About ToolKart
ToolKart is a company based in Bengaluru (India) founded in 2019 by Ravishankar Seshagirirao and Vijay Shankar.. ToolKart has raised $87.66 thousand across 3 funding rounds from investors including Startup Karnataka, Preetham Arayanveetil Patterkandy and Vineeth Yelandur Subramanyam. ToolKart offers products and services including Cutting Tools, Inserts, End Mills, Reamers, and Drills. ToolKart operates in a competitive market with competitors including NowPurchase, ToolsVilla, Bulk MRO, Aksum Trademart and Mogli Labs, among others.
- Headquarter Bengaluru, India
- Founders Ravishankar Seshagirirao, Vijay Shankar
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Sectors
Industrial Goods & ManufacturingRetail
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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 Toolkart Precision Tools Private Limited
- Date of Incorporation 01 Mar, 2019
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2020
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Net Profit
$0 (USD)0as on Mar 31, 2020
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EBITDA
$0 (USD)0as on Mar 31, 2020
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Total Equity Funding
$87.66 K (USD)
in 3 rounds
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Latest Funding Round
$74.25 K (USD), Angel Round
May 06, 2021
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Investors
Startup Karnataka
& 3 more
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Employee Count
Employee Count
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Products & Services of ToolKart
ToolKart offers a comprehensive portfolio of products and services, including Cutting Tools, Inserts, End Mills, Reamers, and Drills. 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.
Tools for metal cutting and shaping in manufacturing processes
Replaceable parts for enhancing cutting tool performance
Specialized tools for milling operations in metalwork
Tools for precision finishing of holes in materials
Tools for creating holes in metal and other materials
Funding Insights of ToolKart
ToolKart has successfully raised a total of $87.66K across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $74.25 thousand completed in May 2021. 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 Angel Round — $74,254
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Angel Round - ToolKart | Valuation | Preetham Arayanveetil Patterkandy | |
| Nov, 2020 | Amount | Angel Round - ToolKart | Valuation | Rajakumar A |
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| Jun, 2019 | Amount | Grant - ToolKart | Valuation |
investors |
| 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 ToolKart
ToolKart has secured backing from 4 investors, including angel and institutional investors. Prominent investors backing the company include Startup Karnataka, Preetham Arayanveetil Patterkandy and Vineeth Yelandur Subramanyam. 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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Support for startups in Karnataka is delivered through policies, funding, and networking services.
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Founded Year | Domain | Location | |
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PA
Preetham Arayanveetil Patterkandy |
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Founded Year | Domain | Location |
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VY
Vineeth Yelandur Subramanyam |
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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 ToolKart
| 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 - ToolKart
| 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 |
Toolkart Comparisons
Competitors of ToolKart
ToolKart 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 NowPurchase, ToolsVilla, Bulk MRO, Aksum Trademart and Mogli Labs, 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 |
Tech-interfaced procurement marketplace is operated for metal manufacturers.
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| domain | founded_year | HQ Location |
Industrial equipment and supplies are offered via an online platform.
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| domain | founded_year | HQ Location |
Industrial supplies are distributed via an online B2B platform.
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| domain | founded_year | HQ Location |
Steel, polymers, chemicals, paints, and construction products are supplied.
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| domain | founded_year | HQ Location |
B2B e-commerce and supply chain management solutions are provided.
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| domain | founded_year | HQ Location |
Retailer of various steel products including mild, stainless, and structural
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about ToolKart
When was ToolKart founded?
ToolKart was founded in 2019.
Where is ToolKart located?
ToolKart is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is ToolKart a funded company?
ToolKart is a funded company, having raised a total of $87.66K across 3 funding rounds to date.
What does ToolKart do?
ToolKart was established in 2019 in Bengaluru, India, as an online B2B platform focused on industrial tools. Buyers are enabled to register, browse product and service listings, place orders, track shipments, and receive deliveries. Suppliers are permitted to build profiles detailing their offerings, pricing, catalogs, and promotional materials. Operations center on facilitating transactions within the industrial sector across India.
Who are the top competitors of ToolKart?
ToolKart's top competitors include NowPurchase, JSW One MSME and Aksum Trademart.
What products or services does ToolKart offer?
ToolKart offers Cutting Tools, Inserts, End Mills, Reamers, and Drills.
Who are ToolKart's investors?
ToolKart has 4 investors. Key investors include Startup Karnataka, Preetham Arayanveetil Patterkandy, Vineeth Yelandur Subramanyam, and Rajakumar A.
What is ToolKart's valuation?
The valuation of ToolKart is $473.92K as of May 2021.