About H3 Mart
H3 Mart is a company based in Bengaluru (India) founded in 2021 by Daksh Asija and Arjun Wadhwa. It operates as a B2B. H3 Mart has raised $1.09 million across 2 funding rounds from investors including Vineet Saxena, Akash Gehani and Anuj Rathi. The company has 17 employees. H3 Mart operates in a competitive market with competitors including Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
- Headquarter Bengaluru, India
- Employees 17
- Founders Daksh Asija, Arjun Wadhwa
- Stage Minicorn
- SectorsTravel & Hospitality
- Website h3mart.com
- Social Facebook
- Legal Name Moraabh Ventures Private Limited
- Date of Incorporation 20 Apr, 2021
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹4.72 Cr
FY 2024 · -70% YoY
- Net Loss-₹1.54 Cr
FY 2024 · -33% margin
- EBITDA-₹1.51 Cr
FY 2024 · -32% margin
- Total Equity Funding$1.09M (USD)
in 2 rounds
- Latest Funding Round$500K (USD), Seed
Feb 2022
- InvestorsKeystone Capital
& 43 more
- Employee Count17
Associated legal entities of H3 Mart
H3 Mart operates through Moraabh Ventures Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Moraabh Ventures Private Limited CIN U72900KA2021PTC146729 | Active | 20 Apr 2021 | Bangalore, Karnataka | ₹4.7 Cr | 17 | 2 | View details |
Funding Insights of H3 Mart
H3 Mart has successfully raised a total of $1.09M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in February 2022. 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 $1.09M
- Total Rounds 2
- Last Round Seed — $500,000
- First Round $589,648
(Jul 2021)
- Investors Count 44
All 2 funding rounds of H3 Mart 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 |
|---|---|---|---|---|---|
| Feb 2022 | $500,000 | Seed | – | Vineet Saxena, Akash Gehani | – |
| Jul 2021 | $589,648 | Seed | $1.92M | Comdex Solutions |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2021 | $1.92M | •••••••• |
Last known valuation $1.92M (Jul 2021). 44 investors in total: 6 institutional and 38 angel.
Investors in H3 Mart
H3 Mart has secured backing from 44 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Vineet Saxena, Akash Gehani and Anuj Rathi.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
US private equity investments are managed by Keystone Capital. | – | keystonecapital.com | Chicago, United States | |
Software development services are provided by Comdex Solutions in Hyderabad. | – | comdexsolutions.tcc.mode | Hyderabad, India | |
- | – | upsidedown.tcc.mode | - | |
Hospitality management and development services are provided by Pride Hospitality. | – | pridehospitality.com | Germantown, United States | |
- | – | blackseedent.com | - | |
Luxury home brokerage services are facilitated in Pune, India. | – | aspirekeystone.tcc.mode | Pune, India | |
VS Vineet Saxena | Angel investor and entrepreneur, focused on tech startups, ex-Adobe and Microsoft | – | unknown_d14a0395df9946629 | - |
AG Akash Gehani | Co-founder of Instamojo, active angel investor in Indian startups | – | unknown_897d383f443e4950a | - |
AR Anuj Rathi | - | – | unknown_e887504bb2ce407d8 | - |
SA Sachin Agarwal | - | – | unknown_abe00b54352b4b66b | - |
Investor details for H3 Mart
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 Moraabh Ventures Private Limited (H3 Mart)
Moraabh Ventures Private Limited is the primary company behind H3 Mart. The board of Moraabh Ventures Private Limited currently have 2 directors; the longest-serving is Arjun Wadhwa, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Arjun Wadhwa DIN 09152138 | Director | 20 Apr 2021 | 5 yrs 5 mo | Moraabh Ventures Private Limited |
| Daksh Asija DIN 09152139 | Director | 20 Apr 2021 | 5 yrs 5 mo | Moraabh Ventures Private Limited |
People of H3 Mart
8 people are tracked at H3 Mart (4 in leadership, 4 in team); the tracked headcount is 17.
| Name | Role | Group |
|---|---|---|
| Co-Founder, CEO | Leadership | |
| Co-Founder | Leadership | |
Anshul Kalra | Head Of Growth | Leadership |
Alabhya Rai | Founder's Office | Leadership |
Sneha Kumari | Manager - Human Resource | Team |
Nishi Bamboly | HR Generalist | Team |
Shanu Thakur | HR Manager | Team |
Irfan Ansari | Sales Manager | Team |
Complete people profiles for H3 Mart
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 H3 Mart
Figures of Moraabh Ventures Private Limited, the primary company behind H3 Mart, for FY 2024. Revenue was ₹4.72 Cr (-70% year on year). Net loss was -₹1.54 Cr (-33% margin). EBITDA was -₹1.51 Cr (-32% margin).
- ₹4.72 CrRevenue · FY 2024 · -70% YoY
- -₹1.54 CrNet loss · -33% margin
- -₹1.51 CrEBITDA · -32% margin
- ₹0.01 CrPaid-up capital
- 17Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Moraabh Ventures Private Limited are on its company page.
Detailed financial statements for H3 Mart
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 H3 Mart
4 dated milestones of H3 Mart across 1 years, from founding to its latest funding, stage changes and deals.
- Founded H3 Mart is founded.
- Funding First funding round of $590K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $500K.
Competitors of H3 Mart
H3 Mart 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 Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coupa.com | 2006 | San Mateo, United States | $169M | 643 | Cloud-based end-to-end spend management software is delivered for businesses. | |
| sage.com | 1981 | United States | – | 1,877 | Cloud-based accounting and payroll solutions for small and medium businesses | |
| tipalti.com | 2010 | Foster, United States | $553M | 360 | Cloud-based procurement and invoice management solutions are offered to businesses. | |
| emburse.com | 2002 | San Francisco, United States | $7.25M | 9 | Corporate cards and expense management are offered to businesses. | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| procurify.com | 2012 | Vancouver, Canada | $82.49M | – | SaaS spend management software is used to automate procure-to-pay operations. | |
| ivalua.com | 2000 | Redwood, United States | $134.45M | 236 | Procurement management solutions are delivered for business operations. | |
| anchanto.com | 2011 | Singapore | $16.1M | 96 | SaaS solutions for e-commerce and logistics operations are delivered. | |
| corcentric.com | 1998 | Mclean, United States | $81.2M | – | Cloud-based procurement automation solutions are delivered to businesses worldwide. |
Detailed competitors of H3 Mart
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to H3 Mart
10 companies that operate in the same segment as H3 Mart (Hotel Supplies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Offers luxury hotel services with hospitality and dining in India and United Kingdom. | 2009 | Delhi, Delhi, India | – | – | – | |
Luxury hotel amenities and collections are supplied worldwide. | 2011 | Sydney, New South Wales, Australia | – | – | – | |
Wholesale packaging solutions are supplied for diverse products. | 1983 | Idaho Falls, Idaho, United States | – | – | – | |
Bespoke fixtures, fit-out, and store maintenance services are offered. | 1992 | Poznan, Greater Poland Voivodeship, Poland | – | – | – | |
Airport hospitality services including meet and assist, lounges, spas, and luggage wrapping in India. | 2021 | Gurugram, Haryana, India | – | USD 78.88 M | 2,089 | |
Janitorial supplies and services are provided for hospitality needs. | 2024 | Westlake, United States | USD 190 K | – | – | |
Manufactures furniture for banquets, restaurants, hotels, cafes, and outdoor settings. | 2000 | Delhi, Delhi, India | – | USD 548.01 K | 17 | |
Custom furniture is designed and manufactured for hospitality venues. | 2008 | San Diego, California, United States | – | – | – | |
CHOICE FURNTECH produces high-quality furniture for schools and hostels. | 2012 | Bengaluru, Karnataka, India | – | – | 74 | |
Manufacturer of guest amenities, airline supplies, and private label beauty products | 2017 | Indore, Madhya Pradesh, India | USD 18.61 M | USD 101.92 | – |
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Frequently Asked Questions about H3 Mart
H3 Mart was founded in 2021.
H3 Mart is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Daksh Asija is the current CEO of H3 Mart. They have also founded this company.
H3 Mart is a funded company, having raised a total of $1.09M across 2 funding rounds to date. The company's 1st funding round was a Seed of $589.65K, raised on Jul 2021.
H3 Mart has 17 employees.
The primary company behind H3 Mart, Moraabh Ventures Private Limited, reported revenue of ₹4.72 Cr for FY 2024, down 70% year on year.
H3 Mart, established in 2021, excels in operating online marketplaces, marketplaces, b2b platforms, and hotel supplies. Operates an online B2B marketplace specializing in hotel supplies. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
H3 Mart's top competitors include Coupa, Sage Group and Airbase.
H3 Mart has 44 investors. Key investors include Vineet Saxena, Akash Gehani, Anuj Rathi, Sachin Agarwal, and Karan Tanna.
The valuation of H3 Mart is $1.92M as of Jul 2021.
H3 Mart operates through Moraabh Ventures Private Limited.
The legal entities of H3 Mart currently have 2 directors, including Arjun Wadhwa, Daksh Asija.