About Honesthome
Honesthome is a company based in Sonipat (India) founded in 2019 by Mayank Sisodia.. Honesthome has raised $956.86 thousand across 3 funding rounds from investors including OG Capital, Anupam Mittal and Amit Jain. The company has 1 employees as of April 08, 2024. Honesthome operates in a competitive market with competitors including BECO, Happi Planet, BubbleNutWash, Cleevo and Homehygiene.co, among others.
- Headquarter Sonipat, India
- Employees 1 as on 08 Apr, 2024
- Founders Mayank Sisodia
- Stage Minicorn
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Sectors
RetailConsumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Xyntac Retail Private Limited
- Date of Incorporation 12 Mar, 2019
- Jurisdiction Sonepat, Haryana, India
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Annual Revenue
$1.39 M (USD)393.59as on Mar 31, 2023
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Net Profit
$10.3 K (USD)163.48as on Mar 31, 2023
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EBITDA
$-41.84 K (USD)50.68as on Mar 31, 2023
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Total Equity Funding
$956.86 K (USD)
in 3 rounds
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Latest Funding Round
$800 K (USD), Seed
Feb 11, 2025
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Investors
OG Capital
& 15 more
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Employee Count
1
as on Apr 08, 2024
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Funding Insights of Honesthome
Honesthome has successfully raised a total of $956.86K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $800 thousand completed in February 2025. 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 3
- Last Round Seed — $800,000
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First Round
First Round
(18 Jul 2022)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Seed - Honesthome | Valuation | Ortella Global Capital | |
| Jan, 2024 | Amount | Angel Round - Honesthome | Valuation | Puru Gupta , Amit Jain | |
| Jul, 2022 | Amount | Angel Round - Honesthome | Valuation | Rajan Sharma |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Honesthome
Honesthome has secured backing from 16 investors, including venture fund and angel investors. Prominent investors backing the company include OG Capital, Anupam Mittal and Amit Jain. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital funding is offered to support innovative startups.
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Founded Year | Domain | Location | |
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AM
Anupam Mittal |
Founder of Shaadi.com, angel investor, Shark Tank India judge
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Founded Year | Domain | Location |
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AJ
Amit Jain |
CEO of CarDekho, prominent angel investor in Indian startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Honesthome
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Honesthome
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Honesthome Comparisons
Competitors of Honesthome
Honesthome 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 BECO, Happi Planet, BubbleNutWash, Cleevo and Homehygiene.co, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Eco-friendly home, kitchen, and personal care products are provided online.
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| domain | founded_year | HQ Location |
Eco-friendly home cleaners are supplied by Happi Planet.
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| domain | founded_year | HQ Location |
Laundry detergents and cleaning products are made from soapnuts.
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| domain | founded_year | HQ Location |
Eco-friendly natural home cleaning products are sold online.
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| domain | founded_year | HQ Location |
Platform offering home hygiene products
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| domain | founded_year | HQ Location |
Offers natural detergents, cleaners, and conditioners for household cleaning needs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Honesthome
Frequently Asked Questions about Honesthome
When was Honesthome founded?
Honesthome was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Honesthome located?
Honesthome is headquartered in Sonipat, India. It is registered at Sonipat, Haryana, India.
Is Honesthome a funded company?
Honesthome is a funded company, having raised a total of $956.86K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $12.53K, raised on Jul 18, 2022.
How many employees does Honesthome have?
As of Apr 08, 2024, the latest employee count at Honesthome is 1.
What is the annual revenue of Honesthome?
Annual revenue of Honesthome is $1.39M as on Mar 31, 2023.
What does Honesthome do?
Honesthome was founded in 2019 and is based in Sonipat, India. An online platform is maintained for distributing natural home care items, including aluminum foil, butter paper wrap, poop bags, facial tissues, garbage bags, toilet tissues, floor cleaner, and dishwash products. The assortment focuses on household essentials, with claims made that materials are organic, eco-friendly, and sustainably sourced. Operations center on e-commerce within the consumer goods sector.
Who are the top competitors of Honesthome?
Honesthome's top competitors include BECO, Cleevo and Happi Planet.
Who are Honesthome's investors?
Honesthome has 16 investors. Key investors include OG Capital, Anupam Mittal, Amit Jain, Rajan Sharma, and Puru Gupta.
What is Honesthome's valuation?
The valuation of Honesthome is $4.17M as of Jan 2024.