Company Intelligence Profile
Localbuy Technologies Private Limited
Localbuy Technologies Pvt Ltd is the parent/operating entity behind "SuperK," a tech-enabled, franchise-driven supermarket chain launched in 2019 targeting Tier-2/3/4 towns in Andhra Pradesh and adjoining South Indian regions.
CIN: U52590AP2019PTC113200ActiveRoC Andhra Pradesh
Last updated 17 August 2026
AI OverviewGenerated from public records
Localbuy Technologies Private Limited operates "SuperK," a tech-enabled, franchise-driven supermarket chain focused on Tier-2, 3, and 4 towns in Andhra Pradesh and neighboring South Indian regions. SuperK closed a Series B funding round of ₹100 crore in July 2025, bringing its total funding to approximately ₹198.02 crore, backed by investors including 3STATE Ventures and Blume Ventures.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Localbuy Technologies Private Limited |
|---|---|
| CIN | U52590AP2019PTC113200 |
| PAN | AAECL0605R |
| Status | Active |
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 24 October 2019 |
| ROC | RoC Andhra Pradesh / RoC Vijayawada — same jurisdiction, minor label variance between sources |
| Sector (NIC) | NIC 52590 — Wholesale trading / other trading activities; sources also tag it under Food & Beverage Retail-Distribution (business is grocery/supermarket retail trading under brand "SuperK") |
| Registered address | B-Block, G-6, Palace Heights, Sivaji Nagar, Kurmannapalem, Nr Aganampudi Toll Gate, Visakhapatnam, Andhra Pradesh, India – 530046 |
| Authorized capital | ₹19.1 lakh / ₹19.07 lakh — confirmed, ~₹19.1 lakh |
| Paid-up capital | ₹12.3 lakh / ₹12.27 lakh — confirmed, ~₹12.27 lakh |
Business Overview
- Localbuy Technologies Pvt Ltd is the parent/operating entity behind "SuperK," a tech-enabled, franchise-driven supermarket chain launched in 2019 targeting Tier-2/3/4 towns in Andhra Pradesh and adjoining South Indian regions
- SuperK runs 130-160+ physical stores across 10+ districts, combined with an app for ~20-minute grocery delivery and a "SuperK Gold" loyalty membership
- Co-founded by Anil Thontepu (ex-product/growth roles at Kaodim Malaysia, Hike, Byju's, PhonePe) and Neeraj Menta (Hungerbox co-founder; ex-Flipkart, Zeta/Directi)
- Website: superk.in
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Neeraj Menta | 07159216 | - | 24 Oct 2019 |
| Anil Thontepu Naga Purushothama | 07334831 | - | 24 Oct 2019 |
| Sailesh Tulshan | 07309300 | - | 15 Jun 2022 |
Financials
- Partial / mostly gated
- Tofler (free-tier view, FY ending March 2025): Revenue reported only as a broad estimate band
- Detailed EBITDA/PAT amounts are gated behind Tofler Pro and were not obtained
- Visible ratio/trend data: Net Worth declined 56.07% YoY
- Total Borrowings decreased 82.18% YoY
- Assets declined 47.03% YoY
- Gross Margin 4.72%
- Operating Margin 15.11%
- Net Profit Margin 14.41%
- Return on Equity -51.08%
- ROCE -71.07%
- Standalone vs consolidated not specified by source
- Given the negative ROE/ROCE alongside a positive net-margin figure shown on the same page, these figures appear internally inconsistent — flagged as a data-quality caveat, treat as indicative only, not audited-statement-grade
Funding
- Confirmed via primary company source (superk.in About page) plus funding-news aggregation: Series B round of ₹100 crore (~$11.5-11.7M) closed around July 2025, led by 3STATE Ventures (investment vehicle linked to Flipkart co-founder Binny Bansal) and Mithun Sancheti (CaratLane founder), with participation from cricketer Shubman Gill and existing investors Blume Ventures and Xeed Ventures
- Cumulative funding across all rounds reported as ~₹198.02 crore
- Full investor roster named on the company's own About page: 3STATE Ventures, Blume Ventures, 021 Capital, Xeed Ventures, FPGA Family Foundation, Inflection Point Ventures (IPV), Strive, and First Cheque
- Tracxn not independently queried for round-name corroboration — round name "Series B" taken from news-aggregation source, not a Tracxn primary pull
Charges / Loans
- Open charges totaling ~₹4.59 Cr. Breakdown: ICICI Bank Limited — ₹4.5 crore (1 charge, created/modified 26 Jun 2024)
- UGRO Capital Limited — ₹0.1 crore (1 charge, created/modified 20 Jun 2024)
Legal (Indian Kanoon)
Indian Kanoon search for "Localbuy Technologies" returned zero matching results — no litigation records found on that platform as of the query date.
Competitors
Apna Mart
small-town value-retail startup, direct-scale peer
Aap Ka Bazaar
VC-backed small-town grocery startup, direct-scale peer
DMart / Avenue Supermarts
large-scale national low-cost supermarket chain, much bigger scale
Vishal Mega Mart
large-scale national hypermarket format, bigger scale
More Retail
regional/national supermarket chain, bigger scale
Frequently Asked Questions
What does Localbuy Technologies Private Limited do?
Localbuy Technologies Pvt Ltd is the parent/operating entity behind "SuperK," a tech-enabled, franchise-driven supermarket chain launched in 2019 targeting Tier-2/3/4 towns in Andhra Pradesh and adjoining South Indian regions.
What is the CIN of Localbuy Technologies Private Limited?
The Corporate Identification Number (CIN) of Localbuy Technologies Private Limited is U52590AP2019PTC113200.
Where is Localbuy Technologies Private Limited registered?
Localbuy Technologies Private Limited is registered with RoC Andhra Pradesh (Tofler) / RoC Vijayawada (TheCompanyCheck) — same jurisdiction, minor label variance between sources. Registered address: B-Block, G-6, Palace Heights, Sivaji Nagar, Kurmannapalem, Nr Aganampudi Toll Gate, Visakhapatnam, Andhra Pradesh, India – 530046 (confirmed — Tofler, TheCompanyCheck)
When was Localbuy Technologies Private Limited incorporated?
Localbuy Technologies Private Limited was incorporated on 24 October 2019 (confirmed — TheCompanyCheck, Tofler).
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