About Advarisk
Advarisk is a company based in Mumbai (India) founded in 2016 by Rahul Metkar and Vishal Sharma. Advarisk has raised $7.81 million across 3 funding rounds from investors including ICICI Bank, Seafund and NABVENTURES. The company has 96 employees as of March 29, 2024. Advarisk offers products and services including AdvaSmart and AdvaNPA. Advarisk operates in a competitive market with competitors including Quantexa, ComplyAdvantage, Riskified, Alloy and Entrust, among others.
- Headquarter Mumbai, India
- Employees 96 as on 29 Mar, 2024
- Founders Rahul Metkar, Vishal Sharma
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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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 Slo Technologies Private Limited
- Date of Incorporation 07 Aug, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$802.31 K (USD)164157.58as on Mar 31, 2023
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Net Profit
-$475.63 K (USD)-2152478.76as on Mar 31, 2023
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EBITDA
-$551.26 K (USD)-803868.87as on Mar 31, 2023
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Total Equity Funding
$7.81 M (USD)
in 3 rounds
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Latest Funding Round
$6.79 M (USD), Series A
Mar 21, 2023
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Investors
ICICI Bank
& 25 more
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Employee Count
96
as on Mar 29, 2024
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Products & Services of Advarisk
Advarisk offers a comprehensive portfolio of products and services, including AdvaSmart and AdvaNPA.
Platform for digitizing real estate collateral onboarding and due diligence.
Tool to improve recovery from defaults using data analytics.
People of Advarisk
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Funding Insights of Advarisk
Advarisk has successfully raised a total of $7.81M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6.79 million completed in March 2023. 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 — $6.8M
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First Round
First Round
(23 Apr 2019)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series A - Advarisk | Valuation | Big Capital | |
| Nov, 2020 | Amount | Seed - Advarisk | Valuation | ICICI Bank |
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| Apr, 2019 | Amount | Seed - Advarisk | Valuation | Sprout Venture Partners , Seafund |
Investors in Advarisk
Advarisk has secured backing from 26 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include ICICI Bank, Seafund and NABVENTURES.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment management for agriculture, food, and rural ventures in India.
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Founded Year | Domain | Location | |
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Venture capital investments in deeptech startups, providing capital and strategic support in Bangalore.
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Founded Year | Domain | Location | |
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Early-stage venture capital investing in consumption and technology sectors in India.
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Founded Year | Domain | Location |
Investments & Acquisitions by Advarisk
Financial Statements - Advarisk
Advarisk Comparisons
Competitors of Advarisk
Advarisk 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 Quantexa, ComplyAdvantage, Riskified, Alloy and Entrust, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered data and decision intelligence solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based anti-money laundering solutions are provided for compliance.
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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| domain | founded_year | HQ Location |
Identity decisioning platform is provided for banks and fintech firms.
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| domain | founded_year | HQ Location |
Provider of digital identity management solutions
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| domain | founded_year | HQ Location |
Provider of fraud prevention and payment validation for online retailers
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Frequently Asked Questions about Advarisk
Advarisk was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Advarisk is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Vishal Sharma is the current CEO of Advarisk. They have also founded this company.
Advarisk is a funded company, having raised a total of $7.81M across 3 funding rounds to date. The company's 1st funding round was a Seed of $700K, raised on Apr 23, 2019.
As of Mar 29, 2024, the latest employee count at Advarisk is 96.
Annual revenue of Advarisk is $802.31K as on Mar 31, 2023.
Advarisk was founded in 2016 in Mumbai, India, as a provider of a platform focused on real estate collateral management within the financial sector. Operations involve digitization of collateral discovery, onboarding, due diligence, and monitoring processes. Tools for assessing property title and encumbrance risks are included, along with solutions that utilize data and forensic analysis to enhance recovery from defaults.
Advarisk's top competitors include ComplyAdvantage, Riskified and Quantexa.
Advarisk offers AdvaSmart and AdvaNPA.
Advarisk has 26 investors. Key investors include ICICI Bank, Seafund, NABVENTURES, Sprout Venture Partners, and WVL.
The valuation of Advarisk is $28.23M as of Mar 2023.