About Purcheasy
Purcheasy is a Retail company based in Chennai (India) founded in 2012 by Nilah Deepak Rajendran. Retailer of building materials. Purcheasy has raised $268.73 thousand across 1 funding round from investors including Bijoy Paulose, Usha Ramankutty and Supriya Rajendran. The company has 10 employees. Purcheasy was last valued at $4.46 million in March 2022. Its Indian entity Devnira Procurement Private Limited reported revenue of ₹11.5 Lakh. Its focus areas include Consumer Goods and Retailers.
Company details
Purcheasy retailer of building materials, focusing on producing consumer products, and retailers. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Chennai, India
- Employees 10
- Founders Nilah Deepak Rajendran
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website purcheasy.com
- Social LinkedIn
- Legal Name Devnira Procurement Private Limited
- Date of Incorporation 06 Jul, 2021
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹11.5 Lakh
FY 2024 · -95% YoY
- Net Loss-₹65.8 Lakh
FY 2024 · -572% margin
- EBITDA-₹37.3 Lakh
FY 2024 · -324% margin
- Total Equity Funding$268.73K (USD)
in 1 rounds
- Latest Funding Round$268.73K (USD), Angel Round
Mar 2022
- Employee Count10
Associated legal entities of Purcheasy
Purcheasy operates through Devnira Procurement Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Devnira Procurement Private Limited CIN U74999TN2021PTC144573 | Active | 06 Jul 2021 | Chennai, Tamil Nadu | ₹0.1 Cr | 10 | 2 | View details |
Funding Insights of Purcheasy
Purcheasy has successfully raised a total of $268.73K through 1 strategic funding round. The most recent funding activity was a Angel Round of $268.73 thousand completed in March 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 $268,729
- Total Rounds 1
- Last Round Angel Round — $268,729
- First Round $268,729
(Mar 2022)
- Investors Count 6
All 1 funding rounds of Purcheasy 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 |
|---|---|---|---|---|---|
| Mar 2022 | $268,729 | Angel Round | $4.46M | Bijoy Paulose |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2022 | $4.46M | •••••••• |
Last known valuation $4.46M (Mar 2022). 6 investors in total: 0 institutional and 6 angel.
Investors in Purcheasy
Purcheasy has secured backing from 6 investors, including angel investors. Prominent investors backing the company include Bijoy Paulose, Usha Ramankutty and Supriya Rajendran.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
BP Bijoy Paulose | Angel investor and tech enthusiast, supporting Indian startups in SaaS and consumer tech. | unknown_3f08fc49d6204b8a8 | ||
UR Usha Ramankutty | unknown_3fd8a34299234b788 | |||
SR Supriya Rajendran | unknown_b7475b59ed204c8f9 | |||
AB Anandan Balasubramanian | unknown_6b41039884ff4dd19 | |||
AR Anup R Kumar | unknown_967825d223504effa | |||
SK Sangeetha Kameshwaran | unknown_6c686cd3c66147a08 |
Investor details for Purcheasy
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 Devnira Procurement Private Limited (Purcheasy)
Devnira Procurement Private Limited is the primary company behind Purcheasy. The board of Devnira Procurement Private Limited currently have 2 directors; the longest-serving is Nilah Deepak Rajendran, appointed in 2021. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nilah Deepak Rajendran DIN 05286729 | Director | 06 Jul 2021 | 5 yrs 3 mo | Devnira Procurement Private Limited |
| Deepak Rajendran DIN 01713133 | Director | 01 Aug 2024 | 2 yrs 3 mo | Devnira Procurement Private Limited |
People of Purcheasy
1 people are tracked at Purcheasy (1 in leadership); the tracked headcount is 10.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Purcheasy
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 Purcheasy
Figures of Devnira Procurement Private Limited, the primary company behind Purcheasy, for FY 2024. Revenue was ₹11.5 Lakh (-95% year on year). Net loss was -₹65.8 Lakh (-572% margin). EBITDA was -₹37.3 Lakh (-324% margin).
- ₹11.5 LakhRevenue · FY 2024 · -95% YoY
- -₹65.8 LakhNet loss · -572% margin
- -₹37.3 LakhEBITDA · -324% margin
- ₹1.1 LakhPaid-up capital
- 10Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Devnira Procurement Private Limited are on its company page.
Detailed financial statements for Purcheasy
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 Purcheasy
3 dated milestones of Purcheasy across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Purcheasy is founded.
- Funding First funding round of $269K.
- Milestone Reaches Minicorn status.
Top companies in Retail Stores & Chains
2 companies that operate in the same segment as Purcheasy (Retail Stores & Chains) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform offering a wide range of baby, kids, and maternity products | 2010 | Pune, Maharashtra, India | USD 513.39 M | USD 911.07 M | 3,752 | |
Multi-format offline retail is operated in India. | 1997 | Mumbai, Maharashtra, India | USD 3.41 B | USD 280.87 K | 32 |
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Frequently Asked Questions about Purcheasy
Purcheasy was founded in 2012 and raised its 1st funding round 10 years after it was founded.
Purcheasy is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Purcheasy is a funded company, having raised a total of $268.73K across 1 funding round to date. The company's 1st funding round was a Angel Round of $268.73K, raised on Mar 2022.
Purcheasy has 10 employees.
The primary company behind Purcheasy, Devnira Procurement Private Limited, reported revenue of ₹11.5 Lakh for FY 2024, down 95% year on year.
Purcheasy retailer of building materials, focusing on producing consumer products, and retailers. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Purcheasy has 6 investors. Key investors include Bijoy Paulose, Usha Ramankutty, Supriya Rajendran, Anandan Balasubramanian, and Anup R Kumar.
The valuation of Purcheasy is $4.46M as of Mar 2022.
Purcheasy operates through Devnira Procurement Private Limited.
The legal entities of Purcheasy currently have 2 directors, including Nilah Deepak Rajendran, Deepak Rajendran.