About Binocs
Binocs is a Financial Services company based in Bengaluru (India) founded in 2022 by Saurabh Gupta and Tonmoy Shingal. Gen AI powered document analyzer and loan monitoring system. It operates in the Financial Services and Technology sectors. Binocs has raised $4 million across 1 funding round from investors including Accel, Premji Invest and Relentless Ventures. Binocs was last valued at $19.26 million in August 2022. Its chief executive, as recorded, is Saurabh Gupta. Its website binocs.co draws about 11 thousand monthly visits. Its Indian entity Binocs Labs Private Limited reported revenue of ₹1.51 Cr. Binocs offers products and services including Deal Due Diligence, Portfolio Monitoring System, Financial Document Analyser, and Auto Covenant Calculator. Its focus areas include FinTech, Finance & Accounting Tech, Financial Planning & Analysis and Financial Analytics. Its competitors include CreditNirvana, Veefin and FinBox; 3 of its 3 listed competitors have raised funding.
Company details
Binocs was founded in 2022 in Bengaluru, India, within the financial technology sector. An AI-driven platform is offered to institutional lenders and borrowers for portfolio tracking and workflow management. Document analysis is automated to enhance operational efficiency, while loan monitoring supports risk assessment. Services are tailored to streamline processes in lending operations across the region.
- Headquarters Bengaluru, India
- Founders Saurabh Gupta, Tonmoy Shingal
- Stage Minicorn
- SectorsFinancial ServicesTechnology
- Email••••••••
- Website binocs.co
- Social LinkedIn Facebook YouTube
- Legal Name Binocs Labs Private Limited
- Date of Incorporation 10 May, 2022
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.51 Cr
FY 2025 · -20% YoY
- Net Loss-₹3.43 Cr
FY 2025 · -227% margin
- EBITDA-₹3.37 Cr
FY 2025 · -223% margin
- Total Equity Funding$4M (USD)
in 1 rounds
- Latest Funding Round$4M (USD), Seed
Aug 2022
- InvestorsAccel
& 29 more
Associated legal entities of Binocs
Binocs operates through Binocs Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Binocs Labs Private Limited CIN U72900KA2022PTC161068 | Active | 10 May 2022 | Bangalore, Karnataka | ₹1.5 Cr | 13 | 2 | View details |
Products & Services of Binocs
Binocs offers a comprehensive portfolio of products and services, including Deal Due Diligence, Portfolio Monitoring System, Financial Document Analyser, and Auto Covenant Calculator.
Assesses market size and competitive positioning for investments.
Automates document analysis and covenant tracking for portfolios.
Extracts and analyzes financial data from various documents.
Tracks loan covenants and monitors interest repayments.
Apps and channels of Binocs
its YouTube channel Binocs Labs has 3 subscribers and 10 videos.
Videos from Binocs
The most watched videos on Binocs's YouTube channel, Binocs Labs (3 subscribers). Click a video to play it here.
More on Binocs Labs.
Funding Insights of Binocs
Binocs has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Seed round of $4 million completed in August 2022. 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 $4M
- Total Rounds 1
- Last Round Seed — $4M
- First Round $4M
(Aug 2022)
- Investors Count 30
All 1 funding rounds of Binocs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2022 | $4M | Seed | $19.26M | Arkam Ventures, Beenext |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2022 | $19.26M | •••••••• |
Last known valuation $19.26M (Aug 2022). 30 investors in total: 13 institutional and 17 angel.
Investors in Binocs
Binocs has secured backing from 30 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accel, Premji Invest and Relentless Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Venture capital firm focused on pre-seed to series B stage companies | saisoncapital.com | Singapore, Singapore | ||
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Early-stage companies are invested in by Better Capital. | bettercapital.vc | Santa Clara, United States | ||
Tech-enabled sectors are invested in by the venture capital fund. | arkamvc.com | Bengaluru, India | ||
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
Provides venture capital for technology startups and enterprise innovations worldwide. | premjiinvest.com | Bengaluru, India | ||
Multiple sectors are invested in by Malacca Ventures family office. | Singapore, Singapore | |||
Venture capital firm offering funding and mentorship to early-stage startups. | relentless.ventures | Bengaluru, India | ||
Venture capital firm focused on startups |
Investor details for Binocs
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Binocs Labs Private Limited (Binocs)
Binocs Labs Private Limited is the primary company behind Binocs. The board of Binocs Labs Private Limited currently have 2 directors; the longest-serving is Tonmoy Shingal, appointed in 2022. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tonmoy Shingal DIN 02750564 | Director | 10 May 2022 | 4 yrs 6 mo | Binocs Labs Private Limited |
| Saurabh Gupta DIN 11117897 | Director | 21 May 2025 | 1 yr 5 mo | Binocs Labs Private Limited |
People of Binocs
7 people are tracked at Binocs (4 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder & Co-CEO | Leadership | |
| Co-Founder & Co-CEO | Leadership | |
Ghanshyam Agrawal | Chief Technology Officer | Leadership |
Shyam Adhikari | Head | Leadership |
Swastik Sovan Giri | Associate Product Manager | Team |
Rahul Sharma | Lead Software Engineer | Team |
Kshiti Vyas | Product | Team |
Complete people profiles for Binocs
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Binocs
Figures of Binocs Labs Private Limited, the primary company behind Binocs, for FY 2025. Revenue was ₹1.51 Cr (-20% year on year). Net loss was -₹3.43 Cr (-227% margin). EBITDA was -₹3.37 Cr (-223% margin).
- ₹1.51 CrRevenue · FY 2025 · -20% YoY
- -₹3.43 CrNet loss · -227% margin
- -₹3.37 CrEBITDA · -223% margin
- ₹7.6 LakhPaid-up capital
- 13Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Binocs Labs Private Limited are on its company page.
Detailed financial statements for Binocs
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Binocs
3 dated milestones of Binocs, from founding to its latest funding, stage changes and deals.
- Founded Binocs is founded.
- Funding First funding round of $4.0M.
- Milestone Reaches Minicorn status.
Competitors of Binocs
Binocs has 3 listed competitors in our database, 3 of them funded. They include CreditNirvana, Veefin and FinBox.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| creditnirvana.ai | 2018 | Bengaluru, India | $2.2M | 71 | AI/ML-driven debt management platform is offered for financial institutions. | |
| veefin.com | 2020 | Mumbai, India | $3M | 25 | SaaS-based supply chain financing solutions are delivered globally. | |
| finbox.in | 2015 | Bengaluru, India | $51.09M | 215 | Developer of digital credit infrastructure and risk intelligence suite |
Detailed competitors of Binocs
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Binocs
The website of Binocs (binocs.co) receives about 10.6K visits a month.
- Monthly visits10.6K
▲ 86.5% vs previous month
Websites whose visitors overlap most with Binocs. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bitbns.com | 100% | 35.7K | #716,074 | View details |
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Related news about Binocs
Complete news archive for Binocs
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Frequently Asked Questions about Binocs
Binocs was founded in 2022.
Binocs is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Saurabh Gupta is the CEO of Binocs, as recorded in our data. They have also founded this company.
Binocs is a funded company, having raised a total of $4M across 1 funding round to date. The company's 1st funding round was a Seed of $4M, raised on Aug 2022.
The primary company behind Binocs, Binocs Labs Private Limited, reported revenue of ₹1.51 Cr for FY 2025, down 20% year on year.
Binocs was founded in 2022 in Bengaluru, India, within the financial technology sector. An AI-driven platform is offered to institutional lenders and borrowers for portfolio tracking and workflow management. Document analysis is automated to enhance operational efficiency, while loan monitoring supports risk assessment. Services are tailored to streamline processes in lending operations across the region.
Binocs's top competitors include CreditNirvana, FinBox and Veefin.
Binocs offers Deal Due Diligence, Portfolio Monitoring System, Financial Document Analyser, and Auto Covenant Calculator.
Binocs has 30 investors. Key investors include Accel, Premji Invest, Relentless Ventures, Saison Capital, and Blume Ventures.
The valuation of Binocs is $19.26M as of Aug 2022.
Binocs operates through Binocs Labs Private Limited.
The legal entities of Binocs currently have 2 directors, including Tonmoy Shingal, Saurabh Gupta.