About RapidBox
RapidBox is a Retail company based in Bengaluru (India) founded in 2019 by Jhamkudevi, Arun Paliwal, and Manoj Baranwal. Multi-category fashion products and sneakers are sold online. RapidBox has raised $9.49 million across 11 funding rounds from investors including BlackSoil, Wellfound and Suashish. The company has 749 employees. RapidBox was last valued at $10.7 million in March 2025. Its Indian entity Trusource Technology Private Limited reported revenue of ₹24.81 Cr. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Footwear. Its competitors include Comet, Neeman's and CHK; 3 of its 3 listed competitors have raised funding.
Company details
RapidBox was established in 2019 in Bengaluru, India, as an e-commerce entity in the fashion sector. A range of apparel and footwear, including performance t-shirts, sports jackets, shoes, and sneakers, is distributed through its digital platform. Operations are managed with an integrated manufacturing unit to oversee quality and costs. An Android application is utilized for user access, incorporating a reward points system for product sharing among friends.
- Headquarters Bengaluru, India
- Employees 749
- Founders Jhamkudevi, Arun Paliwal, Manoj Baranwal
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website rapidbox.in
- Social LinkedIn X Facebook
- Legal Name Trusource Technology Private Limited
- Date of Incorporation 21 Feb, 2017
- Jurisdiction Nelamangala, Karnataka, India
- Annual Revenue₹24.81 Cr
FY 2023 · +16% YoY
- Net Loss-₹17.00 Cr
FY 2023 · -69% margin
- EBITDA-₹15.20 Cr
FY 2023 · -61% margin
- Total Equity Funding$9.49M (USD)
in 11 rounds
- Latest Funding Round$63.42K (USD), Angel Round
Mar 2025
- InvestorsBlackSoil
& 40 more
- Employee Count749
Associated legal entities of RapidBox
RapidBox operates through Trusource Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Trusource Technology Private Limited CIN U72900KA2017PTC100728 | Active | 21 Feb 2017 | Nelamangala, Karnataka | ₹24.8 Cr | 749 | 2 | View details |
Apps and channels of RapidBox
RapidBox publishes 1 mobile app with over 10K+ downloads.
Funding Insights of RapidBox
RapidBox has successfully raised a total of $9.49M across 11 strategic funding rounds. The most recent funding activity was a Angel Round of $63.42 thousand completed in March 2025. 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 $9.49M
- Total Rounds 11
- Last Round Angel Round — $63,415
- First Round $63,311
(Feb 2019)
- Investors Count 41
Latest 10 of 11 funding rounds of RapidBox 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 2025 | $63,415 | Angel Round | $10.7M | Himanshu Varshney | |
| Sep 2023 | $1.6M | Series A | $21.05M | SIG, Merisis | |
| Mar 2023 | $551,215 | Series A | $••••• | Trifecta Capital, Ramesh Arthanari | |
| Jan 2023 | Debt – Venture | – | – | ||
| Mar 2022 | $4.52M | Series A | $••••• | SIG Venture Capital | |
| Apr 2021 | $689,441 | Seed | $••••• | Tanglin Venture Partners | |
| Apr 2021 | Debt – Venture | – | – | ||
| Mar 2020 | $1.14M | Seed | $••••• | Tanglin Venture Partners | |
| Jun 2019 | $793,740 | Seed | $••••• | India Quotient | |
| Mar 2019 | $72,278 | Angel Round | $••••• | Bobbu Kiran Kumar |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2025 | $10.7M | •••••••• |
| Sep 2023 | $21.05M | •••••••• |
| Mar 2023 | $••••• | •••••••• |
| Mar 2022 | $••••• | •••••••• |
| Apr 2021 | $••••• | •••••••• |
| Mar 2020 | $••••• | •••••••• |
| Jun 2019 | $••••• | •••••••• |
| Mar 2019 | $••••• | •••••••• |
Full valuation and stage history of RapidBox
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 $10.7M (Mar 2025). 41 investors in total: 11 institutional and 30 angel.
Investors in RapidBox
RapidBox has secured backing from 41 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include BlackSoil, Wellfound and Suashish.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Independent VC firm | tanglinvp.com | Singapore, Singapore | ||
Investment in Indian startups across technology and fintech sectors. | 2012 | indiaquotient.in | Mumbai, India | |
Venture capital firm focused on seed and late stage investments | sig-asiavc.com | Hong Kong, China | ||
Diversified investment management is handled by SIG across multiple assets. | 1987 | sig.com | Bala Cynwyd, United States | |
Venture capital firm backed by Bala Chandra | 1999 | vernaliscapital.com | Chennai, India | |
Conglomerate involved in Jewellery trading, realestate & investments in private startups | 1988 | suashish.com | Mumbai, India | |
| merisisvp.com | ||||
Private debt and equity funds are managed for technology sectors. | trifectacapital.in | Gurugram, India | ||
Startup jobs are connected to individuals via a dedicated platform. | 2013 | wellfound.com | New York, United States | |
Private debt is provided to growth-stage companies by BlackSoil. | 2010 | blacksoil.co.in | Mumbai, India |
Investor details for RapidBox
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 Trusource Technology Private Limited (RapidBox)
Trusource Technology Private Limited is the primary company behind RapidBox. The board of Trusource Technology Private Limited currently have 2 directors; the longest-serving is Arun Paliwal, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Arun Paliwal DIN 07690325 | Director | 21 Feb 2017 | 9 yrs 8 mo | Trusource Technology Private Limited |
| Manoj Kumar Baranwal DIN 07990652 | Director | 02 Jan 2018 | 8 yrs 9 mo | Trusource Technology Private Limited |
People of RapidBox
3 people are tracked at RapidBox (3 in leadership); the tracked headcount is 749.
| Name | Role | Group |
|---|---|---|
Jhamkudevi | Co-Founder | Leadership |
| Co-Founder | Leadership | |
| Co-Founder & CTO | Leadership |
Complete people profiles for RapidBox
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 RapidBox
Figures of Trusource Technology Private Limited, the primary company behind RapidBox, for FY 2023. Revenue was ₹24.81 Cr (+16% year on year). Net loss was -₹17.00 Cr (-69% margin). EBITDA was -₹15.20 Cr (-61% margin). Revenue has grown at a compounded annual rate of +149% over three years and +186% over five years.
- ₹24.81 CrRevenue · FY 2023 · +16% YoY
- -₹17.00 CrNet loss · -69% margin
- -₹15.20 CrEBITDA · -61% margin
- ₹6.3 LakhPaid-up capital
- 749Employees (provident fund records)
- +149%Revenue CAGR, 3 years
- +186%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Trusource Technology Private Limited are on its company page.
Detailed financial statements for RapidBox
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 RapidBox
4 dated milestones of RapidBox across 6 years, from founding to its latest funding, stage changes and deals.
- Founded RapidBox is founded.
- Funding First funding round of $63K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $63K.
Competitors of RapidBox
RapidBox has 3 listed competitors in our database, 3 of them funded. They include Comet, Neeman's and CHK.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wearcomet.com | 2023 | Bengaluru, India | $6.57M | 68 | Unisex lifestyle sneakers are designed and sold online by Comet. | |
| neemans.com | 2017 | Hyderabad, India | $18.67M | 167 | Eco-friendly footwear is provided online by Neeman's. | |
| gochk.com | 2024 | Bengaluru, India | $3.8M | 11 | Streetwear-inspired sneakers are provided through a direct-to-consumer platform. |
Detailed competitors of RapidBox
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of RapidBox
The website of RapidBox (rapidbox.in) receives about 5.4K visits a month.
- Monthly visits5.4K
▼ 66.1% vs previous month
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as RapidBox (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 142.34 M | USD 32.66 M | 711 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Rapidbox
Complete news archive for RapidBox
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about RapidBox
RapidBox was founded in 2019.
RapidBox is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
RapidBox is a funded company, having raised a total of $9.49M across 11 funding rounds to date. The company's 1st funding round was a Angel Round of $72.28K, raised on Feb 2019.
RapidBox has 749 employees.
The primary company behind RapidBox, Trusource Technology Private Limited, reported revenue of ₹24.81 Cr for FY 2023, up 16% year on year.
RapidBox was established in 2019 in Bengaluru, India, as an e-commerce entity in the fashion sector. A range of apparel and footwear, including performance t-shirts, sports jackets, shoes, and sneakers, is distributed through its digital platform. Operations are managed with an integrated manufacturing unit to oversee quality and costs. An Android application is utilized for user access, incorporating a reward points system for product sharing among friends.
RapidBox has 41 investors. Key investors include BlackSoil, Wellfound, Suashish, Susquehanna, and India Quotient.
The valuation of RapidBox is $10.7M as of Mar 2025.
RapidBox operates through Trusource Technology Private Limited.
The legal entities of RapidBox currently have 2 directors, including Manoj Kumar Baranwal, Arun Paliwal.
Yes. RapidBox publishes Rapidshop: Resell and Earn, with over 10,000 downloads.