About Ruralbasket
Ruralbasket is a Retail company based in Tirunelveli (India) founded in 2018 by Issac Devaraj. Online platform delivery grocery items from farm to home. Ruralbasket has raised $67.7 thousand across 1 funding round from investors including Nativelead. Its Indian entity Lapsina Technology Private Limited reported revenue of ₹13.4 Lakh. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Multi Category. Its competitors include JoybyNature, TrulyDesi and Kedia Organic Agro Product; 2 of its 3 listed competitors have raised funding.
Company details
Ruralbasket was founded in 2018 in Tirunelveli, India, operating as an e-commerce platform in the grocery sector. Items such as rice, dals, millets, spices, oils, sweets, snacks, and organic products are sourced directly from farmers and delivered to customers homes. Additional categories include beauty and personal care items, books, and accessories. Services provided encompass order tracking and online payment options.
- Headquarters Tirunelveli, India
- Founders Issac Devaraj
- SectorsRetail
- Website ruralbasket.com
- Social X Facebook
- Legal Name Lapsina Technology Private Limited
- Date of Incorporation 27 Jun, 2017
- Jurisdiction Ambasamudram, Tamil Nadu, India
- Annual Revenue₹13.4 Lakh
FY 2019 · +11607% YoY
- Net Profit₹2.1 Lakh
FY 2019 · 16% margin
- EBITDA₹1.9 Lakh
FY 2019 · 14% margin
- Total Equity Funding$67.7K (USD)
in 1 rounds
- Latest Funding Round$67.7K (USD), Series A
Dec 2020
- Investors
Associated legal entities of Ruralbasket
Ruralbasket operates through Lapsina Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Lapsina Technology Private Limited CIN U52100TN2017PTC117287 | Active | 27 Jun 2017 | Ambasamudram, Tamil Nadu | ₹0.1 Cr | 3 | View details |
Funding Insights of Ruralbasket
Ruralbasket has successfully raised a total of $67.7K through 1 strategic funding round. The most recent funding activity was a Series A round of $67.7 thousand completed in December 2020. 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 $67,702
- Total Rounds 1
- Last Round Series A — $67,702
- First Round $67,702
(Dec 2020)
- Investors Count 1
All 1 funding rounds of Ruralbasket 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 |
|---|---|---|---|---|---|
| Dec 2020 | $67,702 | Series A | – | Nativelead | – |
1 investors in total: 1 institutional.
Investors in Ruralbasket
Ruralbasket has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Nativelead.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
An online fundraising platform for location-based native users and entrepreneurs. | 2012 | nativelead.org | Madurai, India |
Investor details for Ruralbasket
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Board of directors of Lapsina Technology Private Limited (Ruralbasket)
Lapsina Technology Private Limited is the primary company behind Ruralbasket. The board of Lapsina Technology Private Limited currently have 3 directors; the longest-serving is Palanirajan Velayutham, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Palanirajan Velayutham DIN 07862492 | Director | 27 Jun 2017 | 9 yrs 4 mo | Lapsina Technology Private Limited |
| Issac Arulraj Devaraj DIN 08645081 | Director | 27 Sep 2019 | 7 yrs 1 mo | Lapsina Technology Private Limited |
| Vijayan Subramanian DIN 05130998 | Additional Director | 28 Apr 2021 | 5 yrs 6 mo | Lapsina Technology Private Limited |
People of Ruralbasket
1 people are tracked at Ruralbasket (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership |
Complete people profiles for Ruralbasket
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Financials of Ruralbasket
Figures of Lapsina Technology Private Limited, the primary company behind Ruralbasket, for FY 2019. Revenue was ₹13.4 Lakh (+11607% year on year). Net profit was ₹2.1 Lakh (16% margin). EBITDA was ₹1.9 Lakh (14% margin).
- ₹13.4 LakhRevenue · FY 2019 · +11607% YoY
- ₹2.1 LakhNet profit · 16% margin
- ₹1.9 LakhEBITDA · 14% margin
- ₹7.6 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Lapsina Technology Private Limited are on its company page.
Detailed financial statements for Ruralbasket
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Timeline of Ruralbasket
2 dated milestones of Ruralbasket across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Ruralbasket is founded.
- Funding First funding round of $68K.
Competitors of Ruralbasket
Ruralbasket has 3 listed competitors in our database, 2 of them funded. They include JoybyNature, TrulyDesi and Kedia Organic Agro Product.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| joybynature.com | 2013 | Delhi, India | $1M | 22 | Organic and natural lifestyle products are retailed online. | |
| trulydesi.in | 2018 | Pune, India | $239,083 | Farm-fresh Gir cow milk and dairy products are provided. | ||
| kediaorganic.com | 1990 | Kalyan, India | Sells organic groceries, oils, dairy, and farm-fresh products online. |
Detailed competitors of Ruralbasket
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Top companies in Food & Grocery Retail
3 companies that operate in the same segment as Ruralbasket (Food & Grocery Retail) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Quick-commerce platform delivering groceries, household essentials and other everyday products in India. | 2013 | Gurugram, Haryana, India | USD 757.12 M | 11,913 |
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Related news about Ruralbasket
Complete news archive for Ruralbasket
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Frequently Asked Questions about Ruralbasket
Ruralbasket was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Ruralbasket is headquartered in Tirunelveli, India. It is registered at Tirunelveli, Tamil Nadu, India.
Ruralbasket is a funded company, having raised a total of $67.7K across 1 funding round to date. The company's 1st funding round was a Series A of $67.7K, raised on Dec 2020.
The primary company behind Ruralbasket, Lapsina Technology Private Limited, reported revenue of ₹13.4 Lakh for FY 2019, up 11607% year on year.
Ruralbasket was founded in 2018 in Tirunelveli, India, operating as an e-commerce platform in the grocery sector. Items such as rice, dals, millets, spices, oils, sweets, snacks, and organic products are sourced directly from farmers and delivered to customers homes. Additional categories include beauty and personal care items, books, and accessories. Services provided encompass order tracking and online payment options.
Ruralbasket's top competitors include JoybyNature, TrulyDesi and Kedia Organic Agro Product.
Ruralbasket has 1 investor. Key investors include Nativelead.
Ruralbasket operates through Lapsina Technology Private Limited.
The legal entities of Ruralbasket currently have 3 directors, including Palanirajan Velayutham, Vijayan Subramanian, Issac Arulraj Devaraj.