operated in Chennai, India, for startups. | ciic.ventures | Chennai, India | ||
Potato farming, grain marketing, and equipment services in Maine. | 2021 | startuptn.in | Chennai, India |
Investor details for FormBid
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 Formbid Private Limited (FormBid)
Formbid Private Limited is the primary company behind FormBid. The board of Formbid Private Limited currently have 2 directors; the longest-serving is Subash Arunachalam, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Subash Arunachalam DIN 08558373 | Director | 29 Mar 2022 | 4 yrs 6 mo | Formbid Private Limited |
| Karunakaran Packiaraj Richard Neiel DIN 09551991 | Director | 29 Mar 2022 | 4 yrs 6 mo | Formbid Private Limited |
People of FormBid
1 people are tracked at FormBid (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for FormBid
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 FormBid
Figures of Formbid Private Limited, the primary company behind FormBid, for FY 2025. Revenue was ₹1.50 Cr (+138% year on year). Net profit was ₹2.2 Lakh (1% margin). EBITDA was ₹4.4 Lakh (3% margin).
- ₹1.50 CrRevenue · FY 2025 · +138% YoY
- ₹2.2 LakhNet profit · 1% margin
- ₹4.4 LakhEBITDA · 3% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Formbid Private Limited are on its company page.
Detailed financial statements for FormBid
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 FormBid
3 dated milestones of FormBid across 1 years, from founding to its latest funding, stage changes and deals.
- Founded FormBid is founded.
- Funding First funding round of $12K.
- Funding Latest funding round, Debt – Conventional, of $30K.
Competitors of FormBid
FormBid has 3 listed competitors in our database, 3 of them funded. They include Infra.Market, ArisInfra and Material Depot.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| infra.market | 2016 | Thane, India | $783.57M | 3,649 | Digital procurement and supply solutions for construction materials are facilitated. | |
| arisinfra.com | 2021 | Mumbai, India | $25.26M | 191 | Online platform for construction materials procurement and supply is provided. | |
| materialdepot.in | 2020 | Hyderabad, India | $3.63M | 49 | An online platform is provided for sourcing building materials. |
Detailed competitors of FormBid
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about FormBid
FormBid was founded in 2022.
FormBid is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
FormBid has 1 employees.
The primary company behind FormBid, Formbid Private Limited, reported revenue of ₹1.50 Cr for FY 2025, up 138% year on year.
FormBid was founded in 2022 in Chennai, India, as an online listing platform focused on formwork products within the construction sector. Identification, procurement, and sales processes are streamlined through the platform, connecting buyers and sellers. Operations are centered on facilitating efficient transactions for formwork items, with the domain formbid.in serving as the primary access point. The founder, Subash Arunachalam, leads the initiative.
FormBid's top competitors include Infra.Market, ArisInfra and Material Depot.
FormBid offers Formbid Modules and Formbid Tools.
FormBid has 2 investors. Key investors include StartupTN, and CIIC Ventures.
FormBid operates through Formbid Private Limited.
The legal entities of FormBid currently have 2 directors, including Subash Arunachalam, Karunakaran Packiaraj Richard Neiel.