About ReshaMandi
ReshaMandi is a company based in Bengaluru (India) founded in 2020. It operates as a B2B. ReshaMandi has raised $48.41 million across 5 funding rounds from investors including LetsVenture, Z Nation Lab and Axilor Ventures. ReshaMandi operates in a competitive market with competitors including Fabrito, The Yarn Bazaar, XSTOK, Fabric Monde and TradeUNO, among others.
- Headquarter Bengaluru, India
- Stage Minicorn
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
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Social
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- Legal Name Shapos Services Private Limited
- Date of Incorporation 13 May, 2020
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$50.28 M (USD)1917.24as on Mar 31, 2022
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Net Profit
-$7.09 M (USD)-2635.04as on Mar 31, 2022
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EBITDA
-$6.73 M (USD)-2832.82as on Mar 31, 2022
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Total Equity Funding
$48.41 M (USD)
in 5 rounds
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Latest Funding Round
$5.6 M (USD), Series B
Jun 13, 2023
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Investors
LetsVenture
& 12 more
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Employee Count
Employee Count
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Funding Insights of ReshaMandi
ReshaMandi has successfully raised a total of $48.41M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $5.6 million completed in June 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 Total Funding
- Total Rounds 5
- Last Round Series B — $5.6M
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First Round
First Round
(08 Jan 2021)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series B - ReshaMandi | Valuation | Creation Investments | |
| Mar, 2022 | Amount | Series B - ReshaMandi | Valuation | Creation Investments , Stride Ventures | |
| Oct, 2021 | Amount | Series A - ReshaMandi | Valuation | Creation Investments , Z Nation Lab |
Investors in ReshaMandi
ReshaMandi has secured backing from 13 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include LetsVenture, Z Nation Lab and Axilor Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Impact investing in emerging markets through private equity and credit services.
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Founded Year | Domain | Location | |
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Startup accelerator
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Founded Year | Domain | Location | |
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A startup accelerator offering funding and support to early-stage companies.
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Founded Year | Domain | Location |
Investments & Acquisitions by ReshaMandi
Financial Statements - ReshaMandi
Reshamandi Comparisons
Competitors of ReshaMandi
ReshaMandi 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 Fabrito, The Yarn Bazaar, XSTOK, Fabric Monde and TradeUNO, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Fabrics are sourced and purchased via an online platform.
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| domain | founded_year | HQ Location |
Yarns are traded via an online B2B marketplace platform.
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| domain | founded_year | HQ Location |
Auction-based marketplace platform offering B2B textile
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| domain | founded_year | HQ Location |
Distributes high-quality handloom products to wholesale and retail markets.
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| domain | founded_year | HQ Location |
Online B2B marketplace for fabrics and readymade clothes is operated.
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Latest news on Reshamandi
Frequently Asked Questions about ReshaMandi
ReshaMandi was founded in 2020 and raised its 1st funding round 1 year after it was founded.
ReshaMandi is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
ReshaMandi is a funded company, having raised a total of $48.41M across 5 funding rounds to date. The company's 1st funding round was a Series A of $21.15M, raised on Jan 08, 2021.
Annual revenue of ReshaMandi is $50.28M as on Mar 31, 2022.
ReshaMandi, founded in 2020 in Bengaluru, India, focuses on engaging in retail operations, textiles, fabrics and materials, and silk products. Offers a platform specializing in silk-based textiles and fabrics. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
ReshaMandi's top competitors include Fabrito, Fabric Monde and The Yarn Bazaar.
ReshaMandi has 13 investors. Key investors include LetsVenture, Z Nation Lab, Axilor Ventures, 100Unicorns, and Creation Investments.
The valuation of ReshaMandi is $73.99M as of Jun 2023.