Almo - Company Profile

Q: Where is Almo located?

Almo is located in Gurgaon, India .

Q: What sectors and market segments does Almo operate in?

Almo serves in the B2C space in the Retail , Consumer Goods market segments.

Q: The primary business models of Almo are:

Retail > ********* ** **** ** > ****** , Consumer Goods > ********* ** **** ** > ******

Q: Which legal entities is Almo associated with?

Almo is associated with 1 legal entity - ALMO DIGITAL PRIVATE LIMITED.

Q: Who are the investors in Almo?

Almo has 14 institutional investors including IPV , LetsVenture and Wellfound . AngelList is the largest institutional investor in Almo. Nitin Gupta and 64 others are Angel Investors in Almo.

Almo Key Metrics

Founded Year: 2020
Location: Gurgaon, India
Company Stage: Seed
Total Funding: $2.24M
Latest Funding Round: $2M, Seed, Jan 03, 2022
Employee Count: 29 as on Mar 31, 2024 View historical trend

Valuation: $6.54M as on Jun 09, 2022
Annual Revenue: $855K as on Mar 31, 2023
Competitor Rank: 3rd out of 13 competitors with a Tracxn Score of 53/100 What is this?
Acquisitions: Almo has not made any acquisitions yet
Investments: Almo has not made any investments yet

Company profile of Almo

What does Almo do?

Internet first brand offering performance casual wear for men. The product catalog includes t-shirts, shorts, trunks, briefs, boxer briefs, vests, undershirts, etc. The company claims its products are made from performance fabric and have features like breathable, anti-microbial, etc.

What sectors and market segments does Almo operate in?

Almo serves in the B2C space in the Retail, Consumer Goods market segments.

The primary business models of Almo are:

Retail > ********* ** **** ** > ******Consumer Goods > ********* ** **** ** > ******

Which legal entities is Almo associated with?

Almo is associated with 1 legal entity given below:

Legal Entity Name	Date of incorporation	Revenue	Net Profit	Employee Count
ALMO DIGITAL PRIVATE LIMITED	Mar 15, 2018	$855K (as on Mar 31, 2023)	-$608K (as on Mar 31, 2023)	481

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Funding and Investors of Almo

How much funding has Almo raised till date?

Almo has raised a total funding of $2.24M over 2 rounds. It's first funding round was on Nov 21, 2020. It's latest funding round was a Seed round on Jan 03, 2022 for $2M. 58 investors participated in it's latest round, lead by IPV.

List of recent funding rounds of Almo

Date of funding	Funding Amount	Round Name	Post money valuation	Revenue multiple	Investors
Jan 03, 2022	$2M	Seed	6352140	4730856	IPV, LetsVenture, and 56 more
Nov 21, 2020	$243K	Seed	2417973	6662158	Sanjeev Kakar, Rohit Chanana, and 20 more

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Who are the investors in Almo?

Almo has 14 institutional investors including IPV, LetsVenture and Wellfound. AngelList is the largest institutional investor in Almo. Nitin Gupta and 64 others are Angel Investors in Almo.

View details of Almo funding rounds and investors

Who are the CEO, Founders and Directors of Almo?

Muskaan Jain, Co-Founder & Director, is a founder of 1 company and on the board of 1 company. 2 email.
Abhishek Shah, Co-Founder, is a founder of 4 companies, an Angel investor in 11 companies and on the board of 2 companies. 3 email and 1 phone number.
Chhavi Bhardwaj Kargaonkar, Co-Founder, is a founder of 1 company. 1 email.
Subir Ghosh, Co-Founder, is a founder of 1 company and on the board of 1 company.

How many employees does Almo have?

Almo has 29 employees as of Mar 24. The total employee count is 11.5% more than what it was in Mar 23.

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View details of Almo's Founder profiles and Board Members

Competitors of Almo

Competitive landscape of Almo

Almo has a total of 13 competitors and it ranks 3 rd among them. 5 of its competitors are funded while 2 have exited. Overall, Almo and its competitors have raised over $20.4M in funding across 16 funding rounds involving 144 investors. There are 2 acquired companies in the entire competition set.

Below is a comparison of top competitors of Almo

	Almo	Bummer	Freecultr	Organic Basics
Description	Internet first brand offering performance casual wear for men	Internet first brand offering eco-friendly innerwear for men and women	Internet first brand offering eco-friendly innerwear for men and women	Internet first brand offering innerwear for women and men
Founded Year	2020	2020	2019	2015
Location	Gurgaon (India)	Ahmedabad (India)	New Delhi (India)	Copenhagen (Denmark)
Company Stage	Seed	Seed	Series A	Acquired
Unicorn Rating	-	-	Minicorn	-
Total Funding	$2.24M	$1.97M	$9.44M	$2.91M
Funding Rounds	2	5	3	4
Latest Round	Seed, $2M, Jan 03, 2022	Seed, $1.12M, Feb 14, 2024	Series A, $5M, Aug 09, 2021	Seed, $4.03K, Nov 04, 2021
Investor Count	79	25	14	7
Top Investors	LetsVenture, Wellfound & 77 others	Beenext, thinQbate & 23 others	Peak XV Partners, Sixth Sense Ventures & 12 others	Vaekstfonden, Eutopia & 5 others
Tracxn Score What is this?	53/100	54/100	54/100	46/100
Overall Rank	3rd	1st	2nd	4th

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Latest Shareholding of Almo

Who are the current shareholders of Almo?

As of Jun 09, 2022's latest post-round ownership report, Founders hold 48.15% at a net worth of INR 24.5Cr.
Founders own the majority of Almo's shares, accounting for 48.15%, while Angel hold 16.85%, Fund hold 12.49%, Enterprise hold 9.28% and Other People hold 0.78%.

Shareholders Name	Post Round Holding %	Net worth	Cumulative investment	Realised returns	Unrealised returns	Return multiple
Founder	48.15%	24.5Cr	8365433	3140155	7568897	3741202
Fund	12.49%	6.36Cr	6948072	4661838	2551268	8494371
Enterprise	9.28%	4.73Cr	5464509	4100122	8425211	3023890
Angel	16.85%	8.59Cr	3280766	6766110	2280225	3999581
Other People	0.78%	40.1L	0	0	0	0
ESOP Pool	12.43%	6.33Cr	5764894	3247882	4815380	7676715
Total	99.98%	50.9Cr	7882592	9887113	2715594	8807493