About IBO
IBO is a company based in Bengaluru (India) founded in 2020. It operates as a Direct-to-Consumer (D2C) and Two-Sided Marketplace. IBO has raised $539.39 thousand across 2 funding rounds from investors including WestBridge Capital, Konark Trust and MMPL Trust. The company has 202 employees as of April 07, 2024. IBO offers products and services including Tiles, Paints, Electricals, and Hardware. IBO operates in a competitive market with competitors including Birla Pivot, BuildSuvidha, Flaer Homes, Studio Bush and Urban Hardwares, among others.
- Headquarter Bengaluru, India
- Employees 202 as on 07 Apr, 2024
- Stage Minicorn
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Sectors
Real Estate & ConstructionRetail Consumer
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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 Ebo Mart Private Limited
- Date of Incorporation 21 Oct, 2020
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.23 M (USD)0as on Mar 31, 2022
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Net Profit
-$8.75 M (USD)-800.04as on Mar 31, 2022
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EBITDA
-$9.02 M (USD)-861.71as on Mar 31, 2022
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Total Equity Funding
$539.39 K (USD)
in 2 rounds
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Latest Funding Round
$539.39 K (USD), Seed
Aug 25, 2021
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Investors
WestBridge Capital
& 2 more
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Employee Count
202
as on Apr 07, 2024
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Products & Services of IBO
IBO offers a comprehensive portfolio of products and services, including Tiles, Paints, Electricals, and Hardware.
Tiles are offered for flooring and wall applications.
Paints are provided for interior and exterior use.
Electricals are supplied for various household wiring needs.
Hardware is available for construction and fitting purposes.
People of IBO
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Funding Insights of IBO
IBO has successfully raised a total of $539.39K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $539.39 thousand completed in August 2021. 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 2
- Last Round Seed — $539,388
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Seed - IBO | Valuation | Konark Trust | |
| Jun, 2020 | Amount | Seed - IBO | Valuation |
investors |
Investors in IBO
IBO has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include WestBridge Capital, Konark Trust and MMPL Trust.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investments are targeted by Konark Trust venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital is provided to multiple sectors by MMPL Trust.
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Founded Year | Domain | Location | |
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Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology.
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Founded Year | Domain | Location |
Investments & Acquisitions by IBO
Financial Statements - IBO
Ibo Comparisons
Competitors of IBO
IBO 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 Birla Pivot, BuildSuvidha, Flaer Homes, Studio Bush and Urban Hardwares, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for procuring steel, cement, tiles, and electrical supplies.
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| domain | founded_year | HQ Location |
Manages an e-commerce platform specializing in construction building materials for businesses.
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| domain | founded_year | HQ Location |
Online platform for purchasing interior materials, plywood, and laminates directly.
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| domain | founded_year | HQ Location |
Manages an e-commerce store offering door hardware products.
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| domain | founded_year | HQ Location |
Runs a digital platform for purchasing building and construction hardware materials.
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Latest news on Ibo
Frequently Asked Questions about IBO
IBO was founded in 2020.
IBO is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Mayank Shivam is the current CEO of IBO.
IBO is a funded company, having raised a total of $539.39K across 2 funding rounds to date.
As of Apr 07, 2024, the latest employee count at IBO is 202.
Annual revenue of IBO is $1.23M as on Mar 31, 2022.
IBO is established as Indias largest omnichannel retail chain specializing in home building and improvement products. A wide range of categories including tiles, paints, electricals, hardware, and plumbing materials are offered. Products from top brands are sourced directly from manufacturers or certified vendors, ensuring competitive pricing. Solutions are provided through both online platforms and physical stores across major cities in India. The retail sector is primarily targeted, catering to homeowners, contractors, and professionals with bulk order options and doorstep delivery.
IBO's top competitors include Urban Hardwares, Studio Bush and Birla Pivot.
IBO offers Tiles, Paints, Electricals, and Hardware.
IBO has 3 investors. Key investors include WestBridge Capital, Konark Trust, and MMPL Trust.
The valuation of IBO is $68.07M as of Aug 2021.