About Madras Mandi
Madras Mandi is a Retail company based in Chennai (India) founded in 2020 by Prashanth Vasan and Sidharth Raveendran. Fruits and vegetables are retailed by Madras Mandi in Chennai. Madras Mandi has raised $359.23 thousand across 1 funding round from investors including Klub. Its chief executive, as recorded, is Prashanth Vasan. Its Indian entity Shri Annamalai Agro Products Private Limited reported revenue of ₹36.72 Cr. Its focus areas include Food and Agriculture, Food Retailers, Grocery Retailers and Farm Produce.
Company details
Madras Mandi was established in 2020 in Chennai, India, as a retailer focused on fruits and vegetables. Operations are conducted through the domain madrasmandi.in, where fresh produce is distributed to local customers. The sector involves direct sourcing and supply of agricultural goods. Key personnel include Co-Founder and CEO Prashanth Vasan, along with Co-Founder Sidharth Raveendran, who holds DIN 09290170 and PAN CBDPR2134N.
- Headquarters Chennai, India
- Founders Prashanth Vasan, Sidharth Raveendran
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website madrasmandi.in
- Social LinkedIn Facebook Instagram
- Legal Name Shri Annamalai Agro Products Private Limited
- Date of Incorporation 04 Jul, 2020
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹36.72 Cr
FY 2023 · +275% YoY
- Net Profit₹5.1 Lakh
FY 2023 · 0% margin
- EBITDA₹19.9 Lakh
FY 2023 · 1% margin
- Total Equity Funding$359.23K (USD)
in 1 rounds
- Latest Funding Round$359.23K (USD), Seed
May 2024
- Investors
Associated legal entities of Madras Mandi
Madras Mandi is associated with 2 registered companies on The Company Check; the primary company is Shri Annamalai Agro Products Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shri Annamalai Agro Products Private Limited CIN U51221TN2020PTC136173 | Active | 04 Jul 2020 | Chennai, Tamil Nadu | ₹36.7 Cr | 42 | 2 | View details |
| Tech7 Phyll Private Limited CIN U51909KA2022PTC161750 | Active | 26 May 2022 | Bangalore, Karnataka | ₹58.2 Cr | 53 | 2 | View details |
Apps and channels of Madras Mandi
Madras Mandi publishes 2 mobile apps with over 100K+ downloads.
Funding Insights of Madras Mandi
Madras Mandi has successfully raised a total of $359.23K through 1 strategic funding round. The most recent funding activity was a Seed round of $359.23 thousand completed in May 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 $359,226
- Total Rounds 1
- Last Round Seed — $359,226
- First Round $359,226
(May 2024)
- Investors Count 1
All 1 funding rounds of Madras Mandi 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 |
|---|---|---|---|---|---|
| May 2024 | $359,226 | Seed | – | – |
1 investors in total: 1 institutional.
Investors in Madras Mandi
Madras Mandi has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Klub.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fintech platform for revenue-based financing to digital businesses is provided. | 2019 | klubworks.com | Singapore, Singapore |
Investor details for Madras Mandi
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- Complete investor list
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Board of directors of Shri Annamalai Agro Products Private Limited (Madras Mandi)
Shri Annamalai Agro Products Private Limited is the primary company behind Madras Mandi. The boards of the 2 registered companies of Madras Mandi currently have 2 directors; the longest-serving is Thiruvotriyur Shrinivasan Prashanth, appointed in 2022. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Thiruvotriyur Shrinivasan Prashanth DIN 09290430 | Director | 26 May 2022 | 4 yrs 4 mo | Tech7 Phyll Private Limited, Shri Annamalai Agro Products Private Limited |
| Radhakrishnan Vikraman DIN 08769897 | Director | 26 May 2022 | 4 yrs 4 mo | Tech7 Phyll Private Limited, Shri Annamalai Agro Products Private Limited |
People of Madras Mandi
2 people are tracked at Madras Mandi (2 in leadership).
| Name | Role | Group |
|---|---|---|
Prashanth Vasan | Co-Founder & CEO | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Madras Mandi
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- Full employee list
- Team structure
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Financials of Madras Mandi
Figures of Shri Annamalai Agro Products Private Limited, the primary company behind Madras Mandi, for FY 2023. Revenue was ₹36.72 Cr (+275% year on year). Net profit was ₹5.1 Lakh (0% margin). EBITDA was ₹19.9 Lakh (1% margin).
- ₹36.72 CrRevenue · FY 2023 · +275% YoY
- ₹5.1 LakhNet profit · 0% margin
- ₹19.9 LakhEBITDA · 1% margin
- ₹10,000Paid-up capital
- 42Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Shri Annamalai Agro Products Private Limited are on its company page.
Detailed financial statements for Madras Mandi
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Madras Mandi
2 dated milestones of Madras Mandi across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Madras Mandi is founded.
- Funding First funding round of $359K.
Web traffic of Madras Mandi
Websites that share an audience with Madras Mandi (madrasmandi.in).
Websites whose visitors overlap most with Madras Mandi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| familygarden.in | 100% | 1.8K | #7,686,155 | View details | |
| kaaduorganics.com | 93% | #5,348,187 | View details | ||
| mangopoint.in | 92% | 4.6K | #4,088,963 | View details | |
| fresh2day.com | 91% | #4,024,549 | View details | ||
| aamwalla.com | 91% | 1.1K | #13,805,056 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Madras Mandi
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Food & Grocery Retail
3 companies that operate in the same segment as Madras Mandi (Food & Grocery Retail) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | 11,913 |
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Related news about Madras Mandi
Complete news archive for Madras Mandi
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Frequently Asked Questions about Madras Mandi
Madras Mandi was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Madras Mandi is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Prashanth Vasan is the CEO of Madras Mandi, as recorded in our data. They have also founded this company.
Madras Mandi is a funded company, having raised a total of $359.23K across 1 funding round to date. The company's 1st funding round was a Seed of $359.23K, raised on May 2024.
The primary company behind Madras Mandi, Shri Annamalai Agro Products Private Limited, reported revenue of ₹36.72 Cr for FY 2023, up 275% year on year.
Madras Mandi was established in 2020 in Chennai, India, as a retailer focused on fruits and vegetables. Operations are conducted through the domain madrasmandi.in, where fresh produce is distributed to local customers. The sector involves direct sourcing and supply of agricultural goods. Key personnel include Co-Founder and CEO Prashanth Vasan, along with Co-Founder Sidharth Raveendran, who holds DIN 09290170 and PAN CBDPR2134N.
Madras Mandi has 1 investor. Key investors include Klub.
Madras Mandi is associated with 2 legal entities: Shri Annamalai Agro Products Private Limited, Tech7 Phyll Private Limited.
The legal entities of Madras Mandi currently have 2 directors, including Thiruvotriyur Shrinivasan Prashanth, Radhakrishnan Vikraman.
Yes. Madras Mandi publishes Wholesale Mandi and 1 more app, with over 100,000 downloads.