Bhagwandas Retail Private Limited
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Bhagwandas Retail Private Limited - overview
Established
2015
Location
Noida, Uttar Pradesh, India
Primary Industry
Internet
About
Based in India, Bhagwandas Retail Private Limited operates a B2B apparel manufacturing business, specializing in custom clothing solutions that emphasize quality, sustainability, and client-specific designs. Bhagwandas Retail Private Limited, founded in 2015 and headquartered in Noida, India, focuses on apparel manufacturing. The company was co-founded by Albin Jose, Maneet Gohil, and Sanchit Govil. In July 2022, the company raised USD 5.
5 million in a pre-Series A funding round, led by Beyond Capital Fund alongside several other investors. The company has successfully completed 3 deals, with the most recent deal dated July 19, 2022, bringing its total amount raised to USD 5. 5 million. Lal10 specializes in apparel manufacturing, providing innovative and stylish designs tailored to meet the needs of its clients.
Their core offerings include bespoke merchandising solutions, high-quality fabric sourcing, and top-tier production capabilities. The company emphasizes sustainable practices and traceability in its supply chain, ensuring transparency regarding raw materials used. Catering to a diverse clientele, Lal10 serves brands in women's wear, ethnic wear, and western wear across North America and Europe, allowing clients to engage at any stage of production to meet unique brand identities. Lal10 operates on a business-to-business (B2B) model, primarily partnering with brands and retailers for customized apparel solutions.
In 2022, the company's revenue reached USD 803,863. 20, with an EBITDA of USD -258,683. 50. The revenue structure relies on direct transactions with brands, enabling them to specify their requirements for materials, designs, and production timelines.
In July 2022, Bhagwandas Retail Private Limited raised USD 5. 5 million in a pre-Series A funding round, which will be utilized to expand its platform across the US, Japan, and the Middle East. This funding will also support the enhancement of its tech-based supply chain solutions. The company aims to increase its reach and capabilities in these new markets by focusing on the development of upcoming product lines.
Current Investors
Villgro, Intellecap, AngelList
Primary Industry
Internet
Sub Industries
Search Engines
Website
www.lal10.com
Verticals
E-commerce, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Bhagwandas Retail Private Limited - timeline of key events
Bhagwandas Retail Private Limited - financials
| Fiscal Year Ended | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 10,735 | 54,210 | 2,538,879 | 4,443,382 | 20,057,532 | 20,739,292 | 13,138,956 | - | - | - |
| % Revenue Growth (YoY) | - | 405.0% | 4583.4% | 75.0% | 351.4% | 3.4% | (36.6%) | - | - | - |
| EBITDA (USD) | (26,949) | (43,849) | (22,906) | (419,898) | (10,532,080) | (12,977,981) | (18,427,263) | - | - | - |
| Operating Income (USD) | (26,949) | (43,849) | (22,906) | (420,293) | (10,602,020) | (13,052,217) | (18,475,489) | - | - | - |
| Operating Margin | (251.0%) | (80.9%) | (0.9%) | (9.5%) | (52.9%) | (62.9%) | (140.6%) | - | - | - |
| % EBITDA Margin | (251.0%) | (80.9%) | (0.9%) | (9.4%) | (52.5%) | (62.6%) | (140.2%) | - | - | - |
| NET Income (USD) | (26,949) | (43,849) | (22,906) | (421,639) | (10,496,239) | (13,221,107) | (15,867,555) | - | - | - |
| % Net Margin | (251.0%) | (80.9%) | (0.9%) | (9.5%) | (52.3%) | (63.7%) | (120.8%) | - | - | - |
Bhagwandas Retail Private Limited - employee data
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