About gocoop
gocoop is an Industrial Goods & Manufacturing company based in Bengaluru (India) founded in 2011 by Siva Devireddy. It operates as an online platform selling Indian handloom products and artisan crafts globally. It operates on a B2C and D2C model in Industrial Goods & Manufacturing and Consumer sectors. gocoop has raised $2.32 million across 6 funding rounds from investors including Amity University, Tholons Capital and Saha Fund. The company has 15 employees. gocoop was last valued at $7.58 million in June 2019. Its Indian entity Gocoop Solutions And Services Private Limited reported revenue of ₹13.93 Cr. gocoop offers products and services including Handloom Sarees, Handwoven Fabrics, Apparel Items, and Home Decor. Its focus areas include Handicrafts, Textiles, Handloom Products and Home and Living. Its competitors include Yeebo, Artisan Glory, Punarnawa, Peeli Dori and Aporv and 2 more.
Company details
GoSwadeshi by GoCoop operates as an e-commerce marketplace that offers authentic Indian handloom sarees, fabrics, apparel, and home decor items directly from artisans. It promotes sustainable crafts and empowers weaver communities by providing a digital platform for sales. Based in Bangalore and Hyderabad, India, it serves global customers through online shopping, focusing on traditional weaves and cultural preservation.
- Headquarters Bengaluru, India
- Employees 15
- Founders Siva Devireddy
- Stage Minicorn
- SectorsIndustrial Goods & ManufacturingConsumer
- Email••••••••
- Website gocoop.com
- Social X Facebook Instagram YouTube
- Legal Name Gocoop Solutions And Services Private Limited
- Date of Incorporation 04 Oct, 2011
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹13.93 Cr
FY 2023 · +9% YoY
- Net Loss-₹86.7 Lakh
FY 2023 · -6% margin
- EBITDA-₹65.8 Lakh
FY 2023 · -5% margin
- Total Equity Funding$2.32M (USD)
in 6 rounds
- Latest Funding Round$125.71K (USD), Series A
Jun 2019
- InvestorsAmity University
& 49 more
- Employee Count15
Associated legal entities of gocoop
gocoop operates through Gocoop Solutions And Services 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 |
|---|---|---|---|---|---|---|---|
| Gocoop Solutions And Services Private Limited CIN U74999KA2011PTC060679 | Active | 04 Oct 2011 | Bangalore, Karnataka | ₹13.9 Cr | 15 | 2 | View details |
Products & Services of gocoop
gocoop offers a comprehensive portfolio of products and services, including Handloom Sarees, Handwoven Fabrics, Apparel Items, and Home Decor.
Traditional Indian sarees crafted by artisans for cultural wear
Fabrics used for clothing and home applications
Handcrafted kurtis and accessories for everyday use
Artisanal items like cushions and baskets for living spaces
Apps and channels of gocoop
its YouTube channel GoCoop has 274 subscribers and 11 videos.
Videos from gocoop
The most watched videos on gocoop's YouTube channel, GoCoop (274 subscribers). Click a video to play it here.
More on GoCoop.
Funding Insights of gocoop
gocoop has successfully raised a total of $2.32M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $125.71 thousand completed in June 2019. 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 $2.32M
- Total Rounds 6
- Last Round Series A — $125,710
- First Round $290,657
(Dec 2013)
- Investors Count 50
All 6 funding rounds of gocoop 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 |
|---|---|---|---|---|---|
| Jun 2019 | $125,710 | Series A | $7.58M | Partithi Investment Trust, Brand Capital | |
| Oct 2018 | $316,888 | Series A | $5.62M | – | |
| Aug 2017 | $467,894 | Series A | $••••• | Capria | |
| Jan 2016 | $830,000 | Series A | $••••• | – | |
| Feb 2015 | $288,981 | Seed | $••••• | Capria | |
| Dec 2013 | $290,657 | Seed | $••••• | Ankur Agarwal, Bharat Mehra |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2019 | $7.58M | •••••••• |
| Oct 2018 | $5.62M | •••••••• |
| Aug 2017 | $••••• | •••••••• |
| Jan 2016 | $••••• | •••••••• |
| Feb 2015 | $••••• | •••••••• |
| Dec 2013 | $••••• | •••••••• |
Full valuation and stage history of gocoop
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $7.58M (Jun 2019). 50 investors in total: 15 institutional and 35 angel.
Investors in gocoop
gocoop has secured backing from 50 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Amity University, Tholons Capital and Saha Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are targeted for VC and PE investments. | – | partithiinvestmenttrust.tcc.mode | - | |
Investments in early-stage startups are made by Brand Capital. | – | brandcapital.co.in | Mumbai, India | |
Venture capital firm investing in applied generative AI | – | capria.vc | Seattle, United States | |
Private investment arm of Kris Gopalakrishnan Family Office. | 2014 | pratithi.com | Bengaluru, India | |
Investments are directed by Saha Fund into diverse tech sectors. | 2014 | sahafund.com | Bengaluru, India | |
Offering seed funding and incubation services to early-stage companies in India. | 2010 | vertexperts.com | Bengaluru, India | |
Provision of venture capital and expertise in Agriculture, Education, Healthcare, and High Tech sectors in India. | 2010 | splicecapital.com | Hyderabad, India | |
Commercial financing solutions for industries like clean technology, construction, and manufacturing. | 2014 | tholonscapital.com | Bengaluru, India | |
Supporting startups with India scale and global potential through venture advisory and partnerships. | – | unitus.vc | - | |
Manufacturer of apparels for men, women, and children | 1978 | texportgarments.com | Mumbai, India |
Investor details for gocoop
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Board of directors of Gocoop Solutions And Services Private Limited (gocoop)
Gocoop Solutions And Services Private Limited is the primary company behind gocoop. The board of Gocoop Solutions And Services Private Limited currently have 2 directors; the longest-serving is Siva Prasad Devireddy, appointed in 2011. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Siva Prasad Devireddy DIN 03552614 | Director | 04 Oct 2011 | 15 yrs | Gocoop Solutions And Services Private Limited |
| Ankita Vashistha DIN 00895245 | Director | 28 Apr 2016 | 10 yrs 5 mo | Gocoop Solutions And Services Private Limited |
People of gocoop
8 people are tracked at gocoop (2 in leadership, 6 in team); the tracked headcount is 15.
| Name | Role | Group |
|---|---|---|
| ex-Founder | Leadership | |
Manish Abbhi | Assistant General Manager | Leadership |
Biswaranjan Paramanik | Deputy Manager-E commerce Operations | Team |
Panchali Chakraborty | Assistant Manager | Team |
Akshitha Upadyayula | Customer Engagement And Marketing Strategy | Team |
Pramod Sur | Service Executive | Team |
Kaushik PN | Deputy Manager - Vendor Management & Operations | Team |
Ganesh Bhargava Vurukonda | Deputy Manager | Team |
Complete people profiles for gocoop
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of gocoop
Figures of Gocoop Solutions And Services Private Limited, the primary company behind gocoop, for FY 2023. Revenue was ₹13.93 Cr (+9% year on year). Net loss was -₹86.7 Lakh (-6% margin). EBITDA was -₹65.8 Lakh (-5% margin). Revenue has grown at a compounded annual rate of +5% over three years and +14% over five years.
- ₹13.93 CrRevenue · FY 2023 · +9% YoY
- -₹86.7 LakhNet loss · -6% margin
- -₹65.8 LakhEBITDA · -5% margin
- ₹18 LakhPaid-up capital
- 15Employees (provident fund records)
- +5%Revenue CAGR, 3 years
- +14%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Gocoop Solutions And Services Private Limited are on its company page.
Detailed financial statements for gocoop
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of gocoop
4 dated milestones of gocoop across 8 years, from founding to its latest funding, stage changes and deals.
- Founded gocoop is founded.
- Funding First funding round of $291K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $126K.
Competitors of gocoop
gocoop has 7 listed competitors in our database. They include Yeebo, Artisan Glory, Punarnawa, Peeli Dori and Aporv, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| yeebo.app | 2020 | Delhi, India | – | – | An online platform offering a variety of handmade products. | |
| artisanglory.com | 2017 | Lucknow, India | – | – | Functions as an online marketplace featuring a wide range of multi-category fashion products for diverse customer needs. | |
| punarnawa.com | 2011 | Rourkela, India | – | – | Operates an e-commerce store specializing in handcrafted products. | |
| peelidori.com | 2015 | Delhi, India | – | – | Online platform selling Indian sarees, dresses, and ethnic wear for women. | |
| aporv.com | 2010 | Bengaluru, India | – | – | Operates an online marketplace specializing in handcrafted fashion products. | |
| onlinebazarindia.com | 2020 | Nadia, India | – | – | Operates an online retail platform specializing in fashion products. | |
| rianaa.com | 2015 | Gurugram, India | – | – | Operates an upcoming online marketplace for designer products. |
Detailed competitors of gocoop
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Web traffic of gocoop
Websites that share an audience with gocoop (gocoop.com).
Websites whose visitors overlap most with gocoop. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| thechennaisilks.com | 100% | 12K | #2,272,450 | View details | |
| cbazaar.com | 74% | 267.6K | #136,134 | View details | |
boyanika.com | boyanika.com | 60% | – | #1,234,736 | – |
| ica.coop | 30% | 112.4K | #371,745 | View details | |
ica-ap.coop | ica-ap.coop | 21% | – | – | – |
Top companies in Textile & Yarn Production
10 companies that operate in the same segment as gocoop (Textile & Yarn Production), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of regenerated nylon yarn and polymers for textiles and plastics | 1965 | Arco, Trentino-alto Adige, Italy | USD 171.28 M | USD 611.99 M | 2,490 | |
Bicycle manufacturing, sales, and accessory services in India. | 1956 | Gurugram, Haryana, India | – | USD 246.88 M | 2,472 | |
Fabrics, synthetic yarns, viscose, chemicals, and linen products are manufactured. | 1947 | Ujjain, Madhya Pradesh, India | – | USD 18.65 B | 47,020 | |
Home textile products are manufactured, retailed, and distributed globally. | 1985 | Bengaluru, Karnataka, India | – | USD 253.24 M | 8,060 | |
Yarns, threads, and craft accessories are manufactured by DMC. | 1746 | Edison, New Jersey, United States | – | – | – | |
Sustainable fabric materials are developed via microbial fermentation processes. | 2007 | Tsuruoka, Yamagata, Japan | USD 489.35 M | – | 81 | |
CIEL is a Mauritian conglomerate operating in multiple sectors. | 1912 | Ebene, Plaines Wilhems, Mauritius | USD 38.43 M | – | – | |
GHCL Textiles Limited is a leading manufacturer and supplier of yarns, including open-end yarns, ring-spun cotton yarns, blend ring-spun yarns, and... | 1927 | Noida, Uttar Pradesh, India | – | USD 139.52 M | 3,050 | |
Conglomerate having interest in Manufacturing, Finance, Fashion and Telecom. | 1956 | Mumbai, Maharashtra, India | – | USD 15.45 B | 23,055 | |
Industrial thread is manufactured by Coats for global industries. | 1755 | Uxbridge, Greater London, United Kingdom | – | USD 1.49 B | – |
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Related news about Gocoop
Complete news archive for gocoop
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Frequently Asked Questions about gocoop
gocoop was founded in 2011 and raised its 1st funding round 2 years after it was founded.
gocoop is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
gocoop is a funded company, having raised a total of $2.32M across 6 funding rounds to date. The company's 1st funding round was a Seed of $290.66K, raised on Dec 2013.
gocoop has 15 employees.
The primary company behind gocoop, Gocoop Solutions And Services Private Limited, reported revenue of ₹13.93 Cr for FY 2023, up 9% year on year.
GoSwadeshi by GoCoop operates as an e-commerce marketplace that offers authentic Indian handloom sarees, fabrics, apparel, and home decor items directly from artisans. It promotes sustainable crafts and empowers weaver communities by providing a digital platform for sales. Based in Bangalore and Hyderabad, India, it serves global customers through online shopping, focusing on traditional weaves and cultural preservation.
gocoop's top competitors include Aporv, Online bazar india and Rianaa.
gocoop offers Handloom Sarees, Handwoven Fabrics, Apparel Items, and Home Decor.
gocoop has 50 investors. Key investors include Amity University, Tholons Capital, Saha Fund, Vertexperts Consulting, and Splice Capital.
The valuation of gocoop is $7.58M as of Jun 2019.
gocoop operates through Gocoop Solutions And Services Private Limited.
The legal entities of gocoop currently have 2 directors, including Siva Prasad Devireddy, Ankita Vashistha.