About PARSEL
PARSEL is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2012 by Rakesh KS. Cloud platform managing inventory, warehouse, dispatch, and delivery for businesses. It operates on a SaaS and B2B model. PARSEL has raised $2.52 million across 5 funding rounds from investors including Maitreya Capital, Hetal Munjani and Rakhi S Ramani. PARSEL was last valued at $4.1 million in December 2020. PARSEL offers products and services including Fleet Management, Vehicle Tracking, and Route Optimization. Its focus areas include Transportation, Fleet Management, Vehicle Optimization and Route Planning. Its legal entity in India is Parsel Exchange Private Limited (U74110MH2012PTC237106).
Company details
Parsel is a scalable, secure cloud platform that handles the full SKU lifecycle, including inventory, warehouse, dispatch, and delivery. It offers features like fleet management, real-time vehicle tracking, route optimization, and data-driven tools to enhance efficiencies. Based in Mumbai, India, it serves diverse sectors through easy integration and deployment, helping businesses reduce costs and improve operations.
- Headquarters Mumbai, India
- Founders Rakesh KS
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Website parselexchange.com
- Legal Name Parsel Exchange Private Limited
- Date of Incorporation 22 Oct, 2012
- Jurisdiction Mumbai, Maharashtra, India
- Net Loss-₹26,718
FY 2025 · -3826% margin
- EBITDA-₹25,646
FY 2025 · -3673% margin
- Total Equity Funding$2.52M (USD)
in 5 rounds
- Latest Funding Round$524.16K (USD), Seed
Dec 2020
- InvestorsMaitreya Capital
& 40 more
Associated legal entities of PARSEL
PARSEL is associated with 3 registered companies on The Company Check; the primary company is Parsel Exchange Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Parsel Exchange Private Limited CIN U74110MH2012PTC237106 | Active | 22 Oct 2012 | Mumbai, Maharashtra | ₹0.0 Cr | 2 | View details | |
| Patch Software Private Limited CIN U72900RJ2013PTC043961 | Strike Off | 28 Sep 2013 | Jaipur, Rajasthan | ₹56.1 Cr | 3 | View details | |
| Dropbase Software Private Limited CIN U72900RJ2014PTC046095 | Strike Off | 19 Aug 2014 | Jaipur, Rajasthan | ₹17.7 Cr | 4 | View details |
Products & Services of PARSEL
PARSEL offers a comprehensive portfolio of products and services, including Fleet Management, Vehicle Tracking, and Route Optimization.
Centralized solution for monitoring and maintaining vehicle fleets.
Real-time location and performance tracking for vehicles.
Automated system for efficient dispatch and vehicle utilization.
Funding Insights of PARSEL
PARSEL has successfully raised a total of $2.52M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $524.16 thousand completed in December 2020. 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 $2.52M
- Total Rounds 5
- Last Round Seed — $524,157
- Investors Count 41
All 5 funding rounds of PARSEL 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 |
|---|---|---|---|---|---|
| Dec 2020 | $524,157 | Seed | $4.1M | Maitreya Capital | |
| Jan 2016 | $1M | Seed | – | Mayur Desai | |
| Sep 2015 | $1M | Angel Round | – | Nimir Mehta | |
| Oct 2013 | Angel Round | – | Shailesh Haribhakti | – | |
| Mar 2013 | Angel Round | – | Vimal Jain |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2020 | $4.1M | •••••••• |
Last known valuation $4.1M (Dec 2020). 41 investors in total: 2 institutional and 39 angel.
Investors in PARSEL
PARSEL has secured backing from 41 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Maitreya Capital, Hetal Munjani and Rakhi S Ramani.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed-stage investments are targeted by Chemex Goods venture capital firm. | chemexgoods.tcc.mode | Kolkata, India | ||
NBFC providing SME loans | 2015 | maitreyacapital.in | Mumbai, India | |
HM Hetal Munjani | unknown_cb5a3591ea9747f49 | |||
RS Rakhi S Ramani | unknown_6071d949ac634a569 | |||
RD Riya Doshi | unknown_b6e4623a59ac45d49 | |||
YD Yash Doshi | unknown_9c31f172b6074a109 | |||
DB Devang Bhayani | unknown_8a0bad21eb7c4e409 | |||
YN Yogesh Naik | unknown_85888dfe3da047e4a | |||
YN Yatin Naik | unknown_a1787e20c63a41cd8 | |||
SS Siddhart Shah | unknown_4aaff31f4dc948adb |
Investor details for PARSEL
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 Parsel Exchange Private Limited (PARSEL)
Parsel Exchange Private Limited is the primary company behind PARSEL. The boards of the 3 registered companies of PARSEL currently have 6 directors; the longest-serving is Himanshu Meena, appointed in 2014. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Himanshu Meena DIN 05165218 | Director | 19 Aug 2014 | 12 yrs 2 mo | Dropbase Software Private Limited, Patch Software Private Limited |
| Akhil Sharma DIN 06700248 | Director | 19 Aug 2014 | 12 yrs 2 mo | Dropbase Software Private Limited, Patch Software Private Limited |
| Rakesh Soorianathan Kanni DIN 05165204 | Director | 05 Apr 2017 | 9 yrs 6 mo | Dropbase Software Private Limited, Patch Software Private Limited |
| Viral Vinod Chitalia DIN 02174156 | Director | 19 Apr 2018 | 8 yrs 6 mo | Parsel Exchange Private Limited |
| Pankaj Laxmichand Savla DIN 05195032 | Director | 19 Apr 2018 | 8 yrs 6 mo | Parsel Exchange Private Limited |
| Deepak Kumar Chopra DIN 02477723 | Additional Director | 18 May 2019 | 7 yrs 5 mo | Dropbase Software Private Limited |
People of PARSEL
1 people are tracked at PARSEL (1 in leadership).
| Name | Role | Group |
|---|---|---|
Rakesh KS | Co-Founder, COO | Leadership |
Complete people profiles for PARSEL
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 PARSEL
Figures of Parsel Exchange Private Limited, the primary company behind PARSEL, for FY 2025. Net loss was -₹26,718 (-3826% margin). EBITDA was -₹25,646 (-3673% margin). Revenue has grown at a compounded annual rate of -65% over three years and -74% over five years.
- -₹26,718Net loss · -3826% margin
- -₹25,646EBITDA · -3673% margin
- ₹10.7 LakhPaid-up capital
- -65%Revenue CAGR, 3 years
- -74%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Parsel Exchange Private Limited are on its company page.
Detailed financial statements for PARSEL
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 PARSEL
4 dated milestones of PARSEL across 8 years, from founding to its latest funding, stage changes and deals.
- Founded PARSEL is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $524K.
- Milestone Reaches Minicorn status.
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as PARSEL (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Frequently Asked Questions about PARSEL
PARSEL was founded in 2012 and raised its 1st funding round 1 year after it was founded.
PARSEL is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
PARSEL is a funded company, having raised a total of $2.52M across 5 funding rounds to date.
Annual revenue of PARSEL is $201.67 as on Mar 31, 2022.
Parsel is a scalable, secure cloud platform that handles the full SKU lifecycle, including inventory, warehouse, dispatch, and delivery. It offers features like fleet management, real-time vehicle tracking, route optimization, and data-driven tools to enhance efficiencies. Based in Mumbai, India, it serves diverse sectors through easy integration and deployment, helping businesses reduce costs and improve operations.
PARSEL offers Fleet Management, Vehicle Tracking, and Route Optimization.
PARSEL has 41 investors. Key investors include Maitreya Capital, Hetal Munjani, Rakhi S Ramani, Riya Doshi, and Yash Doshi.
The valuation of PARSEL is $4.1M as of Dec 2020.
PARSEL is associated with 3 legal entities: Parsel Exchange Private Limited, Dropbase Software Private Limited, Patch Software Private Limited.
The legal entities of PARSEL currently have 6 directors, including Viral Vinod Chitalia, Pankaj Laxmichand Savla, Rakesh Soorianathan Kanni and others.