About Krate
Krate is a Retail company based in Hyderabad (India) founded in 2016. Curated mens fashion items are delivered in monthly subscription boxes. Krate has raised $97.62 thousand across 2 funding rounds from investors including Silpa Kode, Santish Bollina and Aneesh Kode. Krate was last valued at $777.06 thousand in August 2019. Its Indian entity Krate Fashion Technologies Private Limited reported revenue of ₹1.9 Lakh. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Apparel. Its competitors include OhLook, Clothist and GetSty; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Hyderabad, India
- SectorsRetail
- Email••••••••
- Website krate.in
- Social LinkedIn Facebook
- Legal Name Krate Fashion Technologies Private Limited
- Date of Incorporation 10 Oct, 2016
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹1.9 Lakh
FY 2024 · -83% YoY
- Net Loss-₹6.3 Lakh
FY 2024 · -338% margin
- EBITDA-₹5.3 Lakh
FY 2024 · -285% margin
- Total Equity Funding$97.62K (USD)
in 2 rounds
- Latest Funding Round$97.62K (USD), Angel Round
Aug 2019
- InvestorsAxilor Accelerator
& 3 more
Associated legal entities of Krate
Krate operates through Krate Fashion Technologies 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 |
|---|---|---|---|---|---|---|---|
| Krate Fashion Technologies Private Limited CIN U74999TG2016PTC112389 | Active | 10 Oct 2016 | Hyderabad, Telangana | ₹0.0 Cr | 2 | View details |
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 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 $97,623
- Total Rounds 2
- Last Round Angel Round — $97,623
- Investors Count 4
All 2 funding rounds of Krate 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 |
|---|---|---|---|---|---|
| Aug 2019 | $97,623 | Angel Round | $777,060 | Aneesh Kode | |
| Oct 2018 | Seed | – | Axilor Accelerator | – |
Last known valuation $777,060 (Aug 2019). 4 investors in total: 1 institutional and 3 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech startups are supported via VC-backed acceleration programs. | axilor.com/accelerator | Bengaluru, India | ||
SK Silpa Kode | unknown_5bcdd9ad084f43149 | |||
SB Santish Bollina | unknown_af58eda15d2943e3b | |||
AK Aneesh Kode | unknown_5f1d331e759149d19 |
Investor details for Krate
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 Krate Fashion Technologies Private Limited (Krate)
Krate Fashion Technologies Private Limited is the primary company behind Krate. The board of Krate Fashion Technologies Private Limited currently have 2 directors; the longest-serving is Suprathik Gangapatnam Venkata Reddy, appointed in 2016.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Suprathik Gangapatnam Venkata Reddy DIN 06537762 | Director | 10 Oct 2016 | 10 yrs | Krate Fashion Technologies Private Limited |
| Siddhartha Reddy Tera DIN 07564655 | Director | 10 Oct 2016 | 10 yrs | Krate Fashion Technologies Private Limited |
Financials of Krate
Figures of Krate Fashion Technologies Private Limited, the primary company behind Krate, for FY 2024. Revenue was ₹1.9 Lakh (-83% year on year). Net loss was -₹6.3 Lakh (-338% margin). EBITDA was -₹5.3 Lakh (-285% margin). Revenue has grown at a compounded annual rate of -69% over three years and -46% over five years.
- ₹1.9 LakhRevenue · FY 2024 · -83% YoY
- -₹6.3 LakhNet loss · -338% margin
- -₹5.3 LakhEBITDA · -285% margin
- ₹12.3 LakhPaid-up capital
- -69%Revenue CAGR, 3 years
- -46%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Krate Fashion Technologies Private Limited are on its company page.
Detailed financial statements for Krate
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 Krate
3 dated milestones of Krate across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Krate is founded.
- Funding First funding round.
- Funding Latest funding round, Angel Round, of $98K.
Competitors of Krate
Krate has 3 listed competitors in our database, 1 of them funded. They include OhLook, Clothist and GetSty.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ohlook.in | 2016 | Hyderabad, India | $19,902 | Weekly branded shirt packs are delivered to men via subscription. | ||
| clothist.in | 2015 | Bengaluru, India | Provides personalized at-home fashion solutions tailored for men. | |||
| getsty.com | 2015 | Bengaluru, India | Men's clothing is handpicked by stylists after style surveys. |
Detailed competitors of Krate
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Krate (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 143.24 M | USD 32.66 M | 711 |
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Frequently Asked Questions about Krate
Krate was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Krate is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Krate is a funded company, having raised a total of $97.62K across 2 funding rounds to date.
The primary company behind Krate, Krate Fashion Technologies Private Limited, reported revenue of ₹1.9 Lakh for FY 2024, down 83% year on year.
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.
Krate has 4 investors. Key investors include Silpa Kode, Santish Bollina, Aneesh Kode, and Axilor Accelerator.
The valuation of Krate is $777.06K as of Aug 2019.
Krate operates through Krate Fashion Technologies Private Limited.
The legal entities of Krate currently have 2 directors, including Suprathik Gangapatnam Venkata Reddy, Siddhartha Reddy Tera.