About Artfine
Artfine is a company based in Mumbai (India) founded in 2018 by Shantanu Bairagi, Arvind Rangarajan, and Saini Rajgopal.. Artfine has raised $1.14 million across 3 funding rounds from investors including Shree nm electricals, Unity Small Finance Bank and AngelBay. The company has 1 employees as of April 04, 2024. Artfine offers products and services including Vendor Finance, Dealer Finance, Receivable Factoring, and MSME Finance. Artfine operates in a competitive market with competitors including Vayana, Veefin, Receivables Exchange of India, Drip Capital and CredAble, among others.
- Headquarter Mumbai, India
- Employees 1 as on 04 Apr, 2024
- Founders Shantanu Bairagi, Arvind Rangarajan, Saini Rajgopal
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Arth Padarth Factors & Finance Pvt Ltd
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$70.36 K (USD)255.31as on Mar 31, 2023
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Net Profit
$-214.25 K (USD)-222.92as on Mar 31, 2023
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EBITDA
$-230.35 K (USD)-170.41as on Mar 31, 2023
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Total Equity Funding
$1.14 M (USD)
in 3 rounds
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Latest Funding Round
$755.93 K (USD), Seed
Mar 27, 2024
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Investors
Shree nm electricals
& 16 more
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Employee Count
1
as on Apr 04, 2024
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Products & Services of Artfine
Artfine offers a comprehensive portfolio of products and services, including Vendor Finance, Dealer Finance, Receivable Factoring, and MSME Finance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Financing for vendors to manage working capital effectively.
Financial support for dealers in business transactions.
Service to discount invoices for immediate cash flow.
Loans and financing tailored for small and medium enterprises.
Funding Insights of Artfine
Artfine has successfully raised a total of $1.14M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $755.93 thousand completed in March 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 3
- Last Round Seed — $755,931
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First Round
First Round
(24 Mar 2022)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Seed - Artfine | Valuation | Unity Small Finance Bank | |
| Mar, 2023 | Amount | Seed - Artfine | Valuation | Inoventures | |
| Mar, 2022 | Amount | Seed - Artfine | Valuation | Inoventures |
| 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 Artfine
Artfine has secured backing from 17 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Shree nm electricals, Unity Small Finance Bank and AngelBay. 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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Angel network focused on multiple sectors
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Founded Year | Domain | Location | |
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Investment in technology-enabled enterprises is facilitated by Inoventures.
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Founded Year | Domain | Location | |
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Provides savings accounts, loans, and digital banking for personal and business financial needs.
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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 Artfine
| 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 - Artfine
| 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 |
Artfine Comparisons
Competitors of Artfine
Artfine 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 Vayana, Veefin, Receivables Exchange of India, Drip Capital and CredAble, 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 |
Platform for trade credit and supply chain finance is provided.
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| domain | founded_year | HQ Location |
SaaS-based supply chain financing solutions are delivered globally.
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| domain | founded_year | HQ Location |
MSME trade receivables are financed via TReDS platform through auctions.
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| domain | founded_year | HQ Location |
An online marketplace platform for trade financing is developed.
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| domain | founded_year | HQ Location |
Provider of working capital and supply chain finance solutions for businesses
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| domain | founded_year | HQ Location |
Web-enabled procure-to-pay solution for enterprise procurement is provided.
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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 Artfine
Frequently Asked Questions about Artfine
When was Artfine founded?
Artfine was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Artfine located?
Artfine is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Artfine a funded company?
Artfine is a funded company, having raised a total of $1.14M across 3 funding rounds to date. The company's 1st funding round was a Seed of $262.3K, raised on Mar 24, 2022.
How many employees does Artfine have?
As of Apr 04, 2024, the latest employee count at Artfine is 1.
What is the annual revenue of Artfine?
Annual revenue of Artfine is $70.36K as on Mar 31, 2023.
What does Artfine do?
Artfine was founded in 2018 in Mumbai, India, as a provider of tailored supply chain finance solutions. Services such as vendor finance, dealer finance, receivable factoring, and MSME finance are structured to meet specific client needs in the supply chain sector. Technology is leveraged for implementation, enabling efficient funding for businesses where standard options prove inadequate. Operations focus on the Indian market, supporting complex financial requirements within supply chains.
Who are the top competitors of Artfine?
Artfine's top competitors include CredAble, Vayana and Drip Capital.
What products or services does Artfine offer?
Artfine offers Vendor Finance, Dealer Finance, Receivable Factoring, and MSME Finance.
Who are Artfine's investors?
Artfine has 17 investors. Key investors include Shree nm electricals, Unity Small Finance Bank, AngelBay, Mosaic Capital Services, and Ketan Chandrakant Gaikwad.
What is Artfine's valuation?
The valuation of Artfine is $6.84M as of Mar 2024.