About Karghewale
Karghewale is a Retail company based in Khargone (India) founded in 2020 by Ravi Sreedharan, Sourodip Ghosh, and Nivedita Rai. Handlooms and crafts apparel are retailed for the fashion industry. The company has 12 employees. Its Indian entity Loomers India Private Limited reported revenue of ₹1.34 Cr. Karghewale offers products and services including Yardages, Saris, Stoles, Shawls, and Cushion Covers. Its focus areas include Horizontal E-Commerce, Internet First Brand and Handicrafts. Its competitors include Frido, Jaypore and Lemonade; 3 of its 3 listed competitors have raised funding.
Company details
Karghewale was founded in 2020 and is based in Khargone, India. Operations focus on retailing handmade apparel and textiles within the fashion sector. A range of products is offered, including towels, shawls, sarees, scarves, wraps, place mats, and yardages. The company serves as a supplier of traditional handloom and craft items to industry buyers.
- Headquarters Khargone, India
- Employees 12
- Founders Ravi Sreedharan, Sourodip Ghosh, Nivedita Rai
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website karghewale.com
- Social LinkedIn Facebook Instagram
- Legal Name Loomers India Private Limited
- Date of Incorporation 18 Dec, 2020
- Jurisdiction Maheshwar, Madhya Pradesh, India
- Annual Revenue₹1.34 Cr
FY 2024 · +123% YoY
- Net Profit₹6.1 Lakh
FY 2024 · 5% margin
- EBITDA₹13.7 Lakh
FY 2024 · 10% margin
- Investors
- Employee Count12
Associated legal entities of Karghewale
Karghewale operates through Loomers India 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 |
|---|---|---|---|---|---|---|---|
| Loomers India Private Limited CIN U74999MP2020PTC054165 | Active | 18 Dec 2020 | Maheshwar, Madhya Pradesh | ₹1.3 Cr | 12 | 2 | View details |
Products & Services of Karghewale
Karghewale offers a comprehensive portfolio of products and services, including Yardages, Saris, Stoles, Shawls, and Cushion Covers.
Handwoven fabrics for various uses in contemporary designs.
Traditional handwoven garments with modern patterns.
Scarfs made from sustainable handwoven materials.
Warm handwoven wraps in diverse styles.
Decorative covers from handwoven textiles.
Funding Insights of Karghewale
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Karghewale 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 |
|---|---|---|---|---|---|
| Mar 2024 | Grant | – | – |
1 investors in total: 1 institutional.
Investors in Karghewale
Karghewale has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Nudge Foundation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Non-profit organisation focusing on poverty alleviation | 2015 | thenudge.org | Bengaluru, India |
Investor details for Karghewale
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Board of directors of Loomers India Private Limited (Karghewale)
Loomers India Private Limited is the primary company behind Karghewale. The board of Loomers India Private Limited currently have 2 directors; the longest-serving is Sourodip Ghosh, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sourodip Ghosh DIN 09001295 | Director | 18 Dec 2020 | 5 yrs 10 mo | Loomers India Private Limited |
| Nivedita DIN 09001294 | Director | 18 Dec 2020 | 5 yrs 10 mo | Loomers India Private Limited |
People of Karghewale
3 people are tracked at Karghewale (3 in leadership); the tracked headcount is 12.
| Name | Role | Group |
|---|---|---|
Ravi Sreedharan | Founder | Leadership |
| Co-Founder | Leadership | |
Nivedita Rai | Co-Founder & Director | Leadership |
Complete people profiles for Karghewale
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Board tenure
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Financials of Karghewale
Figures of Loomers India Private Limited, the primary company behind Karghewale, for FY 2024. Revenue was ₹1.34 Cr (+123% year on year). Net profit was ₹6.1 Lakh (5% margin). EBITDA was ₹13.7 Lakh (10% margin). Revenue has grown at a compounded annual rate of +270% over three years.
- ₹1.34 CrRevenue · FY 2024 · +123% YoY
- ₹6.1 LakhNet profit · 5% margin
- ₹13.7 LakhEBITDA · 10% margin
- ₹1.2 LakhPaid-up capital
- 12Employees (provident fund records)
- +270%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Loomers India Private Limited are on its company page.
Detailed financial statements for Karghewale
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Karghewale
2 dated milestones of Karghewale across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Karghewale is founded.
- Funding First funding round.
Competitors of Karghewale
Karghewale has 3 listed competitors in our database, 3 of them funded. They include Frido, Jaypore and Lemonade.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| myfrido.com | 2015 | Pune, India | $23.24M | 271 | Ergonomic products for pain relief and posture support are provided. | |
| jaypore.com | 2011 | Delhi, India | $7.86M | 189 | Handcrafted and artisanal products are sold via an e-commerce platform. | |
| lemonade.shop | 2022 | Gurugram, India | $123,762 | Eco-friendly multi-category products are sold online by Lemonade. |
Detailed competitors of Karghewale
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Karghewale
The website of Karghewale (karghewale.com) receives about 1.2K visits a month.
- Monthly visits1.2K
▲ 2.6% vs previous month
Top companies in Marketplaces & General E-Commerce
2 companies that operate in the same segment as Karghewale (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 639.15 M | 1,031 |
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Frequently Asked Questions about Karghewale
Karghewale was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Karghewale is headquartered in Khargone, India. It is registered at Khargone, Madhya Pradesh, India.
Karghewale has 12 employees.
The primary company behind Karghewale, Loomers India Private Limited, reported revenue of ₹1.34 Cr for FY 2024, up 123% year on year.
Karghewale was founded in 2020 and is based in Khargone, India. Operations focus on retailing handmade apparel and textiles within the fashion sector. A range of products is offered, including towels, shawls, sarees, scarves, wraps, place mats, and yardages. The company serves as a supplier of traditional handloom and craft items to industry buyers.
Karghewale offers Yardages, Saris, Stoles, Shawls, and Cushion Covers.
Karghewale has 1 investor. Key investors include Nudge Foundation.
Karghewale operates through Loomers India Private Limited.
The legal entities of Karghewale currently have 2 directors, including Sourodip Ghosh, Nivedita.