About Pretr
Pretr is a Retail company based in Mumbai (India) founded in 2016 by Ankur Kaushik Joshi and Hemant Ramniklal Jhaveri, and was acquired by Myntra in August 2018. Discovery, reservation, and ordering from local stores are facilitated online. Pretr has raised $109.62 thousand across 1 funding round from investors including Myntra, IMAGES Group and Amitabh Taneja. The company has 18 employees. Pretr was last valued at $1.55 million in December 2016. Its Indian entity Pretr Online Services Private Limited reported revenue of ₹22 Lakh. The company was acqui-hired. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Multi Category. Its competitors include Little Black Book, Zakoopi and Hashstar; 2 of its 3 listed competitors have raised funding.
Company details
Pretr was founded in 2016 in Mumbai, India, as a product of Ambab Infotech. An online platform is operated for discovering nearby fashion stores, accessing details on new arrivals and offers, and placing orders for in-store pickup. Reverse pickup services are also provided, along with options for online purchases and delivery from local stores. Android apps for sellers and users were launched, with operations centered in Mumbai.
- Headquarters Mumbai, India
- Employees 18
- Founders Ankur Kaushik Joshi, Hemant Ramniklal Jhaveri
- Stage Acquired
- SectorsRetail
- Website pretr.com
- Social LinkedIn X
- Acquired by Myntra (Aug 2018)
- Legal Name Pretr Online Services Private Limited
- Date of Incorporation 17 Nov, 2015
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of Pretr
Pretr operates through Pretr Online Services Private Limited (converted to llp). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pretr Online Services Private Limited CIN U74120MH2015PTC270211 | Converted To Llp | 17 Nov 2015 | Mumbai, Maharashtra | ₹0.2 Cr | 18 | 3 | View details |
Funding Insights of Pretr
Pretr has successfully raised a total of $109.62K through 1 strategic funding round. The most recent funding activity was a Seed round of $109.62 thousand completed in December 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 $109,615
- Total Rounds 1
- Last Round Seed — $109,615
- First Round $109,615
(Dec 2016)
- Investors Count 2
All 1 funding rounds of Pretr 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 2016 | $109,615 | Seed | $1.55M | IMAGES Group |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2016 | $1.55M | •••••••• |
Last known valuation $1.55M (Dec 2016). 3 investors in total: 2 institutional and 1 angel.
Investors in Pretr
Pretr has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include Myntra, IMAGES Group and Amitabh Taneja.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Organization of B2B events and publishing in retail, fashion, and food sectors. | 1992 | imagesgroup.in | Delhi, India | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | myntra.com | Bengaluru, India | |
AT Amitabh Taneja | unknown_74acd9f4078e42fab |
Investor details for Pretr
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Pretr Online Services Private Limited (Pretr)
Pretr Online Services Private Limited is the primary company behind Pretr. The board of Pretr Online Services Private Limited currently have 3 directors; the longest-serving is Bhavik Hemant Jhaveri, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhavik Hemant Jhaveri DIN 02112127 | Director | 17 Nov 2015 | 10 yrs 11 mo | Pretr Online Services Private Limited |
| Ankur Kaushik Joshi DIN 06504042 | Director | 17 Nov 2015 | 10 yrs 11 mo | Pretr Online Services Private Limited |
| Hemant Ramniklal Jhaveri DIN 02220979 | Director | 17 Nov 2015 | 10 yrs 11 mo | Pretr Online Services Private Limited |
People of Pretr
2 people are tracked at Pretr (2 in leadership); the tracked headcount is 18.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Pretr
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Pretr
Figures of Pretr Online Services Private Limited, the primary company behind Pretr, for FY 2024. Revenue was ₹22 Lakh (-39% year on year). Net profit was ₹14 Lakh (63% margin). EBITDA was ₹20 Lakh (91% margin). Revenue has grown at a compounded annual rate of -52% over three years and -51% over five years.
- ₹22 LakhRevenue · FY 2024 · -39% YoY
- ₹14 LakhNet profit · 63% margin
- ₹20 LakhEBITDA · 91% margin
- ₹7.6 LakhPaid-up capital
- 18Employees (provident fund records)
- -52%Revenue CAGR, 3 years
- -51%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pretr Online Services Private Limited are on its company page.
Detailed financial statements for Pretr
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Pretr
4 dated milestones of Pretr across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Pretr is founded.
- Funding First funding round of $110K.
- Milestone Reaches Minicorn status.
- Exit Acquired by Myntra.
Competitors of Pretr
Pretr has 3 listed competitors in our database, 2 of them funded. They include Little Black Book, Zakoopi and Hashstar.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lbb.in | 2015 | Delhi, India | $9.08M | 75 | Multi-category products are offered via an online marketplace. | |
| zakoopi.com | 2014 | Delhi, India | $350,000 | Location-based discovery of fashion and apparel stores is facilitated. | ||
| hashstar.in | 2017 | Amravati, India | Operates an online hyperlocal marketplace for a variety of fashion products. |
Detailed competitors of Pretr
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Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Pretr (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 142.34 M | USD 32.66 M | 711 |
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Related news about Pretr
Complete news archive for Pretr
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Frequently Asked Questions about Pretr
Pretr was founded in 2016.
Pretr is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Pretr is a funded company, having raised a total of $109.62K across 1 funding round to date. The company's 1st funding round was a Seed of $109.62K, raised on Dec 2016.
Pretr has 18 employees.
The primary company behind Pretr, Pretr Online Services Private Limited, reported revenue of ₹22 Lakh for FY 2024, down 39% year on year.
Pretr was founded in 2016 in Mumbai, India, as a product of Ambab Infotech. An online platform is operated for discovering nearby fashion stores, accessing details on new arrivals and offers, and placing orders for in-store pickup. Reverse pickup services are also provided, along with options for online purchases and delivery from local stores. Android apps for sellers and users were launched, with operations centered in Mumbai.
Pretr's top competitors include Little Black Book, Zakoopi and Hashstar.
Pretr has 3 investors. Key investors include Myntra, IMAGES Group, and Amitabh Taneja.
The valuation of Pretr is $1.55M as of Dec 2016.
Pretr operates through Pretr Online Services Private Limited.
Yes. Pretr was acquired by Myntra in August 2018.
The legal entities of Pretr currently have 3 directors, including Bhavik Hemant Jhaveri, Ankur Kaushik Joshi, Hemant Ramniklal Jhaveri.