About Qtrove
Qtrove is a company based in Bengaluru (India) founded in 2016. Qtrove has raised $51.58 million across 2 funding rounds from investors including Springboard Ventures, Brand Capital and Ganesh Krishnan. Qtrove operates in a competitive market with competitors including Authindia, OurBetterPlanet, Brahmaputra Fables, Craftsventure and EcoVcraft, among others.
- Headquarter Bengaluru, India
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$12.59 K (USD)405as on Mar 31, 2024
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Net Profit
$10.86 K (USD)107as on Mar 31, 2024
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EBITDA
$10.86 K (USD)107as on Mar 31, 2024
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Total Equity Funding
$51.58 M (USD)
in 2 rounds
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Latest Funding Round
$51.58 M (USD), Series B
May 30, 2018
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Investors
Springboard Ventures
& 2 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 2
- Last Round Series B — $51.6M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Series B - Qtrove | Valuation | Springboard Ventures | |
| Jun, 2016 | Amount | Angel Round - Qtrove | Valuation |
investors |
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 |
|---|---|---|---|---|
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Investments in early-stage startups are made by Brand Capital.
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Founded Year | Domain | Location | |
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Delivers comprehensive branding, advertising, and social media marketing services.
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Founded Year | Domain | Location | |
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GK
Ganesh Krishnan |
Serial entrepreneur, angel investor, co-founder of Portea Medical and GrowthStory
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Founded Year | Domain | Location |
Investments & Acquisitions by Qtrove
Financial Statements - Qtrove
Qtrove Comparisons
Competitors of Qtrove
Qtrove operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Authindia, OurBetterPlanet, Brahmaputra Fables, Craftsventure and EcoVcraft, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online marketplace platform offering multi-category handicraft products
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| domain | founded_year | HQ Location |
Handcrafted eco-friendly products are sold via an online marketplace.
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| domain | founded_year | HQ Location |
Online marketplace offering multi-category eco-friendly handcrafted products
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| domain | founded_year | HQ Location |
Operates an online marketplace for handcrafted products across various categories.
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| domain | founded_year | HQ Location |
Operates an e-commerce store specializing in handmade bamboo products for women.
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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.