About Overcart
Overcart is a company based in Delhi (India) founded in 2012 by Saptarshi Nath and Alexander Souter was acquired by ControlZ in June 2022. It operates as a B2C. Overcart has raised $3.65 million across 4 funding rounds from investors including JSW Group, ControlZ and Startup Equity Partners. The company has 118 employees as of March 31, 2018. Overcart operates in a competitive market with competitors including Cashify, 2GUD, Digi2L, Budli and ReFit Global, among others.
- Headquarter Delhi, India
- Employees 118 as on 31 Mar, 2018
- Founders Saptarshi Nath, Alexander Souter
- Stage Minicorn
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Exit10 Marketing Private Limited
- Date of Incorporation 13 Apr, 2012
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$1.22 M (USD)-52.42as on Mar 31, 2018
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Net Profit
$-975.5 K (USD)42.77as on Mar 31, 2018
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EBITDA
$-1.24 M (USD)29.89as on Mar 31, 2018
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Total Equity Funding
$3.65 M (USD)
in 4 rounds
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Latest Funding Round
$3 M (USD), Series A
Jan 29, 2016
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Investors
JSW Group
& 57 more
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Employee Count
118
as on Mar 31, 2018
- Acquired by
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Funding Insights of Overcart
Overcart has successfully raised a total of $3.65M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in January 2016. 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 4
- Last Round Series A — $3.0M
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First Round
First Round
(01 Oct 2012)
- Investors Count 56
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Series A - Overcart | Valuation | Omidyar Network India , Samir Shah | |
| Jun, 2014 | Amount | Seed - Overcart | Valuation | A & G , Jonathan Bill | |
| Sep, 2013 | Amount | Seed - Overcart | Valuation | GrowthStory |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Overcart
Overcart has secured backing from 58 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include JSW Group, ControlZ and Startup Equity Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are made in digital society, education, and employability sectors.
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Founded Year | Domain | Location | |
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Early-stage tech-focused Corporate VC firm funding companies in India
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Founded Year | Domain | Location | |
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Early-stage venture capital firm investing in India
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Overcart
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Overcart
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Overcart Comparisons
Competitors of Overcart
Overcart 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 Cashify, 2GUD, Digi2L, Budli and ReFit Global, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Refurbished and new gadgets are offered through an online marketplace.
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| domain | founded_year | HQ Location |
App-based platform for purchasing refurbished products.
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| domain | founded_year | HQ Location |
Appliance exchange services are offered for electronics and home devices.
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| domain | founded_year | HQ Location |
Refurbished electronics are bought and sold through a recommerce platform.
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| domain | founded_year | HQ Location |
Refurbished consumer electronics are sold via an online platform.
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| domain | founded_year | HQ Location |
Operates a digital hub for selling pre-owned and refurbished electronic products.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Overcart
Frequently Asked Questions about Overcart
When was Overcart founded?
Overcart was founded in 2012.
Where is Overcart located?
Overcart is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Is Overcart a funded company?
Overcart is a funded company, having raised a total of $3.65M across 4 funding rounds to date. The company's 1st funding round was a Seed of $175.89K, raised on Oct 01, 2012.
How many employees does Overcart have?
As of Mar 31, 2018, the latest employee count at Overcart is 118.
What is the annual revenue of Overcart?
Annual revenue of Overcart is $1.22M as on Mar 31, 2018.
What does Overcart do?
Overcart, based in Delhi, focuses on engaging in retail operations, operating online marketplaces, electronics, and second-hand and overstock. Operates as a marketplace for overstock, unboxed, and pre-owned electronics. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Overcart?
Who are Overcart's investors?
Overcart has 58 investors. Key investors include JSW Group, ControlZ, Startup Equity Partners, Snow Leopard Ventures, and Preloved Device.
What is Overcart's valuation?
The valuation of Overcart is $9.5M as of Jan 2016.