About DaLocal
DaLocal is a Financial Services company based in Bengaluru (India) founded in 2020 by B Kaustav, Rajat Gupta, Jyotirmaya Mohanty, and Ravi Lalchand Chatpar. DaLocal has raised $37.28 thousand across 1 funding round from investors including Vijay Pillai and Sanjay Jadhav. The company has 1 employees. DaLocal was last valued at $2.51 million in December 2024. Its focus areas include FinTech, Banking Tech, Internet First Banks and Digital Native Banks. Its legal entity in India is Dalocal Technologies Private Limited (U72900KA2020PTC138221). Its competitors include Revolut, TONIK, Allica Bank, OakNorth Bank and Paytm Payments Bank and 2 more; 5 of its 7 listed competitors have raised funding.
Company details
AI-based platform offering banking management. It offers digital accounts with no maintenance fees or average balance requirements, along with a complimentary debit card featuring various partnership. It also allows users to access tailored saving and investment plans.
- Headquarters Bengaluru, India
- Employees 1
- Founders B Kaustav, Rajat Gupta, Jyotirmaya Mohanty, Ravi Lalchand Chatpar
- Stage Minicorn
- SectorsFinancial Services
- Website da-local.com
- Social LinkedIn
- Legal Name Dalocal Technologies Private Limited
- Date of Incorporation 05 Sep, 2020
- Jurisdiction Bangalore, Karnataka, India
- Total Equity Funding$37.28K (USD)
in 1 rounds
- Latest Funding Round$37.28K (USD), Angel Round
Dec 2024
- Employee Count1
Associated legal entities of DaLocal
DaLocal operates through Dalocal Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Dalocal Technologies Private Limited CIN U72900KA2020PTC138221 | Active | 05 Sep 2020 | Bangalore, Karnataka | – | – | 3 | View details |
Funding Insights of DaLocal
DaLocal has successfully raised a total of $37.28K through 1 strategic funding round. The most recent funding activity was a Angel Round of $37.28 thousand completed in December 2024. 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 $37,281
- Total Rounds 1
- Last Round Angel Round — $37,281
- First Round $37,281
(Dec 2024)
- Investors Count 2
All 1 funding rounds of DaLocal with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2024 | $37,281 | Angel Round | $2.51M | Vijay Pillai |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2024 | $2.51M | •••••••• |
Last known valuation $2.51M (Dec 2024). 2 investors in total: 0 institutional and 2 angel.
Investors in DaLocal
DaLocal has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Vijay Pillai and Sanjay Jadhav.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VP Vijay Pillai | - | – | unknown_db397ddfcaac4572b | - |
SJ Sanjay Jadhav | - | – | unknown_3d866865ea0046168 | - |
Investor details for DaLocal
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Dalocal Technologies Private Limited (DaLocal)
Dalocal Technologies Private Limited is the primary company behind DaLocal. The board of Dalocal Technologies Private Limited currently have 3 directors; the longest-serving is Jyotimaya Mohanty, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jyotimaya Mohanty DIN 08865896 | Director | 05 Sep 2020 | 6 yrs 1 mo | Dalocal Technologies Private Limited |
| Ravi Lalchand Chhatpar DIN 08865897 | Director | 05 Sep 2020 | 6 yrs 1 mo | Dalocal Technologies Private Limited |
| Lopamudra Parija DIN 10945395 | Director | 14 Feb 2025 | 1 yr 7 mo | Dalocal Technologies Private Limited |
People of DaLocal
4 people are tracked at DaLocal (4 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
B Kaustav | Co-Founder | Leadership |
Rajat Gupta | Co-Founder | Leadership |
Jyotirmaya Mohanty | Co-Founder | Leadership |
Ravi Lalchand Chatpar | Co-Founder | Leadership |
Complete people profiles for DaLocal
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of DaLocal
3 dated milestones of DaLocal across 4 years, from founding to its latest funding, stage changes and deals.
- Founded DaLocal is founded.
- Funding First funding round of $37K.
- Milestone Reaches Minicorn status.
Competitors of DaLocal
DaLocal has 7 listed competitors in our database, 5 of them funded. They include Revolut, TONIK, Allica Bank, OakNorth Bank and Paytm Payments Bank, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| revolut.com | 2015 | London, United Kingdom | $1.99B | 1,614 | Banking solutions are provided for retail customers and businesses. | |
| tonikbank.com | 2018 | Singapore | $175M | – | Digital banking solutions for individuals are provided by TONIK. | |
| allica.bank | 2017 | London, United Kingdom | $334.21M | 180 | Internet-first banking services are offered to individuals and businesses. | |
| oaknorth.co.uk | 2013 | Manchester, United Kingdom | $961.88M | 50 | Commercial bank | |
| paytmbank.com | 2017 | Noida, India | $9.3M | 740 | Digital banking solutions are offered for individuals and businesses. | |
| airtel.in/bank | 2017 | Gurugram, India | – | – | Payments Bank | |
| theunitybank.com | 2021 | Delhi, India | – | 4,916 | Provides savings accounts, loans, and digital banking for personal and business financial needs. |
Detailed competitors of DaLocal
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as DaLocal (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about DaLocal
DaLocal was founded in 2020 and raised its 1st funding round 4 years after it was founded.
DaLocal is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
DaLocal is a funded company, having raised a total of $37.28K across 1 funding round to date. The company's 1st funding round was a Angel Round of $37.28K, raised on Dec 2024.
DaLocal has 1 employees.
AI-based platform offering banking management. It offers digital accounts with no maintenance fees or average balance requirements, along with a complimentary debit card featuring various partnership. It also allows users to access tailored saving and investment plans.
DaLocal's top competitors include Revolut, Allica Bank and OakNorth Bank.
DaLocal has 2 investors. Key investors include Vijay Pillai, and Sanjay Jadhav.
The valuation of DaLocal is $2.51M as of Dec 2024.
DaLocal operates through Dalocal Technologies Private Limited.
The legal entities of DaLocal currently have 3 directors, including Jyotimaya Mohanty, Ravi Lalchand Chhatpar, Lopamudra Parija.