About Anthem
Anthem is a company based in Chennai (India) founded in 2018.. Anthem has raised $3.14 million across 4 funding rounds from investors including Accion, Elevation Capital and Wrx Investment. The company has 2 employees as of August 31, 2022. Anthem operates in a competitive market with competitors including Vanco Payment Solutions, GrayQuest, zenda, ClassWallet and Jodo, among others.
- Headquarter Chennai, India
- Employees 2 as on 31 Aug, 2022
- Stage Minicorn
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Sectors
Education
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$23.21 K (USD)200as on Mar 31, 2024
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Net Profit
$-29.64 K (USD)93as on Mar 31, 2024
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EBITDA
$-29.63 K (USD)84as on Mar 31, 2024
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Total Equity Funding
$3.14 M (USD)
in 4 rounds
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Latest Funding Round
$1.07 M (USD), Series A
May 14, 2021
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Investors
Accion
& 19 more
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Employee Count
2
as on Aug 31, 2022
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Funding Insights of Anthem
Anthem has successfully raised a total of $3.14M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1.07 million 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 Total Funding
- Total Rounds 4
- Last Round Series A — $1.1M
- First Round First Round
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series A - Anthem | Valuation | Accion | |
| Jun, 2019 | Amount | Seed - Anthem | Valuation | Elevation Capital | |
| Jan, 2019 | Amount | Angel Round - Anthem | Valuation | Michael Yee McCaffrey |
| 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 Anthem
Anthem has secured backing from 20 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Accion, Elevation Capital and Wrx Investment. 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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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Investments are directed toward edtech sector by venture capital fund.
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Founded Year | Domain | Location | |
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Impact investments are targeted by VilCap Investments venture capital firm.
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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 Anthem
| 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 - Anthem
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Anthem Comparisons
Competitors of Anthem
Anthem 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 Vanco Payment Solutions, GrayQuest, zenda, ClassWallet and Jodo, 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 |
Payment gateway solutions are provided for faith-based organizations and nonprofits.
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| domain | founded_year | HQ Location |
SaaS-based fee collection platform for educational institutions is offered.
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| domain | founded_year | HQ Location |
Provider of app-based pay-now and pay-later solutions for students
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| domain | founded_year | HQ Location |
SaaS-driven digital wallet solutions are provided for schools.
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| domain | founded_year | HQ Location |
Automated fee management platform for educational institutions is provided.
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| domain | founded_year | HQ Location |
School financial management is enabled via a digital platform.
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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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Frequently Asked Questions about Anthem
When was Anthem founded?
Anthem was founded in 2018.
Where is Anthem located?
Anthem is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Is Anthem a funded company?
Anthem is a funded company, having raised a total of $3.14M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $369.36K, raised on May 23, 2018.
How many employees does Anthem have?
As of Aug 31, 2022, the latest employee count at Anthem is 2.
What is the annual revenue of Anthem?
Annual revenue of Anthem is $23.21K as on Mar 31, 2024.
What does Anthem do?
Anthem was founded in 2018 in Chennai, India, within the fintech sector. A mobile and SaaS-based platform is operated to handle financial management tasks. Services encompass fee collection, revenue management, payment gateways, and AI-generated reports. The associated mobile application is accessible on Android and iOS devices, supporting operations primarily in India.
Who are the top competitors of Anthem?
Anthem's top competitors include Vanco Payment Solutions, GrayQuest and ClassWallet.
Who are Anthem's investors?
Anthem has 20 investors. Key investors include Accion, Elevation Capital, Wrx Investment, Mark And Mina Daniels Investment Trust, and Mp And Lm Cushway Atf Mark And Leigh Cushway Superannution Fund.
What is Anthem's valuation?
The valuation of Anthem is $7.99M as of May 2021.