About Riso Life
Riso Life is a Consumer company based in Mandya (India) founded in 2016, and was acquired by Sunpure in February 2023. Internet first brand of cooking oil, spices, sugar, and flour. The company has 565 employees. Its focus areas include Food and Agriculture, Food & Beverage Products, Grocery & Staples and Multi-category. Its competitors include Sweet Karam Coffee, Open Secret and Conscious Foods; 3 of its 3 listed competitors have raised funding.
Company details
Riso Life was founded in 2016 in Mandya, India, as an internet-first brand within the fast-moving consumer goods sector. Essential kitchen staples such as cooking oil, spices, sugar, and flour are distributed primarily through online platforms, with operations centered on the domain risolife.in. Products are targeted at Indian consumers seeking convenient access to basic pantry items, with logistics managed from the Mandya base.
- Headquarters Mandya, India
- Employees 565
- Stage Acquired
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website risolife.in
- Social Facebook
- Acquired by Sunpure (Feb 2023)
- Annual Revenue$358.19 M (USD)-10as on Mar 31, 2024
- Net Profit-$3.51 M (USD)-159as on Mar 31, 2024
- EBITDA$3.93 M (USD)-76as on Mar 31, 2024
- Investors
- Employee Count565
- Acquired bySunpure
(Feb 2023)
Associated legal entities of Riso Life
Riso Life is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Westfield Corp Llp CIN ABB-5473 | Active | 01 Jul 2022 | Mumbai, Maharashtra | ₹0.3 Cr | 3 | View details | |
| M K Agrotech Private Limited CIN U11100KA1995PTC018144 | Active | 26 Jun 1995 | Srirangapatna, Karnataka | ₹4,087 Cr | 565 | 6 | View details |
Investors in Riso Life
Riso Life has secured backing from 1 investor. Prominent investors backing the company include MK Agrotech.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Delivers comprehensive cooking oil solutions for consumers. | 1996 | sunpure.in | Mandya, India |
Investor details for Riso Life
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Board of directors of Riso Life
The boards of the 2 registered companies of Riso Life currently have 8 directors; the longest-serving is Salma Subhan, appointed in 1995. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Salma Subhan DIN 00275011 | Whole-time director | 26 Jun 1995 | 31 yrs 3 mo | M K Agrotech Private Limited |
| Subhan Khan DIN 00274973 | Managing Director | 26 Jun 1995 | 31 yrs 3 mo | M K Agrotech Private Limited |
| Mohammed Imran Khan DIN 00281147 | Whole-time director | 26 Jun 1998 | 28 yrs 3 mo | M K Agrotech Private Limited |
| Hannan Khan DIN 07013517 | Whole-time director | 10 Nov 2014 | 11 yrs 11 mo | M K Agrotech Private Limited |
| Mannan Khan DIN 07013523 | Whole-time director | 10 Nov 2014 | 11 yrs 11 mo | M K Agrotech Private Limited |
| Vinay Tarachand Chawla DIN 00763078 | Designated Partner | 01 Jul 2022 | 4 yrs 3 mo | Westfield Corp Llp |
| Tarachand Bodaram Chawla DIN 00763180 | Designated Partner | 01 Jul 2022 | 4 yrs 3 mo | Westfield Corp Llp |
| Jyoti Tarachand Chawla DIN 07952076 | Partner | 01 Jul 2022 | 4 yrs 3 mo | Westfield Corp Llp |
Financials of Riso Life
Figures of Westfield Corp Llp, the primary company behind Riso Life, for FY 2024. Revenue was ₹27.3 Lakh (+2388% year on year). Net profit was ₹2.1 Lakh (8% margin). EBITDA was -₹25.2 Lakh (-92% margin).
- ₹27.3 LakhRevenue · FY 2024 · +2388% YoY
- ₹2.1 LakhNet profit · 8% margin
- -₹25.2 LakhEBITDA · -92% margin
Balance sheet, profit and loss, cash flow and ratios of Westfield Corp Llp are on its company page.
Detailed financial statements for Riso Life
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Timeline of Riso Life
2 dated milestones of Riso Life across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Riso Life is founded.
- Exit Acquired by Sunpure.
Competitors of Riso Life
Riso Life has 3 listed competitors in our database, 3 of them funded. They include Sweet Karam Coffee, Open Secret and Conscious Foods.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sweetkaramcoffee.in | 2015 | Chennai, India | $13.22M | 123 | Dry snacks and coffee are manufactured and distributed. | |
| opensecret.in | 2019 | Mumbai, India | $14.18M | 85 | Healthy snacks and beverages are provided via an online platform. | |
| consciousfood.com | 1990 | Mumbai, India | $2.57M | 152 | Organic packaged foods are offered via an internet-first brand. |
Detailed competitors of Riso Life
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Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Riso Life (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering a subscription-based delivery service for fresh milk and groceries | 2015 | Gurugram, Haryana, India | USD 228.42 M | USD 99.78 M | 3,464 | |
Subscription-based coffee products are offered by an internet-first brand. | 2013 | Gurugram, Haryana, India | USD 112.84 M | USD 25.83 M | 2,059 | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 97.26 M | 2,828 |
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Related news about Riso Life
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Frequently Asked Questions about Riso Life
Riso Life was founded in 2016.
Riso Life is headquartered in Mandya, India. It is registered at Mandya, Karnataka, India.
Riso Life has 565 employees.
Annual revenue of Riso Life is $358.19M as on Mar 31, 2024.
Riso Life was founded in 2016 in Mandya, India, as an internet-first brand within the fast-moving consumer goods sector. Essential kitchen staples such as cooking oil, spices, sugar, and flour are distributed primarily through online platforms, with operations centered on the domain risolife.in. Products are targeted at Indian consumers seeking convenient access to basic pantry items, with logistics managed from the Mandya base.
Riso Life's top competitors include Sweet Karam Coffee, Open Secret and Conscious Foods.
Riso Life has 1 investor. Key investors include MK Agrotech.
Riso Life is associated with 2 legal entities: Westfield Corp Llp, M K Agrotech Private Limited.
Yes. Riso Life was acquired by Sunpure in February 2023.
The legal entities of Riso Life currently have 9 directors, including Vinay Tarachand Chawla, Tarachand Bodaram Chawla, Jyoti Tarachand Chawla and others.