About Iloveread
Iloveread is a Media & Entertainment company based in Chennai (India) founded in 2009, and was acquired by AnyCommerce in December 2014. Online book rental portal. The company has 1 employees. Iloveread offers products and services including iloveread Library Software. Its focus areas include Book Tech, Book Retail and Rental. Its legal entity in India is Amrutashree Chits Private Limited (U65999KA2022PTC167477). Its competitors include Fastudent, ReadersCrib and RentReadBuy.
Company details
iloveread is an online portal where users can rent books. Users can register for free, search in library subscribe for delivery. Recommendation is a special feature where the website suggests books based on reading history. Claims to have Amazon Google links to every book in the library. Buys and maintains inventories at own offline store. Offers both online payments COD. Offers book rental services in Chennai Coimbatore only as of April 2015. Acquired by Anycommerce.in based in Chennai.
- Headquarters Chennai, India
- Employees 1
- Stage Acquired
- SectorsMedia & Entertainment
- Website iloveread.in/login
- Social LinkedIn X Facebook
- Acquired by AnyCommerce (Dec 2014)
- Legal Name Amrutashree Chits Private Limited
- Date of Incorporation 31 Oct, 2022
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹15,136
FY 2024
- Net Loss-₹11.4 Lakh
FY 2024 · -7549% margin
- EBITDA-₹11.4 Lakh
FY 2024 · -7546% margin
- Investors
- Employee Count1
- Acquired byAnyCommerce
(Dec 2014)
Associated legal entities of Iloveread
Iloveread operates through Amrutashree Chits 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 |
|---|---|---|---|---|---|---|---|
| Amrutashree Chits Private Limited CIN U65999KA2022PTC167477 | Active | 31 Oct 2022 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details |
Products & Services of Iloveread
Iloveread offers a comprehensive portfolio of products and services, including iloveread Library Software.
Software enabling hybrid home delivery and in-store library services.
Investors in Iloveread
Iloveread has secured backing from 1 investor. Prominent investors backing the company include AnyCommerce.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| anycommerce.in |
Investor details for Iloveread
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 Amrutashree Chits Private Limited (Iloveread)
Amrutashree Chits Private Limited is the primary company behind Iloveread. The board of Amrutashree Chits Private Limited currently have 2 directors; the longest-serving is Mangala Shetty, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mangala Shetty DIN 09498094 | Managing Director | 31 Oct 2022 | 4 yrs | Amrutashree Chits Private Limited |
| Natesan Karunakaran Anand Raj DIN 09777811 | Managing Director | 31 Oct 2022 | 4 yrs | Amrutashree Chits Private Limited |
Financials of Iloveread
Figures of Amrutashree Chits Private Limited, the primary company behind Iloveread, for FY 2024. Revenue was ₹15,136. Net loss was -₹11.4 Lakh (-7549% margin). EBITDA was -₹11.4 Lakh (-7546% margin).
- ₹15,136Revenue · FY 2024
- -₹11.4 LakhNet loss · -7549% margin
- -₹11.4 LakhEBITDA · -7546% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Amrutashree Chits Private Limited are on its company page.
Detailed financial statements for Iloveread
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 Iloveread
2 dated milestones of Iloveread across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Iloveread is founded.
- Exit Acquired by AnyCommerce.
Competitors of Iloveread
Iloveread has 3 listed competitors in our database. They include Fastudent, ReadersCrib and RentReadBuy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fastudent.com | 2013 | Noida, India | Operates an online store specializing in academic books and stationery. | |||
| readerscrib.com | 2016 | Delhi, India | Operates an online platform for bookstore sales and book rentals. | |||
| rentreadbuy.com | 2018 | Noida, India | Online platform for renting, buying, and donating books with membership benefits. |
Detailed competitors of Iloveread
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.
Web traffic of Iloveread
Websites that share an audience with Iloveread (iloveread.in).
Websites whose visitors overlap most with Iloveread. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| justbooks.in | 100% | 13.4K | #1,321,459 | View details | |
mylibrary.in | mylibrary.in | 35% | – | ||
| bookandborrow.com | 35% | #1,364,820 | View details |
Top companies in Book & Digital Reading Platforms
3 companies that operate in the same segment as Iloveread (Book & Digital Reading Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
An audio streaming platform for series and stories is operated. | 2018 | Bengaluru, Karnataka, India | USD 196.68 M | USD 30.62 M | 1,044 | |
Platform connecting readers and writers, offering digital literature in multiple languages | 2014 | Bengaluru, Karnataka, India | USD 92.65 M | USD 6.84 M | 162 | |
Audiobooks and stories in multiple Indian languages are provided. | 2018 | Mumbai, Maharashtra, India | USD 122.32 M | USD 12.17 M | 310 |
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Frequently Asked Questions about Iloveread
Iloveread was founded in 2009.
Iloveread is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Iloveread has 1 employees.
The primary company behind Iloveread, Amrutashree Chits Private Limited, reported revenue of ₹15,136 for FY 2024.
iloveread is an online portal where users can rent books. Users can register for free, search in library subscribe for delivery. Recommendation is a special feature where the website suggests books based on reading history. Claims to have Amazon Google links to every book in the library. Buys and maintains inventories at own offline store. Offers both online payments COD. Offers book rental services in Chennai Coimbatore only as of April 2015. Acquired by Anycommerce.in based in Chennai.
Iloveread's top competitors include Fastudent, ReadersCrib and RentReadBuy.
Iloveread offers iloveread Library Software.
Iloveread has 1 investor. Key investors include AnyCommerce.
Iloveread operates through Amrutashree Chits Private Limited.
Yes. Iloveread was acquired by AnyCommerce in December 2014.
The legal entities of Iloveread currently have 2 directors, including Mangala Shetty, Natesan Karunakaran Anand Raj.