About Sugarbox
Sugarbox is a Technology company based in Mumbai (India) founded in 2017 by Ripunjay Bararia and Rohit Paranjpe, and was acquired by Zee Entertainment Enterprises in March 2017. It provides content delivery solutions to OTT providers. The company has 134 employees. Its chief executive, as recorded, is Rohit Paranjpe. Its Indian entity Margo Networks Private Limited reported revenue of ₹8.59 Cr. Its focus areas include Enterprise Infrastructure, Enterprise Networking and CDN.
Company details
SugarBox was founded in 2017 in Mumbai, India, within the digital content sector. Operations focus on establishing zones in transport, hospitality, retail, healthcare, and public spaces. These zones facilitate access to on-demand content for consumers without reliance on 4G or broadband connections. The platform supports OTT providers by delivering content through localized networks.
- Headquarters Mumbai, India
- Employees 134
- Founders Ripunjay Bararia, Rohit Paranjpe
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website sugarboxnetworks.com
- Social LinkedIn X Facebook
- Acquired by Zee Entertainment Enterprises (Mar 2017)
- Legal Name Margo Networks Private Limited
- Date of Incorporation 17 Aug, 2016
- Jurisdiction Jogeshwari West, Maharashtra, India
- Annual Revenue₹8.59 Cr
FY 2025 · -75% YoY
- Net Loss-₹57.44 Cr
FY 2025 · -669% margin
- EBITDA-₹39.33 Cr
FY 2025 · -458% margin
- Investors
- Employee Count134
- Acquired byZee Entertainment Enterprises
(Mar 2017)
Associated legal entities of Sugarbox
Sugarbox operates through Margo Networks 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 |
|---|---|---|---|---|---|---|---|
| Margo Networks Private Limited CIN U74999MH2016PTC284879 | Active | 17 Aug 2016 | Mumbai, Maharashtra | ₹8.6 Cr | 134 | 4 | View details |
Investors in Sugarbox
Sugarbox has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Zee Entertainment Enterprises.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Entertainment content is produced and distributed by Zee Entertainment Enterprises. | 1982 | zee.com | Mumbai, India |
Investor details for Sugarbox
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Board of directors of Margo Networks Private Limited (Sugarbox)
Margo Networks Private Limited is the primary company behind Sugarbox. The board of Margo Networks Private Limited currently have 4 directors; the longest-serving is Mittal Nitin, appointed in 2022. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mittal Nitin DIN 02584913 | Director | 10 Nov 2022 | 3 yrs 11 mo | Margo Networks Private Limited |
| Mukund Venkatesh Galgali DIN 01998552 | Director | 18 Jul 2024 | 2 yrs 3 mo | Margo Networks Private Limited |
| Ashish Ramesh Agarwal DIN 01598849 | Director | 30 Aug 2024 | 2 yrs 2 mo | Margo Networks Private Limited |
| Pankaj Purshottam Suroliya DIN 03442312 | Additional Director | 01 Aug 2025 | 1 yr 3 mo | Margo Networks Private Limited |
People of Sugarbox
2 people are tracked at Sugarbox (2 in leadership); the tracked headcount is 134.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Sugarbox
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Financials of Sugarbox
Figures of Margo Networks Private Limited, the primary company behind Sugarbox, for FY 2025. Revenue was ₹8.59 Cr (-75% year on year). Net loss was -₹57.44 Cr (-669% margin). EBITDA was -₹39.33 Cr (-458% margin). Revenue has grown at a compounded annual rate of +250% over three years and +72% over five years.
- ₹8.59 CrRevenue · FY 2025 · -75% YoY
- -₹57.44 CrNet loss · -669% margin
- -₹39.33 CrEBITDA · -458% margin
- ₹5 LakhPaid-up capital
- 134Employees (provident fund records)
- +250%Revenue CAGR, 3 years
- +72%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Margo Networks Private Limited are on its company page.
Detailed financial statements for Sugarbox
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Timeline of Sugarbox
2 dated milestones of Sugarbox, from founding to its latest funding, stage changes and deals.
- Founded Sugarbox is founded.
- Exit Acquired by Zee Entertainment Enterprises.
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Related news about Sugarbox
Complete news archive for Sugarbox
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Frequently Asked Questions about Sugarbox
Sugarbox was founded in 2017.
Sugarbox is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Rohit Paranjpe is the CEO of Sugarbox, as recorded in our data. They have also founded this company.
Sugarbox has 134 employees.
The primary company behind Sugarbox, Margo Networks Private Limited, reported revenue of ₹8.59 Cr for FY 2025, down 75% year on year.
SugarBox was founded in 2017 in Mumbai, India, within the digital content sector. Operations focus on establishing zones in transport, hospitality, retail, healthcare, and public spaces. These zones facilitate access to on-demand content for consumers without reliance on 4G or broadband connections. The platform supports OTT providers by delivering content through localized networks.
Sugarbox has 1 investor. Key investors include Zee Entertainment Enterprises.
Sugarbox operates through Margo Networks Private Limited.
Yes. Sugarbox was acquired by Zee Entertainment Enterprises in March 2017.
The legal entities of Sugarbox currently have 4 directors, including Mittal Nitin, Ashish Ramesh Agarwal, Pankaj Purshottam Suroliya and others.