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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $233,066
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First Round
First Round
(11 May 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Seed - Acru | Valuation | Vertexperts Consulting |
| 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 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. 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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Offering seed funding and incubation services to early-stage companies in India.
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Founded Year | Domain | Location | |
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A website offering general information, contact services, and support in Jakarta.
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Founded Year | Domain | Location | |
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RJ
Ravindra J N |
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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 Acru
| 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 - Acru
| 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 |
Acru Comparisons
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. 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 |
Provider of financial technology solutions for inclusive lending
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| domain | founded_year | HQ Location |
Fintech services for credit, savings, and payments are delivered globally.
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| domain | founded_year | HQ Location |
Provider of micro‑savings and financial inclusion services via AI‑driven app
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| domain | founded_year | HQ Location |
Wealth management services are delivered via diversified tech-enabled accounts.
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| domain | founded_year | HQ Location |
Automated savings are managed through a goal-oriented mobile app.
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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 Acru
Frequently Asked Questions about Acru
When was Acru founded?
Acru was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Acru located?
Acru is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Acru?
Manjunath Reddy is the current CEO of Acru. They have also founded this company.
Is Acru a funded company?
Acru is a funded company, having raised a total of $233.07K across 1 funding round to date. The company's 1st funding round was a Seed of $233.07K, raised on May 11, 2021.
What is the annual revenue of Acru?
Annual revenue of Acru is $8.18K as on Mar 31, 2024.
What does Acru do?
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.
Who are the top competitors of Acru?
Acru's top competitors include Kaleidofin, Tala and Wizely.
Who are Acru's investors?
Acru has 6 investors. Key investors include Stockal, Vertexperts Consulting, U B Cotton, Ravindra J N, and Rakesh Sharma Kumar.