About Sorterz
Sorterz is a Business Services company based in Bengaluru (India) founded in 2021. A laundry startup offering convenient pick-up services for residential and healthcare needs. It operates on a B2C model. Sorterz has raised $527.06 thousand across 2 funding rounds. The company has 10 employees. Its Indian entity Daily Needs Venture Private Limited reported revenue of ₹3.37 Cr. Its focus areas include Services, Laundry Services, On-Demand Laundry and Pick-Up Services. Its competitors include QUICKCLEAN, Revivo and Vashkleen Laundry Services; 1 of its 3 listed competitors has raised funding.
Company details
Sorterz, established in 2021, excels in providing essential services, laundry services, on-demand laundry, and pick-up services. A laundry startup offering convenient pick-up services for residential and healthcare needs. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Bengaluru, India
- Employees 10
- SectorsBusiness Services
- Email••••••••
- Phone•••• ••••
- Website sorterz.in
- Social LinkedIn Facebook Instagram
- Legal Name Daily Needs Venture Private Limited
- Date of Incorporation 01 Jun, 2021
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹3.37 Cr
FY 2024 · -9% YoY
- Net Loss-₹1.41 Cr
FY 2024 · -42% margin
- EBITDA-₹75 Lakh
FY 2024 · -22% margin
- Total Equity Funding$527.06K (USD)
in 2 rounds
- Latest Funding Round$117.03K (USD), Angel Round
Jul 2024
- Employee Count10
Associated legal entities of Sorterz
Sorterz operates through Daily Needs Venture 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 |
|---|---|---|---|---|---|---|---|
| Daily Needs Venture Private Limited CIN U93010KA2021PTC148000 | Active | 01 Jun 2021 | Bengaluru, Karnataka | ₹3.4 Cr | 10 | 3 | View details |
Funding Insights of Sorterz
Sorterz has successfully raised a total of $527.06K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $117.03 thousand completed in July 2024. 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 $527,063
- Total Rounds 2
- Last Round Angel Round — $117,026
- First Round $410,037
(Aug 2022)
All 2 funding rounds of Sorterz 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 |
|---|---|---|---|---|---|
| Jul 2024 | $117,026 | Angel Round | – | – | – |
| Aug 2022 | $410,037 | Angel Round | – | – | – |
Board of directors of Daily Needs Venture Private Limited (Sorterz)
Daily Needs Venture Private Limited is the primary company behind Sorterz. The board of Daily Needs Venture Private Limited currently have 3 directors; the longest-serving is Vinay Kumar Reddy Mandadi, appointed in 2021. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vinay Kumar Reddy Mandadi DIN 09380052 | Director | 28 Oct 2021 | 5 yrs | Daily Needs Venture Private Limited |
| Prakash Gudnavar Veerabhadra DIN 07538374 | Director | 01 Feb 2024 | 2 yrs 8 mo | Daily Needs Venture Private Limited |
| Vibha Shetty DIN 00869500 | Director | 01 Feb 2024 | 2 yrs 8 mo | Daily Needs Venture Private Limited |
Financials of Sorterz
Figures of Daily Needs Venture Private Limited, the primary company behind Sorterz, for FY 2024. Revenue was ₹3.37 Cr (-9% year on year). Net loss was -₹1.41 Cr (-42% margin). EBITDA was -₹75 Lakh (-22% margin).
- ₹3.37 CrRevenue · FY 2024 · -9% YoY
- -₹1.41 CrNet loss · -42% margin
- -₹75 LakhEBITDA · -22% margin
- ₹2.9 LakhPaid-up capital
- 10Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Daily Needs Venture Private Limited are on its company page.
Detailed financial statements for Sorterz
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 Sorterz
3 dated milestones of Sorterz across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Sorterz is founded.
- Funding First funding round of $410K.
- Funding Latest funding round, Angel Round, of $117K.
Competitors of Sorterz
Sorterz has 3 listed competitors in our database, 1 of them funded. They include QUICKCLEAN, Revivo and Vashkleen Laundry Services.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| quickclean.co.in | 2009 | Gurugram, India | $5.96M | On-premise laundry solutions are provided for hotels and hospitals. | ||
| revivo.in | 2022 | Gurugram, India | 17 | Laundry and dry cleaning services are provided by Revivo in India. | ||
| vashkleen.com | 2010 | Bengaluru, India | 144 | Provides scientific laundry services to households and institutions using advanced technology. |
Detailed competitors of Sorterz
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Parking Services
2 companies that operate in the same segment as Sorterz (Parking Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based platform providing a real-time parking marketplace for consumers and businesses. | 2015 | Bengaluru, Karnataka, India | USD 135.41 K | USD 76.2 K | ||
Delivers smart parking solutions for efficient urban management. | 2003 | Bengaluru, Karnataka, India | USD 6.46 M | USD 1.93 M | 228 |
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Frequently Asked Questions about Sorterz
Sorterz was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Sorterz is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sorterz is a funded company, having raised a total of $527.06K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $410.04K, raised on Aug 2022.
Sorterz has 10 employees.
The primary company behind Sorterz, Daily Needs Venture Private Limited, reported revenue of ₹3.37 Cr for FY 2024, down 9% year on year.
Sorterz, established in 2021, excels in providing essential services, laundry services, on-demand laundry, and pick-up services. A laundry startup offering convenient pick-up services for residential and healthcare needs. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Sorterz's top competitors include QUICKCLEAN, Revivo and Vashkleen Laundry Services.
Sorterz operates through Daily Needs Venture Private Limited.
The legal entities of Sorterz currently have 3 directors, including Prakash Gudnavar Veerabhadra, Vinay Kumar Reddy Mandadi, Vibha Shetty.