About nStore
nStore is a Retail company based in Chennai (India) founded in 2017 by Lakshmi Narasimhan and Pradeep Sampath. Retail management solutions including inventory and payments are provided. nStore has raised $1.02 million across 6 funding rounds from investors including Opus Technologies, Deepa Mahesh and Pradeep Sampath. The company has 60 employees. nStore was last valued at $4.7 million in July 2024. Its chief executive, as recorded, is Pradeep Sampath. Its Indian entity Nstore Retech Private Limited reported revenue of ₹8.14 Cr. nStore offers products and services including nLincs, nPos, ONDC Integration, IRCTC E-Catering, and Conversational Commerce. Its focus areas include E-Commerce Enablers, Ecommerce Software Suite, Food and Agriculture Tech and Online Grocery.
Company details
nStore was founded in 2017 in Chennai, India, as a provider in the retail technology sector. Solutions for inventory management, digital payments, loyalty programs, CRM, supplier management, multi-channel selling, accounting, and analysis reports are offered. Operations are centered on supporting retail businesses with integrated tools for efficiency and data handling across the Indian market.
- Headquarters Chennai, India
- Employees 60
- Founders Lakshmi Narasimhan, Pradeep Sampath
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Website nstore.in
- Social LinkedIn Facebook
- Legal Name Nstore Retech Private Limited
- Date of Incorporation 10 Feb, 2017
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹8.14 Cr
FY 2025 · +33% YoY
- Net Loss-₹5.59 Cr
FY 2025 · -69% margin
- EBITDA-₹4.44 Cr
FY 2025 · -55% margin
- Total Equity Funding$1.02M (USD)
in 6 rounds
- Latest Funding Round$155.25K (USD), Angel Round
Jul 2024
- InvestorsOpus Technologies
& 11 more
- Employee Count60
Associated legal entities of nStore
nStore operates through Nstore Retech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nstore Retech Private Limited CIN U72900TN2017PTC114903 | Active | 10 Feb 2017 | Chennai, Tamil Nadu | ₹8.1 Cr | 60 | 6 | View details |
Products & Services of nStore
nStore offers a comprehensive portfolio of products and services, including nLincs, nPos, ONDC Integration, IRCTC E-Catering, and Conversational Commerce.
Connects businesses to digital networks for wider audience reach.
Manages sales and orders for streamlined business operations.
Enables access to e-commerce audiences and customer insights.
Facilitates food delivery for rail passengers through digital tools.
Handles seller registration and order updates via messaging.
Funding Insights of nStore
nStore has successfully raised a total of $1.02M across 6 strategic funding rounds. The most recent funding activity was a Angel Round of $155.25 thousand completed in July 2024. 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 $1.02M
- Total Rounds 6
- Last Round Angel Round — $155,247
- First Round $250,877
(Jun 2019)
- Investors Count 12
All 6 funding rounds of nStore 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 |
|---|---|---|---|---|---|
| Jul 2024 | $155,247 | Angel Round | $4.7M | Deepa Mahesh | |
| Jun 2023 | $30,280 | Seed | $4.57M | – | |
| Jun 2022 | $185,831 | Seed | $••••• | Grace Solutions | |
| Aug 2021 | $134,383 | Angel Round | $••••• | Chetan Naik, Anup Gulati | – |
| Apr 2020 | $264,982 | Seed | $••••• | Opus Technologies | |
| Jun 2019 | $250,877 | Seed | $••••• | Opus Technologies | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2024 | $4.7M | •••••••• |
| Jun 2023 | $4.57M | •••••••• |
| Jun 2022 | $••••• | •••••••• |
| Aug 2021 | $••••• | •••••••• |
| Apr 2020 | $••••• | •••••••• |
Full valuation and stage history of nStore
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 $4.7M (Jul 2024). 12 investors in total: 3 institutional and 9 angel.
Investors in nStore
nStore has secured backing from 12 investors, including angel and institutional investors. Prominent investors backing the company include Opus Technologies, Deepa Mahesh and Pradeep Sampath.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| gracesolutions.org | ||||
| suryaenterprises.net | ||||
Cross-border payments are processed via AI-enabled omnichannel networks. | 1997 | opustechglobal.com | Alpharetta, United States | |
DM Deepa Mahesh | unknown_9d1a50d328d7448e8 | |||
PS Pradeep Sampath | Angel investor and tech leader, ex-Amazon, focused on Indian startups | unknown_67f2276494c046c28 | ||
VR Vijayalakshmi R | unknown_c93f7d8bddc94c41a | |||
CN Chetan Naik | Co-founder of Scalenut, active angel investor in Indian startups | unknown_ff9e0a2c5de64b5ba | ||
AG Anup Gulati | unknown_6f33d4e8c8654547b | |||
SR S Ritu Dogra | unknown_9689bb95c3c247bb9 | |||
JJ Jayanthi Jayaraman | unknown_0b277bfa15fe46379 |
Investor details for nStore
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 Nstore Retech Private Limited (nStore)
Nstore Retech Private Limited is the primary company behind nStore. The board of Nstore Retech Private Limited currently have 5 directors; the longest-serving is Narasimhan Renukha, appointed in 2017. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Narasimhan Renukha DIN 07718268 | Whole-time director | 10 Feb 2017 | 9 yrs 8 mo | Nstore Retech Private Limited |
| Saranayaki Pradeep Kumar DIN 07718132 | Director | 10 Feb 2017 | 9 yrs 8 mo | Nstore Retech Private Limited |
| Srinivasan Sudharsan DIN 08014974 | Whole-time director | 02 Feb 2018 | 8 yrs 8 mo | Nstore Retech Private Limited |
| Pradeep Kumar Sampath DIN 08108762 | Whole-time director | 09 Apr 2018 | 8 yrs 6 mo | Nstore Retech Private Limited |
| Rangachari Lakshmi Narasimhan DIN 09744748 | Whole-time director | 23 Sep 2022 | 4 yrs 1 mo | Nstore Retech Private Limited |
People of nStore
11 people are tracked at nStore (7 in leadership, 4 in team); the tracked headcount is 60.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership | |
Puneet Gupta | Head - Enterprise Business | Leadership |
| CEO & Co-founder | Leadership | |
Santhosh H | Head Of Operations | Leadership |
Sud Srinivasan | Chief Digital Officer And Co-founder | Leadership |
Ajinkya Rasal | Vice President | Leadership |
Pratik Bhoir | Mobile Application Developer | Team |
Iti Thakur | Digital Marketing Executive | Team |
Neha Nigam | Strategic Alliances Manager || Nstore || ONDC | Team |
Manisekar Sugumaran | Technology Lead | Team |
Complete people profiles for nStore
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 nStore
Figures of Nstore Retech Private Limited, the primary company behind nStore, for FY 2025. Revenue was ₹8.14 Cr (+33% year on year). Net loss was -₹5.59 Cr (-69% margin). EBITDA was -₹4.44 Cr (-55% margin). Revenue has grown at a compounded annual rate of +129% over three years and +55% over five years.
- ₹8.14 CrRevenue · FY 2025 · +33% YoY
- -₹5.59 CrNet loss · -69% margin
- -₹4.44 CrEBITDA · -55% margin
- ₹53.1 LakhPaid-up capital
- 60Employees (provident fund records)
- +129%Revenue CAGR, 3 years
- +55%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nstore Retech Private Limited are on its company page.
Detailed financial statements for nStore
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 nStore
4 dated milestones of nStore across 7 years, from founding to its latest funding, stage changes and deals.
- Founded nStore is founded.
- Funding First funding round of $251K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $155K.
Web traffic of nStore
The website of nStore (nstore.in) receives about 3.4K visits a month.
- Monthly visits3.4K
▼ 21.4% vs previous month
Top companies in Autonomous & In-Store Retail Tech
3 companies that operate in the same segment as nStore (Autonomous & In-Store Retail Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based bookkeeping solutions are offered for small business management. | 2018 | Bengaluru, Karnataka, India | USD 186.62 M | USD 165.88 K | ||
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 | |
Platform powering online and in-store retail operations using AI-driven tools | 2012 | Mumbai, Maharashtra, India | USD 16.02 M | USD 43.86 M | 851 |
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Related news about Nstore
Complete news archive for nStore
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about nStore
nStore was founded in 2017 and raised its 1st funding round 2 years after it was founded.
nStore is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Pradeep Sampath is the CEO of nStore, as recorded in our data. They have also founded this company.
nStore is a funded company, having raised a total of $1.02M across 6 funding rounds to date. The company's 1st funding round was a Seed of $250.88K, raised on Jun 2019.
nStore has 60 employees.
The primary company behind nStore, Nstore Retech Private Limited, reported revenue of ₹8.14 Cr for FY 2025, up 33% year on year.
nStore was founded in 2017 in Chennai, India, as a provider in the retail technology sector. Solutions for inventory management, digital payments, loyalty programs, CRM, supplier management, multi-channel selling, accounting, and analysis reports are offered. Operations are centered on supporting retail businesses with integrated tools for efficiency and data handling across the Indian market.
nStore offers nLincs, nPos, ONDC Integration, IRCTC E-Catering, and Conversational Commerce.
nStore has 12 investors. Key investors include Opus Technologies, Deepa Mahesh, Pradeep Sampath, Grace Solutions, and Vijayalakshmi R.
The valuation of nStore is $4.7M as of Jul 2024.
nStore operates through Nstore Retech Private Limited.
The legal entities of nStore currently have 5 directors, including Srinivasan Sudharsan, Pradeep Kumar Sampath, Rangachari Lakshmi Narasimhan and others.