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Startup Atlas · E-commerce

CityMall

Rashanbox Retail Private Limited Gurugram, Haryana Founded 2019 citymall.live ↗
Angad Kikla · Co-founder & CEO Naisheel Verdhan · Co-founder Rahul Gill · Co-founder
$158.5 MnTotal funding (tracked)
5Funding rounds
1 Sep 2025Last round

CityMall: Financial Breakdown

Figures below are FY2025, standalone basis, compiled from filings and disclosures — every year cited to its source.

Rs 534 crore (operating revenue)Total revenue · +29.1% YoY
EBITDA margin -30.3%EBITDA
Rs 159 crore lossNet loss · loss widened 3.3% YoY

Revenue by fiscal year

Rs 144 crore: $17.1MFY2022Rs 352 crore: $41.9MFY2023Rs 427 crore (gross revenue/GMV): $50.8MFY2024Rs 534 crore (operating revenue): $63.6MFY2025

Net profit / loss by fiscal year

Rs 131 crore loss: $-15.6MFY2022Rs 145 crore loss: $-17.3MFY2023Rs 159 crore loss: $-18.9MFY2024Rs 159 crore loss: $-18.9MFY2025

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY2025 Rs 534 crore (operating revenue) EBITDA margin -30.3% Rs 159 crore loss source
FY2024 Rs 427 crore (gross revenue/GMV) EBITDA margin -30.34%; ROCE -36.18% Rs 159 crore loss source
FY2023 Rs 352 crore Rs 145 crore loss source
FY2022 Rs 144 crore Rs 131 crore loss source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: citymall.live · Last verified 17 Jul 2026. · Report a correction