About StoreKing
StoreKing is a Retail company based in Bengaluru (India) founded in 2012 by Sridhar Gundaiah. Online supermarket services are provided to small-town retailers. It operates in the Retail, Financial Services, and Transportation, Automotive & Logistics sectors. StoreKing has raised $50.84 million across 16 funding rounds from investors including Axiata Group, Silver Cap and Mangrove Capital Partners. The company has 140 employees. StoreKing was last valued at $113.67 million in February 2021. Its chief executive, as recorded, is Sridhar Gundaiah. Its Indian entity Localcube Commerce Private Limited reported revenue of ₹361 Cr. Its focus areas include FinTech, Banking Tech, Correspondent Banking and Rural Ecommerce. Its competitors include Shiprocket, Dvara KGFS and Pay Point India; 3 of its 3 listed competitors have raised funding.
Company details
StoreKing was founded in 2012 in Bengaluru, India, as a provider of online supermarket platforms tailored for small-town kirana stores. Inventory management tools are offered, along with direct sourcing from brands and home delivery capabilities. Quick registration and minimal setup are enabled, allowing retailers to utilize existing infrastructure for digital operations. Rewards are earned through a loyalty program, supporting competition in the retail sector.
- Headquarters Bengaluru, India
- Employees 140
- Founders Sridhar Gundaiah
- Stage Minicorn
- SectorsRetailFinancial Services Transportation, Automotive & Logistics
- Email••••••••
- Website storeking.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Localcube Commerce Private Limited
- Date of Incorporation 17 Apr, 2012
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹361 Cr
FY 2025 · +45% YoY
- Net Loss-₹14.19 Cr
FY 2025 · -4% margin
- EBITDA-₹12.05 Cr
FY 2025 · -3% margin
- Total Equity Funding$50.84M (USD)
in 16 rounds
- Latest Funding Round$886.26K (USD), Series C
May 2024
- InvestorsAxiata Group
& 2 more
- Employee Count140
Associated legal entities of StoreKing
StoreKing operates through Localcube Commerce Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Localcube Commerce Private Limited CIN U51909KA2012PTC063576 | Active | 17 Apr 2012 | Bangalore, Karnataka | ₹361 Cr | 140 | 3 | View details |
Apps and channels of StoreKing
StoreKing publishes 1 mobile app with over 100K+ downloads; its YouTube channel StoreKing India has 2.63K subscribers and 30 videos.
Videos from StoreKing
The most watched videos on StoreKing's YouTube channel, StoreKing India (2.63K subscribers). Click a video to play it here.
More on StoreKing India.
Funding Insights of StoreKing
StoreKing has successfully raised a total of $50.84M across 16 strategic funding rounds. The most recent funding activity was a Series C round of $886.26 thousand completed in May 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 $50.84M
- Total Rounds 16
- Last Round Series C — $886,257
- First Round $476,573
(Jun 2012)
- Investors Count 3
Latest 10 of 16 funding rounds of StoreKing 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 |
|---|---|---|---|---|---|
| May 2024 | $886,257 | Series C | – | Mangrove Capital Partners | – |
| Nov 2023 | $1.06M | Series C | – | Mangrove Capital Partners | – |
| May 2023 | $726,322 | Series C | – | Mangrove Capital Partners | – |
| Nov 2022 | $1.54M | Series C | – | Mangrove Capital Partners | – |
| May 2022 | $989,516 | Series C | – | Mangrove Capital Partners | – |
| Oct 2021 | $1.02M | Series C | – | Mangrove Capital Partners | – |
| Feb 2021 | $10.35M | Series B | $113.67M | Mangrove Capital Partners, Silver Cap | – |
| Dec 2019 | $4.49M | Series B | $111.75M | – | – |
| Oct 2019 | $2.49M | Series B | $••••• | – | – |
| Apr 2019 | $4.98M | Series B | $••••• | Silver Cap | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2021 | $113.67M | •••••••• |
| Dec 2019 | $111.75M | •••••••• |
| Oct 2019 | $••••• | •••••••• |
| Apr 2019 | $••••• | •••••••• |
| May 2017 | $••••• | •••••••• |
| May 2016 | $••••• | •••••••• |
| Jan 2015 | $••••• | •••••••• |
| Mar 2014 | $••••• | •••••••• |
Full valuation and stage history of StoreKing
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $113.67M (Feb 2021). 3 investors in total: 3 institutional.
Investors in StoreKing
StoreKing has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Axiata Group, Silver Cap and Mangrove Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are directed toward tech sectors. | mangrove.vc | Luxembourg, Luxembourg | ||
Proprietary breast pads for lactating mothers' breastfeeding issues are offered. | silver-cap.de | Berlin, Germany | ||
Telecommunication services are provided by Axiata Group across Asia. | 1992 | axiata.com | Kuala Lumpur, Malaysia |
Investor details for StoreKing
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Localcube Commerce Private Limited (StoreKing)
Localcube Commerce Private Limited is the primary company behind StoreKing. The board of Localcube Commerce Private Limited currently have 3 directors; the longest-serving is Sridhar Gundaiah, appointed in 2012. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sridhar Gundaiah DIN 01485187 | Director | 17 Apr 2012 | 14 yrs 6 mo | Localcube Commerce Private Limited |
| Hans Jurgen Schmitz DIN 05289671 | Director | 01 Jun 2012 | 14 yrs 4 mo | Localcube Commerce Private Limited |
| Gautam Saxena DIN 08576933 | Nominee Director | 17 Mar 2020 | 6 yrs 7 mo | Localcube Commerce Private Limited |
People of StoreKing
21 people are tracked at StoreKing (4 in leadership, 17 in team); the tracked headcount is 140.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Vinoo Mathew Varghese | Director - Sales and Business Excellence | Leadership |
dronacharya dutta | Vice President - Marketing | Leadership |
Aswin Kumar | Senior Analyst - CEO's Office - Growth & Strategy | Leadership |
Milan Shah | Rural cluster manager | Team |
Subhasish Behera | Assistant Manager-growth & Strategy | Team |
Manjunath Paramesh | Logistics Manager | Team |
R Manjunath | UI/UX Lead | Team |
Hara Prasad Panda | Category Manager - FMCG | Team |
Prashanth Jeyaraman | Assistant Manager | Team |
Nandeesh N | Regional Manager- Buisenes development | Team |
SHAIK CHANBASHA | Divisional Manager | Team |
Shakir Husain | Assistant Warehouse Manager | Team |
Subhash Rathore | Assistant Manager | Team |
Jatin Anand | Business Manager | Team |
Ayush sharma | Area Sales Manager | Team |
Blesson Sunny | Team Lead Operation - RE | Team |
Mahammad Sadik | Rural Sales Officer | Team |
Nagesh hosamani | Assistant Marketing Manager | Team |
Sharath M A | Business Manager - Trade Marketing | Team |
1 more people are available in the full profile.
Complete people profiles for StoreKing
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Financials of StoreKing
Figures of Localcube Commerce Private Limited, the primary company behind StoreKing, for FY 2025. Revenue was ₹361 Cr (+45% year on year). Net loss was -₹14.19 Cr (-4% margin). EBITDA was -₹12.05 Cr (-3% margin). Revenue has grown at a compounded annual rate of +15% over three years and +4% over five years.
- ₹361 CrRevenue · FY 2025 · +45% YoY
- -₹14.19 CrNet loss · -4% margin
- -₹12.05 CrEBITDA · -3% margin
- ₹3.7 LakhPaid-up capital
- 140Employees (provident fund records)
- +15%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Localcube Commerce Private Limited are on its company page.
Detailed financial statements for StoreKing
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
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Timeline of StoreKing
4 dated milestones of StoreKing across 12 years, from founding to its latest funding, stage changes and deals.
- Founded StoreKing is founded.
- Funding First funding round of $477K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $886K.
Competitors of StoreKing
StoreKing has 3 listed competitors in our database, 3 of them funded. They include Shiprocket, Dvara KGFS and Pay Point India.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| shiprocket.in | 2012 | Gurugram, India | $321.57M | 2,607 | E-commerce tools for shipping, marketing, and financial services are provided. | |
| dvarakgfs.com | 2008 | Chennai, India | $43.71M | 4,134 | Loans for consumers and SMEs are provided alongside financial services. | |
| paypointindia.com | 2007 | Mumbai, India | $7.74M | 346 | Digital financial and retail services are provided via agent networks. |
Detailed competitors of StoreKing
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of StoreKing
The website of StoreKing (storeking.in) receives about 3.6K visits a month.
- Monthly visits3.6K
▲ 10.8% vs previous month
Top companies in Food & Grocery Retail
3 companies that operate in the same segment as StoreKing (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 3.62 B | USD 2.46 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 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | 11,913 |
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Related news about Storeking
Complete news archive for StoreKing
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Frequently Asked Questions about StoreKing
StoreKing was founded in 2012.
StoreKing is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sridhar Gundaiah is the CEO of StoreKing, as recorded in our data. They have also founded this company.
StoreKing is a funded company, having raised a total of $50.84M across 16 funding rounds to date. The company's 1st funding round was a Series B of $4.98M, raised on Jun 2012.
StoreKing has 140 employees.
The primary company behind StoreKing, Localcube Commerce Private Limited, reported revenue of ₹361 Cr for FY 2025, up 45% year on year.
StoreKing was founded in 2012 in Bengaluru, India, as a provider of online supermarket platforms tailored for small-town kirana stores. Inventory management tools are offered, along with direct sourcing from brands and home delivery capabilities. Quick registration and minimal setup are enabled, allowing retailers to utilize existing infrastructure for digital operations. Rewards are earned through a loyalty program, supporting competition in the retail sector.
StoreKing's top competitors include Shiprocket, Pay Point India and Dvara KGFS.
StoreKing has 3 investors. Key investors include Axiata Group, Silver Cap, and Mangrove Capital Partners.
The valuation of StoreKing is $113.67M as of Feb 2021.
StoreKing operates through Localcube Commerce Private Limited.
The legal entities of StoreKing currently have 3 directors, including Sridhar Gundaiah, Gautam Saxena, Hans Jurgen Schmitz.