About Mydeals247
Mydeals247 was a Retail company based in Bengaluru (India) founded in 2011 by Venu G Somineni. A B2B marketplace for consumer products with dynamic bargaining options. It operates on a B2B model. The company has 1 employees. Its chief executive, as recorded, is Venu G Somineni. The company is recorded as dissolved. Its focus areas include E-commerce, Marketplaces, B2B Trading and Consumer Products. Its legal entity in India is Mydeals247 Ecommerce Private Limited (U72200KA2011PTC058988). Similar companies include IndiaMART, Udaan and Solv; 3 of its 3 listed similar companies have raised funding.
Company details
Mydeals247, established in 2011, excels in operating online marketplaces, marketplaces, b2b trading, and consumer products. A B2B marketplace for consumer products with dynamic bargaining options. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Bengaluru, India
- Employees 1
- Founders Venu G Somineni
- SectorsRetail
- Website mydeals247.com
- Social X Facebook
- Legal Name Mydeals247 Ecommerce Private Limited
- Date of Incorporation 06 Jun, 2011
- Jurisdiction Bangalore, Karnataka, India
- Net Loss-₹9.3 Lakh
FY 2018 · 0% margin
- EBITDA-₹3,000
FY 2018 · 0% margin
- Employee Count1
Associated legal entities of Mydeals247
Mydeals247 operates through Mydeals247 Ecommerce Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mydeals247 Ecommerce Private Limited CIN U72200KA2011PTC058988 | Active | 06 Jun 2011 | Bangalore, Karnataka | 2 | View details |
Board of directors of Mydeals247 Ecommerce Private Limited (Mydeals247)
Mydeals247 Ecommerce Private Limited is the primary company behind Mydeals247. The board of Mydeals247 Ecommerce Private Limited currently have 2 directors; the longest-serving is Someneni Ravi Kumar, appointed in 2011. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Someneni Ravi Kumar DIN 03523476 | Director | 06 Jun 2011 | 15 yrs 5 mo | Mydeals247 Ecommerce Private Limited |
| Somineni Venkata Ramanaiah DIN 09854078 | Director | 26 May 2023 | 3 yrs 5 mo | Mydeals247 Ecommerce Private Limited |
People of Mydeals247
1 people are tracked at Mydeals247 (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Venu G Somineni | Founder, CEO | Leadership |
Complete people profiles for Mydeals247
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Financials of Mydeals247
Figures of Mydeals247 Ecommerce Private Limited, the primary company behind Mydeals247, for FY 2018. Net loss was -₹9.3 Lakh (0% margin). EBITDA was -₹3,000 (0% margin). Revenue has grown at a compounded annual rate of -100% over three years.
- -₹9.3 LakhNet loss · 0% margin
- -₹3,000EBITDA · 0% margin
- ₹5 LakhPaid-up capital
- -100%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Mydeals247 Ecommerce Private Limited are on its company page.
Detailed financial statements for Mydeals247
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Similar companies to Mydeals247
Mydeals247 has 3 listed similar companies in our database, 3 of them funded. They include IndiaMART, Udaan and Solv.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| indiamart.com | 1999 | Noida, India | $37.24M | 3,623 | Online B2B marketplace connecting buyers and suppliers of diverse industrial products | |
| udaan.com | 2016 | Bengaluru, India | $2.7B | 1,791 | Online marketplace offering multi-category products | |
| solvezy.com | 2019 | Bengaluru, India | $40M | 412 | A B2B e-commerce platform is operated for MSMEs in India. |
Detailed similar companies of Mydeals247
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Top companies in B2B Marketplaces & Wholesale
2 companies that operate in the same segment as Mydeals247 (B2B Marketplaces & Wholesale) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online B2B marketplace connecting buyers and suppliers of diverse industrial products | 1999 | Noida, Uttar Pradesh, India | USD 38.2 M | USD 167.23 M | 6,222 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 783.57 M | USD 1.43 B | 2,645 |
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Frequently Asked Questions about Mydeals247
Mydeals247 was founded in 2011.
Mydeals247 is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Venu G Somineni is the CEO of Mydeals247, as recorded in our data. They have also founded this company.
Mydeals247 has 1 employees.
Mydeals247, established in 2011, excels in operating online marketplaces, marketplaces, b2b trading, and consumer products. A B2B marketplace for consumer products with dynamic bargaining options. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Mydeals247 operates through Mydeals247 Ecommerce Private Limited.
The legal entities of Mydeals247 currently have 2 directors, including Someneni Ravi Kumar, Somineni Venkata Ramanaiah.