About Growcoms
Growcoms is a company based in Kochi (India) founded in 2020 by Bibin Mathews and Narendranath P. Growcoms has raised $4.59 million across 4 funding rounds from investors including Info Edge, Indigram Labs and JSW Ventures. The company has 40 employees as of April 07, 2024. Growcoms operates in a competitive market with competitors including HyperPure, Jumbotail, Apnaklub, SarvM.AI and ONWO, among others.
- Headquarter Kochi, India
- Employees 40 as on 07 Apr, 2024
- Founders Bibin Mathews, Narendranath P
- Stage Minicorn
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Sectors
RetailAgriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Growcoms Private Limited
- Date of Incorporation 15 Dec, 2020
- Jurisdiction Cochin, Kerala, India
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Annual Revenue
$1.66 M (USD)1119.01as on Mar 31, 2023
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Net Profit
-$257.77 K (USD)-20555.76as on Mar 31, 2023
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EBITDA
-$379.22 K (USD)-17002.04as on Mar 31, 2023
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Total Equity Funding
$4.59 M (USD)
in 4 rounds
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Latest Funding Round
$3.5 M (USD), Series A
Jun 01, 2023
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Investors
Info Edge
& 6 more
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Employee Count
40
as on Apr 07, 2024
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Funding Insights of Growcoms
Growcoms has successfully raised a total of $4.59M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $3.5 million completed in June 2023. 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 Total Funding
- Total Rounds 4
- Last Round Series A — $3.5M
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First Round
First Round
(15 Oct 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series A - Growcoms | Valuation | JSW Ventures , Arali Ventures | |
| Jul, 2022 | Amount | Seed - Growcoms | Valuation | Info Edge |
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| Mar, 2022 | Amount | Seed - Growcoms | Valuation | Indigram labs |
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Investors in Growcoms
Growcoms has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Info Edge, Indigram Labs and JSW Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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JSW Ventures is engaged in venture capital funding for startups.
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Founded Year | Domain | Location | |
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Investment in B2B tech startups at pre-seed and seed stages across various sectors.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Info Edge and Temasek
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Founded Year | Domain | Location |
Investments & Acquisitions by Growcoms
Financial Statements - Growcoms
Growcoms Comparisons
Competitors of Growcoms
Growcoms 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 HyperPure, Jumbotail, Apnaklub, SarvM.AI and ONWO, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Food industry ingredients are supplied via a B2B platform.
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| domain | founded_year | HQ Location |
B2B marketplace platform connecting retailers with brands and staples producers
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| domain | founded_year | HQ Location |
Local wholesale businesses are facilitated via an e-distribution platform.
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| domain | founded_year | HQ Location |
Supply chain digitalization and organization are enabled by AI-powered platform.
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| domain | founded_year | HQ Location |
Customized sweetener solutions and sourcing services are provided for businesses.
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Frequently Asked Questions about Growcoms
Growcoms was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Growcoms is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
Growcoms is a funded company, having raised a total of $4.59M across 4 funding rounds to date. The company's 1st funding round was a Seed of $65.69K, raised on Oct 15, 2021.
As of Apr 07, 2024, the latest employee count at Growcoms is 40.
Annual revenue of Growcoms is $1.66M as on Mar 31, 2023.
Online B2B marketplace offering a range of spices. The catalog includes black cardamom, brown mustards, coriander. black pepper, chilli products, and more. The platform also offers oils and oleoresins. It allows users to track the orders.
Growcoms has 7 investors. Key investors include Info Edge, Indigram Labs, JSW Ventures, Arali Ventures, and Info Edge Ventures.
The valuation of Growcoms is $12.33M as of Jun 2023.