About AppZen
AppZen is a company based in Sunnyvale (United States) founded in 2012 by Kunal Verma and Anant Kale.. AppZen has raised $282.51 million across 8 funding rounds from investors including Mastercard, SVB and FundersClub. The company has 130 employees as of April 07, 2024. AppZen operates in a competitive market with competitors including Conta Simples, Mendel, Brightflag, FlexM and Center, among others.
- Headquarter Sunnyvale, United States
- Employees 130 as on 07 Apr, 2024
- Founders Kunal Verma, Anant Kale
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Appzen Labs India Private Limited
- Date of Incorporation 25 Mar, 2019
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$4.03 M (USD)62.84as on Mar 31, 2022
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Net Profit
$456.12 K (USD)63.42as on Mar 31, 2022
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EBITDA
$741.13 K (USD)80.07as on Mar 31, 2022
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Total Equity Funding
$282.51 M (USD)
in 8 rounds
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Latest Funding Round
$180 M (USD), Series D
Sep 22, 2025
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Investors
Mastercard
& 10 more
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Employee Count
130
as on Apr 07, 2024
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Software Development Team
8 people
Sales and Marketing
8 people
Product Management Team
7 people
Leadership Team
6 people
Human Resources and Administration
4 people
Unknown Team
3 people
Data Analysis and Operations Team
3 people
Finance and Accounting
3 people
Unlock access to complete
Funding Insights of AppZen
AppZen has successfully raised a total of $282.51M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $180 million completed in September 2025. 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 8
- Last Round Series D — $180.0M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Series D - AppZen | Valuation | Riverwood Capital |
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| Sep, 2019 | Amount | Series C - AppZen | Valuation | Coatue | |
| Oct, 2018 | Amount | Series B - AppZen | Valuation | Arif Janmohamed , Lightspeed Venture Partners |
| 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 AppZen
AppZen has secured backing from 11 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Mastercard, SVB and FundersClub. 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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Provider of an investment platform for various stages
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Founded Year | Domain | Location | |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Redpoint Ventures is engaged in venture capital investments.
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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 AppZen
| 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 - AppZen
| 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 |
Appzen Comparisons
Competitors of AppZen
AppZen 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 Conta Simples, Mendel, Brightflag, FlexM and Center, 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 businesses
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| domain | founded_year | HQ Location |
Expense analysis and management solutions are provided for businesses.
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| domain | founded_year | HQ Location |
AI-based legal spend management software is offered for corporate lawyers.
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| domain | founded_year | HQ Location |
Expense management and bill payment solutions are offered to businesses.
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| domain | founded_year | HQ Location |
AI-based expense management software is utilized for reporting and auditing.
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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 Appzen
Frequently Asked Questions about AppZen
When was AppZen founded?
AppZen was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is AppZen located?
AppZen is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Who is the current CEO of AppZen?
Anant Kale is the current CEO of AppZen. They have also founded this company.
Is AppZen a funded company?
AppZen is a funded company, having raised a total of $282.51M across 8 funding rounds to date. The company's 1st funding round was a Series B of $35M, raised on Nov 05, 2014.
How many employees does AppZen have?
As of Apr 07, 2024, the latest employee count at AppZen is 130.
What is the annual revenue of AppZen?
Annual revenue of AppZen is $4.03M as on Mar 31, 2022.
What does AppZen do?
AppZen was founded in 2012 in Sunnyvale, United States, and operates in the fintech sector focused on expense management. Natural language processing, machine learning, and artificial intelligence are utilized by the companys virtual assistant to handle enterprise expense report audits and compliance. Reports are automatically generated from sources including credit cards, receipts, calendars, and travel itineraries via a mobile solution. Clients such as Comcast, National Instruments, and Calypso are served.
Who are the top competitors of AppZen?
AppZen's top competitors include Conta Simples, Brightflag and FlexM.
Who are AppZen's investors?
AppZen has 11 investors. Key investors include Mastercard, SVB, FundersClub, Lightspeed Venture Partners, and Coatue.
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