About Acru
Acru is a company based in Bengaluru (India) founded in 2019 by Manjunath Reddy and Hari Praveen was acquired by Stockal in September 2024. Acru has raised $233.07 thousand across 1 funding round from investors including Stockal, Vertexperts Consulting and U B Cotton. Acru operates in a competitive market with competitors including Kaleidofin, Tala, Siply, Dvara Money and Wizely, among others.
- Headquarter Bengaluru, India
- Founders Manjunath Reddy, Hari Praveen
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Acru Finserv Private Limited
- Date of Incorporation 03 May, 2019
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$8.18 K (USD)-55as on Mar 31, 2024
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Net Profit
-$166.22 K (USD)-29as on Mar 31, 2024
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EBITDA
-$159.31 K (USD)-29as on Mar 31, 2024
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Total Equity Funding
$233.07 K (USD)
in 1 rounds
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Latest Funding Round
$233.07 K (USD), Seed
May 11, 2021
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Investors
Stockal
& 5 more
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Employee Count
Not available
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Acquired by
Stockal
(Sep 18, 2024)
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Funding Insights of Acru
Acru has successfully raised a total of $233.07K through 1 strategic funding round. The most recent funding activity was a Seed round of $233.07 thousand completed in May 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 Acru
Acru has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Stockal, Vertexperts Consulting and U B Cotton.
| Investor | Description | Founded Year | Domain | Location |
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Offering seed funding and incubation services to early-stage companies in India.
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A website offering general information, contact services, and support in Jakarta.
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RJ
Ravindra J N |
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Investor details for Acru
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Investments & Acquisitions by Acru
Investment portfolio details for Acru
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Financial Statements - Acru
Detailed financials for Acru
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Acru Comparisons
Peer comparison for Acru
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Competitors of Acru
Acru 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 Kaleidofin, Tala, Siply, Dvara Money and Wizely, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of financial technology solutions for inclusive lending
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Fintech services for credit, savings, and payments are delivered globally.
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Provider of micro‑savings and financial inclusion services via AI‑driven app
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Wealth management services are delivered via diversified tech-enabled accounts.
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Automated savings are managed through a goal-oriented mobile app.
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Detailed competitors of Acru
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Latest news on Acru
Complete news archive for Acru
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Frequently Asked Questions about Acru
Acru was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Acru is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Manjunath Reddy is the current CEO of Acru. They have also founded this company.
Acru is a funded company, having raised a total of $233.07K across 1 funding round to date.
Annual revenue of Acru is $8.18K as on Mar 31, 2024.
Acru was founded in 2019 in Bengaluru, India, as a fintech platform focused on micro-savings. Participation in savings and investment products from SEBI-registered mutual funds is facilitated through an Android app. Users are allowed to select savings amounts and timings, with small sums invested seamlessly. Operations center on accessible financial tools for individual savers in the Indian market.
Acru's top competitors include Kaleidofin, Tala and Wizely.
Acru has 6 investors. Key investors include Stockal, Vertexperts Consulting, U B Cotton, Ravindra J N, and Rakesh Sharma Kumar.