About BookMyForex
BookMyForex is a company based in Gurugram (India) founded in 2011 by Nitin Motwani and Sudarshan Motwani was acquired by Tripmoney in April 2022.. BookMyForex has raised $5.59 million across 5 funding rounds from investors including Tripmoney, Faering Capital and Aditya Pratap Singh. The company has 146 employees as of March 31, 2024. BookMyForex operates in a competitive market with competitors including Remitly, Euronet Worldwide, Xoom, NALA and OFX, among others.
- Headquarter Gurugram, India
- Employees 146 as on 31 Mar, 2024
- Founders Nitin Motwani, Sudarshan Motwani
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Book My Forex Private Limited
- Date of Incorporation 23 Sep, 2011
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$1.17 M (USD)136.81as on Mar 31, 2023
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Net Profit
$-1.17 M (USD)-105.51as on Mar 31, 2023
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EBITDA
$-1.27 M (USD)-111.02as on Mar 31, 2023
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Total Equity Funding
$5.59 M (USD)
in 5 rounds
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Latest Funding Round
$2.07 M (USD), Series A
Mar 02, 2020
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Investors
Tripmoney
& 4 more
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Employee Count
146
as on Mar 31, 2024
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Acquired by
Tripmoney
(Apr 05, 2022)
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Funding Insights of BookMyForex
BookMyForex has successfully raised a total of $5.59M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $2.07 million completed in March 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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $2.1M
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First Round
First Round
(13 Jun 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Series A - BookMyForex | Valuation | Faering Capital |
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| May, 2019 | Amount | Series A - BookMyForex | Valuation | Faering Capital |
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| Feb, 2016 | Amount | Series A - BookMyForex | Valuation | Faering Capital |
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| 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 BookMyForex
BookMyForex has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Tripmoney, Faering Capital and Aditya Pratap Singh. 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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Private equity firm managing investments in Indian sectors.
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Founded Year | Domain | Location | |
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AP
Aditya Pratap Singh |
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Founded Year | Domain | Location |
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AP
Aditya Pratap Singh |
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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 BookMyForex
| 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 - BookMyForex
| 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 |
Bookmyforex Comparisons
Competitors of BookMyForex
BookMyForex 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 Remitly, Euronet Worldwide, Xoom, NALA and OFX, 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 |
Cross-border money transfers are facilitated via banking networks.
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| domain | founded_year | HQ Location |
Electronic payments and transaction processing solutions are offered globally.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via banking channels.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled online for individuals worldwide.
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| domain | founded_year | HQ Location |
International money transfer service provider.
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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 Bookmyforex
Frequently Asked Questions about BookMyForex
When was BookMyForex founded?
BookMyForex was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is BookMyForex located?
BookMyForex is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of BookMyForex?
Sudarshan Motwani is the current CEO of BookMyForex. They have also founded this company.
Is BookMyForex a funded company?
BookMyForex is a funded company, having raised a total of $5.59M across 5 funding rounds to date. The company's 1st funding round was a Series A of $2.4M, raised on Jun 13, 2012.
How many employees does BookMyForex have?
As of Mar 31, 2024, the latest employee count at BookMyForex is 146.
What is the annual revenue of BookMyForex?
Annual revenue of BookMyForex is $1.17M as on Mar 31, 2023.
What does BookMyForex do?
BookMyForex was founded in 2011 and is headquartered in Gurugram, India. An e-commerce platform is operated to simplify foreign exchange transactions, including currency notes, prepaid travel cards, travelers cheques, demand drafts, and wire transfers. Partnerships with banks and exchange firms are maintained to meet customer forex needs across the country. The marketplace model is utilized for buying and selling currencies.
Who are the top competitors of BookMyForex?
BookMyForex's top competitors include Azimo, Euronet Worldwide and NALA.
Who are BookMyForex's investors?
BookMyForex has 5 investors. Key investors include Tripmoney, Faering Capital, Aditya Pratap Singh, Aditya Pratap Singh, and Nitin Motwani.
What is BookMyForex's valuation?
The valuation of BookMyForex is $2.06M as of Mar 2020.
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