About BuyForexOnline
BuyForexOnline is a company based in Bengaluru (India) founded in 2012. It operates as a B2C. BuyForexOnline has raised $25.23 million across 8 funding rounds from investors including Gautam Kumar, Ramachandra Kaundinya and Sathish G. The company has 2 employees as of March 31, 2023. BuyForexOnline operates in a competitive market with competitors including Wise, BookMyForex, Western Union, InstaReM and HiWi, among others.
- Headquarter Bengaluru, India
- Employees 2 as on 31 Mar, 2023
- 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 Electrum Financial Services Private Limited
- Date of Incorporation 10 Oct, 2012
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$178.06 K (USD)-23.19as on Mar 31, 2023
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Net Profit
$12.06 K (USD)-58.98as on Mar 31, 2023
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EBITDA
$-63.19 K (USD)-219.54as on Mar 31, 2023
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Total Equity Funding
$25.23 M (USD)
in 8 rounds
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Latest Funding Round
$123.52 K (USD), Angel Round
Mar 22, 2020
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Investors
Swarnim
& 16 more
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Employee Count
2
as on Mar 31, 2023
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Funding Insights of BuyForexOnline
BuyForexOnline has successfully raised a total of $25.23M across 8 strategic funding rounds. The most recent funding activity was a Angel Round round of $123.52 thousand 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 8
- Last Round Angel Round — $123,515
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First Round
First Round
(25 Apr 2014)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Angel Round - BuyForexOnline | Valuation | Gautam Kumar | |
| Mar, 2019 | Amount | Seed - BuyForexOnline | Valuation | Aditya Agarwal | |
| Mar, 2018 | Amount | Seed - BuyForexOnline | Valuation | Gautam Kumar |
| 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 BuyForexOnline
BuyForexOnline has secured backing from 17 investors, including angel and venture fund investors. Prominent investors backing the company include Gautam Kumar, Ramachandra Kaundinya and Sathish G. 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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Venture capital fund focused on multiple sectors
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Founded Year | Domain | Location | |
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GK
Gautam Kumar |
Co-founder of FarEye, logistics tech innovator, active angel investor
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Founded Year | Domain | Location |
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RK
Ramachandra Kaundinya |
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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 BuyForexOnline
| 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 - BuyForexOnline
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Buyforexonline Comparisons
Competitors of BuyForexOnline
BuyForexOnline 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 Wise, BookMyForex, Western Union, InstaReM and HiWi, 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 remittances are enabled for individuals and businesses via apps.
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| domain | founded_year | HQ Location |
Online foreign exchange and remittance services are facilitated in India.
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| domain | founded_year | HQ Location |
Provider of remittance services
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| domain | founded_year | HQ Location |
Cross-border money transfers are facilitated for individuals and businesses.
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| domain | founded_year | HQ Location |
Provider of payment solutions for international students
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| domain | founded_year | HQ Location |
Digital payment services including gateways, remittances, and recharges are provided.
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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 Buyforexonline
Frequently Asked Questions about BuyForexOnline
When was BuyForexOnline founded?
BuyForexOnline was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is BuyForexOnline located?
BuyForexOnline is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is BuyForexOnline a funded company?
BuyForexOnline is a funded company, having raised a total of $25.23M across 8 funding rounds to date. The company's 1st funding round was a Seed of $230.44K, raised on Apr 25, 2014.
How many employees does BuyForexOnline have?
As of Mar 31, 2023, the latest employee count at BuyForexOnline is 2.
What is the annual revenue of BuyForexOnline?
Annual revenue of BuyForexOnline is $178.06K as on Mar 31, 2023.
What does BuyForexOnline do?
BuyForexOnline, backed by 25232442.0 from Gautam Kumar, Ramachandra Kaundinya, Sathish G, Raman Malpury, Meeta Gandhi, Aditya Agarwal, Vinatha M Reddy, Harshvardhan Agarwal, Janeshwar Teja, P Ramakrishna, Vinnakota Kaundinya Ramachandra, Kshama Venkataramaiah Kaushik, Swarnim, Ananth Reddy, Hari Shankar Agarwal, Sridhar Reddy Manthani, Chendana Jalagam, focuses on offering financial products and advice, fintech, currency exchange, and prepaid cards. Operates a digital platform for forex prepaid cards and purchases. Driving innovation, growth, and.
Who are the top competitors of BuyForexOnline?
BuyForexOnline's top competitors include Wise, BookMyForex and Western Union.
Who are BuyForexOnline's investors?
BuyForexOnline has 17 investors. Key investors include Gautam Kumar, Ramachandra Kaundinya, Sathish G, Raman Malpury, and Meeta Gandhi.
What is BuyForexOnline's valuation?
The valuation of BuyForexOnline is $2.68M as of Mar 2020.