About LiteStore
LiteStore is a company based in Bengaluru (India) founded in 2021 by Tarun Sundaram, Pranav Agrawal, and Puneet Dinesh.. LiteStore has raised $7.24 million across 2 funding rounds from investors including Angel List, Accel and Brigade REAP. LiteStore operates in a competitive market with competitors including SPS Commerce, Petsknow, Beijing Youbu Intelligent Technology and RGBMAX, among others.
- Headquarter Bengaluru, India
- Founders Tarun Sundaram, Pranav Agrawal, Puneet Dinesh
- Stage Minicorn
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Sectors
RetailTechnology
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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 Popspace Technologies Private Limited
- Date of Incorporation 13 Jul, 2021
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$120.93 K (USD)298.43as on Mar 31, 2023
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Net Profit
$-42.07 K (USD)-211.79as on Mar 31, 2023
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EBITDA
$-27.84 K (USD)-114.32as on Mar 31, 2023
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Total Equity Funding
$7.24 M (USD)
in 2 rounds
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Latest Funding Round
$5.53 M (USD), Series A
Mar 29, 2024
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Investors
Angel List
& 6 more
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Employee Count
Employee Count
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Funding Insights of LiteStore
LiteStore has successfully raised a total of $7.24M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.53 million completed in March 2024. 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 Series A — $5.5M
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First Round
First Round
(31 Mar 2023)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - LiteStore | Valuation | Panthera Peak Capital , Accel |
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| Mar, 2023 | Amount | Seed - LiteStore | Valuation | Accel , Angel List |
| 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 LiteStore
LiteStore has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Angel List, Accel and Brigade REAP. 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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Venture debt fund focused on early stage companies
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Investment firm offering funding solutions to early stage tech companies
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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 LiteStore
| 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 - LiteStore
| 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 |
Litestore Comparisons
Competitors of LiteStore
LiteStore 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 SPS Commerce, Petsknow, Beijing Youbu Intelligent Technology and RGBMAX, 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 |
Software suite solutions for retail supply chain are provided.
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| domain | founded_year | HQ Location |
Platform offering solution to open pet store
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| domain | founded_year | HQ Location |
AI-enabled tech services are provided for offline stores.
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| domain | founded_year | HQ Location |
Provides LED display screens and retail advertising solutions for businesses.
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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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Latest news on Litestore
Frequently Asked Questions about LiteStore
When was LiteStore founded?
LiteStore was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is LiteStore located?
LiteStore is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is LiteStore a funded company?
LiteStore is a funded company, having raised a total of $7.24M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.71M, raised on Mar 31, 2023.
What is the annual revenue of LiteStore?
Annual revenue of LiteStore is $120.93K as on Mar 31, 2023.
What does LiteStore do?
Platform that enables brands to source, design, and operate retail stores. It is a flexi-retail platform that enables brands to easily source, design, execute, and operate retail stores. The company provides an offline enabler ecosystem for brands to create premium physical stores for a short-term or long-term period. The platform allows brands to bring their brand to life in a retail space, combining online and offline channels to enhance customer experience.
Who are the top competitors of LiteStore?
LiteStore's top competitors include SPS Commerce, Petsknow and Beijing Youbu Intelligent Technology.
Who are LiteStore's investors?
LiteStore has 7 investors. Key investors include Angel List, Accel, Brigade REAP, Panthera Peak Capital, and Sorin.
What is LiteStore's valuation?
The valuation of LiteStore is $21.13M as of Mar 2024.