About WorkStore
WorkStore is a company based in Mumbai (India) founded in 2007.. WorkStore has raised $16.67 million across 4 funding rounds from investors including Staples, FEL India and Sharad Dalmia. The company has 102 employees as of August 22, 2024. WorkStore offers products and services including Facility Supplies, Corporate Gifting, Facility Automation, and Furniture. WorkStore operates in a competitive market with competitors including Make My Chairs, Dot Workplace Solutions, PinOPen, KobZo and OfficeYes, among others.
- Headquarter Mumbai, India
- Employees 102 as on 22 Aug, 2024
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Work Store Limited
- Date of Incorporation 09 Jan, 2007
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$13.9 M (USD)48.34as on Mar 31, 2023
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Net Profit
$-346.69 K (USD)8.34as on Mar 31, 2023
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EBITDA
$-391.6 K (USD)16.9as on Mar 31, 2023
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Total Equity Funding
$16.67 M (USD)
in 4 rounds
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Latest Funding Round
$1.22 M (USD), Seed
Apr 06, 2016
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Investors
Staples
& 3 more
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Employee Count
102
as on Aug 22, 2024
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Products & Services of WorkStore
WorkStore offers a comprehensive portfolio of products and services, including Facility Supplies, Corporate Gifting, Facility Automation, and Furniture. 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.
Products for office maintenance and daily needs
Items designed for business gifting and events
Tools for automating office processes and lighting
Furniture items for workspaces and home offices
Funding Insights of WorkStore
WorkStore has successfully raised a total of $16.67M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.22 million completed in April 2016. 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 4
- Last Round Seed — $1.2M
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First Round
First Round
(15 Mar 2007)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Seed - WorkStore | Valuation |
investors |
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| May, 2010 | Amount | Seed - WorkStore | Valuation |
investors |
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| Apr, 2007 | Amount | Seed - WorkStore | Valuation |
investors |
| 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 WorkStore
WorkStore has secured backing from 4 investors, including institutional and angel investors. Prominent investors backing the company include Staples, FEL India and Sharad Dalmia. 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 |
|---|---|---|---|---|
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Logistics and supply chain management services are provided by FEL.
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Founded Year | Domain | Location | |
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Office supplies and business products are distributed online to companies.
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Founded Year | Domain | Location | |
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SD
Sharad Dalmia |
Angel investor and entrepreneur, focused on tech startups in India.
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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 WorkStore
| 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 - WorkStore
| 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 |
Workstore Comparisons
Competitors of WorkStore
WorkStore 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 Make My Chairs, Dot Workplace Solutions, PinOPen, KobZo and OfficeYes, 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 |
Serves as an e-distributor specializing in office furniture.
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| domain | founded_year | HQ Location |
Functions as an e-distributor of furniture for businesses and customers.
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| domain | founded_year | HQ Location |
Online Store for Office Supplies and Housekeeping products
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| domain | founded_year | HQ Location |
Provider of work space transformation services
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| domain | founded_year | HQ Location |
An online retail store providing a wide range of office supplies.
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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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Frequently Asked Questions about WorkStore
When was WorkStore founded?
WorkStore was founded in 2007.
Where is WorkStore located?
WorkStore is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is WorkStore a funded company?
WorkStore is a funded company, having raised a total of $16.67M across 4 funding rounds to date. The company's 1st funding round was a Seed of $6.55M, raised on Mar 15, 2007.
How many employees does WorkStore have?
As of Aug 22, 2024, the latest employee count at WorkStore is 102.
What is the annual revenue of WorkStore?
Annual revenue of WorkStore is $13.9M as on Mar 31, 2023.
What does WorkStore do?
WorkStore was established in 2007 and is based in Mumbai, India. An e-commerce platform is operated for office supplies, covering categories including stationery, cleaning products, pantry items, gifting options, furniture, ink and toners, and electronics. Distribution is handled via 10 centers that reach 90 of Indian pin codes, as recorded in January 2017. The focus remains on serving business needs across the country.
Who are the top competitors of WorkStore?
WorkStore's top competitors include Make My Chairs, Innova Telecom and PinOPen.
What products or services does WorkStore offer?
WorkStore offers Facility Supplies, Corporate Gifting, Facility Automation, and Furniture.