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
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- 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.
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.
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.
| 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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Production management solutions are delivered via an online platform.
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PB
Peyush Bansal |
Founder of Lenskart, prominent angel investor, Shark Tank India judge
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Investor details for The State Plate
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Investments & Acquisitions by The State Plate
Investment portfolio details for The State Plate
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Financial Statements - The State Plate
Detailed financials for The State Plate
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The State Plate Comparisons
Peer comparison for The State Plate
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Instant delivery of groceries and essentials is facilitated online.
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Personal and household products are delivered via an e-commerce platform.
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Food and grocery items are ordered via an online network.
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Grocery products are provided via an online digital storefront.
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Provider of online platform offering grocery, household items, cakes, and flowers
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Detailed competitors of The State Plate
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Latest news on The State Plate
Complete news archive for The State Plate
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Frequently Asked Questions about The State Plate
The State Plate was founded in 2020 and raised its 1st funding round 1 year after it was founded.
The State Plate is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Muskaan Sancheti is the current CEO of The State Plate. They have also founded this company.
The State Plate is a funded company, having raised a total of $253.96K across 3 funding rounds to date.
As of May 07, 2024, the latest employee count at The State Plate is 1.
Annual revenue of The State Plate is $355.19K as on Mar 31, 2023.
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.
The State Plate offers Snacks, Staples, Beverages, and Sweets.
The State Plate has 4 investors. Key investors include JustMyRoots, Peyush Bansal, Antler, and Culture Cap.
The valuation of The State Plate is $1.6M as of Oct 2021.