Essmart

Essmart is a tech-enabled last-mile distribution network bringing novel products to rural markets and improving rural livelihoods.

  • Stage $1M in TTM Revenue
  • Industry Retailing / Distribution
  • Location Bangalore, Karnataka, India
  • Currency USD
  • Founded October 2012
  • Employees 124
  • Incorporation Type C-corp
  • Website essmart-global.com

Company Summary

Essmart supports local SME development by enabling rural shops to sell durable, innovative technology products, such as efficient agri tools, home appliances, and solar lighting. Our proprietary logistics platform and shop-facing mobile app has enabled our model to be modular, scalable, and have profitable unit economics.

We have 23 offices across South India selling 350+ different technologies through 3,300+ shops. We grew sales 90% in 2020.

Team

  • Jackie Stenson
    Co-Founder and Executive Chair

    Harvard & Uni. of Cambridge – Technology design and dissemination, previously designed products and distribution models in India and 11 African countries

  • Prashanth Venkataramana
    Co-Founder and CEO

    Anna Uni. (Chennai) & Uni. of Cambridge – Sales and marketing for technical products, previously re-launched distribution for Saint-Gobain in Sri Lanka.

  • Poonacha Kalengana
    Co-Founder and Chief Growth Officer

    Agric. Sciences Uni. (Bangalore) – Agricultural sciences and agri- business, previously managed rural sales network for farming products

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