About IndBasket
IndBasket was a Retail company based in India founded in 2020. Online hyperlocal marketplace providing multicategory products with deals. It operates on a B2C model. The company is recorded as dissolved. Its focus areas include E-commerce, Marketplace, Hyperlocal and Multicategory. Its legal entity in India is Indbasket Technologies Private Limited (U72900KL2020PTC061828). Its competitors include Magicpin and Little Internet; 2 of its 2 listed competitors have raised funding.
Company details
IndBasket online hyperlocal marketplace providing multicategory products with deals, focusing on operating online marketplaces, marketplace, hyperlocal, and multicategory. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters India
- SectorsRetail
- Website indbasket.in
- Social X Facebook
- Legal Name Indbasket Technologies Private Limited
- Date of Incorporation 12 Mar, 2020
- Jurisdiction Palakkad, Kerala, India
- Annual Revenue₹6,500
FY 2022 · +9928% YoY
- Net Loss-₹1.3 Lakh
FY 2022 · -2037% margin
- EBITDA-₹1.3 Lakh
FY 2022 · -2014% margin
Associated legal entities of IndBasket
IndBasket operates through Indbasket Technologies Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Indbasket Technologies Private Limited CIN U72900KL2020PTC061828 | Strike Off | 12 Mar 2020 | Palakkad, Kerala | ₹0.0 Cr | 2 | View details |
Board of directors of Indbasket Technologies Private Limited (IndBasket)
Indbasket Technologies Private Limited is the primary company behind IndBasket. The board of Indbasket Technologies Private Limited currently have 2 directors; the longest-serving is Ramakrishnan, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ramakrishnan DIN 08721280 | Director | 12 Mar 2020 | 6 yrs 7 mo | Indbasket Technologies Private Limited |
| Hithesh Manchachery DIN 08763290 | Managing Director | 19 Jun 2020 | 6 yrs 4 mo | Indbasket Technologies Private Limited |
Financials of IndBasket
Figures of Indbasket Technologies Private Limited, the primary company behind IndBasket, for FY 2022. Revenue was ₹6,500 (+9928% year on year). Net loss was -₹1.3 Lakh (-2037% margin). EBITDA was -₹1.3 Lakh (-2014% margin).
- ₹6,500Revenue · FY 2022 · +9928% YoY
- -₹1.3 LakhNet loss · -2037% margin
- -₹1.3 LakhEBITDA · -2014% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Indbasket Technologies Private Limited are on its company page.
Detailed financial statements for IndBasket
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Verified entity values are shown only after access is granted.
Competitors of IndBasket
IndBasket has 2 listed competitors in our database, 2 of them funded. They include Magicpin and Little Internet.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| magicpin.com | 2015 | Gurugram, India | $104.41M | 843 | Offers a platform that rewards customers for visiting partner businesses. | |
| littleapp.in | 2015 | Bengaluru, India | $50M | 1 | Hyperlocal deals are aggregated via a mobile app platform. |
Detailed competitors of IndBasket
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Verified entity values are shown only after access is granted.
Top companies in Marketplaces & General E-Commerce
2 companies that operate in the same segment as IndBasket (Marketplaces & General E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category consumer products are offered via an online marketplace platform. | 2007 | Bengaluru, Karnataka, India | USD 12.12 B | USD 9.83 B | 18,938 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 |
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Frequently Asked Questions about IndBasket
IndBasket was founded in 2020.
IndBasket is headquartered in India.
The primary company behind IndBasket, Indbasket Technologies Private Limited, reported revenue of ₹6,500 for FY 2022, up 9928% year on year.
IndBasket online hyperlocal marketplace providing multicategory products with deals, focusing on operating online marketplaces, marketplace, hyperlocal, and multicategory. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
IndBasket's top competitors include Little Internet and Magicpin.
IndBasket operates through Indbasket Technologies Private Limited.
The legal entities of IndBasket currently have 2 directors, including Hithesh Manchachery, Ramakrishnan.