About 5 nce
5 nce is a company based in Mumbai (India) founded in 2010 by Vivek Ghokhale, Ajay Arjit Singh, and Dinesh Rohira. 5 nce has raised $6.28 million across 8 funding rounds from investors including Mainspring Fund Services, Chezhiyan Venkatachalam and Hemantkumar Narendra Prasad. 5 nce operates in a competitive market with competitors including ACKO, Digit Insurance, Kristal, Wahed and Orowealth, among others.
- Headquarter Mumbai, India
- Founders Vivek Ghokhale, Ajay Arjit Singh, Dinesh Rohira
- Stage Minicorn
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Sectors
TechnologyFinancial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.28 M (USD)
in 8 rounds
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Latest Funding Round
$118 K (USD), Seed
Jul 15, 2021
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Investors
Mainspring Fund Services
& 25 more
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Employee Count
Not available
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Funding Insights of 5 nce
5 nce has successfully raised a total of $6.28M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $118 thousand completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in 5 nce
5 nce has secured backing from 26 investors, including angel and institutional investors. Prominent investors backing the company include Mainspring Fund Services, Chezhiyan Venkatachalam and Hemantkumar Narendra Prasad.
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Investor details for 5 nce
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Investments & Acquisitions by 5 nce
Investment portfolio details for 5 nce
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Financial Statements - 5 nce
Detailed financials for 5 nce
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5 Nce Comparisons
Peer comparison for 5 nce
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Competitors of 5 nce
5 nce operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ACKO, Digit Insurance, Kristal, Wahed and Orowealth, among others.
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Insurance products for vehicles, health, travel, and life are offered.
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General and life insurance products are provided across multiple categories.
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AI-based asset management is offered for individual investors.
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Shariah-compliant investments and savings are offered to individuals.
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Platform for alternative asset and mutual fund investments is provided.
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Automated mutual fund investing platform
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Detailed competitors of 5 nce
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Latest news on 5 Nce
Complete news archive for 5 nce
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Frequently Asked Questions about 5 nce
5 nce was founded in 2010 and raised its 1st funding round 4 years after it was founded.
5 nce is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Dinesh Rohira is the current CEO of 5 nce. They have also founded this company.
5 nce is a funded company, having raised a total of $6.28M across 8 funding rounds to date.
Provider of AI-powered investment and financial advisory services and related products. The company offers investment options including SIP, lumpsum, tax saving funds, and model portfolios. It provides access to equity, gold funds, debentures, and fixed deposits. Loan products such as personal and home loans are available. Tax solutions and insurance advisory services are also offered. The company utilizes algorithms and data analytics to deliver financial services. The app is available on both Android iOS devices.
5 nce's top competitors include Digit Insurance, ACKO and Kristal.
5 nce has 26 investors. Key investors include Mainspring Fund Services, Chezhiyan Venkatachalam, Hemantkumar Narendra Prasad, Jigna Nirav Shah, and Vijay Jagdish Pathak.
The valuation of 5 nce is $20.58M as of Jul 2021.