About Gobasco
Gobasco is a Retail company based in Delhi (India) founded in 2017 by Abhishek Sharma and Vedant Katiyar. Agricultural produce supply chain is managed from farm to business. It operates in the Retail and Agriculture sectors. Gobasco has raised $878.3 thousand across 1 funding round from investors including Z47. The company has 5 employees. Gobasco was last valued at $5.23 million in November 2017. Its chief executive, as recorded, is Vedant Katiyar. Its focus areas include B2B E-Commerce, Food & Beverages, Groceries and Farm Products. Its legal entity in India is Gobasco Private Limited (U01100UP2017PTC089043). Its competitors include WayCool, FarMart and Ninjacart; 3 of its 3 listed competitors have raised funding.
Company details
Gobasco is tech-enabled manager of supply chain of agricultural produce from farm to business. Claims to be developing a software platform for internal consumption and for supply chain optimization. The software will integrate with satellite imagery, geo-location services and data streams (manual) from produce markets, traders, and farmers. The company also claims that it is developing artificial intelligence algorithms that leverage machine learning techniques for supply chain optimization and computer vision for efficient sorting and grading of the produce. The primary business model appears to be procurement of produce from farmers at pre-determined costs, sorting and grading and supplying the produce to bulk buyers including traders and wholesaleretail businesses. The company claims to be asset light and uses existing inventory for procurement and transportation. As of Nov, 2017, the company claims to be receiving a demand of 6000 tons of fruits and vegetables per month and is looking to hit MRR of INR 120M by end of 2018.
- Headquarters Delhi, India
- Employees 5
- Founders Abhishek Sharma, Vedant Katiyar
- Stage Minicorn
- SectorsRetailAgriculture
- Email••••••••
- Website gobasco.com
- Social LinkedIn X Facebook
- Legal Name Gobasco Private Limited
- Date of Incorporation 11 Jan, 2017
- Jurisdiction Lucknow, Uttar Pradesh, India
- Annual Revenue₹17,190
FY 2023 · +186% YoY
- Net Loss-₹71,210
FY 2023 · -414% margin
- EBITDA-₹22,810
FY 2023 · -133% margin
- Total Equity Funding$878.3K (USD)
in 1 rounds
- Latest Funding Round$878.3K (USD), Seed
Nov 2017
- Investors
- Employee Count5
Associated legal entities of Gobasco
Gobasco operates through Gobasco Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gobasco Private Limited CIN U01100UP2017PTC089043 | Active | 11 Jan 2017 | Lucknow, Uttar Pradesh | ₹0.0 Cr | 5 | 2 | View details |
Funding Insights of Gobasco
Gobasco has successfully raised a total of $878.3K through 1 strategic funding round. The most recent funding activity was a Seed round of $878.3 thousand completed in November 2017. 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 $878,298
- Total Rounds 1
- Last Round Seed — $878,298
- First Round $878,298
(Nov 2017)
- Investors Count 1
All 1 funding rounds of Gobasco 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 |
|---|---|---|---|---|---|
| Nov 2017 | $878,298 | Seed | $5.23M | Z47 | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2017 | $5.23M | •••••••• |
Last known valuation $5.23M (Nov 2017). 1 investors in total: 1 institutional.
Investors in Gobasco
Gobasco has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Z47.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investment firm | z47.com | Bengaluru, India |
Investor details for Gobasco
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Board of directors of Gobasco Private Limited (Gobasco)
Gobasco Private Limited is the primary company behind Gobasco. The board of Gobasco Private Limited currently have 2 directors; the longest-serving is Vedant Katiyar, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vedant Katiyar DIN 06473313 | Director | 11 Jan 2017 | 9 yrs 9 mo | Gobasco Private Limited |
| Sangeeta Katiyar DIN 10243507 | Director | 25 Sep 2024 | 2 yrs 1 mo | Gobasco Private Limited |
People of Gobasco
4 people are tracked at Gobasco (2 in leadership, 2 in team); the tracked headcount is 5.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Khushvendra Singh | Senior Executive Procurement | Team |
Rohit Gautam | Supply Chain | Team |
Complete people profiles for Gobasco
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Financials of Gobasco
Figures of Gobasco Private Limited, the primary company behind Gobasco, for FY 2023. Revenue was ₹17,190 (+186% year on year). Net loss was -₹71,210 (-414% margin). EBITDA was -₹22,810 (-133% margin). Revenue has grown at a compounded annual rate of -80% over three years and -79% over five years.
- ₹17,190Revenue · FY 2023 · +186% YoY
- -₹71,210Net loss · -414% margin
- -₹22,810EBITDA · -133% margin
- ₹1.3 LakhPaid-up capital
- 5Employees (provident fund records)
- -80%Revenue CAGR, 3 years
- -79%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Gobasco Private Limited are on its company page.
Detailed financial statements for Gobasco
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Timeline of Gobasco
3 dated milestones of Gobasco, from founding to its latest funding, stage changes and deals.
- Founded Gobasco is founded.
- Funding First funding round of $878K.
- Milestone Reaches Minicorn status.
Competitors of Gobasco
Gobasco has 3 listed competitors in our database, 3 of them funded. They include WayCool, FarMart and Ninjacart.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| waycool.in | 2015 | Chennai, India | $365.53M | 164 | Provider of food supply chain management and farming solutions. | |
| farmart.co | 2015 | Gurugram, India | $51.11M | 296 | SaaS-based B2B solutions for food supply chains are provided. | |
| ninjacart.com | 2015 | Bengaluru, India | $507.77M | 1,103 | B2B platform offering vegetables and fruits |
Detailed competitors of Gobasco
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Top companies in Food & Grocery Retail
3 companies that operate in the same segment as Gobasco (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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Related news about Gobasco
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Frequently Asked Questions about Gobasco
Gobasco was founded in 2017.
Gobasco is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Vedant Katiyar is the CEO of Gobasco, as recorded in our data. They have also founded this company.
Gobasco is a funded company, having raised a total of $878.3K across 1 funding round to date. The company's 1st funding round was a Seed of $878.3K, raised on Nov 2017.
Gobasco has 5 employees.
The primary company behind Gobasco, Gobasco Private Limited, reported revenue of ₹17,190 for FY 2023, up 186% year on year.
Gobasco is tech-enabled manager of supply chain of agricultural produce from farm to business. Claims to be developing a software platform for internal consumption and for supply chain optimization. The software will integrate with satellite imagery, geo-location services and data streams (manual) from produce markets, traders, and farmers. The company also claims that it is developing artificial intelligence algorithms that leverage machine learning techniques for supply chain optimization and computer vision for efficient sorting and grading of the produce. The primary business model appears to be procurement of produce from farmers at pre-determined costs, sorting and grading and supplying the produce to bulk buyers including traders and wholesaleretail businesses. The company claims to be asset light and uses existing inventory for procurement and transportation. As of Nov, 2017, the company claims to be receiving a demand of 6000 tons of fruits and vegetables per month and is looking to hit MRR of INR 120M by end of 2018.
Gobasco has 1 investor. Key investors include Z47.
The valuation of Gobasco is $5.23M as of Nov 2017.
Gobasco operates through Gobasco Private Limited.
The legal entities of Gobasco currently have 2 directors, including Sangeeta Katiyar, Vedant Katiyar.