About HomeNeed
HomeNeed is a Retail company based in Bengaluru (India) founded in 2013. An online retail store specializing in groceries. It operates on a B2C model. Its Indian entity Homeneed Agri Private Limited reported revenue of ₹7.10 Cr. Its focus areas include E-commerce, Grocery and Online Shopping. Similar companies include Blinkit, Bigbasket and Swiggy; 3 of its 3 listed similar companies have raised funding.
Company details
HomeNeed, based in Bengaluru, focuses on engaging in retail operations, operating online marketplaces, grocery, and online shopping. An online retail store specializing in groceries. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- SectorsRetail
- Website homeneed.com
- Social X Facebook
- Legal Name Homeneed Agri Private Limited
- Date of Incorporation 23 Jun, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹7.10 Cr
FY 2020 · +92% YoY
- Net Loss-₹1.08 Cr
FY 2020 · -15% margin
- EBITDA-₹1.23 Cr
FY 2020 · -17% margin
Associated legal entities of HomeNeed
HomeNeed is associated with 2 registered companies on The Company Check; the primary company is Homeneed Agri Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Homeneed Agri Private Limited CIN U01100KA2016PTC094405 | Active | 23 Jun 2016 | Bangalore, Karnataka | ₹7.1 Cr | 3 | View details | |
| Fresh Retail Ventures Llp CIN AAN-2793 | Active | 14 Sep 2018 | Bangalore, Karnataka | 2 | View details |
Board of directors of Homeneed Agri Private Limited (HomeNeed)
Homeneed Agri Private Limited is the primary company behind HomeNeed. The boards of the 2 registered companies of HomeNeed currently have 5 directors; the longest-serving is Anand Laxminarayana Bhat, appointed in 2016. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anand Laxminarayana Bhat DIN 06702090 | Director | 23 Jun 2016 | 10 yrs 3 mo | Homeneed Agri Private Limited |
| Ganesh Rajaram Hegde DIN 06702092 | Director | 23 Jun 2016 | 10 yrs 3 mo | Homeneed Agri Private Limited |
| Vidya Krishna Bhat DIN 05344403 | Director | 25 Mar 2021 | 5 yrs 6 mo | Homeneed Agri Private Limited |
| Sarjapuram Lakshmikanth DIN 06908590 | Designated Partner | 19 Jul 2024 | 2 yrs 3 mo | Fresh Retail Ventures Llp |
| Sarjapuram Shreyas DIN 10711692 | Designated Partner | 19 Jul 2024 | 2 yrs 3 mo | Fresh Retail Ventures Llp |
Financials of HomeNeed
Figures of Homeneed Agri Private Limited, the primary company behind HomeNeed, for FY 2020. Revenue was ₹7.10 Cr (+92% year on year). Net loss was -₹1.08 Cr (-15% margin). EBITDA was -₹1.23 Cr (-17% margin). Revenue has grown at a compounded annual rate of +26% over three years.
- ₹7.10 CrRevenue · FY 2020 · +92% YoY
- -₹1.08 CrNet loss · -15% margin
- -₹1.23 CrEBITDA · -17% margin
- ₹1.3 LakhPaid-up capital
- +26%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Homeneed Agri Private Limited are on its company page.
Detailed financial statements for HomeNeed
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.
Similar companies to HomeNeed
HomeNeed has 3 listed similar companies in our database, 3 of them funded. They include Blinkit, Bigbasket and Swiggy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| blinkit.com | 2013 | Gurugram, India | $757.52M | 5,975 | Instant delivery of groceries and essentials is facilitated online. | |
| bigbasket.com | 2011 | Bengaluru, India | $943.07M | 22,095 | Personal and household products are delivered via an e-commerce platform. | |
| swiggy.com | 2014 | Bengaluru, India | $3.62B | 4,953 | Food and grocery items are ordered via an online network. |
Detailed similar companies of HomeNeed
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Food & Grocery Retail
3 companies that operate in the same segment as HomeNeed (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 3.62 B | USD 2.46 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 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | 11,913 |
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Frequently Asked Questions about HomeNeed
HomeNeed was founded in 2013.
HomeNeed is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind HomeNeed, Homeneed Agri Private Limited, reported revenue of ₹7.10 Cr for FY 2020, up 92% year on year.
HomeNeed, based in Bengaluru, focuses on engaging in retail operations, operating online marketplaces, grocery, and online shopping. An online retail store specializing in groceries. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
HomeNeed is associated with 2 legal entities: Homeneed Agri Private Limited, Fresh Retail Ventures Llp.
The legal entities of HomeNeed currently have 5 directors, including Sarjapuram Lakshmikanth, Sarjapuram Shreyas, Vidya Krishna Bhat and others.