About Cointab
Cointab is a company based in Mumbai (India) founded in 2015 by Gaurav Bansal, Arul Sundarraj, and Vinit Maniar.. Cointab has raised $155.25 thousand across 3 funding rounds from investors including Lakshmi Narayanan, Punit Sood and Dynamis Mentors. Cointab offers products and services including Automated Reconciliation Software and Dashboard. Cointab operates in a competitive market with competitors including Simetrik, Duco, Uniqus, Trintech and Curlec, among others.
- Headquarter Mumbai, India
- Founders Gaurav Bansal, Arul Sundarraj, Vinit Maniar
- Stage Minicorn
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Sectors
TechnologyFinancial 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 Cointab Software Private Limited
- Date of Incorporation 03 Aug, 2015
- Jurisdiction Malad West, Maharashtra, India
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Annual Revenue
$326.3 K (USD)167.2as on Mar 31, 2023
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Net Profit
$35.18 K (USD)37.38as on Mar 31, 2023
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EBITDA
$90.27 K (USD)39.75as on Mar 31, 2023
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Total Equity Funding
$155.25 K (USD)
in 3 rounds
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Latest Funding Round
$43.3 K (USD), Angel Round
Apr 16, 2019
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Investors
Dynamis Mentors
& 7 more
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Employee Count
Employee Count
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Products & Services of Cointab
Cointab offers a comprehensive portfolio of products and services, including Automated Reconciliation Software and Dashboard. 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.
Automates matching and reconciling of financial transactions
Offers insights into financial health and transaction data
Funding Insights of Cointab
Cointab has successfully raised a total of $155.25K across 3 strategic funding rounds. The most recent funding activity was a Angel Round round of $43.3 thousand completed in April 2019. 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 3
- Last Round Angel Round — $43,295
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First Round
First Round
(11 Mar 2016)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Angel Round - Cointab | Valuation | Lakshmi Narayanan | |
| May, 2016 | Amount | Seed - Cointab | Valuation | Dynamis Mentors , Doreswamy Nandkishore |
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| Mar, 2016 | Amount | Angel Round - Cointab | Valuation | Bijai Jayarajan , Nitin Gupta |
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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 Cointab
Cointab has secured backing from 8 investors, including angel and institutional investors. Prominent investors backing the company include Lakshmi Narayanan, Punit Sood and Dynamis Mentors. 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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Founded Year | Domain | Location | |
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LN
Lakshmi Narayanan |
Angel investor, ex-CEO of Cognizant, focused on tech and innovation
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Founded Year | Domain | Location |
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PS
Punit Sood |
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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 Cointab
| 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 - Cointab
| 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 |
Cointab Comparisons
Competitors of Cointab
Cointab 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 Simetrik, Duco, Uniqus, Trintech and Curlec, 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 |
Accounts reconciliation solutions
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| domain | founded_year | HQ Location |
SAAS reconciliation solutions are delivered for financial services firms.
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| domain | founded_year | HQ Location |
Provider of accounting, risk, governance, environmental, social, and technology consulting
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| domain | founded_year | HQ Location |
Cloud-based financial reporting and compliance software is delivered for businesses.
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| domain | founded_year | HQ Location |
Recurring payments are automated and collected via bank-to-bank direct debits.
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| domain | founded_year | HQ Location |
Digital receipt management solutions for retail store and restaurants
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Cointab
When was Cointab founded?
Cointab was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Cointab located?
Cointab is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Cointab?
Vinit Maniar is the current CEO of Cointab. They have also founded this company.
Is Cointab a funded company?
Cointab is a funded company, having raised a total of $155.25K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $37.2K, raised on Mar 11, 2016.
What is the annual revenue of Cointab?
Annual revenue of Cointab is $326.3K as on Mar 31, 2023.
What does Cointab do?
Cointab was founded in 2015 and is headquartered in Mumbai, India. Automated software solutions for reconciliation are offered by the company, focusing on the fintech sector. Data from websites, payment gateways, cash-on-delivery transactions, shipping invoices, marketplaces, ERP systems, and banks is reconciled through these tools. Operations emphasize efficiency in financial data management for businesses.
Who are the top competitors of Cointab?
What products or services does Cointab offer?
Cointab offers Automated Reconciliation Software and Dashboard.
Who are Cointab's investors?
Cointab has 8 investors. Key investors include Lakshmi Narayanan, Punit Sood, Dynamis Mentors, Doreswamy Nandkishore, and Sanjay Jain.
What is Cointab's valuation?
The valuation of Cointab is $2.92M as of Apr 2019.