About Localcube Commerce Private Limited
Data last updated:
Localcube Commerce Private Limited is a private limited company based in Bangalore, 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 17 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51909KA2012PTC063576. Its GSTIN is 29AACCL2418A1ZZ (Karnataka). The company holds 10 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹6.92 Lakh and a paid-up capital of ₹3.7 Lakh. It is led by directors including Sridhar Gundaiah and Hans Jurgen Schmitz.
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 No.14 – F – 1 Kumbalgudu Industrial Area 2nd Phase Kumbalgudu, Bangalore, Karnataka, India – 560074.
As per the financials filed for FY 2025, the company reported a revenue of ₹360.78 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net loss of ₹14.19 Cr (net margin -3.9%) and EBITDA of -₹12.05 Cr (EBITDA margin -3.3%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 4% over five years.
The company has about 140 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: StoreKing. As per MCA filings, the company has open charges of ₹11 Cr and satisfied charges of ₹38.01 Cr on record. Court records list 14 cases involving the company, including 11 filed by the company and 3 filed against it; 1 case is pending. The company has 22 deals on record (13 funding rounds, 9 secondary share transfers), with disclosed funding of ₹315.53 Cr; the latest was in November 2024. Its 10 peer companies in the Consumer Services industry (Broad Based Ecommerce, Hypermarkets) are compared by revenue, 5 larger and 5 smaller; the largest is KPN Farm Fresh Private Limited with revenue of ₹400.22 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website storeking.in.
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- TelephoneLocked
- Website
- Social Media
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- Registered AddressNo.14 – F – 1 Kumbalgudu Industrial Area 2nd Phase Kumbalgudu, Bangalore, Karnataka, India – 560074
- IndustryE-Commerce, General E-Commerce Platforms
- 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
- One PDF report, delivered after checkout
Business Activity of Localcube Commerce Private Limited
The main business activity of Localcube Commerce is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Localcube Commerce Private Limited FY 2025 filings available
Localcube Commerce Private Limited reported revenue of ₹360.78 Cr (up 45% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Localcube Commerce Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 45% growth in the latest year. EBITDA rose 28% 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 of Localcube Commerce Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹12.05 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹14.19 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 of Localcube Commerce Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -3.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Localcube Commerce are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Localcube Commerce Private Limited
Localcube Commerce Private Limited is compared with the companies closest to it by revenue in the Consumer Services industry (Broad Based Ecommerce, Hypermarkets). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| KPN Farm Fresh Private Limited | ₹400.22 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Chennai, Tamil Nadu, India |
| Victory Bazars Private Limited | ₹393.51 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Ravulapalem, Andhra Pradesh, India |
| Aadhaar Retailing Limited | ₹387.58 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Mumbai, Maharashtra, India |
| Citylife Retail Private Limited | ₹385.49 Cr (FY 2020) | •••• | •••• | -46.0% | •••• | Kolkata, West Bengal, India |
| Acevector Limited | ₹384.74 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | New Delhi, Delhi, India |
| Localcube Commerce Private Limited this company | ₹360.78 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Bangalore, Karnataka, India |
| Sriveda Sattva Private Limited | ₹332.45 Cr (FY 2024) | •••• | •••• | 29.0% | •••• | Bangalore, Karnataka, India |
| Natures Basket Limited | ₹323.36 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Kolkata, West Bengal, India |
| Cial Dutyfree and Retail Services Limited | ₹321.21 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Kochi Airport P.O, Kerala, India |
| Tata Unistore Limited | ₹296.32 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Velavan Hyper Market Private Limited | ₹290.3 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Tuticorin, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Localcube Commerce by revenue in the Consumer Services industry (Broad Based Ecommerce, Hypermarkets), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Localcube Commerce Private Limited
Localcube Commerce Private Limited is audited by B S R & Associates LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Associates LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Localcube Commerce Private Limited
Localcube Commerce has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sridhar Gundaiah | Director | 17 Apr 2012 | 14 Years 6 Months | Current |
| Gautam Saxena | Nominee Director | 17 Mar 2020 | 6 Years 7 Months | Current |
| Hans Jurgen Schmitz | Director | 01 Jun 2012 | 14 Years 4 Months | Current |
Ownership and Shareholding of Localcube Commerce Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Localcube Commerce Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Mar 2025 | Others | ₹3 Cr | Open |
| 10 Jan 2025 | Others | ₹2 Cr | Open |
| 31 May 2024 | Others | ₹6 Cr | Open |
| 04 Apr 2024 | Others | ₹2 Cr | Satisfied |
| 26 May 2022 | Others | ₹4.76 Cr | Satisfied |
Total charge records: 8 View all charges
Deals & Funding of Localcube Commerce Private Limited
Localcube Commerce Private Limited has 22 deals on record (13 funding rounds, 9 secondary share transfers), with disclosed funding of ₹315.53 Cr; the latest was in November 2024.
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2023 | Secondary share transfer | Undisclosed | Buyer: Mangrove Capital Partners, Axiata Investments Seller: Clareville Capital Opportunities Master Fund Limited |
| Jul 2023 | Secondary share transfer | Undisclosed | Buyer: Clareville Capital Opportunities Master Fund Limited Seller: Silver Cap Limited |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: Silver Cap Limited, Mangrove Capital Partners, an individual Seller: an individual |
| Jan 2020 | Secondary share transfer | Undisclosed | Buyer: Aca Partners Pte Limited Seller: Silver Cap Limited |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
Full deal history
All 22 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Localcube Commerce Private Limited
Localcube Commerce Private Limited has 14 court cases on record: 11 filed by Localcube Commerce, 3 filed against it. 1 case is pending and 13 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 2 | 0 |
| High courts | 4 | 1 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed against the company by Ecom Express Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Deputy Commissioner of Income Tax | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Additional / Joint / Deputy / Assistant Commissioner of Income Tax | Disposed |
| District court, Krishna, Andhra Pradesh | Civil suit | Filed against the company by M/S.Navata Road Transport | Disposed |
Full case history
All 14 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Localcube Commerce Private Limited
Localcube Commerce operates one associated brand: StoreKing. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online supermarket services are provided to small-town retailers. | storeking.in |
Employees and EPFO Compliance at Localcube Commerce Private Limited
Localcube Commerce Private Limited has a workforce of 140 employees as of Mar 27, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Localcube Commerce Private Limited
Localcube Commerce Private Limited has 7 board changes on record since 2012: 3 appointments and 4 cessations. The latest: Mukesh Abhaykumar Valabhji ceased to be Nominee Director on 01 Dec 2021.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Localcube Commerce Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Localcube Commerce Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Localcube Commerce Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Localcube Commerce Private Limited
Localcube Commerce has 10 GST registrations: 8 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCL2418A1ZZ | Karnataka | Active | 01 Jul 2017 |
| 29AACCL2418A1CA | Karnataka | Active | 31 May 2019 |
| 27AACCL2418A1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 33AACCL2418A1ZA | Tamil Nadu | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Localcube Commerce Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Localcube Commerce Private Limited
Frequently Asked Questions about Localcube Commerce Private Limited
Localcube Commerce is an active private limited company based in Bangalore, Karnataka, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 17 April 2012 (14+ years old) and is registered under CIN U51909KA2012PTC063576.
Localcube Commerce reported revenue of ₹360.78 Cr for FY 2025 (up 45% YoY).
Localcube Commerce has 3 current directors:
- Sridhar Gundaiah - Director
- Gautam Saxena - Nominee Director
- Hans Jurgen Schmitz - Director
Localcube Commerce reported a net loss of ₹14.19 Cr (net margin -3.9%) and EBITDA of -₹12.05 Cr (EBITDA margin -3.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Localcube Commerce is 15% over three years and 4% over five years. In the latest year (FY 2025) revenue rose 45%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Localcube Commerce is 29AACCL2418A1ZZ, registered in Karnataka. The company has 10 GST registrations in all, of which 8 are active and 2 are cancelled or inactive. Other active GSTINs include 29AACCL2418A1CA (Karnataka), 27AACCL2418A1Z3 (Maharashtra), 33AACCL2418A1ZA (Tamil Nadu).
The CIN (Corporate Identification Number) of Localcube Commerce is U51909KA2012PTC063576. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Localcube Commerce has 14 court cases on record: 11 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Localcube Commerce was incorporated on 17 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Localcube Commerce has 22 deals on record (13 funding rounds, 9 secondary share transfers), with disclosed funding of ₹315.53 Cr; the latest was in November 2024.
The peers of Localcube Commerce by revenue are KPN Farm Fresh Private Limited, Victory Bazars Private Limited, Aadhaar Retailing Limited, Citylife Retail Private Limited, Acevector Limited and 5 more, all in the Consumer Services industry (Broad Based Ecommerce, Hypermarkets).