About MaxWholesale
MaxWholesale is a company based in Delhi (India) founded in 2016 by Naresh Chand Agrawal and Rohit Narang. MaxWholesale has raised $7.35 million across 9 funding rounds from investors including Haystack TV, Indian Angel Network Fund and Oswaal Books. The company has 1 employees. MaxWholesale offers products and services including News Website and Article Updates. MaxWholesale operates in a competitive market with competitors including HyperPure, Jumbotail, Apnaklub, ShopKirana and LoadShare, among others.
- Headquarter Delhi, India
- Employees 1
- Founders Naresh Chand Agrawal, Rohit Narang
- Stage Minicorn
- SectorsTechnologyRetail Transportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website maxwholesale.in
- Social LinkedIn X
- Legal Name 99 Algorithms Private Limited
- Date of Incorporation 15 May, 2015
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹2.00 Cr
FY 2023 · -99% YoY
- Net Loss-₹1.69 Cr
FY 2023 · -84% margin
- EBITDA-₹1.63 Cr
FY 2023 · -81% margin
- Total Equity Funding$7.35M (USD)
in 9 rounds
- Latest Funding Round$133.24K (USD), Series A
Dec 2022
- InvestorsHaystack TV
& 114 more
- Employee Count1
Associated legal entities of MaxWholesale
MaxWholesale operates through 99 Algorithms 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 |
|---|---|---|---|---|---|---|---|
| 99 Algorithms Private Limited CIN U72300DL2015PTC280282 | Active | 15 May 2015 | New Delhi, Delhi | ₹2.0 Cr | 2 | 2 | View details |
Products & Services of MaxWholesale
MaxWholesale offers a comprehensive portfolio of products and services, including News Website and Article Updates.
Offers online platform for daily news articles on diverse topics
Provides timely news feeds on tech and global events
Funding Insights of MaxWholesale
MaxWholesale has successfully raised a total of $7.35M across 9 strategic funding rounds. The most recent funding activity was a Series A round of $133.24 thousand completed in December 2022. 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 $7.35M
- Total Rounds 9
- Last Round Series A — $133,236
- First Round $14,793
(Jul 2016)
- Investors Count 115
All 9 funding rounds of MaxWholesale 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 |
|---|---|---|---|---|---|
| Dec 2022 | $133,236 | Series A | $13.46M | TPN Investments, Haystack TV | |
| Sep 2021 | $1.02M | Series A | $36.68M | Indian Angel Network | |
| Jun 2020 | $1.18M | Series A | $••••• | Indian Angel Network | |
| Feb 2020 | $3M | Series A | – | Indian Angel Network Fund, Indian Angel Network | |
| May 2019 | $573,208 | Seed | $••••• | Indian Angel Network | |
| May 2018 | $379,898 | Seed | $••••• | Abhishek Rathi | |
| Jun 2017 | $1M | Seed | $••••• | Abhishek Rathi, Ambarish Raghuvanshi | |
| Nov 2016 | $50,161 | Angel Round | $••••• | Shyam Shankar | – |
| Jul 2016 | $14,793 | Seed | $••••• | Maple Capital Advisors, Abhinav Grover |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2022 | $13.46M | •••••••• |
| Sep 2021 | $36.68M | •••••••• |
| Jun 2020 | $••••• | •••••••• |
| May 2019 | $••••• | •••••••• |
| May 2018 | $••••• | •••••••• |
| Jun 2017 | $••••• | •••••••• |
Full valuation and stage history of MaxWholesale
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $13.46M (Dec 2022). 115 investors in total: 16 institutional and 99 angel.
Investors in MaxWholesale
MaxWholesale has secured backing from 115 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Haystack TV, Indian Angel Network Fund and Oswaal Books.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Single family office and venture capital firm focused on early-stage companies | – | tpninvestments.ae | Abu Dhabi, United Arab Emirates | |
Angel investor network investing in early-stage startups | – | iangroup.vc | Delhi, India | |
Private equity and venture capital are directed toward early-stage companies. | – | alfalaj-investment.ae | Abu Dhabi, United Arab Emirates | |
- | – | cubsfamilyprivatetrust.tcc.mode | - | |
Multiple-stage venture capital investments are managed by Haystack. | – | haystack.vc | Menlo Park, United States | |
Multiple sectors including logistics and green tech are invested in. | – | kochiho.in | Bengaluru, India | |
Venture capital investments and support for startups in sectors like AI and healthcare. | 2017 | ian-fund.com | Kolkata, India | |
Personalized video news is aggregated across phones, tablets, and TVs. | 2013 | haystack.tv | Redwood City, United States | |
Financial leasing and insurance services are provided to clients. | – | rajgarhialeasingandfinancial.tcc.mode | Delhi, India | |
- | – | fortkochiholdingslimited.tcc.mode | - |
Investor details for MaxWholesale
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 99 Algorithms Private Limited (MaxWholesale)
99 Algorithms Private Limited is the primary company behind MaxWholesale. The board of 99 Algorithms Private Limited currently have 2 directors; the longest-serving is Rohit Narang, appointed in 2016. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rohit Narang DIN 07525198 | Director | 23 May 2016 | 10 yrs 4 mo | 99 Algorithms Private Limited |
| Ruchi Narang DIN 10339879 | Director | 29 Oct 2023 | 2 yrs 11 mo | 99 Algorithms Private Limited |
People of MaxWholesale
2 people are tracked at MaxWholesale (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
| Co-Founder & COO | Leadership |
Complete people profiles for MaxWholesale
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 MaxWholesale
Figures of 99 Algorithms Private Limited, the primary company behind MaxWholesale, for FY 2023. Revenue was ₹2.00 Cr (-99% year on year). Net loss was -₹1.69 Cr (-84% margin). EBITDA was -₹1.63 Cr (-81% margin). Revenue has grown at a compounded annual rate of -56% over three years and -24% over five years.
- ₹2.00 CrRevenue · FY 2023 · -99% YoY
- -₹1.69 CrNet loss · -84% margin
- -₹1.63 CrEBITDA · -81% margin
- ₹1.1 LakhPaid-up capital
- 2Employees (provident fund records)
- -56%Revenue CAGR, 3 years
- -24%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of 99 Algorithms Private Limited are on its company page.
Detailed financial statements for MaxWholesale
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 MaxWholesale
4 dated milestones of MaxWholesale across 6 years, from founding to its latest funding, stage changes and deals.
- Founded MaxWholesale is founded.
- Funding First funding round of $15K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $133K.
Competitors of MaxWholesale
MaxWholesale 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 HyperPure, Jumbotail, Apnaklub, ShopKirana and LoadShare, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hyperpure.com | 2015 | Delhi, India | $1.11M | 3,302 | Food industry ingredients are supplied via a B2B platform. | |
| jumbotail.com | 2015 | Bengaluru, India | $279.36M | 437 | B2B marketplace platform connecting retailers with brands and staples producers | |
| apnaklub.com | 2019 | Bengaluru, India | $32.59M | 388 | Local wholesale businesses are facilitated via an e-distribution platform. | |
| shopkirana.com | 2015 | Indore, India | $59.21M | 277 | Provider of B2B procurement platform for grocery retailers | |
| loadshare.net | 2017 | Bengaluru, India | $65.01M | 440 | Provider of end-to-end logistics delivery services | |
| elastic.run | 2014 | Pune, India | $461.5M | 1,498 | Rural B2B e-commerce and logistics platform is operated. | |
| whizzard.in | 2019 | Hyderabad, India | $578,852 | 113 | Last-mile delivery services for e-commerce are provided intracity. | |
| exprs.com | 2018 | Hyderabad, India | $1.04M | 4 | Last-mile delivery solutions are offered for e-commerce brands and communities. | |
| wheelocity.com | 2022 | Chennai, India | $27M | 64 | Provider of software solutions for supply chain and logistics management | |
| bigblue.co | 2018 | Toulouse, France | $18.6M | – | Shipping solutions for online sellers are automated by Bigblue. |
Detailed competitors of MaxWholesale
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.
Latest news on Maxwholesale
Complete news archive for MaxWholesale
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to MaxWholesale
10 companies that operate in the same segment as MaxWholesale (Brand & Marketing Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 344.42 M | USD 135.47 M | 800 | |
Crafts global health and wellness brands for digital platforms. | 2021 | Bengaluru, Karnataka, India | USD 206.9 M | USD 71.62 M | 427 | |
SaaS email marketing solutions are offered to e-commerce businesses. | 2012 | Boston, Massachusetts, United States | USD 778.5 M | USD 1.23 B | 2,180 | |
Platform acquiring Amazon FBA brands | 2018 | Walpole, Massachusetts, United States | USD 3.35 B | – | 1 | |
Digital consumer brands are acquired and enabled by technology platform. | 2004 | Manchester, Greater Manchester, United Kingdom | USD 722.56 M | USD 2.32 B | 6,790 | |
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 | |
SaaS-based collaborative commerce solutions are provided for brands and retailers. | 2000 | New York, New York, United States | USD 365 M | USD 240.52 M | 1,370 | |
AI-driven conversational marketing solutions are provided for ecommerce businesses. | 2016 | New York, New York, United States | USD 1.03 B | – | – | |
AI platform for retail ecommerce management and optimization is provided. | 2012 | Mountain View, California, United States | USD 195.5 M | USD 11.75 M | 256 | |
Revenue-based financing platform for e-commerce brands | 2019 | Dublin, Ireland | USD 1.24 B | – | – |
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Frequently Asked Questions about MaxWholesale
MaxWholesale was founded in 2016.
MaxWholesale is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
MaxWholesale is a funded company, having raised a total of $7.35M across 9 funding rounds to date. The company's 1st funding round was a Seed of $14.79K, raised on Jul 2016.
MaxWholesale has 1 employees.
The primary company behind MaxWholesale, 99 Algorithms Private Limited, reported revenue of ₹2.00 Cr for FY 2023, down 99% year on year.
An online B2B marketplace for grocery products was established in 2016 in Delhi, India. Retailers and wholesalers are connected through the platform for procuring packaged food, beverages, and daily essentials. Procurement and bulk purchasing processes are streamlined for small and medium-sized businesses in the grocery sector. Operations focus on simplifying supply chain interactions within the Indian market.
MaxWholesale offers News Website and Article Updates.
MaxWholesale has 115 investors. Key investors include Haystack TV, Indian Angel Network Fund, Oswaal Books, Maple Capital Advisors, and Status Mark Finvest.
The valuation of MaxWholesale is $13.46M as of Dec 2022.
MaxWholesale operates through 99 Algorithms Private Limited.
The legal entities of MaxWholesale currently have 2 directors, including Ruchi Narang, Rohit Narang.