About JustVend
JustVend is a Technology company based in Bengaluru (India) founded in 2019. It operates as a smart retail technology for everyday essentials, including autonomous stores and mobile access in Bangalore. It operates in the Technology and Retail sectors. JustVend has raised $57.02 thousand across 1 funding round. The company has 22 employees. Its Indian entity Justvend Private Limited reported revenue of ₹6.88 Cr. JustVend offers products and services including Smart Mini-Stores and Customer Support Services. Its focus areas include Mobile Applications, E-commerce Platforms, Shopping Apps and Convenience Retail.
Company details
JustVend is recognized for operating autonomous smart mini-stores that connect to smartphones, enabling products to be searched, purchased, and collected efficiently. These stores are kept available 247 for items like snacks and daily needs, with inventory being adjusted based on customer input. A touchless process has been implemented using advanced technology to ensure sterility, particularly in response to health concerns. Customer issues are addressed promptly through instant support, and products are booked for a short period after payment to facilitate easy pickup. The companys efforts are directed towards integrating technology for convenient access to essentials, as observed in its operations across urban areas.
- Headquarters Bengaluru, India
- Employees 22
- SectorsTechnologyRetail
- Phone•••• ••••
- Social LinkedIn Instagram
- Legal Name Justvend Private Limited
- Date of Incorporation 08 Feb, 2021
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹6.88 Cr
FY 2024 · +234% YoY
- Net Profit₹8.2 Lakh
FY 2024 · 1% margin
- EBITDA₹31.2 Lakh
FY 2024 · 5% margin
- Total Equity Funding$57.02K (USD)
in 1 rounds
- Latest Funding Round$57.02K (USD), Angel Round
Jun 2023
- Employee Count22
Associated legal entities of JustVend
JustVend operates through Justvend 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 |
|---|---|---|---|---|---|---|---|
| Justvend Private Limited CIN U52190KA2021PTC143927 | Active | 08 Feb 2021 | Bangalore, Karnataka | ₹6.9 Cr | 22 | 2 | View details |
Products & Services of JustVend
JustVend offers a comprehensive portfolio of products and services, including Smart Mini-Stores and Customer Support Services.
Autonomous stores are connected to smartphones for searching, purchasing, and picking up daily essentials, forming a distributed network
Instant call support is offered to resolve issues quickly, with a focus on maintaining smooth interactions for users
Funding Insights of JustVend
JustVend has successfully raised a total of $57.02K through 1 strategic funding round. The most recent funding activity was a Angel Round of $57.02 thousand completed in June 2023. 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 $57,019
- Total Rounds 1
- Last Round Angel Round — $57,019
- First Round $57,019
(Jun 2023)
All 1 funding rounds of JustVend 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 |
|---|---|---|---|---|---|
| Jun 2023 | $57,019 | Angel Round | – | – | – |
Board of directors of Justvend Private Limited (JustVend)
Justvend Private Limited is the primary company behind JustVend. The board of Justvend Private Limited currently have 2 directors; the longest-serving is Shivam Vaish, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shivam Vaish DIN 09058603 | Director | 08 Feb 2021 | 5 yrs 8 mo | Justvend Private Limited |
| Davanam Shivakumar Nikhil DIN 09058604 | Director | 08 Feb 2021 | 5 yrs 8 mo | Justvend Private Limited |
Financials of JustVend
Figures of Justvend Private Limited, the primary company behind JustVend, for FY 2024. Revenue was ₹6.88 Cr (+234% year on year). Net profit was ₹8.2 Lakh (1% margin). EBITDA was ₹31.2 Lakh (5% margin).
- ₹6.88 CrRevenue · FY 2024 · +234% YoY
- ₹8.2 LakhNet profit · 1% margin
- ₹31.2 LakhEBITDA · 5% margin
- ₹1.1 LakhPaid-up capital
- 22Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Justvend Private Limited are on its company page.
Detailed financial statements for JustVend
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 JustVend
2 dated milestones of JustVend across 4 years, from founding to its latest funding, stage changes and deals.
- Founded JustVend is founded.
- Funding First funding round of $57K.
Top companies in Mobile Application Ecosystem
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Delivers a comprehensive super-app for multi-category products and services. | 2019 | Mumbai, Maharashtra, India | – | – | – | |
Mobile app acquisitions are brokered through a dedicated marketplace. | 2011 | Boston, Massachusetts, United States | USD 26.4 M | – | 28 | |
Offers full-service mobile ad operations and revenue growth services | 2016 | Los Angeles, California, United States | USD 30 M | – | – | |
HubX is recognized as a technology hub for mobile app development. | 2022 | Izmir, Aegean Region, Turkey | USD 50 M | – | 396 | |
Provider of platform optimizing in-app purchase revenue for mobile applications | 2019 | New York, New York, United States | USD 500 K | – | – | |
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Frequently Asked Questions about JustVend
JustVend was founded in 2019 and raised its 1st funding round 4 years after it was founded.
JustVend is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
JustVend is a funded company, having raised a total of $57.02K across 1 funding round to date. The company's 1st funding round was a Angel Round of $57.02K, raised on Jun 2023.
JustVend has 22 employees.
The primary company behind JustVend, Justvend Private Limited, reported revenue of ₹6.88 Cr for FY 2024, up 234% year on year.
JustVend is recognized for operating autonomous smart mini-stores that connect to smartphones, enabling products to be searched, purchased, and collected efficiently. These stores are kept available 247 for items like snacks and daily needs, with inventory being adjusted based on customer input. A touchless process has been implemented using advanced technology to ensure sterility, particularly in response to health concerns. Customer issues are addressed promptly through instant support, and products are booked for a short period after payment to facilitate easy pickup. The companys efforts are directed towards integrating technology for convenient access to essentials, as observed in its operations across urban areas.
JustVend offers Smart Mini-Stores and Customer Support Services.
JustVend operates through Justvend Private Limited.
The legal entities of JustVend currently have 2 directors, including Shivam Vaish, Davanam Shivakumar Nikhil.