About Adevole
Adevole is a Financial Services company based in Mumbai (India) founded in 2008, and was acquired by RBL Bank in November 2017. Shopify apps are developed and supported for e-commerce merchants. It operates on a SaaS (Software-as-a-Service) and Freemium model. Adevole has raised $9.3 million across 3 funding rounds from investors including RBL Bank, SIDBI and Accion. The company has 459 employees. Its chief executive, as recorded, is Amrita Monga Kapoor. Adevole offers products and services including InstaFeed+Story, Calee: Event Calendar, and WishIt: Theme Sections. Its focus areas include Technology, Software and E-commerce Solutions. Its legal entity in India is Swadhaar Information And Management Services Private Limited (U74999MH2013PTC242681).
Company details
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.
- Headquarters Mumbai, India
- Employees 459
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website swadhaar.com
- Social LinkedIn Facebook
- Acquired by RBL Bank (Nov 2017)
- Legal Name Swadhaar Information And Management Services Private Limited
- Date of Incorporation 30 Apr, 2013
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue$1.65 M (USD)30as on Mar 31, 2024
- Net Profit-$31.82 K (USD)32as on Mar 31, 2024
- EBITDA-$24.17 K (USD)40as on Mar 31, 2024
- Total Equity Funding$9.3M (USD)
in 3 rounds
- Latest Funding Round$450K (USD), Series A
Sep 2013
- InvestorsRBL Bank
& 6 more
- Employee Count459
- Acquired byRBL Bank
(Nov 2017)
Associated legal entities of Adevole
Adevole operates through Swadhaar Information And Management Services Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Swadhaar Information And Management Services Private Limited CIN U74999MH2013PTC242681 | Amalgamated | 30 Apr 2013 | Mumbai, Maharashtra | 968 | 3 | View details |
Products & Services of Adevole
Adevole offers a comprehensive portfolio of products and services, including InstaFeed+Story, Calee: Event Calendar, and WishIt: Theme Sections.
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.
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 $9.3M
- Total Rounds 3
- Last Round Series A — $450,000
- First Round $3M
(Oct 2008)
- Investors Count 6
All 3 funding rounds of Adevole 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 |
|---|---|---|---|---|---|
| Sep 2013 | $450,000 | Series A | – | – | |
| Jul 2010 | $5.85M | Series A | – | MicroVest | |
| Oct 2008 | $3M | Series A | – | – |
7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture debt and private equity investments are provided by MicroVest. | 2003 | microvestfund.com | Bethesda, United States | |
Venture capital is directed toward social impact investments. | unitus.com | Seattle, United States | ||
Investing in early growth for inclusive businesses in education, healthcare, and e-commerce. | 2006 | elevarequity.com | Bengaluru, India | |
Financial support is extended to micro, small, and medium enterprises. | 1990 | sidbi.in | Lucknow, India | |
Foundation focused on early-stage investments in fintech sector | 1961 | accion.org | ||
Education and poverty initiatives are funded by the foundation. | msdf.org | Austin, United States | ||
Commercial banking services for personal and business needs are provided. | 1943 | rblbank.com | Mumbai, India |
Investor details for Adevole
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Swadhaar Information And Management Services Private Limited (Adevole)
Swadhaar Information And Management Services Private Limited is the primary company behind Adevole. The board of Swadhaar Information And Management Services Private Limited currently have 3 directors; the longest-serving is Veena Vikas Mankar, appointed in 2014. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Veena Vikas Mankar DIN 00004168 | Director | 05 Aug 2014 | 12 yrs 2 mo | Swadhaar Information And Management Services Private Limited |
| Pranav Shailesh Desai DIN 07153262 | Director | 23 Apr 2015 | 11 yrs 6 mo | Swadhaar Information And Management Services Private Limited |
| Madhan Mohan Govindasamy DIN 05323914 | Additional Director | 17 Nov 2016 | 9 yrs 11 mo | Swadhaar Information And Management Services Private Limited |
People of Adevole
16 people are tracked at Adevole (2 in leadership, 14 in team); the tracked headcount is 459.
| Name | Role | Group |
|---|---|---|
Amrita Monga Kapoor | CEO | Leadership |
| Founder | Leadership | |
Rajesh Rbl | Sales Executive | Team |
Narayan Jangid | Assistant Area Manager | Team |
Mithilesh Kumar Mandal | Senior Executive | Team |
Chirag Maicha | Sales Manager | Team |
Chandra Vijay Singh Rathore | Regional Manager | Team |
Priti Bariya | Branch Credit Incharge | Team |
Arul Perumal | Cluster Credit Incharge | Team |
Shaik Khalid Basha | Relationship Officer | Team |
Rajesh Chauhan | Branch Credit Manager | Team |
Mrugesh Mehta | Branch Credit Manager | Team |
Prafull Agarwal | Cluster Credit Manager | Team |
Vibhash Shrivastava | Credit Manager | Team |
Deepak Katni | Loan Officer | Team |
Suraj Kumar Gupta | GLO | Team |
Complete people profiles for Adevole
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Adevole
4 dated milestones of Adevole across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Adevole is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series A, of $450K.
- Exit Acquired by RBL Bank.
Web traffic of Adevole
Websites that share an audience with Adevole (swadhaar.com).
Websites whose visitors overlap most with Adevole. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ab-mfbnigeria.com | 100% | 5.9K | #2,932,772 | View details | |
| microfinancelessons.com | 100% | #7,672,253 | View details | ||
 statuatorycompliance.blogspot.in | statuatorycompliance.blogspot.in | 76% | – | ||
| ghamfin.org | 62% | 10.3K | #2,812,901 | View details |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Adevole
Complete news archive for Adevole
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Adevole
Adevole was founded in 2008.
Adevole is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Amrita Monga Kapoor is the CEO of Adevole, as recorded in our data.
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 2008.
Adevole has 459 employees.
Annual revenue of Adevole is $1.65M as on Mar 31, 2024.
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.
Adevole offers InstaFeed+Story, Calee: Event Calendar, and WishIt: Theme Sections.
Adevole has 7 investors. Key investors include RBL Bank, SIDBI, Accion, MicroVest, and Elevar Equity.
Adevole operates through Swadhaar Information And Management Services Private Limited.
Yes. Adevole was acquired by RBL Bank in November 2017.
The legal entities of Adevole currently have 3 directors, including Veena Vikas Mankar, Pranav Shailesh Desai, Madhan Mohan Govindasamy.