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
-
Sectors
Technology
-
Phone
*********
-
Website
*********
- Legal Name Mobikwik Investment Adviser Private Limited
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$28.38 K (USD)184.34as on Mar 31, 2023
-
Net Profit
$-11.3 K (USD)64.93as on Mar 31, 2023
-
EBITDA
$-10.1 K (USD)68.3as on Mar 31, 2023
-
Total Equity Funding
$573.95 K (USD)
in 1 rounds
-
Latest Funding Round
$573.95 K (USD), Seed
Aug 02, 2017
-
Investors
MobiKwik
& 17 more
-
Employee Count
Employee Count
-
Acquired by
MobiKwik
(Oct 11, 2018)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Clearfunds
Clearfunds offers a comprehensive portfolio of products and services, including MobiKwik App, SIP Calculator, and Fund Finder. 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.
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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $573,951
-
First Round
First Round
(02 Aug 2017)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2017 | Amount | Seed - Clearfunds | Valuation | RS Partners , AlphaGrep |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Algorithmic trading is executed across global asset classes by AlphaGrep.
|
Founded Year | Domain | Location | |
|
Operator of platform for online mobile, DTH recharge, and bill payments
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Clearfunds
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Clearfunds
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Clearfunds Comparisons
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. 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 |
Platform offering mutual fund investments, financial planning, and wealth growth services
|
|
| domain | founded_year | HQ Location |
Online investment platform for mutual funds and other financial products
|
|
| domain | founded_year | HQ Location |
Mutual fund portfolios are created via an app-based investment platform.
|
|
| domain | founded_year | HQ Location |
Mutual fund investments are enabled via advisor-assisted diversified plans.
|
|
| domain | founded_year | HQ Location |
Online platform for investing in mutual funds
|
|
| domain | founded_year | HQ Location |
Online platform for mutual funds, stock broking, and other investment services.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Clearfunds
Frequently Asked Questions about Clearfunds
When was Clearfunds founded?
Clearfunds was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Clearfunds located?
Clearfunds is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Clearfunds?
Bipin Preet Singh is the current CEO of Clearfunds.
Is Clearfunds a funded company?
Clearfunds is a funded company, having raised a total of $573.95K across 1 funding round to date. The company's 1st funding round was a Seed of $573.95K, raised on Aug 02, 2017.
What is the annual revenue of Clearfunds?
Annual revenue of Clearfunds is $28.38K as on Mar 31, 2023.
What does Clearfunds do?
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.
Who are the top competitors of Clearfunds?
Clearfunds's top competitors include Scripbox, FundsIndia and AssetPlus.
What products or services does Clearfunds offer?
Clearfunds offers MobiKwik App, SIP Calculator, and Fund Finder.
Who are Clearfunds's investors?
What is Clearfunds's valuation?
The valuation of Clearfunds is $3.27M as of Aug 2017.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.