About Balance Tech
Balance Tech is a company based in Bengaluru (India) founded in 2015 was acquired by Paytm in August 2018.. Balance Tech has raised $232.85 thousand across 1 funding round from investors including Paytm and Rainmatter. The company has 892 employees as of June 30, 2020. Balance Tech operates in a competitive market with competitors including Spenny, Piggy, Tranako and pennywise, among others.
- Headquarter Bengaluru, India
- Employees 892 as on 30 Jun, 2020
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Sectors
Technology
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Phone
*********
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Website
*********
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Annual Revenue
$37.3 M (USD)183as on Mar 31, 2022
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Net Profit
$565.19 K (USD)291as on Mar 31, 2022
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EBITDA
$913.16 K (USD)262as on Mar 31, 2022
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Total Equity Funding
$232.85 K (USD)
in 1 rounds
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Latest Funding Round
$232.85 K (USD), Seed
May 05, 2017
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Investors
Paytm
& 1 more
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Employee Count
892
as on Jun 30, 2020
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Acquired by
Paytm
(Aug 09, 2018)
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Funding Insights of Balance Tech
Balance Tech has successfully raised a total of $232.85K through 1 strategic funding round. The most recent funding activity was a Seed round of $232.85 thousand completed in May 2017. 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 Seed — $232,853
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First Round
First Round
(05 May 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Seed - Balance Tech | Valuation | Rainmatter |
|
| 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 Balance Tech
Balance Tech has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Paytm and Rainmatter. 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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Indian fund focused on fintech, health, and climate initiatives.
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Founded Year | Domain | Location | |
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Digital payments, financial services, and e-commerce platforms are provided.
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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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Balance Tech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Balance Tech
| 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 |
Balance Tech Comparisons
Competitors of Balance Tech
Balance Tech 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 Spenny, Piggy, Tranako and pennywise, 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 |
Savings and gold investments are enabled through app-based transaction roundups.
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| domain | founded_year | HQ Location |
Piggy is recognized as a direct mutual fund investment platform in India.
|
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| domain | founded_year | HQ Location |
Spare change from purchases is automatically invested in global assets.
|
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| domain | founded_year | HQ Location |
Offers financial workshops, digital tools, and community for corporate employee education.
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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 Balance Tech
Frequently Asked Questions about Balance Tech
When was Balance Tech founded?
Balance Tech was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Balance Tech located?
Balance Tech is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Balance Tech a funded company?
Balance Tech is a funded company, having raised a total of $232.85K across 1 funding round to date. The company's 1st funding round was a Seed of $232.85K, raised on May 05, 2017.
How many employees does Balance Tech have?
As of Jun 30, 2020, the latest employee count at Balance Tech is 892.
What is the annual revenue of Balance Tech?
Annual revenue of Balance Tech is $37.3M as on Mar 31, 2022.
What does Balance Tech do?
Balance was founded in 2015 in Bengaluru, India, within the fintech sector. A micro-savings app is operated to enable users to set and achieve savings goals. Automated micro-investment options are provided through a partnership with Zerodha, building on core savings features. Operations focus on seamless digital tools for personal finance management, accessible via the domain balance.tech.
Who are the top competitors of Balance Tech?
Who are Balance Tech's investors?
Balance Tech has 2 investors. Key investors include Paytm, and Rainmatter.
What is Balance Tech's valuation?
The valuation of Balance Tech is $647.42K as of May 2017.
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