About iVend Retail
iVend Retail is a Retail company based in New York (United States) founded in 2004. Cloud-based retail management software is provided for offline stores. It operates in the Retail, Transportation, Automotive & Logistics, and Technology sectors. iVend Retail has raised $60 million across 1 funding round from investors including Goldman Sachs. Its website ivend.com draws about 14 thousand monthly visits. Its Indian entity Citixsys Tech Solutions Private Limited reported revenue of ₹19.87 Cr. iVend Retail offers products and services including Point of Sale System, Inventory Management, and Customer Loyalty. Its focus areas include In Store Retail Tech, Suite, E-Commerce Enablers and Operations Management. Its competitors include Shippo, Digimarc and CallidusCloud; 3 of its 3 listed competitors have raised funding.
Company details
Retail management software for offline retail stores. The cloud-based suite of solutions includes iVend POS, iVend eCommerce, iVend Loyalty, iVend Passes and iVend Reporting and Analytics. The POS solution helps retailers to manage customer loyalty programs, inventory and merchandising; the eCommerce solution helps businesses to build an online presence and can be integrated with iVend Loyalty, a loyalty management platform. iVend Passes is a platform for retailers to deploy digital passes for Apple Passbooks and Android Smartphones. The Reporting and Analytics module is a set of BI tools which analyzes transactional data to generate business insights. The company claims to have customers in over 45 countries and sells its software mainly through partner organizations. Some of the clients include Samsonite, Showcase, Virgin Mobile, Havaianas etc.
- Indian entity revenue₹19.87 Cr
FY 2024 · +1% YoY
- Indian entity net profit₹4.6 Lakh
FY 2024 · 0% margin
- Indian entity EBITDA₹42.1 Lakh
FY 2024 · 2% margin
- Total Equity Funding$60M (USD)
in 1 rounds
- Latest Funding Round$60M (USD), Series C
Nov 2019
- Investors
Associated legal entities of iVend Retail
iVend Retail operates through Citixsys Tech Solutions 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 |
|---|---|---|---|---|---|---|---|
| Citixsys Tech Solutions Private Limited CIN U72900DL2011PTC212772 | Active | 18 Jan 2011 | New Delhi, Delhi | ₹19.9 Cr | 95 | 2 | View details |
Products & Services of iVend Retail
iVend Retail offers a comprehensive portfolio of products and services, including Point of Sale System, Inventory Management, and Customer Loyalty.
Centralizes inventory and customer data for efficient retail transactions.
Enables real-time stock updates and error minimization across locations.
Boosts retention through points and rewards programs for customers.
Funding Insights of iVend Retail
iVend Retail has successfully raised a total of $60M through 1 strategic funding round. The most recent funding activity was a Series C round of $60 million completed in November 2019. 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 $60M
- Total Rounds 1
- Last Round Series C — $60M
- First Round $60M
(Nov 2019)
- Investors Count 1
All 1 funding rounds of iVend Retail with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2019 | $60M | Series C | – | Goldman Sachs | – |
1 investors in total: 1 institutional.
Investors in iVend Retail
iVend Retail has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Goldman Sachs.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States |
Investor details for iVend Retail
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Board of directors of Citixsys Tech Solutions Private Limited (iVend Retail)
Citixsys Tech Solutions Private Limited is the primary company behind iVend Retail. The board of Citixsys Tech Solutions Private Limited currently have 2 directors; the longest-serving is Ajay Mamgain, appointed in 2015. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajay Mamgain DIN 07189177 | Director | 15 Jun 2015 | 11 yrs 4 mo | Citixsys Tech Solutions Private Limited |
| Manish Chaturvedi DIN 07664495 | Director | 24 Nov 2016 | 9 yrs 11 mo | Citixsys Tech Solutions Private Limited |
People of iVend Retail
4 people are tracked at iVend Retail (4 in leadership).
| Name | Role | Group |
|---|---|---|
Ritesh Aurora | Managing Director | Leadership |
| Vice President | Leadership | |
Agneesh Jain | Vice President Program Management | Leadership |
Pankaj Mathur | COO | Sales, Marketing, Partner Relations | Technology Innovation For Retailers | M&a | Leadership |
Complete people profiles for iVend Retail
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Financials of iVend Retail
Figures of Citixsys Tech Solutions Private Limited, the primary company behind iVend Retail, for FY 2024. Revenue was ₹19.87 Cr (+1% year on year). Net profit was ₹4.6 Lakh (0% margin). EBITDA was ₹42.1 Lakh (2% margin). Revenue has grown at a compounded annual rate of +15% over three years and +14% over five years.
- ₹19.87 CrRevenue · FY 2024 · +1% YoY
- ₹4.6 LakhNet profit · 0% margin
- ₹42.1 LakhEBITDA · 2% margin
- ₹1.38 CrPaid-up capital
- 95Employees (provident fund records)
- +15%Revenue CAGR, 3 years
- +14%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Citixsys Tech Solutions Private Limited are on its company page.
Detailed financial statements for iVend Retail
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of iVend Retail
2 dated milestones of iVend Retail across 15 years, from founding to its latest funding, stage changes and deals.
- Founded iVend Retail is founded.
- Funding First funding round of $60.0M.
Competitors of iVend Retail
iVend Retail has 3 listed competitors in our database, 3 of them funded. They include Shippo, Digimarc and CallidusCloud.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goshippo.com | 2013 | San Francisco, United States | $154M | 127 | Web-based shipping solutions are provided for e-commerce businesses. | |
| digimarc.com | 1994 | Portland, United States | $60M | 215 | Anti-counterfeiting barcode solutions are supplied to brands and retailers. | |
| calliduscloud.com | 1996 | Pleasanton, United States | $70.5M | 849 | Cloud-based solutions for sales, marketing, and pipeline management are provided. |
Detailed competitors of iVend Retail
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Web traffic of iVend Retail
The website of iVend Retail (ivend.com) receives about 14.5K visits a month.
- Monthly visits14.5K
▼ 2.7% vs previous month
Websites whose visitors overlap most with iVend Retail. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| citixsys.com | 100% | View details | |||
| salesplay.com | 94% | #981,922 | View details | ||
wondersoft.com | wondersoft.com | 86% | #2,439,612 | – | |
smythretail.com | smythretail.com | 81% | #13,648,901 | – | |
sagesoftware.co.in | sagesoftware.co.in | 79% | #847,237 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for iVend Retail
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- 18 similar websites
- Audience overlap
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- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Autonomous & In-Store Retail Tech
3 companies that operate in the same segment as iVend Retail (Autonomous & In-Store Retail Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Point-of-sale financing is facilitated via an online platform for retailers. | 2016 | Los Angeles, California, United States | USD 158.63 M | 576 | ||
POS solutions are provided for retail businesses. | 2009 | San Francisco, California, United States | USD 519.75 M | USD 24.19 B | 6,214 | |
Provider of cloud-based POS software solutions for businesses and service providers | 1999 | San Francisco, California, United States | USD 923 M | 2,684 |
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Related news about Ivend Retail
Complete news archive for iVend Retail
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Frequently Asked Questions about iVend Retail
iVend Retail was founded in 2004 and raised its 1st funding round 15 years after it was founded.
iVend Retail is headquartered in New York, United States. It is registered at New York, New York, United States.
iVend Retail is a funded company, having raised a total of $60M across 1 funding round to date. The company's 1st funding round was a Series C of $60M, raised on Nov 2019.
The primary company behind iVend Retail, Citixsys Tech Solutions Private Limited, reported revenue of ₹19.87 Cr for FY 2024, up 1% year on year.
Retail management software for offline retail stores. The cloud-based suite of solutions includes iVend POS, iVend eCommerce, iVend Loyalty, iVend Passes and iVend Reporting and Analytics. The POS solution helps retailers to manage customer loyalty programs, inventory and merchandising; the eCommerce solution helps businesses to build an online presence and can be integrated with iVend Loyalty, a loyalty management platform. iVend Passes is a platform for retailers to deploy digital passes for Apple Passbooks and Android Smartphones. The Reporting and Analytics module is a set of BI tools which analyzes transactional data to generate business insights. The company claims to have customers in over 45 countries and sells its software mainly through partner organizations. Some of the clients include Samsonite, Showcase, Virgin Mobile, Havaianas etc.
iVend Retail's top competitors include Shippo, CallidusCloud and Digimarc.
iVend Retail offers Point of Sale System, Inventory Management, and Customer Loyalty.
iVend Retail has 1 investor. Key investors include Goldman Sachs.
iVend Retail operates through Citixsys Tech Solutions Private Limited.
The legal entities of iVend Retail currently have 2 directors, including Ajay Mamgain, Manish Chaturvedi.