India's Most Valuable Companies 2022 edition · Source: Hurun India
Rank#250- Valuation
- ₹14,100 Cr
Revenue · FY 2025
₹523.52 Cr
▼ 13% YoY
Net loss · FY 2025
₹87.65 Cr
Net margin -16.7%
EBITDA · FY 2025
-₹81.91 Cr
EBITDA margin -15.6%
Authorised capital
₹48.25 Lakh
Registered with MCA
Paid-up capital
₹40.34 Lakh
Issued & subscribed
Satisfied charges
₹167 Cr
No open charges
Company age
8 yrs
Est. 2018
Employees · EPFO
504
Provident fund records
About Merabo Labs Private Limited
Data last updated:
Merabo Labs Private Limited is a private limited company based in Jaipur, Rajasthan, India. It operates in the online grocery platforms segment of the e-commerce sector. It was incorporated on 05 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U74999RJ2018PTC062179. Its GSTIN is 08AAMCM0523D1ZS (Rajasthan). The company holds 12 GST registrations, all of them active.
The company has an authorised share capital of ₹48.25 Lakh and a paid-up capital of ₹40.34 Lakh. It is led by directors including Sourjyendu Medda and Rustom Dinshaw Batlivala.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2nd Floor C – 17 Yogi Tower Mahalaxmi Nagar, Malviya Nagar Jaipur Rajasthan, Rajasthan, India – 302017.
As per the financials filed for FY 2025, the company reported a revenue of ₹523.52 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net loss of ₹87.65 Cr (net margin -16.7%) and EBITDA of -₹81.91 Cr (EBITDA margin -15.6%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 55% over five years.
The company has about 504 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: DealShare. As per MCA filings, the company has satisfied charges of ₹167 Cr on record. Court records list 31 cases involving the company, including 18 filed by the company and 13 filed against it; 11 cases are pending. The company has 16 deals on record (10 funding rounds, 5 secondary share transfers, 1 rights issue), with disclosed funding of ₹2,936.82 Cr; the latest was in February 2022. Its 4 peer companies in the Ecommerce and Internet industry (Grocery), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 2 smaller; the largest is Amolakchand Ankur Kothari Enterprises Private Limited with revenue of ₹809.19 Cr. The company has 7 MSME Form 1 returns on record between 2022 and 2024, listing 940 overdue payments to 99 micro and small suppliers.
For more details, the company can be reached via its website dealshare.in.
Company details
CIN U74999RJ2018PTC062179
Registration Number 062179
Incorporation Date 05 September 2018
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Key People
Kamaldeep Singh Ceo Sourjyendu Medda Nominee Director Rustom Dinshaw Batlivala Nominee Director Recognitions & Rankings of Merabo Labs
Contact details
Merabo Labs Private Limited's registered office is in Jaipur, Rajasthan. Its website is dealshare.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2nd Floor C – 17 Yogi Tower Mahalaxmi Nagar, Malviya Nagar Jaipur Rajasthan, Rajasthan, India – 302017
- IndustryE-Commerce, Online Grocery Platforms
To see the full contact details of Merabo Labs Private Limited, buy the company report.
Comprehensive company report
Merabo Labs 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
Merabo Labs operates one associated brand: DealShare. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online social deal-sharing platform for multi-category products | dealshare.in |
Business activity
The main business activity of Merabo Labs is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Merabo Labs Private Limited, buy the company report.
Financials of Merabo Labs Private Limited
FY 2024 filings availableMerabo Labs Private Limited reported revenue of ₹523.52 Cr (down 13% YoY) for FY 2025.
Revenue · FY 2025
₹523.52 Cr ▼ 13%
Net loss · FY 2025
₹87.65 Cr margin -16.7%
EBITDA · FY 2025
-₹81.91 Cr margin -15.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 35%
5 years · compounded
▲ 55%
EBITDA CAGR growth
1 year
▲ 46%
3 years · compounded
▲ 41%
5 years · compounded
▼ 23%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 55%. EBITDA rose 46% 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 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 | -₹81.91 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹87.65 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -15.6% | ||||
| Net Profit Margin | -16.7% | ||||
| 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 Merabo Labs Private Limited, buy the company report.
Board of directors and KMP of Merabo Labs Private Limited
Merabo Labs Private Limited currently reports 4 directors and 1 key managerial person. 11 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sourjyendu Medda Also directs: Jambavan Academy Private Limited | Nominee Director | 08 Mar 2024 | 2 Years 7 Months | Current |
| Kamaldeep Singh Also directs: Merabo Commerce Private Limited | Ceo | 25 Mar 2024 | 2 Years 7 Months | Current |
| Rustom Dinshaw Batlivala | Nominee Director | 22 May 2023 | 3 Years 5 Months | Current |
| Utsav Mitra Also directs: Hampshire House Management LLP, Advanta Enterprises Limited, Mensa Brand Technologies Private Limited and 4 more | Nominee Director | 22 May 2023 | 3 Years 5 Months | Current |
| Deep Varma | Nominee Director | 22 May 2023 | 3 Years 5 Months | Current |
Peer comparison
Merabo Labs Private Limited is compared with the 4 companies closest to it by revenue in the Ecommerce and Internet industry (Grocery), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Amolakchand Ankur Kothari Enterprises Private Limited | ₹809.19 Cr (FY 2023) | 114.0% | Bangalore, Karnataka, India | |||
| Hypersquare Convenience Private Limited | ₹701.58 Cr (FY 2023) | 2511.0% | Girinagar, Karnataka, India | |||
| Merabo Labs Private Limitedthis company | ₹523.52 Cr (FY 2025) | -₹87.65 Cr | -16.7% | -13.0% | 504 | Jaipur, Rajasthan, India |
| Lynks Logistics Limited | ₹418.73 Cr (FY 2024) | -14.0% | Chennai, Tamil Nadu, India | |||
| Growgreenherbs Modern Retails Private Limited | ₹338.06 Cr (FY 2025) | -4.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Merabo Labs Private Limited, buy the company report.
Auditor
Merabo Labs Private Limited is audited by B S R & Co. Llp for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. Llp | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Merabo Labs Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Merabo Labs Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹167 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2022 | 100612492 | The Hongkong and Shanghai Banking Corporation Limited | ₹50 Cr | Satisfied | |
| 27 Apr 2021 | 100446054 | Others | ₹10 Cr | Satisfied | |
| 16 Apr 2021 | 100442387 | Others | ₹70 Cr | Satisfied | |
| 20 Jan 2021 | 100418996 | Others | ₹10 Cr | Satisfied | |
| 20 Jan 2021 | 100418995 | Others | ₹15 Cr | Satisfied |
To see the full charge records of Merabo Labs Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Merabo Labs Private Limited has 16 deals on record (10 funding rounds, 5 secondary share transfers, 1 rights issue), with disclosed funding of ₹2,936.82 Cr; the latest was in February 2022.
Total deals
16
Funding rounds
10
Secondary share transfers
5
Rights issue
1
Disclosed funding
₹2,936.82 Cr
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Rights issue | ₹83.14 Cr | Investors: 3 individuals |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: Whiteboard Capital Seller: 360 ONE (IIFL Asset Management) |
| Sep 2021 | Funding round · Series D | ₹185.5 Cr | Investors: Alpha Wave Global, 3 individuals |
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: 360 ONE (IIFL Asset Management), LogX Ventures Seller: 4 individuals |
| Jul 2021 | Funding round · Series D | ₹587.03 Cr | Investors: Tiger Global, Westbridge Capital Partners, DST Global Investments |
To see the full deal history of Merabo Labs 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
Merabo Labs Private Limited has 31 court cases on record: 18 filed by Merabo Labs, 13 filed against it. 11 cases are pending and 20 are disposed.
Total cases
31
Filed by the company
18
Filed against the company
13
Pending
11
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 10 | 10 |
| High courts | 5 | 3 | 1 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.A.P.) | Filed against the company by M/S Qwy Technologies Private Limited | Pending |
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed by the company against Transacart India Infolabs Pvt. Ltd. | Pending |
| District court, East, Delhi | Commercial suit | Filed against the company by an individual | Pending |
| District court, Jaipur Metro II, Rajasthan | Court case (Complaint) | Filed against the company | Pending |
| District court, South West, Delhi | Court case (CS DJ ADJ) | Filed by the company against Achhaagro India | Pending |
To see the full case history of Merabo Labs Private Limited, buy the company report.
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.
MSME payment delays
Merabo Labs Private Limited has 7 MSME Form 1 returns on record between 2022 and 2024, listing 940 overdue payments to 99 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 99)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Balaji Agro Private Limited | |||
| Sanskriti Fresh Foods Private Limited | |||
| The Service Company (NCR) | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Merabo Labs Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Merabo Labs 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 |
|---|---|---|
| Merabo Commerce Private Limited | U15400KA2022PTC159839 |
To see the full group structure of Merabo Labs Private Limited, buy the company report.
Employees & EPFO
Merabo Labs Private Limited has a workforce of 504 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
504
Active EPFO establishments
1
Employee growth
-56.51%
GST
Merabo Labs has 12 GST registrations: 12 active. The first 4 active GSTINs are listed below.
Total GSTINs
12
Active
12
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAMCM0523D1ZS | Rajasthan | Active | 04 Oct 2018 |
| 08AAMCM0523D2ZR | Rajasthan | Active | 01 Mar 2022 |
| 24AAMCM0523D1ZY | Gujarat | Active | 15 Jul 2019 |
| 27AAMCM0523D1ZS | Maharashtra | Active | 02 Dec 2019 |
To see the full GST registrations and return filing status of Merabo Labs Private Limited, buy the company report.
Recent activity
Merabo Labs Private Limited has 17 board changes on record since 2022: 7 appointments and 10 cessations. The latest: Kamaldeep Singh ceased to be Additional Director on 29 Sep 2024.
AGM
Merabo Labs Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Kamaldeep Singh ceased to be Additional Director.
Filing
Merabo Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jaipur.
Appointed
Ashish Shah was appointed as CFO.
Appointed
Kamaldeep Singh was appointed as CEO.
Appointed
Sourjyendu Medda was appointed as Nominee Director.
Ceased
Sourjyendu Medda ceased to be Director.
Ceased
Venkatesh Lakshminarayanan Tarakkad ceased to be CFO.
Charges
A charge registered on 28 Sep 2022 via Charge ID 100612492 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 22 Feb 2024.
Ceased
Sankar Bora ceased to be Director.
Ceased
Deep Varma ceased to be Additional Director.
Ceased
Karthik Natarajan ceased to be Additional Director.
21 earlier events are in the company report.
News
Frequently asked questions
Merabo Labs is an active private limited company based in Jaipur, Rajasthan, India. The company works in online grocery platforms, within the e-commerce industry. It was incorporated on 05 September 2018 (8+ years old) and is registered under CIN U74999RJ2018PTC062179.
Merabo Labs has 5 current directors and KMP:
- Sourjyendu Medda - Nominee Director
- Rustom Dinshaw Batlivala - Nominee Director
- Utsav Mitra - Nominee Director
- Deep Varma - Nominee Director
- Kamaldeep Singh - Ceo
The latest financial statements of Merabo Labs on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Merabo Labs is 08AAMCM0523D1ZS, registered in Rajasthan. The company has 12 GST registrations in all, of which 12 are active. Other active GSTINs include 08AAMCM0523D2ZR (Rajasthan), 24AAMCM0523D1ZY (Gujarat), 27AAMCM0523D1ZS (Maharashtra).
The CIN (Corporate Identification Number) of Merabo Labs is U74999RJ2018PTC062179. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merabo Labs has 31 court cases on record: 18 filed by the company and 13 filed against it. 11 are pending. Most are in the district courts.
Merabo Labs was incorporated on 05 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Jaipur.
Merabo Labs has 16 deals on record (10 funding rounds, 5 secondary share transfers, 1 rights issue), with disclosed funding of ₹2,936.82 Cr; the latest was in February 2022.
The peers of Merabo Labs by revenue are Amolakchand Ankur Kothari Enterprises Private Limited, Hypersquare Convenience Private Limited, Lynks Logistics Limited, Growgreenherbs Modern Retails Private Limited, all in the Ecommerce and Internet industry (Grocery), with the same principal business activity (wholesale trading).
Kamaldeep Singh ceased to be Additional Director on 29 Sep 2024. Ashish Shah was appointed as CFO on 25 Mar 2024. Kamaldeep Singh was appointed as CEO on 25 Mar 2024. Merabo Labs has 17 board changes on record in total.
Merabo Labs has 7 MSME Form 1 returns on record between 2022 and 2024, listing 940 overdue payments to 99 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Merabo Labs can be reached through the website dealshare.in. Its registered office is in Jaipur, Rajasthan, India.
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