About Text Mercato
Text Mercato is a company based in Bengaluru (India) founded in 2015 by Kiran Ramakrishna. It operates as an AI-powered eCommerce solutions for cataloging, content, and pricing are offered. Text Mercato has raised $4.62 million across 10 funding rounds from investors including Angel List, LetsVenture and Italica. The company has 69 employees. Its chief executive is Kiran Ramakrishna. Its Indian entity Text Mercato Solutions Private Limited reported revenue of ₹12.25 Cr. Text Mercato offers products and services including PIM Suite, Cataloging Suite, and Marketing Suite. Its competitors include Klaviyo, Elastic Path Software, CommerceIQ, Bango and Yotpo and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
Text Mercato was founded in 2015 in Bengaluru, India, as a provider of AI-powered solutions in the eCommerce sector. Tools for product information management, marketing content generation, and pricing optimization are delivered. Automated cataloging, product description creation, image editing, and competitor pricing analysis are included among the services. SEO optimization for websites and support for multi-marketplace listings are also handled, with operations focused on efficiency for businesses across industries.
- Headquarters Bengaluru, India
- Employees 69
- Founders Kiran Ramakrishna
- Phone•••• ••••
- Website textmercato.com
- Social LinkedIn X Instagram YouTube
- Legal Name Text Mercato Solutions Private Limited
- Date of Incorporation 09 Jan, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹12.25 Cr
FY 2025 · +16% YoY
- Net Loss-₹3.59 Cr
FY 2025 · -29% margin
- EBITDA-₹3.43 Cr
FY 2025 · -28% margin
- Total Equity Funding$4.62M (USD)
in 10 rounds
- Latest Funding Round$513.33K (USD), Seed
Feb 2024
- InvestorsAngel List
& 49 more
- Employee Count69
Associated legal entities of Text Mercato
Text Mercato operates through Text Mercato Solutions 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 |
|---|---|---|---|---|---|---|---|
| Text Mercato Solutions Private Limited CIN U22130KA2015PTC078195 | Active | 09 Jan 2015 | Bangalore, Karnataka | ₹12.2 Cr | 69 | 2 | View details |
Products & Services of Text Mercato
Text Mercato offers a comprehensive portfolio of products and services, including PIM Suite, Cataloging Suite, and Marketing Suite.
Centralized tool for managing product data across eCommerce channels.
End-to-end solutions for catalog creation and image editing.
Platform for content generation and pricing intelligence in eCommerce.
Apps and channels of Text Mercato
its YouTube channel Rubick - Product Cataloguing & Intelligence has 59 subscribers.
Funding Insights of Text Mercato
Text Mercato has successfully raised a total of $4.62M across 10 strategic funding rounds. The most recent funding activity was a Seed round of $513.33 thousand completed in February 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.
- Total Funding $4.62M
- Total Rounds 10
- Last Round Seed — $513,331
- First Round $50,464
(Oct 2016)
- Investors Count 50
All 10 funding rounds of Text Mercato 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 2024 | $415,183 | Seed | – | – | |
| Feb 2024 | $513,331 | Seed | – | Roundtable | |
| Jun 2022 | $2.6M | Seed | – | 1Crowd | |
| Jun 2020 | – | Seed | – | – | – |
| May 2020 | $542,393 | Seed | – | 1Crowd | |
| Jan 2020 | – | Seed | – | – | – |
| Dec 2019 | $294,502 | Seed | – | Raaj Shah | |
| Sep 2018 | $192,795 | Angel Round | – | Jyothirmayee JT | |
| Jul 2017 | $12,351 | Angel Round | – | – | |
| Oct 2016 | $50,464 | Angel Round | – | Prashant Maragowdanahalli |
50 investors in total: 13 institutional and 37 angel.
Investors in Text Mercato
Text Mercato has secured backing from 50 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Angel List, LetsVenture and Italica.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investment firm | 2015 | 1crowd.co | Mumbai, India | |
Venture capital investments in ethical businesses and high-growth sectors in India. | 2017 | mountjudi.com | Bengaluru, India | |
Venture capital firm focused on AI, healthcare, life science, B2B enterprise, and technology sectors | – | innospark.vc | Boston, United States | |
Early-stage venture capital and investment management are provided. | – | modulorcapital.com | Chandigarh, India | |
Early-stage investment and advisory services for digitally native Indian startups. | 2013 | windrose.capital | Pune, India | |
Sector-agnostic startup acceleration is provided by Betatron Venture Group. | – | betatron.co | Hong Kong, China | |
Private equity firm focused on multiple sectors | – | levimcapitalinvestment.tcc.mode | - | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Investment consulting firm | 2018 | tremis.in | Delhi, India | |
Fundraising is enabled for startups through an investor connection platform. | – | ahventures.in | Mumbai, India |
Investor details for Text Mercato
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Text Mercato Solutions Private Limited (Text Mercato)
Text Mercato Solutions Private Limited is the primary company behind Text Mercato. The board of Text Mercato Solutions Private Limited currently have 2 directors; the longest-serving is Kiran Bangalore Ramakrishna, appointed in 2015. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kiran Bangalore Ramakrishna DIN 07033553 | Director | 09 Jan 2015 | 11 yrs 9 mo | Text Mercato Solutions Private Limited |
| Manish Gupta DIN 10266734 | Nominee Director | 02 Feb 2024 | 2 yrs 8 mo | Text Mercato Solutions Private Limited |
People of Text Mercato
3 people are tracked at Text Mercato (2 in leadership, 1 in team); the tracked headcount is 69.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Manjunath G N | CEO | Leadership |
Ashwin N. | GM - Operations | Team |
Complete people profiles for Text Mercato
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Text Mercato
Figures of Text Mercato Solutions Private Limited, the primary company behind Text Mercato, for FY 2025. Revenue was ₹12.25 Cr (+16% year on year). Net loss was -₹3.59 Cr (-29% margin). EBITDA was -₹3.43 Cr (-28% margin). Revenue has grown at a compounded annual rate of +19% over three years and +28% over five years.
- ₹12.25 CrRevenue · FY 2025 · +16% YoY
- -₹3.59 CrNet loss · -29% margin
- -₹3.43 CrEBITDA · -28% margin
- ₹1.9 LakhPaid-up capital
- 69Employees (provident fund records)
- +19%Revenue CAGR, 3 years
- +28%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Text Mercato Solutions Private Limited are on its company page.
Detailed financial statements for Text Mercato
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 Text Mercato
3 dated milestones of Text Mercato across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Text Mercato is founded.
- Funding First funding round of $50K.
- Funding Latest funding round, Seed, of $513K.
Competitors of Text Mercato
Text Mercato has 8 listed competitors in our database, 7 of them funded. They include Klaviyo, Elastic Path Software, CommerceIQ, Bango and Yotpo, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| klaviyo.com | 2012 | Boston, United States | $778.5M | 1,454 | SaaS email marketing solutions are offered to e-commerce businesses. | |
| elasticpath.com | 2000 | Vancouver, Canada | $152.68M | 49 | API-based enterprise commerce and content management platform is delivered. | |
| commerceiq.ai | 2012 | Mountain View, United States | $195.5M | 256 | AI platform for retail ecommerce management and optimization is provided. | |
| bango.com | 1999 | Cambridge, United Kingdom | – | 274 | Marketing solutions for e-commerce businesses are provided by Bango. | |
| yotpo.com | 2011 | New York, United States | $436M | – | Cloud-based marketing platform for e-tailers | |
| eversightlabs.com | 2013 | Palo Alto, United States | $25.2M | 55 | SaaS-based promotion software is offered for retail testing. | |
| mirriad.com | 2007 | London, United Kingdom | $37.09M | 100 | AI-powered ads are integrated into video content by the platform. | |
| demandware.com | 2004 | New York, United States | $64.96M | 678 | Enterprise cloud commerce solutions are provided for retailers and manufacturers. |
Detailed competitors of Text Mercato
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 Text Mercato
Websites that share an audience with Text Mercato (textmercato.com).
Websites whose visitors overlap most with Text Mercato. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rubick.ai | 100% | 27.9K | #756,049 | View details |
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Related news about Text Mercato
Complete news archive for Text Mercato
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Frequently Asked Questions about Text Mercato
Text Mercato was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Text Mercato is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Kiran Ramakrishna is the current CEO of Text Mercato. They have also founded this company.
Text Mercato is a funded company, having raised a total of $4.62M across 10 funding rounds to date. The company's 1st funding round was a Angel Round of $50.46K, raised on Oct 2016.
Text Mercato has 69 employees.
The primary company behind Text Mercato, Text Mercato Solutions Private Limited, reported revenue of ₹12.25 Cr for FY 2025, up 16% year on year.
Text Mercato was founded in 2015 in Bengaluru, India, as a provider of AI-powered solutions in the eCommerce sector. Tools for product information management, marketing content generation, and pricing optimization are delivered. Automated cataloging, product description creation, image editing, and competitor pricing analysis are included among the services. SEO optimization for websites and support for multi-marketplace listings are also handled, with operations focused on efficiency for businesses across industries.
Text Mercato's top competitors include Klaviyo, CommerceIQ and Yotpo.
Text Mercato offers PIM Suite, Cataloging Suite, and Marketing Suite.
Text Mercato has 50 investors. Key investors include Angel List, LetsVenture, Italica, 1Crowd, and Mount Judi Ventures.
Text Mercato operates through Text Mercato Solutions Private Limited.
The legal entities of Text Mercato currently have 2 directors, including Kiran Bangalore Ramakrishna, Manish Gupta.