About Abhiloans
Abhiloans is a company based in Bengaluru (India) founded in 2015 by Deepit Singh and Mandeep Chaudhary.. Abhiloans has raised $4.5 million across 2 funding rounds from investors including Sparkle Fund, Niten Malhan and Ashvin Chadha. The company has 72 employees as of March 30, 2024. Abhiloans offers products and services including Loan Against Mutual Funds, Loan Against Shares, and Loan Against Bonds. Abhiloans operates in a competitive market with competitors including QuickLend, Yenmo, 50Fin and Amplify Energy Innovations, among others.
- Headquarter Bengaluru, India
- Employees 72 as on 30 Mar, 2024
- Founders Deepit Singh, Mandeep Chaudhary
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Knab Finance Advisors Private Limited
- Date of Incorporation 13 Oct, 2015
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$369.63 K (USD)109.24as on Mar 31, 2023
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Net Profit
$-308.66 K (USD)44.19as on Mar 31, 2023
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EBITDA
$-520.65 K (USD)-1.09as on Mar 31, 2023
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Total Equity Funding
$4.5 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Sparkle Fund
& 3 more
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Employee Count
72
as on Mar 30, 2024
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Products & Services of Abhiloans
Abhiloans offers a comprehensive portfolio of products and services, including Loan Against Mutual Funds, Loan Against Shares, and Loan Against Bonds. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables loans by pledging mutual funds as collateral for quick funds.
Offers loans using shares as security without credit checks.
Provides funds by pledging bonds for financial needs.
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Funding Insights of Abhiloans
Abhiloans has successfully raised a total of $4.5M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(16 Aug 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Seed - Abhiloans | Valuation | DMI Sparkle Fund | |
| Aug, 2022 | Amount | Debt – Conventional - Abhiloans | 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 Abhiloans
Abhiloans has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Sparkle Fund, Niten Malhan and Ashvin Chadha. 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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Investment in technology solutions for finance sectors such as lending and insurance.
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Founded Year | Domain | Location | |
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NM
Niten Malhan |
Angel investor, ex-MD of Warburg Pincus, focused on Indian startups
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Founded Year | Domain | Location |
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AC
Ashvin Chadha |
Angel investor, co-founder of Anicut Capital, focused on early-stage startups
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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 Abhiloans
| 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 - Abhiloans
| 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 |
Abhiloans Comparisons
Competitors of Abhiloans
Abhiloans 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 QuickLend, Yenmo, 50Fin and Amplify Energy Innovations, 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 |
Lending solutions against mutual funds are provided for borrowers.
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| domain | founded_year | HQ Location |
Provider of loans against mutual funds for financial applications
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| domain | founded_year | HQ Location |
Loans against investment securities like stocks and bonds are provided.
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| domain | founded_year | HQ Location |
Operates a solar energy marketplace connecting customers, financers, and manufacturers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Abhiloans
Frequently Asked Questions about Abhiloans
When was Abhiloans founded?
Abhiloans was founded in 2015 and raised its 1st funding round 7 years after it was founded.
Where is Abhiloans located?
Abhiloans is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Abhiloans a funded company?
Abhiloans is a funded company, having raised a total of $4.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.5M, raised on Aug 16, 2022.
How many employees does Abhiloans have?
As of Mar 30, 2024, the latest employee count at Abhiloans is 72.
What is the annual revenue of Abhiloans?
Annual revenue of Abhiloans is $369.63K as on Mar 31, 2023.
What does Abhiloans do?
Abhiloans was founded in 2015 in Bengaluru, India, as a fintech platform focused on securities-backed lending. Loans against digital assets, including mutual funds and shares, are facilitated through the online interface. Applications are processed directly on the platform, enabling users to access funding based on their investment holdings. Operations center on streamlining loan approvals in the financial services sector.
Who are the top competitors of Abhiloans?
What products or services does Abhiloans offer?
Abhiloans offers Loan Against Mutual Funds, Loan Against Shares, and Loan Against Bonds.
Who are Abhiloans's investors?
Abhiloans has 4 investors. Key investors include Sparkle Fund, Niten Malhan, Ashvin Chadha, and S K Jain.
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