About akudo
akudo is a company based in Bengaluru (India) founded in 2020. It operates as a B2C. akudo has raised $4.2 million across 2 funding rounds from investors including Tribe Capital, Incubate Fund India and Y Combinator. The company has 16 employees as of March 31, 2022. akudo operates in a competitive market with competitors including Streak Card, Finteck, NuCash and Zigii, among others.
- Headquarter Bengaluru, India
- Employees 16 as on 31 Mar, 2022
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Akudo Technologies Private Limited
- Date of Incorporation 01 Aug, 2020
- Jurisdiction Sonipat, Haryana, India
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Annual Revenue
$48.4 K (USD)0as on Mar 31, 2022
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Net Profit
$-1.58 M (USD)-137359.89as on Mar 31, 2022
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EBITDA
$-1.55 M (USD)-171165.82as on Mar 31, 2022
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Total Equity Funding
$4.2 M (USD)
in 2 rounds
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Latest Funding Round
$4.2 M (USD), Seed
Sep 27, 2021
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Investors
Tribe Capital
& 11 more
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Employee Count
16
as on Mar 31, 2022
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Funding Insights of akudo
akudo has successfully raised a total of $4.2M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $4.2 million completed in September 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 2
- Last Round Seed — $4.2M
- First Round First Round
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Seed - akudo | Valuation | Y Combinator , JAFCO Asia | |
| Aug, 2021 | Amount | Seed - akudo | Valuation | Y Combinator , Incubate Fund India |
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| 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 akudo
akudo has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include Tribe Capital, Incubate Fund India and Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Investments in early-stage tech startups are made by JAFCO Asia.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage tech startups
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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 akudo
| 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 - akudo
| 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 |
Akudo Comparisons
Competitors of akudo
akudo 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 Streak Card, Finteck, NuCash and Zigii, 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 |
Digital bank for teenagers
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| domain | founded_year | HQ Location |
Online money management platform for teens
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| domain | founded_year | HQ Location |
Digital app for fast education loans and financial management services.
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| domain | founded_year | HQ Location |
Provides B2B platforms for travel bookings and secure transactions.
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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 Akudo
Frequently Asked Questions about akudo
When was akudo founded?
akudo was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is akudo located?
akudo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is akudo a funded company?
akudo is a funded company, having raised a total of $4.2M across 2 funding rounds to date.
How many employees does akudo have?
As of Mar 31, 2022, the latest employee count at akudo is 16.
What is the annual revenue of akudo?
Annual revenue of akudo is $48.4K as on Mar 31, 2022.
What does akudo do?
akudo, established in 2020 and currently in Dissolved stage, focuses on offering financial products and advice, banking, neobanking, and app-based services. Offers an app-based neobank designed for teenagers. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of akudo?
akudo's top competitors include Streak Card, Finteck and Zigii.
Who are akudo's investors?
akudo has 12 investors. Key investors include Tribe Capital, Incubate Fund India, Y Combinator, JAFCO Asia, and AET Fund.