About RainCan
RainCan is a company based in Pune (India) founded in 2015 by Abhijeet Kumar and Munendra Singh was acquired by Bigbasket in October 2018. RainCan has raised $916.14 thousand across 4 funding rounds from investors including Bigbasket, Jiten Shah and Prem Samtani. The company has 21 employees as of April 03, 2024. RainCan operates in a competitive market with competitors including Blinkit, Bigbasket, Swiggy, Dunzo and Otipy, among others.
- Headquarter Pune, India
- Employees 21 as on 03 Apr, 2024
- Founders Abhijeet Kumar, Munendra Singh
- Stage Minicorn
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Sectors
Retail
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Email
Locked
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Phone
Locked
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Website
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Social
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- Legal Name Bloomskart Retail Private Limited
- Date of Incorporation 16 Jul, 2013
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$886.7 (USD)-20.71as on Mar 31, 2022
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Net Profit
-$13.94 K (USD)-678.32as on Mar 31, 2022
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EBITDA
-$14.82 K (USD)-409.58as on Mar 31, 2022
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Total Equity Funding
$916.14 K (USD)
in 4 rounds
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Latest Funding Round
$337.55 K (USD), Angel Round
Oct 21, 2017
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Investors
Bigbasket
& 16 more
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Employee Count
21
as on Apr 03, 2024
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Acquired by
Bigbasket
(Oct 17, 2018)
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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.
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 |
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Jiten Shah |
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PS
Prem Samtani |
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SS
Sona Shah |
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Investor details for RainCan
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- Investor locations
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Investments & Acquisitions by RainCan
Investment portfolio details for RainCan
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Financial Statements - RainCan
Detailed financials for RainCan
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- Profit trends
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Raincan Comparisons
Peer comparison for RainCan
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- Named peers
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Competitors of RainCan
RainCan 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 Blinkit, Bigbasket, Swiggy, Dunzo and Otipy, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Instant delivery of groceries and essentials is facilitated online.
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Personal and household products are delivered via an e-commerce platform.
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Food and grocery items are ordered via an online network.
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Grocery products are provided via an online digital storefront.
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Provider of online platform offering grocery, household items, cakes, and flowers
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Detailed competitors of RainCan
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Latest news on 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.
As of Apr 03, 2024, the latest employee count at RainCan is 21.
Annual revenue of RainCan is $886.7 as on Mar 31, 2022.
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.