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Daily Needs Venture Private Limited - travel and hospitality in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.37 Cr
▼ 9% YoY
Net loss · FY 2024
₹1.41 Cr
Net margin -42%
EBITDA · FY 2024
-₹74.99 Lakh
EBITDA margin -22.3%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹2.89 Lakh
Issued & subscribed
Open charges
₹66 Lakh
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
10
Provident fund records
About Daily Needs Venture Private Limited
Data last updated:
Daily Needs Venture Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 01 June 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U93010KA2021PTC148000. Its GSTIN is 29AAICD5263F1ZI (Karnataka).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹2.89 Lakh. It is led by directors including Prakash Gudnavar Veerabhadra and Vinay Kumar Reddy Mandadi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Flat No. 2C 3rd Block Alps Estate Sarjapura Main Road Bangalore South, Bengaluru, Karnataka, India – 560035.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.37 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹1.41 Cr (net margin -42%) and EBITDA of -₹74.99 Lakh (EBITDA margin -22.3%).
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sorterz. As per MCA filings, the company has open charges of ₹66 Lakh on record. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹3.45 Cr; the latest was in August 2022.
Daily Needs Venture Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0073006). For more details, the company can be reached via its website sorterz.in.
Company details
CIN U93010KA2021PTC148000
Registration Number 148000
Incorporation Date 01 June 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0073006
Key People
Prakash Gudnavar Veerabhadra Director Vinay Kumar Reddy Mandadi Director Vibha Shetty Director Recognitions & Rankings of Daily Needs Venture
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2021-22)
- Udyam number
- UDYAM-KR-03-0073006
Contact details
Daily Needs Venture Private Limited's registered office is in Bengaluru, Karnataka. Its website is sorterz.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No. 2C 3rd Block Alps Estate Sarjapura Main Road Bangalore South, Bengaluru, Karnataka, India – 560035
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Daily Needs Venture Private Limited, buy the company report.
Comprehensive company report
Daily Needs Venture Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Daily Needs Venture operates one associated brand: Sorterz. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A laundry startup offering convenient pick-up services for residential and healthcare needs. | sorterz.in |
Business activity
The main business activity of Daily Needs Venture is support service to organizations. In detail, this covers housekeeping & maintenance service.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N5 | Housekeeping & maintenance service |
To see the full business activity and turnover split of Daily Needs Venture Private Limited, buy the company report.
Financials of Daily Needs Venture Private Limited
FY 2025 filings availableDaily Needs Venture Private Limited reported revenue of ₹3.37 Cr (down 9% YoY) for FY 2024.
Revenue · FY 2024
₹3.37 Cr ▼ 9%
Net loss · FY 2024
₹1.41 Cr margin -42%
EBITDA · FY 2024
-₹74.99 Lakh margin -22.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
EBITDA CAGR growth
1 year
▲ 9%
Revenue fell 9% in the latest year. EBITDA rose 9% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹74.99 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹1.41 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -22.3% | ||
| Net Profit Margin | -42% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Daily Needs Venture Private Limited, buy the company report.
Board of directors of Daily Needs Venture Private Limited
Daily Needs Venture has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Gudnavar Veerabhadra | Director | 01 Feb 2024 | 2 Years 8 Months | Current |
| Vinay Kumar Reddy Mandadi | Director | 28 Oct 2021 | 5 Years 0 Months | Current |
| Vibha Shetty | Director | 01 Feb 2024 | 2 Years 8 Months | Current |
Auditor
Daily Needs Venture Private Limited is audited by SUNIL BHANDARY & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUNIL BHANDARY & CO. | FY 2022 | 017619S |
Shareholding
The shareholding of Daily Needs Venture Private Limited is on record for FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Daily Needs Venture Private Limited, buy the company report.
Charges & borrowings
Open charges
₹66 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jun 2023 | 100737048 | Others | ₹13 Lakh | Open | |
| 26 Apr 2023 | 100718992 | Others | ₹28 Lakh | Open | |
| 29 Sep 2022 | 100648894 | Others | ₹25 Lakh | Open |
Total charge records: 3 View all charges
Deals & funding
Daily Needs Venture Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹3.45 Cr; the latest was in August 2022.
Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹3.45 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2022 | Funding round | ₹3.25 Cr | Investors: 4 individuals |
| Nov 2021 | Funding round | ₹20 Lakh | Investors: 2 individuals |
| Oct 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Daily Needs Venture Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Daily Needs Venture Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Daily Needs Venture Private Limited has a workforce of 10 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Employee growth
42.86%
GST
Daily Needs Venture has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICD5263F1ZI | Karnataka | Active | 17 Jun 2021 |
To see the full GST registrations and return filing status of Daily Needs Venture Private Limited, buy the company report.
Recent activity
Daily Needs Venture Private Limited has 9 board changes on record since 2021: 3 appointments and 6 cessations. The latest: Prakash Gudnavar Veerabhadra ceased to be Additional Director on 29 Sep 2024.
AGM
Daily Needs Venture Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Daily Needs Venture Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Prakash Gudnavar Veerabhadra ceased to be Additional Director.
Ceased
Vibha Shetty ceased to be Additional Director.
Appointed
Prakash Gudnavar Veerabhadra was appointed as Director.
Appointed
Vibha Shetty was appointed as Director.
Ceased
Chandan Kumar Singh ceased to be Director.
Charges
A charge with Others amounted to Rs. 13.00 Lakh with Charge ID 100737048 was registered on 19 Jun 2023.
Charges
A charge with Others amounted to Rs. 28.00 Lakh with Charge ID 100718992 was registered on 26 Apr 2023.
Ceased
Blaise Julian Vas ceased to be Additional Director.
Ceased
Joshua Rajiv Rajkumar ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 25.00 Lakh with Charge ID 100648894 was registered on 29 Sep 2022.
3 earlier events are in the company report.
Frequently asked questions
Daily Needs Venture is an active private limited company based in Bengaluru, Karnataka, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 01 June 2021 (5+ years old) and is registered under CIN U93010KA2021PTC148000.
Daily Needs Venture has 3 current directors:
- Prakash Gudnavar Veerabhadra - Director
- Vinay Kumar Reddy Mandadi - Director
- Vibha Shetty - Director
The latest financial statements of Daily Needs Venture on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Daily Needs Venture is 29AAICD5263F1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Daily Needs Venture is U93010KA2021PTC148000. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Daily Needs Venture was incorporated on 01 June 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Daily Needs Venture has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹3.45 Cr; the latest was in August 2022.
Prakash Gudnavar Veerabhadra ceased to be Additional Director on 29 Sep 2024. Vibha Shetty ceased to be Additional Director on 29 Sep 2024. Prakash Gudnavar Veerabhadra was appointed as Director on 01 Feb 2024. Daily Needs Venture has 9 board changes on record in total.
Yes, Daily Needs Venture is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Daily Needs Venture is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0073006).
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