About Lal10
Lal10 is a Retail company based in Bengaluru (India) founded in 2015 by Albin Anto Jose, Sanchit Govil, and Maneet Gohil. Apparel and home furnishings are sourced via a B2B platform. It operates on a B2B2C and Two-Sided Marketplace model. Lal10 has raised $7.11 million across 7 funding rounds from investors including BlackSoil, Wellfound and Intellecap. Lal10 was last valued at $19.65 million in October 2023. Its chief executive, as recorded, is Maneet Gohil. Its Indian entity Bhagwandas Retail Private Limited reported revenue of ₹14.37 Cr. Lal10 offers products and services including Apparel Production, Design Services, Fabric Sourcing, Merchandising Solutions, and Global Shipping. Its focus areas include Manufacturing, Apparel Manufacturing and Textile and Clothing. Its competitors include ShopKirana, Vilcart and XPAND; 3 of its 3 listed competitors have raised funding.
Company details
Lal10 is involved in apparel manufacturing with a focus on design, production, and supply chain transparency. Operations are supported by technology, enabling design-to-delivery processes for brands. Services include fabric sourcing, merchandising, quality assurance, and global shipping. The company is committed to sustainable manufacturing practices and minimal waste in the fashion industry. Multiple sectors such as womens, mens, kids, ethnic, and western wear are covered. A network of partner factories and owned units in India supports production capabilities.
- Headquarters Bengaluru, India
- Founders Albin Anto Jose, Sanchit Govil, Maneet Gohil
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website lal10.com
- Social LinkedIn X Facebook Instagram
- Legal Name Bhagwandas Retail Private Limited
- Date of Incorporation 19 Aug, 2014
- Jurisdiction Noida, Uttar Pradesh, India
- Annual Revenue₹14.37 Cr
FY 2024 · -46% YoY
- Net Loss-₹14.41 Cr
FY 2024 · -100% margin
- EBITDA-₹13.05 Cr
FY 2024 · -91% margin
- Total Equity Funding$7.11M (USD)
in 7 rounds
- Latest Funding Round$1.67M (USD), Series A
Oct 2023
- InvestorsBlackSoil
& 54 more
Associated legal entities of Lal10
Lal10 operates through Bhagwandas Retail 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 |
|---|---|---|---|---|---|---|---|
| Bhagwandas Retail Private Limited CIN U74120UP2014PTC065536 | Active | 19 Aug 2014 | Noida, Uttar Pradesh | ₹14.4 Cr | 43 | 4 | View details |
Products & Services of Lal10
Lal10 offers a comprehensive portfolio of products and services, including Apparel Production, Design Services, Fabric Sourcing, Merchandising Solutions, and Global Shipping.
High-quality apparel production is provided with precision standards.
Innovative designs are created tailored for specific brands.
Top-quality fabrics are sourced for brand manufacturing needs.
Bespoke merchandising solutions are offered for unique brands.
Reliable global shipping services are provided to destinations.
Apps and channels of Lal10
Lal10 publishes 2 mobile apps with over 100 downloads.
Funding Insights of Lal10
Lal10 has successfully raised a total of $7.11M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $1.67 million completed in October 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 $7.11M
- Total Rounds 7
- Last Round Series A — $1.67M
- First Round $344,065
(Sep 2017)
- Investors Count 55
All 7 funding rounds of Lal10 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 |
|---|---|---|---|---|---|
| Oct 2023 | $1.67M | Series A | $19.65M | Beyond Capital Ventures | |
| Jun 2022 | $1.5M | Debt – Conventional | $13.31M | – | – |
| May 2022 | $4M | Seed | $••••• | Yuj, Beyond Capital Ventures | |
| Aug 2020 | Grant | – | – | ||
| Aug 2019 | $1.1M | Seed | $••••• | Sorenson Impact | |
| Jul 2018 | Seed | – | – | ||
| Sep 2017 | $344,065 | Seed | $••••• | TT Jagannathan |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2023 | $19.65M | •••••••• |
| Jun 2022 | $13.31M | •••••••• |
| May 2022 | $••••• | •••••••• |
| Aug 2019 | $••••• | •••••••• |
| Sep 2017 | $••••• | •••••••• |
Full valuation and stage history of Lal10
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $19.65M (Oct 2023). 55 investors in total: 31 institutional and 24 angel.
Investors in Lal10
Lal10 has secured backing from 55 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include BlackSoil, Wellfound and Intellecap.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in multiple sectors | beyondcapitalventures.com | New York, United States | ||
Venture capital firm focusing on technology investments in Southeast Asia and India. | 2013 | spiral-ventures.com | Singapore, Singapore | |
Private equity firm focused on multiple sectors | London, United Kingdom | |||
Venture capital firm backed by Yuj platform | yujkutumb.com | Singapore, Singapore | ||
Early-stage startups are invested in by Asymmetry Ventures fund. | asymmetry.vc | San Francisco, United States | ||
Venture debt fund focused on early stage companies | 2021 | panthera-peak.com | ||
Early-stage investments are targeted at healthcare, fintech, and education sectors. | pegasusfininvest.com | Mumbai, India | ||
Potato farming, grain marketing, and equipment services in Maine. | 2017 | reasoned.ventures | Mumbai, India | |
Investments in social ventures for poverty alleviation in Africa and India. | 2007 | insaangroup.org | ||
Venture capital is directed toward companies in multiple sectors. | sorensonimpactfoundation.org | Salt Lake City, United States |
Investor details for Lal10
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Bhagwandas Retail Private Limited (Lal10)
Bhagwandas Retail Private Limited is the primary company behind Lal10. The board of Bhagwandas Retail Private Limited currently have 4 directors; the longest-serving is Maneet M Gohil, appointed in 2014. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Maneet M Gohil DIN 06921858 | Director | 19 Aug 2014 | 12 yrs 2 mo | Bhagwandas Retail Private Limited |
| Sanchit Govil DIN 07442763 | Director | 05 May 2016 | 10 yrs 6 mo | Bhagwandas Retail Private Limited |
| Albin Anto Jose DIN 10366871 | Director | 15 Dec 2023 | 2 yrs 10 mo | Bhagwandas Retail Private Limited |
| Eva Helene Yazhari DIN 10402807 | Nominee Director | 15 Dec 2023 | 2 yrs 10 mo | Bhagwandas Retail Private Limited |
People of Lal10
14 people are tracked at Lal10 (9 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CPO | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Gaffar Khan | General Manager-Sourcing and Production | Leadership |
Ram S. | VP, Finance | Leadership |
Rajat Agrawal | CTO | Leadership |
Vivek Rai | VP Engineering | Leadership |
Shivam Trivedi | Associate Director Of Product | Leadership |
karan deep Singh | General Manager - Digital Marketing | Leadership |
Anik Paul 🌈 | Senior Designer | Team |
Mahesh Singh | GM Sourcing | Team |
Anjali Singh (she/her) | Senior Human Resources Manager | Team |
Om Purwar | System Design Engineer | Team |
Prateek Nagar | General Sales Manager | Team |
Complete people profiles for Lal10
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Lal10
Figures of Bhagwandas Retail Private Limited, the primary company behind Lal10, for FY 2024. Revenue was ₹14.37 Cr (-46% year on year). Net loss was -₹14.41 Cr (-100% margin). EBITDA was -₹13.05 Cr (-91% margin). Revenue has grown at a compounded annual rate of +108% over three years and +47% over five years.
- ₹14.37 CrRevenue · FY 2024 · -46% YoY
- -₹14.41 CrNet loss · -100% margin
- -₹13.05 CrEBITDA · -91% margin
- ₹2.3 LakhPaid-up capital
- 43Employees (provident fund records)
- +108%Revenue CAGR, 3 years
- +47%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Bhagwandas Retail Private Limited are on its company page.
Detailed financial statements for Lal10
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Lal10
4 dated milestones of Lal10 across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Lal10 is founded.
- Funding First funding round of $344K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $1.7M.
Competitors of Lal10
Lal10 has 3 listed competitors in our database, 3 of them funded. They include ShopKirana, Vilcart and XPAND.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| shopkirana.com | 2015 | Indore, India | $59.21M | 277 | Provider of B2B procurement platform for grocery retailers | |
| vilcart.in | 2018 | Bengaluru, India | $31.38M | 1,214 | Tech-enabled logistics solutions are provided for rural retailers in India. | |
| xpand.co.in | 2021 | Noida, India | $1.5M | 65 | Online B2B rural aggregator platform connecting brands with kirana stores |
Detailed competitors of Lal10
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Lal10
The website of Lal10 (lal10.com) receives about 2K visits a month.
- Monthly visits2K
▼ 35.9% vs previous month
Websites whose visitors overlap most with Lal10. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| outofthesandbox.com | 100% | 66.7K | #550,122 | View details |
Top companies in Rural Ecommerce
3 companies that operate in the same segment as Lal10 (Rural Ecommerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Rural B2B e-commerce and logistics platform is operated. | 2014 | Pune, Maharashtra, India | USD 461.5 M | USD 583.27 M | 1,557 | |
Provider of fintech and agritech company to connect rural communities with urban businesses | 2012 | Hyderabad, Telangana, India | USD 19.86 M | USD 126.44 M | 24 | |
Provider of B2B procurement platform for grocery retailers | 2015 | Indore, Madhya Pradesh, India | USD 59.21 M | USD 54.87 M | 743 |
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Related news about Lal10
Complete news archive for Lal10
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Frequently Asked Questions about Lal10
Lal10 was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Lal10 is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Maneet Gohil is the CEO of Lal10, as recorded in our data. They have also founded this company.
Lal10 is a funded company, having raised a total of $7.11M across 7 funding rounds to date. The company's 1st funding round was a Seed of $344.07K, raised on Sep 2017.
The primary company behind Lal10, Bhagwandas Retail Private Limited, reported revenue of ₹14.37 Cr for FY 2024, down 46% year on year.
Lal10 is involved in apparel manufacturing with a focus on design, production, and supply chain transparency. Operations are supported by technology, enabling design-to-delivery processes for brands. Services include fabric sourcing, merchandising, quality assurance, and global shipping. The company is committed to sustainable manufacturing practices and minimal waste in the fashion industry. Multiple sectors such as womens, mens, kids, ethnic, and western wear are covered. A network of partner factories and owned units in India supports production capabilities.
Lal10's top competitors include ShopKirana, Vilcart and XPAND.
Lal10 offers Apparel Production, Design Services, Fabric Sourcing, Merchandising Solutions, and Global Shipping.
Lal10 has 55 investors. Key investors include BlackSoil, Wellfound, Intellecap, LetsVenture, and Villgro.
The valuation of Lal10 is $19.65M as of Oct 2023.
Lal10 operates through Bhagwandas Retail Private Limited.
The legal entities of Lal10 currently have 4 directors, including Albin Anto Jose, Eva Helene Yazhari, Maneet M Gohil and others.