About Trust Basket
Trust Basket is a company based in Bengaluru (India) founded in 2014 was acquired by BRND.ME in January 2022.. Trust Basket has raised $140.82 thousand across 1 funding round from investors including BRND.ME and Mahesh Shetty. The company has 10 employees as of August 02, 2024. Trust Basket offers products and services including Gardening Kits, Seeds, Fertilizers, Pots and Planters, and Gardening Tools. Trust Basket operates in a competitive market with competitors including Ugaoo, Kyari, Greenkin, Nurturing Green and Green Shelter, among others.
- Headquarter Bengaluru, India
- Employees 10 as on 02 Aug, 2024
- Stage Minicorn
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Sectors
Consumer
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Implexians Eco Solutions Private Limited
- Date of Incorporation 18 Apr, 2017
- Jurisdiction Sadar Bazar, Haryana, India
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Annual Revenue
$4.06 M (USD)-2.59as on Mar 31, 2023
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Net Profit
$-810.51 K (USD)-760.92as on Mar 31, 2023
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EBITDA
$-643.62 K (USD)-575.88as on Mar 31, 2023
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Total Equity Funding
$140.82 K (USD)
in 1 rounds
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Latest Funding Round
$140.82 K (USD), Angel Round
Mar 01, 2019
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Investors
BRND.ME
& 1 more
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Employee Count
10
as on Aug 02, 2024
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Acquired by
BRND.ME
(Jan 24, 2022)
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Products & Services of Trust Basket
Trust Basket offers a comprehensive portfolio of products and services, including Gardening Kits, Seeds, Fertilizers, Pots and Planters, and Gardening Tools. 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.
Complete sets for starting home or vegetable gardens.
Variety of vegetable and flower seeds for planting.
Organic fertilizers to promote plant growth and health.
Durable pots for indoor and outdoor plant cultivation.
Essential tools for soil preparation and plant care.
Funding Insights of Trust Basket
Trust Basket has successfully raised a total of $140.82K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $140.82 thousand completed in March 2019. 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 Angel Round — $140,815
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First Round
First Round
(01 Mar 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Angel Round - Trust Basket | Valuation | Mahesh Shetty |
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| 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 Trust Basket
Trust Basket has secured backing from 2 investors, including angel investors. Prominent investors backing the company include BRND.ME and Mahesh Shetty. 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 |
|---|---|---|---|---|
|
MS
Mahesh Shetty |
Angel investor, mentor, and entrepreneur with focus on tech startups in India.
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Founded Year | Domain | Location |
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Influencer-driven branding solutions are provided through an integrated platform.
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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 Trust Basket
| 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 - Trust Basket
| 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 |
Trust Basket Comparisons
Competitors of Trust Basket
Trust Basket 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 Ugaoo, Kyari, Greenkin, Nurturing Green and Green Shelter, 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 |
Online plant nursery and gardening store
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| domain | founded_year | HQ Location |
Indoor plants, planters, and plant care solutions are provided.
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| domain | founded_year | HQ Location |
Ornamental plants and accessories are offered via an online platform.
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| domain | founded_year | HQ Location |
Online retail store offering organic plants
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| domain | founded_year | HQ Location |
Garden supplies and accessories are provided via an online platform.
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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 Trust Basket
Frequently Asked Questions about Trust Basket
When was Trust Basket founded?
Trust Basket was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Where is Trust Basket located?
Trust Basket is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Trust Basket a funded company?
Trust Basket is a funded company, having raised a total of $140.82K across 1 funding round to date. The company's 1st funding round was a Angel Round of $140.82K, raised on Mar 01, 2019.
How many employees does Trust Basket have?
As of Aug 02, 2024, the latest employee count at Trust Basket is 10.
What is the annual revenue of Trust Basket?
Annual revenue of Trust Basket is $4.06M as on Mar 31, 2023.
What does Trust Basket do?
Online brand of gardening supplies and equipment. It offers a wide selection of products, including pots, planters, soil, fertilizers, seeds, tools, and other gardening accessories. The company caters to both novice and experienced gardeners, providing kits and resources for setting up and maintaining gardens of various sizes and types. It also offers organic options for fertilizers and pest control. The business model focuses on e-commerce, providing convenient online ordering and delivery of gardening products.
Who are the top competitors of Trust Basket?
What products or services does Trust Basket offer?
Trust Basket offers Gardening Kits, Seeds, Fertilizers, Pots and Planters, and Gardening Tools.
Who are Trust Basket's investors?
Trust Basket has 2 investors. Key investors include BRND.ME, and Mahesh Shetty.
What is Trust Basket's valuation?
The valuation of Trust Basket is $2.68M as of Mar 2019.