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.
Last updated 10 August 2026
Depo Solutions Private Limited operates "Depo24", a Delhi-based B2B digital marketplace connecting manufacturers with various players in the building and construction industry. The company achieved approximately ₹24.69 Cr in revenue in FY2023-24, marking a 201% year-over-year growth. Depo Solutions has raised around $2.74M in funding across four rounds since its incorporation in 2022.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Depo Solutions Private Limited |
|---|---|
| CIN | U51909DL2022PTC394307 |
| PAN | AAJCD1058P |
| Status | Active |
| Listing | Unlisted (private limited company) |
| Incorporated | 24 February 2022 |
| ROC | RoC-Delhi (RoC-Delhi I) |
| Sector (NIC) | Retail/Wholesale trading — "Retail trade services - Other products n.e.c." |
| Registered address | 34D F/F, Pocket-1, Mayur Vihar Phase-1, East Delhi, Delhi, India, 110091 |
| Authorized capital | ₹16,00,000 (₹16 Lakh) |
| Paid-up capital | ₹1,46,760 (~₹1.47 Lakh) |
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
Directors
Three directors, all appointed 24 Feb 2022 (DINs from Falconebiz, cross-checked with TheCompanyCheck people-profile):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Anil Patwari | 08989556 | - | - |
| Kushal Agarwal | 09129013 | - | - |
| Arpit Saraf | 09519151 | - | - |
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 07AAJCD1058P1Z9 | Delhi | AAJCD1058P (source: Tofler) | Active |
| 24AAJCD1058P1ZD | Gujarat | AAJCD1058P (source: Tofler) | - |
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 achieved approximately ₹24.69 Cr in revenue for FY2023-24, marking a notable year-on-year growth of around 201% from its previous fiscal year revenue band of ₹1-10 Cr.
Figures are single-source / ranges — PARTIAL, not audited. Standalone (only entity).
| FY2022-23 | Revenue range ₹1-10 Cr; large %-growth figures reflect first-full-year base effect (near-zero prior base) |
|---|---|
| FY2023-24 | Revenue ~₹24.69 Cr, cited at ~201% YoY growth |
| FY2024-25 | 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
- Total raised ~$2.74M across 4 rounds since May 2022
- Rounds: 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
- Round-stage labels ("Seed"/"Series A") vary by source; amounts undisclosed
Charges & Loans
- One open charge found: lender NDB Ventures Private Limited
- Amount reported as ₹0.8 Cr / ~₹80 Lakh
Competitors
- 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.
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