About Clearfunds
Clearfunds is a company based in Mumbai (India) founded in 2016 was acquired by MobiKwik in October 2018. Clearfunds has raised $573.95 thousand across 1 funding round from investors including MobiKwik, RS Partners and AlphaGrep. Clearfunds offers products and services including MobiKwik App, SIP Calculator, and Fund Finder. Clearfunds operates in a competitive market with competitors including Scripbox, FundsIndia, Kuvera, AssetPlus and Bandhan Mutual Fund, among others.
- Headquarter Mumbai, India
- Stage Minicorn
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Sectors
Technology
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Phone
Locked
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Website
Locked
- Legal Name Mobikwik Investment Adviser Private Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$28.38 K (USD)184.34as on Mar 31, 2023
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Net Profit
-$11.3 K (USD)64.93as on Mar 31, 2023
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EBITDA
-$10.1 K (USD)68.3as on Mar 31, 2023
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Total Equity Funding
$573.95 K (USD)
in 1 rounds
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Latest Funding Round
$573.95 K (USD), Seed
Aug 02, 2017
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Investors
MobiKwik
& 17 more
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Employee Count
Not available
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Acquired by
MobiKwik
(Oct 11, 2018)
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Products & Services of Clearfunds
Clearfunds offers a comprehensive portfolio of products and services, including MobiKwik App, SIP Calculator, and Fund Finder.
App for free direct mutual fund investments and portfolio tracking
Tool to calculate returns on systematic investment plans
Service for discovering and comparing mutual fund schemes
Funding Insights of Clearfunds
Clearfunds has successfully raised a total of $573.95K through 1 strategic funding round. The most recent funding activity was a Seed round of $573.95 thousand completed in August 2017. 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 Clearfunds
Clearfunds has secured backing from 18 investors, including institutional and angel investors. Prominent investors backing the company include MobiKwik, RS Partners and AlphaGrep.
| Investor | Description | Founded Year | Domain | Location |
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Algorithmic trading is executed across global asset classes by AlphaGrep.
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Operator of platform for online mobile, DTH recharge, and bill payments
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Investor details for Clearfunds
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Clearfunds
Investment portfolio details for Clearfunds
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Clearfunds
Detailed financials for Clearfunds
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Clearfunds Comparisons
Peer comparison for Clearfunds
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Clearfunds
Clearfunds 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 Scripbox, FundsIndia, Kuvera, AssetPlus and Bandhan Mutual Fund, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Platform offering mutual fund investments, financial planning, and wealth growth services
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Online investment platform for mutual funds and other financial products
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Mutual fund portfolios are created via an app-based investment platform.
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Mutual fund investments are enabled via advisor-assisted diversified plans.
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Online platform for investing in mutual funds
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Online platform for mutual funds, stock broking, and other investment services.
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Detailed competitors of Clearfunds
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Clearfunds
Complete news archive for Clearfunds
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- Full article archive
- Source and publication date
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Frequently Asked Questions about Clearfunds
Clearfunds was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Clearfunds is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Bipin Preet Singh is the current CEO of Clearfunds.
Clearfunds is a funded company, having raised a total of $573.95K across 1 funding round to date.
Annual revenue of Clearfunds is $28.38K as on Mar 31, 2023.
Clearfunds was established in 2016 in Mumbai, India, within the fintech sector focused on mutual funds. An online platform is operated to allow users to invest in direct mutual fund schemes. Algorithms are employed to shortlist funds according to historical performance data. Services are centered on simplifying access to these investment options for individual investors.
Clearfunds's top competitors include Scripbox, FundsIndia and AssetPlus.
Clearfunds offers MobiKwik App, SIP Calculator, and Fund Finder.
The valuation of Clearfunds is $3.27M as of Aug 2017.