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
Not available
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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.
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.
People of Binocs
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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.
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.
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Accel is recognized as a leading venture capital firm.
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Venture capital firm focused on pre-seed to series B stage companies
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Seed and early-stage investments are made across sectors in India.
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Investor details for Binocs
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Investments & Acquisitions by Binocs
Investment portfolio details for Binocs
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Financial Statements - Binocs
Detailed financials for Binocs
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Binocs Comparisons
Peer comparison for Binocs
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based lease accounting and management solutions are provided for businesses.
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AI-based business intelligence platform is provided for real-time data analytics.
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AI/ML-driven debt management platform is offered for financial institutions.
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Loan lifecycle management software is developed for financial institutions.
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SaaS-based supply chain financing solutions are delivered globally.
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Developer of digital credit infrastructure and risk intelligence suite
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Detailed competitors of Binocs
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Latest news on 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 current CEO of Binocs. They have also founded this company.
Binocs is a funded company, having raised a total of $4M across 1 funding round to date.
Annual revenue of Binocs is $124.65K as on Mar 31, 2023.
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 Incorta.
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.