Odicea Distribution Technologies Pvt. Ltd.
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Odicea Distribution Technologies Pvt. Ltd. - overview
Established
2018
Location
Gurgaon, Haryana, India
Primary Industry
Software
About
Based in Gurgaon, India, and founded in 2018 by Kumar Sangeetesh, Sachin Sharma, and Abhishek Halder, Odicea Distribution Technologies, trading under the name of 1K Kirana Bazaar, provides 1K Network for the store owners both online and offline store networks. The company has 150 stores and serving approximately one lakh consumers as of 2021. In August 2021, Odicea Distribution Technologies raised INR 520 million in Series A funding from Info Edge Ventures, Falcon Edge, Kae Capital, and individual investors. Odicea Distribution Technologies works with the store owners to provide a 1K Network to compete with both online and offline retail networks.
The company's platform organizes the non-urban retail ecosystem. As part of the funding in 2021, Odicea Distribution Technologies plans to expand to approximately 1,000 Kirana store partnerships in the next year and serve more than a million consumers.
Current Investors
Blue Wolf Capital Partners, Alpha Wave Global, Kae Capital
Primary Industry
Software
Sub Industries
Supermarkets & Grocery Stores, Analytics & Performance Software, Application Integration Software, Sales & Marketing Software, Systems Management Software
Website
www.1knetworks.com
Verticals
Artificial Intelligence, Cloud Computing, IoT (Internet of Things), Mobile Apps
Company Stage
Series B
Total Amount Raised
Subscriber access only
Odicea Distribution Technologies Pvt. Ltd. - timeline of key events
Odicea Distribution Technologies Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|
| Revenue (USD) | 58,488 | 74,732,190 | - | - | - |
| % Revenue Growth (YoY) | - | 127673.5% | - | - | - |
| EBITDA (USD) | (89,512) | (20,958,848) | - | - | - |
| Operating Income (USD) | (98,042) | (21,814,914) | - | - | - |
| Operating Margin | (167.6%) | (29.2%) | - | - | - |
| % EBITDA Margin | (153.0%) | (28.0%) | - | - | - |
| NET Income (USD) | (100,417) | (21,980,803) | - | - | - |
| % Net Margin | (171.7%) | (29.4%) | - | - | - |
Odicea Distribution Technologies Pvt. Ltd. - employee data
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