About StoreMore
StoreMore is a Transportation, Automotive & Logistics company based in Delhi (India) founded in 2010. Warehouse management systems are provided for business inventory tracking. It operates in the Transportation, Automotive & Logistics and Business Services sectors. StoreMore has raised $717.01 thousand across 4 funding rounds from investors including Waveform Venture, Burman Family Holdings and Bedrock Ventures. The company has 3 employees. StoreMore was last valued at $29.96 million in February 2018. Its Indian entity Storemore Storage Solutions Private Limited reported revenue of ₹49.7 Lakh. Its focus areas include Consumer, Logistics Tech, Warehousing and On Demand Warehousing. Its competitors include BoxMySpace, Xtended Space and Warehouse Now; 2 of its 3 listed competitors have raised funding.
Company details
StoreMore was founded in 2010 in Delhi, India, within the logistics and supply chain sector. Warehouse management solutions are delivered to businesses, encompassing storage for chemicals, furniture, and household items. Real-time inventory movement tracking is facilitated through the system, allowing customers to oversee operations efficiently. Services are tailored to support various goods types across the Indian market.
- Headquarters Delhi, India
- Employees 3
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsBusiness Services
- Email••••••••
- Phone•••• ••••
- Website storemore.in
- Social LinkedIn X Facebook
- Legal Name Storemore Storage Solutions Private Limited
- Date of Incorporation 25 Mar, 2014
- Jurisdiction Delhi, India
- Annual Revenue₹49.7 Lakh
FY 2024 · -26% YoY
- Net Loss-₹36.8 Lakh
FY 2024 · -74% margin
- EBITDA-₹11.9 Lakh
FY 2024 · -24% margin
- Total Equity Funding$717.01K (USD)
in 4 rounds
- Latest Funding Round$219K (USD), Seed
Feb 2018
- InvestorsWaveform Venture
& 3 more
- Employee Count3
Associated legal entities of StoreMore
StoreMore operates through Storemore Storage Solutions 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 |
|---|---|---|---|---|---|---|---|
| Storemore Storage Solutions Private Limited CIN U74900DL2014PTC266915 | Active | 25 Mar 2014 | Delhi, Delhi | ₹0.5 Cr | 3 | 2 | View details |
Funding Insights of StoreMore
StoreMore has successfully raised a total of $717.01K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $219 thousand completed in February 2018. 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 $717,013
- Total Rounds 4
- Last Round Seed — $218,999
- First Round $358,675
(Nov 2014)
- Investors Count 4
All 4 funding rounds of StoreMore 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 |
|---|---|---|---|---|---|
| Feb 2018 | $218,999 | Seed | $29.96M | – | |
| Jun 2017 | $139,339 | Seed | $185,509 | – | |
| Aug 2015 | Seed | – | Bedrock Ventures | – | |
| Nov 2014 | $358,675 | Seed | $••••• | Bedrock Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2018 | $29.96M | •••••••• |
| Nov 2014 | $1.11M | •••••••• |
Last known valuation $29.96M (Feb 2018). 4 investors in total: 3 institutional and 1 angel.
Investors in StoreMore
StoreMore has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Waveform Venture, Burman Family Holdings and Bedrock Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are invested in by sector-agnostic VC fund. | bedrockventures.in | Noida, India | ||
Strategic investment platform focusing on long-term investments in early-stage companies across key sectors. | 1995 | burmanfh.com | Delhi, India | |
Venture capital firm investing in early stage startups | waveform.vc | Gurugram, India | ||
AT Arun Tadanki | Angel investor, ex-CEO of Yahoo India, mentor to startups | unknown_dfaf5580243447ad8 |
Investor details for StoreMore
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Storemore Storage Solutions Private Limited (StoreMore)
Storemore Storage Solutions Private Limited is the primary company behind StoreMore. The board of Storemore Storage Solutions Private Limited currently have 2 directors; the longest-serving is Vivek Bihani, appointed in 2014. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vivek Bihani DIN 00014296 | Nominee Director | 28 Nov 2014 | 11 yrs 10 mo | Storemore Storage Solutions Private Limited |
| Rajni DIN 10864874 | Director | 20 Dec 2024 | 1 yr 10 mo | Storemore Storage Solutions Private Limited |
Financials of StoreMore
Figures of Storemore Storage Solutions Private Limited, the primary company behind StoreMore, for FY 2024. Revenue was ₹49.7 Lakh (-26% year on year). Net loss was -₹36.8 Lakh (-74% margin). EBITDA was -₹11.9 Lakh (-24% margin). Revenue has grown at a compounded annual rate of -29% over three years and -23% over five years.
- ₹49.7 LakhRevenue · FY 2024 · -26% YoY
- -₹36.8 LakhNet loss · -74% margin
- -₹11.9 LakhEBITDA · -24% margin
- ₹2.68 CrPaid-up capital
- 3Employees (provident fund records)
- -29%Revenue CAGR, 3 years
- -23%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Storemore Storage Solutions Private Limited are on its company page.
Detailed financial statements for StoreMore
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 StoreMore
4 dated milestones of StoreMore across 8 years, from founding to its latest funding, stage changes and deals.
- Founded StoreMore is founded.
- Funding First funding round of $359K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $219K.
Competitors of StoreMore
StoreMore has 3 listed competitors in our database, 2 of them funded. They include BoxMySpace, Xtended Space and Warehouse Now.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| boxmyspace.com | 2014 | Mumbai, India | $884,506 | Tech-enabled on-demand warehousing and end-to-end logistics solutions are provided. | ||
| xtendedspace.com | 2022 | Noida, India | 46 | A P2P online marketplace for booking storage spaces is operated. | ||
| warehousenow.in | 2019 | Bengaluru, India | $1M | 143 | On-demand warehousing and supply chain solutions are offered flexibly. |
Detailed competitors of StoreMore
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.
Web traffic of StoreMore
Websites that share an audience with StoreMore (storemore.in).
Websites whose visitors overlap most with StoreMore. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| adityabirla.com | 100% | 425.1K | #109,200 | View details |
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as StoreMore (Logistics Technology & Platforms) 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 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.25 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Related news about Storemore
Complete news archive for StoreMore
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Frequently Asked Questions about StoreMore
StoreMore was founded in 2010 and raised its 1st funding round 4 years after it was founded.
StoreMore is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
StoreMore is a funded company, having raised a total of $717.01K across 4 funding rounds to date. The company's 1st funding round was a Seed of $358.68K, raised on Nov 2014.
StoreMore has 3 employees.
The primary company behind StoreMore, Storemore Storage Solutions Private Limited, reported revenue of ₹49.7 Lakh for FY 2024, down 26% year on year.
StoreMore was founded in 2010 in Delhi, India, within the logistics and supply chain sector. Warehouse management solutions are delivered to businesses, encompassing storage for chemicals, furniture, and household items. Real-time inventory movement tracking is facilitated through the system, allowing customers to oversee operations efficiently. Services are tailored to support various goods types across the Indian market.
StoreMore's top competitors include BoxMySpace, Warehouse Now and Xtended Space.
StoreMore has 4 investors. Key investors include Waveform Venture, Burman Family Holdings, Bedrock Ventures, and Arun Tadanki.
The valuation of StoreMore is $29.96M as of Feb 2018.
StoreMore operates through Storemore Storage Solutions Private Limited.
The legal entities of StoreMore currently have 2 directors, including Vivek Bihani, Rajni.