About Polimeraas
Polimeraas is a Retail company based in Hyderabad (India) founded in 2016, and was acquired by GSS Infotech in December 2021. Online retailing of fruits and vegetables is operated by Polimeraas. It operates in the Retail and Agriculture sectors. Polimeraas has raised $3.32 million across 1 funding round from investors including GSS Infotech. The company has 1 employees. Polimeraas was last valued at $35.9 million in February 2022. Its Indian entity Polimeraas Limited reported revenue of ₹22.04 Cr. Its focus areas include Food and Agriculture Tech, Crop Tech, ECommerce and Farm Produce. Its competitors include HyperPure, WayCool and Ninjacart; 3 of its 3 listed competitors have raised funding.
Company details
Polimeraas was established in 2016 in Hyderabad, India, as an online retailer in the grocery sector. A range of products including tomatoes, potatoes, onions, mushrooms, carrots, mangoes, bananas, papaya, watermelon, apples, dairy items, eggs, and bakery goods is offered through its platform. Home delivery and store pickup services are provided to customers across the region.
- Headquarters Hyderabad, India
- Employees 1
- Stage Acquired
- SectorsRetailAgriculture
- Email••••••••
- Phone•••• ••••
- Website polimeraas.shop
- Social LinkedIn Facebook
- Acquired by GSS Infotech (Dec 2021)
- Legal Name Polimeraas Limited
- Date of Incorporation 10 Jan, 2020
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹22.04 Cr
FY 2025 · -74% YoY
- Net Loss-₹59.6 Lakh
FY 2025 · -3% margin
- EBITDA₹16.8 Lakh
FY 2025 · 1% margin
- Total Equity Funding$3.32M (USD)
in 1 rounds
- Latest Funding Round$3.32M (USD), Series A
Feb 2022
- Investors
- Employee Count1
- Acquired byGSS Infotech
(Dec 2021)
Associated legal entities of Polimeraas
Polimeraas operates through Polimeraas 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 |
|---|---|---|---|---|---|---|---|
| Polimeraas Limited CIN U51909TG2020PLC138380 | Active | 10 Jan 2020 | Hyderabad, Telangana | ₹22.0 Cr | 3 | View details |
Funding Insights of Polimeraas
Polimeraas has successfully raised a total of $3.32M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.32 million completed in February 2022. 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 $3.32M
- Total Rounds 1
- Last Round Series A — $3.32M
- First Round $3.32M
(Feb 2022)
- Investors Count 1
All 1 funding rounds of Polimeraas 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 |
|---|---|---|---|---|---|
| Feb 2022 | $3.32M | Series A | $35.9M | GSS Infotech | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2022 | $35.9M | •••••••• |
Last known valuation $35.9M (Feb 2022). 1 investors in total: 1 institutional.
Investors in Polimeraas
Polimeraas has secured backing from 1 investor. Prominent investors backing the company include GSS Infotech.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IT services suite solutions are provided by GSS Infotech. | 1999 | gssinfotech.com | Hyderabad, India |
Investor details for Polimeraas
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Verified entity values are shown only after access is granted.
Board of directors of Polimeraas Limited (Polimeraas)
Polimeraas Limited is the primary company behind Polimeraas. The board of Polimeraas Limited currently have 3 directors; the longest-serving is Kethu Ramasubbareddy, appointed in 2020. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kethu Ramasubbareddy DIN 08522572 | Director | 19 Aug 2020 | 6 yrs 2 mo | Polimeraas Limited |
| Syed Abdul Khader DIN 10351346 | Director | 12 Oct 2023 | 3 yrs | Polimeraas Limited |
| Siva Nagendra Pothula DIN 10526029 | Director | 01 Feb 2024 | 2 yrs 8 mo | Polimeraas Limited |
Financials of Polimeraas
Figures of Polimeraas Limited, the primary company behind Polimeraas, for FY 2025. Revenue was ₹22.04 Cr (-74% year on year). Net loss was -₹59.6 Lakh (-3% margin). EBITDA was ₹16.8 Lakh (1% margin). Revenue has grown at a compounded annual rate of -51% over three years and -4% over five years.
- ₹22.04 CrRevenue · FY 2025 · -74% YoY
- -₹59.6 LakhNet loss · -3% margin
- ₹16.8 LakhEBITDA · 1% margin
- ₹10.99 CrPaid-up capital
- -51%Revenue CAGR, 3 years
- -4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Polimeraas Limited are on its company page.
Detailed financial statements for Polimeraas
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Polimeraas
4 dated milestones of Polimeraas across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Polimeraas is founded.
- Exit Acquired by GSS Infotech.
- Funding First funding round of $3.3M.
- Milestone Reaches Minicorn status.
Competitors of Polimeraas
Polimeraas has 3 listed competitors in our database, 3 of them funded. They include HyperPure, WayCool and Ninjacart.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hyperpure.com | 2015 | Delhi, India | $1.11M | 3,302 | Food industry ingredients are supplied via a B2B platform. | |
| waycool.in | 2015 | Chennai, India | $365.53M | 164 | Provider of food supply chain management and farming solutions. | |
| ninjacart.com | 2015 | Bengaluru, India | $507.77M | 1,103 | B2B platform offering vegetables and fruits |
Detailed competitors of Polimeraas
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Top companies in Food & Grocery Retail
3 companies that operate in the same segment as Polimeraas (Food & Grocery Retail) 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 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | 11,913 |
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Frequently Asked Questions about Polimeraas
Polimeraas was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Polimeraas is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Polimeraas is a funded company, having raised a total of $3.32M across 1 funding round to date. The company's 1st funding round was a Series A of $3.32M, raised on Feb 2022.
Polimeraas has 1 employees.
The primary company behind Polimeraas, Polimeraas Limited, reported revenue of ₹22.04 Cr for FY 2025, down 74% year on year.
Polimeraas was established in 2016 in Hyderabad, India, as an online retailer in the grocery sector. A range of products including tomatoes, potatoes, onions, mushrooms, carrots, mangoes, bananas, papaya, watermelon, apples, dairy items, eggs, and bakery goods is offered through its platform. Home delivery and store pickup services are provided to customers across the region.
Polimeraas has 1 investor. Key investors include GSS Infotech.
The valuation of Polimeraas is $35.9M as of Feb 2022.
Polimeraas operates through Polimeraas Limited.
Yes. Polimeraas was acquired by GSS Infotech in December 2021.
The legal entities of Polimeraas currently have 3 directors, including Kethu Ramasubbareddy, Siva Nagendra Pothula, Syed Abdul Khader.