About Town Essentials
Town Essentials is a company based in Bengaluru (India) founded in 2002 by Shrikant Jayawant Patil. Town Essentials has raised $1.11 million across 2 funding rounds from investors including Sharad Hegde, Sanjay K Prabhu and Girish Reddy. The company has 98 employees as of April 09, 2024. Town Essentials operates in a competitive market with competitors including Blinkit, Bigbasket, Swiggy, Dunzo and Otipy, among others.
- Headquarter Bengaluru, India
- Employees 98 as on 09 Apr, 2024
- Founders Shrikant Jayawant Patil
- Stage Minicorn
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Sectors
Retail
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Email
Locked
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Phone
Locked
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Website
Locked
- Legal Name Town Essentials Private Limited
- Date of Incorporation 21 Aug, 2001
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$4.74 M (USD)10.94as on Mar 31, 2020
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Net Profit
-$283.66 K (USD)23.65as on Mar 31, 2020
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EBITDA
-$285.44 K (USD)-3.15as on Mar 31, 2020
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Total Equity Funding
$1.11 M (USD)
in 2 rounds
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Latest Funding Round
$1.02 M (USD), Angel Round
Dec 28, 2015
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Investors
& 12 more
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Employee Count
98
as on Apr 09, 2024
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Funding Insights of Town Essentials
Town Essentials has successfully raised a total of $1.11M across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $1.02 million completed in December 2015. 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 Town Essentials
Town Essentials has secured backing from 13 investors, including angel investors. Prominent investors backing the company include Sharad Hegde, Sanjay K Prabhu and Girish Reddy.
| Investor | Description | Founded Year | Domain | Location |
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Sharad Hegde |
Angel investor and tech entrepreneur, co-founder of The Good Glamm Group.
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Locked | Locked | Locked |
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SK
Sanjay K Prabhu |
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GR
Girish Reddy |
Co-founder of TeamIndus, angel investor in Indian startups
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Locked | Locked | Locked |
Investor details for Town Essentials
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Investments & Acquisitions by Town Essentials
Investment portfolio details for Town Essentials
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Financial Statements - Town Essentials
Detailed financials for Town Essentials
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Town Essentials Comparisons
Peer comparison for Town Essentials
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Competitors of Town Essentials
Town Essentials 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 Town Essentials
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Latest news on Town Essentials
Complete news archive for Town Essentials
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Frequently Asked Questions about Town Essentials
Town Essentials was founded in 2002 and raised its 1st funding round 11 years after it was founded.
Town Essentials is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Town Essentials is a funded company, having raised a total of $1.11M across 2 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Town Essentials is 98.
Annual revenue of Town Essentials is $4.74M as on Mar 31, 2020.
Town Essentials was founded in 2002 in Bengaluru, India, as an online platform in the grocery sector. A range of products, including fruits, vegetables, staples, beverages, dairy, personal care, and home essentials, is offered. Delivery services are extended across Bangalore city, with options for wholesale purchases at discounted prices available to individuals. Operations focus on multi-category supplies through the domain towness.co.in.
Town Essentials has 13 investors. Key investors include Sharad Hegde, Sanjay K Prabhu, Girish Reddy, Meghana Vissa, and Amar Krishnamurthy.
The valuation of Town Essentials is $3.08M as of Dec 2015.