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Text Mercato - About the company

Text Mercato is a seed company based in Bengaluru (India), founded in 2015 by Kiran Ramakrishna and Subhajit Mukherjee. It operates as a Provider of artificial intelligence software for retail product data management. Text Mercato has raised $4.21M in funding from investors like 1Crowd, Mount Judi Ventures and Roundtable, with a current valuation of $*****. The company has 230 active competitors, including 47 funded and 22 that have exited. Its top competitors include companies like BILT, Akeneo and inriver.

Company Details

Provider of artificial intelligence software for retail product data management. This technology enables businesses to automate catalog operations, standardize product information, and synchronize inventory across multiple digital sales channels. The system facilitates the enrichment of product attributes, image editing, and the generation of marketing content. It provides competitive intelligence by monitoring market trends, pricing, and customer sentiment. Additionally, the platform supports search engine optimization and growth strategies through automated workflows. By integrating with various e-commerce sources, the software assists in maintaining accurate listings and improving discovery. The solution utilizes machine learning models to assist teams in managing large-scale product operations and executing complex tasks through natural language interactions. It serves various retail sectors by streamlining the transition from product onboarding to final publication on marketplaces.
Phone Number
+91 **********
Registered Address
No. 312, 10th E Main, 4th Cross, 1st Block, Jayanagar, Madhavan Park, Bangalore, Bangalore South, Karnataka, India, 560011
Key Metrics
Founded Year
2015
Location
Bengaluru, India
Stage
Seed
Total Funding
$4.21M in 9 rounds
Latest Funding Round
Post Money Valuation
$***** as on May 08, 2024
Investors
Ranked
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
82 as on Aug 31, 2025
Similar Companies
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Text Mercato's funding and investors

Text Mercato has raised a total funding of $4.21M over 9 rounds. Its first funding round was on Oct 19, 2016. Its latest funding round was a Seed round on Feb 02, 2024 for $*****. 16 investors participated in its latest round. Text Mercato has 20 institutional investors and 80 angel investors.

Here is the list of recent funding rounds of Text Mercato:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Feb 02, 2024
4280251
Seed
5942886
7705895
5815125
2726070
Mar 23, 2022
5432679
Seed
5665083
5252289
2792599
2020
9343
Seed
3950
4114
2543
8308
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Text Mercato's founders and board of directors

Founder? Claim Profile
The founders of Text Mercato are Kiran Ramakrishna and Subhajit Mukherjee. Kiran Ramakrishna and Manjunath G N are the CEOs of Text Mercato.
Here are the details of Text Mercato's key team members:

Text Mercato's Board of Directors

Text Mercato's board has 2 active members. Kiran Ramakrishna and Subhajit Mukherjee are part of team.
Here is the list of Text Mercato's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
11y 6m
Team
-
Current
11y 6m
sskim{a
Investor
-
Past
1y 9m

Text Mercato's employee count trend

Text Mercato has 82 employees as of Aug 25. The total employee count is 9.0% more than what it was in Aug 24. Here is Text Mercato's employee count trend over the years:
Employee count trend for Text Mercato
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Text Mercato's Competitors and alternates

Top competitors of Text Mercato include BILT, Akeneo and inriver. Here is the list of Top 10 competitors of Text Mercato, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for BILT
BILT
2014, Grapevine (United States), Series B
Developer of an app providing 3D assembly instructions for consumer goods
$32.1M
73/100
2nd
Logo for Akeneo
Akeneo
2013, Nantes (France), Series D
Provider of open-source product information management solutions for businesses
$197M
67/100
3rd
Logo for inriver
inriver
2007, Malmo (Sweden), Series C
Provider of cloud-based PIM tool for online businesses
$57.4M
66/100
4th
Logo for Text Mercato
Text Mercato
2015, Bengaluru (India), Seed
Provider of artificial intelligence software for retail product data management
$4.21M
66/100
5th
Logo for Fabric
Fabric
2017, Bellevue (United States), Series C
E-commerce and channel sales management platform
$297M
63/100
6th
Logo for Venzee
Venzee
1996, Chicago (United States), Public
Provider of product information management and content syndication platform
-
63/100
7th
Logo for Novi
Novi
2019, Larkspur (United States), Series B
Provider of product data optimization platform for CPG brand AI shopping
$51.6M
61/100
8th
Logo for Salsify
Salsify
2012, Boston (United States), Series F
Product content management and syndication platform for businesses
$453M
61/100
9th
Logo for Pimberly
Pimberly
1991, Manchester (United Kingdom), Series B
Provider of product information management platform with integrated digital asset management
$17.8M
59/100
10th
Logo for 1WorldSync
1WorldSync
2012, Ewing Township (United States), Acquired
Provider of product content solutions
-
-
57/100
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Text Mercato's Latest cap tables and shareholding

Founders own 31.14%, Funds (largest shareholder) own 38.28%, Enterprises own 1.31% and Angels own 22.65%. The net worth of Text Mercato's founders is INR 25Cr as of May 08, 2024.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
31.14%
25Cr
1310791
7971441
7485882
4327616
6994259
2596049
6575372
7191932
1753650
5912234
462395
257094
845439
719332
951075
803935
Fund
38.28%
30.7Cr
2877088
8104663
4958655
6041090
3352371
2424218
7946643
9084064
6881573
5213616
820688
447060
244475
693766
727939
362799
685
780
688
186
532
121
668
854
698
421
316
726
Enterprise
1.31%
1.05Cr
2
5
3
2
Angel
22.65%
18.2Cr
4489076
7307490
2746402
8560902
Other People
0.05%
4.01L
0
0
0
0
ESOP Pool
6.56%
5.27Cr
730293
392982
352256
452408
Total
100.00%
80.3Cr
8366110
6094258
6757645
1672291
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of Text Mercato's Shareholding

Text Mercato's Investments and acquisitions

Text Mercato has made no investments or acquisitions yet.

Reports related to Text Mercato

Here is the latest report on Text Mercato's sector:

News related to Text Mercato

Media has covered Text Mercato for 1 event in last 1 year.
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FAQs about Text Mercato

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