About Krate
Krate is a company based in Hyderabad (India) founded in 2016.. Krate has raised $97.62 thousand across 2 funding rounds from investors including Silpa Kode, Santish Bollina and Aneesh Kode. Krate operates in a competitive market with competitors including OhLook, Clothist and GetSty, among others.
- Headquarter Hyderabad, India
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Krate Fashion Technologies Private Limited
- Date of Incorporation 10 Oct, 2016
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$25.71 K (USD)-65.42as on Mar 31, 2022
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Net Profit
$-107.28 K (USD)-211.5as on Mar 31, 2022
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EBITDA
$-86.37 K (USD)-169.41as on Mar 31, 2022
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Total Equity Funding
$97.62 K (USD)
in 2 rounds
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Latest Funding Round
$97.62 K (USD), Angel Round
Aug 28, 2019
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Investors
Axilor Accelerator
& 3 more
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Employee Count
Employee Count
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Funding Insights of Krate
Krate has successfully raised a total of $97.62K across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $97.62 thousand completed in August 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 Total Funding
- Total Rounds 2
- Last Round Angel Round — $97,623
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Angel Round - Krate | Valuation | Aneesh Kode | |
| Oct, 2018 | Amount | Seed - Krate | Valuation | Axilor Accelerator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Krate
Krate has secured backing from 4 investors, including angel and institutional investors. Prominent investors backing the company include Silpa Kode, Santish Bollina and Aneesh Kode. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech startups are supported via VC-backed acceleration programs.
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Founded Year | Domain | Location | |
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SK
Silpa Kode |
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Founded Year | Domain | Location |
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SB
Santish Bollina |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Krate
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Krate
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Krate Comparisons
Competitors of Krate
Krate operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as OhLook, Clothist and GetSty, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Weekly branded shirt packs are delivered to men via subscription.
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| domain | founded_year | HQ Location |
Provides personalized at-home fashion solutions tailored for men.
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| domain | founded_year | HQ Location |
Men's clothing is handpicked by stylists after style surveys.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Krate
When was Krate founded?
Krate was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Krate located?
Krate is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Is Krate a funded company?
Krate is a funded company, having raised a total of $97.62K across 2 funding rounds to date.
What is the annual revenue of Krate?
Annual revenue of Krate is $25.71K as on Mar 31, 2022.
What does Krate do?
Founded in 2016 in Hyderabad, India, Krate operates as a subscription platform in the mens fashion sector. Users are required to register and complete a fashion quiz to specify styling preferences. A personal stylist is then assigned to each user for tailored curation. Monthly boxes containing 2-3 handpicked items are provided for approximately INR 1500, covering both consultation and delivery. Subscriptions can be canceled at any time.
Who are Krate's investors?
Krate has 4 investors. Key investors include Silpa Kode, Santish Bollina, Aneesh Kode, and Axilor Accelerator.
What is Krate's valuation?
The valuation of Krate is $777.06K as of Aug 2019.