About ChitMonks
ChitMonks is a company based in Hyderabad (India) founded in 2016 by Malla Reddy Chitti and Sridhar Reddy Uppula. ChitMonks has raised $762.18 thousand across 3 funding rounds from investors including Unicorn India Ventures, Aditya Vuchi and Bharat Inclusion Initiative. ChitMonks operates in a competitive market with competitors including Chamasoft, Chitcare and CuriousTech, among others.
- Headquarter Hyderabad, India
- Founders Malla Reddy Chitti, Sridhar Reddy Uppula
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Pangean Global Services Private Limited
- Date of Incorporation 01 Feb, 2016
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$11.9 K (USD)-88.59as on Mar 31, 2022
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Net Profit
-$71.42 K (USD)-929.22as on Mar 31, 2022
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EBITDA
-$66.77 K (USD)-371.53as on Mar 31, 2022
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Total Equity Funding
$762.18 K (USD)
in 3 rounds
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Latest Funding Round
$650 K (USD), Seed
Jul 01, 2020
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Investors
Unicorn India Ventures
& 5 more
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Employee Count
Not available
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Funding Insights of ChitMonks
ChitMonks has successfully raised a total of $762.18K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $650 thousand completed in July 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 ChitMonks
ChitMonks has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Unicorn India Ventures, Aditya Vuchi and Bharat Inclusion Initiative.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm offering seed funding and support to startups in technology and innovation sectors.
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Startups across sectors are accelerated through targeted support initiatives.
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Aditya Vuchi |
Founder of Dozee, healthtech innovator, active angel investor in Indian startups
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Locked | Locked | Locked |
Investor details for ChitMonks
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Investments & Acquisitions by ChitMonks
Investment portfolio details for ChitMonks
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Financial Statements - ChitMonks
Detailed financials for ChitMonks
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Chitmonks Comparisons
Peer comparison for ChitMonks
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Competitors of ChitMonks
ChitMonks 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 Chamasoft, Chitcare and CuriousTech, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Serves as a specialized bookkeeping tool for investment groups.
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Delivers web-based management software for chit funds.
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Provides cloud-based software for managing chit funds securely.
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Detailed competitors of ChitMonks
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Latest news on Chitmonks
Complete news archive for ChitMonks
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Frequently Asked Questions about ChitMonks
ChitMonks was founded in 2016 and raised its 1st funding round 1 year after it was founded.
ChitMonks is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
ChitMonks is a funded company, having raised a total of $762.18K across 3 funding rounds to date.
Annual revenue of ChitMonks is $11.9K as on Mar 31, 2022.
Provider of blockchain-based solutions for chit fund management. It offers a network connecting chit fund companies, regulators, subscribers, and banks. The platform facilitates secure and transparent transactions, improving efficiency and financial inclusion. Services include smart collection systems, insurance products tailored for chit subscriptions, and a reimagined approach to registered chit funds. The technology enhances trust and provides access to various financial services for subscribers.
ChitMonks's top competitors include CuriousTech, Chamasoft and Chitcare.
ChitMonks has 6 investors. Key investors include Unicorn India Ventures, Aditya Vuchi, Bharat Inclusion Initiative, Kishore Kumar Ganji, and Jai Krishna Patel.
The valuation of ChitMonks is $2.04M as of Jul 2020.