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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Seed — $117,997
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First Round
First Round
(17 Jul 2014)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Seed - 5 nce | Valuation |
investors |
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| Jan, 2021 | Amount | Angel Round - 5 nce | Valuation | Pervez Sanjana |
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| Sep, 2020 | Amount | Seed - 5 nce | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of fund administration services
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 5 nce
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 5 nce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
5 Nce Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insurance products for vehicles, health, travel, and life are offered.
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| domain | founded_year | HQ Location |
General and life insurance products are provided across multiple categories.
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| domain | founded_year | HQ Location |
AI-based asset management is offered for individual investors.
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| domain | founded_year | HQ Location |
Shariah-compliant investments and savings are offered to individuals.
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| domain | founded_year | HQ Location |
Platform for alternative asset and mutual fund investments is provided.
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| domain | founded_year | HQ Location |
Automated mutual fund investing platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 5 nce
When was 5 nce founded?
5 nce was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is 5 nce located?
5 nce is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of 5 nce?
Dinesh Rohira is the current CEO of 5 nce. They have also founded this company.
Is 5 nce a funded company?
5 nce is a funded company, having raised a total of $6.28M across 8 funding rounds to date. The company's 1st funding round was a Seed of $149.01K, raised on Jul 17, 2014.
What does 5 nce do?
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.
Who are the top competitors of 5 nce?
5 nce's top competitors include Digit Insurance, ACKO and Kristal.
Who are 5 nce's investors?
5 nce has 26 investors. Key investors include Mainspring Fund Services, Chezhiyan Venkatachalam, Hemantkumar Narendra Prasad, Jigna Nirav Shah, and Vijay Jagdish Pathak.
What is 5 nce's valuation?
The valuation of 5 nce is $20.58M as of Jul 2021.
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