About Chqbook
Chqbook is a company based in Gurugram (India) founded in 2017 by Rajat Kumar, Vipul Sharma, and Mohit Goel.. Chqbook has raised $12.33 million across 10 funding rounds from investors including Allana, InnoVen Capital and Startup Buddy. The company has 85 employees as of April 04, 2024. Chqbook offers products and services including Zero Balance Current Account, Business Loans, Insurance Plans, Chqbook Khata, and Chqbook Rewards. Chqbook operates in a competitive market with competitors including Tide, Open, ZikZuk, Vanghee and Tijoree, among others.
- Headquarter Gurugram, India
- Employees 85 as on 04 Apr, 2024
- Founders Rajat Kumar, Vipul Sharma, Mohit Goel
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Nineroot Technologies Private Limited
- Date of Incorporation 09 Jun, 2016
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$2.95 M (USD)91.05as on Mar 31, 2023
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Net Profit
$-3.25 M (USD)-44.34as on Mar 31, 2023
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EBITDA
$-2.96 M (USD)-46.87as on Mar 31, 2023
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Total Equity Funding
$12.33 M (USD)
in 10 rounds
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Latest Funding Round
$120.43 K (USD), Series A
Jul 29, 2022
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Investors
Allana
& 83 more
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Employee Count
85
as on Apr 04, 2024
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Products & Services of Chqbook
Chqbook offers a comprehensive portfolio of products and services, including Zero Balance Current Account, Business Loans, Insurance Plans, Chqbook Khata, and Chqbook Rewards. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Lifetime account with rewards for small business transactions
Loans at best rates to support business growth
Coverage for health, motor, life, and shop risks
Tool for tracking credits, debits, and supplier orders
Earn coins on transactions for redemption offers
Unlock access to complete
Funding Insights of Chqbook
Chqbook has successfully raised a total of $12.33M across 10 strategic funding rounds. The most recent funding activity was a Series A round of $120.43 thousand completed in July 2022. 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 10
- Last Round Series A — $120,434
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First Round
First Round
(02 Oct 2017)
- Investors Count 84
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series A - Chqbook | Valuation | Trifecta Capital | |
| Sep, 2021 | Amount | Series A - Chqbook | Valuation | Aavishkaar Capital | |
| Jun, 2021 | Amount | Debt – Venture - Chqbook | Valuation |
investors |
| 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 Chqbook
Chqbook has secured backing from 84 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Allana, InnoVen Capital and Startup Buddy. 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 debt and equity funds are managed for technology sectors.
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Founded Year | Domain | Location | |
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Venture capital fund investing in tech startups
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Founded Year | Domain | Location | |
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Venture capital firm
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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 Chqbook
| 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 - Chqbook
| 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 |
Chqbook Comparisons
Competitors of Chqbook
Chqbook 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 Tide, Open, ZikZuk, Vanghee and Tijoree, 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 |
Tide is recognized as a digital banking platform for businesses.
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| domain | founded_year | HQ Location |
A platform is operated for streamlining business payments and invoicing.
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| domain | founded_year | HQ Location |
Neobanking and business intelligence platforms are offered to SMEs.
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| domain | founded_year | HQ Location |
Digital bank for businesses
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| domain | founded_year | HQ Location |
Digital banking services for businesses are provided online.
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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 Chqbook
Frequently Asked Questions about Chqbook
When was Chqbook founded?
Chqbook was founded in 2017.
Where is Chqbook located?
Chqbook is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Chqbook?
Vipul Sharma is the current CEO of Chqbook. They have also founded this company.
Is Chqbook a funded company?
Chqbook is a funded company, having raised a total of $12.33M across 10 funding rounds to date. The company's 1st funding round was a Debt – Venture of $1M, raised on Oct 02, 2017.
How many employees does Chqbook have?
As of Apr 04, 2024, the latest employee count at Chqbook is 85.
What is the annual revenue of Chqbook?
Annual revenue of Chqbook is $2.95M as on Mar 31, 2023.
What does Chqbook do?
Chqbook was founded in 2017 in Gurugram, India, as a fintech provider targeting small businesses. Zero-balance current accounts with rewards are offered, alongside business loans and insurance plans for life, health, motor, and shop coverage. Tools for recording daily transactions, managing suppliers, and tracking credits and debits are provided, complemented by a rewards program for app-based activities.
What products or services does Chqbook offer?
Chqbook offers Zero Balance Current Account, Business Loans, Insurance Plans, Chqbook Khata, and Chqbook Rewards.
Who are Chqbook's investors?
Chqbook has 84 investors. Key investors include Allana, InnoVen Capital, Startup Buddy, StartupBuddy, and Trifecta Capital.
What is Chqbook's valuation?
The valuation of Chqbook is $22.01M as of Jul 2022.