When was Vendaxo founded?

Vendaxo was founded in 2016 and raised its 1st funding round 3 years after it was founded.

Where is Vendaxo located?

Vendaxo is headquartered in Ahmedabad, India. It is registered at 1 EVERBELA SOCIETY ON 132 FT RING ROAD, NARANPURA, Ahmedabad, AHMEDABAD, Gujarat, India, 380013.

Which legal entities is Vendaxo associated with?

Vendaxo is associated with VENDAXO PRIVATE LIMITED.

How many employees does Vendaxo have?

As of Jun 30, 2026, the latest employee count at Vendaxo is 7.

Is Vendaxo a funded company?

Vendaxo is a funded company, having raised a total of $***** in its 1st and only funding round, a Grant (prize money) round on Mar 29, 2019.

When was the latest funding round of Vendaxo?

Vendaxo's latest funding was a $***** Grant (prize money) round on Mar 29, 2019, with participation from 1 investor.

What is the annual revenue of Vendaxo?

Annual revenue of Vendaxo is less than ₹10 Cr as on Mar 31, 2023

Where does Vendaxo rank among its competitors?

Vendaxo ranks 11th amongst 30 active competitors, of which 3 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was EQUIP9, which secured $345K in Sep, 2024.

Who are the top competitors of Vendaxo?

Vendaxo's top competitors include Valuejunction, Yellow Rentals and YantraLive. Among them, EQUIP9 secured the most recent funding round in September, 2024.

Vendaxo - 2026 Company Profile, Team, Funding, Competitors & Financials

Vendaxo is an acquired company based in Ahmedabad (India), founded in 2016 by Nirat Patel and Poonam Choudhary. It operates as an Online marketplace for used industrial equipment & machinery. Vendaxo has raised an undisclosed amount in funding. The company has 30 active competitors, including 3 funded and 3 that have exited. Its top competitors include companies like Valuejunction, Yellow Rentals and YantraLive.

Company Details

Vendaxo is an upcoming online marketplace platform for buying, selling, renting and leasing used industrial equipment and machinery. The platform is yet to launch as of November 2016.

Website: vendaxo.com
Social
Email ID: *****@vendaxo.com
Registered Address: 1 EVERBELA SOCIETY ON 132 FT RING ROAD, NARANPURA, Ahmedabad, AHMEDABAD, Gujarat, India, 380013

Key Metrics

Founded Year

2016

Location

Ahmedabad, India

Stage

Acquired

Latest Funding Round

Grant (prize money), Mar 29, 2019, $*****

Investors

empoWer & 3 more

Ranked

11^th among 30 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2023

Employee Count

7 as on Jun 30, 2026

Similar Companies

Ritchie Bros & 151 more

Exit Details

Acquired by Moglix (Jul 07, 2021)

View Vendaxo's full profile

Vendaxo is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VENDAXO PRIVATE LIMITED CIN: U74999GJ2016PTC093841 , India, Strike off	Sep 22, 2016	0 - ₹10 Cr (As on Mar 31, 2023)	-

Vendaxo got acquired by Moglix on Jul 07, 2021.

Click here to take a look at Vendaxo's acquisition in detail

Vendaxo has raised funding over 1 round. Its latest funding round was a Grant (prize money) round on Mar 29, 2019 for $*****. 1 investor participated in its latest round. Vendaxo has 4 institutional investors.

Here is the list of recent funding rounds of Vendaxo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 29, 2019	4349220	Grant (prize money)	1390994	4502636	2326856	5873514

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View details of Vendaxo's funding rounds and investors

The founders of Vendaxo are Nirat Patel and Poonam Choudhary.

Here are the details of Vendaxo's key team members:

Nirat Patel: Co-Founder of Vendaxo. They are also an angel investor in 1 startup.
Poonam Choudhary: Co-Founder of Vendaxo.

View details of Vendaxo's Founder profiles and Board Members

Vendaxo's employee count trend

Vendaxo has 7 employees as of Jun 26. Here is Vendaxo's employee count trend over the years:

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Top competitors of Vendaxo include Valuejunction, Yellow Rentals and YantraLive. Here is the list of Top 10 competitors of Vendaxo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Valuejunction 2009, Kolkata (India), Unfunded	Provider of online auction platform for surplus assets and commodities	-	-	47/100
2nd	Yellow Rentals 2018, Delhi (India), Funding Raised	Provider of power generation & distribution, material handling, and construction equipment services	-	Origami Next	45/100
3rd	YantraLive 2018, Bengaluru (India), Seed	B2B digital platform offering a comprehensive solution for heavy equipment ownership	$1M	GrowthStory, StartFresh Ventures & 1 others	45/100
4th	EQUIP9 2019, Pune (India), Seed	Online marketplace for the heavy equipment industry	$345K	Kaaa Infra And Financial Services, AIC-Pinnacle	39/100
5th	36Spares 2018, Delhi (India), Unfunded	Offers a marketplace for buying and selling construction equipment	-	-	36/100
6th	Origa 2013, Mumbai (India), Series A	B2B marketplace platform for buying industrial machines and tools	$12.5M	Elevar Equity, Raajratna Ventures & 51 others	36/100
7th	SAMIL 2011, Delhi (India), Acquired	App-based bidding platform for used vehicles and equipment	-	CarWale	35/100
8th	iQuippo 2016, Kolkata (India), Unfunded	Online marketplace for sale and leasing of heavy equipments	-	-	32/100
9th	TradeKisan 2016, Indore (India), Deadpooled	Listing platform for farm machinery and agricultural produce	-	-	28/100
10th	Indian Machine Mart 2016, Delhi (India), Unfunded	B2B listing platform for Industrial Tools.	-	-	27/100
11th	Vendaxo 2016, Ahmedabad (India), Acquired	Online marketplace for used industrial equipment & machinery	-	empoWer, Startup Gujarat & 2 others	26/100