About Binocs
Binocs is a company based in Bengaluru (India) founded in 2022 by Saurabh Gupta and Tonmoy Shingal.. Binocs has raised $4 million across 1 funding round from investors including Accel, Premji Invest and Relentless Ventures. Binocs offers products and services including Deal Due Diligence, Portfolio Monitoring System, Financial Document Analyser, and Auto Covenant Calculator. Binocs operates in a competitive market with competitors including LeaseAccelerator, Incorta, CreditNirvana, Open Co and Veefin, among others.
- Headquarter Bengaluru, India
- Founders Saurabh Gupta, Tonmoy Shingal
- 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 Binocs Labs Private Limited
- Date of Incorporation 10 May, 2022
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$124.65 K (USD)0as on Mar 31, 2023
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Net Profit
$-532.99 K (USD)0as on Mar 31, 2023
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EBITDA
$-600 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Seed
Aug 12, 2022
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Investors
Accel
& 29 more
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Employee Count
Employee Count
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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. 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.
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.
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Software Development Team
2 people
Product Management Team
2 people
Leadership Team
1 people
Head Team
1 people
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $4.0M
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First Round
First Round
(12 Aug 2022)
- Investors Count 30
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Seed - Binocs | Valuation | Arkam Ventures , Beenext |
| 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 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. 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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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital firm focused on pre-seed to series B stage companies
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Founded Year | Domain | Location | |
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Seed and early-stage investments are made across sectors in India.
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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 Binocs
| 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 - Binocs
| 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 |
Binocs Comparisons
Competitors of Binocs
Binocs 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 LeaseAccelerator, Incorta, CreditNirvana, Open Co and Veefin, 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 |
Cloud-based lease accounting and management solutions are provided for businesses.
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| domain | founded_year | HQ Location |
AI-based business intelligence platform is provided for real-time data analytics.
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| domain | founded_year | HQ Location |
AI/ML-driven debt management platform is offered for financial institutions.
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| domain | founded_year | HQ Location |
Loan lifecycle management software is developed for financial institutions.
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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 |
Developer of digital credit infrastructure and risk intelligence suite
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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 Binocs
Frequently Asked Questions about Binocs
When was Binocs founded?
Binocs was founded in 2022.
Where is Binocs located?
Binocs is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Binocs?
Saurabh Gupta is the current CEO of Binocs. They have also founded this company.
Is Binocs a funded 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 12, 2022.
What is the annual revenue of Binocs?
Annual revenue of Binocs is $124.65K as on Mar 31, 2023.
What does Binocs do?
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.
Who are the top competitors of Binocs?
Binocs's top competitors include CreditNirvana, FinBox and Incorta.
What products or services does Binocs offer?
Binocs offers Deal Due Diligence, Portfolio Monitoring System, Financial Document Analyser, and Auto Covenant Calculator.
Who are Binocs's investors?
Binocs has 30 investors. Key investors include Accel, Premji Invest, Relentless Ventures, Saison Capital, and Blume Ventures.
What is Binocs's valuation?
The valuation of Binocs is $19.26M as of Aug 2022.
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