About Tusker
Tusker is a company based in Bengaluru (India) founded in 2012 by Sharath Chandangoudar. It operates as a Reseller / Distribution. Tusker has raised $1.12 million across 2 funding rounds from investors including Angel List, LetsVenture and Lumis Partners. The company has 2 employees. Tusker offers products and services including Distribution Services. Tusker operates in a competitive market with competitors including Grab, Dunzo, Pidge, PIQYU and Telyport, among others.
- Headquarter Bengaluru, India
- Employees 2
- Founders Sharath Chandangoudar
- Stage Minicorn
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website tuskergo.com
- Social LinkedIn
- Annual Revenue$972.13 K (USD)-24as on Mar 31, 2023
- Net Profit-$704.76 K (USD)-980as on Mar 31, 2023
- EBITDA-$663.08 K (USD)-1738as on Mar 31, 2023
- Total Equity Funding$1.12M (USD)
in 2 rounds
- Latest Funding Round$479.8K (USD), Seed
Nov 2023
- InvestorsAngel List
& 8 more
- Employee Count2
Associated legal entities of Tusker
Tusker is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hosa Solutions Private Limited CIN U63090KA2019PTC124275 | Active | 13 May 2019 | Bangalore, Karnataka | ₹7.8 Cr | 13 | 2 | View details |
| Logistimo India Private Limited CIN U72200KA2011FTC060762 | Active | 10 Oct 2011 | Bangalore, Karnataka | ₹5.3 Cr | 7 | 2 | View details |
Products & Services of Tusker
Tusker offers a comprehensive portfolio of products and services, including Distribution Services.
Distribution services are provided for businesses in India.
Funding Insights of Tusker
Tusker has successfully raised a total of $1.12M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $479.8 thousand completed in November 2023. 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 $1.12M
- Total Rounds 2
- Last Round Seed — $479,800
- First Round $635,242
(Sep 2022)
- Investors Count 9
All 2 funding rounds of Tusker with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2023 | $479,800 | Seed | $5.24M | Lumis Partners | – |
| Sep 2022 | $635,242 | Seed | $5.46M | LetsVenture, Lumis Partners |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2023 | $5.24M | •••••••• |
| Sep 2022 | $5.46M | •••••••• |
Last known valuation $5.24M (Nov 2023). 9 investors in total: 5 institutional and 4 angel.
Investors in Tusker
Tusker has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, LetsVenture and Lumis Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in alternative assets, businesses, and funds in India. | 2006 | lumispartners.com | Gurugram, India | |
Venture capital fund investing in pre-seed tech startups with support services. | 2020 | pointone.capital | Bengaluru, India | |
Seed and early-stage investments are made across sectors in India. | – | blume.vc | Mumbai, India | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
KR Krishna Rani | - | – | unknown_87dbbe1539dc4be68 | - |
SR Sudhir Rani | Angel investor and entrepreneur, focused on tech startups in India. | – | unknown_2b7b0b30c8f44e629 | - |
JK Jay Kulkarni | Angel investor, ex-entrepreneur, focused on Indian startups in tech and consumer sectors. | – | unknown_0f0359b9c02141898 | - |
BP Balaji Pothiperumal | - | – | unknown_b8a79b0786fa44b19 | - |
Investor details for Tusker
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Tusker
The boards of the 2 registered companies of Tusker currently have 3 directors; the longest-serving is Sharath Jayadev Chandangoudar, appointed in 2019. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sharath Jayadev Chandangoudar DIN 08450883 | Director | 13 May 2019 | 7 yrs 4 mo | Hosa Solutions Private Limited |
| Amit Ramchandra Akkihal DIN 08450884 | Director | 13 May 2019 | 7 yrs 4 mo | Hosa Solutions Private Limited, Logistimo India Private Limited |
| Arun Ramanujapuram DIN 03628692 | Director | 18 Jul 2019 | 7 yrs 2 mo | Logistimo India Private Limited |
People of Tusker
1 people are tracked at Tusker (1 in leadership); the tracked headcount is 2.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Tusker
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Tusker
Figures of Hosa Solutions Private Limited, the primary company behind Tusker, for FY 2023. Revenue was ₹7.80 Cr (-24% year on year). Net loss was -₹5.66 Cr (-72% margin). EBITDA was -₹5.32 Cr (-68% margin). Revenue has grown at a compounded annual rate of +39% over three years.
- ₹7.80 CrRevenue · FY 2023 · -24% YoY
- -₹5.66 CrNet loss · -72% margin
- -₹5.32 CrEBITDA · -68% margin
- ₹3.50 CrPaid-up capital
- 13Employees (provident fund records)
- +39%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Hosa Solutions Private Limited are on its company page.
Detailed financial statements for Tusker
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Tusker
4 dated milestones of Tusker across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Tusker is founded.
- Funding First funding round of $635K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $480K.
Competitors of Tusker
Tusker 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 Grab, Dunzo, Pidge, PIQYU and Telyport, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| grab.com | 2012 | Singapore | $9.09B | 11,934 | Ride-hailing and on-demand delivery services are aggregated via mobile app. | |
| dunzo.com | 2014 | Bengaluru, India | $449.13M | 195 | Operates an on-demand hyperlocal delivery app for food and groceries. | |
| pidge.in | 2019 | Gurugram, India | $9.9M | 64 | Logistics intelligence and fulfillment solutions are delivered for businesses. | |
| piqyu.com | 2019 | Hyderabad, India | $350,447 | 74 | Web-enabled 3PL services are provided for hyperlocal delivery management. | |
| telyport.com | 2017 | Bengaluru, India | $88,971 | – | Hyperlocal on-demand courier deliveries are facilitated for various goods. | |
| sendfast.in | 2015 | Bengaluru, India | $52,745 | 20 | Last-mile delivery and logistics solutions are provided via technology platform. | |
| scooton.app | 2022 | Delhi, India | $25,008 | – | Hyper-local parcel delivery is facilitated through an app-based platform. | |
| 1pharmacy.io | 2021 | Bengaluru, India | – | 33 | Pharmacy management software and online services are provided for operations. | |
| abhilaya.in | 2017 | Mumbai, India | – | – | Provides last-mile, hyperlocal, and express delivery solutions for businesses and consumers. |
Detailed competitors of Tusker
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Tusker
10 companies that operate in the same segment as Tusker (Rural Ecommerce), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Tech-driven platform for small retailers to manage their working capital and stock | 2020 | Jakarta, Jakarta, Indonesia | USD 140.6 M | USD 121.32 M | – | |
Rural B2B e-commerce and logistics platform is operated. | 2014 | Pune, Maharashtra, India | USD 461.5 M | USD 583.27 M | 1,928 | |
Multi-category beauty and healthcare products for women are retailed online. | 2016 | Nairobi, Kenya | USD 29.47 M | – | – | |
Provider of fintech and agritech company to connect rural communities with urban businesses | 2012 | Hyderabad, Telangana, India | USD 6.56 M | USD 126.44 M | 24 | |
Provider of B2B procurement platform for grocery retailers | 2015 | Indore, Madhya Pradesh, India | USD 59.21 M | USD 54.87 M | 743 | |
Tech-enabled logistics solutions are provided for rural retailers in India. | 2018 | Bengaluru, Karnataka, India | USD 31.38 M | USD 57.99 M | 886 | |
Rozana is focused on rural e-commerce in India. | 2020 | Delhi, Delhi, India | USD 57.67 M | USD 3.58 M | – | |
Solar installations are provided in urban and rural areas. | 2011 | Jaipur, Rajasthan, India | USD 4.62 M | USD 850.98 K | 88 | |
Digitized convenience store network solutions for retailers | 2019 | Ahmedabad, Gujarat, India | USD 6.33 M | USD 9.93 M | 35 | |
Vernacular social commerce solutions are delivered via live video shopping. | 2018 | Noida, Uttar Pradesh, India | USD 8.66 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Tusker
Tusker was founded in 2012 and raised its 1st funding round 10 years after it was founded.
Tusker is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Tusker is a funded company, having raised a total of $1.12M across 2 funding rounds to date. The company's 1st funding round was a Seed of $635.24K, raised on Sep 2022.
Tusker has 2 employees.
Annual revenue of Tusker is $972.13K as on Mar 31, 2023.
Distribution solutions are provided by Tusker, focusing on businesses in India. Operations are centered on facilitating the supply chain and logistics for various sectors. Support is extended to regional markets, ensuring efficient delivery and distribution networks. The company is engaged in bridging gaps between manufacturers and retailers.
Tusker offers Distribution Services.
Tusker has 9 investors. Key investors include Angel List, LetsVenture, Lumis Partners, PointOne Capital, and Krishna Rani.
The valuation of Tusker is $5.24M as of Nov 2023.
Tusker is associated with 2 legal entities: Hosa Solutions Private Limited, Logistimo India Private Limited.
The legal entities of Tusker currently have 3 directors, including Sharath Jayadev Chandangoudar, Amit Ramchandra Akkihal, Arun Ramanujapuram.