About mVikarsha
mVikarsha was a Retail company based in Bengaluru (India) founded in 2012 by RG Jayakrishnan and Durai Rajasekar. It delivers assisted e-commerce services tailored for small towns. It operates on a B2C model. mVikarsha has raised $1.18 million across 2 funding rounds. The company has 1 employees. Its chief executive, as recorded, is Durai Rajasekar. Its Indian entity Mvikarsha Mobile Solutions Private Limited reported revenue of ₹1 Lakh. The company is recorded as dissolved. Its focus areas include E-commerce, Assisted Shopping and Rural Markets. Its competitors include CSC Grameen eStore, StoreKing and MartConnect; 2 of its 3 listed competitors have raised funding.
Company details
mVikarsha, based in Bengaluru, focuses on operating online marketplaces, engaging in retail operations, assisted shopping, and rural markets. Delivers assisted e-commerce services tailored for small towns. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Employees 1
- Founders RG Jayakrishnan, Durai Rajasekar
- SectorsRetail
- Website mvikarsha.com
- Legal Name Mvikarsha Mobile Solutions Private Limited
- Date of Incorporation 04 Apr, 2012
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1 Lakh
FY 2022
- Net Loss-₹3.4 Lakh
FY 2022 · -340% margin
- EBITDA-₹4.4 Lakh
FY 2022 · -440% margin
- Total Equity Funding$1.18M (USD)
in 2 rounds
- Latest Funding Round$641.88K (USD), Series A
May 2015
- Employee Count1
Associated legal entities of mVikarsha
mVikarsha operates through Mvikarsha Mobile Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mvikarsha Mobile Solutions Private Limited CIN U72200KA2012PTC063411 | Active | 04 Apr 2012 | Bangalore, Karnataka | ₹0.0 Cr | 1 | 2 | View details |
Funding Insights of mVikarsha
mVikarsha has successfully raised a total of $1.18M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $641.88 thousand completed in May 2015. 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 $1.18M
- Total Rounds 2
- Last Round Series A — $641,879
- First Round $533,497
(Oct 2013)
All 2 funding rounds of mVikarsha 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 2015 | $641,879 | Series A | – | – | – |
| Oct 2013 | $533,497 | Seed | – | – | – |
Board of directors of Mvikarsha Mobile Solutions Private Limited (mVikarsha)
Mvikarsha Mobile Solutions Private Limited is the primary company behind mVikarsha. The board of Mvikarsha Mobile Solutions Private Limited currently have 2 directors; the longest-serving is Durai Rajasekar, appointed in 2012. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Durai Rajasekar DIN 01115850 | Director | 04 Apr 2012 | 14 yrs 6 mo | Mvikarsha Mobile Solutions Private Limited |
| Sharad Kumar Hegde DIN 00837866 | Director | 04 Apr 2012 | 14 yrs 6 mo | Mvikarsha Mobile Solutions Private Limited |
People of mVikarsha
2 people are tracked at mVikarsha (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
RG Jayakrishnan | Co-Founder, COO | Leadership |
| Co-Founder, CEO | Leadership |
Complete people profiles for mVikarsha
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 mVikarsha
Figures of Mvikarsha Mobile Solutions Private Limited, the primary company behind mVikarsha, for FY 2022. Revenue was ₹1 Lakh. Net loss was -₹3.4 Lakh (-340% margin). EBITDA was -₹4.4 Lakh (-440% margin). Revenue has grown at a compounded annual rate of -46% over five years.
- ₹1 LakhRevenue · FY 2022
- -₹3.4 LakhNet loss · -340% margin
- -₹4.4 LakhEBITDA · -440% margin
- ₹4.88 CrPaid-up capital
- 1Employees (provident fund records)
- -46%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mvikarsha Mobile Solutions Private Limited are on its company page.
Detailed financial statements for mVikarsha
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 mVikarsha
3 dated milestones of mVikarsha across 3 years, from founding to its latest funding, stage changes and deals.
- Founded mVikarsha is founded.
- Funding First funding round of $533K.
- Funding Latest funding round, Series A, of $642K.
Competitors of mVikarsha
mVikarsha has 3 listed competitors in our database, 2 of them funded. They include CSC Grameen eStore, StoreKing and MartConnect.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cscestore.in | 2020 | Delhi, India | $5.16M | 2,273 | Multi-category products are ordered and delivered digitally in rural areas. | |
| storeking.in | 2012 | Bengaluru, India | $50.84M | 114 | Online supermarket services are provided to small-town retailers. | |
| martconnect.com | 2015 | Visakhapatnam, India | Online retailer of electronics, TVs, and accessories with delivery services. |
Detailed competitors of mVikarsha
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.
Top companies in Rural Ecommerce
3 companies that operate in the same segment as mVikarsha (Rural Ecommerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Rural B2B e-commerce and logistics platform is operated. | 2014 | Pune, Maharashtra, India | USD 461.5 M | USD 583.27 M | 1,557 | |
Provider of fintech and agritech company to connect rural communities with urban businesses | 2012 | Hyderabad, Telangana, India | USD 6.56 M | USD 126.44 M | 24 | |
Provider of B2B procurement platform for grocery retailers | 2015 | Indore, Madhya Pradesh, India | USD 59.21 M | USD 54.87 M | 743 |
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Frequently Asked Questions about mVikarsha
mVikarsha was founded in 2012 and raised its 1st funding round 1 year after it was founded.
mVikarsha is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Durai Rajasekar is the CEO of mVikarsha, as recorded in our data. They have also founded this company.
mVikarsha is a funded company, having raised a total of $1.18M across 2 funding rounds to date. The company's 1st funding round was a Seed of $533.5K, raised on Oct 2013.
mVikarsha has 1 employees.
The primary company behind mVikarsha, Mvikarsha Mobile Solutions Private Limited, reported revenue of ₹1 Lakh for FY 2022.
mVikarsha, based in Bengaluru, focuses on operating online marketplaces, engaging in retail operations, assisted shopping, and rural markets. Delivers assisted e-commerce services tailored for small towns. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
mVikarsha's top competitors include StoreKing, CSC Grameen eStore and MartConnect.
mVikarsha operates through Mvikarsha Mobile Solutions Private Limited.
The legal entities of mVikarsha currently have 2 directors, including Durai Rajasekar, Sharad Kumar Hegde.