About XPAND
XPAND is a Retail company based in Noida (India) founded in 2021 by Sanjay Kaul. Online B2B rural aggregator platform connecting brands with kirana stores. XPAND has raised $1.5 million across 1 funding round from investors including Akash Prakash, Navin Khandelwal and Shagun Khandelwal. The company has 112 employees. Its chief executive, as recorded, is Sanjay Kaul. Its Indian entity Last Mile Channel Enhancement Private Limited reported revenue of ₹19.23 Cr. Its focus areas include B2B E-Commerce, Horizontal, Marketplace and Rural Commerce. Its competitors include Jumbotail, ShopKirana and Vilcart; 3 of its 3 listed competitors have raised funding.
Company details
XPAND was founded in 2021 and is headquartered in Noida, India. The platform operates in the B2B e-commerce sector, linking brands with rural kirana stores to facilitate order placement, inventory management, and delivery tracking. Users can purchase kirana products through the application, which is accessible on both iOS and Android devices. Operations focus on streamlining supply chains for rural retail networks.
- Headquarters Noida, India
- Employees 112
- Founders Sanjay Kaul
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website xpand.co.in
- Social LinkedIn X Facebook
- Legal Name Last Mile Channel Enhancement Private Limited
- Date of Incorporation 25 Mar, 2021
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹19.23 Cr
FY 2023 · +241% YoY
- Net Loss-₹10.96 Cr
FY 2023 · -57% margin
- EBITDA-₹10.70 Cr
FY 2023 · -56% margin
- Total Equity Funding$1.5M (USD)
in 1 rounds
- Latest Funding Round$1.5M (USD), Seed
Nov 2021
- Employee Count112
Associated legal entities of XPAND
XPAND operates through Last Mile Channel Enhancement Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Last Mile Channel Enhancement Private Limited CIN U74999DL2021PTC379252 | Active | 25 Mar 2021 | New Delhi, Delhi | ₹19.2 Cr | 112 | 2 | View details |
Funding Insights of XPAND
XPAND has successfully raised a total of $1.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.5 million completed in November 2021. 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 $1.5M
- Total Rounds 1
- Last Round Seed — $1.5M
- First Round $1.5M
(Nov 2021)
- Investors Count 16
All 1 funding rounds of XPAND 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 2021 | $1.5M | Seed | – | Akash Prakash |
16 investors in total: 3 institutional and 13 angel.
Investors in XPAND
XPAND has secured backing from 16 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Akash Prakash, Navin Khandelwal and Shagun Khandelwal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in multiple sectors are managed by Soyumm Marketing. | Mumbai, India | |||
Multiple sectors are targeted by the private equity firm. | Mumbai, India | |||
Stock and share advisory services are offered in Mumbai. | Mumbai, India | |||
AP Akash Prakash | Indian angel investor, active in tech startups, based in Mumbai. | unknown_37c5d16925dc416f9 | ||
NK Navin Khandelwal | unknown_671fe055ef8f43c38 | |||
SK Shagun Khandelwal | unknown_a5493ed9975842b7b | |||
MJ Madhu Jayakumar | unknown_8888a9218f8b4cdd8 | |||
DS Dipinder Sandhu | unknown_5e4e3536f93540959 | |||
KM Kishore Mulani | unknown_bf873c2a7a534426a | |||
JS Jyoti Sukhnani | unknown_7c1ad479b92c4d51b |
Investor details for XPAND
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Last Mile Channel Enhancement Private Limited (XPAND)
Last Mile Channel Enhancement Private Limited is the primary company behind XPAND. The board of Last Mile Channel Enhancement Private Limited currently have 2 directors; the longest-serving is Sanjay Kaul, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjay Kaul DIN 00921909 | Director | 25 Mar 2021 | 5 yrs 7 mo | Last Mile Channel Enhancement Private Limited |
| Nidhi Singh DIN 00922163 | Director | 25 Mar 2021 | 5 yrs 7 mo | Last Mile Channel Enhancement Private Limited |
People of XPAND
1 people are tracked at XPAND (1 in leadership); the tracked headcount is 112.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership |
Complete people profiles for XPAND
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Financials of XPAND
Figures of Last Mile Channel Enhancement Private Limited, the primary company behind XPAND, for FY 2023. Revenue was ₹19.23 Cr (+241% year on year). Net loss was -₹10.96 Cr (-57% margin). EBITDA was -₹10.70 Cr (-56% margin).
- ₹19.23 CrRevenue · FY 2023 · +241% YoY
- -₹10.96 CrNet loss · -57% margin
- -₹10.70 CrEBITDA · -56% margin
- ₹1.19 CrPaid-up capital
- 112Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Last Mile Channel Enhancement Private Limited are on its company page.
Detailed financial statements for XPAND
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of XPAND
2 dated milestones of XPAND, from founding to its latest funding, stage changes and deals.
- Founded XPAND is founded.
- Funding First funding round of $1.5M.
Competitors of XPAND
XPAND has 3 listed competitors in our database, 3 of them funded. They include Jumbotail, ShopKirana and Vilcart.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jumbotail.com | 2015 | Bengaluru, India | $262.79M | 437 | B2B marketplace platform connecting retailers with brands and staples producers | |
| shopkirana.com | 2015 | Indore, India | $59.21M | 277 | Provider of B2B procurement platform for grocery retailers | |
| vilcart.in | 2018 | Bengaluru, India | $31.38M | 1,214 | Tech-enabled logistics solutions are provided for rural retailers in India. |
Detailed competitors of XPAND
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Web traffic of XPAND
The website of XPAND (xpand.co.in) receives about 3.4K visits a month.
- Monthly visits3.4K
▼ 53.7% vs previous month
Top companies in Rural Ecommerce
3 companies that operate in the same segment as XPAND (Rural Ecommerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Rural B2B e-commerce and logistics platform is operated. | 2014 | Pune, Maharashtra, India | USD 461.5 M | USD 583.27 M | 1,557 | |
Provider of fintech and agritech company to connect rural communities with urban businesses | 2012 | Hyderabad, Telangana, India | USD 19.86 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 |
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Related news about Xpand
Complete news archive for XPAND
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Frequently Asked Questions about XPAND
XPAND was founded in 2021.
XPAND is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Sanjay Kaul is the CEO of XPAND, as recorded in our data. They have also founded this company.
XPAND is a funded company, having raised a total of $1.5M across 1 funding round to date. The company's 1st funding round was a Seed of $1.5M, raised on Nov 2021.
XPAND has 112 employees.
The primary company behind XPAND, Last Mile Channel Enhancement Private Limited, reported revenue of ₹19.23 Cr for FY 2023, up 241% year on year.
XPAND was founded in 2021 and is headquartered in Noida, India. The platform operates in the B2B e-commerce sector, linking brands with rural kirana stores to facilitate order placement, inventory management, and delivery tracking. Users can purchase kirana products through the application, which is accessible on both iOS and Android devices. Operations focus on streamlining supply chains for rural retail networks.
XPAND's top competitors include Jumbotail, ShopKirana and Vilcart.
XPAND has 16 investors. Key investors include Akash Prakash, Navin Khandelwal, Shagun Khandelwal, Multiplier Share And Stock Advisors, and Soyumm Marketing.
XPAND operates through Last Mile Channel Enhancement Private Limited.
The legal entities of XPAND currently have 2 directors, including Sanjay Kaul, Nidhi Singh.