About StoreKing
StoreKing is a company based in Bengaluru (India) founded in 2012 by Sridhar Gundaiah.. 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 as of March 27, 2024. StoreKing operates in a competitive market with competitors including Shiprocket, ShipBob, Dvara KGFS, Pay Point India and Pickrr, among others.
- Headquarter Bengaluru, India
- Employees 140 as on 27 Mar, 2024
- Founders Sridhar Gundaiah
- Stage Minicorn
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Sectors
RetailFinancial Services Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Localcube Commerce Private Limited
- Date of Incorporation 17 Apr, 2012
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$28.67 M (USD)20.28as on Mar 31, 2022
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Net Profit
$-3.27 M (USD)22.57as on Mar 31, 2022
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EBITDA
$-3.25 M (USD)23.42as on Mar 31, 2022
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Total Equity Funding
$50.84 M (USD)
in 16 rounds
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Latest Funding Round
$886.26 K (USD), Series C
May 19, 2024
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Investors
Axiata Group
& 2 more
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Employee Count
140
as on Mar 27, 2024
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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 Total Funding
- Total Rounds 16
- Last Round Series C — $886,257
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First Round
First Round
(01 Jun 2012)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series C - StoreKing | Valuation | Mangrove Capital Partners |
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| Nov, 2023 | Amount | Series C - StoreKing | Valuation | Mangrove Capital Partners |
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| May, 2023 | Amount | Series C - StoreKing | Valuation | Mangrove Capital Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are directed toward tech sectors.
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Founded Year | Domain | Location | |
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Proprietary breast pads for lactating mothers' breastfeeding issues are offered.
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Founded Year | Domain | Location | |
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Telecommunication services are provided by Axiata Group across Asia.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by StoreKing
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - StoreKing
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Storeking Comparisons
Competitors of StoreKing
StoreKing operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shiprocket, ShipBob, Dvara KGFS, Pay Point India and Pickrr, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
E-commerce tools for shipping, marketing, and financial services are provided.
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| domain | founded_year | HQ Location |
E-commerce fulfillment solutions are provided for direct-to-consumer brands.
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| domain | founded_year | HQ Location |
Loans for consumers and SMEs are provided alongside financial services.
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| domain | founded_year | HQ Location |
Digital financial and retail services are provided via agent networks.
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| domain | founded_year | HQ Location |
AI-based logistics solutions are provided for shipping and tracking.
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| domain | founded_year | HQ Location |
SaaS solutions for e-commerce and logistics operations are delivered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Storeking
Frequently Asked Questions about StoreKing
When was StoreKing founded?
StoreKing was founded in 2012.
Where is StoreKing located?
StoreKing is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of StoreKing?
Sridhar Gundaiah is the current CEO of StoreKing. They have also founded this company.
Is StoreKing a funded 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 C of $726.32K, raised on Jun 01, 2012.
How many employees does StoreKing have?
As of Mar 27, 2024, the latest employee count at StoreKing is 140.
What is the annual revenue of StoreKing?
Annual revenue of StoreKing is $28.67M as on Mar 31, 2022.
What does StoreKing do?
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.
Who are the top competitors of StoreKing?
StoreKing's top competitors include Shiprocket, ShipBob and Prozo.
Who are StoreKing's investors?
StoreKing has 3 investors. Key investors include Axiata Group, Silver Cap, and Mangrove Capital Partners.
What is StoreKing's valuation?
The valuation of StoreKing is $113.67M as of Feb 2021.
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