About Canopi
Canopi is a Financial Services company based in Bengaluru (India) founded in 2016 by Prabal Krishna. Platform offering invoice discounting platform. Its Indian entity Canopi India Private Limited reported revenue of ₹2.23 Cr. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include KredX, Vayana and Cashflo; 3 of its 3 listed competitors have raised funding.
Company details
Canopi was founded in 2016 in Bengaluru, India, as a fintech platform focused on invoice discounting. An online service is operated where small businesses can access unsecured loans for working capital by leveraging their unpaid invoices. The platform facilitates quick funding without collateral requirements, targeting the needs of SMEs in the Indian market for efficient cash flow management.
- Headquarters Bengaluru, India
- Founders Prabal Krishna
- SectorsFinancial Services
- Email••••••••
- Website canopi.in
- Social LinkedIn
- Legal Name Canopi India Private Limited
- Date of Incorporation 14 Sep, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2.23 Cr
FY 2024 · +195% YoY
- Net Loss-₹4.27 Cr
FY 2024 · -192% margin
- EBITDA-₹3.75 Cr
FY 2024 · -168% margin
- Investors
Associated legal entities of Canopi
Canopi is associated with 2 registered companies on The Company Check; the primary company is Canopi India Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Canopi India Private Limited CIN U74999KA2017PTC106403 | Active | 14 Sep 2017 | Bangalore, Karnataka | ₹2.2 Cr | 19 | 4 | View details |
| Canopi Llp CIN AAG-2977 | Active | 06 May 2016 | Bangalore, Karnataka | $1,710 | 2 | View details |
Funding Insights of Canopi
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Canopi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2017 | Seed | – | Startupbootcamp | – |
1 investors in total: 1 institutional.
Investors in Canopi
Canopi has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Startupbootcamp.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech focused global accelerator firm | startupbootcamp.org | London, United Kingdom |
Investor details for Canopi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Canopi India Private Limited (Canopi)
Canopi India Private Limited is the primary company behind Canopi. The boards of the 2 registered companies of Canopi currently have 4 directors; the longest-serving is Prabal Munnur Krishna, appointed in 2016. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prabal Munnur Krishna DIN 07353403 | Designated Partner | 06 May 2016 | 10 yrs 6 mo | Canopi Llp, Canopi India Private Limited |
| Sagde Basavaraju Mahesh DIN 07389240 | Designated Partner | 06 May 2016 | 10 yrs 6 mo | Canopi Llp, Canopi India Private Limited |
| Asrani Ashok Abhay DIN 08177715 | Additional Director | 04 Jun 2019 | 7 yrs 5 mo | Canopi India Private Limited |
| Gopinath Ambadithody DIN 00046798 | Director | 08 Feb 2021 | 5 yrs 9 mo | Canopi India Private Limited |
People of Canopi
1 people are tracked at Canopi (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director | Leadership |
Complete people profiles for Canopi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Canopi
Figures of Canopi India Private Limited, the primary company behind Canopi, for FY 2024. Revenue was ₹2.23 Cr (+195% year on year). Net loss was -₹4.27 Cr (-192% margin). EBITDA was -₹3.75 Cr (-168% margin). Revenue has grown at a compounded annual rate of +101% over three years.
- ₹2.23 CrRevenue · FY 2024 · +195% YoY
- -₹4.27 CrNet loss · -192% margin
- -₹3.75 CrEBITDA · -168% margin
- ₹1.9 LakhPaid-up capital
- 19Employees (provident fund records)
- +101%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Canopi India Private Limited are on its company page.
Detailed financial statements for Canopi
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Canopi
2 dated milestones of Canopi across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Canopi is founded.
- Funding First funding round.
Competitors of Canopi
Canopi has 3 listed competitors in our database, 3 of them funded. They include KredX, Vayana and Cashflo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kredx.com | 2015 | Bengaluru, India | $33.03M | 69 | Supply chain finance solutions and automation tools are provided. | |
| vayana.com | 2009 | Pune, India | $91.94M | Platform for trade credit and supply chain finance is provided. | ||
| cashflo.io | 2019 | Mumbai, India | $12.77M | 54 | Provider of accounts payable automation, payment, compliance, and vendor management software |
Detailed competitors of Canopi
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Web traffic of Canopi
The website of Canopi (canopi.in) receives about 3.4K visits a month.
- Monthly visits3.4K
▼ 45.2% vs previous month
Websites whose visitors overlap most with Canopi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| paisaarrangers.com | 100% | View details | |||
| trillionloans.com | 98% | 14.2K | #1,277,102 | View details | |
| abhiloans.com | 92% | 51.3K | #757,023 | View details | |
| credility.in | 89% | 1.9K | #9,297,034 | View details | |
| rupeeq.com | 85% | #453,741 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Canopi
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- 7 similar websites
- Audience overlap
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- Traffic by brand
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Top companies in Alternative Lending
3 companies that operate in the same segment as Canopi (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 185.7 M | 2,787 |
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Related news about Canopi
Complete news archive for Canopi
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Frequently Asked Questions about Canopi
Canopi was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Canopi is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Canopi, Canopi India Private Limited, reported revenue of ₹2.23 Cr for FY 2024, up 195% year on year.
Canopi was founded in 2016 in Bengaluru, India, as a fintech platform focused on invoice discounting. An online service is operated where small businesses can access unsecured loans for working capital by leveraging their unpaid invoices. The platform facilitates quick funding without collateral requirements, targeting the needs of SMEs in the Indian market for efficient cash flow management.
Canopi has 1 investor. Key investors include Startupbootcamp.
Canopi is associated with 2 legal entities: Canopi India Private Limited, Canopi Llp.
The legal entities of Canopi currently have 4 directors, including Prabal Munnur Krishna, Sagde Basavaraju Mahesh, Gopinath Ambadithody and others.