About VnF
VnF is a Retail company based in Mumbai (India) founded in 2018 by Sanjay Kumar Randhar, Sushil Chaudhary, and Atul Kumar. Digital supply chain aggregator that connects farmers with retailers. It operates in the Retail and Agriculture sectors. VnF has raised $48.01 million across 5 funding rounds from investors including APAR, WestBridge Capital and Gujarat Venture Finance. The company has 8 employees. VnF was last valued at $98.89 million in July 2022. Its chief executive, as recorded, is Atul Kumar. Its Indian entity Vnf Ideas Private Limited reported revenue of ₹2.48 Cr. Its focus areas include Food and Agriculture Tech, Crop Tech, ECommerce and Farm Produce. Its competitors include WayCool, FarMart and Ninjacart; 3 of its 3 listed competitors have raised funding.
Company details
VnF was founded in 2018 and is headquartered in Mumbai, India. A digital platform is operated to link farmers directly with retailers and customers in the agricultural sector. Produce delivery is managed efficiently and transparently, with attention given to maintaining freshness and quality. The interval between harvesting and consumption is shortened, supporting streamlined operations in the supply chain.
- Headquarters Mumbai, India
- Employees 8
- Founders Sanjay Kumar Randhar, Sushil Chaudhary, Atul Kumar
- Stage Minicorn
- SectorsRetailAgriculture
- Phone•••• ••••
- Website freshvnf.com
- Social LinkedIn X
- Legal Name Vnf Ideas Private Limited
- Date of Incorporation 28 Mar, 2018
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2.48 Cr
FY 2024 · -97% YoY
- Net Loss-₹85.3 Lakh
FY 2024 · -34% margin
- EBITDA-₹82.7 Lakh
FY 2024 · -33% margin
- Total Equity Funding$48.01M (USD)
in 5 rounds
- Latest Funding Round$6.38M (USD), Series C
Jul 2022
- InvestorsAPAR
& 34 more
- Employee Count8
Associated legal entities of VnF
VnF operates through Vnf Ideas Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vnf Ideas Private Limited CIN U15130MH2018PTC307323 | Active | 28 Mar 2018 | Mumbai, Maharashtra | ₹2.5 Cr | 8 | 2 | View details |
Funding Insights of VnF
VnF has successfully raised a total of $48.01M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $6.38 million completed in July 2022. 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 $48.01M
- Total Rounds 5
- Last Round Series C — $6.38M
- First Round $2M
(May 2019)
- Investors Count 35
All 5 funding rounds of VnF 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 |
|---|---|---|---|---|---|
| Jul 2022 | $6.38M | Series C | $98.89M | Sangeet Kumar | |
| Oct 2021 | $28.25M | Series B | $98.68M | WestBridge Capital | |
| Jun 2021 | $10.27M | Series A | $••••• | Sixth Sense Ventures | |
| Sep 2020 | $1.11M | Seed | $••••• | Equanimity Investments, APAR | |
| May 2019 | $2M | Seed | $••••• | Equanimity Investments |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2022 | $98.89M | •••••••• |
| Oct 2021 | $98.68M | •••••••• |
| Jun 2021 | $••••• | •••••••• |
| Sep 2020 | $••••• | •••••••• |
| May 2019 | $••••• | •••••••• |
Full valuation and stage history of VnF
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $98.89M (Jul 2022). 35 investors in total: 15 institutional and 20 angel.
Investors in VnF
VnF has secured backing from 35 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include APAR, WestBridge Capital and Gujarat Venture Finance.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology. | 2000 | westbridgecap.com | Quatre Bornes, Mauritius | |
Venture capital fund investing in consumer-focused startups in India. | 2016 | sixthsenseventures.com | Mumbai, India | |
Venture capital is provided by the firm across multiple sectors. | Mumbai, India | |||
Venture capital is provided to multiple sectors by MMPL Trust. | Bengaluru, India | |||
Early-stage investments are targeted by Konark Trust venture capital firm. | Bengaluru, India | |||
Venture capital investments in early-stage Indian startups focusing on technology and innovation. | 2017 | equanimityinvestments.com | Mumbai, India | |
Investment management for agriculture, food, and rural ventures in India. | 2018 | nabventures.in | Mumbai, India | |
Venture capital investments are made in Indian startups across multiple sectors. | 1990 | gvfl.com | Ahmedabad, India | |
Investments and industrial operations are conducted in Mumbai, India. | Mumbai, India | |||
Manufacturing of home appliances, clocks, and electrical switches by Orpat in India. | 2005 | orpatgroup.com | Morbi, India |
Investor details for VnF
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Vnf Ideas Private Limited (VnF)
Vnf Ideas Private Limited is the primary company behind VnF. The board of Vnf Ideas Private Limited currently have 2 directors; the longest-serving is Atul Kumar, appointed in 2018. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Atul Kumar DIN 02233642 | Director | 28 Mar 2018 | 8 yrs 7 mo | Vnf Ideas Private Limited |
| Sachin Durgaprasad Chaurasia DIN 10384462 | Director | 08 Nov 2023 | 3 yrs | Vnf Ideas Private Limited |
People of VnF
4 people are tracked at VnF (4 in leadership); the tracked headcount is 8.
| Name | Role | Group |
|---|---|---|
Sanjay Kumar Randhar | Founder | Leadership |
Sushil Chaudhary | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
Rajesh Narayan Sehgal | Leadership |
Complete people profiles for VnF
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Financials of VnF
Figures of Vnf Ideas Private Limited, the primary company behind VnF, for FY 2024. Revenue was ₹2.48 Cr (-97% year on year). Net loss was -₹85.3 Lakh (-34% margin). EBITDA was -₹82.7 Lakh (-33% margin). Revenue has grown at a compounded annual rate of -51% over three years and -9% over five years.
- ₹2.48 CrRevenue · FY 2024 · -97% YoY
- -₹85.3 LakhNet loss · -34% margin
- -₹82.7 LakhEBITDA · -33% margin
- ₹21.60 CrPaid-up capital
- 8Employees (provident fund records)
- -51%Revenue CAGR, 3 years
- -9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Vnf Ideas Private Limited are on its company page.
Detailed financial statements for VnF
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of VnF
4 dated milestones of VnF across 4 years, from founding to its latest funding, stage changes and deals.
- Founded VnF is founded.
- Funding First funding round of $2.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $6.4M.
Competitors of VnF
VnF has 3 listed competitors in our database, 3 of them funded. They include WayCool, FarMart and Ninjacart.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| waycool.in | 2015 | Chennai, India | $365.53M | 164 | Provider of food supply chain management and farming solutions. | |
| farmart.co | 2015 | Gurugram, India | $51.11M | 296 | SaaS-based B2B solutions for food supply chains are provided. | |
| ninjacart.com | 2015 | Bengaluru, India | $507.77M | 1,103 | B2B platform offering vegetables and fruits |
Detailed competitors of VnF
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Top companies in Food & Grocery Retail
3 companies that operate in the same segment as VnF (Food & Grocery Retail) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Quick-commerce platform delivering groceries, household essentials and other everyday products in India. | 2013 | Gurugram, Haryana, India | USD 757.12 M | 11,913 |
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Related news about Vnf
Complete news archive for VnF
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Frequently Asked Questions about VnF
VnF was founded in 2018 and raised its 1st funding round 1 year after it was founded.
VnF is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Atul Kumar is the CEO of VnF, as recorded in our data. They have also founded this company.
VnF is a funded company, having raised a total of $48.01M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on May 2019.
The primary company behind VnF, Vnf Ideas Private Limited, reported revenue of ₹2.48 Cr for FY 2024, down 97% year on year.
VnF was founded in 2018 and is headquartered in Mumbai, India. A digital platform is operated to link farmers directly with retailers and customers in the agricultural sector. Produce delivery is managed efficiently and transparently, with attention given to maintaining freshness and quality. The interval between harvesting and consumption is shortened, supporting streamlined operations in the supply chain.
VnF has 35 investors. Key investors include APAR, WestBridge Capital, Gujarat Venture Finance, Orpat Group, and Sixth Sense Ventures.
The valuation of VnF is $98.89M as of Jul 2022.
VnF operates through Vnf Ideas Private Limited.
The legal entities of VnF currently have 2 directors, including Atul Kumar, Sachin Durgaprasad Chaurasia.