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
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- 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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People of BookMyForex
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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.
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.
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Private equity firm managing investments in Indian sectors.
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Aditya Pratap Singh |
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Aditya Pratap Singh |
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Investor details for BookMyForex
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Investments & Acquisitions by BookMyForex
Investment portfolio details for BookMyForex
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Financial Statements - BookMyForex
Detailed financials for BookMyForex
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Bookmyforex Comparisons
Peer comparison for BookMyForex
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cross-border money transfers are facilitated via banking networks.
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Electronic payments and transaction processing solutions are offered globally.
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Cross-border money transfers are enabled via banking channels.
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Cross-border remittances are enabled online for individuals worldwide.
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International money transfer service provider.
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Detailed competitors of BookMyForex
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Latest news on Bookmyforex
Complete news archive for BookMyForex
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Frequently Asked Questions about BookMyForex
BookMyForex was founded in 2011 and raised its 1st funding round 1 year after it was founded.
BookMyForex is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Sudarshan Motwani is the current CEO of BookMyForex. They have also founded this company.
BookMyForex is a funded company, having raised a total of $5.59M across 5 funding rounds to date.
As of Mar 31, 2024, the latest employee count at BookMyForex is 146.
Annual revenue of BookMyForex is $1.17M as on Mar 31, 2023.
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.
BookMyForex's top competitors include Azimo, Euronet Worldwide and NALA.
BookMyForex has 5 investors. Key investors include Tripmoney, Faering Capital, Aditya Pratap Singh, Aditya Pratap Singh, and Nitin Motwani.
The valuation of BookMyForex is $2.06M as of Mar 2020.