DPIIT recognised startup Government of India
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Dropshop Network Private Limited - e-commerce in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹13.65 Cr
▲ 33% YoY
Net loss · FY 2023
₹23.88 Cr
Net margin -175%
EBITDA · FY 2023
-₹23.37 Cr
EBITDA margin -171.3%
Authorised capital
₹10.55 Lakh
Registered with MCA
Paid-up capital
₹2.28 Lakh
Issued & subscribed
Satisfied charges
₹6.4 Cr
No open charges
Company age
7 yrs
Est. 2019
Employees · EPFO
14
Provident fund records
About Dropshop Network Private Limited
Data last updated:
Dropshop Network Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 09 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019PTC124212. Its GSTIN is 29AAHCD2372E1ZP (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10.55 Lakh and a paid-up capital of ₹2.28 Lakh. It is led by directors Somarajasatya Vijjapu Raviteja and Rohit Walter Fernandes.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 11 1st Cross 5th A Block Koramangala, Bengaluru, Karnataka, India – 560095.
As per the financials filed for FY 2023, the company reported a revenue of ₹13.65 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net loss of ₹23.88 Cr (net margin -175%) and EBITDA of -₹23.37 Cr (EBITDA margin -171.3%). Revenue has grown at a compounded annual rate (CAGR) of 72% over three years.
The company has about 14 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Brands of Bharat and Dropshop Network. As per MCA filings, the company has satisfied charges of ₹6.4 Cr on record. The company has 12 deals on record (7 funding rounds, 4 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹65.44 Cr; the latest was in May 2024.
Dropshop Network Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0224647). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website brandsofbharat.in.
Company details
CIN U72900KA2019PTC124212
Registration Number 124212
Incorporation Date 09 May 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0224647
Recognitions & Rankings of Dropshop Network
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0224647
Contact details
Dropshop Network Private Limited's registered office is in Bengaluru, Karnataka. Its website is brandsofbharat.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address11 1st Cross 5th A Block Koramangala, Bengaluru, Karnataka, India – 560095
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of Dropshop Network Private Limited, buy the company report.
Comprehensive company report
Dropshop Network 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
Dropshop Network operates two associated brands: Brands of Bharat and Dropshop Network. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of diversified solutions for brand operation management | brandsofbharat.in | |
| Local brands are connected to mass-market consumers via a network. | dropshop.network |
Business activity
The main business activity of Dropshop Network is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Dropshop Network Private Limited, buy the company report.
Financials of Dropshop Network Private Limited
FY 2023 filings availableDropshop Network Private Limited reported revenue of ₹13.65 Cr (up 33% YoY) for FY 2023.
Revenue · FY 2023
₹13.65 Cr ▲ 33%
Net loss · FY 2023
₹23.88 Cr margin -175%
EBITDA · FY 2023
-₹23.37 Cr margin -171.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 72%
EBITDA CAGR growth
1 year
▼ 59%
3 years · compounded
▼ 187%
Revenue has grown at a compounded annual rate (CAGR) of 72% over three years, including 33% growth in the latest year. EBITDA fell 59% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹13.65 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹23.37 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹23.88 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -171.3% | |||
| Net Profit Margin | -175% | |||
| 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 Dropshop Network Private Limited, buy the company report.
Board of directors of Dropshop Network Private Limited
Dropshop Network has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Somarajasatya Vijjapu Raviteja Also directs: 25Taka Platforms Private Limited | Director | 22 Apr 2021 | 5 Years 6 Months | Current |
| Rohit Walter Fernandes Also directs: 25Taka Platforms Private Limited | Director | 09 May 2019 | 7 Years 5 Months | Current |
Auditor
Dropshop Network Private Limited is audited by M S K A & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & ASSOCIATES | FY 2023 | 105047W |
Shareholding
The shareholding of Dropshop Network Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Dropshop Network Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹6.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Sep 2021 | 100488882 | Others | ₹1 Cr | Satisfied | |
| 21 Sep 2020 | 100374092 | Others | ₹1.5 Cr | Satisfied | |
| 10 Mar 2020 | 100335378 | Others | ₹60 Lakh | Satisfied | |
| 24 Feb 2020 | 100331805 | Others | ₹3.3 Cr | Satisfied |
To see the full charge records of Dropshop Network Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Dropshop Network Private Limited has 12 deals on record (7 funding rounds, 4 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹65.44 Cr; the latest was in May 2024.
Total deals
12
Funding rounds
7
Secondary share transfers
4
Convertible or debt financing
1
Disclosed funding
₹65.44 Cr
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2022 | Funding round · Series A | ₹5.9 Cr | Investors: Axilor, Angel List |
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Inflection Point Ventures |
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: Jigar Chheda (HUF), 3 individuals Seller: Inflection Point Ventures |
| Mar 2021 | Funding round · Seed | ₹33.5 Lakh | Investors: an individual |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
To see the full deal history of Dropshop Network Private Limited, buy the company report.
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 Dropshop Network 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 Dropshop Network Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Dropshop Network has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| 25Taka Platforms Private Limited | U51909KA2022PTC162271 |
To see the full group structure of Dropshop Network Private Limited, buy the company report.
Employees & EPFO
Dropshop Network Private Limited has a workforce of 14 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
14
Active EPFO establishments
1
Employee growth
-62.16%
GST
Dropshop Network has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCD2372E1ZP | Karnataka | Active | 05 Jun 2019 |
| 07AAHCD2372E1ZV | Delhi | Active | 04 Dec 2019 |
To see the full GST registrations and return filing status of Dropshop Network Private Limited, buy the company report.
Recent activity
Dropshop Network Private Limited has 7 board changes on record since 2019: 2 appointments and 5 cessations. The latest: Nandan Venkatachalam ceased to be Additional Director on 30 Sep 2022.
AGM
Dropshop Network Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Charges
A charge registered on 20 Sep 2021 via Charge ID 100488882 with Others was fully satisfied on 28 Sep 2023.
Filing
Dropshop Network Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Ceased
Nandan Venkatachalam ceased to be Additional Director.
Ceased
Badri Pillapakkam Bahukutumbi ceased to be Additional Director.
Ceased
Somarajasatya Vijjapu Raviteja ceased to be Additional Director.
Charges
A charge registered on 21 Sep 2020 via Charge ID 100374092 with Others was fully satisfied on 26 Oct 2021.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 100488882 was registered on 20 Sep 2021.
Appointed
Somarajasatya Vijjapu Raviteja was appointed as Director.
Charges
A charge registered on 24 Feb 2020 via Charge ID 100331805 with Others was fully satisfied on 15 Mar 2021.
Charges
A charge with Others of Rs. 150.00 Lakh registered on 21 Sep 2020 with Charge ID 100374092 was modified on 03 Mar 2021.
Charges
A charge registered on 10 Mar 2020 via Charge ID 100335378 with Others was fully satisfied on 01 Mar 2021.
7 earlier events are in the company report.
Frequently asked questions
Dropshop Network is an active private limited company based in Bengaluru, Karnataka, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 09 May 2019 (7+ years old) and is registered under CIN U72900KA2019PTC124212.
Dropshop Network has 2 current directors:
- Somarajasatya Vijjapu Raviteja - Director
- Rohit Walter Fernandes - Director
The latest financial statements of Dropshop Network on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Dropshop Network is 29AAHCD2372E1ZP, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AAHCD2372E1ZV (Delhi).
The CIN (Corporate Identification Number) of Dropshop Network is U72900KA2019PTC124212. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dropshop Network was incorporated on 09 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Dropshop Network has 12 deals on record (7 funding rounds, 4 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹65.44 Cr; the latest was in May 2024.
Nandan Venkatachalam ceased to be Additional Director on 30 Sep 2022. Badri Pillapakkam Bahukutumbi ceased to be Additional Director on 20 Jul 2022. Somarajasatya Vijjapu Raviteja ceased to be Additional Director on 30 Nov 2021. Dropshop Network has 7 board changes on record in total.
Yes, Dropshop Network is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Dropshop Network is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0224647).