Net Avenue Technologies

Chennai, India Founded: 1998 • Age: 28 yrs Listed
Ethnic Indian clothing and jewelry are retailed online.

About Net Avenue Technologies

Net Avenue Technologies is a publicly listed company based in Chennai (India) founded in 1998 by Rajesh Nahar and Ritesh Katariya. Ethnic Indian clothing and jewelry are retailed online. The company has 86 employees. Net Avenue Technologies was last valued at $16.58 million in June 2015. Its Indian entity Net Avenue Technologies Limited reported revenue of β‚Ή26.60 Cr. Net Avenue Technologies offers products and services including Cbazaar and Ethnovog. Its focus areas include Consumer Goods, Apparel Brands, Ethnic Wear and Men & Women. Its competitors include Aza Fashions, Fabindia and Indya; 1 of its 3 listed competitors has raised funding.

Company details

The company was founded in 1998 in Chennai, India, and operates as an e-tailer in the fashion sector, focusing on ethnic Indian clothing and jewelry through online platforms. Gifting solutions are offered, alongside diversification into designer clothes and jewelry. Global reach for Indian fashion is targeted, while a culture of respect and an open-door policy among employees is maintained.

  • Headquarters Chennai, India
  • Employees 86
  • Founders Rajesh Nahar, Ritesh Katariya
  • Stage Public
  • Sectors
    Retail
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website natl.in
  • Legal Name Net Avenue Technologies Ltd.
Key Metrics
  • Market Cap
    ₹10.73 Cr

    CBAZAAR-SM · NSE

  • Share Price
    ₹5.00

    0.00% today

  • Revenue
    ₹25.08 Cr

    FY 2025-26 · -7.5% YoY

  • EBITDA
    −₹3.50 Cr

    Margin -14.0%

  • Net Profit
    −₹1.85 Cr

    FY 2025-26 · +55.5% YoY

  • Latest Funding Round
    $2.03M (USD), Unspecified

    Jun 2015

  • Investors
  • Employee Count
    86

Products & Services of Net Avenue Technologies

Net Avenue Technologies offers a comprehensive portfolio of products and services, including Cbazaar and Ethnovog.

Cbazaar
Ecommerce Platform

Online service for ethnic Indian clothing and gifting purchases.

Ethnovog
Ecommerce Platform

Platform offering Indian designer clothes and jewellery options.

Funding Insights of Net Avenue Technologies

  • Total Rounds 4
  • Last Round Unspecified β€” $2.03M
  • First Round $3.31M

    (Apr 2012)

  • Investors Count 4

All 4 funding rounds of Net Avenue Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jun 2015$2.03MUnspecified$16.58MAthera, Ojas Venture Partners
–
Dec 2014$271,232Unspecified$14.66MOjas Venture Partners
–
Nov 2014$1.77MUnspecified$β€’β€’β€’β€’β€’Athera
Apr 2012$3.31MUnspecified$β€’β€’β€’β€’β€’Athera, Ojas Venture Partners
–
Valuation history
DateValuationStage
Jun 2015$16.58Mβ€’β€’β€’β€’β€’β€’β€’β€’
Dec 2014$14.66Mβ€’β€’β€’β€’β€’β€’β€’β€’
Nov 2014$β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’
Apr 2012$β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’
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Full valuation and stage history of Net Avenue Technologies

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Last known valuation $16.58M (Jun 2015). 4 investors in total: 4 institutional.

Investors in Net Avenue Technologies

Net Avenue Technologies has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Athera Venture Partners, Ojas Venture Partners and Forum Synergies.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Early-stage venture capital investments are provided by Athera.
2008atheravp.comBengaluru, India
Early stage venture capital firm investing in India and US
2007ojasventures.comBengaluru, India
Private equity investments in India are handled by Forum Synergies.
forumsynergies.comBengaluru, India
Venture capital funding is provided to startups in India.
Bengaluru, India
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Investor details for Net Avenue Technologies

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Board of directors of Net Avenue Technologies Limited (Net Avenue Technologies)

Net Avenue Technologies Limited is the primary company behind Net Avenue Technologies. The board of Net Avenue Technologies Limited currently have 5 directors; the longest-serving is Rajesh Nahar, appointed in 2001. 8 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rajesh Nahar
DIN 01015059
Managing Director07 Jun 200125 yrs 5 moNet Avenue Technologies Limited
Ritesh Katariya
DIN 01019455
Whole-time director07 Jun 200125 yrs 5 moNet Avenue Technologies Limited
Khivraj Naresh Kumar
DIN 07026135
Director07 Nov 201412 yrsNet Avenue Technologies Limited
Murali Rajagopalachari
DIN 00759040
Director26 Sep 20233 yrs 1 moNet Avenue Technologies Limited
Riya Jain
DIN 10309330
Director26 Sep 20233 yrs 1 moNet Avenue Technologies Limited

People of Net Avenue Technologies

2 people are tracked at Net Avenue Technologies (2 in leadership); the tracked headcount is 86.

NameRoleGroup
Co-FounderLeadership
Co-FounderLeadership
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IPO & Listings of Net Avenue Technologies

Net Avenue Technologies is a publicly listed company on the NSE with ticker symbol CBAZAAR in India, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date08 Dec 2023
  • Listed onNSE: CBAZAAR
  • Listed entityNet Avenue Technologies Ltd.
  • Exchange sectorRetail trade
  • ISININE518X01015
  • Share price₹5.05 · 2026-10-12
  • Market capitalisation₹10.8 Cr
  • EPS (diluted, trailing year)₹-0.94
  • Volume (last session)8,000

Financials of Net Avenue Technologies

Exchange-reported figures of Net Avenue Technologies Limited, the listed company behind Net Avenue Technologies (NSE: CBAZAAR-SM).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹25.08 Cr
-7.5% YoY
EBITDA
−₹3.50 Cr
+24.1% YoY
Profit After Tax
−₹1.85 Cr
+55.5% YoY
Net Worth
₹3.97 Cr
-35.8% YoY
Total Assets
₹5.00 Cr
-31.1% YoY
Total Debt
₹0.55 Cr
-21.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue25.0827.1126.7133.4431.2313.80
Revenue growth-7.5%+1.5%-20.1%+7.1%+126.3%-
EBITDA(3.50)(4.61)(2.01)(0.11)2.10(0.19)
EBITDA margin-14.0%-17.0%-7.5%-0.3%+6.7%-1.4%
Profit before tax(2.04)(4.16)(1.58)1.772.71(0.02)
Net profit(1.85)(4.16)(2.09)1.772.610.24
Net profit margin-7.4%-15.3%-7.8%+5.3%+8.4%+1.7%
EPS (β‚Ή)(0.95)(1.94)(0.74)14.830.000.00
Balance sheet
Total assets5.007.2612.225.261.620.09
Net worth3.976.1810.452.140.42(2.29)
Total debt0.550.701.382.770.841.91
Cash & bank3.823.963.212.073.281.38
Net working capital0.522.365.153.46(0.13)(1.50)
Cash flow
Cash from operations(0.33)(0.25)(4.00)(0.76)3.17(0.70)
Cash from investing(0.12)1.45(5.58)(0.48)(0.17)0.03
Cash from financing(0.15)(0.74)10.23(0.07)(1.11)1.33
ParticularsSep 2024Sep 2023Jun 2023
Revenue6.595.747.60
Revenue growth (YoY)+14.8%--
Other income(0.08)0.320.75
EBITDA(3.06)(0.54)0.27
EBITDA margin-46.4%-9.4%+3.6%
Depreciation0.010.030.03
Interest(0.01)0.050.05
Profit before tax(3.14)(0.30)0.94
Tax0.010.000.00
Net profit(3.15)(0.30)0.94
EPS (β‚Ή)0.000.004.25
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue20.7127.1126.7133.4431.2313.8019.80
Revenue growth-23.6%+1.5%-20.1%+7.1%+126.3%-30.3%-
EBITDA(3.01)(3.08)(0.89)(0.73)2.57(0.11)0.41
EBITDA margin-14.5%-11.4%-3.3%-2.2%+8.2%-0.8%+2.1%
Profit before tax(1.51)(3.45)(1.72)1.872.850.000.41
Net profit(1.33)(3.45)(1.72)1.872.850.000.41
Net profit margin-6.4%-12.7%-6.4%+5.6%+9.1%0.0%+2.1%
EPS (β‚Ή)(0.71)(1.61)(0.81)15.6123.72(0.03)3.31
Balance sheet
Total assets5.937.6811.935.121.17(0.60)(2.11)
Net worth4.906.6010.161.99(0.03)(2.97)(3.07)
Total debt0.550.701.382.770.841.910.51
Cash & bank3.533.402.671.842.671.120.54
Net working capital1.452.794.873.33(0.32)(1.91)(3.45)
Cash flow
Cash from operations(0.03)(0.26)(2.03)(0.53)1.70(0.78)0.03
Cash from investing(0.15)1.57(5.58)(0.34)(0.77)(0.50)(0.06)
Cash from financing(0.16)(0.74)7.96(0.07)(0.04)1.33(0.01)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsSep 2024Sep 2023Jun 2023
Revenue6.595.747.60
Revenue growth (YoY)+14.8%--
Other income(0.08)0.320.75
EBITDA(3.06)(0.54)0.27
EBITDA margin-46.4%-9.4%+3.6%
Depreciation0.010.030.03
Interest(0.01)0.050.05
Profit before tax(3.14)(0.30)0.94
Tax0.010.000.00
Net profit(3.15)(0.30)0.94
EPS (β‚Ή)0.000.004.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue25.0827.1126.7133.4431.2313.80
Revenue growth-7.5%+1.5%-20.1%+7.1%+126.3%-
Other income1.520.630.782.891.530.68
Total expenses28.5831.7228.7233.5529.1313.99
Employee cost0.003.064.084.874.092.86
EBITDA(3.50)(4.61)(2.01)(0.11)2.10(0.19)
EBITDA margin-14.0%-17.0%-7.5%-0.3%+6.7%-1.4%
Depreciation0.060.100.140.170.100.04
Interest0.000.080.210.840.820.47
Profit before tax(2.04)(4.16)(1.58)1.772.71(0.02)
Tax0.000.000.000.000.10(0.26)
Net profit(1.85)(4.16)(2.09)1.772.610.24
Net profit margin-7.4%-15.3%-7.8%+5.3%+8.4%+1.7%
EPS (β‚Ή)(0.95)(1.94)(0.74)14.830.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital2.142.142.140.220.220.22
Reserves & surplus1.834.048.311.920.20(2.51)
Shareholders' funds (net worth)3.976.1810.452.140.42(2.29)
Minority interest0.000.000.000.000.000.00
Secured loans0.000.150.001.510.000.72
Unsecured loans0.550.551.381.260.841.19
Total debt0.550.701.382.770.841.91
Total liabilities5.007.2612.225.261.620.09
Assets
Gross block2.912.872.862.812.482.26
Net block0.250.270.360.440.280.16
Capital work in progress0.000.000.000.000.000.00
Investments3.743.735.230.000.000.00
Inventories3.345.485.518.288.463.76
Sundry debtors0.110.320.371.280.580.71
Cash & bank balances3.823.963.212.073.281.38
Loans & advances1.581.343.112.241.661.33
Total current assets8.8511.1012.2013.8713.987.18
Total current liabilities8.338.747.0510.4114.118.68
Net working capital0.522.365.153.46(0.13)(1.50)
Total assets5.007.2612.225.261.620.09
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash1.521.060.291.611.380.73
Net cash from operating activities(0.33)(0.25)(4.00)(0.76)3.17(0.70)
Net cash from investing activities(0.12)1.45(5.58)(0.48)(0.17)0.03
Net cash from financing activities(0.15)(0.74)10.23(0.07)(1.11)1.33
Net change in cash(0.61)0.460.65(1.32)1.900.66
Closing cash3.823.963.212.073.281.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth-7.5%+1.5%-20.1%+7.1%+126.3%-
EBITDA growth+24.1%-129.4%-1727.3%-105.2%+1205.3%-
PBT growth+51.0%-163.3%--34.7%+9998.0%+9997.0%
Net income growth+55.5%-99.0%-218.1%-32.2%+987.5%-
Revenue CAGR (3Y)-9.1%-4.6%+24.6%---
EBITDA CAGR (3Y)+216.9%-+119.5%---
Profitability & leverage
Net income margin-8.1%-15.3%-5.9%+5.3%+8.4%+1.7%
Return on capital employed-0.0%0.0%+5.5%+7.5%+0.9%
Return on net worth-0.0%0.0%+3.9%+5.8%+0.5%
Debt / equity-0.120.331.410.000.00
Long-term debt / equity-0.000.000.000.000.00
Interest cover0.00-1.70-9.77-300.0041.00-204.35
Efficiency & per share
Fixed asset turnover-9.469.4212.6413.186.11
Inventory turnover-6.453.874.005.113.67
Debtors turnover-78.5832.3835.9648.4219.44
EPS (β‚Ή)(0.95)(1.94)(0.74)14.830.000.00
Dividend per share (β‚Ή)0.000.000.000.000.000.00
Book value per share (β‚Ή)0.002.894.8816.980.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue20.7127.1126.7133.4431.2313.8019.80
Revenue growth-23.6%+1.5%-20.1%+7.1%+126.3%-30.3%-
Other income1.560.630.272.861.480.710.79
Total expenses23.7230.1927.6034.1728.6613.9119.39
Employee cost0.003.064.084.874.092.864.25
EBITDA(3.01)(3.08)(0.89)(0.73)2.57(0.11)0.41
EBITDA margin-14.5%-11.4%-3.3%-2.2%+8.2%-0.8%+2.1%
Depreciation0.060.100.140.170.100.040.07
Interest0.000.900.960.091.100.560.72
Profit before tax(1.51)(3.45)(1.72)1.872.850.000.41
Tax0.000.000.000.000.000.000.00
Net profit(1.33)(3.45)(1.72)1.872.850.000.41
Net profit margin-6.4%-12.7%-6.4%+5.6%+9.1%0.0%+2.1%
EPS (β‚Ή)(0.71)(1.61)(0.81)15.6123.72(0.03)3.31
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital2.142.142.140.220.220.220.22
Reserves & surplus2.764.468.021.77(0.25)(3.19)(3.29)
Shareholders' funds (net worth)4.906.6010.161.99(0.03)(2.97)(3.07)
Secured loans0.000.150.001.510.000.720.05
Unsecured loans0.550.551.381.260.841.190.46
Total debt0.550.701.382.770.841.910.51
Total liabilities5.937.6811.935.121.17(0.60)(2.11)
Assets
Gross block2.912.872.862.812.482.262.25
Net block0.250.270.350.440.280.160.19
Capital work in progress0.000.000.000.000.000.000.00
Investments3.743.735.220.000.000.000.00
Inventories3.345.485.848.288.463.763.36
Sundry debtors1.030.320.371.280.570.711.71
Cash & bank balances3.533.402.671.842.671.120.54
Loans & advances3.593.254.7811.1617.5728.0225.81
Total current assets11.4912.4513.6622.5629.2733.6131.42
Total current liabilities10.049.668.7919.2329.5935.5234.87
Net working capital1.452.794.873.33(0.32)(1.91)(3.45)
Total assets5.937.6811.935.121.17(0.60)(2.11)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.970.400.061.000.110.050.09
Net cash from operating activities(0.03)(0.26)(2.03)(0.53)1.70(0.78)0.03
Net cash from investing activities(0.15)1.57(5.58)(0.34)(0.77)(0.50)(0.06)
Net cash from financing activities(0.16)(0.74)7.96(0.07)(0.04)1.33(0.01)
Net change in cash(0.34)0.570.34(0.94)0.890.06(0.04)
Closing cash3.533.402.671.842.671.120.54
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-23.6%+1.5%-20.1%+7.1%+126.3%-30.3%-
EBITDA growth+2.3%-246.1%-21.9%-128.4%+2436.4%-126.8%-
PBT growth+56.2%-100.6%--34.4%+9997.0%+9997.0%+9997.0%
Net income growth+61.5%-100.6%-192.0%-34.4%--100.0%-
Revenue CAGR (3Y)-14.8%-4.6%+24.6%+19.1%---
EBITDA CAGR (3Y)+60.4%-+100.8%----
Profitability & leverage
Net income margin-7.3%-12.7%-6.4%+5.6%+9.1%0.0%+2.1%
Return on capital employed-0.0%0.0%+4.1%+17.3%+2.5%+2.4%
Return on net worth-0.0%0.0%+4.2%+13.6%0.0%+0.9%
Debt / equity-0.120.341.840.000.000.00
Long-term debt / equity-0.000.000.000.000.000.00
Interest cover0.00-28.30-93.20-10.0044.53-373.33211.76
Efficiency & per share
Fixed asset turnover-9.469.4212.6413.186.128.80
Inventory turnover-6.113.784.005.113.885.89
Debtors turnover-78.5832.3836.1548.8011.4011.58
EPS (β‚Ή)(0.71)(1.61)(0.81)15.6123.72(0.03)3.31
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)0.003.084.7415.75(1.07)(25.58)(26.45)

Timeline of Net Avenue Technologies

5 dated milestones of Net Avenue Technologies across 25 years, from founding to its latest funding, stage changes and deals.

  1. Founded Net Avenue Technologies is founded.
  2. Funding First funding round of $3.3M.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Unspecified, of $2.0M.
  5. IPO Lists on the stock exchange (IPO).

Competitors of Net Avenue Technologies

Net Avenue Technologies has 3 listed competitors in our database, 1 of them funded. They include Aza Fashions, Fabindia and Indya.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
azafashions.com2005Mumbai, India$17.55M214
Retail chain for luxury and designer apparel and accessories
fabindia.com1960Delhi, India1,522
Internet first brand of ethnic wear, home furniture, and home decor products
houseofindya.com2016Noida, India152
Multi channel fashion brand offering a range of traditional and contemporary ethnic wear
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Web traffic of Net Avenue Technologies

The website of Net Avenue Technologies (natl.in) receives about 3.1K visits a month.

  • Monthly visits
    3.1K

    ▲ 127.3% vs previous month

Top companies in Fashion & Lifestyle E-Commerce

3 companies that operate in the same segment as Net Avenue Technologies (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Eyewear is offered online for men, women, and kids.
2010Gurugram, Haryana, IndiaUSD 1.04 BUSD 939.4 M18,984
Fashion and lifestyle products are offered via an online marketplace.
2007Bengaluru, Karnataka, IndiaUSD 123.71 MUSD 639.15 M1,031
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed.
2019Bengaluru, Karnataka, IndiaUSD 144.58 MUSD 32.66 M711
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Frequently Asked Questions about Net Avenue Technologies

Net Avenue Technologies was founded in 1998 and raised its 1st funding round 14 years after it was founded.

Net Avenue Technologies is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.

Net Avenue Technologies has 86 employees.

The primary company behind Net Avenue Technologies, Net Avenue Technologies Limited, reported revenue of β‚Ή26.60 Cr for FY 2026, down 7% year on year.

The company was founded in 1998 in Chennai, India, and operates as an e-tailer in the fashion sector, focusing on ethnic Indian clothing and jewelry through online platforms. Gifting solutions are offered, alongside diversification into designer clothes and jewelry. Global reach for Indian fashion is targeted, while a culture of respect and an open-door policy among employees is maintained.

Net Avenue Technologies's top competitors include Fabindia, Aza Fashions and Indya.

Net Avenue Technologies offers Cbazaar and Ethnovog.

Yes, Net Avenue Technologies is publicly traded on NSE under the ticker symbol CBAZAAR.

Net Avenue Technologies has 4 investors. Key investors include Athera Venture Partners, Ojas Venture Partners, Forum Synergies, and Chayadeep Ventures.

The valuation of Net Avenue Technologies is $16.58M as of Jun 2015.

Net Avenue Technologies operates through Net Avenue Technologies Limited.

The legal entities of Net Avenue Technologies currently have 7 directors, including Khivraj Naresh Kumar, Rajesh Nahar, Ritesh Katariya and others.

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