About The State Plate
The State Plate is a company based in Bengaluru (India) founded in 2020 by Rohit Jhawar, Muskaan Sancheti, and Raghav Jhawar was acquired by JustMyRoots in September 2023.. The State Plate has raised $253.96 thousand across 3 funding rounds from investors including JustMyRoots, Peyush Bansal and Antler. The company has 1 employees as of May 07, 2024. The State Plate offers products and services including Snacks, Staples, Beverages, and Sweets. The State Plate operates in a competitive market with competitors including Blinkit, Bigbasket, Swiggy, Dunzo and Otipy, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 07 May, 2024
- Founders Rohit Jhawar, Muskaan Sancheti, Raghav Jhawar
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Good Memories Private Limited
- Date of Incorporation 25 Mar, 2021
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$355.19 K (USD)-31.88as on Mar 31, 2023
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Net Profit
$-134.31 K (USD)-1.45as on Mar 31, 2023
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EBITDA
$-129.88 K (USD)11.87as on Mar 31, 2023
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Total Equity Funding
$253.96 K (USD)
in 3 rounds
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Latest Funding Round
$32.79 K (USD), Debt – Conventional
May 05, 2022
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Investors
JustMyRoots
& 3 more
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Employee Count
1
as on May 07, 2024
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Acquired by
JustMyRoots
(Sep 10, 2023)
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Products & Services of The State Plate
The State Plate offers a comprehensive portfolio of products and services, including Snacks, Staples, Beverages, and Sweets. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Variety of regional snacks for online purchase and delivery.
Essential items like spices and pickles from Indian states.
Drinks and syrups sourced from different regions.
Traditional bakery items for gifting and consumption.
Funding Insights of The State Plate
The State Plate has successfully raised a total of $253.96K across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $32.79 thousand completed in May 2022. 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 Debt – Conventional — $32,790
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First Round
First Round
(27 Oct 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Angel Round - The State Plate | Valuation |
investors |
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| May, 2022 | Amount | Debt – Conventional - The State Plate | Valuation |
investors |
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| Oct, 2021 | Amount | Seed - The State Plate | Valuation | Antler |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in The State Plate
The State Plate has secured backing from 4 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include JustMyRoots, Peyush Bansal and Antler. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investing and founder support services are offered globally by Antler.
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Founded Year | Domain | Location | |
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Production management solutions are delivered via an online platform.
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Founded Year | Domain | Location | |
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PB
Peyush Bansal |
Founder of Lenskart, prominent angel investor, Shark Tank India judge
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by The State Plate
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - The State Plate
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The State Plate Comparisons
Competitors of The State Plate
The State Plate 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 Blinkit, Bigbasket, Swiggy, Dunzo and Otipy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Instant delivery of groceries and essentials is facilitated online.
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| domain | founded_year | HQ Location |
Personal and household products are delivered via an e-commerce platform.
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| domain | founded_year | HQ Location |
Food and grocery items are ordered via an online network.
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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| domain | founded_year | HQ Location |
Grocery products are provided via an online digital storefront.
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| domain | founded_year | HQ Location |
Provider of online platform offering grocery, household items, cakes, and flowers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on The State Plate
Frequently Asked Questions about The State Plate
When was The State Plate founded?
The State Plate was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is The State Plate located?
The State Plate is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of The State Plate?
Muskaan Sancheti is the current CEO of The State Plate. They have also founded this company.
Is The State Plate a funded company?
The State Plate is a funded company, having raised a total of $253.96K across 3 funding rounds to date. The company's 1st funding round was a Seed of $201.49K, raised on Oct 27, 2021.
How many employees does The State Plate have?
As of May 07, 2024, the latest employee count at The State Plate is 1.
What is the annual revenue of The State Plate?
Annual revenue of The State Plate is $355.19K as on Mar 31, 2023.
What does The State Plate do?
The State Plate was established in 2020 in Bengaluru, India, as an e-commerce platform focused on grocery supplies. A range of categories is covered, including snacks, sweets and bakery items, staples and spices, chutneys and pickles, drinks and beverages, and healthy foods. Products are sourced from multiple states such as Maharashtra, Karnataka, West Bengal, Rajasthan, Andhra Pradesh, Gujarat, and Assam to support diverse regional offerings.
Who are the top competitors of The State Plate?
What products or services does The State Plate offer?
The State Plate offers Snacks, Staples, Beverages, and Sweets.
Who are The State Plate's investors?
The State Plate has 4 investors. Key investors include JustMyRoots, Peyush Bansal, Antler, and Culture Cap.
What is The State Plate's valuation?
The valuation of The State Plate is $1.6M as of Oct 2021.
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