When was Text Mercato founded?

Text Mercato was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is Text Mercato located?

Text Mercato is headquartered in Bengaluru, India. It is registered at No. 312, 10th E Main, 4th Cross, 1st Block, Jayanagar, Madhavan Park, Bangalore, Bangalore South, Karnataka, India, 560011.

Who is the current CEO of Text Mercato?

Kiran Ramakrishna and Manjunath G N s of Text Mercato. Kiran Ramakrishna has also founded 1 company and is an angel investors in 1 startup.

Which legal entities is Text Mercato associated with?

Text Mercato is associated with TEXT MERCATO SOLUTIONS PRIVATE LIMITED.

How many employees does Text Mercato have?

As of Aug 31, 2025, the latest employee count at Text Mercato is 82.

Is Text Mercato a funded company?

Text Mercato is a funded company, having raised a total of $4.21M across 8 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Oct 19, 2016.

How much is Text Mercato worth?

The latest valuation of Text Mercato is $***** as of May 08, 2024.

When was the latest funding round of Text Mercato?

Text Mercato's latest funding was a $***** Seed round on Feb 02, 2024, with participation from 16 investors.

What is the annual revenue of Text Mercato?

Annual revenue of Text Mercato is between ₹10 Cr and ₹50 Cr as on Mar 31, 2026

Where does Text Mercato rank among its competitors?

Text Mercato ranks 4th amongst 230 active competitors, of which 47 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was BILT, which secured $21M in Dec, 2024.

Who are the top competitors of Text Mercato?

Text Mercato's top competitors include BILT, Akeneo and inriver. Among them, BILT secured the most recent funding round in December, 2024.

Text Mercato - 2026 Company Profile, Team, Funding, Competitors & Financials

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.

Website: textmercato.com
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 8 rounds

Latest Funding Round

Seed, Feb 02, 2024, $*****

Post Money Valuation

$***** as on May 08, 2024

Investors

1Crowd & 99 more

Ranked

4^th among 230 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2026

Employee Count

82 as on Aug 31, 2025

Similar Companies

Fabric & 129 more

View Text Mercato's full profile

Text Mercato is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
TEXT MERCATO SOLUTIONS PRIVATE LIMITED CIN: U22130KA2015PTC078195 , India, Active	Jan 09, 2015	₹10 - ₹50 Cr (As on Mar 31, 2026)	80 (As on May 01, 2026)

Text Mercato has raised a total funding of $4.21M over 8 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:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 02, 2024	8403073	Seed	3440720	4678081	5889905	1758218
Mar 23, 2022	5039815	Seed	9727073	6508712	6098179	Innospark & 70 more
2020	7207	Seed	8921	1465	2739	Aeroflex Enterprises

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View details of Text Mercato's funding rounds and investors

The founders of Text Mercato are Kiran Ramakrishna and Subhajit Mukherjee. Kiran Ramakrishna is the CEO of Text Mercato.

Here are the details of Text Mercato's key team members:

Kiran Ramakrishna: Co-Founder & CEO of Text Mercato and founder of 2 other companies, Cataloging and Text Mercato. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 1 email address
Subhajit Mukherjee: Former Co-Founder of Text Mercato and founder of 2 other companies, Rubick and Cataloging. They serve on the boards of 2 companies.
Contact Info: 1 email address
Manjunath G N: CEO of Text Mercato.
Contact Info: 1 email address and 1 phone number

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
Kiran Ramakrishna	Team	-	Current	11y 6m
Subhajit Mukherjee	Team	-	Current	11y 6m
{zrjvdm	Investor	-	Past	8y 6m

View details of Text Mercato's Founder profiles and Board Members

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:

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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	BILT 2014, Grapevine (United States), Series B	Developer of an app providing 3D assembly instructions for consumer goods	$32.1M	Silverton Partners, Rock Creek Capital & 5 others	73/100
2nd	Akeneo 2013, Nantes (France), Series D	Provider of open-source product information management solutions for businesses	$197M	Summit Partners, Partech Partners & 7 others	67/100
3rd	inriver 2007, Malmo (Sweden), Series C	Provider of cloud-based PIM tool for online businesses	$57.4M	Zobito, Industrifonden & 5 others	66/100
4th	Text Mercato 2015, Bengaluru (India), Seed	Provider of artificial intelligence software for retail product data management	$4.21M	LetsVenture, Angel List & 98 others	66/100
5th	Fabric 2017, Bellevue (United States), Series C	E-commerce and channel sales management platform	$297M	SoftBank Vision Fund, Stripes & 13 others	63/100
6th	Venzee 1996, Chicago (United States), Public	Provider of product information management and content syndication platform	-	Discovery Parks, Bodley Group & 5 others	63/100
7th	Novi 2019, Larkspur (United States), Series B	Provider of product data optimization platform for CPG brand AI shopping	$51.6M	Tiger Global Management, Defy & 4 others	61/100
8th	Salsify 2012, Boston (United States), Series F	Product content management and syndication platform for businesses	$453M	Venrock, Greenspring Associates & 18 others	61/100
9th	Pimberly 1991, Manchester (United Kingdom), Series B	Provider of product information management platform with integrated digital asset management	$17.8M	Mercia, NorthEdge & 10 others	59/100
10th	1WorldSync 2012, Ewing Township (United States), Acquired	Provider of product content solutions	-	-	57/100

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TEXT MERCATO SOLUTIONS PRIVATE LIMITED, the legal entity associated with Text Mercato, generated between ₹10 Cr and ₹50 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of TEXT MERCATO SOLUTIONS PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 32% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	5933	6643	9257	1001	7814
Total Sales	6745	1412	3735	1120	5925
Total Expenses	8342	2203	9768	7989	5344
Operating Expenses	1503	7306	6720	2127	1755
Employee Expenses	7882	6090	1436	5333	5973
Operating Income (EBIT)	4750	4191	2766	3565	8755
Interest Expenses	2062	9175	7641	4530	7997
Expenses from other activities	8120	3658	5595	3782	7222
EBITDA	7974	7007	8802	3008	6357
Taxes	5987	6335	5426	2663	9780
Net Profit	2006	1859	6455	7538	2929
Balance Sheet
Assets	6780	6393	4078	3348	7513
Accounts Receivables	1697	2808	9604	7747	7231
Inventory	7689	6007	9038	3759	2845
Liabilities	3140	5644	6444	4168	7275
Total Debt	4131	1432	4182	8954	6452
Accounts Payable	5658	5999	6050	5927	7895
Equities	6037	2343	2880	4968	1853

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

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. The cap table displayed below is for TEXT MERCATO SOLUTIONS PRIVATE LIMITED which is the legal entity associated with Text Mercato.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	31.14%	25Cr	9470056	8215400	6092142	7314379
Kiran Ramakrishna	8063877	9570096	7879959	4073825	3951821	8390454
Subhajit Mukherjee	414910	978553	780696	864738	924472	979390
Fund	38.28%	30.7Cr	5598017	1420995	2693367	7308956
Mount Judi Ventures	1941517	1879249	3884857	4673987	9293645	2067901
1Crowd	570628	150903	625378	751164	448638	455886
Angel List	893	841	931	496	339	752
Windrose Capital	912	445	420	637	878	850
Enterprise	1.31%	1.05Cr	5	6	5	2
Angel	22.65%	18.2Cr	5566614	3914762	9627584	1317001
Raaj Shah	77	96	23	68	47	80
Andrew Lawson	72	47	52	61	41	19
Other People	0.05%	4.01L	0	0	0	0
ESOP Pool	6.56%	5.27Cr	825551	649235	702678	484152
Total	100.00%	80.3Cr	4986293	3105149	3200725	2569639