COMPANY INTELLIGENCE PROFILE
DEPO SOLUTIONS PRIVATE LIMITED
Delhi-based B2B digital marketplace (brand "Depo24") for building and construction materials, connecting manufacturers with architects, builders, contractors and retailers.
Depo Solutions Private Limited, operating under the brand "Depo24," is a Delhi-based B2B digital marketplace specializing in building and construction materials. The platform connects manufacturers with architects, builders, contractors, and retailers, offering over 5,000 SKUs across various categories. Depo24 has seen significant growth, with revenues reaching approximately ₹24.69 crore in FY2023-24. The company is a DPIIT-recognized startup and has raised about $2.74 million across four funding rounds since May 2022.
AI-generated, may contain errors.
Business Overview
- Depo Solutions Private Limited operates the "Depo24" B2B digital marketplace for building and construction materials.
- It aggregates manufacturers/suppliers to serve architects, builders, contractors, interior designers, retailers and technicians, offering 5,000+ SKUs across categories such as pipes & fittings, tiles/marbles, paints & polishes, plywood & laminates, bathroom fixtures, wires, lighting, door/drawer/glass fittings, adhesives and hardware.
- By consolidating intermediaries it aims to supply materials below market price.
- Web (depo24.in) and mobile app (Android + iOS) channels.
- DPIIT-recognised startup., Sources: depo24.in via search snippets, Tracxn, Dexter Ventures, Google Play/App Store, Tofler.
Sector & Classification
Retail/Wholesale trading — "Retail trade services - Other products n.e.c." (NIC not obtained; CIN prefix U51909 = wholesale/commission trade)
Directors & Key Management
Directors — source notes
Three directors, all appointed 24 Feb 2022 (DINs from Falconebiz, cross-checked with TheCompanyCheck people-profile): - Anil Patwari — DIN 08989556 - Kushal Agarwal — DIN 09129013 (Co-Founder; ex-P&G, co-founder of Kwikpic, IIT-Bombay) - Arpit Saraf — DIN 09519151 (CEO per Tracxn)
GST Registrations
Primary GSTIN (home state Delhi): 07AAJCD1058P1Z9 — Active, registered 14 April 2022 (sources: Masters India, Pice, search snippets). PAN: AAJCD1058P (matches GSTIN pattern and Tofler PAN). Additional registration found — Gujarat: 24AAJCD1058P1ZD (source: Pice). At least 2 GST registrations (Delhi, Gujarat). Status for Gujarat registration not obtained.
Financials
DEPO SOLUTIONS PRIVATE LIMITED experienced significant growth, with revenue rising from ₹1-10 Crore in FY2022-23 to approximately ₹24.69 Crore in FY2023-24, reflecting a 201% increase. Revenue for FY2024-25 is estimated between ₹10-50 Crore. The figures are partial and standalone.
AI-generated, may contain errors.
| Figures are single-source / ranges — PARTIAL, not audited-confirmed. Standalone (only entity). | |
| FY2022-23 (Tofler) | Revenue range ₹1-10 Cr; large %-growth figures reflect first-full-year base effect, near-zero prior base. |
| FY2023-24, TheCompanyCheck | Revenue ~₹24.69 Cr, cited at ~201% YoY growth. |
| FY2024-25 (Tracxn) | Annual revenue band ₹10-50 Cr, as of 31 Mar 2025. |
| EBITDA / PAT / net worth (absolute) / borrowings (absolute): not obtained. Note: TheCompanyCheck FY24 figure (~₹24.69 Cr) and Tracxn FY25 band are each single-source and not fully reconciled. | |
Funding History
- Total raised ~$2.74M across 4 rounds since May 2022, source: Tracxn/Crunchbase. Rounds, Tracxn; amounts undisclosed: Seed 24 May 2022, Sparrow Capital first investment
- Jul 2022 (Beenext)
- Oct 2023, Sparrow Capital + others
- 29 Jul 2024. Investors named: Beenext, Sparrow Capital, Panthera Peak Capital, AUM Ventures, Shastra VC, Dexter Ventures, plus angels; ~11 institutional + ~24 angels per Tracxn. Round-stage labels, "Seed"/"Series A", vary by source
- Amounts undisclosed.
Loans & Charges
- One open charge found: lender NDB Ventures Private Limited. Amount reported as ₹0.8 Cr / ~₹80 Lakh, Tofler, charge dated 26 June 2023
- TheCompanyCheck lists open charges of ~₹75 Lakh — minor source conflict on exact figure.
Competitive Landscape
- Named B2B building-materials / construction-commerce peers, source: Tracxn, CB Insights:
- Infra.Market — large scale (~$800M+ raised), construction materials
- OfBusiness — large scale, B2B raw materials/SME financing
- JSW One MSME — mid/large (JSW-backed), construction & steel B2B
- ArisInfra — mid scale (~$25M raised), construction materials
- Moglix — large, industrial/B2B commerce (adjacent)
- Depo24 is a smaller/early-stage player, Tracxn ranks ~13th of 146 in its cohort.
Frequently Asked Questions
What does Depo Solutions Private Limited do?
Depo Solutions Private Limited operates the 'Depo24' B2B digital marketplace for building and construction materials, connecting manufacturers with architects, builders, contractors, and retailers. It offers over 5,000 SKUs across various product categories.
What is the CIN of Depo Solutions Private Limited?
The CIN of Depo Solutions Private Limited is U51909DL2022PTC394307.
What is the GSTIN of Depo Solutions Private Limited?
The primary GSTIN for Depo Solutions Private Limited for the home state of Delhi is 07AAJCD1058P1Z9, which is active and was registered on 14 April 2022. An additional GST registration is found in Gujarat: 24AAJCD1058P1ZD.
When was Depo Solutions Private Limited incorporated?
Depo Solutions Private Limited was incorporated in 2022.
What is the registered office address of Depo Solutions Private Limited?
The registered office address of Depo Solutions Private Limited is 34D F/F, Pocket-1, Mayur Vihar Phase-1, East Delhi, Delhi, India, 110091.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.