About Redbasil
Redbasil is a Consumer company based in Gurugram (India) founded in 2020 by Shivank Shukla, Naman Dayal, Gaurav Pal, and Amit Khanchi. Redbasil has raised $777.06 thousand across 3 funding rounds from investors including Mumbai Angels, Sat Industries and Plan B Capital Advisors. The company has 1 employees. Redbasil was last valued at $4.44 million in April 2023. Its chief executive, as recorded, is Naman Dayal. Its Indian entity Red Basil Technologies Private Limited reported revenue of ₹11.01 Cr. Redbasil offers products and services including Grocery Ecommerce Platform, Pulses and Dal Products, and Dry Fruits and Nuts. Its focus areas include Food and Agriculture Tech, Food Tech, Technology Enablers and Restaurants.
Company details
B2B marketplace offering grocery supplies for businesses. It offers fruits vegetables, beverages, milk dairy products, tea and coffee, meat and seafood, and more. It offers products from restaurants and hotels. The mobile application is available for Android and iOS users.
- Headquarters Gurugram, India
- Employees 1
- Founders Shivank Shukla, Naman Dayal, Gaurav Pal, Amit Khanchi
- Stage Minicorn
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website redbasil.in
- Social LinkedIn YouTube
- Legal Name Red Basil Technologies Private Limited
- Date of Incorporation 20 Jan, 2021
- Jurisdiction Gurgaon, Haryana, India
- Annual Revenue₹11.01 Cr
FY 2024 · +553% YoY
- Net Loss-₹19.3 Lakh
FY 2024 · -2% margin
- EBITDA-₹19.3 Lakh
FY 2024 · -2% margin
- Total Equity Funding$777.06K (USD)
in 3 rounds
- Latest Funding Round$280.58K (USD), Seed
Apr 2023
- InvestorsMumbai Angels
& 43 more
- Employee Count1
Associated legal entities of Redbasil
Redbasil operates through Red Basil Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Red Basil Technologies Private Limited CIN U72900HR2021PTC092328 | Active | 20 Jan 2021 | Gurgaon, Haryana | ₹11.0 Cr | 2 | View details |
Products & Services of Redbasil
Redbasil offers a comprehensive portfolio of products and services, including Grocery Ecommerce Platform, Pulses and Dal Products, and Dry Fruits and Nuts.
Platform for online ordering of premium groceries with fast delivery
Range of pulses like Arhar Dal for everyday cooking needs
Selection of dry fruits such as almonds for snacks and health
Apps and channels of Redbasil
its YouTube channel Redbasil has 20 subscribers and 5 videos.
Videos from Redbasil
The most watched videos on Redbasil's YouTube channel, Redbasil (20 subscribers). Click a video to play it here.
More on Redbasil.
Funding Insights of Redbasil
Redbasil has successfully raised a total of $777.06K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $280.58 thousand completed in April 2023. 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 $777,061
- Total Rounds 3
- Last Round Seed — $280,584
- First Round $496,477
(Dec 2021)
- Investors Count 44
All 3 funding rounds of Redbasil 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 |
|---|---|---|---|---|---|
| Apr 2023 | $280,584 | Seed | $4.44M | South Asia Tech, South Asia Tech SPV II | |
| Jan 2022 | Seed | – | – | – | |
| Dec 2021 | $496,477 | Seed | $1.84M | Mumbai Angels, South Asia Tech |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2023 | $4.44M | •••••••• |
| Dec 2021 | $1.84M | •••••••• |
Last known valuation $4.44M (Apr 2023). 44 investors in total: 12 institutional and 32 angel.
Investors in Redbasil
Redbasil has secured backing from 44 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Mumbai Angels, Sat Industries and Plan B Capital Advisors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture investments are facilitated by Mumbai Angels network. | 2006 | mumbaiangels.com | Mumbai, India | |
Early-stage investments in logistics, transportation, and e-commerce technologies are targeted. | southasiatech.com | Oak Ridge, United States | ||
| southasiatechii.tcc.mode | ||||
Venture capital investments are directed toward eCommerce and diverse sectors. | planbinnovationlabs.tcc.mode | Seattle, United States | ||
Venture capital investments are directed toward healthcare and diverse sectors. | ldandrusheelconsulting.tcc.mode | Delhi, India | ||
Venture capital firm focused on multiple sectors | firstfounderinvestment.tcc.mode | |||
Early-stage startups are funded by 100X.VC venture capital firm. | 100x.vc | Mumbai, India | ||
PP/HDPE woven bags are manufactured by Sat Industries. | 1984 | satgroup.in | Mumbai, India | |
Delivers comprehensive property financial and real estate advisory services. | 2013 | planbcapital.in | Bengaluru, India | |
Provides AI-based SaaS products, analytics, and advisory services for businesses. | 2021 | ganitscience.com | Chennai, India |
Investor details for Redbasil
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 Red Basil Technologies Private Limited (Redbasil)
Red Basil Technologies Private Limited is the primary company behind Redbasil. The board of Red Basil Technologies Private Limited currently have 2 directors; the longest-serving is Naman Dayal, appointed in 2021. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Naman Dayal DIN 09035814 | Director | 20 Jan 2021 | 5 yrs 9 mo | Red Basil Technologies Private Limited |
| Shivank Shukla DIN 10982391 | Director | 31 Jan 2025 | 1 yr 8 mo | Red Basil Technologies Private Limited |
People of Redbasil
4 people are tracked at Redbasil (4 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Founder & COO | Leadership | |
| Founder & CEO | Leadership | |
Gaurav Pal | Co-Founder | Leadership |
| Founder & CTO | Leadership |
Complete people profiles for Redbasil
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 Redbasil
Figures of Red Basil Technologies Private Limited, the primary company behind Redbasil, for FY 2024. Revenue was ₹11.01 Cr (+553% year on year). Net loss was -₹19.3 Lakh (-2% margin). EBITDA was -₹19.3 Lakh (-2% margin).
- ₹11.01 CrRevenue · FY 2024 · +553% YoY
- -₹19.3 LakhNet loss · -2% margin
- -₹19.3 LakhEBITDA · -2% margin
- ₹38.3 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Red Basil Technologies Private Limited are on its company page.
Detailed financial statements for Redbasil
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 Redbasil
4 dated milestones of Redbasil across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Redbasil is founded.
- Funding First funding round of $496K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $281K.
Web traffic of Redbasil
The website of Redbasil (redbasil.in) receives about 2.5K visits a month.
- Monthly visits2.5K
▲ 50.8% vs previous month
Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as Redbasil (Food & Beverage Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform food ordering and delivery service | 2008 | Gurugram, Haryana, India | USD 1.69 B | USD 5.79 B | 6,903 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 |
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Related news about Redbasil
Complete news archive for Redbasil
Full article history, source details, and older brand coverage require an active premium plan.
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- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Redbasil
Redbasil was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Redbasil is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Naman Dayal is the CEO of Redbasil, as recorded in our data. They have also founded this company.
Redbasil is a funded company, having raised a total of $777.06K across 3 funding rounds to date. The company's 1st funding round was a Seed of $496.48K, raised on Dec 2021.
Redbasil has 1 employees.
The primary company behind Redbasil, Red Basil Technologies Private Limited, reported revenue of ₹11.01 Cr for FY 2024, up 553% year on year.
B2B marketplace offering grocery supplies for businesses. It offers fruits vegetables, beverages, milk dairy products, tea and coffee, meat and seafood, and more. It offers products from restaurants and hotels. The mobile application is available for Android and iOS users.
Redbasil offers Grocery Ecommerce Platform, Pulses and Dal Products, and Dry Fruits and Nuts.
Redbasil has 44 investors. Key investors include Mumbai Angels, Sat Industries, Plan B Capital Advisors, GanitScience, and South Asia Tech.
The valuation of Redbasil is $4.44M as of Apr 2023.
Redbasil operates through Red Basil Technologies Private Limited.
The legal entities of Redbasil currently have 2 directors, including Naman Dayal, Shivank Shukla.