About Arogya Finance
Arogya Finance is a company based in Mumbai (India) founded in 2011 by Yogesh Mariwalla.. Arogya Finance has raised $988.46 thousand across 6 funding rounds from investors including Italica, 1Crowd and Index Advisory. Arogya Finance operates in a competitive market with competitors including CareCover and Qonect, among others.
- Headquarter Mumbai, India
- Founders Yogesh Mariwalla
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ramtirth Leasing And Finance Company Private Limited
- Date of Incorporation 12 Jun, 1995
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$709.65 K (USD)131.88as on Mar 31, 2024
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Net Profit
$32.1 K (USD)357.82as on Mar 31, 2024
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EBITDA
$272.96 K (USD)238.14as on Mar 31, 2024
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Total Equity Funding
$988.46 K (USD)
in 6 rounds
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Latest Funding Round
$359.52 K (USD), Seed
Jun 26, 2024
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Investors
Italica
& 35 more
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Employee Count
Employee Count
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Funding Insights of Arogya Finance
Arogya Finance has successfully raised a total of $988.46K across 6 strategic funding rounds. The most recent funding activity was a Seed round of $359.52 thousand completed in June 2024. 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 6
- Last Round Seed — $359,523
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First Round
First Round
(03 Mar 2017)
- Investors Count 36
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - Arogya Finance | Valuation | Kunjumary Jose | |
| Apr, 2021 | Amount | Seed - Arogya Finance | Valuation | 1Crowd |
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| Jul, 2019 | Amount | Seed - Arogya Finance | Valuation | Praveen Sood , Alok Sethi |
| 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 Arogya Finance
Arogya Finance has secured backing from 36 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Italica, 1Crowd and Index Advisory. 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 venture capital investment firm
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Founded Year | Domain | Location | |
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Sector agnostic startup incubator
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Founded Year | Domain | Location | |
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Italica is engaged in manufacturing and selling plastic furniture.
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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 Arogya Finance
| 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 - Arogya Finance
| 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 |
Arogya Finance Comparisons
Competitors of Arogya Finance
Arogya 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 CareCover and Qonect, 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 |
Healthcare expenses are financed via a specialized credit card.
|
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| domain | founded_year | HQ Location |
Healthcare financing is provided through an online credit 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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Latest news on Arogya Finance
Frequently Asked Questions about Arogya Finance
When was Arogya Finance founded?
Arogya Finance was founded in 2011 and raised its 1st funding round 6 years after it was founded.
Where is Arogya Finance located?
Arogya Finance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Arogya Finance a funded company?
Arogya Finance is a funded company, having raised a total of $988.46K across 6 funding rounds to date. The company's 1st funding round was a Seed of $259.47K, raised on Mar 03, 2017.
What is the annual revenue of Arogya Finance?
Annual revenue of Arogya Finance is $709.65K as on Mar 31, 2024.
What does Arogya Finance do?
Arogya Finance was established in 2011 in Mumbai, India, within the financial services sector. Medical loans are offered to individuals and families excluded from traditional banking due to lack of formal documentation like salary slips or collateral. A proprietary credit evaluation method is utilized to assess eligibility and facilitate lending. Operations focus on underserved populations in India, enabling access to healthcare financing without standard requirements.
Who are the top competitors of Arogya Finance?
Who are Arogya Finance's investors?
Arogya Finance has 36 investors. Key investors include Italica, 1Crowd, Index Advisory, Necurity, and Kunjumary Jose.
What is Arogya Finance's valuation?
The valuation of Arogya Finance is $3.42M as of Jun 2024.