About Growcoms
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Growcoms is a company based in Kochi (India) founded in 2020 by Bibin Mathews and Narendranath P. Growcoms has raised $4.6 million across 5 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
- SectorsRetailAgriculture
- EmailLocked
- PhoneLocked
- WebsiteLocked
- SocialLocked
- Tags
- Legal Name Growcoms Private Limited
- Date of Incorporation 15 Dec, 2020
- Jurisdiction Kochi, Kerala, India
- Annual Revenue$1.66 M (USD)1119.01as on Mar 31, 2023
- Net Profit-$257.77 K (USD)-20555.76as on Mar 31, 2023
- EBITDA-$379.22 K (USD)-17002.04as on Mar 31, 2023
- Total Equity Funding$4.6 M (USD)
in 5 rounds
- Latest Funding Round$12.93 K (USD), Angel Round
Jun 01, 2023
- InvestorsInfo Edge
& 6 more
- Employee Count40
as on Apr 07, 2024
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Board of directors of Growcoms
The boards of Growcoms's legal entities currently have 5 directors; the longest-serving is Kurien George Kannanthanam, appointed in 2022. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kurien George Kannanthanam DIN 09478109 | Managing Director | 22 Feb 2022 | 4 yrs 7 mo | Growcoms Private Limited |
| Prem Nath Narendra Nath DIN 03421516 | Director | 22 Feb 2022 | 4 yrs 7 mo | Growcoms Private Limited |
| Bibin Mathews DIN 09480913 | Director | 22 Feb 2022 | 4 yrs 7 mo | Growcoms Private Limited |
| Raghunandan Rajiv DIN 06967877 | Nominee Director | 01 Dec 2023 | 2 yrs 10 mo | Growcoms Private Limited |
| Sachin Tagra DIN 08550833 | Nominee Director | 01 Dec 2023 | 2 yrs 10 mo | Growcoms Private Limited |
Legal entities of Growcoms
Growcoms operates through one registered legal entity, Growcoms Private Limited (active).
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors |
|---|---|---|---|---|---|---|
| Growcoms Private Limited CIN U15400KL2020PTC066370 | Active | 15 Dec 2020 | Kochi, Kerala | ₹37.6 Cr | 40 | 5 |
Apps and channels of Growcoms
Growcoms publishes 2 mobile apps with over 100 downloads.
Funding Insights of Growcoms
Growcoms has successfully raised a total of $4.6M across 5 strategic funding rounds. The most recent funding activity was a Angel Round of $12.93 thousand 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 $4.6M
- Total Rounds 5
- Last Round Angel Round — $12,925
- First Round $19,949
(15 Oct 2021)
- Investors Count 7
Latest 3 of 5 funding rounds of Growcoms. Round-by-round valuations and the complete history are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 01 Jun 2023 | $3.5M | Series A | Locked | JSW Ventures , Arali Ventures | |
| 01 Jun 2023 | $12,925 | Angel Round | – | – | – |
| 07 Jul 2022 | $1.0M | Seed | Locked | Info Edge | – |
- $12.3MLast known valuation (Jun 2023)
- MinicornCurrent growth stage
- MinicornReached in Mar 2022
- 7 investors5 institutional, 2 angel
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 |
|---|---|---|---|---|
JSW Ventures is engaged in venture capital funding for startups. | Locked | Locked | Locked | |
Investment in B2B tech startups at pre-seed and seed stages across various sectors. | Locked | Locked | Locked | |
Venture capital firm backed by Info Edge and Temasek | Locked | Locked | Locked |
Investor details for Growcoms
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Timeline of Growcoms
4 dated milestones of Growcoms across 3 years, from founding to its latest funding, stage changes and deals.
- Growcoms is founded.
- First funding round of $20K.
- Reaches Minicorn status.
- Latest funding round, Angel Round, of $13K.
Financial Statements - Growcoms
Detailed financials for Growcoms
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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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| Locked | 2015 | Delhi, India | $1.1M | 3,302 | Food industry ingredients are supplied via a B2B platform. | |
| Locked | 2015 | Bengaluru, India | $279.4M | 437 | B2B marketplace platform connecting retailers with brands and staples producers | |
| Locked | 2019 | Bengaluru, India | $32.6M | 388 | Local wholesale businesses are facilitated via an e-distribution platform. | |
| Locked | 2022 | Bengaluru, India | $60,670 | – | Supply chain digitalization and organization are enabled by AI-powered platform. | |
| Locked | 2022 | Bengaluru, India | $1.6M | – | Customized sweetener solutions and sourcing services are provided for businesses. |
Detailed competitors of Growcoms
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Latest news on Growcoms
Complete news archive for Growcoms
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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 $4.6M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1M, 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.
Growcoms operates through Growcoms Private Limited.
Growcoms is classified as a minicorn.
The legal entities of Growcoms currently have 5 directors, including Raghunandan Rajiv, Sachin Tagra, Kurien George Kannanthanam and others.
Yes. Growcoms publishes Agrilin and 1 more app, with over 100 downloads.