About Qtrove
Qtrove is a Retail company based in Bengaluru (India) founded in 2016. It operates as an eco-friendly products and handicrafts are sold via an online platform. Qtrove has raised $51.58 million across 2 funding rounds from investors including Springboard Ventures, Brand Capital and Ganesh Krishnan. Its focus areas include Horizontal E-Commerce, Marketplace, Eco Friendly and Handicrafts. Its competitors include Authindia, OurBetterPlanet, Brahmaputra Fables, Craftsventure and EcoVcraft and 2 more; 1 of its 7 listed competitors has raised funding.
Company details
Qtrove was founded in 2016 in Bengaluru, India, as an e-commerce platform in the sustainable goods sector. A curated selection of items, including home essentials, personal care products, handmade decor, and artisanal food, is offered. Operations focus on eco-friendly lifestyle choices and support for small businesses producing unique, non-mass-produced goods through the online domain qtrove.com.
- Headquarters Bengaluru, India
- SectorsRetail
- Email••••••••
- Website qtrove.com
- Social LinkedIn X Facebook
- Annual Revenue$12.59 K (USD)405as on Mar 31, 2024
- Net Profit$10.86 K (USD)107as on Mar 31, 2024
- EBITDA$10.86 K (USD)107as on Mar 31, 2024
- Total Equity Funding$51.58M (USD)
in 2 rounds
- Latest Funding Round$51.58M (USD), Series B
May 2018
- InvestorsSpringboard Ventures
& 2 more
Associated legal entities of Qtrove
Qtrove is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Qtrove Services Private Limited CIN U74999KA2016PTC092677 | Active | 29 Apr 2016 | Bangalore, Karnataka | ₹0.0 Cr | – | 2 | View details |
| Qtrovevista Exclusive Services Private Limited CIN U74999KA2018PTC110932 | Active | 09 Mar 2018 | Bangalore, Karnataka | ₹0.1 Cr | – | 2 | View details |
Funding Insights of Qtrove
Qtrove has successfully raised a total of $51.58M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $51.58 million completed in May 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 $51.58M
- Total Rounds 2
- Last Round Series B — $51.58M
- Investors Count 3
All 2 funding rounds of Qtrove 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 |
|---|---|---|---|---|---|
| May 2018 | $51.58M | Series B | – | Springboard Ventures | |
| Jun 2016 | – | Angel Round | – | – |
3 investors in total: 2 institutional and 1 angel.
Investors in Qtrove
Qtrove has secured backing from 3 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Springboard Ventures, Brand Capital and Ganesh Krishnan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage startups are made by Brand Capital. | – | brandcapital.co.in | Mumbai, India | |
Delivers comprehensive branding, advertising, and social media marketing services. | 2010 | springboardventures.co.in | Mumbai, India | |
GK Ganesh Krishnan | Serial entrepreneur, angel investor, co-founder of Portea Medical and GrowthStory | – | unknown_b270d5f87c2949cfa | - |
Investor details for Qtrove
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Qtrove
The boards of the 2 registered companies of Qtrove currently have 4 directors; the longest-serving is Meena Ganesh, appointed in 2016. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Meena Ganesh DIN 00528252 | Director | 29 Apr 2016 | 10 yrs 5 mo | Qtrove Services Private Limited |
| Kusugolli Manjappa Gowda Vivekananda DIN 06977957 | Director | 29 Apr 2016 | 10 yrs 5 mo | Qtrove Services Private Limited |
| Ganesh Krishnan DIN 01184779 | Director | 15 Mar 2018 | 8 yrs 7 mo | Qtrovevista Exclusive Services Private Limited |
| Srinivas Anumolu DIN 07618525 | Director | 01 Apr 2020 | 6 yrs 6 mo | Qtrovevista Exclusive Services Private Limited |
Financials of Qtrove
Figures of Qtrove Services Private Limited, the primary company behind Qtrove, for FY 2021. Revenue was ₹19,848 (-21% year on year). Net loss was -₹5,692 (-29% margin). EBITDA was -₹25,540 (-129% margin). Revenue has grown at a compounded annual rate of -86% over three years.
- ₹19,848Revenue · FY 2021 · -21% YoY
- -₹5,692Net loss · -29% margin
- -₹25,540EBITDA · -129% margin
- ₹1 LakhPaid-up capital
- -86%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Qtrove Services Private Limited are on its company page.
Detailed financial statements for Qtrove
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Qtrove
3 dated milestones of Qtrove across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Qtrove is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $51.6M.
Competitors of Qtrove
Qtrove has 7 listed competitors in our database, 1 of them funded. They include Authindia, OurBetterPlanet, Brahmaputra Fables, Craftsventure and EcoVcraft, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| authindia.com | 2015 | Lucknow, India | – | – | Online marketplace platform offering multi-category handicraft products | |
| ourbetterplanet.com | 2020 | Bengaluru, India | $300,000 | – | Handcrafted eco-friendly products are sold via an online marketplace. | |
| brahmaputrafables.in | 2017 | Guwahati, India | – | – | Online marketplace offering multi-category eco-friendly handcrafted products | |
| craftsventure.com | 2015 | Udaipur, India | – | – | Operates an online marketplace for handcrafted products across various categories. | |
| ecovcraft.com | 2021 | Pune, India | – | – | Operates an e-commerce store specializing in handmade bamboo products for women. | |
| kavyshilphandmade.com | 2021 | Bengaluru, India | – | – | Manages an e-commerce store specializing in handcrafted products across various categories. | |
| gaatha.com | 2009 | Ahmedabad, India | – | – | Indian handicrafts are curated and sold by Gaatha. |
Detailed competitors of Qtrove
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Top companies in Marketplaces & General E-Commerce
10 companies that operate in the same segment as Qtrove (Marketplaces & General E-Commerce), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Multi-category consumer products are offered via an online marketplace platform. | 2007 | Bengaluru, Karnataka, India | USD 12.12 B | – | – | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Multi-category consumer products are sold via an online marketplace. | 2010 | Seoul, South Korea | USD 3.9 B | USD 34.53 B | 95,000 | |
Multi-category products are sold via an online marketplace platform. | 2012 | Singapore, Singapore | USD 689.63 M | – | – | |
Multi-category products are offered through an online marketplace. | 1994 | Seattle, Washington, United States | USD 8 M | – | – | |
Multi-category second-hand products are offered via online marketplace platform. | 2007 | Moscow, Russia | USD 161 M | – | – | |
Used multi-category products are traded on an online marketplace platform. | 2013 | Minato, Tokyo, Japan | USD 117.3 M | USD 1.41 B | – | |
Multi-category consumer products are sold via an online marketplace platform. | 1999 | Buenos Aires, Argentina | – | USD 28.89 B | 84,210 | |
App-based marketplace and classified platform for multi-category products | 2013 | Barcelona, Catalonia, Spain | USD 370.56 M | – | – | |
Multi-category consumer products are offered via an online marketplace. | 1998 | Moscow, Russia | USD 442.27 M | – | – |
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Related news about Qtrove
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Frequently Asked Questions about Qtrove
Qtrove was founded in 2016.
Qtrove is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Qtrove is a funded company, having raised a total of $51.58M across 2 funding rounds to date.
Annual revenue of Qtrove is $12.59K as on Mar 31, 2024.
Qtrove was founded in 2016 in Bengaluru, India, as an e-commerce platform in the sustainable goods sector. A curated selection of items, including home essentials, personal care products, handmade decor, and artisanal food, is offered. Operations focus on eco-friendly lifestyle choices and support for small businesses producing unique, non-mass-produced goods through the online domain qtrove.com.
Qtrove's top competitors include Authindia, Brahmaputra Fables and OurBetterPlanet.
Qtrove has 3 investors. Key investors include Springboard Ventures, Brand Capital, and Ganesh Krishnan.
Qtrove is associated with 2 legal entities: Qtrove Services Private Limited, Qtrovevista Exclusive Services Private Limited.
The legal entities of Qtrove currently have 4 directors, including Meena Ganesh, Kusugolli Manjappa Gowda Vivekananda, Srinivas Anumolu and others.