About Ardeko
Ardeko is a company based in Ahmedabad (India) founded in 2018 by Devam Modi.. Ardeko has raised $578.13 thousand across 1 funding round from investors including Sagir Mohib Khericha and Saurabh Kumar. The company has 40 employees as of December 31, 2022. Ardeko operates in a competitive market with competitors including Prudent, Reliance Capital, Synechron, Equentis Wealth Advisory Services and Auctus Advisors, among others.
- Headquarter Ahmedabad, India
- Employees 40 as on 31 Dec, 2022
- Founders Devam Modi
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
- Legal Name Ardeko Asset Management Private Limited
- Date of Incorporation 07 Feb, 2024
- Jurisdiction Ahmedabad, Gujarat, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$578.13 K (USD)
in 1 rounds
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Latest Funding Round
$578.13 K (USD), Angel Round
Jan 22, 2025
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Investors
& 1 more
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Employee Count
40
as on Dec 31, 2022
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Funding Insights of Ardeko
Ardeko has successfully raised a total of $578.13K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $578.13 thousand completed in January 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 1
- Last Round Angel Round — $578,130
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First Round
First Round
(22 Jan 2025)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Angel Round - Ardeko | Valuation | Sagir Mohib Khericha |
| 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 Ardeko
Ardeko has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Sagir Mohib Khericha and Saurabh Kumar. 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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SM
Sagir Mohib Khericha |
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Founded Year | Domain | Location |
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SK
Saurabh Kumar |
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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 Ardeko
| 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 - Ardeko
| 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 |
Ardeko Comparisons
Competitors of Ardeko
Ardeko 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 Prudent, Reliance Capital, Synechron, Equentis Wealth Advisory Services and Auctus Advisors, 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 |
Provider of financial products and investment services
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| domain | founded_year | HQ Location |
Financial services including loans, insurance, and asset management are provided.
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| domain | founded_year | HQ Location |
Synechron is recognized as a global technology and AI consulting firm.
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| domain | founded_year | HQ Location |
Investment advisory and research platform
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| domain | founded_year | HQ Location |
Strategic consulting and advisory services for management decisions are provided.
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| domain | founded_year | HQ Location |
Financial advisory services are offered by Kotak Mutual Fund.
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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 Ardeko
When was Ardeko founded?
Ardeko was founded in 2018 and raised its 1st funding round 7 years after it was founded.
Where is Ardeko located?
Ardeko is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Is Ardeko a funded company?
Ardeko is a funded company, having raised a total of $578.13K across 1 funding round to date. The company's 1st funding round was a Angel Round of $578.13K, raised on Jan 22, 2025.
How many employees does Ardeko have?
As of Dec 31, 2022, the latest employee count at Ardeko is 40.
What does Ardeko do?
A SEBI registered investment advisor providing wealth and investment solutions for family offices, high-net-worth individuals, and businesses. They offer advisory services encompassing investment strategy, product selection, deployment, and review. Their services include family office advisory, focusing on balancing post-tax returns and risk; product advisory, covering equity, debt, and startup investments through various instruments; and investment advisory, involving in-depth research on projects, businesses, and sectors. The firm employs an advisory-only model, prioritizing client interests and transparency. They possess extensive experience in debt and equity research, working with major fund managers in the Indian market.
Who are the top competitors of Ardeko?
Ardeko's top competitors include Prudent, Reliance Capital and Equentis Wealth Advisory Services.
Who are Ardeko's investors?
Ardeko has 2 investors. Key investors include Sagir Mohib Khericha, and Saurabh Kumar.
What is Ardeko's valuation?
The valuation of Ardeko is $6.07M as of Jan 2025.
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