About Ark Neo Finance
Ark Neo Finance is a company based in Chennai (India) founded in 2020 by Balachandran Bhamathi Daita and Chandrasekar Chockanath Ramakrishnan was acquired by Prime Securities in December 2024.. Ark Neo Finance has raised $271.97 thousand across 1 funding round from investors including Prime Securities, Ravi Sundararajan and Swaminath Rajagopal. Ark Neo Finance operates in a competitive market with competitors including DhanLAP, Zerodha Capital and Udhaarde, among others.
- Headquarter Chennai, India
- Founders Balachandran Bhamathi Daita, Chandrasekar Chockanath Ramakrishnan
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Annual Revenue
$40.22 K (USD)55as on Mar 31, 2024
-
Net Profit
$-245.13 K (USD)-78as on Mar 31, 2024
-
EBITDA
$-171.52 K (USD)-30as on Mar 31, 2024
-
Total Equity Funding
$271.97 K (USD)
in 1 rounds
-
Latest Funding Round
$271.97 K (USD), Angel Round
Apr 05, 2021
-
Investors
Prime Securities
& 2 more
-
Employee Count
Employee Count
-
Acquired by
Prime Securities
(Dec 16, 2024)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Ark Neo Finance
Ark Neo Finance has successfully raised a total of $271.97K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $271.97 thousand completed in April 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 1
- Last Round Angel Round — $271,972
-
First Round
First Round
(05 Apr 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Angel Round - Ark Neo Finance | Valuation | Ravi Sundararajan , Swaminath Rajagopal |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ark Neo Finance
Ark Neo Finance has secured backing from 3 investors, including angel and institutional investors. Prominent investors backing the company include Prime Securities, Ravi Sundararajan and Swaminath Rajagopal. 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 |
|---|---|---|---|---|
|
Investment banking and corporate advisory services are offered.
|
Founded Year | Domain | Location | |
|
RS
Ravi Sundararajan |
-
|
Founded Year | Domain | Location |
|
SR
Swaminath Rajagopal |
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Ark Neo Finance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Ark Neo Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ark Neo Finance Comparisons
Competitors of Ark Neo Finance
Ark Neo Finance 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 DhanLAP, Zerodha Capital and Udhaarde, 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 |
A marketplace for asset-backed loans using various collateral is provided.
|
|
| domain | founded_year | HQ Location |
Hosts a digital marketplace for asset-backed loans.
|
|
| domain | founded_year | HQ Location |
Serves as a platform delivering various financial solutions to users.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Ark Neo Finance
When was Ark Neo Finance founded?
Ark Neo Finance was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Ark Neo Finance located?
Ark Neo Finance is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Ark Neo Finance?
Chandrasekar Chockanath Ramakrishnan is the current CEO of Ark Neo Finance. They have also founded this company.
Is Ark Neo Finance a funded company?
Ark Neo Finance is a funded company, having raised a total of $271.97K across 1 funding round to date. The company's 1st funding round was a Angel Round of $271.97K, raised on Apr 05, 2021.
What is the annual revenue of Ark Neo Finance?
Annual revenue of Ark Neo Finance is $40.22K as on Mar 31, 2024.
What does Ark Neo Finance do?
Ark Neo Finance was established in 2020 in Chennai, India, as a direct lending platform in the fintech sector. Loans are provided against assets such as shares, mutual funds, gold, insurance policies, cryptocurrencies, and other investment products. Protection plans are also offered to manage and grow investments with risk adjustments. Operations focus on facilitating secured borrowing for individuals and entities.
Who are the top competitors of Ark Neo Finance?
Ark Neo Finance's top competitors include DhanLAP, Zerodha Capital and Udhaarde.
Who are Ark Neo Finance's investors?
Ark Neo Finance has 3 investors. Key investors include Prime Securities, Ravi Sundararajan, and Swaminath Rajagopal.