About Tops
Tops is a company based in Delhi (India) founded in 1984 by Chand Seth and Brij M Seth was acquired by Adani Wilmar in March 2025. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. Tops has raised $354.02 thousand across 1 funding round from investors including Adani Wilmar, Excel Infotech and Artillegence Bio Innovation. The company has 625 employees as of August 05, 2024. Tops offers products and services including Tomato Ketchup, Instant Masala Noodles, and Pickles. Tops operates in a competitive market with competitors including Sweet Karam Coffee, Godrej Agrovet, Keventer, Danone and Evolva, among others.
- Headquarter Delhi, India
- Employees 625 as on 05 Aug, 2024
- Founders Chand Seth, Brij M Seth
- Stage Minicorn
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name G.D. Foods Manufacturing (India) Pvt. Ltd.
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$33.75 M (USD)1.32as on Mar 31, 2021
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Net Profit
$1.03 M (USD)37.28as on Mar 31, 2021
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EBITDA
$3.14 M (USD)0.7as on Mar 31, 2021
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Total Equity Funding
$354.02 K (USD)
in 1 rounds
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Latest Funding Round
$354.02 K (USD), Unspecified
Dec 02, 2010
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Investors
Adani Wilmar
& 2 more
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Employee Count
625
as on Aug 05, 2024
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Acquired by
Adani Wilmar
(Mar 04, 2025)
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Products & Services of Tops
Tops offers a comprehensive portfolio of products and services, including Tomato Ketchup, Instant Masala Noodles, and Pickles. 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.
Tomato ketchup is offered in various pack sizes.
Instant masala noodles are provided for quick meals.
Various pickles are made for traditional flavor enhancement.
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Funding Insights of Tops
Tops has successfully raised a total of $354.02K through 1 strategic funding round. The most recent funding activity was a Unspecified round of $354.02 thousand completed in December 2010. 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 1
- Last Round Unspecified — $354,017
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First Round
First Round
(02 Dec 2010)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2010 | Amount | Unspecified - Tops | Valuation | Artillegence Bio Innovation |
| 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tops
Tops has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Adani Wilmar, Excel Infotech and Artillegence Bio Innovation. 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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Founded Year | Domain | Location | |
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Delivers a full suite of IT services to enhance daily business operations.
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Founded Year | Domain | Location | |
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Provider of edible oils, packaged rice, and pulses products
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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.
|
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 Tops
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Tops
| 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 |
Tops Comparisons
Competitors of Tops
Tops 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 Sweet Karam Coffee, Godrej Agrovet, Keventer, Danone and Evolva, 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 |
Dry snacks and coffee are manufactured and distributed.
|
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| domain | founded_year | HQ Location |
Diversified crop protection solutions are provided to farmers.
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| domain | founded_year | HQ Location |
Multi-category food and beverage products are provided by Keventer.
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| domain | founded_year | HQ Location |
Health-focused dairy and plant-based food products are offered.
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| domain | founded_year | HQ Location |
Producer of natural and functional ingredients for food, beverage and healthcare products
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| domain | founded_year | HQ Location |
Food and beverage products are branded, with diverse sectors engaged.
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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 Tops
Frequently Asked Questions about Tops
When was Tops founded?
Tops was founded in 1984 and raised its 1st funding round 26 years after it was founded.
Where is Tops located?
Tops is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Tops?
Girish Nagpal is the current CEO of Tops.
Is Tops a funded company?
Tops is a funded company, having raised a total of $354.02K across 1 funding round to date. The company's 1st funding round was a Unspecified of $354.02K, raised on Dec 02, 2010.
How many employees does Tops have?
As of Aug 05, 2024, the latest employee count at Tops is 625.
What is the annual revenue of Tops?
Annual revenue of Tops is $33.75M as on Mar 31, 2021.
What does Tops do?
Tops, operated by G.D. Foods Manufacturing (India) Pvt. Ltd., is involved in the production and distribution of a wide range of food products. The company offers items such as tomato ketchup, instant noodles, pickles, sauces, jams, and baking essentials. These products are targeted at both individual consumers and bulk buyers in the food and beverage sector. Solutions are provided for everyday cooking needs and quick meal preparations across India.
Who are the top competitors of Tops?
Tops's top competitors include Sweet Karam Coffee, Keventer and Godrej Agrovet.
What products or services does Tops offer?
Tops offers Tomato Ketchup, Instant Masala Noodles, and Pickles.
Who are Tops's investors?
Tops has 3 investors. Key investors include Adani Wilmar, Excel Infotech, and Artillegence Bio Innovation.
What is Tops's valuation?
The valuation of Tops is $30.29M as of Dec 2010.