About Lemonade
Lemonade is a Retail company based in Gurugram (India) founded in 2022 by Sambuddha Bhattacharya and Gokul Ramanujam. Eco-friendly multi-category products are sold online by Lemonade. It operates on a Direct-to-Consumer (D2C) model. Lemonade has raised $123.76 thousand across 2 funding rounds from investors including Angel List and Accelerating Asia Ventures. The company has 1 employees. Lemonade was last valued at $5.06 million in August 2022. Its chief executive, as recorded, is Sambuddha Bhattacharya. Its Indian entity Citrea Growth Partners Private Limited reported revenue of ₹2.21 Cr. Lemonade offers products and services including Sustainable Polos, Cashmere Throws, and Leather Bags. Its focus areas include Consumer Goods, Apparel, Sustainable Fashion and Home Decor. Its competitors include Jaypore, Karghewale and House of Mangalam; 1 of its 3 listed competitors has raised funding.
Company details
Luxury apparel, footwear, home decor, and accessories are offered by Lemonade at competitive prices. The company focuses on sustainable fashion with a range of eco-friendly clothing like sustainable polos and t-shirts. High-quality home products such as cashmere throws and elegant rugs are also provided to enhance living spaces. Lemonade aims to dispel the notion that price reflects product cost by delivering luxury quality without significant markups. The brand serves a wide audience seeking affordable yet sophisticated products across apparel and home sectors.
- Headquarters Gurugram, India
- Employees 1
- Founders Sambuddha Bhattacharya, Gokul Ramanujam
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website lemonade.shop
- Social LinkedIn X Facebook Instagram
- Legal Name Citrea Growth Partners Private Limited
- Date of Incorporation 14 Jul, 2021
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹2.21 Cr
FY 2023 · +883% YoY
- Net Loss-₹2.53 Cr
FY 2023 · -114% margin
- EBITDA-₹2.53 Cr
FY 2023 · -115% margin
- Total Equity Funding$123.76K (USD)
in 2 rounds
- InvestorsAngel List
& 1 more
- Employee Count1
Associated legal entities of Lemonade
Lemonade operates through Citrea Growth Partners Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Citrea Growth Partners Private Limited CIN U74999DL2021PTC383684 | Active | 14 Jul 2021 | New Delhi, Delhi | ₹2.2 Cr | 3 | View details |
Products & Services of Lemonade
Lemonade offers a comprehensive portfolio of products and services, including Sustainable Polos, Cashmere Throws, and Leather Bags.
Sustainable polos are offered for eco-conscious fashion choices.
Luxury cashmere throws are provided for home styling needs.
High-quality leather bags are crafted for everyday use.
Funding Insights of Lemonade
Lemonade has successfully raised a total of $123.76K across 2 strategic funding rounds. 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 $123,762
- Total Rounds 2
- First Round $123,762
(Aug 2022)
- Investors Count 2
All 2 funding rounds of Lemonade 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 |
|---|---|---|---|---|---|
| Jun 2023 | Seed | – | Accelerating Asia | – | |
| Aug 2022 | $123,762 | Seed | $5.06M | Angel List | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2022 | $5.06M | •••••••• |
Last known valuation $5.06M (Aug 2022). 2 investors in total: 2 institutional.
Investors in Lemonade
Lemonade has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Angel List and Accelerating Asia Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated and funded across Asia. | acceleratingasia.com | Singapore, Singapore | ||
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States |
Investor details for Lemonade
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 Citrea Growth Partners Private Limited (Lemonade)
Citrea Growth Partners Private Limited is the primary company behind Lemonade. The board of Citrea Growth Partners Private Limited currently have 3 directors; the longest-serving is Sambuddha Bhattacharya, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sambuddha Bhattacharya DIN 05199332 | Director | 14 Jul 2021 | 5 yrs 3 mo | Citrea Growth Partners Private Limited |
| Ramanujam Gokul DIN 07274644 | Director | 14 Jul 2021 | 5 yrs 3 mo | Citrea Growth Partners Private Limited |
| Aditya Prakash DIN 02965358 | Director | 14 Jul 2021 | 5 yrs 3 mo | Citrea Growth Partners Private Limited |
People of Lemonade
2 people are tracked at Lemonade (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & COO | Leadership |
Complete people profiles for Lemonade
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 Lemonade
Figures of Citrea Growth Partners Private Limited, the primary company behind Lemonade, for FY 2023. Revenue was ₹2.21 Cr (+883% year on year). Net loss was -₹2.53 Cr (-114% margin). EBITDA was -₹2.53 Cr (-115% margin).
- ₹2.21 CrRevenue · FY 2023 · +883% YoY
- -₹2.53 CrNet loss · -114% margin
- -₹2.53 CrEBITDA · -115% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Citrea Growth Partners Private Limited are on its company page.
Detailed financial statements for Lemonade
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 Lemonade
4 dated milestones of Lemonade across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Lemonade is founded.
- Funding First funding round of $124K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed,.
Competitors of Lemonade
Lemonade has 3 listed competitors in our database, 1 of them funded. They include Jaypore, Karghewale and House of Mangalam.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jaypore.com | 2011 | Delhi, India | $7.86M | 189 | Handcrafted and artisanal products are sold via an e-commerce platform. | |
| karghewale.com | 2020 | Khargone, India | 18 | Handlooms and crafts apparel are retailed for the fashion industry. | ||
| houseofmangalam.com | 2020 | Mumbai, India | 319 | Online seller of organic camphor products for aromatherapy, cleaning, and religious use. |
Detailed competitors of Lemonade
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.
Web traffic of Lemonade
The website of Lemonade (lemonade.shop) receives about 3.5K visits a month.
- Monthly visits3.5K
▼ 36% vs previous month
Websites whose visitors overlap most with Lemonade. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rapawalk.com | 100% | 117.9K | #230,657 | View details | |
lemonate-antwerp.com | lemonate-antwerp.com | 99% | #2,190,760 | – | |
classyvouge.in | classyvouge.in | 98% | – | ||
| aham.store | 94% | 25.7K | #749,430 | View details | |
| theluxurypop.com | 90% | 27.1K | #917,695 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Lemonade
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Marketplaces & General E-Commerce
2 companies that operate in the same segment as Lemonade (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 Lemonade
Lemonade was founded in 2022.
Lemonade is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Sambuddha Bhattacharya is the CEO of Lemonade, as recorded in our data. They have also founded this company.
Lemonade is a funded company, having raised a total of $123.76K across 2 funding rounds to date. The company's 1st funding round was a Seed of $123.76K, raised on Aug 2022.
Lemonade has 1 employees.
The primary company behind Lemonade, Citrea Growth Partners Private Limited, reported revenue of ₹2.21 Cr for FY 2023, up 883% year on year.
Luxury apparel, footwear, home decor, and accessories are offered by Lemonade at competitive prices. The company focuses on sustainable fashion with a range of eco-friendly clothing like sustainable polos and t-shirts. High-quality home products such as cashmere throws and elegant rugs are also provided to enhance living spaces. Lemonade aims to dispel the notion that price reflects product cost by delivering luxury quality without significant markups. The brand serves a wide audience seeking affordable yet sophisticated products across apparel and home sectors.
Lemonade's top competitors include Jaypore, Karghewale and House of Mangalam.
Lemonade offers Sustainable Polos, Cashmere Throws, and Leather Bags.
Lemonade has 2 investors. Key investors include Angel List, and Accelerating Asia Ventures.
The valuation of Lemonade is $5.06M as of Aug 2022.
Lemonade operates through Citrea Growth Partners Private Limited.