About CityCash
CityCash is a company based in Mumbai (India) founded in 2017 by Viineit Toshniiwal and Vineet Toshniwal.. CityCash has raised $4.73 million across 7 funding rounds from investors including ICICI Bank, Fino Paytech and CityCash. The company has 14 employees as of March 21, 2024. CityCash operates in a competitive market with competitors including PhoneParLoan, Anvi, FYOOL, Fab Money and TruCard, among others.
- Headquarter Mumbai, India
- Employees 14 as on 21 Mar, 2024
- Founders Viineit Toshniiwal, Vineet Toshniwal
- 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
*********
- Legal Name Tap Smart Data Information Services Private Limited
- Date of Incorporation 03 Jan, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$38.62 K (USD)5.06as on Mar 31, 2023
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Net Profit
$-770.08 K (USD)-14.91as on Mar 31, 2023
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EBITDA
$-660.26 K (USD)-13.13as on Mar 31, 2023
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Total Equity Funding
$4.73 M (USD)
in 7 rounds
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Latest Funding Round
$1.81 M (USD), Seed
Feb 17, 2021
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Investors
ICICI Bank
& 27 more
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Employee Count
14
as on Mar 21, 2024
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Funding Insights of CityCash
CityCash has successfully raised a total of $4.73M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $1.81 million completed in February 2021. 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 7
- Last Round Seed — $1.8M
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First Round
First Round
(17 Apr 2017)
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Seed - CityCash | Valuation | ICICI Bank | |
| Aug, 2020 | Amount | Seed - CityCash | Valuation | Orios Venture Partners |
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| May, 2019 | Amount | Seed - CityCash | Valuation | Orios Venture Partners |
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| 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 CityCash
CityCash has secured backing from 28 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include ICICI Bank, Fino Paytech and CityCash. 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 equity and boutique advisory firm
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward fintech and various sectors.
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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 CityCash
| 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 - CityCash
| 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 |
Citycash Comparisons
Competitors of CityCash
CityCash 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 PhoneParLoan, Anvi, FYOOL, Fab Money and TruCard, 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 |
Personal loans are provided via an online marketplace for consumers.
|
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| domain | founded_year | HQ Location |
Provides AI-driven banking, payments, loans, and financial inclusion for unbanked individuals.
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| domain | founded_year | HQ Location |
A reward points system that credits users for every transaction to encourage loyalty.
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| domain | founded_year | HQ Location |
Prepaid card providing 1% cashback on everyday purchases at local and national brands.
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| domain | founded_year | HQ Location |
A platform providing stablecoins backed by gold and silver for secure digital transactions.
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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 Citycash
Frequently Asked Questions about CityCash
When was CityCash founded?
CityCash was founded in 2017.
Where is CityCash located?
CityCash is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of CityCash?
Viineit Toshniiwal is the current CEO of CityCash. They have also founded this company.
Is CityCash a funded company?
CityCash is a funded company, having raised a total of $4.73M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.01M, raised on Apr 17, 2017.
How many employees does CityCash have?
As of Mar 21, 2024, the latest employee count at CityCash is 14.
What is the annual revenue of CityCash?
Annual revenue of CityCash is $38.62K as on Mar 31, 2023.
What does CityCash do?
CityCash was founded in 2017 in Mumbai, India, within the fintech sector. Tap-to-pay solutions are provided for retail, transit, and government payments, encompassing offline and online processing. NFC-enabled cards and point-of-sale devices are utilized in operations. A card architecture incorporating loyalty points and subscription-based options is offered. Low-cost mechanisms are focused on for high-volume, low-value transactions.
Who are the top competitors of CityCash?
CityCash's top competitors include PhoneParLoan, FYOOL and TruCard.
Who are CityCash's investors?
CityCash has 28 investors. Key investors include ICICI Bank, Fino Paytech, CityCash, Trimax, and Orios Venture Partners.
What is CityCash's valuation?
The valuation of CityCash is $12.2M as of Feb 2021.