About ofScale
ofScale is a company based in Bengaluru (India) founded in 2023 by Suvigna Shour and Tarun Kedia. ofScale has raised $375 thousand across 1 funding round from investors including Angel List, Anicut Capital and First Cheque. The company has 1 employees as of April 06, 2024. ofScale offers products and services including Smart Store Selection, In-Store Promotions, Distribution Service, and Retail Insights. ofScale operates in a competitive market with competitors including Takeoff, Huitongda, Darkstore, Leap and OneStock, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 06 Apr, 2024
- Founders Suvigna Shour, Tarun Kedia
- Stage Minicorn
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Sectors
RetailTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Kidxl Private Limited
- Date of Incorporation 13 Sep, 2021
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$22.56 K (USD)686.33as on Mar 31, 2023
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Net Profit
-$6.2 K (USD)-765.67as on Mar 31, 2023
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EBITDA
-$8.97 K (USD)-1169.28as on Mar 31, 2023
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Total Equity Funding
$375 K (USD)
in 1 rounds
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Latest Funding Round
$375 K (USD), Seed
Oct 17, 2023
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Investors
Angel List
& 10 more
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Employee Count
1
as on Apr 06, 2024
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Products & Services of ofScale
ofScale offers a comprehensive portfolio of products and services, including Smart Store Selection, In-Store Promotions, Distribution Service, and Retail Insights.
Algorithm-based service for suggesting optimal retail stores.
Handles product placement and visibility in selected stores.
Facilitates brand distribution through retail networks.
Provides analysis of consumer behavior and market trends.
Funding Insights of ofScale
ofScale has successfully raised a total of $375K through 1 strategic funding round. The most recent funding activity was a Seed round of $375 thousand completed in October 2023. 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 Total Funding
- Total Rounds 1
- Last Round Seed — $375,000
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First Round
First Round
(17 Oct 2023)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Seed - ofScale | Valuation | First Cheque , Angel List |
Investors in ofScale
ofScale has secured backing from 11 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Anicut Capital and First Cheque.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investment and support services for startups in technology and e-commerce sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments
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Founded Year | Domain | Location | |
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Early-stage investing and community support for startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ofScale
Financial Statements - ofScale
Ofscale Comparisons
Competitors of ofScale
ofScale 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 Takeoff, Huitongda, Darkstore, Leap and OneStock, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of logistics and fulfillment solutions for e-grocers
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| domain | founded_year | HQ Location |
Logistics services for online businesses are provided, enabling same-day deliveries.
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| domain | founded_year | HQ Location |
Outsourced fulfillment services are provided for digitally native brands.
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| domain | founded_year | HQ Location |
Omnichannel branding solutions are delivered for retail stores.
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| domain | founded_year | HQ Location |
Cloud-based tools for omnichannel retail management are offered.
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| domain | founded_year | HQ Location |
SaaS software for beauty salon and spa management is provided.
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Frequently Asked Questions about ofScale
ofScale was founded in 2023.
ofScale is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
ofScale is a funded company, having raised a total of $375K across 1 funding round to date. The company's 1st funding round was a Seed of $375K, raised on Oct 17, 2023.
As of Apr 06, 2024, the latest employee count at ofScale is 1.
Annual revenue of ofScale is $22.56K as on Mar 31, 2023.
Founded in 2023 in Bengaluru, India, ofScale operates as a distribution-as-a-service platform in the retail sector. Support is extended to brands in offline markets via data insights and an extensive retail store network. Services encompass in-store promotions, product placement oversight, distribution logistics, and analytics on consumer patterns, market dynamics, and competitor movements. Operations focus on bridging brands with retailers for enhanced market access.
ofScale offers Smart Store Selection, In-Store Promotions, Distribution Service, and Retail Insights.
ofScale has 11 investors. Key investors include Angel List, Anicut Capital, First Cheque, Relentless Ventures, and DeVC.
The valuation of ofScale is $1.88M as of Oct 2023.