About Vendaxo
Vendaxo is a Real Estate & Construction company based in Ahmedabad (India) founded in 2016, and was acquired by Moglix in July 2021. Used industrial equipment and machinery are traded online via Vendaxo. It operates in the Real Estate & Construction, Industrial Goods & Manufacturing, and Retail sectors. Its focus areas include B2B E-Commerce, Industrial Goods, Heavy Machinery and Marketplace. Its legal entity in India is Vendaxo Private Limited (U74999GJ2016PTC093841). Its competitors include Autocracy Machinery, Valuejunction and iQuippo; 1 of its 3 listed competitors has raised funding.
Company details
Vendaxo was established in 2016 in Ahmedabad, India, as an online marketplace focused on the industrial sector. Used equipment and machinery are facilitated for buying, selling, renting, and leasing through the platform. Operations center on connecting buyers and sellers in the used industrial goods market. The service had not launched as of November 2016.
- Headquarters Ahmedabad, India
- Stage Acquired
- SectorsReal Estate & ConstructionIndustrial Goods & Manufacturing Retail
- Email••••••••
- Website vendaxo.com
- Social LinkedIn X Facebook
- Acquired by Moglix (Jul 2021)
- Legal Name Vendaxo Private Limited
- Date of Incorporation 22 Sep, 2016
- Jurisdiction Ahmedabad, Gujarat, India
Associated legal entities of Vendaxo
Vendaxo operates through Vendaxo Private Limited (under process of striking off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vendaxo Private Limited CIN U74999GJ2016PTC093841 | Under Process Of Striking Off | 22 Sep 2016 | Ahmedabad, Gujarat | ₹0.0 Cr | 2 | View details |
Funding Insights of Vendaxo
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Vendaxo 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 |
|---|---|---|---|---|---|
| Mar 2019 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Vendaxo
Vendaxo has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Moglix and empoWer.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startup accelerator | 2016 | empower.zone | Mumbai, India | |
Multi-category products are supplied via a B2B marketplace platform. | 2015 | moglix.com | Singapore, Singapore |
Investor details for Vendaxo
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Board of directors of Vendaxo Private Limited (Vendaxo)
Vendaxo Private Limited is the primary company behind Vendaxo. The board of Vendaxo Private Limited currently have 2 directors; the longest-serving is Poonam Sudhirkumar Choudhary, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Poonam Sudhirkumar Choudhary DIN 07228200 | Director | 22 Sep 2016 | 10 yrs 1 mo | Vendaxo Private Limited |
| Bhupesh Babulal Patel DIN 00451572 | Director | 28 Apr 2021 | 5 yrs 6 mo | Vendaxo Private Limited |
Financials of Vendaxo
Figures of Vendaxo Private Limited, the primary company behind Vendaxo, for FY 2023. Revenue was ₹18,847 (-99% year on year). Net profit was ₹16,190 (86% margin). EBITDA was ₹16,190 (86% margin). Revenue has grown at a compounded annual rate of -84% over three years and -57% over five years.
- ₹18,847Revenue · FY 2023 · -99% YoY
- ₹16,190Net profit · 86% margin
- ₹16,190EBITDA · 86% margin
- ₹1 LakhPaid-up capital
- -84%Revenue CAGR, 3 years
- -57%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Vendaxo Private Limited are on its company page.
Detailed financial statements for Vendaxo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Vendaxo
3 dated milestones of Vendaxo across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Vendaxo is founded.
- Funding First funding round.
- Exit Acquired by Moglix.
Competitors of Vendaxo
Vendaxo has 3 listed competitors in our database, 1 of them funded. They include Autocracy Machinery, Valuejunction and iQuippo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| autocracymachinery.com | 2020 | Hyderabad, India | $1.8M | 209 | Specialty machinery for construction, agriculture, and infrastructure is manufactured. | |
| valuejunction.in | 2009 | Kolkata, India | 1,091 | Operates a B2B auction platform for industrial and stressed assets. | ||
| iquippo.com | 2016 | Kolkata, India | 32 | Operates a digital marketplace for the sale and leasing of heavy equipment. |
Detailed competitors of Vendaxo
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Related news about Vendaxo
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Frequently Asked Questions about Vendaxo
Vendaxo was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Vendaxo is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
The primary company behind Vendaxo, Vendaxo Private Limited, reported revenue of ₹18,847 for FY 2023, down 99% year on year.
Vendaxo was established in 2016 in Ahmedabad, India, as an online marketplace focused on the industrial sector. Used equipment and machinery are facilitated for buying, selling, renting, and leasing through the platform. Operations center on connecting buyers and sellers in the used industrial goods market. The service had not launched as of November 2016.
Vendaxo's top competitors include Autocracy Machinery, iQuippo and Valuejunction.
Vendaxo operates through Vendaxo Private Limited.
Yes. Vendaxo was acquired by Moglix in July 2021.
The legal entities of Vendaxo currently have 2 directors, including Poonam Sudhirkumar Choudhary, Bhupesh Babulal Patel.