About ReshaMandi
ReshaMandi is an Industrial Goods & Manufacturing company based in Bengaluru (India) founded in 2020. It offers a platform specializing in silk-based textiles and fabrics. It operates on a B2B model. ReshaMandi has raised $48.41 million across 7 funding rounds from investors including LetsVenture, Z Nation Lab and Axilor Ventures. ReshaMandi was last valued at $73.99 million in June 2023. Its Indian entity Shapos Services Private Limited reported revenue of ₹416 Cr. Its focus areas include Retail, Textiles, Fabrics and Materials and Silk Products. Its competitors include Fabrito, The Yarn Bazaar, XSTOK, Fabric Monde and TradeUNO and 3 more; 5 of its 8 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Stage Minicorn
- SectorsIndustrial Goods & Manufacturing
- Website reshamandi.co
- Social X Facebook
- Legal Name Shapos Services Private Limited
- Date of Incorporation 13 May, 2020
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹416 Cr
FY 2022 · +1917% YoY
- Net Loss-₹58.62 Cr
FY 2022 · -14% margin
- EBITDA-₹53.84 Cr
FY 2022 · -13% margin
- Total Equity Funding$48.41M (USD)
in 7 rounds
- Latest Funding Round$5.6M (USD), Series B
Jun 2023
- InvestorsLetsVenture
& 14 more
Associated legal entities of ReshaMandi
ReshaMandi operates through Shapos Services Private Limited (under cirp). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shapos Services Private Limited CIN U74110KA2020PTC134121 | Under Cirp | 13 May 2020 | Bangalore, Karnataka | ₹416 Cr | 317 | 3 | View details |
Funding Insights of ReshaMandi
ReshaMandi has successfully raised a total of $48.41M across 7 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 $48.41M
- Total Rounds 7
- Last Round Series B — $5.6M
- Investors Count 15
| Date | Valuation | Stage |
|---|---|---|
| Jun 2023 | $73.99M | •••••••• |
| Mar 2022 | $163.69M | •••••••• |
| Jan 2021 | $••••• | •••••••• |
Full valuation and stage history of ReshaMandi
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Last known valuation $73.99M (Jun 2023). 15 investors in total: 11 institutional and 4 angel.
Investors in ReshaMandi
ReshaMandi has secured backing from 15 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 |
|---|---|---|---|---|
Impact investing in emerging markets through private equity and credit services. | 2007 | creationinvestments.com | Chicago, United States | |
Startup accelerator | 2016 | znationlab.com | Cupertino, United States | |
A startup accelerator offering funding and support to early-stage companies. | 2020 | 100unicorns.in | Mumbai, India | |
Agritech startups are funded by Omnivore, a venture capital entity. | – | omnivore.vc | Mumbai, India | |
Venture capital support is provided to seed and early-stage startups. | – | strive.vc | Minato City, Japan | |
Venture capital firm investing in early-stage startups in technology sectors. | 2014 | axilor.com | Bengaluru, India | |
Venture debt financing is extended to companies across multiple sectors. | 2008 | innovencapital.com | Mumbai, India | |
Venture debt is provided to growth-stage companies for business scaling. | – | strideventures.global | Delhi, India | |
- | – | alteriacapital.com | - | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India |
Investor details for ReshaMandi
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Board of directors of Shapos Services Private Limited (ReshaMandi)
Shapos Services Private Limited is the primary company behind ReshaMandi. The board of Shapos Services Private Limited currently have 3 directors; the longest-serving is Mayank Tiwari, appointed in 2020. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mayank Tiwari DIN 08741659 | Director | 13 May 2020 | 6 yrs 5 mo | Shapos Services Private Limited |
| Saurabh Kumar Agarwal DIN 06714761 | Director | 01 Jun 2020 | 6 yrs 4 mo | Shapos Services Private Limited |
| Ravindra Beleyur DIN 01847425 | IRP/RP/Liquidator | 25 Oct 2024 | 1 yr 11 mo | Shapos Services Private Limited |
Financials of ReshaMandi
Figures of Shapos Services Private Limited, the primary company behind ReshaMandi, for FY 2022. Revenue was ₹416 Cr (+1917% year on year). Net loss was -₹58.62 Cr (-14% margin). EBITDA was -₹53.84 Cr (-13% margin).
- ₹416 CrRevenue · FY 2022 · +1917% YoY
- -₹58.62 CrNet loss · -14% margin
- -₹53.84 CrEBITDA · -13% margin
- ₹6.1 LakhPaid-up capital
- 317Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Shapos Services Private Limited are on its company page.
Detailed financial statements for ReshaMandi
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Timeline of ReshaMandi
4 dated milestones of ReshaMandi across 3 years, from founding to its latest funding, stage changes and deals.
- Founded ReshaMandi is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $5.6M.
Competitors of ReshaMandi
ReshaMandi has 8 listed competitors in our database, 5 of them funded. They include Fabrito, The Yarn Bazaar, XSTOK, Fabric Monde and TradeUNO, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fabrito.in | 2022 | Gurugram, India | $447,934 | – | Fabrics are sourced and purchased via an online platform. | |
| theyarnbazaar.com | 2017 | Bengaluru, India | $1.96M | 10 | Yarns are traded via an online B2B marketplace platform. | |
| xstok.com | 2015 | Mumbai, India | $1.93M | – | Auction-based marketplace platform offering B2B textile | |
| fabricmonde.com | 2016 | Bengaluru, India | – | – | Distributes high-quality handloom products to wholesale and retail markets. | |
| tradeuno.com | 2015 | Gurugram, India | $155,211 | – | Online B2B marketplace for fabrics and readymade clothes is operated. | |
| beparr.com | 2021 | Surat, India | – | – | Operates an online platform for listing and selling finished fashion products. | |
| textileinfomedia.com | 2015 | Ahmedabad, India | – | 86 | Provides online B2B platform for textile suppliers and buyers to connect globally. | |
| slbanthia.com | 2006 | Surat, India | $3.2M | 28 | Polyester, nylon, printed, and luggage fabrics are manufactured and supplied. |
Detailed competitors of ReshaMandi
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Top companies in Textile & Yarn Production
10 companies that operate in the same segment as ReshaMandi (Textile & Yarn Production), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of regenerated nylon yarn and polymers for textiles and plastics | 1965 | Arco, Trentino-alto Adige, Italy | USD 171.28 M | USD 611.99 M | 2,490 | |
Bicycle manufacturing, sales, and accessory services in India. | 1956 | Gurugram, Haryana, India | – | USD 246.88 M | 2,472 | |
Fabrics, synthetic yarns, viscose, chemicals, and linen products are manufactured. | 1947 | Ujjain, Madhya Pradesh, India | – | USD 18.65 B | 47,020 | |
Home textile products are manufactured, retailed, and distributed globally. | 1985 | Bengaluru, Karnataka, India | – | USD 253.24 M | 8,060 | |
Yarns, threads, and craft accessories are manufactured by DMC. | 1746 | Edison, New Jersey, United States | – | – | – | |
Sustainable fabric materials are developed via microbial fermentation processes. | 2007 | Tsuruoka, Yamagata, Japan | USD 489.35 M | – | 81 | |
CIEL is a Mauritian conglomerate operating in multiple sectors. | 1912 | Ebene, Plaines Wilhems, Mauritius | USD 38.43 M | – | – | |
GHCL Textiles Limited is a leading manufacturer and supplier of yarns, including open-end yarns, ring-spun cotton yarns, blend ring-spun yarns, and... | 1927 | Noida, Uttar Pradesh, India | – | USD 139.52 M | 3,050 | |
Conglomerate having interest in Manufacturing, Finance, Fashion and Telecom. | 1956 | Mumbai, Maharashtra, India | – | USD 15.45 B | 23,055 | |
Industrial thread is manufactured by Coats for global industries. | 1755 | Uxbridge, Greater London, United Kingdom | – | USD 1.49 B | – |
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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 7 funding rounds to date.
The primary company behind ReshaMandi, Shapos Services Private Limited, reported revenue of ₹416 Cr for FY 2022, up 1917% year on year.
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 15 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.
ReshaMandi operates through Shapos Services Private Limited.
The legal entities of ReshaMandi currently have 3 directors, including Ravindra Beleyur, Mayank Tiwari, Saurabh Kumar Agarwal.