About Adevole
Adevole is a company based in Mumbai (India) founded in 2008 was acquired by RBL Bank in November 2017. It operates as a SaaS (Software-as-a-Service), and Freemium. Adevole has raised $9.3 million across 3 funding rounds from investors including RBL Bank, SIDBI and Accion. The company has 459 employees as of October 31, 2024. Adevole offers products and services including InstaFeed+Story, Calee: Event Calendar, and WishIt: Theme Sections.
- Headquarter Mumbai, India
- Employees 459 as on 31 Oct, 2024
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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 Swadhaar Information And Management Services Private Limited
- Date of Incorporation 30 Apr, 2013
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.65 M (USD)30as on Mar 31, 2024
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Net Profit
$-31.82 K (USD)32as on Mar 31, 2024
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EBITDA
$-24.17 K (USD)40as on Mar 31, 2024
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Total Equity Funding
$9.3 M (USD)
in 3 rounds
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Latest Funding Round
$450 K (USD), Series A
Sep 11, 2013
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Investors
RBL Bank
& 6 more
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Employee Count
459
as on Oct 31, 2024
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Acquired by
RBL Bank
(Nov 16, 2017)
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Products & Services of Adevole
Adevole offers a comprehensive portfolio of products and services, including InstaFeed+Story, Calee: Event Calendar, and WishIt: Theme Sections. 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.
Instagram feeds and stories are showcased responsively on mobile.
Events are displayed and RSVPs collected via calendar widget.
Pre-built theme sections are offered for flexible customization.
Unlock access to complete
Funding Insights of Adevole
Adevole has successfully raised a total of $9.3M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $450 thousand completed in September 2013. 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 3
- Last Round Series A — $450,000
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First Round
First Round
(14 Oct 2008)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2013 | Amount | Series A - Adevole | Valuation |
investors |
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| Jul, 2010 | Amount | Series A - Adevole | Valuation | MicroVest | |
| Oct, 2008 | Amount | Series A - Adevole | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Adevole
Adevole has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include RBL Bank, SIDBI and Accion. 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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Venture debt and private equity investments are provided by MicroVest.
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Founded Year | Domain | Location | |
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Venture capital is directed toward social impact investments.
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Founded Year | Domain | Location | |
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Investing in early growth for inclusive businesses in education, healthcare, and e-commerce.
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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 Adevole
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Adevole
| 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 |
Adevole Comparisons
Competitors of Adevole
| 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 Adevole
Frequently Asked Questions about Adevole
When was Adevole founded?
Adevole was founded in 2008.
Where is Adevole located?
Adevole is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Adevole?
Amrita Monga Kapoor is the current CEO of Adevole.
Is Adevole a funded company?
Adevole is a funded company, having raised a total of $9.3M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Oct 14, 2008.
How many employees does Adevole have?
As of Oct 31, 2024, the latest employee count at Adevole is 459.
What is the annual revenue of Adevole?
Annual revenue of Adevole is $1.65M as on Mar 31, 2024.
What does Adevole do?
Intuitive Shopify apps are developed by Adevole, trusted by over 21,000 merchants worldwide. Solutions are provided in the e-commerce sector, focusing on enhancing online store functionality. Apps such as Instagram feed showcases, event calendars, and theme customization sections are offered with exceptional support. Mobile responsiveness and user-friendly design are prioritized in the applications created.
What products or services does Adevole offer?
Adevole offers InstaFeed+Story, Calee: Event Calendar, and WishIt: Theme Sections.
Who are Adevole's investors?
Adevole has 7 investors. Key investors include RBL Bank, SIDBI, Accion, MicroVest, and Elevar Equity.
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