About Acru
Acru is a Technology company based in Bengaluru (India) founded in 2019 by Manjunath Reddy and Hari Praveen, and was acquired by Stockal in September 2024. Micro-savings are enabled via app for mutual fund investments. Acru has raised $233.07 thousand across 1 funding round from investors including Stockal, Vertexperts Consulting and U B Cotton. Its chief executive, as recorded, is Manjunath Reddy. Its Indian entity Acru Finserv Private Limited reported revenue of ₹6.8 Lakh. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Savings Platforms. Its competitors include Kaleidofin, Siply and Dvara Money; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Founders Manjunath Reddy, Hari Praveen
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website acru.in
- Social LinkedIn X Facebook
- Acquired by Stockal (Sep 2024)
- Legal Name Acru Finserv Private Limited
- Date of Incorporation 03 May, 2019
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Acru
Acru operates through Acru Finserv Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Acru Finserv Private Limited CIN U72900KA2019PTC124046 | Active | 03 May 2019 | Bangalore, Karnataka | ₹0.1 Cr | 2 | View details |
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 $233,066
- Total Rounds 1
- Last Round Seed — $233,066
- First Round $233,066
(May 2021)
- Investors Count 5
All 1 funding rounds of Acru with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2021 | $233,066 | Seed | – | Vertexperts Consulting |
6 investors in total: 3 institutional and 3 angel.
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 |
|---|---|---|---|---|
Offering seed funding and incubation services to early-stage companies in India. | 2010 | vertexperts.com | Bengaluru, India | |
A website offering general information, contact services, and support in Jakarta. | 1983 | ubcotton.com | Mumbai, India | |
RJ Ravindra J N | unknown_cf8a7fa476a94843a | |||
RS Rakesh Sharma Kumar | unknown_4d5f92c534ef451e9 | |||
RS R S Vivek | unknown_4b269aa0bca84a0d9 | |||
Fractional trading & investment platform focused on stocks | 2015 | stockal.com | New York, United States |
Investor details for Acru
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Board of directors of Acru Finserv Private Limited (Acru)
Acru Finserv Private Limited is the primary company behind Acru. The board of Acru Finserv Private Limited currently have 2 directors; the longest-serving is Muni Reddy Manjunath Reddy, appointed in 2022. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Muni Reddy Manjunath Reddy DIN 08452153 | Director | 21 Dec 2022 | 3 yrs 10 mo | Acru Finserv Private Limited |
| Sitashwa Srivastava DIN 02746837 | Additional Director | 24 Feb 2025 | 1 yr 8 mo | Acru Finserv Private Limited |
People of Acru
2 people are tracked at Acru (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Hari Praveen | Co-Founder & COO | Leadership |
Complete people profiles for Acru
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Financials of Acru
Figures of Acru Finserv Private Limited, the primary company behind Acru, for FY 2024. Revenue was ₹6.8 Lakh (-55% year on year). Net loss was -₹1.38 Cr (-2032% margin). EBITDA was -₹1.32 Cr (-1947% margin). Revenue has grown at a compounded annual rate of +61% over three years.
- ₹6.8 LakhRevenue · FY 2024 · -55% YoY
- -₹1.38 CrNet loss · -2032% margin
- -₹1.32 CrEBITDA · -1947% margin
- ₹55.9 LakhPaid-up capital
- +61%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Acru Finserv Private Limited are on its company page.
Detailed financial statements for Acru
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Acru
3 dated milestones of Acru across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Acru is founded.
- Funding First funding round of $233K.
- Exit Acquired by Stockal.
Competitors of Acru
Acru has 3 listed competitors in our database, 2 of them funded. They include Kaleidofin, Siply and Dvara Money.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kaleidofin.com | 2017 | Chennai, India | $47.39M | 141 | Provider of financial technology solutions for inclusive lending | |
| siply.in | 2020 | Bengaluru, India | $27.08M | 6 | Provider of micro‑savings and financial inclusion services via AI‑driven app | |
| dvaramoney.com | 2018 | Bengaluru, India | 76 | Wealth management services are delivered via diversified tech-enabled accounts. |
Detailed competitors of Acru
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Web traffic of Acru
The website of Acru (acru.in) receives about 1.7K visits a month.
- Monthly visits1.7K
▲ 135.2% vs previous month
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Acru (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Related news about 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 CEO of Acru, as recorded in our data. They have also founded this 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 2021.
The primary company behind Acru, Acru Finserv Private Limited, reported revenue of ₹6.8 Lakh for FY 2024, down 55% year on year.
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, Siply and Dvara Money.
Acru has 6 investors. Key investors include Stockal, Vertexperts Consulting, U B Cotton, Ravindra J N, and Rakesh Sharma Kumar.
Acru operates through Acru Finserv Private Limited.
Yes. Acru was acquired by Stockal in September 2024.
The legal entities of Acru currently have 2 directors, including Muni Reddy Manjunath Reddy, Sitashwa Srivastava.