About Madsto
Madsto is a Retail company based in Bengaluru (India) founded in 2017 by S B Prashanth. Casual wear for men is provided through an internet-first brand. Its Indian entity Madsto Clothing Private Limited reported revenue of ₹83.1 Lakh. Madsto offers products and services including Trackpants, Shorts, T-shirts, and Sweatshirts. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Apparel. Its competitors include Bewakoof, Styched and Bombay Shirt Company; 3 of its 3 listed competitors have raised funding.
Company details
Madsto was founded in 2017 in Bengaluru, India, as an internet-first brand focused on the apparel sector. Casual wear for men is offered via an online catalog that includes t-shirts, polos, sweatshirts, shorts, and track pants. Operations are centered on e-commerce distribution within the Indian market, with leadership provided by founder S B Prashanth.
- Headquarters Bengaluru, India
- Founders S B Prashanth
- SectorsRetail
- Phone•••• ••••
- Website madsto.in
- Social Facebook Instagram
- Legal Name Madsto Clothing Private Limited
- Date of Incorporation 30 Mar, 2017
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹83.1 Lakh
FY 2024 · +14% YoY
- Net Loss-₹11.6 Lakh
FY 2024 · -14% margin
- EBITDA-₹9.8 Lakh
FY 2024 · -12% margin
Associated legal entities of Madsto
Madsto operates through Madsto Clothing 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 |
|---|---|---|---|---|---|---|---|
| Madsto Clothing Private Limited CIN U17309KA2017PTC101845 | Active | 30 Mar 2017 | Bengaluru, Karnataka | ₹0.8 Cr | 2 | View details |
Products & Services of Madsto
Madsto offers a comprehensive portfolio of products and services, including Trackpants, Shorts, T-shirts, and Sweatshirts.
Casual trackpants designed for everyday men's wear.
Comfortable shorts for men's casual activities.
Basic T-shirts for youthful men's fashion.
Warm sweatshirts for men's daily use.
Funding Insights of Madsto
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Madsto 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 | Seed | – | Prajay Advisors | – |
1 investors in total: 1 institutional.
Investors in Madsto
Madsto has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Prajay Advisors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital & advisory firm | Mumbai, India |
Investor details for Madsto
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 Madsto Clothing Private Limited (Madsto)
Madsto Clothing Private Limited is the primary company behind Madsto. The board of Madsto Clothing Private Limited currently have 2 directors; the longest-serving is Bhanu Prashanth Sathri, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhanu Prashanth Sathri DIN 07968288 | Director | 16 Oct 2017 | 9 yrs | Madsto Clothing Private Limited |
| Farhana Kadkol DIN 09588507 | Director | 04 May 2022 | 4 yrs 6 mo | Madsto Clothing Private Limited |
People of Madsto
1 people are tracked at Madsto (1 in leadership).
| Name | Role | Group |
|---|---|---|
S B Prashanth | Founder | Leadership |
Complete people profiles for Madsto
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 Madsto
Figures of Madsto Clothing Private Limited, the primary company behind Madsto, for FY 2024. Revenue was ₹83.1 Lakh (+14% year on year). Net loss was -₹11.6 Lakh (-14% margin). EBITDA was -₹9.8 Lakh (-12% margin). Revenue has grown at a compounded annual rate of +121% over three years and +36% over five years.
- ₹83.1 LakhRevenue · FY 2024 · +14% YoY
- -₹11.6 LakhNet loss · -14% margin
- -₹9.8 LakhEBITDA · -12% margin
- ₹9.2 LakhPaid-up capital
- +121%Revenue CAGR, 3 years
- +36%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Madsto Clothing Private Limited are on its company page.
Detailed financial statements for Madsto
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 Madsto
2 dated milestones of Madsto across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Madsto is founded.
- Funding First funding round.
Competitors of Madsto
Madsto has 3 listed competitors in our database, 3 of them funded. They include Bewakoof, Styched and Bombay Shirt Company.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bewakoof.com | 2011 | Mumbai, India | $39.49M | 161 | Multi-category fashion products are sold by an internet-first brand. | |
| styched.in | 2019 | Bengaluru, India | $925,098 | Multi-category fashion for men and women is offered online. | ||
| bombayshirts.com | 2012 | Mumbai, India | $24.76M | 61 | Custom shirts and apparel are provided with personalization options. |
Detailed competitors of Madsto
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 Madsto
The website of Madsto (madsto.in) receives about 1.4K visits a month.
- Monthly visits1.4K
▲ 8.9% vs previous month
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Madsto (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 639.15 M | 1,031 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 144.58 M | USD 32.66 M | 711 |
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Frequently Asked Questions about Madsto
Madsto was founded in 2017 and raised its 1st funding round 6 years after it was founded.
Madsto is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Madsto, Madsto Clothing Private Limited, reported revenue of ₹83.1 Lakh for FY 2024, up 14% year on year.
Madsto was founded in 2017 in Bengaluru, India, as an internet-first brand focused on the apparel sector. Casual wear for men is offered via an online catalog that includes t-shirts, polos, sweatshirts, shorts, and track pants. Operations are centered on e-commerce distribution within the Indian market, with leadership provided by founder S B Prashanth.
Madsto's top competitors include Bewakoof, Bombay Shirt Company and Styched.
Madsto offers Trackpants, Shorts, T-shirts, and Sweatshirts.
Madsto has 1 investor. Key investors include Prajay Advisors.
Madsto operates through Madsto Clothing Private Limited.
The legal entities of Madsto currently have 2 directors, including Farhana Kadkol, Bhanu Prashanth Sathri.