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
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- 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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People of StoreKing
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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.
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.
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Venture capital investments are directed toward tech sectors.
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Proprietary breast pads for lactating mothers' breastfeeding issues are offered.
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Telecommunication services are provided by Axiata Group across Asia.
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Investor details for StoreKing
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Investments & Acquisitions by StoreKing
Investment portfolio details for StoreKing
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Financial Statements - StoreKing
Detailed financials for StoreKing
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Storeking Comparisons
Peer comparison for StoreKing
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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.
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E-commerce tools for shipping, marketing, and financial services are provided.
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E-commerce fulfillment solutions are provided for direct-to-consumer brands.
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Loans for consumers and SMEs are provided alongside financial services.
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Digital financial and retail services are provided via agent networks.
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AI-based logistics solutions are provided for shipping and tracking.
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SaaS solutions for e-commerce and logistics operations are delivered.
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Detailed competitors of StoreKing
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Latest news on 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 current CEO of StoreKing. They have also founded this company.
StoreKing is a funded company, having raised a total of $50.84M across 16 funding rounds to date.
As of Mar 27, 2024, the latest employee count at StoreKing is 140.
Annual revenue of StoreKing is $28.67M as on Mar 31, 2022.
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, ShipBob and Prozo.
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.