About StowNest
StowNest is a company based in Bengaluru (India) founded in 2018 by Sudhindra Subbarao, Srinivasa Murthy, Amieth Kumar, and Ramesh Chincholi. StowNest has raised $152.24 thousand across 3 funding rounds from investors including Y Combinator, Venkatesh Natarajan and Nagaraja Subba Rao. The company has 51 employees as of April 07, 2024. StowNest offers products and services including Household Storage, Business Storage, Luggage Storage, and Moving Services. StowNest operates in a competitive market with competitors including Store My Goods, BoxMySpace, Xtended Space, Warehouse Now and Godamwale, among others.
- Headquarter Bengaluru, India
- Employees 51 as on 07 Apr, 2024
- Founders Sudhindra Subbarao, Srinivasa Murthy, Amieth Kumar, Ramesh Chincholi
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsBusiness Services
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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 Stownest Technologies Private Limited
- Date of Incorporation 14 Mar, 2019
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$2.39 M (USD)10.04as on Mar 31, 2023
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Net Profit
-$446.75 K (USD)-727.48as on Mar 31, 2023
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EBITDA
-$186.9 K (USD)-259.64as on Mar 31, 2023
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Total Equity Funding
$152.24 K (USD)
in 3 rounds
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Latest Funding Round
$125 K (USD), Seed
Sep 01, 2021
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Investors
Y Combinator
& 7 more
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Employee Count
51
as on Apr 07, 2024
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Products & Services of StowNest
StowNest offers a comprehensive portfolio of products and services, including Household Storage, Business Storage, Luggage Storage, and Moving Services.
Service for storing household items with pickup and secure delivery.
Storage solutions for business items with flexible plans and security.
On-demand storage for luggage with easy pickup and return options.
Assistance with packing, moving, and storage during relocations.
People of StowNest
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Funding Insights of StowNest
StowNest has successfully raised a total of $152.24K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $125 thousand completed in September 2021. 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 3
- Last Round Seed — $125,000
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Seed - StowNest | Valuation | Y Combinator |
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| Oct, 2020 | Amount | Angel Round - StowNest | Valuation | Venkatesh Natarajan , Nagaraja Subba Rao |
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| Apr, 2020 | Amount | Angel Round - StowNest | Valuation | Santhosh Nagaraj , Santhosh Nagaraj |
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Investors in StowNest
StowNest has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Y Combinator, Venkatesh Natarajan and Nagaraja Subba Rao.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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VN
Venkatesh Natarajan |
Angel investor, ex-Intel, focused on tech startups in India
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Founded Year | Domain | Location |
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NS
Nagaraja Subba Rao |
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Founded Year | Domain | Location |
Investments & Acquisitions by StowNest
Financial Statements - StowNest
Stownest Comparisons
Competitors of StowNest
StowNest 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 Store My Goods, BoxMySpace, Xtended Space, Warehouse Now and Godamwale, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of secure, tech-enabled household and business storage solutions
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| domain | founded_year | HQ Location |
Tech-enabled on-demand warehousing and end-to-end logistics solutions are provided.
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| domain | founded_year | HQ Location |
A P2P online marketplace for booking storage spaces is operated.
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| domain | founded_year | HQ Location |
On-demand warehousing and supply chain solutions are offered flexibly.
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| domain | founded_year | HQ Location |
SaaS-based on-demand warehousing and fulfillment service provider
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Frequently Asked Questions about StowNest
StowNest was founded in 2018 and raised its 1st funding round 2 years after it was founded.
StowNest is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sudhindra Subbarao is the current CEO of StowNest. They have also founded this company.
StowNest is a funded company, having raised a total of $152.24K across 3 funding rounds to date.
As of Apr 07, 2024, the latest employee count at StowNest is 51.
Annual revenue of StowNest is $2.39M as on Mar 31, 2023.
StowNest was founded in 2018 in Bengaluru, India, and operates in the self-storage and moving sector. Full-service solutions for personal and business needs are provided, including pickup, secure storage, and delivery of belongings. Short-term and long-term options are available, along with packing and moving assistance. A digital catalog of stored items is maintained, supported by security measures and flexible payment plans.
StowNest's top competitors include Store My Goods, Hyphen SCS and Godamwale.
StowNest offers Household Storage, Business Storage, Luggage Storage, and Moving Services.
StowNest has 8 investors. Key investors include Y Combinator, Venkatesh Natarajan, Nagaraja Subba Rao, Swetha Koppar, and Pushpalatha A R.
The valuation of StowNest is $1.43M as of Oct 2020.