When was Frontier Markets founded?

Frontier Markets was founded in 2011 and raised its 1st funding round within a year of its incorporation.

Where is Frontier Markets located?

Frontier Markets is headquartered in Jaipur, India. It is registered at 782, IInd Floor, Churukon Ka Rasta, Chaura Rasta, Jaipur, Jaipur, Rajasthan, India, 302003.

Who is the current CEO of Frontier Markets?

Ajaita Shah of Frontier Markets. They have also founded 1 company.

Which legal entities is Frontier Markets associated with?

Frontier Markets is associated with FRONTIER MARKETS CONSULTING PRIVATE LIMITED.

How many employees does Frontier Markets have?

As of Aug 31, 2025, Frontier Markets has 139 employees, reflecting a 21% year-over-year decline in headcount.

Is Frontier Markets a funded company?

Frontier Markets is a funded company, having raised a total of $4.83M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 05, 2011.

How much is Frontier Markets worth?

The latest valuation of Frontier Markets is ₹***** as of Apr 18, 2023. This marks a decline of 17% from its peak valuation of ₹79.1Cr in Oct, 2011. This marks a decline of 17% from its peak valuation of ₹79.1Cr in Oct, 2011.

When was the latest funding round of Frontier Markets?

Frontier Markets' latest funding was a $***** Series B round on Oct 14, 2022, with participation from 3 investors. Its primary sector is Rural Ecommerce. Globally, the Rural Ecommerce sector has seen $5M in funding in 2026 to date.

What is the annual revenue of Frontier Markets?

Annual revenue of Frontier Markets is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Frontier Markets rank among its competitors?

Frontier Markets ranks 6th amongst 16 active competitors, of which 7 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was StoreKing, which secured $886K in May, 2024.

Who are the top competitors of Frontier Markets?

Frontier Markets' top competitors include Copia Global, CSC Grameen eStore and 1Bridge. Among them, StoreKing secured the most recent funding round in May, 2024.

Frontier Markets - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Solar installation in urban and rural areas. It offers solar installation services in the rural areas by collaborating with micro-financing firms which include rooftop installations, solar water heaters, solar street lights, solar garden lights.

Website: www.frontiermkts.com/
Social
Email ID: *****@frontiermkts.com
Phone Number: +91 **********
Registered Address: 782, IInd Floor, Churukon Ka Rasta, Chaura Rasta, Jaipur, Jaipur, Rajasthan, India, 302003

Key Metrics

Founded Year

2011

Location

Jaipur, India

Stage

Series B

Total Funding

$4.83M in 7 rounds

Latest Funding Round

Series B, Oct 14, 2022, $*****

Post Money Valuation

₹***** as on Apr 18, 2023

Investors

Seedfund & 24 more

Ranked

6^th among 16 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

139 as on Aug 31, 2025

Similar Companies

1Bridge & 3 more

View Frontier Markets' full profile

Frontier Markets is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FRONTIER MARKETS CONSULTING PRIVATE LIMITED CIN: U74140RJ2011PTC054922 , India, Active	May 19, 2011	₹10 - ₹50 Cr (As on Mar 31, 2025)	128 (As on May 01, 2026)

Frontier Markets has raised a total funding of $4.83M over 7 rounds. Its first funding round was on Oct 05, 2011. Its latest funding round was a Series B round on Oct 14, 2022 for $*****. 3 investors participated in its latest round. Frontier Markets has 21 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Frontier Markets:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 14, 2022	8986594	Series B	6238809	8310487	3970594	5613719
Jul 06, 2020	2101798	Seed	7291544	9545259	7623460	Teja Ventures
Apr 2019	4181680	Seed	2526843	6792198	Engie	4652677

Access funding benchmarks and valuations. Sign up today!

View details of Frontier Markets's funding rounds and investors

The founders of Frontier Markets is Ajaita Shah. Ajaita Shah is the CEO of Frontier Markets.

Here are the details of Frontier Markets' key team members:

Ajaita Shah: Co-Founder & CEO of Frontier Markets. They serve on the board of 1 company.

Frontier Markets' Board of Directors

Frontier Markets's board has 3 active members. Ajaita Shah and Audrey Selian Matian are part of team and Paula Ravindra Mariwala is independent board member.

Here is the list of Frontier Markets' board of directors:

Name	Type	Representing	Status	Duration
Ajaita Shah	Team	-	Current	15y 1m
tnewuzt	Team	-	Past	5y 9m
Audrey Selian Matian	Investor	-	Current	2y 2m
xdj{idy	Independent board member	-	Past	8y 3m

View details of Frontier Markets's Founder profiles and Board Members

Frontier Markets' employee count trend

Frontier Markets has 139 employees as of Aug 25. The total employee count is 22.0% lower than what it was in Aug 24. Here is Frontier Markets's employee count trend over the years:

Employee count trend for Frontier Markets

Uncover Frontier Markets' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Frontier Markets include Copia Global, CSC Grameen eStore and 1Bridge. Here is the list of Top 10 competitors of Frontier Markets, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Copia Global 2013, Kiambu (Kenya), Deadpooled	Online assisted purchase platform catering to rural customers and retailers	$123M	Goodwell Investments, Lightrock & 21 others	54/100
2nd	CSC Grameen eStore 2020, Delhi (India), Series A	Online digital ordering and delivering platform for multi-category products in rural areas	$5.16M	Tata Group, Adani Group & 1 others	53/100
3rd	1Bridge 2016, Bengaluru (India), Series A	Online platform offering assisted purchase solutions to rural customers	$3.35M	C4D Partners, Rubanbridge Leadership Team Trust ... & 15 others	49/100
4th	Kudo 2014, Jakarta (Indonesia), Acqui-Hired	Online assisted purchase platform catering to rural customers	-	Emtek, East Ventures & 5 others	49/100
5th	StoreKing 2012, Bengaluru (India), Series B	Provider of online supermarket services for small-town retailers	$43.7M	Mangrove Capital Partners, Axiata Group & 5 others	48/100
6th	Frontier Markets 2011, Jaipur (India), Series B	Solar installation in urban and rural areas	$4.83M	Engie, The Rise Fund & 23 others	47/100
7th	Boonbox 2011, Chennai (India), Series A	Provider of purchase assistant for rural customers	$7.37M	Atma Ram Properties, BFL Investments & Financial Consultants ... & 91 others	42/100
8th	Easysell 2020, Surat (India), Unfunded	Provider of e-commerce store, installation, and warehouse services	-	-	40/100
9th	Kioson 2015, Jakarta (Indonesia), Public	Online assisted commerce platform for rural customers	$451K	Tian Tian Ventures, MKNT	39/100
10th	72 Networks 2014, Gurugram (India), Seed	Provider of web-based last-mile logistics services	$511K	Inflection Point Ventures & 10 others	34/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Frontier Markets's competitors? Click here to see the top ones

Founders own 28.36%, Funds (largest shareholder) own 58.88%, Enterprises own 4.61% and Angels own 2.84%. The net worth of Frontier Markets's founders is INR 16.4Cr as of Apr 16, 2019.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	28.36%	16.4Cr	9489816	7979700	1713820	1215337
Ajaita Shah	3213311	6876539	1985438	9601016	8430590	1909850
Fund	58.88%	33.9Cr	4030325	3055900	3842726	4719044
Acumen	6717416	4248582	3584977	2962557	7439237	7452155
ENGIE Rassembleurs d'Energies	555535	934086	869290	703794	178744	536514
The Rise Fund	578085	260918	334415	604367	438370	236467
DOEN Foundation	1756	7073	2820	5056	7098	8355
Enterprise	4.61%	2.66Cr	2550	8706	6301	3785
Angel	2.84%	1.64Cr	69	53	80	27
Other People	5.30%	3.06Cr	22043	12957	35026	30824
Total	99.99%	57.7Cr	1378644	6859010	1723359	2308447