About Madrat 24 Labs Private Limited
Data last updated:
Madrat 24 Labs Private Limited is a private limited company based in Bangalore, Karnataka, India. It was incorporated on 01 April 2024.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U82990KA2024PTC186891.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.19 Lakh. It is led by directors Karishma Rathaur and Vivek Madani (Individual Subscriber).
The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.94 Lakh. For the same year it recorded a net loss of ₹45.23 Lakh (net margin -413.4%) and EBITDA of -₹43.67 Lakh (EBITDA margin -399.2%).
The company is associated with 1 brand: Honestly. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹31.64 Cr; the latest was in September 2026. Its 10 peer companies in the Ecommerce and Internet industry (Online Service Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Zala E-Rural Private Limited with revenue of ₹11.19 Lakh.
For more details, the company can be reached via its website honestly.club.
Company details
Contact details
Madrat 24 Labs Private Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered AddressHd – 189 Wework Salarpuria Symbiosis Arekere Village, Begur Hobli, Bangalore, Karnataka, India – 560076
- 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
Brands
Madrat 24 Labs operates one associated brand: Honestly. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Skincare products are discovered and purchased via a recommendation platform. | askhonestly.ai |
Financials of Madrat 24 Labs Private Limited
Madrat 24 Labs Private Limited reported revenue of ₹10.94 Lakh for FY 2025.
Financial Statement Summary
| Metrics | FY 2024-25 |
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| EBITDA | -₹43.67 Lakh |
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| Net Profit (PAT) | -₹45.23 Lakh |
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Financial Ratios
| Metrics | FY 2024-25 |
|---|---|
| Profitability | |
| EBITDA Margin | -399.2% |
| Net Profit Margin | -413.4% |
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To see the full financial statements and ratios of Madrat 24 Labs Private Limited, buy the company report.
Board of directors of Madrat 24 Labs Private Limited
Madrat 24 Labs has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karishma Rathaur Also directs: Firi Commerce Private Limited, Madrat Technologies Private Limited | Director | 01 Apr 2024 | 2 Years 7 Months | Current |
| Vivek Madani Also directs: Firi Commerce Private Limited, Madrat Technologies Private Limited | Individual Subscriber | 01 Apr 2024 | 2 Years 7 Months | Current |
Peer comparison
Madrat 24 Labs Private Limited is compared with the 10 companies closest to it by revenue in the Ecommerce and Internet industry (Online Service Providers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zala E-Rural Private Limited | ₹11.19 Lakh (FY 2025) | -64.0% | Mehsana, Gujarat, India | |||
| GPK Logistech Private Limited | ₹11.11 Lakh (FY 2023) | Mumbai, Maharashtra, India | ||||
| Namoassi Services Private Limited | ₹11.09 Lakh (FY 2024) | 261.0% | Mughalsarai, Uttar Pradesh, India | |||
| LSK Online Services Private Limited | ₹10.99 Lakh (FY 2025) | 10.0% | Jaipur, Rajasthan, India | |||
| John Milan Innovations Private Limited | ₹10.95 Lakh (FY 2024) | -59.0% | Zirakpur, Punjab, India | |||
| Madrat 24 Labs Private Limitedthis company | ₹10.94 Lakh (FY 2025) | -₹45.23 Lakh | -413.4% | Bangalore, Karnataka, India | ||
| Shoppingara Private Limited | ₹10.78 Lakh (FY 2024) | 2769.0% | Mumbai, Maharashtra, India | |||
| Ucommu IT Solutions Private Limited | ₹10.76 Lakh (FY 2025) | 107484.0% | Bangalore, Karnataka, India | |||
| Rosharan Technologies Private Limited | ₹10.69 Lakh (FY 2025) | Bangalore, Karnataka, India | ||||
| Thrivedge Edutech Private Limited | ₹10.66 Lakh (FY 2025) | -40.0% | Gurgaon, Haryana, India | |||
| Trymd Technologies Private Limited | ₹10.66 Lakh (FY 2024) | 1748.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Madrat 24 Labs Private Limited, buy the company report.
Deals & funding
Madrat 24 Labs Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹31.64 Cr; the latest was in September 2026.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | Funding round · Seed | ₹28.74 Cr | Investors: 360 ONE (IIFL Asset Management), Better Capital, Other angel investors |
| Jun 2024 | Funding round · Pre-seed | ₹2.9 Cr | Investors: Better Capital, 3 individuals |
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 Madrat 24 Labs 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 Madrat 24 Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Madrat 24 Labs Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Madrat 24 Labs Private Limited has 4 board changes on record since 2024: 2 appointments and 2 cessations. The latest: Devkishan Bulchand Madani ceased to be Director on 24 Apr 2024.
Frequently asked questions
Madrat 24 Labs is an active private limited company based in Bangalore, Karnataka, India. It was incorporated on 01 April 2024 (2+ years old) and is registered under CIN U82990KA2024PTC186891.
Madrat 24 Labs has 2 current directors:
- Karishma Rathaur - Director
- Vivek Madani - Individual Subscriber
The CIN (Corporate Identification Number) of Madrat 24 Labs is U82990KA2024PTC186891. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madrat 24 Labs was incorporated on 01 April 2024, making it 2+ years old. It is registered with the Registrar of Companies, Bangalore.
Madrat 24 Labs has 2 deals on record (2 funding rounds), with disclosed funding of ₹31.64 Cr; the latest was in September 2026.
The peers of Madrat 24 Labs by revenue are Zala E-Rural Private Limited, GPK Logistech Private Limited, Namoassi Services Private Limited, LSK Online Services Private Limited, John Milan Innovations Private Limited and 5 more, all in the Ecommerce and Internet industry (Online Service Providers).
Devkishan Bulchand Madani ceased to be Director on 24 Apr 2024. Vivek Madani ceased to be Additional Director on 24 Apr 2024. Karishma Rathaur was appointed as Director on 01 Apr 2024. Madrat 24 Labs has 4 board changes on record in total.
Madrat 24 Labs can be reached through the website honestly.club. Its registered office is in Bangalore, Karnataka, India.
The registered office of Madrat 24 Labs is at Hd – 189 Wework Salarpuria Symbiosis Arekere Village, Begur Hobli, Bangalore, Karnataka, India – 560076.
Madrat 24 Labs has 1 associated brand: Honestly.
Madrat 24 Labs is registered under the jurisdiction of the Registrar of Companies (ROC), Bangalore.
Sample company reports
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