About Phygicart
Phygicart is a Retail company based in Dubai (United Arab Emirates) founded in 2016 by Anish k Joy. Multi-category products are sold via an online marketplace. Phygicart has raised $14.5 million across 1 funding round from investors including Boby Chemmanur. The company has 68 employees. Its Indian entity Phygicart E-Commerce Private Limited reported revenue of ₹99.29 Cr. Its focus areas include Horizontal E-Commerce and Marketplace. Its competitors include noon, Wadi and Yallamarket; 2 of its 3 listed competitors have raised funding.
Company details
Phygicart was founded in 2016 and is headquartered in Dubai, United Arab Emirates. An online marketplace is operated, featuring a diverse catalog that encompasses clothing, beauty products, electronics, home improvement items, healthcare goods, groceries, food products, and fashion accessories such as perfumes and watches. Transactions are facilitated across these sectors for consumers in the region.
- Headquarters Dubai, United Arab Emirates
- Employees 68
- Founders Anish k Joy
- SectorsRetail
- Email••••••••
- Website phygicart.com/site-under-maintenance.jpg
- Social LinkedIn X
- Legal Name Phygicart E-Commerce Private Limited
- Date of Incorporation 06 Jul, 2017
- Jurisdiction Thrissur, Kerala, India
- Indian entity revenue₹99.29 Cr
FY 2023 · -54% YoY
- Indian entity net profit₹3.63 Cr
FY 2023 · 4% margin
- Indian entity EBITDA₹4.75 Cr
FY 2023 · 5% margin
- Total Equity Funding$14.5M (USD)
in 1 rounds
- Latest Funding Round$14.5M (USD), Angel Round
Jul 2018
- Employee Count68
Associated legal entities of Phygicart
Phygicart operates through Phygicart E-Commerce Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Phygicart E-Commerce Private Limited CIN U52609KL2017PTC049681 | Active | 06 Jul 2017 | Thrissur, Kerala | ₹99.3 Cr | 68 | 2 | View details |
Funding Insights of Phygicart
Phygicart has successfully raised a total of $14.5M through 1 strategic funding round. The most recent funding activity was a Angel Round of $14.5 million completed in July 2018. 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 $14.5M
- Total Rounds 1
- Last Round Angel Round — $14.5M
- First Round $14.5M
(Jul 2018)
- Investors Count 1
All 1 funding rounds of Phygicart 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 2018 | $14.5M | Angel Round | – | Boby Chemmanur | – |
1 investors in total: 0 institutional and 1 angel.
Investors in Phygicart
Phygicart has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Boby Chemmanur.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
BC Boby Chemmanur | unknown_8219b4f66b7e46108 |
Investor details for Phygicart
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Board of directors of Phygicart E-Commerce Private Limited (Phygicart)
Phygicart E-Commerce Private Limited is the primary company behind Phygicart. The board of Phygicart E-Commerce Private Limited currently have 2 directors; the longest-serving is Thekkekara Francis Titto, appointed in 2022. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Thekkekara Francis Titto DIN 09146868 | Director | 23 Nov 2022 | 3 yrs 11 mo | Phygicart E-Commerce Private Limited |
| Kennedy Joseph DIN 09712586 | Director | 23 Nov 2022 | 3 yrs 11 mo | Phygicart E-Commerce Private Limited |
People of Phygicart
1 people are tracked at Phygicart (1 in leadership); the tracked headcount is 68.
| Name | Role | Group |
|---|---|---|
Anish k Joy | Co-Founder & COO | Leadership |
Complete people profiles for Phygicart
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Financials of Phygicart
Figures of Phygicart E-Commerce Private Limited, the primary company behind Phygicart, for FY 2023. Revenue was ₹99.29 Cr (-54% year on year). Net profit was ₹3.63 Cr (4% margin). EBITDA was ₹4.75 Cr (5% margin). Revenue has grown at a compounded annual rate of +94% over three years and +127% over five years.
- ₹99.29 CrRevenue · FY 2023 · -54% YoY
- ₹3.63 CrNet profit · 4% margin
- ₹4.75 CrEBITDA · 5% margin
- ₹6.28 CrPaid-up capital
- 68Employees (provident fund records)
- +94%Revenue CAGR, 3 years
- +127%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Phygicart E-Commerce Private Limited are on its company page.
Detailed financial statements for Phygicart
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Phygicart
2 dated milestones of Phygicart across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Phygicart is founded.
- Funding First funding round of $14.5M.
Competitors of Phygicart
Phygicart has 3 listed competitors in our database, 2 of them funded. They include noon, Wadi and Yallamarket.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| noon.com | 2016 | Dubai, United Arab Emirates | Multi-category consumer products are sold via an online marketplace platform. | |||
| wadi.com | 2015 | Dubai, United Arab Emirates | $97M | Online horizontal marketplace is operated for Middle Eastern countries. | ||
| yalla-market.com | 2021 | Dubai, United Arab Emirates | $10.5M | Multi-category grocery products are offered via an online platform. |
Detailed competitors of Phygicart
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Web traffic of Phygicart
The website of Phygicart (phygicart.com) receives about 2.3K visits a month.
- Monthly visits2.3K
▲ 17.4% vs previous month
Websites whose visitors overlap most with Phygicart. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
tradeling.com | tradeling.com | 100% | #137,118 | – | |
klickexim.com | klickexim.com | 90% | #9,253,017 | – |
Top companies in Marketplaces & General E-Commerce
2 companies that operate in the same segment as Phygicart (Marketplaces & General E-Commerce) in United Arab Emirates, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Rides and deliveries are facilitated via a mobile app platform. | 2012 | Dubai, Dubai, United Arab Emirates | USD 771.7 M | 6,360 | ||
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | 4,683 |
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Related news about Phygicart
Complete news archive for Phygicart
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Frequently Asked Questions about Phygicart
Phygicart was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Phygicart is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Phygicart is a funded company, having raised a total of $14.5M across 1 funding round to date. The company's 1st funding round was a Angel Round of $14.5M, raised on Jul 2018.
Phygicart has 68 employees.
The primary company behind Phygicart, Phygicart E-Commerce Private Limited, reported revenue of ₹99.29 Cr for FY 2023, down 54% year on year.
Phygicart was founded in 2016 and is headquartered in Dubai, United Arab Emirates. An online marketplace is operated, featuring a diverse catalog that encompasses clothing, beauty products, electronics, home improvement items, healthcare goods, groceries, food products, and fashion accessories such as perfumes and watches. Transactions are facilitated across these sectors for consumers in the region.
Phygicart's top competitors include noon, Wadi and Yallamarket.
Phygicart has 1 investor. Key investors include Boby Chemmanur.
Phygicart operates through Phygicart E-Commerce Private Limited.
The legal entities of Phygicart currently have 2 directors, including Thekkekara Francis Titto, Kennedy Joseph.