About SumMor
SumMor is a Technology company based in Bengaluru (India) founded in 2018 by Rajiv Joshi and Ashok George. Sales and distribution solutions are provided for wholesalers and distributors. It operates in the Technology, Retail, and Transportation, Automotive & Logistics sectors. SumMor has raised $2.51 million across 6 funding rounds from investors including Strongarm Ventures, IP Ventures and Gurukrupa Trust. The company has 46 employees. SumMor was last valued at $232.32 thousand in June 2023. Its chief executive, as recorded, is Rajiv Joshi. Its Indian entity Ankasummor Foods Private Limited reported revenue of ₹7.81 Cr. Its focus areas include E-Commerce Enablers, Marketing, Tech Enabled Services and Brands Tech. Its competitors include Delhivery, Shadowfax and XpressBees; 3 of its 3 listed competitors have raised funding.
Company details
SumMor was founded in 2018 in Bengaluru, India, as a provider of tech-enabled solutions in the sales and distribution sector. In-house sales operations are supported through digitized platforms, while insights are offered to brands for better decision-making. Backend activities and sales force management are streamlined to enhance operational efficiency for wholesalers and distributors across the region.
- Headquarters Bengaluru, India
- Employees 46
- Founders Rajiv Joshi, Ashok George
- SectorsTechnologyRetail Transportation, Automotive & Logistics
- Email••••••••
- Website summor.in
- Social LinkedIn
- Legal Name Ankasummor Foods Private Limited
- Date of Incorporation 22 Aug, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹7.81 Cr
FY 2023 · -53% YoY
- Net Loss-₹5.44 Cr
FY 2023 · -70% margin
- EBITDA-₹5.35 Cr
FY 2023 · -69% margin
- Total Equity Funding$2.51M (USD)
in 6 rounds
- Latest Funding Round$60.97K (USD), Seed
Jun 2023
- InvestorsIP Ventures
& 118 more
- Employee Count46
Associated legal entities of SumMor
SumMor operates through Ankasummor Foods Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ankasummor Foods Private Limited CIN U15100KA2017PTC105754 | Active | 22 Aug 2017 | Bangalore, Karnataka | ₹7.8 Cr | 46 | 2 | View details |
Funding Insights of SumMor
SumMor has successfully raised a total of $2.51M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $60.97 thousand completed in June 2023. 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 $2.51M
- Total Rounds 6
- Last Round Seed — $60,970
- First Round $225,480
(May 2018)
- Investors Count 119
All 6 funding rounds of SumMor 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 |
|---|---|---|---|---|---|
| Jun 2023 | $60,970 | Seed | $232,323 | Strongarm Ventures | – |
| Mar 2021 | $1.58M | Seed | $7.01M | Inflection Point Ventures, Neeraj Bansal | |
| Jan 2020 | $254,122 | Seed | $••••• | Fireside Ventures | – |
| Jul 2019 | $219,050 | Seed | $••••• | Fireside Ventures | – |
| Feb 2019 | $167,921 | Seed | $••••• | Fireside Ventures | – |
| May 2018 | $225,480 | Seed | $••••• | Fireside Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2021 | $7.01M | •••••••• |
| Jan 2020 | $1.94M | •••••••• |
| Jul 2019 | $••••• | •••••••• |
| Feb 2019 | $••••• | •••••••• |
| May 2018 | $••••• | •••••••• |
Full valuation and stage history of SumMor
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $232,323 (Jun 2023). 119 investors in total: 8 institutional and 111 angel.
Investors in SumMor
SumMor has secured backing from 119 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Strongarm Ventures, IP Ventures and Gurukrupa Trust.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Venture capital fund focused on multiple sectors | Ahmedabad, India | |||
Early-stage consumer brand companies are invested in by Fireside Ventures. | firesideventures.com | Bengaluru, India | ||
Limited information is available on Gurukrupa Trust's activities. | Chennai, India | |||
Limited information available | Hyderabad, India | |||
Real estate development services are provided in Gwalior, India. | Gwalior, India | |||
Construction services are provided in Bengaluru, India. | Bengaluru, India | |||
NB Neeraj Bansal | Angel investor and entrepreneur, focusing on tech startups in India. | unknown_346da00148344b25b | ||
GP Gyan Prakash Puri | unknown_58d733ca501f43948 |
Investor details for SumMor
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Board of directors of Ankasummor Foods Private Limited (SumMor)
Ankasummor Foods Private Limited is the primary company behind SumMor. The board of Ankasummor Foods Private Limited currently have 2 directors; the longest-serving is Rajiv Mallarao Joshi, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajiv Mallarao Joshi DIN 07734100 | Director | 22 Aug 2017 | 9 yrs 2 mo | Ankasummor Foods Private Limited |
| Ramakrishna Reddy Singam DIN 08247275 | Director | 30 Jun 2023 | 3 yrs 4 mo | Ankasummor Foods Private Limited |
People of SumMor
2 people are tracked at SumMor (2 in leadership); the tracked headcount is 46.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Co-CEO | Leadership | |
| Co-Founder & Co-CEO | Leadership |
Complete people profiles for SumMor
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Financials of SumMor
Figures of Ankasummor Foods Private Limited, the primary company behind SumMor, for FY 2023. Revenue was ₹7.81 Cr (-53% year on year). Net loss was -₹5.44 Cr (-70% margin). EBITDA was -₹5.35 Cr (-69% margin). Revenue has grown at a compounded annual rate of -3% over three years and +149% over five years.
- ₹7.81 CrRevenue · FY 2023 · -53% YoY
- -₹5.44 CrNet loss · -70% margin
- -₹5.35 CrEBITDA · -69% margin
- ₹17.7 LakhPaid-up capital
- 46Employees (provident fund records)
- -3%Revenue CAGR, 3 years
- +149%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ankasummor Foods Private Limited are on its company page.
Detailed financial statements for SumMor
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of SumMor
4 dated milestones of SumMor across 5 years, from founding to its latest funding, stage changes and deals.
- Founded SumMor is founded.
- Funding First funding round of $225K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $61K.
Competitors of SumMor
SumMor has 3 listed competitors in our database, 3 of them funded. They include Delhivery, Shadowfax and XpressBees.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| delhivery.com | 2011 | Gurugram, India | $1.25B | 24,439 | Integrated logistics services including parcel delivery and warehousing are provided. | |
| shadowfax.in | 2015 | Bengaluru, India | $246.8M | 3,562 | Express delivery logistics solutions are provided for businesses and individuals. | |
| xpressbees.com | 2015 | Pune, India | $355.69M | 26 | End-to-end logistics delivery and courier solutions are provided. |
Detailed competitors of SumMor
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Top companies in Brand & Marketing Technology
3 companies that operate in the same segment as SumMor (Brand & Marketing Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 | |
Crafts global health and wellness brands for digital platforms. | 2021 | Bengaluru, Karnataka, India | USD 206.9 M | USD 71.62 M | 427 | |
Retail intelligence platform is developed for brands and B2B retailers. | 2008 | Bengaluru, Karnataka, India | USD 21.11 M | USD 7.69 M | 345 |
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Related news about Summor
Complete news archive for SumMor
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Frequently Asked Questions about SumMor
SumMor was founded in 2018.
SumMor is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rajiv Joshi is the CEO of SumMor, as recorded in our data. They have also founded this company.
SumMor is a funded company, having raised a total of $2.51M across 6 funding rounds to date. The company's 1st funding round was a Seed of $225.48K, raised on May 2018.
SumMor has 46 employees.
The primary company behind SumMor, Ankasummor Foods Private Limited, reported revenue of ₹7.81 Cr for FY 2023, down 53% year on year.
SumMor was founded in 2018 in Bengaluru, India, as a provider of tech-enabled solutions in the sales and distribution sector. In-house sales operations are supported through digitized platforms, while insights are offered to brands for better decision-making. Backend activities and sales force management are streamlined to enhance operational efficiency for wholesalers and distributors across the region.
SumMor's top competitors include Delhivery, Shadowfax and XpressBees.
SumMor has 119 investors. Key investors include Strongarm Ventures, IP Ventures, Gurukrupa Trust, Rmkm Ventures, and Xena Infra And Logistics.
The valuation of SumMor is $232.32K as of Jun 2023.
SumMor operates through Ankasummor Foods Private Limited.
The legal entities of SumMor currently have 2 directors, including Ramakrishna Reddy Singam, Rajiv Mallarao Joshi.