About Karnival
Karnival is a Retail company based in Bengaluru (India) founded in 2019 by Himanshu Mishra and Siddharth Mishra. Customer engagement is enabled via smart digital receipts for merchants. Karnival has raised $285 thousand across 2 funding rounds from investors including Angel List, Wellfound and We Founder Circle. Karnival was last valued at $2.06 million in April 2021. Its chief executive, as recorded, is Siddharth Mishra. Its website karnival.com draws about 91 thousand monthly visits. Its Indian entity Karnival Internet Technologies Private Limited reported revenue of ₹6.20 Cr. Karnival offers products and services including Interactive Digital Receipts, Marketing Automation, Loyalty Points, and Ratings and Reviews. Its focus areas include In Store Retail Tech, Customer Experience Management and Digital Receipts.
Company details
Karnival was founded in 2019 in Bengaluru, India, as a platform in the retail technology sector. Digital receipts are issued to customers by merchants during payment processing. A dashboard is provided for merchants to search customer data and dispatch e-receipts. Operations are supported through marketing tools, personalized interactions, surveys, and feedback mechanisms for retailers. Carbon emissions are minimized by replacing paper receipts.
- Headquarters Bengaluru, India
- Founders Himanshu Mishra, Siddharth Mishra
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Website karnival.com
- Social LinkedIn X Facebook Instagram
- Legal Name Karnival Internet Technologies Private Limited
- Date of Incorporation 20 Nov, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹6.20 Cr
FY 2024 · +53% YoY
- Net Profit₹43.6 Lakh
FY 2024 · 7% margin
- EBITDA₹56.6 Lakh
FY 2024 · 9% margin
- Total Equity Funding$285K (USD)
in 2 rounds
- Latest Funding Round$250K (USD), Seed
Apr 2021
- InvestorsAngel List
& 25 more
Associated legal entities of Karnival
Karnival is associated with 2 registered companies on The Company Check; the primary company is Karnival Internet Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Karnival Internet Technologies Private Limited CIN U72200HR2019PTC140118 | Active | 20 Nov 2019 | Bangalore, Karnataka | ₹6.2 Cr | 3 | View details | |
| Karnival Internet Technologies Private Limited CIN U72200KA2019PTC129836 | 20 Nov 2019 | Bangalore, Karnataka, India | View details |
Products & Services of Karnival
Karnival offers a comprehensive portfolio of products and services, including Interactive Digital Receipts, Marketing Automation, Loyalty Points, and Ratings and Reviews.
Platform for sending secure digital receipts via multiple channels
System for personalized marketing campaigns and customer engagement
Tool for managing loyalty rewards and customer incentives
Platform for collecting and moderating product reviews
Funding Insights of Karnival
Karnival has successfully raised a total of $285K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $250 thousand completed in April 2021. 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 $285,000
- Total Rounds 2
- Last Round Seed — $250,000
- First Round $35,000
(Mar 2020)
- Investors Count 26
All 2 funding rounds of Karnival with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Apr 2021 | $2.06M | •••••••• |
Last known valuation $2.06M (Apr 2021). 26 investors in total: 7 institutional and 19 angel.
Investors in Karnival
Karnival has secured backing from 26 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Wellfound and We Founder Circle.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in early-stage startups and global community support. | 2020 | wefoundercircle.com | Mumbai, India | |
Investing in pre-seed to Series A startups across various sectors in India. | 2020 | dholakiaventures.com | Surat, India | |
Venture capital firm focused on early-stage investments | 2021 | 3to1.capital | Bengaluru, India | |
Early-stage startups are funded by 100X.VC venture capital firm. | 100x.vc | Mumbai, India | ||
Startup jobs are connected to individuals via a dedicated platform. | 2013 | wellfound.com | New York, United States | |
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
YD Yogesh D Gawande | unknown_b887d06738dc4f19b | |||
MK Murali K Yelugoti | unknown_3944e89a6c9c46d59 | |||
RJ Ridhima Joshi | unknown_d6a11b5091d14e25a | |||
HS Hitesh Sood | unknown_984482200f0c422ca |
Investor details for Karnival
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 Karnival Internet Technologies Private Limited (Karnival)
Karnival Internet Technologies Private Limited is the primary company behind Karnival. The board of Karnival Internet Technologies Private Limited currently have 3 directors; the longest-serving is Himanshu Mishra, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Himanshu Mishra DIN 08616514 | Director | 20 Nov 2019 | 6 yrs 11 mo | Karnival Internet Technologies Private Limited |
| Siddharth Mishra DIN 07224369 | Director | 20 Nov 2019 | 6 yrs 11 mo | Karnival Internet Technologies Private Limited |
| Prasenjeet Shahi DIN 11295176 | Additional Director | 13 Sep 2025 | 1 yr 1 mo | Karnival Internet Technologies Private Limited |
People of Karnival
8 people are tracked at Karnival (3 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Founder & CEO | Leadership | |
Naman Agarwal | VP of Engineering | Leadership |
Aayush Kumar | Software Developer | Team |
Sagar Naik | Software Engineer | Team |
Shivam Sharma | Mobile Application Developer | Team |
Ritika Kukreti | Human Resources Manager | Team |
pritee pandey | Senior Software Test Engineer | Team |
Complete people profiles for Karnival
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Karnival
Figures of Karnival Internet Technologies Private Limited, the primary company behind Karnival, for FY 2024. Revenue was ₹6.20 Cr (+53% year on year). Net profit was ₹43.6 Lakh (7% margin). EBITDA was ₹56.6 Lakh (9% margin). Revenue has grown at a compounded annual rate of +126% over three years.
- ₹6.20 CrRevenue · FY 2024 · +53% YoY
- ₹43.6 LakhNet profit · 7% margin
- ₹56.6 LakhEBITDA · 9% margin
- ₹30.6 LakhPaid-up capital
- +126%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Karnival Internet Technologies Private Limited are on its company page.
Detailed financial statements for Karnival
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 Karnival
4 dated milestones of Karnival across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Karnival is founded.
- Funding First funding round of $35K.
- Funding Latest funding round, Seed, of $250K.
- Milestone Reaches Minicorn status.
Web traffic of Karnival
The website of Karnival (karnival.com) receives about 90.6K visits a month.
- Monthly visits90.6K
▼ 22.8% vs previous month
Top companies in Autonomous & In-Store Retail Tech
3 companies that operate in the same segment as Karnival (Autonomous & In-Store Retail Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based bookkeeping solutions are offered for small business management. | 2018 | Bengaluru, Karnataka, India | USD 186.62 M | USD 165.88 K | ||
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 | |
Platform powering online and in-store retail operations using AI-driven tools | 2012 | Mumbai, Maharashtra, India | USD 16.02 M | USD 43.86 M | 851 |
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Related news about Karnival
Complete news archive for Karnival
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Frequently Asked Questions about Karnival
Karnival was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Karnival is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Siddharth Mishra is the CEO of Karnival, as recorded in our data. They have also founded this company.
Karnival is a funded company, having raised a total of $285K across 2 funding rounds to date. The company's 1st funding round was a Seed of $35K, raised on Mar 2020.
The primary company behind Karnival, Karnival Internet Technologies Private Limited, reported revenue of ₹6.20 Cr for FY 2024, up 53% year on year.
Karnival was founded in 2019 in Bengaluru, India, as a platform in the retail technology sector. Digital receipts are issued to customers by merchants during payment processing. A dashboard is provided for merchants to search customer data and dispatch e-receipts. Operations are supported through marketing tools, personalized interactions, surveys, and feedback mechanisms for retailers. Carbon emissions are minimized by replacing paper receipts.
Karnival offers Interactive Digital Receipts, Marketing Automation, Loyalty Points, and Ratings and Reviews.
Karnival has 26 investors. Key investors include Angel List, Wellfound, We Founder Circle, Dholakia Ventures, and 3to1 Capital.
The valuation of Karnival is $2.06M as of Apr 2021.
Karnival operates through Karnival Internet Technologies Private Limited.
The legal entities of Karnival currently have 3 directors, including Himanshu Mishra, Siddharth Mishra, Prasenjeet Shahi.