About RainCan
RainCan is a Retail company based in Pune (India) founded in 2015 by Abhijeet Kumar and Munendra Singh, and was acquired by Bigbasket in October 2018. Daily grocery essentials are delivered through an online platform. RainCan has raised $916.14 thousand across 4 funding rounds from investors including Bigbasket, Jiten Shah and Prem Samtani. The company has 21 employees. RainCan was last valued at $4.18 million in October 2017. Its Indian entity Bloomskart Retail Private Limited reported revenue of ₹1.4 Lakh. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Multi Category. Its competitors include Blinkit, Bigbasket and Swiggy; 3 of its 3 listed competitors have raised funding.
Company details
RainCan was founded in 2015 in Pune, India, as an online platform focused on grocery delivery in the e-commerce sector. Essential items such as fresh milk, bread, eggs, fruits, and vegetables are provided to customers. Operations emphasize timely and consistent deliveries to address household needs, reducing the need for regular store visits. The service targets urban consumers seeking convenient access to staples and produce.
- Headquarters Pune, India
- Employees 21
- Founders Abhijeet Kumar, Munendra Singh
- Stage Acquired
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website raincan.com
- Social LinkedIn X Facebook
- Acquired by Bigbasket (Oct 2018)
- Legal Name Bloomskart Retail Private Limited
- Date of Incorporation 16 Jul, 2013
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of RainCan
RainCan operates through Bloomskart Retail Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Bloomskart Retail Private Limited CIN U01403MH2013PTC245706 | Strike Off | 16 Jul 2013 | Mumbai, Maharashtra | ₹0.0 Cr | 21 | 2 | View details |
Funding Insights of RainCan
RainCan has successfully raised a total of $916.14K across 4 strategic funding rounds. The most recent funding activity was a Angel Round of $337.55 thousand completed in October 2017. 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 $916,139
- Total Rounds 4
- Last Round Angel Round — $337,553
- First Round $156,715
(Aug 2015)
- Investors Count 16
All 4 funding rounds of RainCan 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 |
|---|---|---|---|---|---|
| Oct 2017 | $337,553 | Angel Round | $4.18M | Prabodh Agarwal, Seema Shah | |
| Jul 2017 | $271,871 | Angel Round | $4.35M | Prabodh Agarwal | |
| Apr 2016 | $150,000 | Angel Round | $••••• | Prabodh Agarwal | |
| Aug 2015 | $156,715 | Angel Round | $••••• | Anirudh Malpani | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2017 | $4.18M | •••••••• |
| Jul 2017 | $4.35M | •••••••• |
| Apr 2016 | $••••• | •••••••• |
| Aug 2015 | $••••• | •••••••• |
Full valuation and stage history of RainCan
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $4.18M (Oct 2017). 17 investors in total: 1 institutional and 16 angel.
Investors in RainCan
RainCan has secured backing from 17 investors, including angel investors. Prominent investors backing the company include Bigbasket, Jiten Shah and Prem Samtani.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
JS Jiten Shah | unknown_110895913f9f4b8ea | |||
PS Prem Samtani | unknown_960135594e444fa39 | |||
SS Sona Shah | unknown_7c20505fd7c54ff88 | |||
CV Chandni Vora | unknown_a5bf9162ca7447d0a | |||
AN Alok Nanavaty | unknown_f86cbf6d08d54c1f9 | |||
MB Malika Beri | unknown_51fe88aecf9549d39 | |||
DM Deepa Mehta | unknown_3732ff8181d94db4b | |||
PA Prabodh Agarwal | unknown_40801560eda846059 | |||
AM Anirudh Malpani | Angel investor, IVF specialist, and founder of Malpani Infertility Clinic. | unknown_d9d76fc84b6e4f348 | ||
AD Ali Droliya | unknown_13667c3275c842ada |
Investor details for RainCan
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Bloomskart Retail Private Limited (RainCan)
Bloomskart Retail Private Limited is the primary company behind RainCan. The board of Bloomskart Retail Private Limited currently have 2 directors; the longest-serving is Munendra Singh, appointed in 2013.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Munendra Singh DIN 06516428 | Director | 16 Jul 2013 | 13 yrs 3 mo | Bloomskart Retail Private Limited |
| Abhijeet Kumar DIN 06511811 | Director | 16 Jul 2013 | 13 yrs 3 mo | Bloomskart Retail Private Limited |
People of RainCan
2 people are tracked at RainCan (2 in leadership); the tracked headcount is 21.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for RainCan
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 RainCan
Figures of Bloomskart Retail Private Limited, the primary company behind RainCan, for FY 2023. Revenue was ₹1.4 Lakh (+90% year on year). Net loss was -₹10 Lakh (-718% margin). EBITDA was -₹10 Lakh (-718% margin). Revenue has grown at a compounded annual rate of -65% over three years and -73% over five years.
- ₹1.4 LakhRevenue · FY 2023 · +90% YoY
- -₹10 LakhNet loss · -718% margin
- -₹10 LakhEBITDA · -718% margin
- ₹50 LakhPaid-up capital
- 21Employees (provident fund records)
- -65%Revenue CAGR, 3 years
- -73%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Bloomskart Retail Private Limited are on its company page.
Detailed financial statements for RainCan
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 RainCan
5 dated milestones of RainCan across 3 years, from founding to its latest funding, stage changes and deals.
- Founded RainCan is founded.
- Funding First funding round of $157K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $338K.
- Exit Acquired by Bigbasket.
Competitors of RainCan
RainCan has 3 listed competitors in our database, 3 of them funded. They include Blinkit, Bigbasket and Swiggy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| blinkit.com | 2013 | Gurugram, India | $757.52M | 5,975 | Instant delivery of groceries and essentials is facilitated online. | |
| bigbasket.com | 2011 | Bengaluru, India | $943.07M | 22,095 | Personal and household products are delivered via an e-commerce platform. | |
| swiggy.com | 2014 | Bengaluru, India | $3.62B | 4,953 | Food and grocery items are ordered via an online network. |
Detailed competitors of RainCan
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Food & Grocery Retail
3 companies that operate in the same segment as RainCan (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 3.62 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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Related news about Raincan
Complete news archive for RainCan
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Frequently Asked Questions about RainCan
RainCan was founded in 2015.
RainCan is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
RainCan is a funded company, having raised a total of $916.14K across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $156.72K, raised on Aug 2015.
RainCan has 21 employees.
The primary company behind RainCan, Bloomskart Retail Private Limited, reported revenue of ₹1.4 Lakh for FY 2023, up 90% year on year.
RainCan was founded in 2015 in Pune, India, as an online platform focused on grocery delivery in the e-commerce sector. Essential items such as fresh milk, bread, eggs, fruits, and vegetables are provided to customers. Operations emphasize timely and consistent deliveries to address household needs, reducing the need for regular store visits. The service targets urban consumers seeking convenient access to staples and produce.
RainCan has 17 investors. Key investors include Bigbasket, Jiten Shah, Prem Samtani, Sona Shah, and Chandni Vora.
The valuation of RainCan is $4.18M as of Oct 2017.
RainCan operates through Bloomskart Retail Private Limited.
Yes. RainCan was acquired by Bigbasket in October 2018.
The legal entities of RainCan currently have 2 directors, including Munendra Singh, Abhijeet Kumar.