About BillionLoans
BillionLoans is a company based in Bengaluru (India) founded in 2016 by Venkatraman Balakrishnan and Rangan Varadan. BillionLoans has raised $1.94 million across 3 funding rounds from investors including Reliance Capital, Raghunath G Subramanian and Start 2 Scale Venture. The company has 4 employees as of April 04, 2024. BillionLoans operates in a competitive market with competitors including Epimoney, IndiaLends, Tala, i2i and TrillionLoans, among others.
- Headquarter Bengaluru, India
- Employees 4 as on 04 Apr, 2024
- Founders Venkatraman Balakrishnan, Rangan Varadan
- 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
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- Legal Name Billionloans Financial Services Private Limited
- Date of Incorporation 09 Nov, 2016
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$163.85 K (USD)104.15as on Mar 31, 2023
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Net Profit
-$76.72 K (USD)-19.08as on Mar 31, 2023
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EBITDA
-$4.38 K (USD)89.58as on Mar 31, 2023
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Total Equity Funding
$1.94 M (USD)
in 3 rounds
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Latest Funding Round
$267.61 K (USD), Angel Round
Jul 29, 2020
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Investors
Reliance Capital
& 4 more
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Employee Count
4
as on Apr 04, 2024
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Funding Insights of BillionLoans
BillionLoans has successfully raised a total of $1.94M across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $267.61 thousand completed in July 2020. 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.
Investors in BillionLoans
BillionLoans has secured backing from 5 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Reliance Capital, Raghunath G Subramanian and Start 2 Scale Venture.
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Seed-stage investments are managed by Start 2 Scale Venture.
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Financial services including loans, insurance, and asset management are provided.
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Raghunath G Subramanian |
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Investor details for BillionLoans
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Investments & Acquisitions by BillionLoans
Investment portfolio details for BillionLoans
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Financial Statements - BillionLoans
Detailed financials for BillionLoans
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Billionloans Comparisons
Peer comparison for BillionLoans
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Competitors of BillionLoans
BillionLoans 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 Epimoney, IndiaLends, Tala, i2i and TrillionLoans, among others.
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Consumer and business loans are facilitated via an online platform.
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Online platform providing loans and credit cards from various financial institutions
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Fintech services for credit, savings, and payments are delivered globally.
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Borrowers are connected with investors through P2P lending services.
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Gold loans are facilitated via an online consumer marketplace.
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Investors and borrowers are connected via a P2P lending platform.
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Detailed competitors of BillionLoans
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Latest news on Billionloans
Complete news archive for BillionLoans
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Frequently Asked Questions about BillionLoans
BillionLoans was founded in 2016 and raised its 1st funding round 1 year after it was founded.
BillionLoans is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rangan Varadan is the current CEO of BillionLoans. They have also founded this company.
BillionLoans is a funded company, having raised a total of $1.94M across 3 funding rounds to date.
As of Apr 04, 2024, the latest employee count at BillionLoans is 4.
Annual revenue of BillionLoans is $163.85K as on Mar 31, 2023.
BillionLoans was established in 2016 as a non-banking financial institution based in Bengaluru, India. Diverse financing options are offered, encompassing supply chain finance, sales and purchase bill discounting, business term loans, machinery and equipment financing, personal loans, and housing loans. Advisory services for working capital are also provided, supporting short-term operational requirements and long-term investments in assets or property.
BillionLoans has 5 investors. Key investors include Reliance Capital, Raghunath G Subramanian, Start 2 Scale Venture, Kanagasingam Kathirkama Thamby, and Sunil Haridass.
The valuation of BillionLoans is $16.93M as of Jul 2020.