About Ximkart
Ximkart is a company based in Bengaluru (India) founded in 2021 by Ankush Mittal and Sharan Urubail. Ximkart has raised $15.32 million across 5 funding rounds from investors including Angel List, FJ Labs and Alteria Capital. The company has 68 employees as of August 05, 2024. Ximkart offers products and services including Ximkart Platform, Supplier Curation Service, and Quality Control Service. Ximkart operates in a competitive market with competitors including OfBusiness, NowPurchase, Power2SME, JSW One MSME and Tradohub, among others.
- Headquarter Bengaluru, India
- Employees 68 as on 05 Aug, 2024
- Founders Ankush Mittal, Sharan Urubail
- Stage Minicorn
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Sectors
Industrial Goods & ManufacturingRetail
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Email
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Phone
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Website
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Social
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- Legal Name Sevenloop Technology Private Limited
- Date of Incorporation 10 Apr, 2021
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$2.91 M (USD)0as on Mar 31, 2023
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Net Profit
-$745.64 K (USD)-687.85as on Mar 31, 2023
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EBITDA
-$971.58 K (USD)-750.29as on Mar 31, 2023
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Total Equity Funding
$15.32 M (USD)
in 5 rounds
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Latest Funding Round
$253.28 K (USD), Series A
Feb 29, 2024
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Investors
Angel List
& 23 more
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Employee Count
68
as on Aug 05, 2024
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Products & Services of Ximkart
Ximkart offers a comprehensive portfolio of products and services, including Ximkart Platform, Supplier Curation Service, and Quality Control Service.
Tech service for importing raw materials with quality checks.
Process to select and vet suppliers for reliable products.
On-ground checks to ensure product authenticity and standards.
People of Ximkart
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Funding Insights of Ximkart
Ximkart has successfully raised a total of $15.32M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $253.28 thousand completed in February 2024. 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 5
- Last Round Series A — $253,277
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First Round
First Round
(24 Feb 2022)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Ximkart | Valuation |
investors |
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| Jul, 2023 | Amount | Series A - Ximkart | Valuation | Z47 , Multiply Ventures | |
| Apr, 2023 | Amount | Series A - Ximkart | Valuation | Stride Ventures , Z47 |
Investors in Ximkart
Ximkart has secured backing from 24 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, FJ Labs and Alteria Capital.
| Investor | Description | Founded Year | Domain | Location |
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Venture debt funding and structured finance for innovative startups in India.
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Founded Year | Domain | Location | |
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Venture debt is provided to growth-stage companies for business scaling.
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Founded Year | Domain | Location | |
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Private debt and equity funds are managed for technology sectors.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ximkart
Financial Statements - Ximkart
Ximkart Comparisons
Competitors of Ximkart
Ximkart 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 OfBusiness, NowPurchase, Power2SME, JSW One MSME and Tradohub, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of B2B platform for raw material procurement and credit access
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| domain | founded_year | HQ Location |
Tech-interfaced procurement marketplace is operated for metal manufacturers.
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| domain | founded_year | HQ Location |
Provider of a B2B digital marketplace offering multi-category industrial products
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| domain | founded_year | HQ Location |
Retailer of various steel products including mild, stainless, and structural
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| domain | founded_year | HQ Location |
Operates an online group buying platform for raw materials tailored to MSMEs.
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Latest news on Ximkart
Frequently Asked Questions about Ximkart
Ximkart was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Ximkart is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sharan Urubail is the current CEO of Ximkart. They have also founded this company.
Ximkart is a funded company, having raised a total of $15.32M across 5 funding rounds to date. The company's 1st funding round was a Series A of $5.27M, raised on Feb 24, 2022.
As of Aug 05, 2024, the latest employee count at Ximkart is 68.
Annual revenue of Ximkart is $2.91M as on Mar 31, 2023.
Ximkart was established in 2021 in Bengaluru, India, as an online platform for B2B cross-border trade. Industrial raw materials, including metals, minerals, calcium carbonate, dead burnt magnesia, turpentine oil, silicon, and alloy wheels, are featured in the product catalog. Operations focus on facilitating transactions between businesses across borders in the industrial sector, with emphasis on diverse material sourcing and supply.
Ximkart's top competitors include NowPurchase, JSW One MSME and OfBusiness.
Ximkart offers Ximkart Platform, Supplier Curation Service, and Quality Control Service.
Ximkart has 24 investors. Key investors include Angel List, FJ Labs, Alteria Capital, Multiply Ventures, and Meru.
The valuation of Ximkart is $22.14M as of Jul 2023.